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NetBet Enters into Partnership with GoldenRace

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NetBet Enters into Partnership with GoldenRace
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Online gaming operator NetBet has partnered with the virtual sports and betting technologies provider GoldenRace. As per the deal, the operator has added the provider’s latest Virtual Sports games to its online markets.

As a leading online operator, NetBet is continually looking at new and innovative ways to improve its customer experience and allow its players to enjoy the newest and most enjoyable sports markets available. By offering GoldenRace’s Virtual Sports games, NetBet is maintaining its reputation as a leading provider of the best markets for its players.

“GoldenRace is a leading sports and games provider, and we are excited to offer their products to loyal players. This not only reaffirms NetBet’s commitment to offering our players the best online sports betting markets but will also provide a more satisfying and exciting customer experience,” Claudia Georgevici, PR manager of NetBet, said.

“Partnering with NetBet is a great step to consolidate our brand in Europe. They are a well-established multi-jurisdictional player with an innovative motto, as well as GoldenRace. We are certain their players will enjoy our top virtual sports,” Tassos Panagiotaros, Sales Director of GoldenRace, said.

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SoftGamings to Attend iGB Live! in Amsterdam

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The iGB Live! conference and expo slated for 28 September – 1 October 2021 is back on after a two-year COVID-19-induced hiatus.

iGB Live! is one of the biggest events in the iGaming industry that connects the most prominent operators and suppliers in the business and brings them an opportunity to share their ideas and visions with their live audience. iGB Live! is being held at the Amsterdam RAI, the biggest exhibition space in the Netherlands from 28 September to 1 October 2021.

The organisers of the event are expecting 4000+ attendees and 120+ exhibitors. All those in attendance will be able to discover the latest tech advancements in the industry, connect with the best providers in the business, and get exclusive insight into the minds of the leading experts at the panel discussions.

Among those exhibitors, experts, and proud sponsors of the event, stand H10 is reserved for SoftGamings and its portfolio of products and services that include a unified API integration platform, White Label and Turnkey products, and many others.

“iGB Live! is definitely the place to be to learn about the latest developments in the iGaming industry, and we are very excited to meet our peers for some good-quality networking and business opportunities. We invite you to meet our team at stand H10 where you can learn more about our products and services and see what we can do to take your online gambling business to the next level,” Irina Sazonova, Director of Partnerships at SoftGamings, said.

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Patrick Svensk Resigns as Chairman of Betsson

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Patrick Svensk, Chairman of the Board of Betsson AB (publ), has informed the Nomination Committee that he is resigning from Betsson’s Board of Directors and the assignment as Chairman with immediate effect. The Board has appointed Johan Lundberg, currently a member of Betsson’s Board, as the new Chairman.

Patrick Svensk has been a member of Betsson’s Board of Directors since 2005, and Chairman of the Board since 2017. The decision to resign from Betsson’s Board of Directors is based on the fact that the company’s major shareholders have stated that they no longer have full confidence in Patrick Svensk as Chairman of the Board. The lack of full trust is due to how the dismissal of the CEO was handled, which the company communicated in a press release on September 17, 2021.

“It is very sad, and I am sorry that I have disappointed our major owners, but I have done what I thought was best for the company. I am proud of what we have achieved during these years and wish everyone at Betsson great luck in the future,” Patrick Svensk said.

Johan Lundberg, who has been appointed as new Chairman by the Board, has been a member of Betsson’s Board since 2018. Johan Lundberg is the founder of NFT Ventures and a Board Member of Loomis, Svolder and Ölands Bank.

“I would like to extend a warm thank you to Patrick Svensk for his valuable contributions to the Board for almost 17 years. I look forward to continuing the work with the rest of the board to recruit the next generation of international leader to Betsson and at the same time complete the strategic work that is going on with renewal and growth,” Johan Lundberg said.

The Chairman of the Nomination Committee Michael Knutsson has expressed full confidence and support for the remaining Board members and its election of a new Chairman and supports the decision to seek the next generation of international leader for Betsson.

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Holland Casino Expects Gains in H2 2021

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Holland Casino is preparing for recovery after a rough first half of the year, having been forced to close for more than 5 months due to measures taken against the COVID-19 pandemic.

As anticipated by the Dutch state-owned company, the extended closure had a negative impact on its financial results for the first half of the year. But as its 14 branches have been operating again since June 5, the operator now expects to post positive results for the second half of 2021.

Turnover achieved in June shows that Holland Casino will soon be able “to operate in a healthy manner” again. Moreover, after having completed “necessary restructuring,” the company expects to become a more efficient and agile organisation, according to a press statement released on Wednesday.

Turnover for H1 2021 posted a low €28.8 million. Net results for tax purposes amounted to a loss of €64.8 million, compared to a loss of €37.8 million over the same period in 2020, in which the company remained open for several months.

“Although Coronavirus also hit our company head-on in the first half of 2021, notably our anniversary year in which we celebrate 45 years in business, we still look ahead with confidence. All in all, Netherlands was deprived of legal casino offer for almost a year, but now that the measures are disappearing little by little, recovery is in sight,” Erwin van Lambaart, CEO of Holland Casino, said.

“We see bright spots in the potential offer of online games of chance as of October 1, for which we have applied for a license, and the opening of our new world-class casino branches in Venlo and Utrecht,” van Lambaart added.

CFO Ruud Bergervoet considers that having sufficient liquid assets in the past six months was key to the company getting through the difficult period of closure. That, along with the NOW scheme, the deferral of tax payments, strict cost control measures and tight operation management, led to the company being able “to safeguard the continuity” of its operations over the past year and a half.

“The significant tax debt of €190.5 million is offset by a strong liquidity position without bank debt. We are therefore considering paying off this tax debt more quickly if no new Coronavirus measures are introduced and the recovery actually continues. The results after June are promising in that regard,” Bergervoet said.

Despite all branches now being open, certain pandemic measures are still being enforced, and Holland Casino is receiving guests at limited capacity in its gambling venues. The company expects that these measures will be phased out, with the hope to open at full capacity and without restrictions “towards autumn.”

“We are also looking forward to the reintroduction of poker, live bingo and our NXT zones so that gaming can really be experienced together again. We also hope to be able to offer our bars and restaurants after midnight, which currently all close at midnight,” van Lambaart said.

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