The UK Gambling Commission has just announced a £10 million fine to Platinum Gaming Limited, see below for full announcement:
A gambling business will pay a £10 million penalty after a Gambling Commission investigation revealed Anti-Money Laundering (AML) and social responsibility failings.
Platinum Gaming Limited – which operates unibet.co.uk and uk.bingo.com – will also receive a warning and have to undergo a third-party audit to ensure it is effectively implementing its anti-money laundering and safer gambling policies, procedures and controls.
Social responsibility failures included:
- employing a customer interaction system which failed to identify a player as at risk of harm despite the player losing £5,000 within 24 hours of registration and going on to lose more than £16,000 in less than three months.
- not interacting with a consumer who lost over £31,000 within nine months, hit their monthly loss limit on six occasions, and demonstrated markers of harm associated with high velocity gambling.
- not identifying a consumer who exceeded their £2,500 loss limit within 16 minutes of registering their account as potentially being at risk of harm. The operator also failed to identify binge gambling.
- not interacting with a customer during a 23-day period in which they staked £73,000 and lost £4,100.
Anti-money laundering failures included:
- the Licensee’s money laundering/terrorist financing risk assessment failed to take into account customers whose account(s) had been closed by the Licensee due to money laundering or terrorist funding concerns prior to 2023. This enabled some customers whose accounts had been blocked to open new accounts and gamble.
- the AML policy in place at the time lacked clarity around the level of customer due-diligence and enhanced customer due-diligence measures conducted and how this was determined by the level of risk displayed by a customer.
- despite being covered in the Licensee’s risk assessment, there was no evidence that potential high-risk factors such as high-risk occupation, high levels of transactions through deposits and withdrawals and a high level of loss, had been considered when customer reviews were undertaken.
This is the second occasion Platinum Gaming have faced enforcement action – in 2023 they were fined £2.9m for social responsibility and anti-money laundering failures.
John Pierce, Commission Director of Enforcement, said: “While industry wide progress has been made in reducing unchecked high spending, the failings at Platinum Gaming are particularly disappointing. The case revealed serious shortcomings in customer interaction systems, including failures to identify and act on clear markers of harm. These included consumers losing thousands within hours or days of registration, repeatedly breaching loss limits, and exhibiting patterns of binge and high-velocity gambling without appropriate intervention.
“Significant anti-money laundering failures were also identified. These included gaps in the licensee’s risk assessment, which failed to account for previously blocked accounts linked to money laundering concerns, and a lack of clarity in the AML policy around due diligence thresholds. Customer reviews did not consistently consider high-risk factors, despite these being outlined in the licensee’s own framework.”
He continued: “Alongside the £10 million financial penalty this operator is required to conduct a follow-up independent audit and internal investigation – providing regular updates to the Commission. These added conditions are designed to drive meaningful change, reinforce accountability, and embed a culture of compliance.
“Senior leaders must take ownership of compliance outcomes and ensure lessons are embedded across the organisation, supported by structured reporting and board level oversight – and further regulatory activity will remain a possibility.”
Showing posts with label Unibet. Show all posts
Showing posts with label Unibet. Show all posts
October 26, 2025
September 30, 2021
Playtech signs multi-state agreement in U.S. with Unibet
Playtech, the gambling technology company, today announces the signing of a multi-state agreement with Unibet Interactive, a part of Kindred Group. Under the agreement, Playtech will provide its RNG Casino software to Unibet in New Jersey, with further states to follow in the coming months.
The partnership with Unibet Interactive is the next step in Playtech’s strategic expansion in the U.S. market. Unibet has established a market-leading product offering to its customers in New Jersey, which will be further bolstered by a range of Playtech’s best-performing RNG Casino software.
Shimon Akad, Playtech Chief Operating Officer, said: “We are delighted to announce this exciting step in Playtech’s U.S. growth. Unibet deliver a fantastic entertainment experience to their U.S. customers, and we are proud to partner with them to deliver Playtech’s Casino software as part of their market leading offering – starting in New Jersey. Playtech continues to partner with the leading operators in New Jersey to bring its industry leading Casino software to the U.S. market and we look forward to continuing to expand into new States’.
Manuel Stan, SVP Kindred Group US, commented: “To add Playtech Casino software to our portfolio in New Jersey is very exciting. Partnering with Playtech enables us to offer our online casino customers a selection of some of the best quality content, and we look forward to further collaboration with Playtech across more U.S. states in the future.”
November 30, 2018
Lotteriinspektionen publishes first licences for re-regulated Swedish market
Swedish gambling regulator – Lotteriinspektionen has this morning announced its first sixteen approved operators, which will be allowed to service Sweden’s re-regulated online gambling marketplace from 1 January 2019.
As anticipated, established Stockholm-listed enterprises’ Kindred Group Plc, Betsson AB and LeoVegas AB feature on Lotteriinspektionen approved list.
In a statement released this morning, Kindred Group confirmed that it had secured approval to operate the following domains; unibet.se, mariacasino.se, storspelare.se, bingo.se, igame.se
“Today is a historic day for Kindred. We have been pushing for a modern and sustainable gambling market in Sweden from the very start of Unibet in 1997, in which the focus is on consumer protection and harm minimisation”, commented Henrik Tjärnström, Group CEO of Kindred Plc
Meanwhile, Stockholm incumbent Betsson AB has moved to confirm that it will operate three brands, consisting of flagship Betsson and NordicBet (Sportsbook) and SverigeAutomaten (slots) establishing its new home market profile.
“It is good that Sweden opens up the gaming market for free competition in a controlled environment. We look forward to operating on our Swedish home market as a recognised operator on equal terms,” added Betsson CEO Pontus Lindwall.
State-owned gambling asset – Svenska Spel has been approved services for betting, lotteries and online casino is accompanied by national racing firm AB TRAV operating its atg.se domain.
European incumbents are represented by German bookmaker Interwetten Sports, alongside GVC Holdings’ bwin and partygaming (poker + bingo) domains securing licenses.
In addition, the first set of licensee instalments, feature a UK presence with leading online bookmaker bet365 securing its Lotteriinspektionen approval from sportsbook and gaming, joined by Sunderland online gaming group Tombola (bingo/games).
This November, Lotteriinspektionen executives provided a public stakeholder update, detailing the changes the regulatory body expects to undertake once Sweden’s re-regulated gambling framework is established.
Changes for Lotteriinspektionen include a rebrand to Spelinspektionen (translation – ‘The Gambling Inspectorate’), with the regulator expecting to increase its resources and capacities significantly.
“This is a historic day. I am very proud that the Lotteriinspektionen’s staff under severe pressure, with a whole new legislation, worked out the first license decisions,” said Camilla Rosenberg, director general of the Lotteriinspektionen.
