Connect with us

Latest News

Football Index suspends their platform

Published

on

Football Index suspends their platform
Reading Time: 2 minutes

 

Dear Football Index Community,

We understand this has been a difficult and challenging week for you all. After much difficult deliberation we must now issue the following update.

The Board of BetIndex Limited has consulted with external legal and financial advisors, and the UK and Jersey Gambling Commissions. The decision has been made to suspend the platform. 

The dividend restructure announced on Friday was a necessary step in a business recovery plan to seek the long-term sustainability of the platform. However, it is clear that this has not been well received and we need to find a more agreeable way forward.

We are pursuing a restructuring arrangement to be agreed with our stakeholders including, most importantly, our community.  We are preparing this through an administration with insolvency practitioners Begbies Traynor, to seek the best outcome for customers with the goal of continuing the platform in a restructured form.

The restructure could involve equity in BetIndex Limited being distributed to customers, board representation for customers, and a new management team put in place, along with other initiatives.

Until such time as the administrators are in office, the platform will remain suspended and no trading or payment transactions, such as deposits and withdrawals, will be possible.  Once in office, the administrators will be in contact with customers, creditors, and other stakeholders.  This interim step of suspending the platform is merely to ensure that everyone’s rights are preserved in relation to funds held by BetIndex Limited.

We fully understand and anticipate concerns regarding a temporary suspension of your ability to withdraw existing Cash Balances and assure you that they will remain held in a segregated account to be managed in conjunction with our advisors, protected by the trust arrangements that are in place and will be subject to review by the administrators. 

The Board have at all times been seeking the best way to sustain the platform as we believed a recovery was not only possible but also in the best interests of our customers. This decision is deeply regrettable, and is the outcome we were seeking to avoid by restructuring dividends.  However, we believe it is the most responsible route forward for our community given the situation as it has developed.

The administrators will release a statement upon their formal appointment by the Court, which is anticipated to be in the next 10 days and will be able to share further timelines at that point.

The Board of BetIndex Limited

Latest News

AvatarUX roams the savannah in RagingPop™

Published

on

AvatarUX roams the savannah in RagingPop™
Reading Time: 2 minutes

 

Innovative slots supplier AvatarUX has ventured to the wild setting of the African savannah in its latest feature-rich hit, RagingPop™.

Containing AvatarUX’s hugely popular PopWins™ mechanic, the highly detailed and visually appealing slot combines numerous mechanics for action-packed gameplay.

A Golden Rhino acts as a super-high symbol, paying out with just a combination of two symbols, rather than three.

In addition, every time the reels are spun, the Raging Reel feature can be triggered, which will see Rhinos rampage across the screen, raising reel heights and adding multipliers to the matrix which can reach up to 500x in height.

In base play, through the ‘popping’ of wins, reels can reach up to six symbols high, while in the bonus this can hit seven, for increased win potential and anticipation building with every pop.

Three or more scatter symbols will award the free spins mode, which launches a multi-stage gamble mode, where players can spin a Gamble Wheel for increased free spins if successful. Multiple successful spins can lead to up to 30 free spins being awarded.

During the bonus round, there is progressive reel growth, with every reel growing by one symbol after 10 spins. This process is repeatable until max reel height is reached.

There is also the option for an Ante Bet feature to be enabled, doubling the base to bonus hit rate for an increase of 25% in stake value, as well as the ability to progress straight through to the Free Spins with the Buy Feature.

RagingPop™ becomes the latest title to join AvatarUX’s rich portfolio, filled with diverse themes that all highlight the innovative proprietary mechanic, PopWins™.

Nicola Longmuir, CEO at AvatarUX, said: “We’ve explored a plethora of dynamic themes in our PopWins™ series and in RagingPop™ we’ve journeyed to the African savannah for an immersive adventure.

“Combining numerous features, huge multipliers and a max win of 20,000x, it is another high volatility adventure that gives players the chance to enjoy the spectacular AvatarUX slots.”

Continue Reading

Latest News

Kalamba Games signs major deal with 888casino

Published

on

Kalamba Games signs major deal with 888casino
Reading Time: < 1 minute

 

Kalamba Games has signed a partnership to deliver its portfolio of high-quality slots games to tier-one operator 888casino across numerous regions.

Providing a major boost to Kalamba Games’ reach, 888casino is one of the world’s leading online casino brands. The operator has a commanding presence across established iGaming hubs in Europe and burgeoning markets such as Ontario.

Distributed via Pariplay’s Fusion™ platform, Kalamba Games will begin to deliver its player-favourite titles such as Blazing Bull 2, Crystal Cavern, Firedrake’s Fortune, Joker Leprechauns and recent hit release Joker Max.

The studio has become one of the fastest-growing content and technology providers in the industry in recent years, developing its own RGS, BullsEye, its Stargazer analytics platform and a range of promotional tools on top of its commercially successful slot releases.

This latest major partnership deal with 888casino comes after a string of successful agreements with additional leading operators. These mark the latest step in Kalamba’s growth, which has seen certifications in regions such as Italy, Portugal, Spain and Sweden as the company continues to introduce its content and services to a growing number of clients across regulated markets.

Andrew Crosby, Chief Commercial Officer at Kalamba Games, said: “Delivering our games to such a prestigious and well-known operator like 888casino, demonstrates Kalamba’s ambitious growth trajectory both this year and going forward.

“We are excited to see the reception our games receive from players who use the 888casino brand and are thrilled by this landmark achievement.”

Talya Benyamini, VP B2C Casino at 888casino, said: “888 is a global operator, and our players expect a broad range of really high-quality games content when visiting our casino. This partnership with Kalamba Games will add more innovative slots to our portfolio, aligning with our product and content leadership strategy.”

Continue Reading

Latest News

PRAGMATIC PLAY SPARKLES WITH NEW HIT LITTLE GEM™

Published

on

PRAGMATIC PLAY SPARKLES WITH NEW HIT LITTLE GEM™
Reading Time: < 1 minute

 

Pragmatic Play, a leading content provider to the iGaming industry, takes players on an astonishing visual journey in bright and sparkly new slot, Little Gem™. 

In the base game, the wild substitutes for everything except for silver and gold Money symbols andpays out 50xthe stake when three land in a row. 

The focal feature of the vibrant game is the Hold and Respin bonus round, which when triggered provides respins and the opportunity to take home a whopping 2,460x the bet.  

Landing three Money symbols on the central reel will activate the Hold and Respin feature, and when the mode starts, the symbols on the middle reel remain in place. The values of the gold and silver coins on the central reel are added to the total win at the end of the round. 

Little Gem™ follows in the footsteps of recent hits The Great Stick-Up™, Goblin Heist PowerNudge™, and Fire Strike 2™, which reside amongst a collection of over 200titles in Pragmatic Play’s award-winning games portfolio.  

Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: Little Gem™ provides players with a blend of simple gameplay and rewarding multipliers that effortlessly complement each other. 

“The visually striking theme delivers an engaging environment as users try and reach the bonus feature, and we expect to see players return to the dazzling experience time and time again.” 

Pragmatic Play currently produces up to six new slot titles a month, while also delivering Live Casino and Bingo games as part of its multi-product portfolio, available through one single API. 

Continue Reading
Advertisement
EvoPlay
Advertisement
Advertisement

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.