Latest News
Evolution takeover caps stellar 2020 for Red Tiger
Supplier enjoys 72 per cent growth in regulated market turnover
Casino game and software developer Red Tiger has announced that it enjoyed the best year in the company’s history following a notable list of commercial achievements.
The Malta-based supplier, which celebrated its sixth birthday in October, was purchased by Evolution alongside NetEnt earlier this month in one of the industry’s biggest ever B2B deals.
The takeover marked the culmination of an impressive 12 months that witnessed 72% growth in regulated market turnover, the roll-out of much-lauded new content, and impressive engagement levels for its innovative promotional features.
Red Tiger went live in Pennsylvania with Rush Street Interactive, as well as strengthening its position in the UK, Switzerland, Italy, Spain, Finland, Austria, Denmark and Estonia.
Furthermore, it expects to have completed over 70 new integrations by the end of 2020 with operators including Sky Vegas, Partouche, SK365, Veikkaus and Win2Day.
These brands were among the first to benefit from new game titles like Dragon’s Luck Deluxe, Path of Destiny, Aurum Codex, Yucatan’s Mystery, Lords of the Wilds and Regal Streak, many of which attracted exclusive releases with some of iGaming’s biggest casinos.
Some of the studio’s classic titles enjoyed MegawaysTM makeovers or were boosted by the addition of Power ReelsTM, with July’s release of Gonzo’ QuestTM MegawaysTM – a game which has enjoyed over one billion spins so far – proving to be Red Tiger’s most successful ever launch.
Players enjoying those games were rewarded with more than 11,000 jackpots, or the equivalent of 33 a day, with over 40 million Euros paid out over the year. An impressive 36 recipients walked away with over 50,000 Euros, whilst one lucky Betsson customer scooped 80,000 Euros on a daily jackpot payout.
Nick Vuchev, Head of Account Management at Red Tiger said: “2020 has been a difficult year for many and we’re very conscious of that when we reflect on our achievements, but there is much that we can be proud of at Red Tiger.
“Our product and partner portfolios, and the opportunities presented as we expand our footprints in regulated markets, bear witness to the hard work of everyone here and show how far we’ve come, not only this year but since we launched in 2015.
“Now that we’re part of the Evolution Group, I’m very confident that there is even more success to come in 2021.”
Compliance Updates
Why stakeholders must be vocal as part of UKGC consultation on gaming machines
As the UK Gambling Commission announces the launch of its consultation on proposed new rules for gaming machines, Nick Arron, lead partner for the Gambling Team at Poppleston Allen urges stakeholders to ensure they are heard
The UK Gambling Commission this week announced the launch of a 16-week consultation, seeking input on proposed new rules for gaming machines in retail venues.
The consultation focuses on technical standards and related testing strategy and aims to improve consumer protection through a number of proposed changes. The consultation is due to end on May 20.
Nick Arron, lead partner for the Betting and Gambling Team at Poppleston Allen, encouraged stakeholders such as operators and licensees to have their say on what impact these proposed changes will have, including the potential costs.
He said: “Robust stakeholder engagement is an important part of this progress. It’s important that operators have their say so that the regulatory framework balances both consumer safety and industry sustainability.
“Changes will require affected businesses to update their processes and technologies to ensure that any changes are not only implemented by the required date but also properly enforced.
“As this consultation progresses, operators will need to weigh the implications of adopting these new standards, not least the cost. While the intention is to enhance consumer protection, businesses must carefully assess the operational and financial implications of the proposed changes.
“While the Gambling Commission’s initiative is a positive step in prioritising consumer safety, the real challenge will be ensuring that the proposed regulatory adjustments are manageable for businesses already operating under thin margins.”
Tim Miller, Gambling Commission executive director for research and policy, said: “We recognise that regulatory changes that impact the design of machines can come with considerable costs.
“We are encouraging consumers, gambling businesses and other interested groups to share evidence that will assist us in measuring both the likely regulatory impacts of the proposed changes and the likely costs of implementing them.
“This evidence will be invaluable to helping make a robust assessment on whether the benefits to consumers are proportionate to the costs involved.”
The post Why stakeholders must be vocal as part of UKGC consultation on gaming machines appeared first on European Gaming Industry News.
Balkan's
Pateplay’s newest partner in Bosnia and Herzegovina
Pateplay is thrilled to unveil its latest strategic partnership with WWin, a premier online operator in Bosnia and Herzegovina.
Martin Yonovski, BDM & CMO at Pateplay, on the collaboration: “Partnering with WWin is a significant step forward for Pateplay. We’re eager to combine our strengths and expertise, and we’re confident this collaboration will open new doors for growth and huge success for both parties”.
Through this alliance, Pateplay is further accelerating its global expansion efforts, poised to achieve extraordinary milestones and deliver unparalleled experiences to players worldwide.
The post Pateplay’s newest partner in Bosnia and Herzegovina appeared first on European Gaming Industry News.
Compliance Updates
GoldenRace fuels growth in Europe with renewed MGA certification
GoldenRace, leading provider of award-winning Virtual Sports and betting solutions, is thrilled to announce the renewal of its Maltese certification, successfully tested by BMM lab and approved by the Malta Gaming Authority (MGA). This renewed certification keeps unlocking opportunities in Romania, Poland, Serbia and other MGA-regulated territories, giving operators a golden ticket to tap into new revenue streams in highly regulated markets.
In Romania, where 88% of the population has internet access, the online gambling market is thriving, offering significant opportunities for operators to attract a tech-savvy audience. Serbia, ranked 8th in Europe for gambling revenue, continues its rapid expansion with over 2,200 betting shops and a flourishing online gambling sector. Meanwhile, Poland’s well-regulated and mature market is a compelling destination for operators seeking sustainable growth.
Any games that have been approved under its newly recertified license in Malta, are also eligible for inclusion under its Class II license in Romania, upon the successful completion of the ONJN approval process. While this certification eases the path in these markets, local regulators may require additional approvals. Operators are advised to present these certifications to their respective regulatory authorities to ensure seamless compliance.
Markets on the rise demand winning content
Compliance may open the door, but content is what keeps players loyal. GoldenRace is helping operators target new demographics and grow market share by offering an incredible portfolio of certified games.
In markets such as Romania and Serbia, football is the main revenue force. GoldenRace continues to dominate this space with its newly certified football games, including its most new football format and games such as Football League, World Cup, Euro tournaments (Champions League & Euro League), La Libertadores and Single Soccer.
With online sports betting making up 58% of Romania’s gambling market and Serbia’s sports betting sector projected to grow by 4.93% between 2025 and 2029, GoldenRace has certified games such as Penalt2Win, Basketball 3×3, Horse and Greyhound racing, MMA (Single & Tournament) and several thrilling motor racing titles, such as Grand Prix Indianapolis 60, Motorbike and Speedway racing.
Eastern Europe’s enduring love for number-based games creates another profitable avenue for operators. Certified games such as Keno & Keno Deluxe, Spin2Win (Royale & American) and Perfect6 are designed to meet the unique preferences of players in these regions.
Insights show that players in Poland and neighboring regions prioritise financial rewards, with 56% listing it as their top motivator for gambling. For those players seeking big payouts potential, Crash Games are leading the charge. After a stellar debut in GoldenRace’s Crashmas campaign, games like Jet Escape, Boom Ball Juggle, Fire Crash, Bank Run and Meteoroid are now part of the certified portfolio.
The post GoldenRace fuels growth in Europe with renewed MGA certification appeared first on European Gaming Industry News.
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