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Mohegan Gaming & Entertainment (MGE) Appoints New Executive Leadership to Support Brand Growth

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UNCASVILLE, Conn.Aug. 10, 2018 /PRNewswire/ — Mohegan Gaming & Entertainment (MGE), operators of Mohegan Sun in Connecticut and Pennsylvania and manager of multiple properties throughout the United States and internationally, today announced the appointment of three new senior executive staff members to support its growing and dynamic brand. Effective immediately, Drew M. Kelley, Senior Vice President and Chief Financial Officer, Barbara Kenney, Senior Vice President and Chief Human Resources Officer, and Richard Lindsay, Senior Vice President and Chief Development Officer, have officially joined the Mohegan Gaming & Entertainment team and will apply their expertise to lead the company into its next phase of growth.

“Mohegan Gaming & Entertainment is pleased to have Drew M. KelleyBarbara Kenney and Richard Lindsay join our team of senior executive leaders to support and oversee the continued development of our company throughout the U.S. and abroad,” said Mario Kontomerkos, Chief Executive Officer of Mohegan Gaming & Entertainment. “As MGE develops into the premier global gaming and entertainment company over the coming years, the investment of time and effort we are dedicating to forming a highly experienced and skilled senior executive team will undoubtedly result in solidifying our position as a worldwide industry leader in integrated resort experiences.”

Mohegan Gaming & Entertainment appointed Drew M. Kelley as Senior Vice President and Chief Financial Officer, bringing a significant background in investment banking specialized in gaming, hospitality and leisure to the company. In his new role, Kelley reports to CEO Mario Kontomerkos, providing executive leadership and strategic direction for all aspects of the company’s financial activities, while addressing key areas for opportunity and implementing tactics to accelerate growth for MGE. As CFO of Mohegan Gaming & Entertainment, Kelley is also responsible for communicating with the Mohegan Tribal Chairman and Tribal Council regarding all financial matters to further support the efficiency of the company’s overall business plan. Before accepting the role with MGE, Kelley served as interim CEO of ARC Group Worldwide, Inc. and spent many years as the company’s CFO during the years prior.  In addition, Kelley spent more than 10 years in progressive levels of investment banking and equity research with several leading Wall Street firms, including Merrill Lynch & Co., Bear, Stearns & Co. Inc., and Jefferies LLC, serving as advisor to numerous gaming and entertainment companies.

As the new Senior Vice President and Chief Human Resources Officer of Mohegan Gaming & Entertainment, Barbara Kenney develops the overarching global Human Capital Strategy to drive continued growth for MGE, while also overseeing all facets of human capital and guest service. In addition to her key focuses and day-to-day responsibilities, Kenney partners with MGE’s CEO and senior leadership to provide strategic direction, tactical planning and operational insight for all human capital functions across the brand portfolio, including all of Mohegan Sun’s owned and operated properties in the United States and Asia. Prior to joining MGE, Kenney served as the Vice President of Human Resources for The Hartford Financial Services Group for 11 years, where she drove various business transformations and comprehensive redesigns of the organization to create greater capabilities and bottom line results.

Additionally, Richard Lindsay joins the Mohegan Gaming & Entertainment team as Senior Vice President and Chief Development Officer and is responsible for overseeing, directing and managing the business development and growth opportunities for MGE, including identifying, negotiating and creating strategic deals both internationally and domestically. As Senior Vice President and Chief Development Officer, Lindsay will work closely with the CEO and executive leadership to drive the company’s strategic vision of becoming world-renowned as a premier, global integrated resort and entertainment brand. Before joining the MGE team, Lindsay worked with John Buck Company and Kerzner International and brings decades of experience developing world-class resorts in global markets including Abu DhabiDubaiNew DelhiEnglandGermany and Mexico.

ABOUT MOHEGAN GAMING & ENTERTAINMENT
Mohegan Gaming & Entertainment (MGE) is a commercial gaming company headquartered in Uncasville, Connecticut at the home of its flagship property, Mohegan Sun. MGE is owner, developer, and/or manager of integrated resorts throughout the United States, including Connecticut, New Jersey, Washington, Pennsylvania, and Northern Asia. MGE are owners and operators of Connecticut Sun, a professional basketball team in the WNBA and New England Black Wolves, a professional lacrosse team in the National Lacrosse League. For more information on MGE and our properties, visit www.mohegangaming.com.


Source: Gambling Industry Press Releases

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iLUCKI makes debut on SoftSwiss’ platform

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iLUCKI makes debut on SoftSwiss' platform

Keen to use the technical know-how of SoftSwiss, combined with their profound experience and insightful knowledge of igaming, the team behind the brand is poised to give it their all to entertain players using the best that technology can offer.

A brief glance at the website distinguishes iLUCKI for its breakout layout and game navigation filters with user experience at the very core.

