Connect with us

Latest News

Yggdrasil Gaming Q4 2017 Update

George Miller



Yggdrasil Gaming Q4 2017 Update
Reading Time: 3 minutes

Q4 highlights

  • Revenues for the period increased by 61% to MSEK 51.2 (Q4 2016: 31.8)
  • EBITDA for the period increased to MSEK 21.5 (13.2), yielding a margin of 42%
  • EBIT for the period increased to MSEK 17.5 (9.3), yielding a margin of 34%
  • Number of player transactions (rounds) increased by 87% to 1,184 million
  • Mobile gaming is now 59% of total gross game win
  • Six new licence agreements were signed, including Pinnacle, Tabcorp, Rank Group and Snaitech
  • Announced plans to enter the Danish market through deals with Jackpotjoy Group, Danske Spil/ and LeoVegas
  • Two new games were released: Pumpkin Smash and Reptoids
  • Announced plans to enter a new product vertical, bingo
  • Launched EUR 500,000 Christmas Calendar campaign for operators
  • Two jackpots dropped – EUR 3.48m for Joker Millions and EUR 1.12m for Empire Fortune


2017 Full Year Highlights


  • Revenues increased by 95% to MSEK 169.1 (2016: 86.9)
  • EBITDA improved significantly and amounted to MSEK 71.5 (2016: MSEK 40.1), yielding a margin of 42%
  • EBIT amounted to MSEK 58.8 (2016: MSEK 27.4), yielding a margin of 35%
  • Released 11 new network games and one operator exclusive game
  • Signed 40 licence agreements
  • Announced entry into the Italian market
  • Won Slot Provider of the Year at the 2017 EGR B2B Awards and Innovator Supplier of the Year at the 2017 International Gaming Awards
  • Revamped technical platform iSENSE2.0+
  • Launched a new game mechanic, Fusion Realms, with the game Jungle Books
  • Launched new business development initiative – Yggdrasil Dragons


Notable events after the quarter


  • Named Innovator Supplier of the Year at the International Gaming Awards 2018
  • Launched new game, Ozwin’s Jackpots
  • Jackpot of EUR 1.9m fell on Joker Millions
  • Signed two new operators, including
  • Announced plans to enter into the Spanish market through a deal with GVC
  • Announced plan to launch table games product
  • Exhibited at Europe’s largest B2B igaming event in London, ICE Totally Gaming, where the third instalment in the successful “Vikings” series was announced


Comment from Fredrik Elmqvist, CEO of Yggdrasil:

Looking back at 2017, it has been yet another landmark year for Yggdrasil. Revenue for the year grew to MSEK 169.1, while full year operating profit was up 35 percent to MSEK 58.8. These fantastic results were only possible because of the team we have assembled, and the support of our customers.


The fourth quarter saw us launch our biggest ever marketing campaign, a Christmas Calendar with a prize pool of EUR 500,000. The campaign featured different tournaments, cash races and missions that all utilised our award-winning BOOST™ in-game promotional tools. The campaign meant Yggdrasil processed the highest number of rounds in its history, and we delivered this without any issues because of the dedication of our team.

The fourth quarter was also a busy one from the perspective of new customers, whether that be signing operators or integrating and pushing existing ones live. During Q4 we saw an increase in customers in Italy, and the signing of new and existing customers for another new regulated market for Yggdrasil, Denmark. Our first customers went live in Denmark in February, and we will do a full launch in the country in Q2.

We also used the quarter to expand our product offering beyond slots. In December, we announced news that we would enter the bingo vertical with an innovative new product that will bring a fresh dimension to the sector. Our bingo product is developed from a mobile-first perspective and includes a number of industry-first features. We continue to lead the way on mobile, and during the fourth quarter mobile game win was up to 59 percent.

There have been more slots releases as well, with Reptoids and Pumpkin Smash both going live, while we also released a previously exclusive game, Orient Express, to all customers.

This level of activity has required a further expansion to the team. We welcomed 26 new people to the Yggdrasil family during Q4, taking our team up to 191 people. This process continues, and with that in mind I am delighted to welcome our first HR director, Johan Hedlund, who brings with him vast experience from the likes of IKEA. He will bring valuable knowledge about leadership and HR to Yggdrasil. We now have a complete senior management team passionate to steer company towards further victories.

