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Microgaming CEO Steps Down After 17 Years’ Service to the Company

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It was recently announced that Microgaming CEO John Coleman is planning to step down at the end of 2021. The former leader of one of the world’s most prominent iGaming brands has decided that he needs a fresh challenge after working for the company for the last 17 years. He will be replaced by another long-term servant of the brand, Andrew Clucas, who is currently working as Microgaming’s chief operating officer. This spells a new era for the company, but there is no reason why it can’t continue setting the standard in the online casino industry.

John Coleman to Step Down as CEO

Coleman has been the CEO of Microgaming for the last three years, having been appointed in June 2018. Prior to that, the Irishman had been the chief financial officer for almost 14 years. After a hugely successful tenure with the iGaming company, Coleman decided that it was time to step down and pursue other projects. In a recent statement on the Microgaming website, Coleman said:

“I am honoured to have led Microgaming as CEO – such an incredible business and people. After 17 years at the company, this is a natural time for me personally to embark on the next adventure. Microgaming has a strong leadership structure in place and an exciting future ahead, and I am delighted to announce Andrew Clucas as my successor. – Andy is a brilliant colleague, friend and leader, and I have every confidence that he will steer Microgaming to new success.”

The successor that Coleman mentioned in his announcement is Clucas, a former Royal Airforce pilot who joined Microgaming in 2009. Clucas’s rise within the company has been astounding. After heading up various divisions throughout his first decade, he took on the role of chief operating officer in 2018. He was clearly the natural replacement for Coleman, with the two having worked closely together over the last few years. Clucas stated that it was a high honour to be named the CEO of such an esteemed company and pledged to continue the amazing work done by his predecessor with the same levels of passion and drive.

The handover of responsibilities will take place at the end of December, and Clucas will take the company forward in 2022 and beyond. He will be tasked with maintaining Microgaming’s position as an industry behemoth, and in ensuring that the company continues evolving and progressing in the future.

Coleman a Big Part of Microgaming’s Continued Success

Microgaming has achieved an incredible amount in its history, with Coleman’s contributions over the last decade helping towards that success. The CEO has overseen a few of the company’s most recent achievements as it has innovated with upcoming technology, including virtual reality. For its VR Roulette game, Microgaming won the Innovator of the Year award in 2016 at the International Gaming Awards.

While Coleman has been CEO, the Isle of Man-based software provider has won innumerable accolades. In 2019, Microgaming picked up the CasinoBeats Pride of Gaming award, the Women in Gaming Diversity Award for Diversity and Inclusion, the EGR B2B award for Innovation in slot provision, and the Best Leadership Event at the ICE Awards. There are numerous other achievements that Microgaming accomplished while Coleman was in charge, but these are a few of the highlights.

On top of overseeing awards for the company, Coleman and Clucas have picked up some credit for themselves. The former won the Gaming Intelligence Hot 50 in 2019, while the latter claimed the same trophy the following year.

Microgaming was already well-established before Coleman joined the company. Indeed, it’s one of the oldest and best-known software providers in the iGaming industry. Founded in 1994, Microgaming claims to have developed the first online casino platform, thus sparking the industry that went on to achieve global domination. To survive for so long in such a cutthroat sector is commendable and is a testament to the running of the company behind the scenes. The Isle of Man-based business is constantly moving with the times and ensuring that it remains as one of the leaders that others look to for inspiration.

Best Known for Slots and Forward-thinking Ideas

Microgaming is best known for being one of the most successful slot developers on the planet. It has produced some iconic games which have driven the genre forward, including Tomb Raider, Jurassic World and Immortal Romance. It is still pushing the boundaries and creating new offerings, with titles like Game of Thrones Power Stacks among the best new slots alongside up-and-coming developers like ELK Studios and Nolimit City. The fact that Microgaming is still considered one of the best in the business for reel spinners highlights how the company is always looking to move with the times.

Microgaming is renowned for having broken various records with Mega Moolah, which was one of the first ever progressive jackpots. The game famously paid out lottery-like wins of more than £7 million in 2009 and £13.2 million in 2015. Both results set the Guinness World Record for largest online casino pay out. The game also spawned a thriving offshoot of traditional slots. Nowadays, when players log on to online casinos, they will see various games with rolling jackpots that pay out randomly to lucky winners over a network.

Aside from slots, Microgaming has one eye on the future and is ensuring that it is positioned to take care of any emerging technology that may go mainstream. This was highlighted with its creation of VR Roulette in 2015. At this time, many analysts expected virtual reality to go mainstream the following year. This hasn’t come to fruition yet, but Microgaming is well-placed to capitalise on the platform if it becomes an essential household item.

Microgaming has gone through various CEO changes over its 27-year history, and this has never had a negative effect on its dominance in the online casino industry. Clucas will be expected to continue steering the ship in the right direction, adjusting course where he sees fit to ensure that the company stays ahead of the competition.

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Win tickets to the BLAST Premier Fall Final: GG.BET is running a MEGA BLAST Competition for fans of СS2

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From 26 July, all GG.BET users can get involved in the new MEGA BLAST Competition with a €10,000 prize fund. The winner will receive two tickets to the BLAST Premier Fall Final CS2 tournament, taking place from 27-29 September in Copenhagen. To enter, you need to place bets on Counter-Strike 2 matches.

BLAST Premier Fall is a major series of Counter-Strike 2 tournaments which draws in millions of viewers from all over the world every year. The series consists of three stages: Groups, Showdown, and Finals. The Groups stage sees 16 Tier-1 teams duke it out. Only 6 of these can go on to compete in the final, while the rest will battle it out in the Fall Showdown for two additional spots in the final. BLAST Premier Fall Finals will be the concluding stage of the Fall series, and fans can look forward to electrifying action, heart-stopping twists and turns, and an epic $425,000 prize fund.

