Zynga details $250m mobile gaming acquisition

first_img Zynga has acquired privately held mobile games developer Gram Games for $250m (€214m). The deal includes an initial cash payment and a three-year earn out, based on the team’s achievement of profitability goals that align with Zynga’s own, long-term growth plans. Founded in 2012, Gram Games employs 77 people across its studios in London, England, and Istanbul in Turkey. Gram Games’ titles have collectively been downloaded more than 170 million times by players around the world. Zynga said the deal will increase its global audience by three million mobile daily active users, as well as expand its gaming portfolio by adding in-development Gram Games titles to its schedule for 2019 and beyond. “We’ve been impressed by the unique culture that Gram Games has created, as well as their innovative approach to game making,” Zynga chief executive Frank Gibeau said. “By acquiring Gram Games, we’re expanding our portfolio of live game franchises, while also adding a number of exciting new starts to our pipeline of future games.” Mehmet Ecevit, chief executive of Gram Games, added: “We are proud to join Zynga and combine Gram Games’ unique culture, talented team and hit games with Zynga’s world-class organisation. “We believe deeply in Zynga’s mission to connect the world through games and are excited to work with Frank and the rest of the Zynga team on our next phase of growth.”Related article: Zynga surpasses expectations in first quarter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Zynga has acquired privately held mobile games developer Gram Games for $250m (€214m) Topics: Finance Strategy Tech & innovation Finance Email Addresscenter_img Zynga details $250m mobile gaming acquisition Tags: Mobile Subscribe to the iGaming newsletter 31st May 2018 | By contenteditorlast_img read more

Nektan bolsters expansion plans

first_imgPeople Email Address Jaydeep Chakravartty hired as VP of commercials with a focus on EMEA and Asia Topics: People Nektan bolsters expansion plans Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Online Gambling Regions: Africa Asia Europe North Africa & Middle East Nektan has brought in Jaydeep Chakravartty to help drive the company’s expansion in the EMEA and Asia regions as the B2B and white label gaming software and services provider’s new vice-president of commercials.Chakravartty joins the company from Ingenuity Gaming, where he held the position of commercial director for six years. He also previously worked as a manager at Ladbrokes Retail before becoming operations manager at Ladbrokes eGaming and then business project manager at 32Red.His CV also includes spells at Isle of Man-based Cozy Games and India-based firm Ibibo Group.Chakravartty will be responsible for sales and account management across Nektan’s B2B and White Label divisions, enhancing relationships with partners and suppliers.“With a flourishing White Label division complemented with B2B now delivering significant revenue streams, I’m looking forward to building on Nektan’s recent success and further expanding our international reach,” said Chakravartty, who is attending ICE Africa this week in Johannesburg, South Africa.His arrival comes just days after Nektan signed its biggest B2B deal to date with the tech company to provide its casino platform to BetVictor.Under the agreement, Nektan has integrated its B2B E-Lite casino platform into the BetVictor casino offering. E-Lite will distribute slots and table games content across three major BetVictor casino brands.Nektan confirmed to iGamingBusiness.com that this is the first time it will be working with an operator the size of BetVictor. The company billed the deal as a “landmark win” for its B2B business.Nektan’s interim CEO, Gary Shaw, who will be replaced at the helm by Lucy Buckley on December 3, said: “Jaydeep arrives at an exciting period of growth for the business, following our landmark B2B partnership with leading operator BetVictor.“His proven track record of business development and his extensive knowledge of the online gaming industry will be pivotal as we continue to grow the company.”Chakravartty’s work in Asia will be of particular interest after Nektan cited “rapidly accelerating demand…especially in Asia” after posting a 48.1% increase in net gaming revenue for the 12 months through to June 30 this year.Nektan believes it is benefiting from the continent’s transition to a multi-vendor market for operators from a single-solution outlook.In March, Nektan started offering its B2B gaming platform, Evolve Lite, in Asia for the first time through a partnership with Tyche Digital Malta Limited.At the start of this month, Nektan revealed that it is reviewing offers to invest in its US business. 23rd October 2018 | By contenteditorlast_img read more