As anticipated, established Stockholm-listed enterprises’ Kindred Group Plc, Betsson AB and LeoVegas AB feature on Lotteriinspektionen approved list.
In a statement released this morning, Kindred Group confirmed that it had secured approval to operate the following domains; unibet.se, mariacasino.se, storspelare.se, bingo.se, igame.se
“Today is a historic day for Kindred. We have been pushing for a modern and sustainable gambling market in Sweden from the very start of Unibet in 1997, in which the focus is on consumer protection and harm minimisation”, commented Henrik Tjärnström, Group CEO of Kindred Plc
Meanwhile, Stockholm incumbent Betsson AB has moved to confirm that it will operate three brands, consisting of flagship Betsson and NordicBet (Sportsbook) and SverigeAutomaten (slots) establishing its new home market profile.
“It is good that Sweden opens up the gaming market for free competition in a controlled environment. We look forward to operating on our Swedish home market as a recognised operator on equal terms,” added Betsson CEO Pontus Lindwall.
State-owned gambling asset – Svenska Spel has been approved services for betting, lotteries and online casino is accompanied by national racing firm AB TRAV operating its atg.se domain.
European incumbents are represented by German bookmaker Interwetten Sports, alongside GVC Holdings’ bwin and partygaming (poker + bingo) domains securing licenses.
In addition, the first set of licensee instalments, feature a UK presence with leading online bookmaker bet365 securing its Lotteriinspektionen approval from sportsbook and gaming, joined by Sunderland online gaming group Tombola (bingo/games).
This November, Lotteriinspektionen executives provided a public stakeholder update, detailing the changes the regulatory body expects to undertake once Sweden’s re-regulated gambling framework is established.
Changes for Lotteriinspektionen include a rebrand to Spelinspektionen (translation – ‘The Gambling Inspectorate’), with the regulator expecting to increase its resources and capacities significantly.
“This is a historic day. I am very proud that the Lotteriinspektionen’s staff under severe pressure, with a whole new legislation, worked out the first license decisions,” said Camilla Rosenberg, director general of the Lotteriinspektionen.
June 30, 2018
Unibet signs €172 million title sponsorship with Swedish football
Set to commence on January 1st 2020, the 12-year agreement is valued at SEK1.8bn (€172m) and sees Unibet replace state-owned operator Svenska Spel as lead sponsor of the leagues.
The partnership was agreed with the Swedish Elite Football Association (Svensk Elitfotboll), and runs through to 2026 with an option to extend the agreement for an additional six years.
“We have only good things to say about co-operation over the years together with Svenska Spel and we are very grateful for all that Svenska Spel has done for elite football,” said Mats Enquist, secretary general of Svensk Elitfotboll. “We are also looking forward to completing the current contract period in the best way together.
“When Svenska Spel chose not to renew the agreement on acceptable terms, we had to look around at the market. We are excited that we could find this solution with Unibet and we are looking forward to the joint cooperation.”
Kindred Group general manager for Sweden, Dersim Sylwan, commented: “We are very proud to have made this historic agreement with Svensk Elitfotboll. The deal includes a significant long-term commitment to Swedish sports, an opportunity we have been fighting for during the last 20 years. We are very pleased to announce the partnership and we look forward to contributing to the development of Swedish football.”
The sponsorship agreement will see SEK150m distributed annually to Svensk Elitfotboll, with SEK100m allocated to Allsvenskan and Superettan clubs, SEK25m to talent development and integrity work, and a further SEK20m to clubs based on the wishes of Unibet customers. A further SEK5m has been earmarked for a special initiative focused on European tournaments.
“Our new agreement with Svensk Elitfotboll will give the association substantially more income compared to previous partnership deals,” added Sylwan. “The new gaming licence will finally make it possible for Swedish sports to gain market value for their partnerships, which is positive for the clubs, the associations and of course for the athletes.”
Svensk Elitfotboll chairman Lars-Christer Olsson added: “In Kindred Group, Svensk Elitfotboll sees a new serious partner who, together with us, can take responsibility for the healthy development of games in our leagues while supporting elite football development in Sweden.”
The partnership was agreed with the Swedish Elite Football Association (Svensk Elitfotboll), and runs through to 2026 with an option to extend the agreement for an additional six years.
“We have only good things to say about co-operation over the years together with Svenska Spel and we are very grateful for all that Svenska Spel has done for elite football,” said Mats Enquist, secretary general of Svensk Elitfotboll. “We are also looking forward to completing the current contract period in the best way together.
“When Svenska Spel chose not to renew the agreement on acceptable terms, we had to look around at the market. We are excited that we could find this solution with Unibet and we are looking forward to the joint cooperation.”
Kindred Group general manager for Sweden, Dersim Sylwan, commented: “We are very proud to have made this historic agreement with Svensk Elitfotboll. The deal includes a significant long-term commitment to Swedish sports, an opportunity we have been fighting for during the last 20 years. We are very pleased to announce the partnership and we look forward to contributing to the development of Swedish football.”
The sponsorship agreement will see SEK150m distributed annually to Svensk Elitfotboll, with SEK100m allocated to Allsvenskan and Superettan clubs, SEK25m to talent development and integrity work, and a further SEK20m to clubs based on the wishes of Unibet customers. A further SEK5m has been earmarked for a special initiative focused on European tournaments.
“Our new agreement with Svensk Elitfotboll will give the association substantially more income compared to previous partnership deals,” added Sylwan. “The new gaming licence will finally make it possible for Swedish sports to gain market value for their partnerships, which is positive for the clubs, the associations and of course for the athletes.”
Svensk Elitfotboll chairman Lars-Christer Olsson added: “In Kindred Group, Svensk Elitfotboll sees a new serious partner who, together with us, can take responsibility for the healthy development of games in our leagues while supporting elite football development in Sweden.”
January 27, 2016
William Hill, Unibet and Betway blacklisted by Lithuania
William Hill, Unibet and Betway have all been blacklisted in Lithuania following a request by the Lithuania Gaming Control Authority to the countries ISP providers to block the companies offering online gambling to residents.
Under orders from the National Parliament after a list of blacklisted companies was drawn up who are deemed to have broken national online gambling laws.
The three online operators are the first of the International companies to have been blacklisted with more to follow it is understood. The move follows new laws that were passed at the beginning of the year to tighten regulations on overseas companies offering online gambling within the country.
At present only online sites TonyBet and Orakulas are allowed to offer online gambling within Lithuania as they have been fully licensed within the country.
However those currently blacklisted and those companies that are on the list to be blacklisted are still welcome to apply for an online gambling license to offer online games said the Gaming Control Authority.
Under orders from the National Parliament after a list of blacklisted companies was drawn up who are deemed to have broken national online gambling laws.
