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888’s Profit Declines

Niji Narayan

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888’s Profit Declines
Photo Source: ft.com
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The Gibraltar-based online gaming company 888 has reported a 66% decline in profits. The reported profit for the first six months of 2019 is US$22.2m, against US$60.1m in the same period last year.

Adjusted EBITDA stood at $41.8m, against $52.4 in H1 2018, with adjusted profit before tax at $27.1m ($42.5m). Basic earnings per share were 5.4c (15.4c).

The revenues during the second half of the financial year to date have been in line with board expectations, with average daily revenue six per cent higher than Q3 2018.

Itai Pazner, CEO of 888, said: “888 has delivered a solid performance in the first half of 2019. The group’s business in the UK has continued its recovery, which was underpinned by exciting product innovation as well as 888’s successful casual customer focus, and further expanded across several regulated European markets including launching its offering in Sweden and Portugal. The group has also completed two acquisitions including the exciting and strategic acquisition of a first-class sports betting platform and team, thereby giving 888 complete ownership for the first time of its technology and product development across the four key online gaming product verticals.

“First time depositors in the group’s B2C business have shown very healthy growth of 20 per cent driven in particular by casino. This very encouraging trend reflects highly effective marketing investment as well as the benefits of Orbit, 888’s latest casino platform, which has delivered strong results in each market where it has been launched.

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Latest News

Week 7/2020 slot games releases

George Miller

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Week 7/2020 slot games releases
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Here are this weeks latest slots releases!

Get ready for a Mongolian adventure with the latest addition to Lightning Box’s portfolio: Golden Yak. The 4×5 reel slot from the Sydney-based studio is set in the country’s high mountains and features wild multipliers with the potential to expand wins up to 100 times. If players can land both Wild Yak symbols there are big prizes on offer during the bonus.

Lightning Box - Golden Yak set to debut with Bet365

 

Head to a gem-filled cave in search for big wins in Kalamba Games’ latest slot title Crystal Cavern. Crystal Cavernoffers players an immersive and hypnotic vibe as they collect sparkling crystals, colourful mushrooms and orbs to claim big rewards. The 6×4 slot comes with Kalamba’s signature feature HyperBet as well as Free Spins Multipliers and Cash Orbs to maximise win potential. Collecting six or more Cash Orbs every 10 spins unlocks the free spins round, where lucky players can claim even more free spins and are offered the chance for wins to be multiplied.

Kalamba Games new slot Crystal Cavern

 

Endorphina, the online slot provider based in Prague, has already prepared another new game to help you march into 2020 with victory. Their newest game called CASH TANK may be the loudest of them all, with a united golden army and of course the Major Cash Tank himself to conquer the most lucrative wins. The game was shown at ICE and was supported with a huge promo – where Endorphina brought a real Major CASH TANK who shot out real money. As some of the visitors said, it was an amazing feeling to experience being showered in cash. So, we believe that our players will soon experience this as well.

Endorphina’s newest CASH TANK slot

 

Nolimit City, announces their highly anticipated game, Punk Rocker xWays®. The Company also combine’s the game release with a brand-new Bet Panel face-lift, plus a promo interface housing all new promotional tools to be announced. The team behind last year’s string of surprise hit games have worked tirelessly to bring forward a new title that combines ingenuity along with pure adrenaline and unparalleled character. Punk Rocker xWays®, brings an arsenal of features packed in a heart racing, bonkers game that can deliver a punchy potential. As the title suggests, Nolimit is reintroducing it’s registered trademarked mechanic ‘xWays®’ by combining a non-stop possibility in way-line altering combinations and upward growing ‘Molotov wilds’. Set in the iconic mid-70’s London-Punk Era, you’ll be tempted to break and pierce something.

Nolimit City - Punk Rocker!

 

HardRockCasino.com in partnership with Softweave Ltd. announced that they are the first in the world to introduce the ground-breaking innovative technology of Live Slots, slot machines located in a private room at Hard Rock Atlantic City available for players to enjoy from the comfort of their own home. “We are excited to introduce an entirely new way to play floor favorites without being there,” said Kresimir Spajic, Senior VP of Online Gaming and Sports Betting at Hard Rock International.

