Two companies; the iGaming technology and platform supplier Playtech have claimed that they have joined hands their poker rake system to form one single platform. The new amalgamation has resulted to Playtech’s iPoker network which is believed to have all the resources which would be integral in the building of bold player liquidity mainly to its loyal clients in the online poker markets.

This comes after Playtech poker hierarchy announced that the association went under endorsement which would work hand in hand with the new initiation of the Source Based Rake (SRB) back in February. The new SRB was initiated with a view of incorporating more clients who would make hand-outs to the poker platforms with specific aspect of the calculating net rake donations by each player to the network liquidity.

The new SRB technology would enable Playtech to award their loyal gamers that may have in essence done much of the contributions to its poker system. They would also award those gamers who are hit by losses in attempt to develop a solidified growth. Moreover, Playtech claimed that it word also award those player who wins with a small portion with the rest being awarded to losing players for the purpose of equity.

According to the head of iPoker at Playtech Joerg Nottebaum, the prefacing of the SRB program back in February, the aspect of valuation formula accorded to new players has been pleasant to the company. This new advancement has been integral as it has checked on past concerns that have hit the network and created room for the acquisition of new licenses that would be used in the development of their poker incomes as well as re-investing back to poker.

He continued to note that the new network provides a recovered surroundings which in turn incorporates new licenses that bring in substantial incomes which have their own player recreation rather than engaging in fights in very little boundaries to players who win big.

He concluded by claiming that this comes for the better and brighter future of their licenses as well as clients who would benefit in the broad poker liquidity and this would in turn bring in richer choices in the poker variation sector.

Betting companies continues to assimilate their counterparts in attempt to increase their revenue in the betting market. Recently, Unibet Plc has acquired the iGame Holding Plc a betting operator that is based in Malta.

It has been claimed that Unibet cashed out a total of €59 million (£41 million) to acquire the iGame services with all its collection included. It earn out payment will be offered to the company with the deadline set to 30 June 2016. The calculation of the earn-out payment is the product of the EBITDA by 6.2 which is deemed to run up to €20m. This includes the aspect of the company over performing.

For the initial six months in 2015, iGame claimed that it had gunned a total of €13.7m with the addition of €4.7 million from the H1 2015 EBITDA. It further noted that it had acquired more than 75,000 clients at the time.

Following the acquiring of the iGame, Unibet will be among the top operators in the Nordic betting markets. The company seeks to extend is market services across the globe as it was evident in 2014 when the company acquired UK based bookmaker Stan James for £19 million with an aim of increasing its revenue.cal

The CEO of Unibet Henrik Tjarnstrom claimed that that the acquisition of iGame comes at an advantage to them as the firm has a very strong fan base and that they would bring together mobiles, cross channel and product expertise at a bigger scale and would equip their casino with all sorts of slots to increase income.

At the same time, Tommi Maijala the CEO at iGame claimed that it was his pleasure to joined hands with the Unibet group with the aim of putting into practice their same agenda of being on service to their clients as well as making developments in their operations daily. He trusted the association and believed that both parties’ clients will acquire the benefits at their hand. The two firms would initiate development and growth in improving their products offered.

Heads at Unibet claimed that the managerial hierarchy under the supervision of CEO Tommi Maijala would remain intact and would be subjected to withholding schemes that would aim at delivering the business plan for the next couple of years.

Football fantasy lovers have something to smile about and make their betting easier. This follows the news that Goal.com has finally agreed a deal with the Fantasy iTeam (FiT) who are the founders and initiators of the Mirror’s Premiership fantasy football as well as the mobile application. The two firms have joined hands in attempt to come up with a fresh and individual fantasy offering for users known as the European Super League.

Since the initiation of football fantasy to digital world players have been limited to few leagues. Moreover the previous app working with fantasy football has been deemed difficult to work and play on. However, the new app provides its users with an exclusive variety of selections where one can choose his or her best combination from the five popular leagues across Europe. These football leagues are: English Premier League, Italian Seria A, Germany’s Bundesliga, the French Ligue 1 and Spanish La Liga.

As they say same mud, same blood, the Goal.com provides users with a free download just like it was the case with FiT Premier League app. The platform provides users with adequate time to pose challenges amongst their pals. This will be accompanied by amazing prizes that waits to be won with the highest going more than £15,000. Furthermore, the app will be accompanied by up to date updates which will be either live scores as well as squad news.

The Commercial Director at Fantasy iTeam Phil Shaw claimed that it was great pleasure to see his company indulge in yet another deal this time with Goal.com after they had a previous successful partnership with The Mirror. He added that he was very happy to be among the launchers of the new app.

He added that the new app of The European Super League is a fresh and an exclusive perception in fantasy football and they did their best to design it so that it can not only serve the UK based users but also the global populace. This is an achievement that will be meet having in mind that Goal.com has an attractive aspect of having millions of fans every month.

The CEO of New Ventures, Perform Group Ben Warn on the other hand claimed that he was pleased to join hand with the Fantasy iTeam and this will raise the old fashioned style that Goal.com used to operate on.

