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Sportech reduces forecast for the year

Niji Narayan

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Sportech reduces forecast for the year
Reading Time: 1 minute

 

UK-based gambling and entertainment company Sportech has lowered the revenue forecast for the year, because of the failure to thrash out some expected sales agreements. The newly forecasted Adjusted Ebitda for the year through December is now 14–20 per cent lower than current market expectations of £8.5m.

“Whilst we are disappointed not to have secured some international sales contracts by the year end, we continue to focus on signing these contracts,” – stated chief executive Andrew Gaughan.

“We are working proactively with Connecticut and other states in the US to secure the rights to conduct sports betting as a licensed operator and we expect that sports betting revenues will commence in the second half of 2019.”

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Fidelity National to acquire Worldpay for about $35 billion

Niji Narayan

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Fidelity National to acquire Worldpay for about $35 billion
Photo Source: CNBC.com
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US-based Fintech company Fidelity National Information Services (FIS) has signed a deal to acquire Worldpay, a UK-based payment processing company, for about $35 billion. This is said to be the largest deal in the payments segment. The FIS offer for Worldpay, which was bought by US credit card processing company Vantiv in 2017 for $10.63 billion, values Worldpay at about $43 billion, when debt is included, the companies said on Monday.

Worldpay’s London listed shares were up 9.4 per cent at 8104 pence in early trading on Monday.

“Scale matters in our rapidly changing industry,” FIS Chief Executive Officer Gary Norcross said in a statement.

Worldpay shareholders will receive 0.9287 FIS shares and $11 in cash for each share held, valuing the company at $112.12 per share — a premium of about 14 per cent based on the stocks’ Friday closing, according to Reuters calculations. The combined entity will have revenue of about $12 billion, the companies said.

Upon closing, FIS shareholders will own about 53 per cent and Worldpay shareholders about 47 per cent of the combined company.

Worldpay, which has provided payment processing services for more than 40 years, operated as a business unit of Fifth Third Bancorp until June 2009 when it separated as a stand-alone company. It was spun out of RBS to private-equity firms Bain Capital and Advent International in 2010.

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ComeOn recruits Hampus Eriksson as CPO

George Miller

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ComeOn recruits Hampus Eriksson as CPO
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Gaming operator ComeOn, a subsidiary of Cherry AB is strengthening its management team by recruiting Hampus Eriksson as CPO (Chief Product Officer).

 

Hampus joins ComeOn from game supplier NetEnt, where he worked as Director of Product & Services. Hampus has an extensive background with solid experience from both marketing and product-related managerial roles in the iGaming industry.

“I have followed ComeOn’s journey for several years and am impressed with how well they have succeeded with their brands in highly competitive markets. At the same time, I perceive great potential and major development opportunities on the product side, so it will be very exciting to be part of ComeOn’s continued success,” says Hampus Eriksson.

“ComeOn continues to deliver strong results while investing in innovation and technology. We are convinced that the development of our industry will continue at a fast pace and it will therefore be important to remain at the forefront and able to respond quickly when necessary. With Hampus Eriksson on the management team, we are further strengthening our product focus, which is fantastic both for us and our customers,” says Lahcene Merzoug, CEO of ComeOn.

ComeOn is a leading player in the rapidly growing market for online gaming via mobile, tablet and computer, with well-known brands and strong positions, primarily in casino and sports betting.

 

CHERRY IN BRIEF:

Cherry is an innovative and fast-growing gaming company with operations in gaming, entertainment and media. The company was founded in 1963 and today, Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group’s objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Cherry AB’s principal owner is Bridgepoint Europe VI Fund. The company’s Class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se.

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Wazdan super sizes their games with the launch of new Unique Wazdan Feature, Big Screen Mode

George Miller

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Wazdan launch new Unique Wazdan Feature, Big Screen Mode
Reading Time: 3 minutes

 

Wazdan games hit the big screen with the addition of a new Unique Wazdan Feature, Big Screen Mode, which lets players zoom their games to show bigger reels for super-sized fun.

Innovative game producer Wazdan has been developing market leading, tech-rich slot games for more than a decade through their team of gaming enthusiasts committed to pushing the limits of technology, gaming and inventive features which allow players to tailor their experience.

The latest addition in Wazdan’s lineup of Unique Wazdan Features is the Big Screen Mode. Through the Big Screen Mode feature, players of Wazdan games are able to zoom in on their game, showing bigger reels and changing the dedicated control panel below the game into universal buttons, which are placed on the right-hand side of the screen, just like players would experience in the mobile version. With two zoom modes to choose from, players can adjust the width of the reels to their screen. By enabling this unique feature, players can focus on the thrilling action taking place on the reels of their favourite slot game.

Unique Wazdan Features have long been the secret sauce making Wazdan games a cut above the rest. All new Wazdan games come jam-packed with Unique Wazdan Features, ensuring players control their playing experience, making adjustments to suit their particular preferences.

So far Wazdan has 7 Unique Wazdan Features on offer. Their world-first patented Volatility Levels™ give players the option to change the volatility level of each round. The Unique Gamble Feature can be activated after every win, giving players an extra game with a 50/50 chance to double their win in an instant. For players on the move, activating Energy Saving Mode will extend the life of any device’s battery by roughly 40%. Ultra Lite Mode suites players suffering with a slow Internet connection to decrease the games load time. Double Screen Mode allows players to see the pay table for each game, where win values of all game symbols can be seen, including special symbols like scatters and wilds. Finally, for players who like a rapid game, Wazdan’s Ultra Fast Mode allows them to adjust the speed of the game, without affecting the game algorithms, performance or its RTP.

Wazdan offers players and operators more than 110 stunning HTML5 games with these cutting-edge Unique Wazdan Features.

Wazdan Head of Sales, Andrzej Hyla, says, “We are proud of the accomplishments of the Wazdan team and brand. It has been a big year for us, and Big Screen Mode is yet another example of the innovation we inject into our games. Big Screen Mode has already been received with enthusiasm by players, as have the games which offer this feature. With so many new title releases, partnerships and accomplishments already this year, we are beyond excited for every new month, sure to come with many more announcements.”

Keep up to date with the latest Wazdan news at: https://www.wazdan.com

 

ABOUT WAZDAN:

Wazdan is a popular game producer, developing innovative casino games that deliver an original, fun and truly omni-channel player experience. Offering an extensive game library of over 110 HLML5 slots, table games and video poker games, Wazdan is gaining popularity in the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of such popular titles as Magic Stars 3, Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns as well as amazing new and upcoming slot games, including Los Muertos™, Mayan Ritual™ and Larry the Leprechaun amongst others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility Levels™, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes, Ultra Lite Mode, Ultra Fast Mode, as well the brand new Big Screen Mode. Wazdan holds a number of European trademarks including a trademark for their world’s-first Volatility Level™. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay.

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