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Leading casino game developer Stakelogic partners with SolutionsHub

George Miller

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Stakelogic partners with SolutionsHub to ramp up Isle of Man activity
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The team at SolutionsHub are delighted to announce a partnership with casino game software company Stakelogic.

Stakelogic develops state-of-the-art igaming content, including slots and mobile games and is one of the most respected suppliers in the igaming industry.

Its titles include branded games inspired by movies including Rambo and The Expendables.

SolutionsHub is a world leader in igaming regulation and will support the Netherlands-based company as it ramps up its business activity on the Isle of Man.

SolutionsHub COO Nick Wright said: “Stakelogic are a hugely respected company within the igaming industry and we’re proud to be working with them.

“They are a hugely talented team who make brilliant casino content for their clients and we’re looking forward to supporting them as they continue to grow.”

Stakelogic CEO Stephan van den Oetelaar said: “SolutionsHub have a great reputation in the igaming business for their expertise in licensing and regulatory affairs and we’re delighted to be able to call on this.

“We are a growing and ambitious company and I am sure the support of SolutionsHub will be crucial to our plans going forward.”

Lyle Wraxall, Digital Isle of Man Chief Executive, said: “The Isle of Man Digital Agency is delighted to welcome Stakelogic to our growing ecosystem of gaming content providers.

“The partnership with SolutionsHub will undoubtedly bring new opportunities and growth and we look forward to supporting both Stakelogic and SolutionsHub through their future development plans and exciting games release roadmap”

Latest News

Entain’s Net Gaming Revenue Down 13% in Q1 2021

Niji Narayan

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Entain’s Net Gaming Revenue Down 13% in Q1 2021
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Entain has reported a drop in net gaming revenue (NGR) for Q1 2021. The decline in NGR is mainly due to the closure of its retail venues during the period as a result of novel coronavirus (Covid-19) restrictions.

The FTSE 100 company, which owns the Ladbrokes and Coral brands, said total net gaming revenue fell 13%, even as online revenue leapt by a third.

The group said it is looking forward to a return to more normal business as betting shops in parts of the country reopened last week.

“There are competing leisure activities, with restaurants and cinemas opening up,” Chief Financial Officer Rob Wood said.

Underscoring the shift in betting habits, Grand National, which took place on April 10, was Britain’s biggest ever online sports betting event as punters turned to mobile apps to bet on one of the world’s most famous horse racing events.

“It is a real shame that shops couldn’t be open for it. It typically attracts customers who don’t necessarily have an online gambling app on the phone,” Wood said.

Hargreaves Lansdown analyst Laura Hoy said that while the surge in internet gambling might wane eventually, “we expect that some customers will have shifted online permanently.”

Entain, which rebuffed a takeover approach from its U.S. joint venture partner MGM earlier this year, last month kept its dividend suspended despite a profit jump, citing the pandemic.

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Industry News

Entain Launches Employee Share Ownership Plan

Niji Narayan

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Entain Launches Employee Share Ownership Plan
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Entain, the leading global sports betting and gaming entertainment group, has launched a share ownership plan for over 22,500 employees. The group-wide plan will allow employees in the UK and abroad to profit from the growth of Entain’s global business.

Around 22,500 employees at all levels of the business can now apply to join Entain’s ShareSave plan. In the UK, where Entain has 2885 Ladbrokes and Coral shops, almost 14,000 retail workers can apply for the plan. By starting monthly contributions at just £5 or more, Entain hopes to put share ownership within reach of everyone, including people across its international operations.

Entain said ShareSave will initially be offered to colleagues working in countries representing around 99% of its workforce, also including the Philippines, India and Bulgaria. The company said it had initially placed a £100 monthly cap on contributions to reflect the truly global nature of its business and currency differences across the workforce, with the aim of maximising the appeal to all colleagues.

“Entain has been one of the highest performing companies in the FTSE-100 over the past year, which is the result of hard work and efforts from teams across our international business. Building a strong customer-centric culture where everyone contributes and shares in our continuing success is really important, so this plan is designed to be attractive and accessible to all,” Jette Nygaard-Andersen, Chief Executive of Entain, said.

Under the terms of the ShareSave plan, colleagues can choose to save a monthly sum from £5 to £100 over three years. At the end of this period, they will have the opportunity to buy shares in Entain for 20% less than their market value at the start of the invitation period, which they can sell for a potential profit. Alternatively, they can retain the stock as shareholders in the company, or simply take their savings back.

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Asia

Wakayama to Announce Name of Selected IR Operator by End of April

Niji Narayan

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Wakayama to Announce Name of Selected IR Operator by End of April
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Wakayama prefecture is going to announce its selected operator candidate for an integrated resort by the end of this month.

The prefecture stopped accepting RFP documentation from candidate operators on January 15, receiving applications from just two candidates – Suncity Group Holdings Japan Co Ltd and Clairvest Neem Ventures (Tokyo). Wakayama had established a selection committee consisting of nine experts with the intention of naming a preferred operator in spring.

Wakayama Governor Yoshinobu Nisaka has been enthusiastic about opening an IR and, according to sources, was actively taking in the opinions of those around him in his considerations. A rapid increase in coronavirus infections across Japan has also seen the IR project take a backseat in the short-term.

The prefecture’s IR Promotion Office said: “We can only answer that a decision will be made in Spring based on the examination of the selection committee.” They added, “Nagasaki has just entered its second round of examinations and Yokohama is still only in the RFP stage,” emphasising the fact that Wakayama will still be the first location to settle on its IR operator partner once the decision has been made public.

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