Advanced or simple – the player decides whether they wish to search for their favourite games with simplified filter options to browse through the entire offering or narrow in on that one game they desire most with pinpoint precision.

The smart filter includes search by number of reels and paylines, as well volatility, hit rate and more. It can be easily activated using an elegant switch found on the navigation menu.

Speaking of favourites, players have the freedom to tag their games into a “Favourite” category, so that no time is spent finding their preferred slots. For those wishing to try their luck at something unexplored, iLucki encourages to try its random slot selector.

What is more, the player-oriented brand rolls out a solid library of the top game providers such as NetEnt, Yggdrasil, Microgaming, Play’n GO, NYX and a plethora of other popular game providers. Thanks to the SoftSwiss Game Aggregator, iLucki establishes a vast portfolio of over 40 game brands.

Crypto-lovers will enjoy the ability to play games supporting their coin of choice, whether it is Bitcoin, Bitcoin Cash, Ethereum, Etherium Classic, Litecoin, Dogecoin or Monero.

Support of cryptopayments is brought to iLucki through CoinsPaid, SoftSwiss’ long-term partner in cryptopayments, offering high-end security and speedy transactions.

Anyone looking for the more traditional payment methods, will be satisfied by the abundance of such options for deposits and cashouts as Visa, Mastercard and Maestro, plus Skrill, Neteller, Zimpler, Yandex Money, Qiwi, Sofort, Paysafecard, ecoPayz and more.

The cutting-edge SoftSwiss Bonus Engine allows iLucki to present one of the most diverse and choice-rich promotional systems to date. This comes in the form of several first deposit bonuses, weekend wager free cashback events, high roller bonuses, weekday freespins and a colourful playlist of daily tournaments with local prize pools.

iLUCKI is passionate to become a top rated and player-favourite online casino through quality service, innovative ideas and bespoke promotions.

The complementary affiliates section of the website utilises the in-house affiliate system, developed by SoftSwiss to bring added flexibility to both operators and affiliates alike.

A comprehensive configuration of affiliate commissions, sub-affiliates and billing periods is supplied to the operator, all the while keeping affiliates in the loop on the latest news and exclusive promotional content.

As iLUCKi’s motto goes: “We speak casino. We are casino!” players can have peace of mind and rest assured that their satisfaction is iLucki’s top priority.

SoftSwiss is overwhelmingly happy to introduce iLucki to the growing roster of cutting-edge casino brands utilising its proprietary casino and affiliate platform.


Source: Gambling Industry Press Releases

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New deal agreed between SoftGamings and EGT Interactive

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New deal agreed between SoftGamings and EGT Interactive

AUGUST 2018, VALETTA/MALTA, RIGA/LATVIA: Today SoftGamings and EGT Interactive announced partnership, which includes providing the EGT Interactive gaming content on the SoftGamings platform.

SoftGamings is a platform developer, gaming aggregator and i-gaming services provider with over 10 years of experience in the industry. The company’s game providers’ suite is regularly enriched with recognised titles, such as EGT this August.

EGT Interactive brings the 15 years of experience of the EGT’s land-based casino slots to the world of online casino games. More than 150 games are known worldwide in more than 85 countries.

EGT Interactive offers several kinds of game types – slots, table games, card games, Keno and jackpot games. They are available in both desktop and mobile.

The most popularity seem to be enjoyed by EGT classic slots, such as 40 Super Hot, Burning Hot and Extra Stars. All titles feature traditional design with fruit symbols, as it was in the beginning of the slot machine era. There is no ‘Spin’ or similar button – instead of it a player has to press the button with an exact amount of bet, which can be chosen each time new.

Apart from slots, EGT Interactive offers 2 kinds of table games – European Roulette and Lucky Circle, Card games – Four of a Kind Bonus Poker, Joker Poker and Jacks and Better Poker, and also Keno Universe.

The EGT Interactive jackpot is a multilevel system, where every level is marked with a different card suit. The jackpot cards bonus is randomly triggered after a single game is finished.

The EGT Interactive gaming content is already available for integration from the SoftGamings feature-rich platform. Casino operators can add this software to their casino environments via single unified API.

Irina Sazonova, Director of Partnerships at SoftGamings says: ‘I am happy about our new cooperation with the EGT Interactive. It is a recognised provider, which produces a really quality content, which perfectly suits our Slots Bundle and Casino Games Integration offerings.’

As an aggregator, SoftGamings offers several ways of acquiring games – Slots Bundle, Live Casino Bundle and Casino Games Integration. EGT Interactive content is available as a part of Slots Bundle – a package of the best slot providers in the i-gaming industry. It can also be integrated separately or pick up several more providers at operator’s wish.

