Posts Tagged "Malta"

Unibet confirms €59 million iGame acquisition

Unibet confirms €59 million iGame acquisition

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.

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London to Host The BiG Sports Dinner Again

London to Host The BiG Sports Dinner Again

The BiG Sports Dinner has been in existed for one year now. The event mostly focuses on raising charity funds. After it was initiated last year in September in London, the event will be back again at the same venue this year in September. The event which was launched by its main sponsor Microgaming; one of the biggest software provide will be held at the iconic The Dorchester hotel, based in the city of London on the 17th of September 2015. During the inauguration of the event last year, a total of 250 delegates took to their seats and were accorded with all sorts of entertainment that ranged from illusions, raffles as well as awards show.

Bigger and better charitable Function

The main agenda in the current year’s event is to bring more attendees and make it bigger and bigger. This will be achieved as the organizers have sent invitation cards to various celebrities who would range from the sporting world as well as other dignitaries to be observed. As it was during its initiation, the gigantic Microgaming has claimed that will be the host sponsor of the PlayItForward campaign.

For the second year running, Austin Healey will be the MC and will be accompanied by great global names such as former Tottenham’s coach Harry Redknaap, Jamie Spencer, Chris Kamara from Sky TV and several celebrities. It is however not clear if the anticipated illusion will again form the basis of much fun as it is intended to perform magic among the audience.

MiGS in Malta

This will also be accompanied by another major event that would involve the launching of the MiGS an associate of Microgaming’s BiG Sports Dinner on the 17rh of November in Malta. This will be an act of expanding the popularity of the charity event beyond the walls of London. The two events see the presence of John Barnes who is fully committed to charity work.

The BiG Foundation and Microgaming are on the brick of yet another big charity event that will have a hand in supporting several charities among them the Bobby Moore Fund, The Kinetic Foundation, Restart Rugby, The Injured Jockeys Fund, The Lord’s Taverners and Meningitis Now. This year’s event is expected to surpass the £12,000 that was collected in last year’s edition.

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