From 26 July to 4 August, as the Groups stage rages on, GG.BET will be holding its MEGA BLAST Competition. The winner will get their hands on two tickets to attend every day of the BLAST Premier Fall Finals. As well as these tickets, the bookmaker is also giving away a whopping €10,000 prize fund to the top 40 participants in the MEGA BLAST Competition.

How to take part in the MEGA BLAST Competition:

  1. Register an account with GG.BET or log in to an existing account.
  2. Go to the tournament page and press “Participate”.
  3. Place bets on Counter-Strike 2 matches. Every bet you place will earn you a certain number of points, based on the odds.
  4. Rack up points, keep an eye on the leaderboard, and wait for your winnings to roll in.

Bet on your favorites and get ready for some unforgettable fun! Head over to GG.BET right now so you don’t miss your chance to enjoy a festival of Counter-Strike action in Copenhagen.

 

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Latest News

MANCHESTER CITY TO MARK GLOBAL PARTNERSHIP WITH SUPER GROUP-OWNED BETWAY AT THE NEW YORK STOCK EXCHANGE

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Manchester City has today announced a new multi-year partnership with leading global online betting and gaming brand, Betway.

As part of the club’s pre-season tour of the United States, and to mark this significant deal, leading figures from Manchester City and Super Group will be on-site for the iconic NYSE bell-ringing ceremony later today. Ferran Soriano, CEO of City Football Group, along with Neal Menashe, Super Group CEO, will ring The Opening Bell at 9:30am EDT.

The agreement will see Betway become the club’s Official Global Betting Partner from the start of the 2024/25 season, as Manchester City joins the brand’s extensive sports sponsorship portfolio which includes teams from across the Premier League, La Liga, NBA and more.

Ferran Soriano, City Football Group CEO, said: “We are pleased to announce Betway as our Official Global Betting Partner today. As a globally recognised brand, Betway has a strong pedigree and history of working with high-profile brands within the sports space and we’re excited to work together throughout the partnership.”

Super Group CEO, Neal Menashe, commented: “We are absolutely delighted to become Manchester City’s Official Global Betting Partner. This agreement cements our place in the top tier of Premier League partners, ensuring that our Betway brand reaches fans in all corners of the globe.”

Throughout the duration of the partnership, Manchester City and Betway will collaborate on a number of activations and exclusive content opportunities, in addition to the brand featuring across digital and in-stadia assets.

Manchester City and Betway will also work together to provide all players, coaches, management and staff in-depth, industry leading training on all relevant codes of conduct relating to betting integrity and responsible gambling. This is in addition to the work Manchester City already does to support players and staff in this area.

The Opening Bell ceremony can be viewed live.

 

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Compliance Updates

Acquiring a Curacao Online Gaming License in 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed

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The “Acquiring a Curacao Online Gaming License, 2024: Comprehensive Analysis of Financial & Procedural Aspects with Costs & Timelines Detailed” report has been added to ResearchAndMarkets.com’s offering.

This report includes valuable insights into the financial and procedural aspects, including detailed information on costs and timelines associated with acquiring a Curacao license.

In 2023, Curacao introduced the “Landsverordening op de kansspelen” (Ordinance on Games of Chance) to modernize and regulate gambling legislation. Since March 2020, the Gambling Control Board (GCB) has been authorized to regulate offshore gambling games and oversee the issuance of Curacao licenses. As of 2023, there are 16 companies providing legal services for registration and licensing in the territory of Curacao. The license fee, as per GCB regulations, is 36,000 ANG or 19,800 USD, payable upon license issuance.

Research Timeline and Data Relevance

The research was conducted in two stages. The first stage, studying the regulator and Open Data Search, took place in December 2023. The second stage, writing the report and partially updating the data from the first stage, took place from the end of April to the end of May 2024.

Goals and Objectives

  • Describe the information about the Curacao license and the issuing regulator.
  • Describe the requirements and conditions for obtaining a Curacao license.
  • Describe the costs and timelines for obtaining a Curacao license.
  • Briefly study the market, find and suggest the following lists:
    • Legal companies offering services for company registration and obtaining a Curacao license;
    • Communication agents and integrators working with the Curacao license;
    • Suppliers and vendors working with the Curacao license;
    • Payment systems working with the Curacao license.

Key Topics Covered:

1. Goals and Objectives

2. Research Timeline and Data Relevance

  • Document Markup
  • Raw and Combined Data
  • Terms & Glossary

3. General Information

  • The Regulator
    • Registration of Operators With Sublicense
    • Application for an Online Gaming License

4. Requirements and Conditions for Obtaining a License

License Conditions

  • General Prohibitions
  • Safe and Secure Environment
  • Equipment and Application Software
  • Player Registration
  • Payment Transactions
  • Games
  • Terms of Use
  • Resolution of Complaints
  • Administrative Responsibilities
  • Publicly Available Information
  • Reports
  • Policies and Procedures
  • Suspension and Revocation of License
  • Additional Conditions
  • Supervision

Recommendations or Minimum Requirements for the Business Plan

5. The Cost of the License

6. Decision Term and the Validity of the License

7. Application Method and Forms

8. Contact Information

9. Companies for Registration and Licensing

10. Integration Companies

11. Suppliers and Vendors

12. Payment Systems

13. META

14. Appendix: Terms & Glossary

For more information about this report visit researchandmarkets.com/r/izeo6g

 

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