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Per Eriksson removed as NetEnt CEO

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Eriksson removed as NetEnt CEOReading Time: 1 minute

Per Eriksson has been ousted as NetEnt’s CEO and president, with a new focus on long-term growth the goal for his replacement.

The move has been announced by the global igaming firm following on from a disappointing 2017, which featured a 3.9 per cent year-on-year decline in operating profits.

Therese Hillman has been appointed as acting CEO. With a recruitment process already under way, the Nasdaq Stockholm-listed company aims to make a permanent appointment as soon as possible. 

NetEnt’s chairman of the board, Vigo Carlund, said: ”NetEnt has developed well over many years and several parts of the business are still developing well, for example in regulated markets, but the overall performance of the group has not been as it should.

The board believes that NetEnt needs a new driving force to reverse the trend and increase the focus on growth. The value creation potential in NetEnt remains significant. The online gaming market has structural growth driven by the migration from offline to online gaming.

The company has a solid balance sheet and a strong brand name in its segment of the market. The board would also like to extend its gratitude to Per Eriksson for his time as CEO for NetEnt.

As well as taking on CEO duties in the interim, Hillman will also remain in her current position as chief financial officer.

Eriksson was head of Dell Europe, Middle East and Africa before he joined NetEnt as CEO in 2012.


Source: European Gaming Media and Events

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Fantasma Games Launches Riviera Star

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Fantasma Games has released its latest online slot game Riviera Star. The glamorous slot delivers plenty of big-win potential with thrilling features including Respins, Free Spins, Sticky Wilds and Multipliers.

Any line win activates the Respin feature and sees all winning symbols locked in their position while the rest of the reels spin. Any new line win during the Respin feature is locked and the rest of the reels spin again. When no new line wins occur, the Respin feature ends.

The unique Superstar feature can be randomly activated at the start of any base game spin and sees the Superstar symbol, which acts as a Sticky Wild, placed randomly at a position on reels two to four. It also boasts an increasing all-win multiplier.

Riviera Star also features a Free Spin bonus game triggered when three Scatter Symbols land during the base game. The player receives ten Free Spins and the Superstar feature and all-wins multiplier are also activated.

“The team has done an excellent job of creating a perfectly balanced slot with a unique Superstar feature that combined with an unlimited multiplier, delivers plenty of big win potential that even the Riviera’s rich and famous will be envious of,” Fredrik Johansson, CEO of Fantasma Games said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Fantasma Games Launches Riviera Star

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WorldMatch Renovates its Website

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WorldMatch Renovates its WebsiteReading Time: < 1 minute

 

Online gaming company WorldMatch has renovated its website to emphasise its 160 slot machines with 70 game engines, 30 table games and all types of video poker, in HTML5 for both desktop and mobile devices. The new site includes a section dedicated to the individual games and the explanation of their technical characteristics.

The new smart search tool allows filtering the slot machines catalogue, according to the required features and as usual, players can play all the games for free to better appreciate the gaming experience. Real-time updates about the release of new titles, partnerships and participation in events are available in the News page.

The graphic restyling is aimed at pointing out WorldMatch’s mission: to offer a wide range of games that will meet every player’s taste.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: WorldMatch Renovates its Website

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France’s Française des Jeux Secures New Jackpot Insurance

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Française des Jeux (FDJ), the operator of France’s national lottery games, has announced the implementation of a comprehensive insurance policy to cover its counterparty risk from January 1, 2020.

One of the changes involved in the tax and regulatory reform carried out as part of the privatisation of FDJ was the discontinuation of the “counterparty fund” system.

This reform is part of a broader process of clarifying the relations between the state and the company, which is now responsible for covering counterparty risk through an insurance policy, at its own expense.

FDJ has taken out a comprehensive insurance policy with a number of top-tier French and international insurers and reinsurers to cover its counterparty risk, which will take effect from January 1, 2020.

This contract, drawn up with insurance broker Marsh, provides a guarantee for the gains falling within its scope on an aggregate basis. It provides annual coverage of up to €150 million. All costs related to this insurance policy are in line with expectations and are covered by the planned budget.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: France’s Française des Jeux Secures New Jackpot Insurance

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