There is a long-awaited wind of change blowing through the Swedish halls of power. Four years of complete stasis has left one of the world’s most well-developed online gambling markets regulation-free and left many of Sweden’s gaming pioneers - some of the country’s most innovative entrepreneurs - basically operating as outlaws.
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Betsson don’t make many business mistakes. It’s becoming a bit of an adage in our industry. It’s a bit like Arsenal fans’ reciting the phrase “Arsene knows” about their wise and scholarly manager Arsene Wenger.
In January we ran an interview with then 888 CEO Gigi Levy in which he complained that online gaming companies have had a blind spot to the growth of social media. Almost six months on and little has changed - apart from Levy’s employment status of course.
New CEO Jason Williams seems to have the magic touch. He has only been in the role for two months after being handed the job by his old man Tarrnie, who had the grim job of announcing 19 consecutive quarterly losses.
Damn, he got me again!
All I wanted to do was laugh at him and his ludicrous latest attempt to gain some exposure. But Calvin Ayre’s only gone and done it again. And I’ve fallen for it - hook, line and sinker. God help me, I am giving him the exposure that this latest stunt really does not deserve.
Irish-Canadian casino games supplier CryptoLogic just ended one of the worst losing streaks in history. It just recorded its first quarterly profit in more than three years.
IGT is one of the giants of US gambling. Along with its closest competitors WMS, Ballys and Aristocrat, it is one of the world’s largest suppliers of slot machines and casino technology. But unlike its rivals it has always had an eye on the online market - although WMS has made moves online more recently.
CEO Johan Öhman’s departure from Net Entertainment for family reasons means it has been all change at the top of every one of the three Swedish companies that once comprised Cherry.
I’ve been trawling the web and my contacts book for some original thought on “Black Friday”. The web seems to be full of half-stories and ill-informed opinions. The contacts are understandably circumspect or a bit shell-shocked.
The mysterious group of European investors that is in talks about an investment/buyout of Full Tilt Poker (FTP) is likely to be continuing its discussions with numerous parties of which Tilt could be the least important.