Fortune Gazer by Dice Crafter & Air Dice

Once players hit a bonus round, they enter the Fortune Teller’s booth where they are presented with a deck of 15 tarot cards. If they pick the right cards, they win money, multipliers or extra turns. If they pick the wrong card, however… bang, they’re out of the booth!

Impeccably designed by Dice Crafter, an Air Dice Group Studio based in Oulu, Finland, this video slot takes its inspiration from a series of vintage tarot cards!

You can play a demo of Fortune Gazer here!Meet the Air Dice team at ICE 2022 by clicking here!

Go-live date (expected):12/4/2022Game special features:Fortune teller boothNumber of paylines:10Number of reels:5RTP% (recorded/theoretical):95.55% (theoretical)Variance/volatility:Low to mediumNumber of symbols to trigger feature/bonus?Land 3 or more Wheel Of Fortune scatter symbols to enter the bonus roundCan feature be retriggered?Yes, the players enter the Fortune Teller’s booth each time they hit a bonus roundNumber of free spins awarded?N/AStacked or expanding wilds in normal play?N/AStacked or expanding wilds in feature play?N/ANumber of jackpot tiers?N/AAuto-play function?Yes

Dutch withdrawal leads to 30% revenue drop for Kindred in Q1

The drop in revenue was mostly due to the fact that Kindred agreed to block all Dutch customers from 1 October, when the country opened its online gaming market, until it receives a licence.

This came in response to a change in enforcement policy towards unlicensed operators in the Netherlands, which led to LeoVegas, Betsson, Entain and Casumo all also taking the same decision.

At the time, Kindred CEO Henrik Tjärnström said the operator believed it did not have to block customers from the Netherlands as long as it did not target them, but said Kindred would not accept Dutch customers until it received clarification. However, Kindred later announced that its sites would continue to be closed to players from the Netherlands until it receives a licence.

This, it said, is expected to be in the second quarter of this year.

When compared to Q4 – when Kindred had already withdrawn from the Netherlands – revenue ticked up slightly, by 0.8%.

The operator said that without the impact of the Netherlands, revenue would have been down by 5% year-on-year, due to particularly strong numbers in Q1 of 2020 amid Covid-19 lockdowns in many of Kindred’s main markets.

Earnings before interest, tax, depreciation and amortisation came to £25m, which was 76.4% less than in Q1 of 2021. However, the figure was roughly in line with Q4 of that year.

When announcing the decision to withdraw, the business added that it expected the move would cost the company £12m per month in earnings before interest, tax, depreciation and amortisation (EBITDA) before any potential mitigation actions.

888 and Caesars agree to cut price of William Hill assets by £250m

The original deal stated that 888 would pay Caesars Entertainemnt £834.9m to acquire the assets, but this has been reduced by £250.0m to “reflect the change in the macro-economic and regulatory environment” since the initial announcement.

As a result, the total enterprise value of the acquisition – also including share-based payments – has been lowered from £2.20bn to £1.95bn.

The amended deal also includes an agreement to pay up to £100.0m in deferred consideration in 2024, conditional upon the enlarged group achieving a certain level of adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for 2023. If payable, 888 may pay this in cash or by issue of new ordinary shares.

“The board of directors of 888 continues to believe that the acquisition represents a transformational opportunity for 888 to significantly increase its scale, further diversify and strengthen its product mix and build leading positions across several of its key markets,” 888 said.

“The board continues to believe the acquisition has highly compelling strategic and financial benefits, with the current macro-economic environment and changing market conditions across its key markets only serving to strengthen the rationale for bringing together two highly complementary businesses and combining two of the industry’s leading brands.”

888 said alongside the strategic benefits, the combination is expected to deliver significant operating efficiencies, including pre-tax cost synergies of at least £100.0m by 2025, of which £15m would be in capital expenditure synergies.

The operator added that it expects to cumulatively achieve approximately £5m of such synergies in 2022, £54m in 2023, £70m in 2024, and £100m in 2025. 

“The enlarged group will be strongly growth-oriented, benefitting from a clear scale advantage and strong product and geographic diversification,” 888 said. “With a focus on regulated markets, it will be able to offer customers world-class products, supported by leading betting and gaming brands, driving sustained growth and shareholder value creation over the medium and long term.”

In terms of financing the deal, 888 has fully committed debt financing from J.P. Morgan, Morgan Stanley, Mediobanca and Barclays Bank PLC of approximately £2.1bn, which may take the form of senior secured term loans, other senior secured debt or other junior debt, as well as a fully committed revolving credit facility of £150.0m.