HardRockCasino.com Launches World's First Live Slots at Hard Rock Hotel & Casino Atlantic City

 

Play’n GO announced another 2020 slot title release, an entertaining video slot entitled Leprechaun Goes Wild. The game is another addition to their popular line of Leprechaun adventure games, following 2013’s Leprechaun Goes to Egypt, and 2016’s Leprechaun Goes to Hell. As the name suggests, there is a focus on Wilds in this game, with the lucky Leprechaun sticking to the reels in the game’s bonus feature This latest adventure is a 5-reel slot that sees the feisty fairy join up with a whole team of his friends to create the Rainbow Revolution, bringing good fortune to all who join their cause!

Play’n GO Strike it Lucky with Leprechaun Goes Wild

 

Blueprint Gaming has unveiled the latest instalment of its diamond digging extravaganza – Diamond Mine Megaways™ Extra Gold. This action-packed release features explosive prizes and cascading wins, with up to 117,649 pay lines thanks to the inclusion of the Megaways™ mechanic under license from Big Time Gaming. The base gameplay sees the TNT mystery barrel transform into any other symbol when in view, creating more chances of winning. Four or more scattered gold bags trigger the free spins round, after which players are presented with the chance to gamble to win additional spins.

Blueprint Gaming digs deep with Diamond Mine Megaways™ Extra Gold

 

Pragmatic Play, one of the leading iGaming content providers, has unveiled the newest addition to its growing slot portfolio, Master Joker. The one reel, five-line slot game combines traditional slot staples, such as fruit symbols, gold bars and Sevens with a modern spinning wheel mechanic. The titular Joker character plays a vital role in the slot, as when she lands on the reels she spins the wheel which randomly picks a multiplier for a player’s win, while also acting as a WILD. Players can win up to 10,000x their stake should the Seven symbol land upon all five reels and the Joker spins the multiplier wheel with it landing on 100x.

Pragmatic Play Releases Throwback Game Master Joker

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Gambling in the USA

Oneida Indian Nation Opens New Entertainment Venue at YBR Casino & Sports Book

Niji Narayan

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Oneida Indian Nation Opens New Entertainment Venue at YBR Casino & Sports Book
Photo Source: oneidaindiannation.com
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The Oneida Indian Nation has opened a new entertainment venue at YBR Casino & Sports Book.

YBR Casino’s latest expansion includes “The Lanes,” a six-lane luxury Brunswick Bowling Centre; two high-tech Topgolf Swing Suite bays; multiple pool tables; shuffleboard; sports-betting desk; more than 65 additional slot machines; more than 20 LED screens; and an expansive full-service bar and dining area with a menu developed by an award-winning culinary team.

YBR Casino’s new entertainment amenities are the continuation of significant investments made by the Oneida Indian Nation into the property over the last year. The all-new YBR Casino & Sports Book features a brand new gaming floor with a contemporary industrial design, in honour of the region story, and The Lounge with Caesars Sports, the largest sports book in New York with VIP amenities, luxury seating and fan caves.

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Compliance Updates

Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden

Niji Narayan

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Spelinspektionen Blocks Relaunch of Ninja Casino in Sweden
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Swedish gambling regulator Spelinspektionen has blocked the relaunch of Ninja Casino in Sweden.

An application was submitted to Spelinspektionen following a license transfer by the owners of Ninja Casino to another company, who already had a license granted.

However, following “serious violations” of gambling laws in Sweden, the regulator deemed it “highly inappropriate” that such re-launch attempt had taken place between Global Gaming and Viral Interactive.

“[It was] highly inappropriate that Viral Interactive Ltd has chosen a collaboration involving two players who have committed serious violations,” Spelinspektionen said.

Following the rejection, the gambling authority stated that Viral Interactive and Global Gaming’s running of Ninja Casino did not meet gaming operation requirements to ensure “controlled and security assured forms.”

“It is noteworthy that the Swedish Gambling Authority, after almost five months of deliberation, chooses to reject Viral Interactive’s application to add Ninjacasino.se. Viral Interactive cannot in any way be regarded as a party in the legal procedure currently in place between SafeEnt and the Swedish Gambling Authority and cannot be held responsible for any marketing previously conducted by Elec Games,” Tobias Fagerlund of Global Gaming said.

“It is obvious to me that there is a lot of prestige in the Swedish Gambling Authority’s decision and that the Swedish Gambling Authority continues to make questionable decisions which in our opinion lack clear support in the legislation,” Tobias Fagerlund added.

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