The three online operators are the first of the International companies to have been blacklisted with more to follow it is understood. The move follows new laws that were passed at the beginning of the year to tighten regulations on overseas companies offering online gambling within the country.
At present only online sites TonyBet and Orakulas are allowed to offer online gambling within Lithuania as they have been fully licensed within the country.
However those currently blacklisted and those companies that are on the list to be blacklisted are still welcome to apply for an online gambling license to offer online games said the Gaming Control Authority.
January 21, 2016
French online betting grows but profits remain elusive
France’s online betting volumes continued to grow impressively in 2015 but the country’s igaming market is still precarious, year-end figures from the country’s regulator ARJEL reveal.
The figures show that online betting revenues from regulated operators did not slow down in 2015, despite no major football tournament such as the 2014 World Cup taking place.
Betting stakes rose 30% during 2015, reaching €1.44bn, while stakes placed in the fourth quarter of the year beat all previous records and reached €452m, the highest volume since the market regulated in 2010.
The rise in betting volumes is a result of an 8% rise in the number of weekly active punters to 200,000 and an increase of 1.8 points in the pay out ratio to 81.3%, which led to French punters betting more.
Gross profits were up 19% for betting operators to €270m on 2014’s figure of €227m. However, with operators’ taxes based on stakes the level of taxation works out at 46% of gross profits and net profits for online betting, the actual amount operators are left with and from which they pay their running costs, rose just 6% in 2015.
French-licensed betting operators recorded losses of €11m in 2014 and it is highly likely that they will continue to be loss-making in 2015.
In terms of market share, new entrant Winamax, which diversified by launching a betting site in May 2014 and Unibet have been highly aggressive in going after French players.
Stakes for horse racing pari mutuel were down 2% to €1bn, their lowest level since 2010, while online poker cash game stakes saw a further drop of 14% to €3.7bn although entry fees for tournaments rose 14% to €1.7bn.
The figures show that online betting revenues from regulated operators did not slow down in 2015, despite no major football tournament such as the 2014 World Cup taking place.
Betting stakes rose 30% during 2015, reaching €1.44bn, while stakes placed in the fourth quarter of the year beat all previous records and reached €452m, the highest volume since the market regulated in 2010.
The rise in betting volumes is a result of an 8% rise in the number of weekly active punters to 200,000 and an increase of 1.8 points in the pay out ratio to 81.3%, which led to French punters betting more.
Gross profits were up 19% for betting operators to €270m on 2014’s figure of €227m. However, with operators’ taxes based on stakes the level of taxation works out at 46% of gross profits and net profits for online betting, the actual amount operators are left with and from which they pay their running costs, rose just 6% in 2015.
French-licensed betting operators recorded losses of €11m in 2014 and it is highly likely that they will continue to be loss-making in 2015.
In terms of market share, new entrant Winamax, which diversified by launching a betting site in May 2014 and Unibet have been highly aggressive in going after French players.
Stakes for horse racing pari mutuel were down 2% to €1bn, their lowest level since 2010, while online poker cash game stakes saw a further drop of 14% to €3.7bn although entry fees for tournaments rose 14% to €1.7bn.
September 08, 2015
Unibet looking for new startups in Israel
Newspapers in Israel are reporting that European online casino operator Unibet is flying to Israel to possibly invest in new startups in the country. Senior exectuives from Unibet are expected to fly in this week to hold an event on Thursday where they will meet local entrepreneurs and consider investing in new technologies focussing on games of chance in the online world.
The event will see some 20 young companies pitching for twenty minutes each in the hope of securing funding from the online gaming firm currently valued at $18.7 billion.
Unibet is in the market for new companies and acquisitions as they bought Stan James in July and more recently in August purchased iGame Holding for $65 million.
The event will see some 20 young companies pitching for twenty minutes each in the hope of securing funding from the online gaming firm currently valued at $18.7 billion.
Unibet is in the market for new companies and acquisitions as they bought Stan James in July and more recently in August purchased iGame Holding for $65 million.
July 10, 2015
Unibet Acquires Stan James Online
Unibet Group plc has today signed an agreement to acquire the online gambling business of Stan James Group plc together with full rights and ownership of the brand. The transaction does not include the UK shops business operated under the Stan James brand, which for a transitional period has been granted rights to the brand. Stan James is one of the most well respected online gambling operators in the locally regulated UK market offering online sports betting, casino and poker through its web site www.stanjames.com.
The transaction is subject to regulatory approvals and is expected to complete in the second half of the third quarter 2015.
The transaction will significantly strengthen Unibet’s position in the large UK online market which is estimated to be worth around GBP 2.7 billion in 2015 according to H2 Gambling Capital and thus is one of the largest on-line markets globally that has already re-regulated with attractive terms and conditions. The acquisition price of GBP 19 million is payable fully in cash and will be adjusted for customer liabilities that Unibet will take over on completion.
Stan James has approximately 150 employees based in Gibraltar. In line with standard EU rules on the acquisition of a business, the employees will transfer their employment to Unibet.
In the five month period to 31 May 2015, the GWR of Stan James online business was GBP 10.5 million and the EBITDA, after charging UK point of consumption tax, was GBP 1.4 million. On an annualised basis the acquisition multiple is therefore around 6 times 2015 EBITDA, without taking account of any future synergies from the transaction. Such synergies can consist of more effective marketing and economies of scale associated with third-party procurement of products. For the second quarter of 2015, the number of quarterly active customers amounted to 84,266.
“We have long been looking at strengthening our position in the UK online market. Stan James as an operator is one of the most well-respected in the UK market with particular strengths in horse-racing and other British sports. Stan James has had a long presence in the British market where there are few companies of this size available for acquisition. Since Unibet has only recently targeted the UK market there is little overlap between our respective businesses. Over time we see a significant potential to increase the breadth of the Stan James product range, such as live streaming, casino and improving the mobile offering,” says Henrik Tjärnström, CEO Unibet.
Denis Kelly, CEO of Stan James Online says, “We are delighted to join the wider Unibet group. There is a substantial market opportunity in the UK following the re-regulation. Through the combination of Unibet’s expertise in marketing and financial strength, together with Stan James’ high quality sports and racing betting offering aimed at the UK market, I am confident that we can increase substantially the combined Group’s market share in the UK. I would also like to take this opportunity to thank the shareholders of Stan James for their strong support of the business.”
The transaction is subject to regulatory approvals and is expected to complete in the second half of the third quarter 2015.
The transaction will significantly strengthen Unibet’s position in the large UK online market which is estimated to be worth around GBP 2.7 billion in 2015 according to H2 Gambling Capital and thus is one of the largest on-line markets globally that has already re-regulated with attractive terms and conditions. The acquisition price of GBP 19 million is payable fully in cash and will be adjusted for customer liabilities that Unibet will take over on completion.
