Author: Staff Writer

EEG, in its strategic update on October 16, highlighted its activities during the past fiscal year, offering insights into its financial progress. The financial year ending on June 30, 2023, was a challenging one for EEG, following a turbulent 2021. In October 2022, the company faced uncertainty as it defaulted on convertible notes worth $35.0 million, leaving its fate in the hands of a creditor. By December, EEG contemplated abandoning the igaming sector and announced the departure of former CEO Grant Johnson. The same month, it narrowly avoided delisting from the Nasdaq stock exchange. January 2023 brought more changes as…

In October 2021, the prominent gambling conglomerate, Entain, made headlines with its acquisition of Unikrn, as part of its grand plan to fortify its presence in the esports sector. Fast forward to December 2022, and Entain relaunched the Unikrn brand with ambitious aspirations of expanding its reach into various regulated markets across the globe. However, less than a year after this grand relaunch, Entain appears to be adopting a more cautious approach. In a recent statement to iGB, Entain revealed its decision to scale back its direct-to-consumer operations within Unikrn. The motive behind this shift in strategy, according to Entain,…

Ukie has released new guidelines regarding loot boxes, following the establishment of a Technical Working Group in July 2022 by the Department for Culture, Media and Sport (DCMS). This initiative stemmed from concerns regarding the use of loot boxes in video games by underage players, which was perceived as a form of gambling. Loot boxes often require real money to unlock in-game features or items. The primary recommendation in the Ukie guidelines is that loot boxes should be inaccessible to young people unless explicitly enabled by a parent or guardian. This is aimed at enhancing player protection, particularly for minors.…

Openbox Gaming, a new player in the iGaming industry, is poised to provide global operators with exclusive access to a diverse array of highly successful casino games from Asia. Headquartered in Malta, this content distributor and facilitator has secured exclusive rights to over 200 casino-style games that enjoy immense popularity among players across Asia, particularly in key markets like Vietnam, Thailand, Indonesia, and Japan. These games encompass a wide spectrum, including table games, traditional board games, slots, and Asian Poker, and are currently enjoyed by over a million daily users on thousands of gaming platforms. Openbox Gaming’s unique position in…

Playson, a rapidly growing digital entertainment supplier, has achieved a significant milestone by securing a B2B license from the Gibraltar Licensing Authority. This achievement marks a pivotal moment for Playson, as it paves the way for the realization of its ambitious expansion plans. The granting of this coveted license comes on the heels of a highly successful year for Playson, and it sets the stage for an exciting roadmap of content releases scheduled for the upcoming year. Importantly, this content will now be accessible to operators licensed in Gibraltar. The journey to obtaining this license involved a rigorous and multi-stage…

The SOFTSWISS Casino Platform, a leading software solution for online casinos, is thrilled to announce a groundbreaking jackpot victory of EUR 2,997,688.8 at N1 Casino, all achieved with a remarkably modest wager of just EUR 0.8. This remarkable triumph was claimed by a player hailing from Finland, who struck gold at N1 Casino, an online gaming platform powered by the SOFTSWISS Casino Platform. The fortunate event unfolded during a gaming session featuring Templar Tumble 2 Dream Drop, a captivating title crafted by Relax Gaming, a prominent content provider in the iGaming industry. Simon Hammon, the CEO at Relax Gaming, couldn’t…

Brazil’s chamber of deputies has recently voted to approve online gambling, marking the final step towards regulating the market in 2024. This decision follows the senate’s approval of Bill 3,626/2023 on December 12th. The bill, initially approved by Brazil’s Economic Affairs Commission three weeks ago, faced significant opposition in the senate, resulting in three key highlights being voted on. The senate excluded igaming, virtual games, and sports betting terminals from the bill, while also rejecting an amendment prohibiting sports betting advertising in stadiums. Additionally, all taxation recommendations introduced by the Economic Affairs Commission on November 22nd were approved. This included…

Flutter, the well-known betting company, has announced its intention to list on the New York Stock Exchange (NYSE) on January 29, while simultaneously retaining its premium listing status in London. Formerly known as Paddy Power Betfair, the company is embarking on a secondary listing in the United States, with the possibility of pursuing a primary listing in the US at a later date. This strategic move is in response to Flutter’s growing presence in the US market, where it anticipates generating more than 40% of its sales this year. Despite its expansion across the Atlantic, Flutter reassured investors that its…

The British Horseracing Authority (BHA), Horse Racing Ireland, and the Japan Racing Association (JRA) have recently formed a collaborative entity known as the Joint Cooperation Committee. This strategic alliance is aimed at fostering cooperation and synergy among the British, Irish, and Japanese horse racing regulatory bodies. At the helm of this committee stands Joe Saumarez Smith, who not only chairs the new committee but also serves as the chairman of the BHA. The committee’s objectives are multifaceted, encompassing the promotion of Japanese horses, facilitating smoother interactions and connections between these distinct regions, enhancing industry awareness, forging a regulatory partnership, and…

The Victorian Commission for Gambling and Liquor Regulation (VGCCC) has found that eight venues operated by ALH in Victoria, Australia, were in violation of electronic gaming machine (EGM) operating hours and mandatory shutdown periods. This discovery came after activities were detected outside of permitted hours on 15 EGMs across these venues between February 15, 2023, and May 25, 2023. Gaming venues in the region are required to close for four hours after every 20 hours of gaming, and they must adhere to their designated operating hours for EGMs. All of the identified venues, except Boundary Taverner, were found to have…