Industry News

Comtrade Gaming to Showcase Cloud RGS at ICE London 2022

Published

1 year ago

April 11, 2022

Reading Time: 2 minutes

Steven Valentine, Chief Commercial Officer of Comtrade Gaming, has shared his insights into the company and what is going to be presented at ICE London 2022. He said the company will showcase its sCore Gaming Machine Management System and its new Cloud RGS (gCore Cloud) at ICE.

Steven Valentine said: “Comtrade Gaming, a leading technology supplier to the gaming industry, has been in business for 18 years and it keeps on growing. We are now over 300 people, most of which are focussed on the continuous development of our products and supporting our clients. The size and scale of the business allows us to be very flexible with our clients and meet their individual needs. We have vast experience providing the right solution using our products and combining with a mixture of suppliers or an operators own propriety software.

“We have had a very successful RGS (gCore) on the market for many years and it is used by some of the largest game vendors such as Ainsworth and Bally Technology. Our RGS allows for slots games to be built very quickly; it has very extensive SDK’s, game frameworks, and all known slot features. We provide the knowledge transfer, so game developers know how to build games on it, and we also provide the APIs for integrations or do this on behalf on of the game vendor. It is a product we have typically sold as licensed source code to mid and large size game vendors and large operators. We are now making this product more available to new-to-market small game vendors with a kind of software as service model; smaller game vendors can thus get access to their own version of the same great technology, hosted in the cloud but without the significant upfront cost.

“With sCore – Gaming Machine Management System, we will present new features and optimizations necessary to manage gaming machines in distributed environments. In combination with iCore omni channel player wallet functionality operators in markets with smaller retail locations can now get functionality previously available only to big casinos with local IT infrastructure.

“Comtrade Gaming delivers value-driven technology solutions such as their iCore platform which is one of the leading iGaming Platforms already used by world’s largest gaming companies such as Dafabet, Mansion, and Superbet and we are very excited to be launching in the USA with our first stateside client: G3 Esports. Expanding to the American market is a huge milestone for Comtrade Gaming. Once launched, G3’s new wagering platform will leverage Comtrade’s enterprise-level services, such as player account management, real-time bonusing, dynamic segmentation, real-time push messaging, and many more player engagement tools.

“Our iGaming platform technology is one of the most extensive on the market and aims at leading operators, where player retention and lifetime value are key. It allows our operators to focus their efforts on marketing, knowing that their backend technology is all taken care of.”

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Industry News

ULIS Elects New President and Executive Committee

Published

2 days ago

June 8, 2023

Niji Narayan

Reading Time: < 1 minute

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.

Industry News

BMM Testlabs Reports Robust Growth in CY 2022

Published

2 days ago

June 8, 2023

Niji Narayan

Reading Time: 2 minutes

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.”

Industry News

XLMedia Partially Disposes Personal Finance Assets for $1.3 Million

Published

1 week ago

May 31, 2023

Niji Narayan

Reading Time: < 1 minute

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.