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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.
Jurassic World Online Slot live -
During the base game, the fierce and genetically modified Indominus Rex can randomly appear on the screen, awarding wins of up to 1,000x the total bet.
Is there a place for AI in poker? -
If you are into the technology, you have certainly heard about Artificial Intelligence (AI) at least a few times. The word has become even more popular over the course of the last few years, especially with an introduction of another buzz word
MLB Odds: Mets vs. Dodgers -
Injuries have kept the New York Mets (31-37, –14.14 betting units) from being all they can be this year, but they expect to have Steven Matz on the mound for Wednesday’s game against fellow southpaw Rich Hill and the Los Angeles Dodgers (44-26, +7.56 units). First pitch from Chavez Ravine is 10 PM ET on ESPN.
NBA Odds: Warriors Down Cavs in Game 5, Reclaim Title -
It took a game longer than they would have liked, but the Golden State Warriors are once again the NBA champions. They beat the Cleveland Cavaliers 129-120 Monday night to eliminate the Cavs (+9 away) in five games and reclaim the Larry O’Brien Championship Trophy.
Vikings’ Victory Slot Launches -
The game’s impressive graphics take you to the sea side, where a longship sits beyond the reels. Mountains and trees make up the background, and smoke can be seen billowing from beyond the screen. The five reels are on a sail, with 25 paylines marked by red flags.
50 WSOP Seat Satellite -
Sunday, July 2nd at 3pm ET, two just days before the Fourth of July holiday, Americas Cardroom is running a 50-seat qualifier to the 2017 WSOP Main Event in Las Vegas.
NHL Odds: Series Tied Heading Back to Pittsburgh -
As quickly as Pekka Rinne lost his game in Pittsburgh, he found it again in Nashville. After Game 2, there were murmurings that Rinne wouldn’t start the next game. Predators Head Coach Peter Laviolette decided to stick with his goaltender, however, and Rinne led his team to two consecutive victories at home while stopping 50 of 52 shots.
Huge Win at Bitstarz Casino -
There has been plenty of big wins being landed at BitStarz lately, and yesterday, it was time again. Surprisingly it was yet another Amatic game that made one lucky player extra happy as he raked in an incredible $112,402 during an evening of intense playing.
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