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GiG to divest Highroller to Ellmount Gaming

(PRESS RELEASE) — Gaming Innovation Group Inc. has reached an agreement to divest its B2C brand Highroller to affiliate and operator Ellmount Gaming Ltd. for a total price of €7 million. Ellmount Gaming will as part of the deal become a B2B customer of GiG and continue to operate Highroller using GiG’s Platform Services, Front End solution and Managed Services.

GiG will receive the payment in monthly instalments over the contract period of 48 months, starting seven months after this date.

Highroller will initially remain as an operator under GiG’s licenses with a long-term white label agreement and is planned to be migrated to Ellmount Gaming’s licenses following regulatory approval. GiG expects positive contribution from Highroller under the new owner.

Highroller was a proprietary brand of GiG, launched in December 2017 with a successful start and a strong brand recognition. In the first six months of 2019, Highroller had revenues of €1.4 million with an EBITDA of €-0.2 million.

This divestment is part of GiG’s strategy to increase brand equity for Rizk in the casino category in select markets, in order to improve earnings quality and margins, through increased customer engagement and loyalty.

GiG will after this divestment operate with four brands: Rizk, GUTS Casino, Kaboo and Thrills Casino. The Rizk brand is the best performing brand and represents 71% of total B2C revenues with a year-on-year growth of 34% (Q1 2019). The second largest brand is Guts, which will be further developed as a sports betting brand.

Robin Reed, CEO of GiG, says, “The sale of Highroller is a confirmation of our discipline and focus as we are growing RIZK to become a Tier 1 casino operator in select markets. Through this agreement, we gain increased cash flow, a strong B2B partner and Highroller will get the marketing muscle and focus it deserves. The brand was launched only two years ago and with this sale, it has returned three-digit ROI for GiG. I am looking forward to seeing the brand prosper in the hands of very capable owners, empowered by our full suite of products and services.”

This information is information that Gaming Innovation Group Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, at 08:20 CET on 13 August 2019.

Source: iGamingAffiliatePrograms.com

SiGMA and Clarion Gaming join forces for gaming show in Asia

(PRESS RELEASE) — SiGMA Group and Clarion Gaming have jointly announced they will combine activity for the 2020 gambling sector show in Manila, Philippines, which is set to take place 8 and 9 June next year.

The B2B event will cater for both the land-based gambling sector as well as the iGaming sector, with online suppliers, operators, affiliates, regulators and blockchain businesses all being housed under one roof at the SMX Convention Center situated in the heart of Manila as well as the adjacent Conrad conference venue.

As Asia tempts leading brands from the global gambling sector to expand business opportunities in the region, it’s fast becoming clear that Asia is the new frontier for both land-based and iGaming industries. Recent figures from Global Gambling Statistics 2019 reveal that seven of the top ten locations for gambling revenue based on visitors are in Asia (including Australia). In Macau alone, revenue could reach as high as $53 billion by 2022.

As these jurisdictions look to capitalise on the global opportunities flourishing in the gambling sector, it’s crucial to bridge the business divide between East and West, addressing considerations such as regulatory environments in different territories, payments processing methods, the integration of blockchain emerging technologies, and even bandwidth problems for mobile gaming.

Kate Chambers, MD Clarion Gaming commented, “The opportunities for growth in Asia are increasing exponentially year on year, and the time is right to cement new and existing relationships between the gambling industries in both East and West. To combine the expertise of Clarion courtesy of the world famous ICE brand and SiGMA ensures both the land-based and iGaming sectors will find synergy in Manila in 2020. This is an exciting time as we extend the reach of the ICE brand following the launch of ICE Africa in 2018 and ICE North America in May 2019.”

Eman Pulis, founder and CEO of SiGMA Group, added, “As we take the SiGMA brand to global markets, we’re proud to facilitate the biggest gaming expo to bring East and West together. It is unprecedented for two such established events to join forces in Asia this way, so this will be an unmissable calendar event amongst C-level gaming executives, whether they have existing business activity in Asia or are looking to expand their operations in the Far East.”

Source: Online.CasinoCity.com

Wazdan games now live on BitCasino

(PRESS RELEASE) — Wazdan is proud to announce a new partnership with the Coingaming Group which sees Wazdan games available on two industry-leading, cryptocurrency-friendly casino sites; BitCasino.io and Sportsbet.io.

Though the partnership only came into effect in late July, Wazdan’s games have already been added to the Coingaming Group’s two major casino sites.

Wazdan offers Sportsbet.io and Bitcasino.io players an impressive portfolio of more than 115 stunning HTML5 games. All games are crafted with high-quality graphics and a range of features exclusive to Wazdan which allow players to tailor their gaming experience to suit their own particular preferences.

Included in these Unique Wazdan Features are: the world-first, patented Volatility Levels which allow players to increase or decrease volatility; a Unique Gamble Feature for the chance to double their win on the spot; Ultra Lite Mode and Energy Saving Mode, designed to optimise mobile experiences; Ultra Fast Mode which ensures super-speedy gameplay on any device; Double Screen Mode to take players back to the traditional slot interface and Big Screen Mode for a supersized gaming experience.