888 said it also intends to issue up to 70.8 million new ordinary shares via an accelerated bookbuild, representing approximately 19% of the total issued share capital of the business. This placing is expected to raise approximately £500.0m of gross proceeds to help fund the deal.

The placing, 888 said, will launch immediately following today’s (7 April) announcement.

“The company has consulted with its major institutional shareholders ahead of release of this announcement and the separate announcement on the placing, which has confirmed the board’s view that the placing is in the best interests of shareholders, as well as wider stakeholders in the company and will promote the success of the company,” 888 said.

A combined prospectus and circular for the acquisition will be published in the coming weeks, with a shareholder vote expected in May 2022 and completion in June 2022.

Meanwhile, 888 has issued a trading update for the first quarter of its 2022 financial year, saying revenue is likely to reach between $222.0m and $226.0m. The lower bound figure would be equal to Q4 of last year, while the upper bound would be 2% higher.

The positive performance, 888 said, reflects its continued focus on product and content leadership, customer excellence, and the ongoing success of its world-class brands and marketing. 

However, should these figures be accurate, revenue would be down year-on-year, with 888 estimated a mid-teens percentage decrease from Q1 of 2021. This, it said, would be due to regulatory and compliance impacts, including the temporary closure in the Netherlands, and a strong comparative period that was impacted by leisure restrictions across several key markets. 

888 expects to provide a more detailed Q1 2022 trading update later this month. 

The operator also published the 2021 full-year results for William Hill’s non-US assets ahead of the expected acquisition. Revenue in the 52 weeks ending 28 December 2021 increased by 7.3% year-on-year to £1.24bn.

William Hill online revenue in the UK jumped 24.9% to £628.6m, but international online revenue was 7.9% lower at £276.0m and retail revenue fell 4.9% to £336.8m.

Total adjusted EBITDA was 10.4% higher at £164.4m, primarily due to an 18.2% increase in online UK adjusted EBITDA to £154.1m. However, there were declines across international online, retail and central operations.

Looking to the 2022 financial year, revenue for William Hill is currently expected to grow by a low to mid-single digit percentage on a reported basis, with the normalisation of retail and underlying progress in online being partially offset by regulatory and compliance headwinds.

Retail return drives revenue up 31% at Entain in Q1

In a trading update, Entain said revenue from its retail operations across the UK, Ireland, Italy and Belgium for the three months to 31 March was more than 1,000% higher than in the same period last year.

During the first quarter of 2021, Entain faced a host of restrictions in each of these markets as governments and authorities sought to slow the spread of Covid-19. However, with these measures having been significantly relaxed, retail operations have returned to near-normal.

However, online net gaming revenue for the quarter as down 8% year-on-year, with online sports revenue falling 7% and wagers also down 7%, while online gaming revenue slipped 10%.

This, Entain said, was in line with expectations and attributed the decline to strong comparators in the previous year, when many players turned to online as retail locations were closed or faced heavy restrictions.  

Despite the declines in online, Entain noted particular success within the BetMGM North American joint venture with MGM Resorts International, saying the brand continued to go from “strength to strength” during Q1.

Entain said BetMGM is now active in 24 markets following launches in New YorkIllinois, and Puerto Rico in Q1 and Ontario in Canada shortly after the end of the quarter.

BetMGM also holds a 24% market share across all of the areas in which it operates, with this share at 29% for igaming, while it is on track to reach positive earnings before interest, tax, depreciation and amortisation (EBITDA) by 2023.

Meanwhile, BetMGM noted that it continued the expansion of its ARC responsible gambling initiative, with player protection trials taking place in more international markets, while it became a found partner of the new Global Gaming Alliance to promote higher standards and safeguards in the global gaming industry.

In addition, towards the end of the quarter, Entain announced it had reduced its median hourly gender pay gap for 2021 from 7.1% to 5.3%, a figure that it noted was just over a third of the UK’s national average.

“We have started the year with a good performance across all areas of our business, driven as ever by the strength of our industry-leading platform,” Entain’s chief executive Jette Nygaard-Andersen said. “We have delivered strong performances in all of our major markets, and I am pleased to report that retail is performing well with customers returning for our instore experience.

“In the US, BetMGM is firmly established as the number two operator, and our market launches during Q1 mean that we now have access to over 41% of the US adult population. Elsewhere, our strategy of expanding into new markets is continuing at pace, having acquired businesses in Canada, Latvia and Poland during Q1.”

