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Bet365 to Expand its Operations in Malta

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Bet365 is going to expand its operational presence in Malta. Bet365 has operated with a dual regulatory and licensing strategy position between Malta and Gibraltar for a number of years. The online gaming operator is now planning to relocate certain functionality to Malta due to ongoing concerns about Brexit.

Confirming the news, a Bet365 spokesperson said the operator plans to maintain a presence in Gibraltar, with the “final rationalisation to be determined after we have completed our staff consultation.”

“From an operational and technical perspective and given our operating model, it has become increasingly challenging to efficiently run multisite operations and this has necessarily resulted in us conducting a review of our operations,” the statement said.

The spokesperson said Bet365, along with many other igaming brands in Europe, continues to operate in a “highly uncertain environment, driven primarily by the continuing Brexit landscape,” and this had a major impact on its decision to expand in Malta.

“To assist with business planning and in order to maintain operational effectiveness, we intend to enhance our Maltese operational hub and relocate certain functionality there. We are now consulting with staff in relation to such relocation. It is intended to maintain a presence in Gibraltar and the final rationalisation will be determined after we have completed our staff consultation,” the spokesperson said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Bet365 to Expand its Operations in Malta

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Shares of Madison Down 9.3%

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The Shares of Madison Square Garden Co have fallen their most ever after it disclosed the steep cost of building a new venue in the gambling mecca. The stock fell as much as 9.3% to $266, hitting its lowest mark since January.

Investors were jarred by potential cost overruns of a concert and event venue called the Las Vegas Sphere. MSG approved a preliminary construction budget of $1.2 billion, but a contractor estimated the expense would be $1.7 billion.

Even $1.2 billion would dwarf the budget of other venues. Las Vegas’s T-Mobile Arena, which opened just down the street in 2016, cost $375 million.

MSG plans to open the high-tech Las Vegas venue in 2021. It will host concerts, product launches, award shows and sporting events and feature an interior display the size of three football fields, the company said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Shares of Madison Down 9.3%

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Idaho Lottery Celebrates its 30th Anniversary

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Pollard Banknote Limited has congratulated Idaho Lottery on the success of its 30th Anniversary family of Scratch Games™, which launched in February at the $5, $10 and $30 price points. The three games performed extremely well and represents more than 22% of the Lottery’s total instant sales since their launch.

The Lottery’s 30th anniversary year also marked the launch of their first $30 ticket as part of this family of games. Players could also enter any non-winning 30th Anniversary Scratch Game ticket for a second chance draw with an opportunity to win cash prizes up to $30,000.

“Pollard Banknote’s collaboration on our 30th Anniversary family of games captured the playing public’s interest in this milestone year. We have been extremely pleased with the results of our 30th Anniversary Scratch tickets. They’ve led the way in the Idaho Lottery achieving record sales and dividends for our good causes. It’s been a terrific way to celebrate our success on behalf of public education in Idaho,” Jeff Anderson, Idaho Lottery Director said.

“We’ve had the pleasure of bringing many exciting games to market in Idaho. It’s an honor to help the Lottery celebrate its 30th anniversary with these three eye-catching tickets, and we look forward to helping the Lottery introduce innovative new games for many more years to come,” Byron Peterson, Director of Sales and Marketing, Pollard Banknote said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Idaho Lottery Celebrates its 30th Anniversary

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Playson signs partnership with Superbet

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Casino software developer Playson has signed a deal to provide its impressive suite of games to top Romanian operator Superbet.

The agreement will see the innovative slot provider boost the sportbook’s casino offering with titles including Solar Queen, Vikings Fortune: Hold and Win and Fruit Supreme: 25 lines, the latest addition to its Timeless Fruit Slots series.

Having recently obtained its Romanian licence from the country’s regulator (ONJN), this deal is an important step in expanding its influence in the Romanian market and across Eastern Europe.

Blanka Homor, Sales Director for Playson, said: “We’re delighted to have inked this partnership with Superbet and to offer its players our popular suite of slots.

“Expanding our presence in Romania has been paramount after obtaining our licence from the ONJN and we’re thrilled to offer our games to Superbet’s customers.”

Heather Faulkner, Head of Gaming at Superbet, said: “We’ve been hugely impressed with Playson’s portfolio, and we’re sure its games are going to be a big hit with our players.

“We’re delighted to be working alongside such a well-respected provider and look forward to a long and mutually beneficial business relationship.”

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Playson signs partnership with Superbet

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