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Richard Cammegh joins CasinoCoin advisory board

George Miller

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Richard Cammegh joins CasinoCoin advisory board
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Richard Cammegh, Managing Director of Cammegh, the world’s leading specialist manufacturer of roulette wheels, integrated roulette systems and gaming digital signage, has joined the advisory board of the CasinoCoin Foundation.

Cammegh becomes the first member of the non-profit CasinoCoin Foundation’s advisory board with a focus on the land-based gaming sector. The appointment marks a strategic commitment from the CasinoCoin Foundation to establish a path for blockchain technology into land-based casinos.

Since it was founded in 1989, Cammegh has built an enviable reputation for designing and manufacturing world-class roulette wheels,  integrated roulette wheel technology, display technology etc, which are delivered alongside a suite of data analysis software.

Cammegh has a global portfolio of premium customers from Las Vegas, London, Monte Carlo through to Macau, Singapore and Melbourne.

Richard Cammegh, Managing Director of Cammegh and CasinoCoin Foundation advisory board member, said: “Cammegh has been the leading roulette provider to the global casino industry for 30 years, and in that time we’ve succeeded by understanding that there is more to the game than a physical wheel. Our products integrate a range of electronic interfaces and data-driven software, and this is where we could see some interesting opportunities to implement blockchain technology.

“So for me it was a case of finding the right blockchain specialist who genuinely understands gaming from an operator’s and player’s perspective, but perhaps even more importantly a partner wishing to stand shoulder to shoulder with gaming regulators the world over. That’s why I’m so excited to join the board of the CasinoCoin Foundation, which supports technology that has the power and experience to truly revolutionise the casino floor.

“I have been a keen watcher of the cryptocurrency and blockchain space for some time now, and I look forward to working closely with the team to help bring this fantastic technology to a global audience in land-based casinos and beyond.”

John Caldwell, Director of Advocacy at the CasinoCoin Foundation, said: “I am thrilled to welcome Richard to the advisory board of the CasinoCoin Foundation, who brings with him unparalleled experience within the land-based casino sector.

“We see a number of particularly exciting use-cases for CasinoCoin in land-based gaming. With the digitisation of the casino floor, CasinoCoin can bring immense value across a range of fields, including immutable data gathering, as well as benefits across identity and payments.”

Cammegh joins other leading gaming execs on the board of advisors at the non-profit CasinoCoin Foundation, which supports the blockchain-powered payment solution CasinoCoin (CSC). These include Gamesys CEO Lee Fenton, Chair of the Digital Isle of Man executive agency Lydia Barbara and Kindred Group’s chief experience officer Britt Boeskov.

 

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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Trustly Launches its New Product Trustly Live

Niji Narayan

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Trustly Launches its New Product Trustly Live
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Online banking payments provider Trustly has launched Trustly Live, the product built specifically for land-based gaming. With the introduction of Trustly Live, Trustly is helping to remove the need for cash at land-based casinos and sportsbooks.

With Trustly Live, players can scan a Trustly QR code with their smartphone and instantly deposit funds from their online bank account. This helps operators to lower cash handling costs while also catering to the preferences of their players. Additionally, Trustly Live can strengthen KYC and AML checks, ultimately helping to enhance the trackability of players and meet increasingly strict regulatory requirements. Trustly Live is currently live with Cherry Spelglädje in 45 locations in Sweden and plans to expand across Europe in the coming months.

“The launch of Trustly Live will help land-based operators thrive in today’s increasingly cashless economies. Cash handling is expensive, unsafe and, frankly, outdated. Consumers are already adopting safer and more convenient ways to pay and Trustly is excited to be bringing innovation to the land-based gaming world by helping operators keep pace with their players’ preferences,” Samuel Barrett, Director of Gaming at Trustly said.

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Win Systems Completes $125 Million Credit Facility with Fortress and Goldman Sachs

Niji Narayan

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Win Systems Completes $125 Million Credit Facility with Fortress and Goldman Sachs
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Win Systems has successfully completed the $125 million credit facility with Fortress Credit Corp and Goldman Sachs Specialty Lending Group.

“I am incredibly proud to be working with Fortress and Goldman Sachs for the next phase of our growth. We are aggressively looking to expand our global footprint organically and through M&A, and this transaction will allow us to significantly accelerate our growth strategy,” Dario Zutel, Executive Chairman of Win Systems said.

“With the recent expansion of our Lottery business and our successful entrance into the US market, our company is very well positioned for future growth. The new financing package will provide us with sufficient capacity to pursue our growth ambitions,” Eric Benchimol, CEO of Win Systems said.

“Win Systems has a very strong leadership team standing behind the Company’s impressive portfolio of products and services. We have been in dialog with Dario and Eric for many years and are pleased to have the opportunity to support their continued growth plans with this investment,” Adam Rosenberg, Global Head of Gaming & Leisure at Fortress Investment Group said.

“Goldman Sachs is excited to have partnered with Fortress to provide a transformational cross-border credit facility to Win Systems to support their growth throughout Latin America and other jurisdictions. The transaction represents an important investment for the group, and we look forward to seeing the company expand its presence in Mexico, Central and South America, and other new markets over the coming years,” Alex Harris, Vice President of Goldman Sachs Merchant Banking Division said.

“It has been a pleasure working with the Win Systems team and helping them raise capital from some of the world’s largest and most sophisticated investors. This transaction reflects another example of our ongoing commitment to work with fast growing technology companies operating on a global scale,” Nedim Music, Managing Partner of Olympia Capital Partners Europe B.V said.

 

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Play’n GO Announce Integration Agreement with Paddy Power Betfair

George Miller

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Play'n GO Announce Integration Agreement with Paddy Power Betfair
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Play’n GO today announced the signing of an agreement with Paddy Power Betfair, which will see the major UK operator provide their catalogue of games to its customer base.

In a rare move, PaddyPower Betfair has chosen to integrate with Play’n GO via a direct integration into their own platform, a sign of their faith in the quality of the supplier’s range of content.

This partnership represents a great positive for both sides. For Paddy Power Betfair, this agreement continues its successful push into slots, augmenting their strong sportsbook offering and reinforcing their brand in the industry.

For Play’n GO, it signifies another major step forward in the UK region and further cements their reputation as the regulated supplier of choice.

The agreement will see Play’n GO content, including successful titles such as Legacy of Egypt, Sword and the Grail, and the recently released Demon, first rolled out on paddypower.com and betfair.com domains, with more markets to follow globally.

Johan Törnqvist, CEO of Play’n GO, gave his thoughts on the agreement between the companies: “This is another step in our plans to partner with leading operators in the UK, and expand our presence in the region. We are excited to bring Paddy Power Betfair and their players our distinctive brand of entertainment. This year has been extremely fruitful for us, and it’s partnerships such as this that allow us to finish 2019 on a high and move into 2020 with a strong foundation.”

Francesco Borsetti, Commercial Director, Betfair Gaming UK, also spoke about the partnership: “We’re delighted to offer our customers an exciting and entertaining array of content from Play’n GO. We aim to offer the widest selection of high-quality slot content and, with Play’n GO, we can continue to do just that.”

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