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Yggdrasil H1-2015 Report

Wednesday August 26,2015 : YGGDRASIL ON THE UP IN H1-2015 UPDATE

Not the biggest, but the best says CEO.

Malta-headquartered Yggdrasil Gaming has had an eventful first half 2015 with the launch of its HMTL5 framework, iSENSE 2.0 and its first progressive jackpot “Joker Millions” along with the opening of a new office in Poland, amid other notable developments.

In an H1/2015 update, the company said it had signed 11 agreements in total including BetClic Everest Group and GVC, while six operators had signed up for Joker Millions including BetClic, Betsson, Cherry and LeoVegas.

Of its 24 contracts, 20 have gone live and game royalties had doubled compared to H2/2014.

The company has also expanded into the Asian market with the signing of an unnamed Asian social and mobile in-app purchase operator.
 
“The first half of 2015 has been excellent for Yggdrasil. We invested heavily in H2 2014 with the launch of our in-house HTML5 framework iSENSE 2.0 and that investment has really paid off,” said Fredrik Elmqvist, chief executive officer of Yggdrasil

“There is going to be further investment in the product and games roadmap during the remainder of 2015. Our strategy remains that Yggdrasil games, platform and operational services are only available through direct partnerships and not through third parties”.
 
Looking ahead, the company will look to enter the UK market with a licence application scheduled for submission in the last quarter of the year.

“We wanted to make sure we had all the blocks in place before targeting the UK, but we have achieved so much in the first six months that we are ready to do so well ahead of schedule,” Elmqvist said.
 
Yggdrasil will discontinue its Curacao E-Zone licence saying it had previously been used to get clients rapidly on board while waiting for the Malta Gaming Authority to complete processing. 

The beginning of its H2/2015 period has been encouraging with July, historically a slower month, beating records in terms of game performance as well as a 41 percent increase in game win month-on-month compared to June.

“We’re not aiming to be the biggest supplier by the end of the year, but we’re certainly planning to be the best, Elmqvist concluded.

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Gambling News :

Pokerstars Bahamas Main and High Roller Results - The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.

Rodrigo Duterte has identified illegal gambling as his third priority - Illegal online gambling operators can anticipate tougher times in the Philippines following a directive from President Rodrigo Duterte that stamping out illegal gambling is his third most important goal after illegal drugs and government corruption.

High Hopes For Pennsylvania Online Gambling - Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.

WILLIAM HILL ACCUSED OF QUESTIONABLE MARKETING TACTICS - British Labour member of parliament for Swansea East, Carolyn Harris, has described as "appalling" player-poaching techniques allegedly encouraged by the online and land bookmaker William Hill plc.

GoWild has announced the launch of its own new gaming platform - The European online gambling group GoWild has announced the launch of its own new gaming platform, providing entertainment in addition to its Microgaming games, which will now be delivered via the Quickfire platform.

UK Government Introduces Mandatory horseracing levy - The levy kicks in after the first GBP 500,000 in gross revenue has been earned by online and retail bookmaking firms and other betting organizations.

Chinese Arrested in Philippines Invalid - Representing the thirty-nine plaintiffs, defense lawyer Irene Bianca B. Distura claimed that the warrant that led to her clients’ apprehension is “invalid.”

NJ Warns No Federal Online Gambling Ban - New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.

Casino du Liban To Launch new online gambling platform - The venture will be in partnership with an unnamed international company, and a tender has already been launched with a deadline of January 19 to submit the proposals.

Winstar slot Pays Big Jackpot - One very fortunate online punter in Bermuda has scored a major win on the Winstar slot at the PokerStars online casino, collecting a $825,037 jackpot.

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