Stan James has approximately 150 employees based in Gibraltar. In line with standard EU rules on the acquisition of a business, the employees will transfer their employment to Unibet.
In the five month period to 31 May 2015, the GWR of Stan James online business was GBP 10.5 million and the EBITDA, after charging UK point of consumption tax, was GBP 1.4 million. On an annualised basis the acquisition multiple is therefore around 6 times 2015 EBITDA, without taking account of any future synergies from the transaction. Such synergies can consist of more effective marketing and economies of scale associated with third-party procurement of products. For the second quarter of 2015, the number of quarterly active customers amounted to 84,266.
“We have long been looking at strengthening our position in the UK online market. Stan James as an operator is one of the most well-respected in the UK market with particular strengths in horse-racing and other British sports. Stan James has had a long presence in the British market where there are few companies of this size available for acquisition. Since Unibet has only recently targeted the UK market there is little overlap between our respective businesses. Over time we see a significant potential to increase the breadth of the Stan James product range, such as live streaming, casino and improving the mobile offering,” says Henrik Tjärnström, CEO Unibet.
Denis Kelly, CEO of Stan James Online says, “We are delighted to join the wider Unibet group. There is a substantial market opportunity in the UK following the re-regulation. Through the combination of Unibet’s expertise in marketing and financial strength, together with Stan James’ high quality sports and racing betting offering aimed at the UK market, I am confident that we can increase substantially the combined Group’s market share in the UK. I would also like to take this opportunity to thank the shareholders of Stan James for their strong support of the business.”
February 11, 2015
Unibet results hit by currency conversion
Swedish operator Unibet has been hit by the exchange rate fluctuations across Europe, meaning that the company’s Q4 results are much flatter than its performance suggested.
As it is listed on the London Stock Exchange, Unibet declares in pounds sterling, with gross winning revenues of £78.0m for the quarter, only slightly up on the £74.4m generated in Q4-2013. However in Swedish Krona, gross winnings was SEK917.4m compared to SEK784.8m in Q4-2013.
Henrik Tjärnström, CEO of Unibet, explained: “Compared with the fourth quarter 2013 this quarter is significantly influenced by exchange rate movements on Unibet’s main currencies. If the average exchange rates for the fourth quarter 2013 were applied to this quarter, gross winnings revenue would be approximately £84.5m. Excluding the effects of exchange rate movements and excluding Kambi’s contribution the underlying growth in gross winnings revenue was 16 per cent compared to the fourth quarter 2013.
“In spite of a sports betting margin below the long term average, Unibet’s markets continue to show strong growth and profitability. Also our mobile offering continues to grow and is now over 43 per cent of the gross winnings revenue.”
The total number of registered customers has continued to increase and exceeded 9.7 (8.6) million at 31 December 2014, whilst at 30 September 2014, over 9.5 million customers were registered. For the fourth quarter of 2014 the number of active customers amounted to 570,360 (516,799) compared with 573,074 for the third quarter of 2014.
The gross margin for pre-game sports betting before Free Bets for the fourth quarter of 2014 was 11.0 (12.4) per cent. The gross margin for total sports betting for the fourth quarter of 2014 before Free Bets was 7.8 (8.3) per cent. The gross margin for total sports betting for the fourth quarter of 2014 after Free Bets was 6.7 (7.4) per cent.
Tjärnström added that performance has been good since the turn of the year: “In the first five weeks of the first quarter average daily gross winnings revenue has increased by approximately 5 per cent in GBP and approximately 16 per cent in local currencies over the same period in 2014.”
As it is listed on the London Stock Exchange, Unibet declares in pounds sterling, with gross winning revenues of £78.0m for the quarter, only slightly up on the £74.4m generated in Q4-2013. However in Swedish Krona, gross winnings was SEK917.4m compared to SEK784.8m in Q4-2013.
Henrik Tjärnström, CEO of Unibet, explained: “Compared with the fourth quarter 2013 this quarter is significantly influenced by exchange rate movements on Unibet’s main currencies. If the average exchange rates for the fourth quarter 2013 were applied to this quarter, gross winnings revenue would be approximately £84.5m. Excluding the effects of exchange rate movements and excluding Kambi’s contribution the underlying growth in gross winnings revenue was 16 per cent compared to the fourth quarter 2013.
“In spite of a sports betting margin below the long term average, Unibet’s markets continue to show strong growth and profitability. Also our mobile offering continues to grow and is now over 43 per cent of the gross winnings revenue.”
The total number of registered customers has continued to increase and exceeded 9.7 (8.6) million at 31 December 2014, whilst at 30 September 2014, over 9.5 million customers were registered. For the fourth quarter of 2014 the number of active customers amounted to 570,360 (516,799) compared with 573,074 for the third quarter of 2014.
The gross margin for pre-game sports betting before Free Bets for the fourth quarter of 2014 was 11.0 (12.4) per cent. The gross margin for total sports betting for the fourth quarter of 2014 before Free Bets was 7.8 (8.3) per cent. The gross margin for total sports betting for the fourth quarter of 2014 after Free Bets was 6.7 (7.4) per cent.
Tjärnström added that performance has been good since the turn of the year: “In the first five weeks of the first quarter average daily gross winnings revenue has increased by approximately 5 per cent in GBP and approximately 16 per cent in local currencies over the same period in 2014.”
January 06, 2015
Unibet acquires Bingo.com
Unibet completed the acquisition of Bingo.com domain and its related European operations and customer base.
Unibet acquires Bingo.com; NYX Gaming launches Sit & Go tournamentsThe $8 million total value deal will see Unibet to pay Bingo.com $2 million in cash for its brand and operations.
Bingo.com Ltd will further gain a redemption of Unibet Plc shares in the company, which are valued at $6 million and will also change operating name to Shoal Games Ltd.
Jason Williams, Bingo.com Ltd CEO, stated that the company would solely focus on the development of its social gambling products.
“The online gambling industry as a whole is experiencing conditions of maturity where smaller firms are finding it increasingly difficult to compete. Bingo.com’s European gambling business, built with the www.bingo.com brand and URL, has therefore found it difficult to compete effectively with larger operators.” Williams said. “In response to these facts, the Bingo.com management team decided it was in the best interests of the Company to sell the online gambling business; the associated brand and URL and determined the offer negotiated with Unibet, the company’s own online gambling partner and technology provider, was fair and the best offer available to the company for those assets.”
Unibet acquires Bingo.com; NYX Gaming launches Sit & Go tournamentsThe $8 million total value deal will see Unibet to pay Bingo.com $2 million in cash for its brand and operations.
Bingo.com Ltd will further gain a redemption of Unibet Plc shares in the company, which are valued at $6 million and will also change operating name to Shoal Games Ltd.
