Thursday, November 15, 2018

Gambling Company Global Gaming Tops Deloitte’s Sweden Technology Fast 50 List

Casino News Daily
Gambling Company Global Gaming Tops Deloitte’s Sweden Technology Fast 50 List

The Malmö-based online gambling company recorded a nearly 100,000% revenue growth over the past four years

Swedish online gambling company Global Gaming has been crowned its homeland’s fastest growing technology company. Global Gaming landed the top spot in Deloitte’s Sweden Technology Fast 50 list, after registering a 97,982% growth over the past four years, which represents a new record for the Swedish Fast 50.

The winner’s of the Sweden Fast 50 ranking were announced at a special award ceremony that took place yesterday. Deloitte’s Technology Fast 50 list ranks Swedish tech companies based on their revenue growth over a four-year period. The list includes both private and public companies from different technology fields.

Global Gaming, this year’s winner, is a Malmö-headquartered online casino company. It runs a number of online casinos, with Ninja Casino being its flagship operation. Viking Slots, SpelLandet, and NettiCasino are some of the other brands operated by the company. With additional offices in Malta and Estonia, Global Gaming operates in a number of international markets, but is mostly focused on the Nordics.

The company generated revenue of SEK458 million in 2017, which reflected a growth of 97,982% over the past four years. Global Gaming entered Deloitte’s list of Sweden’s fastest growing companies for the first time this year.

Media and entertainment companies occupied the top 5 spots in the ranking and they were all newcomers to it. Other gambling businesses that were included in the list were casino game developers and suppliers ELK Studios and Thunderkick, which ranked 4th and 16th, respectively, as well as gambling group Cherry, which ranked 34th. All three companies are based in Stockholm.

Global Gaming Terminates White Label Operations

The announcement about Global Gaming topping the Sweden Technology Fast 50 list arrives shortly after the company revealed that it would terminate its white label operations in order to be able to focus more of its efforts and attention on its B2C business.

Global Gaming’s white label branch would cease operations during the current quarter. The company said in a statement from earlier this month that it would cease generating revenue from those operations beyond the end of the year. As mentioned earlier, Global Gaming will instead be focusing its attention on its B2C offering, including the Ninja Casino and the SpelLandet brands.

In a statement, CEO Joacim Möller has explained that B2B only accounted for a small portion (around 2%) of their revenue for the third quarter of the year, and that that particular business no longer justified the cost of running, maintaining, and developing and was no longer consistent with their growth strategy.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post Gambling Company Global Gaming Tops Deloitte’s Sweden Technology Fast 50 List appeared first on Casino News Daily.

Wednesday, November 14, 2018

Interblock grows its Gaming Operations department by adding Gaming Expert to North America Team

RSS
Interblock grows its Gaming Operations department by adding Gaming Expert to North America Team

Luxury gaming manufacturer Interblock® has appointed gaming expert Mario DiGuiseppe as Gaming Operations Manager in North America. In his role he will add to the company’s Gaming Operations department supporting the mid-west region of the country by serving as a liaison between our customers and all departments within Interblock from R&D to Sales.

Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace

Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace
compass

For now, there are 8 retail sportsbooks and 8 online sports betting apps in New Jersey. But NJ sports betting is just getting started.

The post Your Guide To NJ Sports Betting As NFL And NBA Games Pick Up The Pace appeared first on .

Betway Limited awarded with ISO 27001 certification

World Casino News
Betway Limited awarded with ISO 27001 certification

Online casino and sportsbook operator, Betway Limited, has announced that it has been granted ISO 27001 certification by the United Kingdom’s eCommerce Online Gaming Regulation and Assurance (eCOGRA) testing agency. Evidence of data security: The iGaming firm holds licenses from regulators in Malta, Denmark, Ireland, Belgium, Germany, Italy, Spain and the United Kingdom and used an […]

Tennessee Lawmaker Introduces Sports Betting Bill; State Elects Anti-Gambling Governor

Casino News Daily
Tennessee Lawmaker Introduces Sports Betting Bill; State Elects Anti-Gambling Governor

Sports betting will be taxed at 10% on revenue, if House Bill 1 passes through the Tennessee Legislature

A Tennessee lawmaker has moved to propose the legalization of sports betting so that the state can take advantage of additional revenue and the growing interest in regulated wagering across the United States.

The Tennessee General Assembly adjourned just two weeks before the US Supreme Court’s mid-May ruling that struck down the long-standing federal ban on sports betting, and local lawmakers did not have the chance to take any actions regarding the legalization of the activity on the territory of the state.

However, it seems that the case will be different next year. News emerged earlier this week that Rep. Rick Staples has tabled a bill that proposes the legalization of sports betting in Tennessee. The bill contains provisions for the regulation and taxation of the local wagering market, if one is created.

Dubbed House Bill 1, the piece of legislation was introduced last week, a day after the November 6 midterm elections. Under its provisions, communities will be able to decide whether they want sports betting in their respective regions via local elections.

If legalized, sports betting services will be taxed at 10% on revenue. Tax money will be split between the Tennessee general fund, local governments as well as community colleges and colleges of applied technologies.

Governor-Elect Opposes Sports Betting

During his election campaign, Governor-elect Bill Lee made it clear that he was not a big fan of sports betting. During an October debate, Mr. Lee said that he would be working closely with the state’s General Assembly to make sure that lawmakers would not approve any legislation calling for the legalization of betting.

The soon-to-be Governor further pointed out that he believed “organized betting frequently develops into organized crime that [they] don’t need in [their] state.”

Despite Mr. Lee’s stance on sports gambling, it seems that it is here to stay with more and more states jumping into the mix. As many as five states currently offer legal sports betting and Pennsylvania and Rhode Island are expected to join in anytime now. Neighboring Mississippi was among the first states to legalize and launch sports betting following the SCOTUS ruling. And according to figures reported by the Mississippi Gaming Commission, the state collected $660,000 in sports betting taxes for the month of September.

Under Rep. Staples’ bill, a state gaming commission will be created to oversee the sports betting industry. Commission members will be appointed by the Governor, the House Speaker, and the Lieutenant Governor. The bill sets a $7,500 license fee for companies interested to operate legal sports betting in Tennessee.

Rep. Staples started working on his bill the moment he heard the sports betting ban was struck down, the lawmaker has himself told media outlets. He worked closely with the General Assembly’s legal advisors to craft the piece. House Bill 1 took around five months to be prepared and was finished on October 1.

Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.

The post Tennessee Lawmaker Introduces Sports Betting Bill; State Elects Anti-Gambling Governor appeared first on Casino News Daily.

Tuesday, November 13, 2018

Richard Williams, Licensing Partner at law firm Joelson, comments on the Gambling Commission Regulatory Panel’s fine of Daub Alderney Ltd (Stride Gaming):

RSS
Richard Williams, Licensing Partner at law firm Joelson, comments on the Gambling Commission Regulatory Panel’s fine of Daub Alderney Ltd (Stride Gaming):

“This is an astonishing penalty imposed by the Gambling Commission’s Regulatory Panel on Daub Alderney Limited, part of the AIM-listed Stride Gaming Group. 

Swedish player banks life-changing Joker Millions progressive jackpot

World Casino News
Swedish player banks life-changing Joker Millions progressive jackpot

A lucky online casino player in Sweden is celebrating this week after taking home €7,832,262 ($8,833,383) in cash courtesy of the progressive jackpot tied to the Joker Millions video slot from developer, Yggdrasil Gaming Limited. Mobile pay-day: The Malta-based firm used an official press release to detail that the life-changing sum was won late on Friday […]