The successful first quarter came after Entain posted a 7.6% increase in revenue to £3.83bn (€4.59bn/$5.01bn) for its 2020 financial year, during which net profit also rocketed 228.3% to £260.7m.

Shortly after this, Entain announced that it was to target growth in new markets, with a particular emphasis on Canada and Brazil, in order to build on its full-year success.

“As a growing business we continue to invest in and build our business around our customers to provide them with the best experiences whilst also capturing the many opportunities ahead,” Nygaard-Andersen said.

“Given the strength and continuing momentum of our underlying business, coupled with our proven ability to grow both organically and through M&A, we remain confident in our financial performance for FY22 and beyond.”

Softswiss founder on the need to support Ukraine

The wave of sanctions that followed Russia’s invasion of Ukraine meant multiple businesses cut ties with partners in Russia and Belarus. Among those affected was Softswiss, a supplier founded in Belarus.

Its founder Ivan Montik is a long-standing opponent of Belarus’ leadership, to the extent that he does not feel safe travelling back to the country. 

However, he is keen to ensure there is a clear distinction between the country’s leaders, and the population.

“[We] should differentiate the countries and their leaders making anti-humanitarian decisions from people who used to or still live in these countries and condemn these decisions,” he says, pointing out there is probably not a single global IT company that doesn’t have employees in Belarus, Russia or Ukraine. 

Ivan Montik, Softswiss

In the igaming industry especially, Montik continues, there has been unanimous support for Ukraine and blanket opposition to the war. In fact, he argues, Russians and Belarusians working in the sector are among the most vehement opponents of Russia’s actions, and are staunch supporters of the country under attack.

“I don’t know a single person in the industry who has expressed opposing ideas,” he says. 

“War against humanity”

Montik sees the conflict as “the war against humanity”. 

“Any attempts to justify it are ridiculous, but, unfortunately, many years of massive propaganda and brainwashing have had an effect on people in Russia,” he explains. “They still believe that it’s a military operation aimed at bringing peace to a certain region and saving Russians from a fictional genocide. 

“Unfortunately, Belarus has become part of this war and is politically on the aggressor’s side.”

This situation, he says, stretches back to 2020, when the country held its last elections. Allegations of widespread electoral fraud and a result widely believed to have been rigged (and which multiple countries have refused to accept) prompted mass political demonstrations. 

“The whole country stood up to protest against electoral falsification and dictatorship, but the peaceful protests were violently suppressed,” Montik recalls. “Tens of thousands of people were sent to prisons, with many still missing. 

“Many of them further left the country and those who remain in Belarus live in fear. The international media spoke a lot about the Belarusian protests, but unfortunately very little was done to help the democracy win in the country.”

He says Belarus is now effectively under Russia’s military occupation. “Under these circumstances and taking into account the difficult past two years, people who still remain in Belarus can do nothing to help stop the war. 

“The military officers probably could, but they are again betraying their nation and acting against the constitution.”

Belarusian roots, international branches

Montik has a track record of speaking out against Belarus’ current regime. He supported the Organisation for Security and Co-operation in Europe’s (OSCE) mission at the country’s 2004 and 2008 parliamentary elections, and for the 2006 presidential elections. 

He has also participated in initiatives to support journalists’ rights and the freedom of the press. In 2009, Montik was among the 48 editors-in-chief and journalists to sign the European Charter on the Freedom of the Press, which set out 10 guidelines for the media to uphold democracy. 

This document later served as the basis for the European Centre for Press and Media Freedom in 2015. 

Such efforts, however, do not go unnoticed by the country’s government. “Unfortunately, everyone who speaks out against the repressive regime is an enemy,” he says. 

Montik moved to Germany in 2016 and while he often visits Belarus, he has been unable to return since August 2020. And while Softswiss’ roots are in country of birth, he considers it an international business today, with offices also spanning Malta, Georgia and Poland. 

“My partners and myself were born there and we are proud to be Belarusians,” he says. “This is a nation that has gone through many tragic moments of history and managed to preserve its national identity and self-awareness. 

“It’s sad to see people who work in our Belarus office leave the country, but that’s the only right step in the current situation.” Many of its staff relocated to a new office in Poznan in the wake of 2020’s events, with others moving to Georgia and Malta. 