Jason Williams, Bingo.com Ltd CEO, stated that the company would solely focus on the development of its social gambling products.
“The online gambling industry as a whole is experiencing conditions of maturity where smaller firms are finding it increasingly difficult to compete. Bingo.com’s European gambling business, built with the www.bingo.com brand and URL, has therefore found it difficult to compete effectively with larger operators.” Williams said. “In response to these facts, the Bingo.com management team decided it was in the best interests of the Company to sell the online gambling business; the associated brand and URL and determined the offer negotiated with Unibet, the company’s own online gambling partner and technology provider, was fair and the best offer available to the company for those assets.”
October 23, 2014
Playtech has record Q3
Online gambling technology provider Playtech says its third quarter was a record breaker, putting the company on track to exceed current market expectations for full-year results. The company issued a Q3 trading update on Wednesday, showing a 28.6% year-on-year rise in revenue to €116.5m. The good times have continued into the first three weeks of Q4, with average daily revenue up 22% over the same period last year and up 2% sequentially.
Playtech’s mainstay casino vertical continued to earn the lion’s share of company revenue, rising 33% to €62.4m, while services revenue rose 19.3% to €34m. In fact, every vertical besides ‘other’ was in positive territory, but ‘other’ at least had the decency to remain flat at €1.6m. Sports betting posted the most dramatic gain, rising nearly 109% to €7.1m, thanks in part to the launch of an online sportbook for Italian media outlet Gazzetta dello Sport. Bingo rose 9.5% to €4.6m, land-based gambling rose 20.7% to €3.5m and even poker managed to improve 3.1% to €3.3m (although this was down 8.3% sequentially).
Playtech’s eastward shift continued in Q3, with Asia’s share of company revenue rising two points to 36% from Q2, while Europe and the rest of the world shed a point apiece to 56% and 8% respectively.
Playtech CEO Mor Weizer touted the number of deals the company inked in the quarter as evidence that the party is only getting started. Weizer noted that three licensees had shifted their UK-facing business to Playtech’s white label structure, “demonstrating the financial and operational benefits that can be achieved by using our turnkey offering.”
Weizer said Playtech would have big news sometime in H1 2015 regarding a major acquisition that would take the company “to the next level”. Weizer suggested the financial pressures about to be brought on UK-facing operators by regulatory changes would “put them in the right position to do a deal.” Playtech has been sitting on a massive cash pile for over a year after its former William Hill Online joint venture partner cut a check to acquire Playtech’s stake.
In even more good news, Playtech has triumphed in a French court case in which it had been accused of thieving the intellectual property of French online poker market leader Winamax. In August, Winamax had sued Playtech and several of its licensees over Playtech’s Twister sit n’ go game format, which Winamax believed infringed on its own Expresso three-handed ‘hyper-turbo’ lottery-style poker product. But earlier this month, the court rejected this argument, saying Expresso was “neither innovative nor original” and ordered Winamax to pay Playtech, Betclic Everest and Unibet €3k apiece.
Playtech’s mainstay casino vertical continued to earn the lion’s share of company revenue, rising 33% to €62.4m, while services revenue rose 19.3% to €34m. In fact, every vertical besides ‘other’ was in positive territory, but ‘other’ at least had the decency to remain flat at €1.6m. Sports betting posted the most dramatic gain, rising nearly 109% to €7.1m, thanks in part to the launch of an online sportbook for Italian media outlet Gazzetta dello Sport. Bingo rose 9.5% to €4.6m, land-based gambling rose 20.7% to €3.5m and even poker managed to improve 3.1% to €3.3m (although this was down 8.3% sequentially).
Playtech’s eastward shift continued in Q3, with Asia’s share of company revenue rising two points to 36% from Q2, while Europe and the rest of the world shed a point apiece to 56% and 8% respectively.
Playtech CEO Mor Weizer touted the number of deals the company inked in the quarter as evidence that the party is only getting started. Weizer noted that three licensees had shifted their UK-facing business to Playtech’s white label structure, “demonstrating the financial and operational benefits that can be achieved by using our turnkey offering.”
Weizer said Playtech would have big news sometime in H1 2015 regarding a major acquisition that would take the company “to the next level”. Weizer suggested the financial pressures about to be brought on UK-facing operators by regulatory changes would “put them in the right position to do a deal.” Playtech has been sitting on a massive cash pile for over a year after its former William Hill Online joint venture partner cut a check to acquire Playtech’s stake.
In even more good news, Playtech has triumphed in a French court case in which it had been accused of thieving the intellectual property of French online poker market leader Winamax. In August, Winamax had sued Playtech and several of its licensees over Playtech’s Twister sit n’ go game format, which Winamax believed infringed on its own Expresso three-handed ‘hyper-turbo’ lottery-style poker product. But earlier this month, the court rejected this argument, saying Expresso was “neither innovative nor original” and ordered Winamax to pay Playtech, Betclic Everest and Unibet €3k apiece.
October 13, 2014
Unibet adds UK Twitter age verification monitor
Unibet are the latest sports betting operator to strengthen its player protection initiatives by launching an age verification monitor to its English language Twitter feed.
The European sports betting operator announced that its English Twitter followers would be required to enter their date of birth in order to follow the operators Twitter feed, latest news and player promotions.
Unibet management have followed the same player protection initiatives undertaken by UK operators William Hill and Gala Coral, who in September announced that age verification monitors would be implemented throughout their social media channels.
At present Unibet has over 19,000 Twitter followers on its English language twitter account. The operator has launched the new Twitter initiative to coincide with upcoming changes to UK online gambling laws, as Unibet Plc aims to promote responsible gaming and player safety measures throughout its betting operations.
Unibet management confirmed the operator will monitor engagement on social media channels to ensure that the operator does not engage and communicate with underage users.
The European sports betting operator announced that its English Twitter followers would be required to enter their date of birth in order to follow the operators Twitter feed, latest news and player promotions.
Unibet management have followed the same player protection initiatives undertaken by UK operators William Hill and Gala Coral, who in September announced that age verification monitors would be implemented throughout their social media channels.
At present Unibet has over 19,000 Twitter followers on its English language twitter account. The operator has launched the new Twitter initiative to coincide with upcoming changes to UK online gambling laws, as Unibet Plc aims to promote responsible gaming and player safety measures throughout its betting operations.
Unibet management confirmed the operator will monitor engagement on social media channels to ensure that the operator does not engage and communicate with underage users.
April 14, 2014
Unibet strengthens horseracing ties
Sportsbook Unibet is putting further investment behind racing by becoming ARC’s official starting stall sponsor for 2014. The new sponsorship will see Unibet branded starting stalls at ARC’s portfolio of racecourses across the length and breadth of the country. In addition, over 90 stall handlers will also wear Unibet branded clothing throughout the year. This sponsorship will run alongside Unibet’s freshly announced official betting and gaming partnership with Royal Windsor Racecourse.
