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Latest News
Raketech Signs Revolving Credit Facility with Bank of Valletta
Raketech Group Holding Plc has announced that the company has signed a revolving credit facility (RCF) with Bank of Valletta, one of the largest banks in Malta, partially owned by the Maltese government. This strategic move will bolster the company’s financial flexibility and support its growth initiatives. The current credit facility with Avida Finans AB will continue to run in parallel up until December 2024.
New RCF Details:
- Credit Limit: EUR 5 million
- Interest Rate: 4.5% over the variable internal bank rate (currently 2.15%) when utilised.
“This credit facility reflects Raketech’s strong financial position, and the trust our banking partners have in our business model and future growth plans. We have worked with Bank of Valletta for the last ten years and we are excited to expand on this partnership and to explore further growth opportunities together with them,” Johan Svensson, CEO of Raketech, said.
The post Raketech Signs Revolving Credit Facility with Bank of Valletta appeared first on European Gaming Industry News.
Gambling and Games policy
Google Updates its Gambling and Games Policy for the US
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Google will update its Gambling and Games policy for the US on July 15, 2024. The update will allow ads for lottery couriers in specific states, here are the areas:
Arizona, Arkansas, Colorado, District of Columbia, Idaho, Illinois, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Minnesota, Missouri, Montana, Nebraska, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, West Virginia, and Wyoming.
Advertisers must be licensed in at least one state that requires a license if they target states that do not require one. Certification is mandatory for advertisers. The policy page will reflect these changes when they take effect.
Amusnet
Amusnet to Participate in the First G&M Events Paraguay
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Amusnet, a leading gaming provider, announced its participation in the first edition of G&M Events Paraguay on 11 July 2024. During the expo, the company will demonstrate its expertise and curated offerings across Online Casino, Live Casino, and Land-based verticals.
“Being a part of the very first G&M Events Paraguay is another great opportunity for a trusted partner as Amusnet. We are looking forward to engaging with the vibrant Paraguayan gaming community, exchanging ideas, and exploring possibilities for growth in the industry. Moreover, I am honoured to be a speaker at the conference on the topic of Implementation of New Systems for Technological Improvement in the Gambling Sector. See you next week at Booth N4,” said Hernan Garritano, Country Manager Argentina at Amusnet.
Having its world premiere at the beginning of 2024, Type S is the company’s first-ever slot cabinet series, crafted to the highest standards of the global land-based casino industry. It combines cutting-edge technology, premium design, and exceptional player engagement to deliver an extraordinary gaming experience. The game portfolio features 40 Amusnet’s in-house slot titles, including Hot Deco, Phoenix Star, Secrets of Sherwood, Fruits & Gold, Greek Fortune, Cocktail Rush, and the four-level bonus game Jackpot Cards.
The provider offers a variety of slot games with both a traditional and more modern design. 20 Golden Coins is one of Amusnet’s signature online casino games, presenting a classic fruity layout with a modern twist. Apart from the immersive graphics and captivating sound effects, this colorful video slot also stands out with many rewarding features, such as Mystery Nudge Feature, Bonus Coins Feature, Autoplay, Multi-denomination, and Gamble.
Aztec Forest takes players on an adventure back in time to a land known for its treasures. This video slot is a cascade one offering Buy Bonus and Free Spins features. With 25 fixed paylines, great storytelling gameplay, and epic sound effects, the game allows players to visit the Aztec civilization.
Amusnet will showcase a compilation of its Live Casino games, including some of the most popular roulette games and the upcoming release Speed Baccarat. One of the top performers featuring an entertaining host, Vegas Roulette 500, combines the classics with the excitement of a life-like casino experience thanks to the dynamic paytable that offers up to a 500x multiplier. The company’s Live European Roulette is another Live Casino game, preferred among players in many markets, that offers a live dealer 24/7 and a range of functionalities, including a re-bet, double, and re-double options. Speed Baccarat, a popular Asian card game of luck, is hosted by a live dealer 24/7 and includes several types of bets and a side bet option.
G&M Events have grown into some of the most eagerly awaited trade shows in Latin America, with exhibitions this year also being held in Argentina, Peru, and Mexico. In Paraguay, attendees can look forward to discussions on compliance and technological advancements in the LATAM region. Discussions will focus on industry updates and legislative changes to prevent monopolistic practices in the sector. One of the key participants in the event will be Carlos Liseras, president of the National Gaming Commission of Paraguay.
Latest News
RG24seven and Better Change collaborate with industry experts to create landmark Safer Gambling training
RG24seven Virtual Training, a BMM Innovation Group company, and Better Change, Positive Play advocates, today announced the launch of FREE Safer Gambling training for UK employees. This partnership represents a commitment by both organisations to bring a new, innovative approach to Safer Gambling training for everyone working in the UK market.
Victoria Reed, Founder and Chief Executive Officer of Better Change, said, “The industry’s overwhelmingly positive response to the creation of this training demonstrates not only how much it is needed, but also how willing the industry is to collaborate on important topics such as Safer Gambling.”
Wendy Anderson, Chief Executive Officer of RG24seven Virtual, added, “We brought together the top experts in Safer Gambling to produce comprehensive, compliance grade training created by the industry for the industry. Our best-in-class virtual training is effective and free to all UK gambling employees. It transforms the way employees learn about Safer Gambling through engaging and interactive videos presented by the best minds in the industry.”
Presenters represent a range of gambling operators and industry organisations including, 17:10 Gaming, Entain, Flutter, Kindred, Leisure Electronics, Les Ambassadeurs, Luxury Leisure, Metropolitan Gaming, Midnite, Mindway AI, The Betting & Gaming Council (BGC), Tombola, Viral Interactive and William Hill.
Reed said, “By bringing the industry together we are sharing the combined knowledge, experience, and expertise from UK gambling industry professionals. Our aim is to empower those working in the UK to be advocates for consumers of gambling, the companies they work for, and the wider gambling industry.”
FREE Safer Gambling Training for UK Employees by RG24seven and Better Change is available for the UK gambling industry starting 8 July 2024.
The post RG24seven and Better Change collaborate with industry experts to create landmark Safer Gambling training appeared first on European Gaming Industry News.
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