Barclays launches gambling transaction blocking service

first_img Barclays has become the first UK high street bank to enable customers to block transactions with gambling companies. Barclays Mobile Banking app users can now block and control spending on gambling websites, retail betting shops, casinos and race tracks, as well as lottery ticket and scratch cards.Developed with the Money Advice Trust and other advisors, the new service allows customers to also block transactions with groceries and supermarkets, restaurants, takeaways, pubs and bars, fuel and premium rate websites and phone lines. The bank said the new feature is designed to give customers greater control over their money, as well as help protect them against fraud and scams. “We work with a range of advisors and partners, as well as consulting with our customers, to identify how our customers’ needs are changing and what works for them,” said Catherine McGrath, Barclays managing director for transaction, insurance and mass market products.“This new control feature is the latest new service that we have introduced in the Barclays Mobile Banking app that aims to give all of our customers a better way to manage their money in a simple, secure and effective way.” Marc Etches, chief executive of the GambleAware, praised the new initiative by Barclays and encouraged other UK banks to follow suit. “There are 340,000 problem gamblers in Britain and a further 1.7m at risk, and initiatives like this can play an important role in helping to reduce gambling-related harms,” he said. “There are no limits to stakes and prizes for online gambling, and credit cards are allowed so it is important to make it easier for people to control their spending.” While Barclays is the first high street bank to launch the service, a number of online-only competitors have already launched similar products. Earlier this year, challenger bank Monzo and digital, mobile-only bank Starling Bank also introduced similar, voluntary schemes to allow their customers to block gambling transactions. Monzo now offers a gambling blocker service, with customers who wish to cancel their voluntary exclusion required to sit through a 48 hour cooling-off period before it is removed. Starling Bank also launched an updated blocker in a effort to add “positive friction” to help customers, should they wish to spend less on gambling. Starling customers have been able to block gambling transactions since the start of June.Image: Money Bright Regions: UK & Ireland Subscribe to the iGaming newsletter Barclays launches gambling transaction blocking service Bank becomes first high street giant to launch service that allows users to block or set limits to gambling spending 11th December 2018 | By contenteditor Topics: Casino & games Lottery Sports betting Tech & innovation Horse racing Tags: Mobile Online Gambling Race Track and Racino Casino & games AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

Rush Street to debut Everi’s RGS platform in New Jersey

first_imgCasino & games Rush Street Interactive (RSI) is to become the first online gambling operator to launch Everi’s Remote Game Server in New Jersey.RSI will roll out the platform via its PlaySugarHouse.com site in the state, with Smokin’ 777 set to be the first game to live this month.In addition, RSI will add four popular Everi titles to its New Jersey online casino. Content scheduled to launch in the coming weeks includes Star Magic, Double Jackpot, Vortex, and Tiger 7.“We are excited for PlaySugarHouse.com to be the first to debut the platform in New Jersey, which enables us to tap into Everi’s expansive library of three-reel mechanical and video multi-line games,” RSI president Richard Schwartz said.“We will be adding Everi titles to PlaySugarHouse.com over the coming weeks, continuing our commitment to bring new games to our online audience.”David Lucchese, executive vice president, digital and interactive business leader at Everi, added: “Since 2017, our social and real-money interactive game themes have held top positions on RSI’s sites and we expect this to continue as we share some of our best performing land-based three-reel mechanical and video multi-line titles for online real-money gambling.”In August of last year, RSI became first operator in the US to launch a combined online sportsbook and casino offering when it introduced its integrated service to the New Jersey market.PlaySugarHouse.com now features more than 500 casino games and live dealer table games, in addition to a full sportsbook service.Image: Famartin Rush Street Interactive (RSI) is to become the first online gaming operator to launch Everi’s Remote Game Server in New Jersey. RSI will roll out the platform via its PlaySugarHouse.com site in the state. Tags: Online Gambling Slot Machines Rush Street to debut Everi’s RGS platform in New Jersey 11th April 2019 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Tech & innovation Slots Regions: US New Jersey Subscribe to the iGaming newsletter Email Addresslast_img read more