This significant sponsorship will see Unibet’s eye catching logo’s prominently displayed on front and rear of the starting stalls at Royal Windsor, Wolverhampton, Lingfield, Ffos Las, Bath, Yarmouth, Newcastle, Brighton, Chepstow and Southwell throughout the flat season.
Unibet announced last week that it was embarking on a programme of horse racing associations and marketing initiatives in the coming months, and less than a week into the flat season the Wimbledon based company has announced sponsorships at Chepstow, Royal Windsor and this new starting stall initiative.
Ed Nicholson, Head of Unibet’s UK Marketing Operations, said: “This sponsorship is an extremely simple but effective way of informing those who like to bet on horse racing that Unibet now offers a fully comprehensive horse racing offering.
“Unibet’s sole racing product aim in 2014 is to ensure that those who like to bet on horse racing are aware that Unibet have launched a new racing odds line and have a comprehensive product that matches and exceeds our competitors offering. We would like this group to consider opening an account with us, and then to enjoy placing their horse racing bets with us on a regular basis.”
ARC’s Jo Mapletoft, Group Sponsorship Manager said: “ARC is delighted to be working with Unibet to develop its racing proposition. The exposure and reach that Unibet will gain through the brand being seen on Sky Sports At The Races and from the thousands of visitors at the ARC courses will be sure to gain positive results.”
This significant sponsorship will see Unibet’s eye catching logo’s prominently displayed on front and rear of the starting stalls at Royal Windsor, Wolverhampton, Lingfield, Ffos Las, Bath, Yarmouth, Newcastle, Brighton, Chepstow and Southwell throughout the flat season.
Unibet announced last week that it was embarking on a programme of horse racing associations and marketing initiatives in the coming months, and less than a week into the flat season the Wimbledon based company has announced sponsorships at Chepstow, Royal Windsor and this new starting stall initiative.
Ed Nicholson, Head of Unibet’s UK Marketing Operations, said: “This sponsorship is an extremely simple but effective way of informing those who like to bet on horse racing that Unibet now offers a fully comprehensive horse racing offering.
“Unibet’s sole racing product aim in 2014 is to ensure that those who like to bet on horse racing are aware that Unibet have launched a new racing odds line and have a comprehensive product that matches and exceeds our competitors offering. We would like this group to consider opening an account with us, and then to enjoy placing their horse racing bets with us on a regular basis.”
ARC’s Jo Mapletoft, Group Sponsorship Manager said: “ARC is delighted to be working with Unibet to develop its racing proposition. The exposure and reach that Unibet will gain through the brand being seen on Sky Sports At The Races and from the thousands of visitors at the ARC courses will be sure to gain positive results.”
March 27, 2014
Russia blocks online gambling firms
Russian authorities have made Internet Service Providers (ISP) in the country block online poker websites from offering their services to Russian players.
Although it was back in late 2012 that the Russian government said that ISPs should block online gambling sites it was mainly online casino sites that were blocked and not online poker, now with the latest move many in the online poker industry both players and companies are concerned about the latest developments, with Russian players making up a large portion of the online sectors players.
The Deputy Head Maxim Ksenzov said that the blocking of the online sites has occurred at the request of the prosecutor’s office based on these court decisions in 2012, why they have only just decided to get round to it now is not clear.
Of the big online operators that have now been affected they are Ladbrokes, Sportingbet, PokerStars, Betway and Unibet among many others.
PokerStars released a message to all players that had concerns about the latest blocking by Russia saying that their deposits were safe and can be withdrawn as normal, as well as saying that the company will continue to offer online poker to Russian players along with operating under several licenses issued to PokerStars in various jurisdictions and that they always abide by all relevant laws and regulations.
How if any way PokerStars and the other online operators will overcome the latest attempt by Russia to block their services is unclear at present and will continue to cover this story on any future developments.
December 03, 2013
Unibet targets casual players with move to standalone poker network
Swedish online gaming operator Unibet has announced plans to move to a standalone online poker product early next year, which has been developed exclusively for its Unibet and Maria brands by Estonian based supplier Relax Gaming.
The company said that it decided on the move as the “next step in developing their customer experience.”
The software is being developed exclusively for the Unibet and Maria brands by supplier Relax Gaming. In connection with this, Unibet is also investing €1.25m for a share in the company.
Unibet said that it has been closely involved in key functionality and design to cater for its new poker strategy.
“The environment in the online poker industry has changed over the years and we have come to the insight that being part of a poker network is not sustainable for Unibet in the long term,” said Unibet’s head of gaming Daniel Eskola. “This project has given us the possibility to start from a blank piece of paper and define everything we believe is important for a fun poker experience.
“In a way, our goal is to bring the fun back to poker by creating software with a clear focus on the casual player.”
Unibet and Maria will be the sole operators offering the new product after previously being part of a network of multiple operators through the Microgaming Poker Network.
”Our relationship with Microgaming remains strong, and we are continuing to offer Quickfire games in our casino,” added Eskola.
In its most recent results for the third quarter of 2013, online poker was the only product to post a year-on-year decline with gross winnings revenue falling 26 per cent to £2.5m. The product accounted for just 4 per cent of the company’s total revenue during the quarter.
Unibet said that the new software will include a user friendly table selection, rich 3D backgrounds, the ability to change avatar and screen name, as well as gameplay features such as achievements and missions.
Unibet Poker will be available for PC and Mac download, browser, and tablet versions for both iOS and Android.
The company said that it decided on the move as the “next step in developing their customer experience.”
The software is being developed exclusively for the Unibet and Maria brands by supplier Relax Gaming. In connection with this, Unibet is also investing €1.25m for a share in the company.
Unibet said that it has been closely involved in key functionality and design to cater for its new poker strategy.
“The environment in the online poker industry has changed over the years and we have come to the insight that being part of a poker network is not sustainable for Unibet in the long term,” said Unibet’s head of gaming Daniel Eskola. “This project has given us the possibility to start from a blank piece of paper and define everything we believe is important for a fun poker experience.
“In a way, our goal is to bring the fun back to poker by creating software with a clear focus on the casual player.”
Unibet and Maria will be the sole operators offering the new product after previously being part of a network of multiple operators through the Microgaming Poker Network.
”Our relationship with Microgaming remains strong, and we are continuing to offer Quickfire games in our casino,” added Eskola.
In its most recent results for the third quarter of 2013, online poker was the only product to post a year-on-year decline with gross winnings revenue falling 26 per cent to £2.5m. The product accounted for just 4 per cent of the company’s total revenue during the quarter.
Unibet said that the new software will include a user friendly table selection, rich 3D backgrounds, the ability to change avatar and screen name, as well as gameplay features such as achievements and missions.
