Latest News

Betsoft Gaming releases crime caper of the year with Return to Paris™

Published

3 years ago

October 28, 2021

Reading Time: 3 minutes

Renowned content provider, Betsoft Gaming, once again shows its provenance as the market leader for true cinematic iGaming slots with stunning release Return to Paris, the Thief with an eye for an antique is back – and so is the Cop, looking to hunt him down! Loaded with frequent wins, Multipliers, explosive Wilds and an engaging Free Spins round, this five reel 20 payline slot is the cartoon crime caper of the year.

Welcome to Paris by night: the romantically lit boulevards and shimmering Eiffel Tower are the backdrop to the museum, full of priceless artwork – including the Mona Lisa – and the crown jewels. On duty is the Cop, ready to protect Paris’ artefacts from the light-fingered Thief. Each piece of stolen artwork has its own Multiplier – the more you recover of each symbol, the higher the Multiplier! It’s a race against time as the Thief must put his loot in the unique bar-counter under the grid and build up the Multipliers before the Cop catches up with him.

Studded with fabulous graphics, Return to Paris showcases Betsoft’s trademark cinematic skills. Jewels and statues are the high value symbols and a Monet-inspired painting is the WILD. The Thief steals a nearby symbol and stashes it in his collection whilst taking its place on the reels. Each theft increases the on-screen MULTIPLIER COUNTER by one and a random symbol will replace the stolen one as the Thief moves on. Spin the reels to find the Cop. With a screech of tyres and a wailing siren, he will chase the Thief around the grid to put him behind bars and return the stolen goodies. The player gets a win PLUS the built-up Multiplier. The Multiplier is then reset to 1 and the chase starts all over again.

European Gaming Congress 2024 (Warsaw, Poland)

The big draw is the Mona Lisa and this fulsome lady is clearly loving her starring role as the SCATTER. Appearing only on reels 2, 3 and 4, when THREE Mona Lisas appear, the FREE SPINS round is triggered. You’ve seen the Mona Lisa but we bet you have never seen a FREE SPINS round like this!

The open-ended round starts with the Cop and the Thief in opposite corners of the grid. Each spin moves them vertically or horizontally in a random direction. The Thief continues to steal everything in his path, adding constantly to the Multiplier as the Cop chases him down.

Until they meet on adjacent squares, Free Spins will keep triggering – with up to 1,000 FREE SPINS to be had!

The trusty law enforcement officer will return all the stolen art at the end of Free Spins and the player will receive a Five of a Kind equivalent payout PLUS any built up Multipliers from the symbols. The Multiplier is then reset to 1 and the chase is back on!

The Cop is no pushover however: not content with just chasing the Thief and returning his ill-gotten gains, when they both appear adjacently on the reels – horizontally or vertically – things get hot. A bundle of dynamite rolls on to the screen and BOOM! All symbols become Wilds in the WILD EXPLOSION feature bringing even more big win chances your way.

With high frequency hit rates in the base game and super high frequency hit rates of 82.97% in the Free Spins round PLUS 1056x your stake to be had, it’s not surprising that everyone will Return To Paris this autumn!

Anna Mackney, Head of Account Management, Betsoft Gaming, said: ‘Betsoft Gaming has surpassed even its own legendary cinematographic skills with Return to Paris. The incredible attention to detail makes this release fresh with every replay. The atmospheric soundtrack, with its Parisian street music, sirens, explosions and humorous mutterings, reinforces the theme fantastically well. This release sets a new bar in iGaming content and we anticipate a very positive response.’

Scheduled for release 28^th October 2021, Return to Paris will join Betsoft’s constantly growing and award-winning portfolio of desktop and mobile video slots.

Latest News

Stretch Network Crazy Promotion

Published

16 minutes ago

November 15, 2024

George Miller

Reading Time: < 1 minute

Stretch Network is thrilled to announce a crazy opportunity to engage and reactivate small- and medium-stakes poker players with the launch of our latest tournament.

Tournament Details:
Name: CRAZY?! [Overlay Edition]
Guaranteed Prize Pool: €11,111
Buy-in: €1
Re-entry: €1
Start Time: 17:00 (UTC+0)
Date: November 24, 2024
Table Format: 8-max
Max Players: 2000
Entry Phases: Starting from just €0.1

This event is guaranteed to have an overlay, providing exceptional value and sure to generate excitement within the community.

Collaborate to make CRAZY?! [Overlay Edition] an unforgettable experience for your players.

The post Stretch Network Crazy Promotion appeared first on European Gaming Industry News.