It has been a remarkable 12 months, but I am even more excited about the possibilities and opportunities that lay ahead in 2018. We have a world-class team, an industry-leading product set and the best customers in the business, and we will be building upon this throughout the year and beyond.


/ Fredrik Elmqvist

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading

Latest News

UK Gambling Commission recommends FOBTs stake limit

George Miller



UKGC recommends FOBTs stake limit
Reading Time: 2 minutes

The Gambling Commission has recommended the maximum stake allowed on FOBTs to be cut to £30 or less.

The United Kingdom Gambling Commission (UKGC) has given the government a margin to cut stakes on fixed odd betting terminals (FOBTs). While some parties were asking for the maximum stake to be set at £2, the UKGC said that the number should be reduced from £100 to £30 or less.

The UKGC’s input is one of the most important submissions to a review by the Department for Digital, Culture, Media and Sport, which has announced that the maximum bet on FOBTs will be cut from £100 to a range between £2 and £50. The commission also recommended that the stake on gambling machines like fruit machines should be limited to two pounds.

Neil McArthur, chief executive of the Gambling Commission, said: “In our judgment, a stake cut for fixed odds betting terminals alone doesn’t go far enough to protect vulnerable people. That is why we have recommended a stake cut plus a comprehensive package of other measures to protect consumers. We have proposed actions that will tackle both the risk of harm and provide solutions that are sustainable in the longer term.

Moreover, Tim Miller, executive director of the Gambling Commission, said: “We’re aiming to reduce the risks that people face from these forms of gambling. A stake cut is an important part of our comprehensive package that is recommended to government that will tackle the risks consumers face, but our research has shown that a stake cut alone will not do enough. If the government want to go lower than a £30 maximum stake, that will be perfectly consistent with our advice as we are recommending a maximum stake of £30 or less.

After the announcement this morning, share prices in British shops increased more than 4 per cent for William Hill to 334.5p, while Ladbrokes Coral shares were up by 3.28 per cent to 176.05p.

Continue Reading

Latest News

WinADay Casino becomes one of the first to accept Bitcoins as an option for deposits and withdrawals

Niji Ng




Win A Day Casino accepts Bitcoins. Photo credits:
Reading Time: 1 minute

WinADay Casino has become one of the first among casinos to accept Bitcoins and Litecoin cryptocurrencies as an option for deposits and withdrawals.This unique casino now offers a generous “crypto only” match bonus along with its St Patrick’s Day casino bonuses.

Michael Hilary, the Manager, WinADay’s casino said: “Bitcoin Cash is quicker than Bitcoins and the fees are lower, so it’s one of the best ways for us to get winnings to players.” Bitcoins and Bitcoin Cash both hold value and are safe and convenient for online payments, at the moment.

Bitcoin Cash is also faster and cheaper to use. It is technically unique. It can process many more transactions per day than Bitcoin which speeds up processing times and reduces fees.

WinADay provides information on the three cryptocurrencies on its website:  Bitcoins | Bitcoin Cash | Litecoin.

For nearly ten years, WinADay Casino has offered unique slots, video poker, Keno and Roulette games to players all over the world. It is renowned for its customer-friendly staff service and has an active Facebook page.

Continue Reading


A free gambling zone on the Thaungyin River

George Miller



A free gambling zone on the Thaungyin River
Reading Time: 4 minutes

Daytime in Myawady city (Myanmar) near the Thai border in Kayin State is crowded with trucks and travellers to Thailand, but after 6pm, its streets become less congested.

The darkness that descends on the city is broken only by the light provided by generators. Small shops start packing up their remaining stock. In the silent and cool night, the liveliest places in Myawady are casinos.

I reached the famous Three Nines Casino in Myawady in early February. At the gate, guards with weapons stopped the car.

Are you playing at the casino?” they asked.

When a young guy who accompanied me nodded, they let the car pass. After a few minutes, we arrived at a brightly lit place that looked like a restaurant or hotel. Its parking lot had hundreds of cars.

There are many casinos, stores and restaurants in Myawady city on the Thaungyin river, which locals say are owned by Thai businessmen. When people enter the casinos, security guards conduct thorough body searches.

