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NetEnt slots pay out over 78 million EUR in 2017

(PRESS RELEASE) — NetEnt, leading provider of digital gaming solutions, has revealed a total of 321 jackpots were paid out during 2017, amounting to €78.3 million.

Mega Fortune, Mega Fortune Dreams, Arabian Nights and Hall of Gods are NetEnt’s four global accumulative jackpot games. Together they give operators access to the largest online jackpots in the iGaming world, allowing them to promote to their players the dream of a truly life-changing win.

Earlier this month, two Mega Fortune Dreams players ensured they had the perfect Christmas present after claiming a staggering €3.3 million and €3.5 million, respectively. Both players enjoyed the excitement playing on mobile.

Mega Fortune Dreams alone has paid out a whopping €30.4 million in 2017. It was also the most popular choice, with the highest number of unique players and rounds played.

The highest jackpot this year and the fourth-highest payout in NetEnt history was won by a lucky player scooping €7.5 million on Hall of Gods back in June.

“Our games are continuing to pay out life-changing winnings to players and to be able to win them €78 million in 2017 makes us all very proud,” said Henrik Fagerlund, Chief Product Officer of NetEnt.

“Mega Fortune Dreams alone has paid out around €30 million, but we must not forget Mega Fortune, Arabian Night and Halls of Gods, showing there’s more than one opportunity to win a life-changing amount of money with our pooled jackpots.”

“Being able to offer players the chance to win big is what keeps them coming back, and we’re over the moon that we can repay their loyalty.”

Source: Online.CasinoCity.com

Mr Green advances to Nasdaq Stockholm Mid Cap segment

(PRESS RELEASE) — Mr Green advances to the Mid Cap segment after Nasdaq Stockholm’s yearly review of the market value of the companies on its main market. This means that Mr Green is segmented as a Mid Cap company as of 2 January 2018.

The yearly review is based on the average market value during November. This year’s review resulted in a decision to move Mr Green from the Small Cap to the Mid Cap segment.

Mr Green was listed at Nasdaq Stockholm in the Small Cap segment on 30 November 2016.

“The advancement to the Mid Cap segment is proof that we are a fast grower with a strong market position,” says Per Norman, CEO of Mr Green & Co. “We have made a turnaround and will continue to deliver on our financial targets of an annual growth rate of 20% and an EBITDA margin of 20% by 2019.”

Source: Online.CasinoCity.com

SIS chairman departs for William Hill

(PRESS RELEASE) — The Board of Sports Information Services (Holdings) Limited (SIS) today announced the departure of its chairman, Roger Devlin, with effect from 31 January 2018.

Roger Devlin has been chairman of SIS for nine years and leaves to take up the role of chairman of William Hill plc.

The Board offers its congratulations to Mr Devlin and looks forward to continuing to work with him in his new role at William Hill. The Board has started the search for a new chair, and expects to make an announcement in the New Year.

Source: Online.CasinoCity.com

Realistic Games chooses Robert Lee as commercial director

(PRESS RELEASE) — British slots and table games provider Realistic Games has appointed Robert Lee as its new commercial director. Lee, who has been instrumental in growing both the supplier’s product and client portfolio since joining in early 2016, previously held the position of Senior Commercial Manager.

He will now be responsible for directing the commercial operation at the Reading-based company, as it looks to build on recent momentum heading into 2018.

Commenting on his appointment, Founding Director, Andy Cattrell, said, “Robert has been a key part of our commercial team over the last two years, and his new role will allow him to continue to grow our operations.

“He has enjoyed a successful relationship with our operating partners to date, and we’re very much looking forward to the next chapter in the Realistic story.”

Lee added, “I’m delighted to have been appointed to Commercial Director at a very exciting time for Realistic, and I’m looking forward to having the opportunity to make a greater impact on the business and the wider gaming industry.

“Since joining, I’ve enjoyed being part of a progressive and dynamic company with ambitious and extremely talented employees, who are all keen to continue delivering great content to our existing partners as well as developing relationships with new ones.”

Lee has almost three decades of experience in the gaming industry, having spent almost 20 years at Gala Bingo in various roles. He then moved into product management at Ladbrokes, before leaving to join supplier IGT where he was Bingo Product Manager.

Realistic’s games are now a prominent feature with some of the world’s leading operators and content aggregators, including bet365 Casino, BetVictor Casino, GVC, Ladbrokes Casino, Stan James, Rank, BoyleSports, NYX, Paddy Power Casino, William Hill Casino, Bede, Daub and Gaming Realms.