About EGT Interactive:
EGT Interactive is a Bulgaria-based gaming provider that brings the 15 years of experience of the EGT’s land-based casino slots to the world of online casino games. The company is growing rapidly through constant innovation, consumer-centric approach and top-notch support. Every single aspect of the company’s products is designed in line with the customer needs. The EGT games are based on an attractive Return-to-Player (RTP) strategy, which has proven to increase the player lifetime value.

About SoftGamings:

SoftGamings is a B2B casino platforms provider and gaming systems aggregator. With over 10 years of experience in the industry, SoftGamings provides solutions demanded in the market and develops its own creative solutions – White Label, Turnkey, Self-Service, Bitcoin platform solutions, Bonus System Standalone feature, Sportsbook solution, Slots Bundle, Live Bundle and Casino Games Integration. SoftGamings’ strong IT team can also provide gamification possibilities, which is one of the major industry trends. Products portfolio includes 40+ gaming suppliers with 3000+ games. The company offers live dealer solutions from Evolution Gaming, NetEnt, Ezugi, Authentic Gaming, Lucky Streak etc, slots from NetEnt, Microgaming, BetSoft, Endorphina, Habanero, Booming Games, WorldMatch etc, sportsbook, hosting, licensing and banking services. Over 100 clients use SoftGamings products and services since 2007.


Source: Gambling Industry Press Releases

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Yggdrasil Q2 2018 Update

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Yggdrasil Q2 2018 Update

Business highlights Q2 2018 (Q2 2017)

  • 13 new licence agreements signed (12)
  • 5 new games launched including first Table Game “Sonya Blackjack” (3)
  • 2 gaming studios signed with YGS Masters
  • Number of FTEs 243 (134)
  • Yggdrasil partners with Nitro Circus for first ever branded game
  • Yggdrasil awarded “Innovation in RNG Casino Software” at the EGR B2B Awards
  • Player rounds increased by 66% to 1,328 million (801)
  • Mobile share of EGW was 62% (56%)

 

Financial highlights Q2 2018 (Q2 2017)

  • Total operating revenues increased by 65% to MSEK 66.7 (40.4)
  • EBIT increased by 8% to MSEK 16.6 (15.3)
  • EBIT margin amounted to 24.9% (37.9%)

 

Financial highlights H1 2018 (H1 2017)

  • Total operating revenues increased by 67% to MSEK 124.3 (73.7)
  • EBIT increased by 17% to MSEK 30.4 (26.0)
  • EBIT margin amounted to 24.5% (35.3%)

 

Notable events after the quarter

  • Signed with 888, Intralot and Tipsport. The signing with Tipsport allows Yggdrasil to enter into the Czech Republic market and partner with the leading Czech operator
  • Launch of casino games fan site (yggdrasilcasino.com)

 

Comment on Q2 2018 by founder and CEO Fredrik Elmqvist

“Yggdrasil is once again able to present another eventful quarter characterised by strong growth and further expansion. Player rounds increased by 66% from the second quarter last year and revenues reached MSEK 66,7, representing an uptick of 65%. During the quarter we intensified our investment phase focusing on the organization, product and business verticals, yielding a profitability of as measured by EBIT of MSEK 16,6 and a 25% margin.

The second quarter has been active with the launch of Sonya Blackjack, the first game out in our new product vertical Table Games, including our ground-breaking motion capture technology and in-house proprietary client framework platform. We have also had a flying start for our YGS Masters programme and announced partnerships with two independent gaming studios. I look forward to welcoming additional world-class studios on a selective basis for strategic and mutually beneficial partnerships.

We have also launched a number of new blockbuster titles including Vikings Go To Hell, the third game in the highly appreciated Vikings series, and most recently Tut’s Twister. I am immensely proud of the achievements made by the team and for the continued strong demand among both operators and end players. In addition, our strong market position has been further underlined by receiving the prestigious “Innovation in RNG Casino Software” award at the EGR B2B Awards in June.

On the back of the second quarter performance I am excited by the opportunities lying ahead and believe conditions to be right for Yggdrasil to capture additional market share going forwards. We will continue to put full emphasis on growth and further quality enhancement initiatives targeting both our products and the business, ultimately paving the way for the future for the Yggdrasil Group.”

 

Fredrik Elmqvist, Malta, August 2018

 

 

About Yggdrasil

Yggdrasil is a provider of superior online gaming solutions for igaming operators. The business was founded in 2013 and has since emerged as one of the industry’s most respected and acclaimed suppliers. The business model is highly scalable and covers three product verticals: Casino Slots, Table Games and Bingo, in addition to the business verticals: Yggdrasil White Label Studios, YGS Masters and Yggdrasil Dragons. Since its inception, Yggdrasil has embarked on a solid growth trajectory enabled by a strong corporate culture focused on innovation, creativity, quality and technology leadership. Yggdrasil is headquartered in Sweden and has offices in Malta (operational HQ), Poland and Gibraltar.

 


Source: Gambling Industry Press Releases

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