Italy iGaming Dashboard – April 2019

first_img Italy iGaming Dashboard – April 2019 Email Address 24th April 2019 | By contenteditor Subscribe to the iGaming newsletter Tags: Card Rooms and Poker Mobile Online Gambling OTB and Betting Shops Slot Machines Topics: Casino & games Finance Sports betting Bingo Poker Slots Italy’s online gaming market has posted declines for both February and March, largely due to fluctuations in the core online casino and sports betting verticals, according to the latest figures from Ficom Leisure. Regions: Europe Southern Europe Italy Bingo AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Italy’s online gaming market has posted declines for both February and March, largely due to fluctuations in the core online casino and sports betting verticals, according to the latest figures from Ficom Leisure.We did not publish an Italian iGaming Dashboard covering February’s figures as a result of the country’s regulator not providing bingo data for the month. As there has been another delay in publishing bingo figures for March, we have decided to provide estimates on the bingo market.These estimates are based on trends seen in previous years, which suggest that the bingo market traditionally declines in February, before returning to growth in March. February’s data is included in the dashboard at the bottom of the page.Italy’s igaming market posted month-on-month declines in revenue for February and March, largely due to fluctuations in the country’s online bingo and sports betting markets.According to figures provided exclusively to iGamingBusiness.com by Ficom Leisure, estimated total market revenue fell to €145.6m in February, a 1.8% decline from January.This was largely the result of a drop in online casino revenue, down 14.6% month-on-month, with growth in online wagering (up 18.9%) mitigating this to some extent. February proved to be a particularly successful month of Italy’s sports betting sector, with total online and retail gross gaming revenue up 28.4% to €160.0m including a €90.9m contribution from retail.Poker reported declines across cash games and tournaments, while February is traditionally a slower month for bingo.However sports betting failed to continue its momentum in March, contributing to total estimated market revenue falling 3.7% to €140.2m. Online sports betting revenue declined following its strong showing in February (down 24.7%), with retail down 40.2% to €54.4m. Sports betting revenue across both channels was down 33.5% to €106.4m.Casino recovered to post an 18.4% increase in revenue to €72.6m, as did poker cash game revenue, though poker tournaments were flat month-on-month. We estimate that bingo revenue for March would have improved slightly on February’s €2.8m estimate, with a mean average growth rate of 6.5% for the month suggesting a total of around €3.0m.All data and figures are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector.Ficom Leisure also provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard, on the Danish market in the Denmark iGaming Dashboard, and on the Portuguese market in the Portugal iGaming Dashboard.last_img read more

Unibet backs new horse racing mental health initiative

first_img Email Address Topics: People Sports betting Horse racing AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 14th August 2019 | By contenteditor Regions: UK & Ireland Kindred Group has made a significant investment in #GoRacingGreen, a new initiative that aims to make horse racing accessible for racegoers that suffer from mental health issues. Kindred Group has made a significant investment in #GoRacingGreen, a new initiative that aims to make horse racing accessible for racegoers that suffer from mental health issues.Through its Unibet brand, Kindred has backed a pilot scheme that will launch at Newbury Racecourse on 17 August, which includes the Unibet Hungerford Stakes race. All attendees are being encouraged to wear something green to show that they are happy for someone to approach and talk to them, or as awareness they might be feeling anxious.The wider project includes conducting training with permanent staff at Newbury to help people with mental health issues ranging from social anxiety to dementia. The pilot day will also see alcohol-free quiet zones set up throughout racecourse.Kindred’s investment in the pilot scheme will allow Debbie Matthews, founder of #GoRacingGreen, to extend the initiative to more racecourses across the UK.“The investment we are announcing today means GoRacingGreen can continue to build on their fantastic work since they started the project earlier this year. Having attended the training session undertaken at Newbury earlier in the week, I saw at first-hand what a fantastic scheme this is,” Kindred’s head of racing communications and sponsorship Ed Nicholson said.“Our partnership with GoRacingGreen shows a new model for sport sponsorship is possible. Kindred is leading the way in becoming a sponsor for a sport and its communities and we are looking forward to piloting the project at Newbury this Saturday.”It comes as the operator looks to reinvent sports sponsorship, by ensuring such agreements have a positive impact on the wider community and location in which the partner operates.Matthews added: “This investment is a fantastic boost for the #GoRacingGreen project, and I am delighted to be working with Kindred through its Unibet brand.“Working in partnership with them, we can now expand the programme and reach many more people with mental health problems across the racing community in the months ahead.”Image: Newbury Stands Unibet backs new horse racing mental health initiative Horse racing Tags: Race Track and Racinolast_img read more