Source: Online.CasinoCity.com

Mr Green acquires Evoke Gaming

(PRESS RELEASE) — Mr Green has signed an agreement to acquire Evoke Gaming including the gaming sites Redbet Casino, Vinnarum Casino, Bertil and Mama Mia Bingo. Mr Green expects to achieve significant synergies and intends to expand Redbet in Mr Green’s existing and future markets.

The purchase price amounts to 7 million EUR and will be paid in cash. An additional purchase price of 1.5 million EUR may be payable if certain conditions are met. The price is calculated on enterprise value (debt-free basis). Mr Green is acquiring all shares in Evoke Gaming Ltd from Bonnier Growth Media.

The acquisition will not have any impact on Mr Green’s EBITDA for 2018. There will be a marginally negative impact on cash flow for 2018. The acquisition will contribute positively to Mr Green’s EBITDA and cash flow as of 2019. Mr Green expects to achieve synergies of 2.5-3.5 million EUR per year with full effect in 2019.

In 2016, Evoke Gaming’s revenue amounted to 15.5 million EUR and EBITDA to -4.6 million EUR. For the first nine months of 2017, revenue amounted to 7.4 million EUR and EBITDA to -4.4 million EUR. In 2017, revenue and earnings were negatively impacted as a result of the migration to a new technology platform and restructuring measures which are expected to be finalized by the time of the completion of the transaction. Evoke Gaming currently has 82 employees, all of whom work in Malta. Following the relaunch of Redbet and Vinnarum before summer 2017, the sites have demonstrated favorable growth.

Mr Green’s financial targets of an annual growth rate of 20% and an EBITDA margin of 20% by 2019 will be unaffected by the acquisition. At 30 September, Mr Green’s net cash amounted to 567.6 million SEK.

Redbet offers sportsbook, casino and poker, and holds a strong position, primarily in Sweden and the U.K. Mr Green believes that Redbet has major potential to grow in parallel with Mr Green and develop into a global brand. Vinnarum casino commands a solid position in the Nordic region with a high share of returning customers. Bertil and MamaMia are bingo sites with loyal customers and a strong position in Sweden. Mr Green intends to continue operating Vinnarum casino. Bertil and MamaMia are considered to have the potential for continued expansion, primarily in the Nordic region.

“Evoke Gaming is an ideal fit for our business plan and strategy,” says Per Norman, CEO of Mr Green & Co. “We are pursuing our strategy of nurturing a small number of strong brands that can work globally. With Redbet and Mr Green, we have two immensely strong brands addressing different segments, and we see major potential to expand Redbet into our existing markets.”

“Evoke Gaming is on the threshold of a significant turnaround. Mr Green will give us the muscles to continue growing internationally in an effective manner,” says Fredrik Staël von Holstein, CEO of Evoke Gaming.

Fredrik Staël von Holstein will remain as head of Evoke Gaming’s operations after the transaction has been completed and will become a member of Mr Green Ltd’s management team in Malta.

Source: Online.CasinoCity.com

Mr Green moves headquarters to Epicenter in Sweden

(PRESS RELEASE) — Epicenter, in the city of Stockholm, offers a world-class innovation environment for fast-growing digital companies. In the first quarter of 2018, Mr Green will unite its Stockholm-based functions in this creative environment.

Mr Green’s headquarters and technology development are today situated at different locations in the city of Stockholm. Epicenter provides Mr Green with an inspiring office space for about 110 persons. Today, the headquarters has six employees and the technology development about 70 employees. The new office space also provides space for temporary consultants.

“Epicenter is the perfect environment for Mr Green,” says Per Norman, CEO of Mr Green & Co. “We are an innovative, fast-growing company and the creative setting is of importance to our employees and of course when recruiting new talents. Epicenter is also a perfect place for networking and the establishment of new collaborations.”

“We are happy that Mr Green has joined us and our ecosystem,” says Fredric Kaijser at Epicenter. “We supercharge co-creation, innovation and knowledge by providing a great opportunity space for large corporations and fast-growing digital companies. Therefore, we welcome Mr Green to Stockholm’s first Digital Innovation House located in the heart of the city and Sweden’s digital landscape.”

Mr Green’s office space is about 1,200 square meters. Epicenter is located at Mäster Samuelsgatan 36 in Stockholm. Be sure to check out Mr Green Casino.

Source: Online.CasinoCity.com

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