OPAP Acquires Majority Stakes in Stoiximan
OPAP Group, the major gaming operator in Greece, has completed the formalities of a 51% stake acquisition in Stoiximan Group’s Greek and Cypriot operations. The deal was initially announced about 18 months before.
As per the terms of the deal, Stoiximan will get an OPAP stake worth €90.2m (£81.5m/$106.1m) plus net cash of €3.0m, in addition to the earnout payments based on performance.
OPAP’s Invest arm will also buy the stake from GML Interactive, a subsidiary of Stoiximan parent company TCB Holdings, for grabbing joint control of the business alongside other two shareholders.
With this, OPAP now has a 69% stake in Stoiximan’s Greek and Cypriot business. The company plans to increase its share to 84.49% in the near future so that the company can take full control of Greek and Cypriot operations.
ULIS Elects New President and Executive Committee
ULIS has elected new President and Executive Committee for the 2023-2025 term during its General Meeting in Sibenik, Croatia, on June 6.
The new President, Gilles Maillet, brings a profound knowledge and expertise in the area of work carried out by ULIS. He has been Director of Sports Integrity at La Française des Jeux (FDJ), France, for almost six years, and a member of the ULIS Executive Committee for four.
In these combined roles, Gilles Maillet has actively contributed to ULIS development, broadening its collaboration with key sports and public stakeholders, at national and international levels, including among others, the Council of Europe, IOC, FIFA, Interpol, ITIA and UEFA.
Additionally, as a member of the French national Platform, working to combat the manipulation of competitions, FDJ has initiated preventative actions with several sports federations and clubs, which have been a source of inspiration for developing the awareness-raising strategy of ULIS, adapted to the context of each member country.
The Executive Committee (2023-2025)
Enhancing global expertise in lotteries and sports betting sector, the new committee comprises:
- Gilles Maillet (Chair), Director of Sports integrity, La Française des Jeux, France
- Stéphane Fraser (Vice-Chair), Executive VP and Chief Operating Officer of Gaming Establishments, Loto-Québec, Canada
- Chee Wend Lam, Chief Executive Officer, Singapore Pools, Singapore
- Jens Nielsen, Sports Betting, Director, Danske Spil Denmark
- Younes El Mechrafi, Chief Executive Officer Marocaine des Jeux et des Sports (MDJS)
- Chris Lo, Head of Trading The Hong Kong Jockey Club, Hong Kong, China
- Ales Vesely, Chief Executive Officer, SAZKA a.a. Czech Republic
- Lemeng Wang, Board Director China Sports Lottery Operation Co., Ltd, China.
BMM Testlabs Reports Robust Growth in CY 2022
BMM Testlabs has announced that its calendar year 2022 financial results surpassed all expectations and that momentum has continued into 2023.
Martin Storm, CEO of BMM Testlabs, said: “I am grateful for the hard work of our wonderful staff all around the world who grew all our businesses to record results.
“We enjoyed particularly strong growth across all regions where we added more than 100 new customers to an already substantial portfolio.
“Our digital business has flourished in Europe, Africa and the US over the last three years and our land-based business continues to grow with very large customers, extending our share in the US, Canada and Australia.
“While BMM dominates key international markets, it is reaching a tipping point in the US and European testing markets as gaming market access completes.”
Storm continued: “In CY2022, BMM’s TIC revenues grew 18.6 per cent year on year and EBITDA grew 37.7 per cent year on year, both to record levels.
“BMM’s global market reach and 15 international locations means we compete for nearly every gaming certification deal and we win a high percentage at appropriate margins.
“Continuing our momentum through Q1 2023, TTM revenues grew 19.8 per cent year on year and EBITDA grew 58.2 per cent year on year.
“We remain confident that BMM share will continue to grow as more customers migrate towards high quality testing and certification to lower their real product costs.
“We see the gaming test lab segment consolidating further as a direct response to our success and growth. Our new testlabs in Slovenia and India are operating exceedingly well and our new lab in Brazil is ready to go when legislation finally passes.
“Most importantly for me as the CEO, we have attracted exceptional leadership and continue to retain our most experienced and best staff. We are committed to transforming the gaming lab landscape over the next 18 months as we invest heavily in the TIC segment.”
XLMedia Partially Disposes Personal Finance Assets for $1.3 Million
XLMedia has announced the part disposal of the Group’s Personal Finance assets for a total cash consideration of $1.3 million (the Disposal). The Disposal comprises domains and websites including Investor Junkie, Greedy Rates and Young and Thifty owned by XLMedia Publishing Limited and Webpals Systems SC Limited, subsidiaries of XLMedia plc. The cash generated from the Disposal will be utilised in the day-to-day operations of the business.
The Disposal is in line with the Company’s strategy to exit non-core activities while focusing on the Group’s Sports and Gaming business, expanding its North American Sports footprint, while also refining and developing the Group’s EU Sports portfolio, and the Group’s Gaming assets in selected markets, including the US.
In the year ended 31 December 2022, the assets relating to the Personal Finance division generated revenues of $1.9 million and EBITDA loss of $1.3 million.
The Personal Finance assets were excluded from continuing operations as disclosed in the Company’s year ended 31 December 2022 results and have no impact on earnings in the current financial year.
Following the sale of these assets to MPD Media, the process to sell the remaining Personal Finance assets is at an advanced stage, but there is no certainty that a transaction or transactions will complete.
Fishin Frenzy Slot Game Review
Why You Should Play at Non GamStop Casinos UK?
What Are Pay N Play Casinos?
The secure sharing of information
WinSpirit player hit almost max multiplier in the Gold Mania slot from Gamzix
Sky Bet signs five-year title partnership extension with the English Football League
UK Gambling Commission Grants LiveG24 a License for Live Bingo Game
Playbook Engineering Announces Ivo Doroteia as New CEO
Hipther Introduces Rite NRG and Darek Hiliński
London Blockchain Conference: Where iGaming Meets Blockchain Technology
PandaScore BetBuilder goes live with Ladbrokes Australia
EGT Digital’s Games are Live in Ukraine
Crypto Casino: How to Play Safely?
Finnish National Police Board Issues Conditional Fine Against Betsson Over Illegal Marketing
HIPTHER gets ready for sold-out MARE BALTICUM Gaming and TECH Summit
Playson extends 888casino partnership launching in Italy, Sweden, Denmark and Romania
Interviews7 days ago
Exclusive Q&A w/ Nick McDonald, Account Director at Fujitsu
eSports7 days ago
EUROPE’S TOP EA SPORTS FIFA 23 PROS FACE OFF IN $280K eCHAMPIONS LEAGUE FINALS ON JUNE 7 IN ISTANBUL
Latest News7 days ago
Week 22/2023 slot games releases
Latest News7 days ago
NeoGames’ Aspire Global and its Leading Product Suite Now Live with Metropolitan Gaming
Latest News7 days ago
CasinoBeats Summit achieves a momentous triumph by doubling its numbers
Gaming7 days ago
Lorgar Cup: the Ultimate CS:GO Tournament for Aspiring Gamers
Latest News6 days ago
The MGA publishes its 2022 Annual Report and Financial Statements
Latest News7 days ago
IGT Propels Leadership in Sweden via Three-Year Contract Extension with Svenska Spel