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GVC signs long-term content deal with Playtech

George Miller

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GVC signs long-term content deal with Playtech
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Sports betting and gaming group GVC Holdings announced on Wednesday that it has signed an agreement with Playtech covering a new long-term commercial relationship between the two groups.

The FTSE 100 firm said that under the agreement, which would run until 2025, Playtech would become a “key” products and services supplier to all GVC brands in both existing and new markets, significantly expanding its current relationship with the group.

GVC, which has one of the largest online gaming businesses in the world, said that for the first time many of its brands would have access to “proven” content and services from Playtech, which it described as one of the world’s leading suppliers.

Playtech and GVC had also agreed to work together to integrate Playtech’s products and services onto the GVC platform, so that they could be made available to the MGM-GVC joint venture, ROAR Digital.

Under the terms of the agreement, GVC would have greater flexibility migrating Ladbrokes Coral to the group’s in-house technology platform as well.

Any acceleration of synergy phasing from previous guidance was primarily dependent on the timing of the migration of the Ladbrokes Coral technology platform, which GVC said would be determined in due course.

In addition, the partnership would see an extension of the agreement for Playtech BGT Sports to supply Ladbrokes Coral with the software for its suite of self-service betting terminals throughout Great Britain, the Republic of Ireland, and Belgium.

“We are delighted that GVC has been able to agree a long-term relationship with Playtech,” said GVC chief executive officer Kenneth Alexander.

“Even more of our customers will now be able to enjoy content from one of the world’s leading suppliers of high quality gaming product. At the same time the added flexibility around migration of technology platforms enables us to accelerate the integration of Ladbrokes Coral.”

Mor Weizer, chief executive at Playtech, added that the company was “pleased” to have reached a new agreement with GVC, expanding on the successful partnership it had established with Ladbrokes Coral over the previous six years.
“This is testament to the strength of the Playtech proposition and we look forward to supporting GVC over the coming years,” Weizer said.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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German State of Lower Saxony Issues First Federal Payment Blocking Order

Niji Narayan

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German State of Lower Saxony Issues First Federal Payment Blocking Order
Photo Source: spokesman.com
Reading Time: 1 minute

 

As a part of the efforts to drive illegal igaming business from the country’s market, the German state of Lower Saxony (Niedersachsen) has issued an international payment service provider with a blocking order. The companies have been banned from doing business with operators offering online casino, poker and lottery betting in Germany.

“[The] pressure is now on other payment providers to reorganise their businesses processes related to illegal gambling, if they have not already done so. Online casino is no trivial matter. [It is] banned by the State Treaty on Gambling and [offering such products is] a criminal offence. In the meantime, however, it remains a billion-Euro market,” Boris Pistorius, Minister for Home Affairs and Sports said.

The Niedersachsen Ministry of Interior handed the responsibility for implementing payment blocking controls. Its blocking orders are effective across all German states. The Ministry also sent warnings to a number of other payment service providers over links to illegal gambling. Some of these companies have already responded by ceasing to power transactions for offshore sites.

“The successful interactions with some payment service providers shows that our approach is quite effective,” Pistorius added.

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Greentube revolutionising iGaming integrations in 2019

George Miller

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Greentube revolutionising iGaming integrations in 2019
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With nJoin, Greentube has reduced the integration of its games into partner platforms from months to a few days, while providing a simple, interactive and transparent integration process. The tool enables B2B partners to quickly build up a knowledge base about Greentube’s games and platform features, launch and play its games as well as integrate, debug and fix issues on the fly. The tool is designed in a way that best fits the needs of Greentube’s B2B partners integrating its games into their platform.

Amir Gharani, Head of Games Integration at Greentube: “nJoin was a vision on paper last year, now it is a reality. Game integrations have never been easier and it’s amazing to see feedback from the operators on how easy, effective and transparent the integrations have become for them with nJoin. In addition, this project would never be completed without having such a team of highly talented and inspiring specialists. Greentube is on a mission to establish itself as the world’s leading B2B game provider and nJoin is an essential part of that journey.”

Michael Bauer Greentube CFO/CGO: “Our strategy is to continuously expand throughout Europe and the Americas. nJoin will be a catalyst in reaching our goals as future integrations will be more efficient and faster for both us and our B2B partners. I want to congratulate the team who did an amazing job from creating the concept until implementation. It is the first step in a series of innovations and improvements which we are planning to implement moving forward. Watch this space for more to come.”

The core features of nJoin are its test suites, which guide users through the implementation of any and all B2B interaction between Greentube and its partners. Easy bug fixing is facilitated though immediate feedback from the built-in diagnostic tools. At the end of the integration, the operator is able to run all automated test cases from start to end and will be provided with an overview on which tests have passed and which not.

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Trustly merges with PayWithMyBank to deliver transatlantic online banking payments coverage

George Miller

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Trustly merges with PayWithMyBank to deliver transatlantic online banking payments coverage
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Trustly, Europe’s leading online banking payments provider, is pleased to announce that it is merging with Silicon Valley-based online banking payments leader PayWithMyBank.

Together, Trustly and PayWithMyBank will enable merchants with a global footprint to accept online banking payments from European and US consumers. The merger addresses the needs of merchants to have an alternative to the card networks and accept online payments directly from consumers’ bank accounts, and for consumers to be able to pay in a fast, simple, and secure way.

In many European markets, consumers are used to paying directly with their bank account and the payment method is now also emerging in the US as a compelling alternative to credit cards. Following the merger, PayWithMyBank founder and CEO, Alexandre Gonthier, will be the US CEO, with overall responsibility for US market development. Gonthier will report to Group CEO, Oscar Berglund.

Oscar Berglund, CEO of Trustly, said: “This transformative merger creates the first and only online banking payments network with transatlantic coverage and accelerates our path towards global coverage. Alex was a co-creator of the online banking payments model in the year 2000 and we are very much looking forward to working with him and the impressive team at PayWithMyBank. Together we’re thrilled to be able to offer merchants and billers a unique alternative to card payments, allowing them to accept payments from 600 million consumers across Europe and the US.”

Alexandre Gonthier, CEO of PayWithMyBank, said: “Our large, US-headquartered customers were all asking us to expand our consumer coverage globally beyond the US. So, joining forces with Trustly, the established leader in our space in Europe, was a natural strategic next step for PayWithMyBank, the emerging leader in the US. We look forward to offering a richer service to our existing customers and partners, and building an unparalleled solution for merchants and billers with global ambitions.”

Trustly, as part of its product offering, holds merchant funds and is a licensed payment institution while PayWithMyBank does not hold any merchant funds. The shareholders of PayWithMyBank are joining the shareholders of Trustly in the merged group. The merged group had revenues in excess of EUR100 million (USD120 million) in the calendar year of 2018.

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