It was reported that 888 an online casino and a poker company that operates under the management of two Israel brothers Aaron and Avi Shaked gave out a total believed to be nearly $1.4 billion to Bwin. However, 888 has recently faced a stiff competition from GVC Holdings Plc. an online betting company that has risen the bid of acquiring the Bwin.party Digital entertainment to $1.55 billion.

Bwin who allegedly puts itself on sale last year was first involved in a deal with 888 online casino and betting firm who gave out 900 million pounds to acquire Bwin’s stock at the beginning of the month.

This deal was placed in the M&A activity in the market and this is expected to be a routine as various companies tend to expand themselves as a way to increase their chances of funding their technology and markets.

GVC has overdone 88 as the firm offers 122.5 pence each share from which 25p would be in cash form while the rest would be in GVC shares. This surpasses 888”s offer of 104.09 pence by a stunning 18%.

Reports from Bwin claimed that they were putting into consideration the new offer that was tabled by GVC and would make an official statement soon. Its selling comes after it was evident that there was a great decline in the regulated poker markets based in Europe. The company was initiated when online poker group PartyGaming and sports betting group Bwin merged in 2011.

Analysts at Panmure Gordon claimed that it would preferably for GVC to acquire the firm as stakeholders of GVC will have a 10% premium and this would be more than that offered by 888. GVC on the other hand claimed that it would push for the deal following its loan acquisition of 400-million-euro ($440 million) from Cerberus Capital together with its fresh incorporated shares. It also has a backing of Amaya Inc. its partner based in Canada which would give in 908 million pounds towards the deal.

Moreover, an additional 150 million pounds would be raised via its equity placing to an endowment reformation costs and refund the existing debt of Bwin.party. Despite it being a third of market value in comparison to Bwin, GVC believes that its cost benefits would raise up to 135 million every year come 2017. During the London Stock Exchange markets, Bwin’s share rose up by 2.3% to record at 111.1 pence while that of GVC decreased by 0.5%.

An announcement by from BetConstruct confirmed that Association of Gaming Equipment Manufacturers (AGEM) through its board of Directors that there was a unanimous agreement for it be a member of the association. BetConstruct is now a member of the association which is nonprofit and deals with representation of suppliers as well as manufacturers of electronic gaming devices, key components, table games, systems support products and services and online technology all for that are designed for the gaming arena.

BetConstruct through their Chief Executive Officer, Vahe Baloulian, said that they were honored that they had gotten a unanimous vote, into them joining the association that they considered stemmed and plays an important role in helping active and relevant players in the industry come together. He further added that the Association of Gaming Equipment Manufacturers was in the front line in providing great services to the members and help is solving issues that are faced in the industry in the day to day endeavors. Baloulian said that they were glad for the move and were eager to work with other members in the Association.

AGEM also showed its enthusiasm of BetConstruct joining as a member of the association. Through the words of Marcus Prater, AGEM’s Executive Director. He said that they were glad to welcome BetConstruct in their fraternity at a time that was crucial for suppliers around the world and together they would help deal with the day to day issues facing the industry as a whole. He added that having an association with AGEM is of great importance for companies that were trying to establish themselves in the industry of gaming that is tied with many rules and regulation. Prater said that BetConstruct will for sure benefit from the wide advantages and benefits that comes as being a member of the Association.

AGEM, which is based in the United States, said that they were working to address issues that were being faced by the gaming companies as well us furthering gaming equipment supply all across the globe. They were working to achieve this through trade show partnerships, political action, information dissemination as well as good corporate membership.

Jim Mullen, the current Chief Executive Officer of Ladbrokes, said that he wanted to restores the companies pride and passion of being the go-to company when it comes to sport betting across the globe and in all what it does. He did this as he was announcing the company’s business review that in a way had been delayed. In his merger on Ladbrokes deal with Coral, Mullen showed his plans that he had for the development of Ladbrokes of which he seemed to have set in place since he took over the Bookmaker’s leadership as the CEO at the start of the year.

He had a three year plan laid out for the bookmaker which include a campaign that was market oriented. Some of the plans set in the campaign include; a growth in the United Kingdom market in the Digital recreational sportsbetting customer base and would achieve these through direct marketing and intense branding, they would plan to achieve an accelerated growth and build a digital scale.

In the campaign also they plan to increase on the football retail across the UK and would do this through marketing, increased sponsorship and also selective improvement to fabric which would help to increase the company’s revenue. He also added in his campaign a plan to deliver a revenue growth across all channels from the Digital customers to the UK retailers and would achieve this through relevant offers and systems, retail staff training for the in shop avenues and also using incentives.

With the detail plan, Mullen further added that the program in place was planned to grow Ladbrokes as a whole in the Retail shops in the United Kingdom, through the Digital spectrum and also the Australian customer base. Through all this, his main goal was restoring Ladbrokes pride and passion on being at the heart of betting on sports in cultures.

He further added that this was an untapped resource and opportunity for the Bookmaker that would help the company grow to even higher scales. Through this Ladbroke would grow by 11% on the retail level alone not accounting for the online customer base. He said that their Australian business is a goldmine as it was showing rapid growth and much enthusiasm on sportsbetting and with continued support and innovation much is expected from this.