Bragg

Bragg Gaming Group Announces Record Third Quarter 2024 Revenue of Eur 26.2 Million (USD 29.3 Million)

Published

16 minutes ago

November 15, 2024

GamingAmericas.com

bragg-gaming-group-announces-record-third-quarter-2024-revenue-of-eur-262-million-(usd-29.3-million)

Bragg Gaming Group, a global B2B content-driven iGaming technology provider, reported record revenue for the third quarter of 2024.

Summary of 3Q24 Financial and Operational Highlights

Euros (millions)⁽¹⁾	3Q24	3Q23	Change
Revenue	€ 26.2	€ 22.6	15.9 %
Gross profit	€ 14.0	€ 11.9	18.1 %
Gross profit margin	53.5 %	52.5 %	99 bps
Adjusted EBITDA⁽²⁾	€ 4.1	€ 3.8	7.1 %
Adjusted EBITDA margin	15.6 %	16.9 %	(129) bps
Operating Income (Loss)	€ (0.4)	€ (2.1)	(81.0) %

(1) Bragg’s reporting currency is Euros. The exchange rate provided is EUR 1.00 = USD 1.12. Due to fluctuating currency exchange rates, this reference rate is provided for convenience only.
(2) “Adjusted EBITDA” is a non-IFRS measure. For important information on the Company’s non-IFRS measures, see “Non-IFRS Financial Measures” below.

Chief Executive Officer Commentary
Matevž Mazij, Chief Executive Officer for Bragg, commented, “The third quarter marked another period of strong growth and record results for Bragg. Revenue grew 16% year-over-year, gross profit increased 18%, and Adjusted EBITDA rose 7%. In the U.S., strong third quarter revenue gains from content distribution helped drive a 40% global increase in proprietary online content revenue year-over-year.

“Additionally, we announced today that the Board of Directors has unanimously decided to conclude its review of strategic alternatives for Bragg. After extensive evaluation and deliberation, the Board determined that the ongoing execution of the Company’s strategic plan is the best way to maximize value for shareholders at this time.

“Since stepping in as Chairman 16 months ago and then as CEO 14 months ago, we’ve transformed our executive team, restructured commercial operations, and sharpened our sales strategy with a targeted, jurisdictional approach. These decisive actions position us to drive growth and capture market opportunities with greater precision and impact. Under new leadership, we’ve built a strong pipeline of tier 1 opportunities across key markets and key products, positioning Bragg for accelerated top- and bottom-line growth.

“With the strategic review process now complete, Bragg is now fully focused on commercialization and unlocking profitable growth, without the need for significant new investment in product development. Our decade-long investments in technology and talent, combined with a robust leadership team, have built a scalable platform that uniquely positions us for aggressive growth in 2025 and beyond. With significant operating leverage now within reach, we’re poised for an exciting, high-growth, and profitable future.”

Third Quarter 2024 and Recent Business Highlights

Launched its newest games and Remote Gaming Server (RGS) technology with Caesars Digital in Pennsylvania and Ontario. The launch marked the expansion of Bragg’s existing partnership with Caesars Digital, following earlier launches in New Jersey and Michigan respectively, doubling the number of states/provinces in which Bragg content is offered on Caesars Palace Online Casino and Caesars Sportsbook & Casino.
Launched its newest games and RGS technology with FanDuel in New Jersey, adding to its existing distribution with the leading North American operator in Michigan, Pennsylvania, Connecticut and Ontario
Post-quarter end, the Company additionally launched its newest games and RGS technology with bet365 in New Jersey, following on from its second quarter launch in Pennsylvania, and an earlier launch in Ontario with the major global iGaming operator
Launched HardRockCasino.nl in the Dutch market, supplying its cutting-edge player account management (PAM) software to the brand. The agreement is Bragg’s 6th PAM customer in the Netherlands, reinforcing Bragg’s status as the leading technology and content supplier in the Dutch market
Launched the Kambi sportsbook on 711.nl, adding an additional revenue-generating product stream to a key PAM customer in the Netherlands
Management is pleased to announce the appointment of Robbie Bressler to CFO of Bragg, effective immediately. Robbie had been serving as Bragg’s interim CFO since July 1, 2024.

