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EGBA Expresses Confidence of Victory in “Main” Norwegian Suit

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The European Gaming and Betting Association (EGBA) has expressed the confidence of victory in a second court hearing over the Norwegian government’s bid to block payments to offshore igaming operators, despite failing in an initial case earlier this week.

The Oslo District Court ruled that the Norwegian Ministry of Culture, Agriculture and Food does have the right to block payments to offshore igaming operators and that the move does not contravene European Union law.

EBGA and Entercash could still prevail in a separate hearing, which will consider whether blocking the payments constitutes an illegal restriction on the provision of services within the European Economic Area.

EGBA and Entercash filed the initial lawsuit against the Ministry in June after efforts were stepped up to block transactions between Norwegian financial institutions and offshore operators. The court decided to split the case into two parts, with the hearing for the first, concerning the legality of payment blocking under EU law, held in July. A date for the second portion is yet to be set, though EGBA said the case was likely to be heard in the autumn.

“We take note of the ruling by the Oslo City Court and await with confidence the outcome of our main claim that payment blockings infringe upon the EU freedom to provide services,” EGBA secretary general Maarten Haijer said.

The clampdown on transactions is part of a broader enforcement drive by the Norwegian authorities to restrict offshore activity, thereby preserving the monopoly of state-owned operator Norsk Tipping.

“We believe payment blocking measures are being enforced by the Norwegian authorities to ensure the survival of the country’s gambling monopoly. A more fundamental rethink of Norway’s gambling regime is needed and we continue to advocate for a highly-regulated and safe online betting regulation which follows the example of Sweden and other European countries,” Haijer said.

“All other European countries have now introduced, or are in the process of introducing, a so-called multi-licence regime which allows European companies who fulfil strict safety and quality criteria to obtain a license to provide online betting. These countries have found that a high level of online consumer protection is best achieved by providing consumer choice alongside high consumer protection standards,” Haijer added.

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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