Unibet Poker will be available for PC and Mac download, browser, and tablet versions for both iOS and Android.
November 05, 2013
Unibet post impressive results
Unibet the Swedish online gambling operator has announced impressive results for the nine-month period January 1 to September 30, 2013, with net profits almost tripling and mobile revenues soaring. Here are the main points from Unibet:
· Gross winnings revenue amounted to GBP 56.1 (43.8) million for the third quarter of 2013 and GBP 169.5 (140.3) million for the period January to September 2013.
· Profit from operations for the third quarter 2013 amounted to GBP 9.2 (4.5) million and GBP 29.0 (22.6) million for the period January to September 2013.
· Profit before tax for the third quarter of 2013 amounted to GBP 9.2 (4.0) million and GBP 27.9 (22.1) million for the period January to September 2013.
· Profit after tax for the third quarter of 2013 amounted to GBP 8.2 (3.4) million and GBP 25.4 (19.8) million for the period January to September 2013.
· Earnings per share for the third quarter of 2013 were GBP 0.292 (0.120) and GBP 0.908 (0.710) for the period January to September 2013.
· Operating cash flow before movements in working capital amounted to GBP 14.2 (8.7) million for the third quarter 2013 and GBP 43.4 (34.2) million for the period January to September 2013.
· Number of active customers at the end of the quarter was 453,753 (382,378).
“28 per cent organic growth”
“Unibet delivered 28 per cent year on year growth in gross winnings revenue in the third quarter (22 per cent excluding the impact of exchange rate changes). This was achieved despite the excellent summer weather in many of our key markets and high numbers of favourites winning. The growth was wholly organic and demonstrates continued increases in market share.”
“It is also satisfying to report that underlying EBITDA for the third quarter increased in line with the growth in revenues, demonstrating improved scalability despite the significant investments Unibet has made in information mining, local regulation and in Kambi.”
“Unibet’s mobile offering continued to develop and mobile revenues represented 23 per cent of gross winnings revenue for the third quarter 2013 compared to 8 per cent for the same period last year. This proportion is significantly higher in certain key markets.”
“In the period up to 3 November, average daily gross winnings revenue has increased by over 21 per cent compared to the third quarter 2013”, says Henrik Tjärnström, CEO of Unibet.
· Gross winnings revenue amounted to GBP 56.1 (43.8) million for the third quarter of 2013 and GBP 169.5 (140.3) million for the period January to September 2013.
· Profit from operations for the third quarter 2013 amounted to GBP 9.2 (4.5) million and GBP 29.0 (22.6) million for the period January to September 2013.
· Profit before tax for the third quarter of 2013 amounted to GBP 9.2 (4.0) million and GBP 27.9 (22.1) million for the period January to September 2013.
· Profit after tax for the third quarter of 2013 amounted to GBP 8.2 (3.4) million and GBP 25.4 (19.8) million for the period January to September 2013.
· Earnings per share for the third quarter of 2013 were GBP 0.292 (0.120) and GBP 0.908 (0.710) for the period January to September 2013.
· Operating cash flow before movements in working capital amounted to GBP 14.2 (8.7) million for the third quarter 2013 and GBP 43.4 (34.2) million for the period January to September 2013.
· Number of active customers at the end of the quarter was 453,753 (382,378).
“28 per cent organic growth”
“Unibet delivered 28 per cent year on year growth in gross winnings revenue in the third quarter (22 per cent excluding the impact of exchange rate changes). This was achieved despite the excellent summer weather in many of our key markets and high numbers of favourites winning. The growth was wholly organic and demonstrates continued increases in market share.”
“It is also satisfying to report that underlying EBITDA for the third quarter increased in line with the growth in revenues, demonstrating improved scalability despite the significant investments Unibet has made in information mining, local regulation and in Kambi.”
“Unibet’s mobile offering continued to develop and mobile revenues represented 23 per cent of gross winnings revenue for the third quarter 2013 compared to 8 per cent for the same period last year. This proportion is significantly higher in certain key markets.”
“In the period up to 3 November, average daily gross winnings revenue has increased by over 21 per cent compared to the third quarter 2013”, says Henrik Tjärnström, CEO of Unibet.
June 24, 2013
Belgium, Bulgaria add names to online gambling blacklists
The itchy trigger fingers of the Belgian Gaming Commission (BGC) have added five new names to its online gambling blacklist, including Gibraltar-licensed BetVictor, whose CEO Michael Carlton co-authored a public letter last November expressing his disdain for Belgium’s protectionist online gambling stance. The BGC also blackballed two UK-registered firms – Casino GrandLuxe and MonaCasino – as well as two Curaçao-licensed outfits, City Club Casino and RoyalCasino. The additions bring the BGC’s naughty list to a total of 74 enemies of the state.
That’s 54 more names than on the first blacklist drawn up by the Bulgarian State Gambling Commission. Among the 20 names thus tarred and feathered are the familiar faces of 888, Bet365, Betfair, Befred, Ladbrokes, Sportingbet and Unibet. Bulgaria first announced plans to IP-block unlicensed gambling sites last year, with the digital firewall scheduled to go up this March. The move was supposed to precede the introduction of a regulated online gambling regime, but while the necessary legislation has been published, it has yet to be officially enacted.
In less punitive regulatory news, the Isle of Man Gambling Supervision Commission has inked an info-sharing agreement with the Estonian Tax and Customs Board, which regulates gambling and lottery activity in the Baltic country. The goal of the agreement is to improve regulatory standards in both online and land-based gaming sectors to better protect consumers and to create efficiencies for businesses.
Not to be outdone, the Alderney Gambling Control Commission (AGCC) has teamed up with Spectrum Gaming Group to help regulatory agencies craft online gambling regulations. Andre Wilsenach, exec director of the AGCC, says the new Alderney Spectrum eGaming Advisors (ASeGA) will provide “an opportunity to progress common best practice standards of operation.” Spectrum Gaming managing director Michael Pollock called the joint venture a “perfect fit between an experienced, respected regulatory agency and a private firm that already serves tribal, state and national governments around the world.” ASeGA will also provide due-diligence and background investigations to determine a licensee’s suitability to operate in a given jurisdiction.
That’s 54 more names than on the first blacklist drawn up by the Bulgarian State Gambling Commission. Among the 20 names thus tarred and feathered are the familiar faces of 888, Bet365, Betfair, Befred, Ladbrokes, Sportingbet and Unibet. Bulgaria first announced plans to IP-block unlicensed gambling sites last year, with the digital firewall scheduled to go up this March. The move was supposed to precede the introduction of a regulated online gambling regime, but while the necessary legislation has been published, it has yet to be officially enacted.