Additional September 30, 2024 Key Financial Metrics

For the nine-month period ended September 30, 2024, Cash flow generated from operations was EUR 8.4 million (USD 9.4 million), compared to EUR 6.2 million (USD 6.9 million) for the nine-month period ended September 30, 2023.
Cash and cash equivalents as of September 30, 2024 was EUR 11.6 million (USD 13.0 million) and net working capital, excluding deferred consideration, loans payable, and convertible debt, was EUR 11.3 million (USD 12.7 million)

Strategic Alternatives Process Concluded
The Bragg Board announced the strategic alternatives process in March 2024 with the formation of a Special Committee, comprised solely of independent members of the Board. The Committee, together with its advisors Oakvale Capital LLP and Blake, Cassels & Graydon LLP, evaluated a wide range of strategic alternatives for maximizing shareholder value including a potential sale or merger of the Company. Bragg solicited interest from a significant number of potential counterparties and received multiple non-binding proposals.

After careful consideration, the Board, on recommendation from the special committee, unanimously determined that none of the proposals received reflect the Company’s intrinsic value or current and projected financial performance, and therefore elected to conclude its review and disband the Special Committee.

Don Robertson, independent Board member and Chair of the Special Committee, said, “After a comprehensive and exhaustive process, the Committee recommended, and the Board unanimously agreed, that continuing to execute Bragg’s strategic plan as an independent public company is the best approach for maximizing shareholder value. Although the process has now concluded, Bragg’s Board will continue to be open to and consider all opportunities for enhancing shareholder value.”

“Over the past year, our financial performance, cashflow generation and revenue outlook have significantly improved. We remain extremely confident about our business plan, operating strategy, and financial prospects” said Matevž Mazij, Chairman and CEO of Bragg.

Reiterates Full Year 2024 Guidance and 2025 Outlook
Bragg reiterates its 2024 full year revenue guidance range of EUR 102.0-109.0 million (USD 114.2-122.1 million) and its full year Adjusted EBITDA range of EUR 15.2-18.5 million (USD 17.0-20.7 million), noting that the Company is currently tracking to the lower end of guidance.

Bragg is actively advancing a robust pipeline of opportunities that is anticipated to drive strong momentum as we enter 2025. The outlook for 2025 remains positive, with expectations of sustained double-digit top line growth, expanding bottom line margins, and increased operational leverage, further strengthening Bragg’s position in the market. The preceding guidance and outlook constitute forward-looking information within the meaning of applicable securities laws, and is based on a number of assumptions and subject to a number of risks.

BetMGM

BetMGM and Vegas Golden Knights Announce Multi-Year Partnership Extension

Published

16 minutes ago

November 15, 2024

GamingAmericas.com

betmgm-and-vegas-golden-knights-announce-multi-year-partnership-extension

BetMGM, a leading sports betting and iGaming operator, announced an extension of its partnership with the Vegas Golden Knights through the 2026-27 season. As part of the agreement, BetMGM will continue as an Official Betting Partner of the Vegas Golden Knights with prominent signage on the Knight Tron and throughout T-Mobile Arena as well as co-branded content and exclusive promotions. The partnership also features multiple fan engagement opportunities including watch parties and Toshiba Plaza activations.

“BetMGM is proud to continue our partnership with the Vegas Golden Knights, giving us the opportunity to create memorable moments alongside one of the world’s most passionate hockey fan bases. Las Vegas is BetMGM’s hometown and an integral part of our DNA, so the Golden Knights are a natural fit for our brand.” – Matt Prevost – BetMGM, Chief Revenue Officer.

Throughout the season, BetMGM will host watch parties featuring team mascots at various MGM Resorts destinations. The operator also will plan activations in Toshiba Plaza during select Golden Knights home games where fans can begin the BetMGM mobile app registration process for the chance to win prizes.

“BetMGM is a long-standing partner with the Golden Knights and a brand synonymous with this great city,” said Vegas Golden Knights President and CEO Kerry Bubolz. “We look forward to continue working together on events and activations that we know entertain our fans.”

Lance Evans, SVP Sports and Sponsorships, MGM Resorts, said, “The Vegas Golden Knights play a core role in the Las Vegas sports and entertainment experience and it’s a privilege to welcome both local and visiting fans to our properties before, during and after games. Together with BetMGM, we look forward to co-hosting events that will allow guests to engage with their favorite teams in new and exciting ways.”

BetMGM users can take advantage of the robust offering of prop markets for Golden Knights games this season, frequent in-app odds boosts and the interactive same game parlay betting feature. New BetMGM customers who download the BetMGM app and verify at one of BetMGM’s nine retail sportsbooks within walking distance of T-Mobile Arena will receive a first bet offer of up to $250 paid back in bonus bets if their first bet loses (offer only available in Nevada; bonus bets are non-withdrawable and expire in seven days.) Through the recently launched single account and wallet app upgrade, BetMGM users who sign up in Nevada and reside in other BetMGM U.S. mobile markets can continue to wager upon returning home.