“Our employees are privileged to have a choice, and the war in Ukraine helped many of them realise that relocation is currently the only way to bring their families to safety,” Montik says. “Our company is offering them complete support from arranging charter flights to providing accommodation and assistance with finding a school or kindergarten for kids. 

“Our guys are creating their communities in the new locations and helping newcomers to quickly acclimate. Recently, we have established an office in Estonia and several members of our team have moved there, as well as to Cyprus, Portugal and several other countries.”

He says that this international presence means the business is “pretty safe”. “We continue to grow and hire people in different locations to make sure that despite the frustration we are all feeling now, the work is still being done. 

“The future of the company is the future of over 1,000 people and we can’t put it at risk.”

Ukrainian relief efforts

Softswiss is still looking to support Ukraine in any way it can. “We are already coordinating humanitarian efforts to support people fleeing the country, bringing them to safety, accommodating families coming to Poland and Germany and helping children,” Montik says. “We also support people who remain in Ukraine and are fighting for their country by providing military ammunition. 

“Even more importantly, we use our technical capacities and IT know-how to create media resources that spread trustworthy information about current events, so that people who only listen to propaganda also get a chance to hear the truth.”

This, he stresses, is not just a solo effort. It is being carried out in collaboration with other industry companies from Russia, Belarus and Ukraine, as part of a unified approach. 

“We will do as much as possible to help Ukraine to win this fight for freedom and peace. They are now fighting for the whole of Europe and maybe for the whole world.”

Ultimately, Montik is in favour of sanctions against the regime in Russia and Belarus. But “not against people who are actually fighting against the regime”. 

He views 2020 as a missed opportunity; if Belarus’ pro-democracy supporters had had more backing at the time, it may not now be hosting Russian troops and weapons in 2022. 

“It is a very sad lesson, but as we see, nobody really takes into account the lessons of history,” he says. “International organisations seem to be helpless in such situations and only us, the people, should take responsibility and act together.”

Raw iGaming acquires Leander Games

This is Raw iGaming’s first ever acquisition.

Raw iGaming’s SuperSlice integrates a wheel with between 2 to 12 slices on any game design, so the player receives a randomised amount of slices every time. These slices may contain bonuses or multipliers for players.

It already features in games such as Wheel of Rock, Journey to Chaos and The Magnificent SuperSlice.

“This is an amazing opportunity to bring together our SuperSlice innovation with one of the best distribution platforms in the industry, along with access to the studio that is known for great titles like Ave Caesar and Alibaba and the Forty Thieves,” said Tom Wood, CEO of Raw iGaming.

“After meeting with Leander management, we felt the immediate cultural connection, identified their deep skillset in platform and distribution, as well as the clear synergies we both bring in-game development making Raw a new force to reckon within content and game distribution.”

Leander Games is currently live in 13 regulated markets.

“We are very excited to become a part of the Raw family and start the next chapter in Leander by marrying Raw’s innovative vision with our market-leading platform as well as the integration of the game teams to deliver even more innovative, ground-breaking content,” said Steven Matsell, CEO of Leander. “This strengthens our dedication to our customers and partners, offering new games and platform innovations which are sure to shake up the market.”

“We look forward to being a part of Raw and supporting the fight against industry monotony. We welcome new operators and studios that are ready to join as well.”

Introducing the ICE365 Live studio

ICE365 Live brings a new dimension, and a new audience, to ICE London.

A dedicated studio on the show floor, ICE365 Live will be broadcasting live from ExCeL London, featuring a host of high- profile industry figures including chief executives, regulators and some of Clarion Gaming’s industry partners.

Hosted by Katie Goldfinch, ICE365 Live will bring digital viewers the latest news from the show floor, ICE VOX, the Consumer Protection Zone, Esports Arena and Pitch ICE.

For ICE attendees, it will be a major new feature, where they can watch some of the industry’s leading names in action, live on the show floor.

ICE365 Live connects Clarion Gaming’s expansive digital audience built up across the iGB, iGB Affiliate and ICE365 brands with ICE London for the first time, creating a hybrid experience that is totally new for 2022.

For those in London wanting to see the presenters and guests in action, it’s at N1-510 at entrance N1, and will be coming to remote viewers via ICE365.com.

PlayStar names Bowden as new chief marketing officer

In his new role, Bowden will be tasked with delivering the operator’s brand proposition to the US market, with a focus on player experience.

Bowden will also build and lead the marketing team covering brand, CRM and acquisition, as well as create and deploy PlayStar’s launch strategy across the US as the operator expands into more states. 

