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IGT posts marginal drop in revenue to $4.79bn

New York-listed International Game Technology (IGT) has reported a 1 per cent fall in revenue to US$4.79bn for 2019, although revenue climbed 2 per cent in constant currency.

Revenue from IGT's North America Gaming & Interactive division increased by 7 per cent to $1.07bn for the year, as 15 per cent [...]

5 mins read

COVID-19 forces G2E Asia postponement as Gibraltar reports first case

The ongoing spread of the coronavirus disease (COVID-19) has forced the organisers of the G2E Asia expo in Macau to postpone the event, while the gaming industry in Gibraltar is on alert after the government today confirmed the first case on the peninsula.

Following discussions with the Macao government and exhibitors, [...]

2 mins read

Swedish impairment charges hit 500.com’s bottom line in 2019

New York-listed lottery and gaming operator 500.com has reported a 69 per cent drop in net revenue to RMB39.7m (€5.1m) for 2019, with 2020 off to a poor start as Swedish operations remain suspended.

Revenue for the final quarter of the year fell by 68 per cent year-on-year to RMB8.6m, with [...]

3 mins read

ALOT Solutions establishes new division for retail lottery sector

Lottoland’s B2B arm ALOT Solutions is looking to expand into the retail lottery sector through its new ALOT Systems division.

Headed up by Gary Cheung, the division has been established to provide digital retail lottery systems, games and terminals to licensed lottery operators.

“I’m proud that we can make this announcement,” [...]

2 mins read
Playtech

Playtech hit by impairment charges and casual gaming losses in 2019

London-listed gaming supplier and operator Playtech has reported a 23 per cent increase in revenue from continuing operations to €1,508.4m in 2019, although higher amortisation and impairment charges and losses in casual gaming weighed heavily on the bottom line.

Playtech’s revenue growth was driven by its B2C division, which includes the Snaitech business in [...]

5 mins read

Global Lottery Monitoring System brings in new head of legal

Global Lottery Monitoring System (GLMS), the monitoring system used by state lotteries to combat sports betting-related corruption, has appointed Cassandra Matilde Fernandes as its new legal and projects manager.

Fernandes, who begins her new role on 1 April and will be based in Lausanne, joins GLMS from the Council of Europe where she was [...]

2 mins read
Playtech

Playtech partners Rightlander to enhance affiliate compliance

London-listed gaming technology provider Playtech has entered into a partnership with affiliate compliance specialist Rightlander.

Rightlander’s solutions will be made available to Playtech’s operator partners through the Playtech IMS platform, including a range of affiliate compliance tools such as Automated Compliance Monitor, a PPC Monitor, a Proactive Affiliate Finder, and Compliance Live, which allows [...]

3 mins read
Mansion

Mansion signs up for MuchBetter instant payment solution

iGaming payments specialist MuchBetter has entered into an agreement to provide its payment solutions to Gibraltar-based operator Mansion.

MuchBetter will provide the online casino and sports betting operator with real-time deposit and payout solutions, while simplifying its registration and KYC process.

The payments specialist said it expects to significantly reduce Mansion’s transaction costs through [...]

2 mins read

Gibraltar suspends Addison Global’s MoPlay operator licence

Gibraltar’s Gambling Licensing Authority (GLA) has suspended the operating licence of MoPlay-owner Addison Global.

Following advice from the Gambling Commissioner Andrew Lyman, the authority announced the immediate suspension of Addison Global’s licence late Wednesday after the operator was unable to provide a solution to its solvency issues.

“The Gambling Commissioner has been [...]

1 min read

Paysafe appoints new chief technology officer

Global payments provider Paysafe Group has strengthened its leadership team with the appointment of Sujit Unni as chief technology officer (CTO).

In his new role, Unni will be responsible for driving Paysafe’s tech strategy, including the design and architecture of the supplier’s end-to-end technology landscape.

Unni joins Paysafe from Barclays where he most recently served as chief [...]

2 mins read

Evolution Gaming shares soar on strong 2019 performance

Stockholm-listed live casino specialist Evolution Gaming has reported a 49 per cent increase in full year revenue to €365.9m, buoyed by a strong performance during the final quarter of the year.

The company recorded a 51 per cent increase in revenue in the fourth quarter of 2019 to €106.0m and signed several new [...]

1 min read

GI Games Integrations: Featuring NetEnt, Yggdrasil, Habanero and more

This week has seen a whole host of integrations involving the likes of NetEnt, Yggdrasil, Habanero, Spinmatic, Pragmatic Play, Salsa Technology and Ezugi.

NetEnt

NetEnt has expanded its NetEnt Connect content aggregation platform with deals to integrate with three new game suppliers.

NetEnt Connect was launched in early December and has since been expanding with more games [...]

10 mins read
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