In less punitive regulatory news, the Isle of Man Gambling Supervision Commission has inked an info-sharing agreement with the Estonian Tax and Customs Board, which regulates gambling and lottery activity in the Baltic country. The goal of the agreement is to improve regulatory standards in both online and land-based gaming sectors to better protect consumers and to create efficiencies for businesses.
Not to be outdone, the Alderney Gambling Control Commission (AGCC) has teamed up with Spectrum Gaming Group to help regulatory agencies craft online gambling regulations. Andre Wilsenach, exec director of the AGCC, says the new Alderney Spectrum eGaming Advisors (ASeGA) will provide “an opportunity to progress common best practice standards of operation.” Spectrum Gaming managing director Michael Pollock called the joint venture a “perfect fit between an experienced, respected regulatory agency and a private firm that already serves tribal, state and national governments around the world.” ASeGA will also provide due-diligence and background investigations to determine a licensee’s suitability to operate in a given jurisdiction.
July 19, 2012
Scandinavian bookmaker Unibet acquired Bet24
The Scandinavian bookmaker Unibet has acquired Bet24 for €13.5 million. The main purpose of this agreement is to increase revenue of the poker room, which experienced a decline in profits.
Bet24 sportsbook announced a net profit of €10.5 million last year, so this acquisition of Unibet can pay off as early as next year. Before, Bet24 had been run by the company Modern Times Group, which belongs to the well-known concern Nordic Betting. The deal is to be concluded in the second quarter of this year, after the full payment of money. The new owner of Bet24 announced that it would not change the name of the company which would operate on the Danish market under this name.
The former owner of Bet24 stated that the acquisition was a strategy for further development, and would also be a more attractive platform for Bet24 customers, given the fact that Unibet is one of the largest and most prestigious bookmakers in Europe.
Bet24 sportsbook announced a net profit of €10.5 million last year, so this acquisition of Unibet can pay off as early as next year. Before, Bet24 had been run by the company Modern Times Group, which belongs to the well-known concern Nordic Betting. The deal is to be concluded in the second quarter of this year, after the full payment of money. The new owner of Bet24 announced that it would not change the name of the company which would operate on the Danish market under this name.
The former owner of Bet24 stated that the acquisition was a strategy for further development, and would also be a more attractive platform for Bet24 customers, given the fact that Unibet is one of the largest and most prestigious bookmakers in Europe.
June 14, 2012
Kambi signs contract with Egasa Group
Kambi Sports Solutions, Unibet’s B2B provider of sports betting services, has signed a contract with Egasa Group, Spain’s third largest Gaming Group, to deliver a complete sports betting service. Egasa is the second Spanish full sportsbook operator Kambi has signed recently.
The service includes odds compilation, risk management, customer profiling and a technical platform. The contract is initially for two years and gives Kambi exclusivity to develop Egasa’s sports offer online and on mobile in Spain and other Spanish speaking countries in Latin America.
The launch is expected after the Spanish re-regulated market opens.
Egasa, which has more than 30 years of experience in the gaming industry, is the third largest gaming group in Spain and has a leading position in Spain where it operates 76 gaming establishments and more than 7.500 points of sale.
Egasa also operates Casino venues in Croatia, Chile, and Colombia and will start operations in Mexico and Peru before the end of 2012.
“I have followed Kambi and their competitors for several years and I am confident that we have signed an agreement with the best B2B Sportsbook supplier you can find on the market. With the ambitions Kambi and Egasa have, we will be one of the leaders across all channels in the Spanish betting market”, says Carlos Lopez, General Director for Egasa,
“We are happy to welcome Egasa as client. Egasa has high ambitions for their gaming business and we are proud to be a part of those ambitions.” says Kristian Nylén, CEO Kambi.
The service includes odds compilation, risk management, customer profiling and a technical platform. The contract is initially for two years and gives Kambi exclusivity to develop Egasa’s sports offer online and on mobile in Spain and other Spanish speaking countries in Latin America.
The launch is expected after the Spanish re-regulated market opens.
Egasa, which has more than 30 years of experience in the gaming industry, is the third largest gaming group in Spain and has a leading position in Spain where it operates 76 gaming establishments and more than 7.500 points of sale.
Egasa also operates Casino venues in Croatia, Chile, and Colombia and will start operations in Mexico and Peru before the end of 2012.
“I have followed Kambi and their competitors for several years and I am confident that we have signed an agreement with the best B2B Sportsbook supplier you can find on the market. With the ambitions Kambi and Egasa have, we will be one of the leaders across all channels in the Spanish betting market”, says Carlos Lopez, General Director for Egasa,
“We are happy to welcome Egasa as client. Egasa has high ambitions for their gaming business and we are proud to be a part of those ambitions.” says Kristian Nylén, CEO Kambi.
May 16, 2012
Spain’s Acrismatic selects Kambi for online sports betting
Unibet’s business-to-business division, Kambi Sports Solutions, has been selected by Spanish casino group Acrismatic to deliver an online sports betting solution for the newly regulated Spanish market.
The two-year agreement will see Kambi provide a technical platform to Grupo Acrismatic together with odds compilation, risk management and customer profiling services for web, mobile and retail channels.
According to Kambi, the service is expected to launch before the start of the new Spanish football season in late August.
“It is excellent news for us that, in competition with other suppliers, we have been selected as a supplier to one of Spain's leading casino groups,” said Kambi CEO Kristian Nylén. “By using Kambi’s sportsbook solution, Acrismatic will be perfectly positioned to compete profitably and successfully in the re-regulated Spanish sports betting market.”
Grupo Acrismatic owns and operates a number of casinos on the Mediterranean coast as well as 2,600 points of sale in the autonomous community of Valencia.
Shares in Unibet Group plc (Co. Data) (OMX:UNIB) gained 2.93 per cent in Stockholm Tuesday to close at SEK193.50 per share, close to their 52-week high of SEK200.00 per share set on May 9th.
The two-year agreement will see Kambi provide a technical platform to Grupo Acrismatic together with odds compilation, risk management and customer profiling services for web, mobile and retail channels.
According to Kambi, the service is expected to launch before the start of the new Spanish football season in late August.
“It is excellent news for us that, in competition with other suppliers, we have been selected as a supplier to one of Spain's leading casino groups,” said Kambi CEO Kristian Nylén. “By using Kambi’s sportsbook solution, Acrismatic will be perfectly positioned to compete profitably and successfully in the re-regulated Spanish sports betting market.”
Grupo Acrismatic owns and operates a number of casinos on the Mediterranean coast as well as 2,600 points of sale in the autonomous community of Valencia.
Shares in Unibet Group plc (Co. Data) (OMX:UNIB) gained 2.93 per cent in Stockholm Tuesday to close at SEK193.50 per share, close to their 52-week high of SEK200.00 per share set on May 9th.
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