His other responsibilities will include delivering capabilities across marketing technology, partnerships and initiatives.

Bowden joins PlayStar having most recently served as brand director for Gala at Entain, a role in which he managed the Gala Bingo, Gala Spins and Gala Casino brands. He was also previously responsible for the Foxy brand.

Bowden’s other roles included head of brand and performance marketing for Ladbrokes Coral, senior brand marketing manager for the Gala Coral Group and senior marketing manager at Rank Group.

“PlayStar has something different to offer to the US market and those wanting to enjoy the fun and excitement of online casino,” Bowden said. “I firmly believe that with its mission statement, incredible team and powerful USPs that PlayStar is set up for success and I am truly honoured to play such an integral role in the launch of this new brand.”

PlayStar chief executive Per Hellberg added: “Jon is one of the most experienced marketers in the industry and his appointment as PlayStar CMO will undoubtedly prove vital in our mission to disrupt the US market. 

“The US market is ferociously competitive, so as a brand we need to be heard above the noise and ensure that we engage with players from day one. Jon certainly has what it takes to help us achieve this, and I look forward to working with him as we ready for launch in New Jersey and other regulated states.” 

Elys scores B2C sportsbook deal with Lottomatica

Under the deal, Elys will licence a customised sportsbook platform for Lottomatica for its B2C activities, with a core focus on the North American market.

Elys said it expects to secure land-based licence rights through an ancillary agreement that will expand its land-based distribution in the Italian market, ahead of anticipated licence renewals in the market. 

In addition, Elys said it plans to submit its land-based technology for certification to Italy’s regulator for land-based operations in the country.

“We are very pleased to have reached the Agreements with Lottomatica allowing Elys to accelerate its digital and mobile channel development for Canadian and US markets,” Elys executive chairman Michele Ciavarella said. 

“This milestone relationship for Elys is the outcome of our investments in technology and human capital specialising in B2C intelligence facing sports bettors in the robust Italian market as well as the integration of dedicated bookmaking experience in the highly competitive and fast-growing US market with the US Bookmaking acquisition

“Collectively, the agreements, along with our prior deployments, establish Elys as a fully regulated omni-channel solution for both land-based and mobile operators seeking a proven, end-to-end sportsbook solution.”

Lottomatica previously operated as the Italian B2C division of IGT, but was last year sold to Apollo Global for a total consideration of €950m (£793m/$1.04bn).

The partnership comes after Elys last month forecast a 22% year-on-year rise in revenue for 2021. Subject to final audit verification, Elys said full-year revenue is on track to reach $45.5m for the 12 months to 31 December 2021, up from $37.3m in the previous financial year.

Playmaker names Seaborn as head of partnerships for North America

In his new role, Seaborn will lead Playmaker’s current and prospective partnerships with corporate advertisers and agencies across North America, as well as help create expanded opportunities for direct campaign deals with leading brands.

This will include Seaborn leading the integrated sales efforts for Playmaker’s multi-channel portfolio of digital sports media assets in North America including Yardbarker.com, Morning Bark, Bolavip US, Daily Faceoff and The Nation Network’s portfolio of team community sites.

Seaborn joins Playmaker after a three-year spell as director sales and media operations at Canadian performance marketing agency, prior to which he also spent three years working for Canadian media business Bell Media.

His other roles included production assistant at DHX Media, the content creator now known as WildBrain, and leadership and programming director at hospitality business Kilcoo Camp.

“Playmaker is a family comprised of the best people,” Playmaker chief executive Jordan Gnat said. “Adam brings a level of passion to the work he does and the subject of sports that is very authentic and engaging. He is not just connected in the media industry, he is part of the media industry, and we are excited to have him bring that expertise, passion, and enthusiasm to our team.”

The appointment comes after Playmaker last month revealed that a string of acquisitions continued to drive sharp revenue growth for the business in the fourth quarter of 2021, although it reported a net loss of $3.5m (£2.7m/€3.2m) for the financial year.

Revenue reached $7.0m in the fourth quarter – up from $4.8m in the third quarter of 2021. The company’s revenue was nil in the fourth quarter of 2020, with the soft launch of its new sports betting vertical only having happened in early August 2021 in partnership with operators like BetMGM and Circa Sports.

Also last month, Playmaker strengthened its presence in Latin America after it completed the acquisition of Mexican sports platform Cracks in a deal worth up to $1.7m.