DoJ prepares appeal against Wire Act ruling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Card Rooms and Poker Mobile Online Gambling Subscribe to the iGaming newsletter Email Address 16th August 2019 | By contenteditor Regions: US Topics: Casino & games Legal & compliance Lottery Sports betting Poker The Department of Justice (DoJ) has finally confirmed its intention to appeal the New Hampshire court ruling that set aside its revised opinion on the 1961 Wire Act.The Department has filed a notice to appeal with the US Court of Appeals for the First Circuit, seeking to overturn the verdict issued by New Hampshire District Court Judge Paul Barbadoro in June.Following a legal challenge by New Hampshire Lottery against the DoJ’s revised stance on the Act, Barbadoro ultimately ruled that the Wire Act only applied to sports betting.The 1961 Act prohibits the use of wire communication facilities to transmit “bets or wagers” across state lines, and has been the subject of much scrutiny and dispute over the scope of these prohibitions.A 2011 interpretation from the DoJ concluded that the Act only applied to sports betting – a move which paved the way for the launch of online gaming and lottery products in a number of states. However, the Office of Legal Counsel (OLC) took a different view in January this year.An opinion written by Assistant Attorney General Stephen Engel stated that while the Wire act was “not a model of artful drafting”, “all but one of its prohibitions sweep beyond sports gambling”.While seen as a major victory for opponents of online gaming, the interpretation created huge uncertainty for state governments, licensed operators and state lotteries. This prompted a challenge from the New Hampshire Lottery, backed by a number of other states, and industry trade association iDEA Growth.Read the full story on iGB North America. DoJ prepares appeal against Wire Act ruling Casino & games The Department of Justice (DoJ) has finally confirmed its intention to appeal the New Hampshire court ruling that set aside its revised opinion on the 1961 Wire Act.last_img read more

GC licence changes for player protection come into effect

first_img Changes to the GB Gambling Commission’s Licence Conditions and Codes of Pratice (LCCP) that aim to raise standards for alternative dispute resolution (ADR) and consumer interaction have come into effect today (31 October).When the changes were first announced earlier this year, Commission executive director Paul Hope said they would make gambling fairer and safer for consumers, and warned operators they would be expected to comply in full with the amendments.Under the Gambling Commission’s new rules, licence holders now must fulfil additional obligations in dealing with customers at risk of experiencing gambling-related harm.The changes to customer interaction requirements will mean operators must now focus more on the outcomes of both identifying and interacting with players who may be at risk of or experiencing harms associated with gambling. This includes assessing the impact that an interaction has on a consumer and the effectiveness of its overall approach.The customer interaction changes will affect all licences except non-remote lottery, gaming machine technical, gambling software and host licences.In addition, gambling businesses will now have to meet the Commission’s additional standards for ADR rather than just the requirements listed in the national ADR regulations for all industries, including stipulating that license-holders must work only with providers approved by the regulator.Under the new standards, ADR providers must recognise that compensation for customers should reflect emotional or practical harm, rather than being a punishment for a business, and must consider areas beyond financial loss. In addition, compensation must be solely determined by the ADR provider unless appealed in court.ADR providers must also make information available to customers on whether they will reconsider the outcome of a dispute after the outcome has been issued, the circumstances in which this could take place and the timeline for such a process.The new rules also specify that an ADR provider must provide transparency on how it is funded and how it is independent, as well as publishing its performance data. In addition. they must also acknowledge receipt of customer contact within three working days and provide an update to customer every 30 days that the dispute is ongoing.ADR providers who do not meet these standards will not be considered approved providers for gambling license holders.The Gambling Commission said the changes will improve consistency and clarity over the role of such a provider. These changes will affect all licences with the exception of gaming machine technical licences and gambling software licences. Tags: Mobile Online Gambling Slot Machines AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Regions: UK & Ireland Subscribe to the iGaming newsletter 31st October 2019 | By Daniel O’Boyle Topics: Casino & games Legal & compliance Sports betting Slots GC licence changes for player protection come into effect Changes to the GB Gambling Commission’s Licence Conditions and Codes of Pratice (LCCP) that aim to raise standards for alternative dispute resolution (ADR) and consumer interaction have come into effect today (31 October). Email Addresslast_img read more

