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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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