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Newgioco Group continues to expand

ONLINE GAMBLING GROUP RECAPS RECENT ACHIEVEMENTS
 
Newgioco Group continues to expand.
 
Italy-facing online gambling operator Newgioco Group, Inc. (formerly the OTC-listed Empire Global Corp.) has issued an update on its recent achievements, presumably to maintain share price momentum.
 
The press statement details the companys acquisition of two Austrian entities - software development and platform provider Odissea Betriebsinformatik Beratung Gmbh, and retail gaming distribution group Ulisse Gmbh...both deals completed early July this year.
 
Newgioco boasts that the Odissea platform is certified by Malta and Austrian gaming authorities and currently processes approximately $400 million in betting turnover on an annual basis,
 
It has a proprietary software engine designed and managed by a qualified and experienced team of gaming engineers which has now joined Newgioco and will be deployed to prepare the launch of a new series of online games, including Virtual Sports products.
 
Ulisse employees have also been brought into the Newgioco fold; the company operates 107 land-based gaming agency locations throughout Italy under a 50 percent revenue share agreement which generates approximately $1.8 million in net earnings on an annual basis.
 
"With the integration of our in-house betting platform, the company expects to realize a cost savings of approximately 50 percent to our current online and land-based gaming network overhead and will further attain 100 percent of the revenue earned by the Ulisse land-based locations upon completion of the license renewal auction, the press statement advises. 
 
"The resulting effect of our 2 new divisions is projected to increase consolidated net earnings by approximately 400 percent."
 
The new acquisitions join other group subsidiaries Multigioco Srl and Rifa Srl. with a product and services line that includes sports betting, virtual sports, online casino, poker, bingo, interactive games and slots.



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MPN Poker Tour Malta Day 1A - The MPN Poker Tour has returned to Casino Malta this week, with a €150,000 guaranteed €500 + €50 Main Event running alongside a full complement of side events, parties and activities.

€8 million mobile jackpot win on Mega Moolah - Mega Moolah was hit on Tuesday 25 April 2017 by a Tipico player playing on their mobile device, just over a month after a €6.6 million jackpot was collected in March. The pay-out of €8,012,153.35 is the largest mobile jackpot win in history, superseding Microgaming’s pay-out in August 2016 of €7,968,311.26.

NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

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