Detroit casino revenue reaches $121.7m in February

first_img Email Address Casino & games Regions: US Michigan Topics: Casino & games Finance Sports betting Commercial casinos in Detroit, Michigan, generated $121.7m in revenue during February, a year-on-year increase of 6.3%. 11th March 2020 | By contenteditorcenter_img Subscribe to the iGaming newsletter Commercial casinos in Detroit, Michigan, generated $121.7m (£94.2m/€107.3m) in revenue during February, a year-on-year increase of 6.3%.The February amount also represents an increase of 1.5% from the total revenue generated in January this year, when the city’s three commercial casinos took in $120.0m.MGM Grand Detroit remained the market leader with $52.6m in revenue, up by 6.4% on last year and representing 43.0% of the overall market.MotorCity Casino followed in second with $40.5m in revenue, a year-on-year rise of 4.7% and accounting for 33.0% of all casino revenue in February.Read the full story on iGB North America. Detroit casino revenue reaches $121.7m in February AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Virtual Grand National raises £2.6m for NHS

first_img Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 6th April 2020 | By Daniel O’Boyle British gambling operators will donate £2.6m in profits from the 2020 virtual Grand National to the UK’s National Health Service (NHS).Bookmakers including Bet365, Ladbrokes Coral, Paddy Power Betfair, Sky Bet, William Hill, Betfred, Betway and the UK Tote Group – as well as technology provider Inspired Entertainment – agreed to donate all profits from the event after winnings and duties are paid, to NHS charities.The funds will be sent to NHS Charities Together, the umbrella organisation that represents more than 140 approved NHS charities that collectively contribute £1m (€1.1m/$1.2m) a day to support the NHS.“We are overwhelmed with the public support for the virtual Grand National and the support shown for NHS Charities Together,” Michael Dugher, chief executive of industry standards body the Betting and Gaming Council (BGC) said.“When the nation was in much need of some light relief, millions joined in the fun in honour of one of Britain’s greatest sporting events and helped raise a fantastic amount for our brave heroes in the NHS.“I am proud that so many BGC members, up and down the country, are supporting in so many different ways the national effort to combat COVID-19, including here by contributing all of their race profits to NHS Charities Together. NHS Charities Together thanked the BGC yesterday but I’d like to thank them for the amazing work that they do in support of the NHS all year round.”The race, which was won by 18/1 shot Potters Corner, was watched by 4.8m viewers at its peak, representing 30% of the overall television audience.“The country is going through what is little short of a nightmare at the moment, so it was heartwarming to see pictures on social media of so many people enjoying themselves watching the excellent ITV Racing and Carm Productions programme which had such impressive viewing figures,” Dugher said.”I’m sorry we couldn’t have the real Grand National to find out if Potters Corner would have won or whether it would have been an historic three in a row for Tiger Roll, but at this time of need the nation used the day to come together and back our NHS.”Dugher also praised horse racing governing body the Jockey Club’s decision to donate 10,000 tickets to the National Health Service (NHS) and social care sector for the first day of the 2021 Grand National Festival.“It’s also fantastic that the Jockey Club will be donating 10,000 tickets to the NHS and social care sector in Merseyside for the first day of the 2021 Randox Health Grand National Festival at Aintree”.Profits from bets placed in Ireland will be donated to Irish charities including the Irish Red Cross, though the amount raised from these bets has not been announced. British gambling operators will donate £2.6m in profits from the 2020 virtual Grand National to the UK’s National Health Service (NHS). Horse racing Topics: Sports betting Horse racing Virtual Grand National raises £2.6m for NHS Subscribe to the iGaming newsletter Tags: Race Track and Racino Email Addresslast_img read more