Business is good inside the main gambling hall. Under spotlights and cameras, young ladies are busy dealing cards. Most of the gamblers are well-dressed Thais. Games include kyar nagar, shan koe mi, jackpot and fish. Most customers pay in Thai baht. The pit bosses are Thai women.

Waitresses carry trays and serve gamblers drinks and food so they don’t have to leave the tables. For those who don’t want to find a place to eat and sleep in Myawady, casinos are a convenient place to kill time, said resident driver Ko Phyo Gyi.

There are many restaurants near the casinos and the food is free for heavy gamblers.

Hey, youk pha [which means ‘brother-in-law’, but colloquially means ‘dude’ or ‘bro’], bet on the red,” Ko Naing, 30, who sold his bicycle shop to come to play at Tiger Dragon casino, told me. He looked like he had passed many sleepless nights.

He had played for three straight days when I met him and had no more cash, but he was still giving advice to others. While he was talking, a bell was rung by a supervisor and bets were paid back in 1000-, 100- and 20-baht notes.

Ko Naing showed me the lucky draw slips he had been given as a heavy gambler.

I will go back after the lucky numbers are drawn. At about midnight, the owner herself will come out to draw the numbers. Prizes include motorcycles, beds, pillows and other goods,” he said.

The casino has many surveillance cameras and security guards keep their eye on everyone in the hall.

When night comes, a crowd of Thais enters Myawady city from across the Thaungyin, which Thais call the Moei, River. At midnight, the 24-hour casino is the most crowded place in Myawady. Ko Naing says Myanmar migrant workers also come to the casino from the Thai side.

The casino has a three-digit lottery, which it draws every morning and every night. The second largest room, on the right side of the main gambling hall, has a ring for the tiger and dragon game.

One casino employee takes out his phone and opens an app called “M Club”. Another staff member then hands him a piece of paper with the words “Myawady Online” on it. A username, password, and rules are printed on the paper, which allows users to play casino games online. The paper includes a 1000-baht (K43,000) credit to begin playing. An internet or phone connection is required to play the game. Preparations are being made so that the games at Three Nines Casino in Myawady can be played online, but it is still a work in progress.

Crime in Myawady has increased, so locals demonstrated in January to close the casinos and gambling dens in the city. Residents say there have been many murders, thefts, robberies, burglaries, swindles, and pickpockets because of the gambling.

It has been about two years since we were able to hang our longyis outside at night,” the wife of driver Ko Phyo Gyi said.

Gambling places have increased since 2010 and, at the beginning of 2016, casinos became very popular, said township chairman U Tun Nay Aung of the Union Solidarity and Development Party.

They can be controlled if there is local development and law enforcement,” he said.

Myawady township Police Captain Min Ko said there are no more gambling places in downtown Myawady and police have taken action in 18 gambling cases.

If they continue, they will be arrested. It is not allowed in the city anymore,” said Major Naing Maung Zaw of the border guards.

Although there are casinos outside of Myawady where people can play with foreign currency, they are now closed during the annual school matriculation exams.

I don’t know what will happen after the exams. If gambling destroys people’s lives, it will no longer be allowed,” Major Naing Maung Zaw said.

There are altogether 10 casinos, including one at almost every checkpoint under the control of the Myawady border guards, said U Thant Zin Maung, state Hluttaw MP for Myawady.

There are many casinos along the river located at the gates controlled by the border guards,” he said.

Although locals in Myawady want casinos eliminated, the central government wants to allow casinos in the border area in order to earn money to pay off foreign debts and will give permission to foreigner-only casinos on islands that tourists visit, U Ohn Maung, the minister of Hotels and Tourism, told the Pyithu Hluttaw in February.

Casinos are making a fortune in Macao and Singapore, so Myanmar, which has a foreign debt of about US$10 billion, should allow casinos, U Aung Hlaing Win, Pyithu Hluttaw MP for Mingaladon township in Yangon, said recently.

There are about 70 gambling dens in Myawady town, and although police and border guards have promised to eliminate them, business is still bustling at the casinos on the banks of the Thaungyin.

Continue Reading

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Top read articles

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.