Andrzej Hyla, Wazdan’s Head of Sales, said, “Partnering with the Coingaming Group is an exciting step for us here at Wazdan to bring our games to those who prefer to play using cryptocurrency. The Coingaming Group are a passionate organisation of inspired individuals with whom we align very well, sharing the same values for driving toward innovation and pushing the limits of what technology can offer to players.”

Tauri Tiitsaar, Director of Casino at Coingaming, said, “We’re thrilled to be able to offer our players such a fantastic array of games as a result of our partnership. We strive to put the customer at the centre of everything we do and Wazdan’s games provide our players with not only stunning visuals, but also an assortment of features which offer a truly bespoke playing experience yet to be seen in the industry.”

Coingaming owns and operates both Bitcasino.io and Sportsbet.io, with the former casino site launching in 2014 and becoming the world’s first licensed bitcoin casino. Only last year, the Coingaming Group was recognised as one of the best operators in the industry after debuting on the EGR Power 50 list.

Recently Wazdan confirmed their committed to bringing new games to market by announcing a slew of new games including Lucky Fish, Relic Hunters and the Book of Faith, Lucky Reels, Space Spins, Magic Stars 5, Space Gem, Juicy Reels, Magic Stars 6, and their superstar game of the year, Larry the Leprechaun.

Source: Online.CasinoCity.com

Global Gaming 555’s appeal rejected by Supreme Administrative Court

(PRESS RELEASE) — Global Gaming 555 AB’s subsidiary SafeEnt Ltd, which operates the internet casino Ninja Casino, had its Swedish licenses for commercial online gambling and betting revoked on Monday, 17 June.

An appeal for injunctive relief was immediately submitted to the Administrative Court, as the company and its legal counsel are of the opinion that the decision lacks support in the Gaming Law and the company maintains that all license requirements are complied with. The appeal also called for temporary relief from the regulator’s decision. Today, the Supreme Administrative Court rejected the appeal for injunctive relief without providing any further explanation.

Global Gaming has appealed the regulator’s decision to revoke the license and the case is now with the Administrative Court in Linköping.

“Although we were aware that the chances of being granted injunctive relief were limited, we are, of course, disappointed to see our appeal rejected again. Our focus is now on the judicial review of the Swedish Gambling Authority’s decision that is currently taking place. We maintain that the decision is fundamentally wrong and disproportionate, and will show it during the process that is currently underway in the Administrative Court,” says Tobias Fagerlund, CEO of Global Gaming 555 AB.

Source: Online.CasinoCity.com

Fortune Legends and KTO announce fee reduction and Vault bonus

(PRESS RELEASE) — Mobilt has taken the lead on building better transparency with affiliates in a bold move to reduce administration fees being placed on their Net Gaming Revenue, which is used when calculating affiliate commissionable earnings.

In an effort to provide affiliates with more value, Mobilt are removing administration fees and reducing bonus deductions from Fortune Legends and administration and processing fees on their KTO sportsbook program with immediate effect.

Miles Saacks, Head of Affiliates, said, “I have truly never been more excited about implementing such a significant change to an affiliate program. Reducing unnecessary fees are a clear sign that the management team are truly committed to building transparent relationships with affiliates and is one of many steps I’ll be implementing as part of a series of major improvements we have planned for the program this year.” The admin fee removal will be rolled out immediately for all affiliates to benefit from (with the exception of those who already have alternative terms in place).

In addition to this, Mobilt have launched a unique player sign up incentive which will also benefit the increase of affiliate earnings. This incentive will reduce marketing bonus fees applied as a deduction to Net Gaming Revenue for Fortune Legends Casino.

By providing a totally unique customer incentive, Fortune Legends Casino has eliminated complex bonus and wagering requirements — making it easier for customers to deposit and wager while earning an enhanced cash back offering called The Vault.

Source: iGamingAffiliatePrograms.com

Cashcow licensed in New Jersey

(PRESS RELEASE) — The award-winning affiliate marketing company Cashcow Ltd is delighted to announce that it has acquired a license to launch in New Jersey, U.S.

This certificate is the most mature in the country and is only awarded once strict protocols and procedures have been satisfied. Partnerships have already been secured, marking this as an exciting new step in Cashcow’s story.

To cater for this new audience, a brand new site – usaonlinecasinofinder.com – has been created. It’s an interactive experience which shows only eligible U.S. operators based on a player’s location. This will bring benefits for both the user in terms of satisfaction, and the operator in terms of quality leads being sent.

Of course, the launch of USA Online Casino Finder begins solely with players in New Jersey – but Cashcow is already looking further ahead. The company has taken encouragement from other states beginning to loosen restrictions and is positioning the site to be the go-to place for finding legal U.S. online gambling as more regulations are relaxed.

Co-founder Mika Kujapelto said, “We are extremely excited to enter the U.S. market, which is beginning to realise its enormous potential.

“Our team has worked hard to ensure that our new USA Online Casino Finder product is ready to serve New Jersey players with 100% legal online casino options from some of the safest operators around.

“Exciting times are ahead, both for Cashcow and the U.S.!”

Source: Online.CasinoCity.com