Saturday, August 13, 2022

Tag: Investment

Trinidad and Tobago modernise market with Gambling Control Bill

Trinidad and Tobago Gambling tax bill
After six years of “filibustering” by an incorrigible opposition bloc in the senate, Trinidad and Tobago has passed a new bill that will raise gambling taxes 6-fold - and potentially pave the way for igaming licences through a new regulator.

EveryMatrix opens games studio in Miami

EveryMatrix opens games studio in Miami Armadillo Studios
EveryMatrix is pleased to announce its first iGaming development investment in the United States. Armadillo Studios will be part of EveryMatrix Group and based at the company’s headquarters in Miami, Florida.

Vietnam to relax gambling investment criteria

Vietnam gambling investment
Vietnam’s Ministry of Finance aims to amend the country’s gambling decree to make investment in the nascent casino sector (and surrounding infrastructure) more appealing.

Romania’s Superbet secures E175m Blackstone investment

Vlad Ardeleanu Managing Director Superbet
Quickly becoming a household name in Central and Eastern European, Romanian bookmaker Superbet has won the seal of approval from US investment fund, Blackstone, along with a E175m cash injection.   Rising star in Romanian gambling, Superbet, has secured a E175m investment from US investment fund, Blackstone. In return, the Blackstone Tactical Opportunities (BTO) division is taking a minority stake in the...

Vietnam racing for gaming investment in 2019

Vietnam, Golden Bridge
Vietnam’s Communist Party is quickly picking up the pace on gaming legislation, attracting billions of dollars in foreign direct investment for new casino and racing facilities this year. But as local gaming professor Augustine Ha Ton Vinh, points out…

Hong Kong’s Alphaslot announces multimillion USD investment led by China’s Sora Ventures

Hong Kong, Alphaslot, Multimillion, USD, Investment
Alphaslot, the blockchain gaming ecosystem creator, today announced that it raised a multimillion USD investment round led by Sora Ventures from China with participation from Hong Kong’s Credito Capital and Shinobi Capital, Singapore’s Spartan…

Board of Scout Gaming Group decides to conduct directed rights issue of 900,000 shares

Scout Gaming Group, shares, financial, investment
The Board of Scout Gaming Group has decided to issue a new issue of 900,000 new shares to institutional investors. The new issue was signed by Swedbank Robur, which after the Rights Issue becomes a significant owner with 1 180 000 shares (8.88% of the share…

Nazara expands African market presence ahead of public listing

INDIA, INVESTMENT, Nazara, technology
Nazara Technologies Limited has entered late-stage discussions to acquire several real money gaming firms in Africa and India ahead of a public market entry in February 2019. The Mumbai-based social gaming and esports company has reportedly

Nektan flags US market entry as revenue grows 65 percent

Nektan has confirmed it will enter the US market before the end of this year as part of a Q318 trading update which revealed net gaming revenue of $8.3m. The figure marks a 64.6 year on year rise for the gambling software provider, and comes ahead

LCG offers cryptocurrency trading as volatile market proves profitable

London Capital Group has expanded its trading platform to include CFD products in cryptocurrency. The fixed rate investment provider will provide trading options on established blockchain currencies including Bitcoin and Ethereum.

BlockChain Innovations Corp. announces letter of intent to go public as US Supreme Court overturns Sports betting Ban

International blockchain technology supplier, BlockChain Innovations Corp. has announced that it has signed a letter of intent with Capricorn Business Acquisition Inc. for its qualifying transaction to go-public in the Third Quarter of 2018.

Threat of Bet365 exit prompts online operator assurance from Gibraltar

A heavy investment in Malta by Bet365 has raised concerns for its Gibraltar headquarters, however the British Overseas Territory has maintained its online sector remains steady as a rock. Reports that Bet365 is preparing to cease operations in Gibraltar,

Investors stay positive on UK machine review

Betting Business, investors Ladbrokes sites
  With a potentially calamitous review of high street gaming machines due to be announced any day now, investors in British bookmakers exposed to sharp losses are remaining remarkably cool.   The Triennial Review of UK gaming machines will include measures to reduce the maximum stakes on fixed-odds betting terminals this month. Currently at £100 per spin, sources close to the review...

Easy Payment Gateway receives £5.5m injection

Easy Payment Gateway £5.5m
Online payment specialist for BetVictor, iGC, Nektan, VodooDreams, Ikibu, and more, Easy Payment Gateway (EPG), has bolstered its war chest after completing a £5.5m funding round.   The investment will be spread over two phases, with an initial £2m followed up by a further £3.5m once all KPIs are met. Easy Payment Gateway claims it plans to use the cash to drive...

Alcuin announce multi-million pound investment in Dovetail Gaming

Betting Business Dovetail Games
Alcuin Capital Partners Simulation finalise multi-million pound investment in simulation game developer Dovetail Games   Livingstone Partners LLP has overseen a multi-million pound growth capital investment in a market-leading augmented reality gaming company, Dovetail Games, by Alcuin Capital Partners. Dovetail will focus the capital into developing technology and content for its train, flight and other simulation games, alongside funding its new player...