Social News

Gaming shares rebound in second quarter of 2020

After seeing their shares decimated by the havoc wreaked by the Covid-19 pandemic in March, the majority of the 50 publicly-listed operator and suppliers that make up the GI Stock Index saw their shares rally between 1 April and 30 June, making up some of the losses in Q1 2020.

After [...]

1 min read

BetBull acquires UK-facing social betting start-up Wager

Social betting start-up Wager has been acquired by UK-licensed betting operator BetBull for an undisclosed amount.

Backed by London-based venture capital fund Forward Partners, the UK-facing peer-to-peer football betting app was developed by Oxford University graduates Leo Barnes and Elliott Robinson, and launched last August ahead of the Premier League football [...]

2 mins read

SciPlay enters casual gaming segment with Come2Play acquisition

New York-listed social casino operator SciPlay Corporation has acquired Israeli casual game developer and operator Come2Play for an undisclosed amount.

Headquartered in Tel Aviv, with additional development offices in Ukraine, Come2Play's social mobile games include its flagship Solitaire Pets Adventure game and Backgammon Live.

SciPlay’s previous acquisition of SpiceRack brought the popular [...]

2 mins read
DoubleDown Interactive

DoubleDown Interactive aims to raise $209m from New York IPO

South Korean social casino operator DoubleDown Interactive confirmed Thursday that it aims to raise up to $209m from its planned New York listing.

DoubleDown has commenced the initial public offering (IPO) of its American Depositary Shares (ADSs), representing shares of DoubleDown’s common stock.

DoubleDown, together with a selling stockholder, are offering an [...]

1 min read

GAN revenue drops to $7.7m in first quarter

New York-listed iGaming supplier GAN has reported a 20 per cent fall in revenue to $7.7m for the first quarter of 2020.

The company attributed the fall in revenue to the inclusion of $4.9m from hardware sales and the licensing of GAN’s US patent in the comparable period a year ago, [...]

1 min read

Australian anti-gambling campaigner proposes social casino ban

Australian Independent MP Andrew Wilkie has introduced an amendment to ban social casinos across the country.

Introduced last week, the Interactive Gambling Amendment (Banning Social Casinos and Other Measures) Bill 2020 seeks to amend the country’s Interactive Gambling Act 2001 to make it illegal to offer social casino services to Australian [...]

1 min read

BetConstruct launches social casino for the Iowa Tribe of Oklahoma

iGaming supplier BetConstruct has launched a new social casino platform in the United States for the Iowa Tribe of Oklahoma.

The new social casino app has been integrated with the loyalty programs of the Iowa Tribe’s two land-based casinos in Oklahoma, Cimarron Casino in Perkins and Ioway Casino in Chandler, as [...]

2 mins read
DoubleDown Interactive

DoubleDown Interactive applies for US listing

South Korea’s DoubleU Games, operator of the DoubleDown social casino app, is looking to raise $100m through a US-listing of American Depositary Shares (ADSs).

The company has appointed J.P. Morgan, BofA Securities and Macquarie Capital as underwriters for the ADS offering, and has applied to list the shares on the Nasdaq [...]

1 min read
Gaming Realms

Gaming Realms shares climb over 16% on positive trading update

Shares in London-listed gaming supplier Gaming Realms were trading more than 16 per cent higher Tuesday morning after the company said that it expects to exceed its EBITDA target for the year.

In a trading update released early Tuesday, Gaming Realms said that its strong performance in the first quarter of [...]

2 mins read

Design Works Gaming partners Betfred for UK market debut

Design Works Gaming (DWG) is set to launch its portfolio of games in the United Kingdom for the first time through a partnership with betting and gaming operator Betfred.

DWG's first direct integration with a UK operator gives Betfred customers access to an initial 20 best-performing DWG titles, comprising video slots, [...]

2 mins read

CDI and Aristocrat agree $155m settlement for Big Fish Games lawsuits

Churchill Downs Inc (CDI) and Aristocrat Leisure have entered into an agreement in principle to pay $155m to settle a class action lawsuit in Washington State relating to social casino operator Big Fish Games.

The two class-action lawsuits were brought by Cheryl Kater, Suzie Kelly and Manasa Thimmegowda, who alleged that [...]

1 min read

Digital drives first half revenue growth for Aristocrat

Sydney-listed supplier and social casino operator Aristocrat Leisure has reported a 7 per cent increase in revenue to AUD$2.25bn for the six month period ended 31 March, following strong growth in its Digital business.

Revenue from Digital rose 27 per cent to $1.04bn, equivalent to nearly half of the H1 total, [...]

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