888 SUBMITS NEW TAKEOVER PROPOSAL TO BWIN

In a recent update, bwin.party confirmed that a revised proposal has been lodged by 888, and is currently being looked over. This comes after expressing satisfaction with key elements of GVC Holding’s opposing bid in answer to 888’s original bid.

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Bwin could not confirm whether 888’s new proposal comes in at a lower or higher bid, only that the matter would be discussed with key shareholders before making a final decision. The revised proposal is said to be subject to a number of pre-conditions that can be waived in whole or in part by 888.

GVC expressed that it has made “significant progress” with its bid, and reconfirmed its recommendation to bwin to consider 888’s original bid versus that of the GVC.

With regards to the revised proposal, the board of bwin.party issued that its unanimous recommendation of 888’s offer announced on 17 July, remains unchanged in light of this event.

Bwin.Party is likely to be acquired by 888 Holdings

As per the reports of this weekend, the popular online gambling service provider 888 Holdings is likely to acquire their rival operator named bwin.party. If sources are to be believed, 888 Holdings has offered a price of 1 billion GBP to acquire bwin.party.

As per the board this acquisition deal will be advantageous for all the parties, stakeholders, etc. of both the companies. Both the companies have presented numerous justified reasons for this deal to take place. This deal shall include the acquisition of both issued share capital as well as the yet to be issued share capital of bwin.party. The considerations offered here by 888 Holdings were cash and 888 shares.

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Speculation around the 888 and Bwin deal

It has also been informed by the representative of 888 Holdings company, that they would require approval from their shareholders because its size is quite smaller compared to the acquisition deal. It has been also said by 888 that according to the customary conditions the shareholders’ votes in favor of the transaction were mandatory, because these shareholders control about 59% of the total share capital of the company.

According to the spokesperson of 888, bwin.party is well in agreement with them in favor of this acquisition.

Officials of 888 Holdings also declared that their consultants and board of directors are reviewing the proposals received till date. They have also made it clear that there is no surety of this deal to take place. They are still skeptical about this deal to get converted into reality.

While announcing the profits of the company, Brian Mattingley, the CEO of 888 Holdings told the analysts that they are expecting their company to celebrate over some successes in terms of acquisition, though, he made it pretty clear that he was announcing the same purely on the basis of assumptions and without having anything in his mind. Mr. Mattingley also said that families of Shaked as well as Ben-Yitzhak foresee the possibilities of amalgamation of 888 shares along with the shares of a rival company. He also termed that to be an optimistic move.

This acquisition deal of 888 Holings would be considered as a reverse takeover because the market capital of bwin.party is 800 million GBP and it is greater than the market capital of 888 Holdings which is 600 million GBP.

On Friday, 15th May 2015, Bwin has admitted that they were put up for sale in the month of November 2014 and till date they have received quite a few proposals from reputed companies and one of them have been the GVC Holdings. The name of Amaya Gaming, the owner of Full Tilt Poker and Pokerstars has also been associated with an acquisition deal. Likewise, the name of famous software developer Playtech was also linked with a bid.

NetEnt Online Slots company Expands in first quarter

NetEnt has been experiencing a steady expansion in the field of online content development for gaming, and it has explained this expansion to be one of the most prominent growths in the area of key financial market ranging between three months through March 31, 2015.

The revenue that was collected in the first quarter was SEK258.3 million which was almost equal to €27.5 million/$29.9 million, and there was also a steady growth of 37.1% regarding the SEK188.4 million which had been posted in the period of correspondence the last year.

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In the initial quarters of 2014 the operating profit escalated to 598% from SEK51.2 million and then the expansion was carried on to SEK81.8 million while this year was initiated. In the meanwhile, NetEnt’s margin of operation increased from a level of 27.2 to 31.7%.

In other places, the profit available after taxation mounted on a year-to-year basis, ranging from SEK 46.1 million to SEK 74.2 million.

Along with this, the earnings related to each share rose up to SEK1.86 before the profit diluted, and it was better from the last year’s SEK 1.17, while the earnings related to each share after dilution was over, rose up from SEK 1.16 to SEK 1.86.

The President and the CEO of NetEnt, Mr. Per Eriksson had remarked that they had made a very strong start to the year 2015, having reached new record levels regarding both profits and revenue collection.

He further added that NetEnts top rated slot games, innovative gaming solutions, along with the recent expansions in their present and future markets are the obvious reasons for their high growth and actual profits. He told that the company is constantly developing their contents and assets to scale the heights in terms of technology, quality and modernization.

Mr. Eriksson also added that regarding the second half of 2015 all the new games that have been released- including games for desktop as well as for mobiles-will get developed in HTML5, which is expected to bring some revolutionary output for the future years.

The CEO said that he is looking forward to the other halves of 2015. Since they have strong momentum and their customer offering includes some of the best regions of the world, they are perfectly prepared to gather new business opportunities with reference to the online casino gaming market.

In the meanwhile, NetEnt has also used its partnership with the Universal Studios Monsters in order to launch a new video gaming title slot.

The Universal Monsters Dracula Online Slot consists of a five-reel, four rows and also a forty line game which can be available through desktop and mobile services.

The new game has features like free spins options, symbols which are stacked, regular wilds and those that were stacked, as well as a ‘bat’ feature which can change symbols on the reels to random symbols.

$7 Million Mega Moolah Jackpot Won

On 9th April a mobile casino game paid out a 7 Millions dollar Jackpot when Mega Moolah was hit. This has been confirmed by the casino game provider Microgaming and also iGaming technology.

Microgaming has claimed that they have paid the winning amount to a fortunate Royal Vegas customer named Mark A. On Thursday, Mark A won the jackpot while playing the much admired mobile slot called Mega Moolah. The games provider has further claimed that they have paid more than 450 million Euros as winning amount till date.

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The statement from Royal Vegas, the content partner of Microgaming has to say the following things on this incident of jackpot win:

The winner names Mark has been player with Royal Vegas only for seven days. One of the senior hosts for VIP executives of Royal Vegas took the opportunity to call Mark to convey the message of his win and congratulated him. Mark became overwhelmed by hearing the news. The spokesperson from Royal Vegas also took the opportunity to pass on the best wishes to Mark for winning this record breaking prize money.

Head of Microgaming slots casino, Mr. John Quinn has also said that they had been keeping a close eye on the growth of progressive ticker since the last few weeks. They anticipated that the ticker will strike and they were waiting for that moment. Mr. Quinn was quite happy that the jackpot was won by a mobile user and as per him this symbolizes the important role of mobile technology in the context of today’s industry. He closed his statement by congratulating Mark A one more time for winning the highest ever jackpot in the history of Microgaming.

NetEnt Growth Strategy in Online Gambling Software

net-ent-egr-awardsOne of the breaking news pieces of 2014 was the far-fetched achievement of Net Entertainment in the European market for raising profits by 46%, and interestingly the company is hoping to surpass that massive growth in the upcoming year as hinted by Per Eriksson, the Chief executive of Net Entertainment. In fact, Eriksson also declared that the reputed NetEnt Online Slots gambling software supplier is planning to establish its supremacy over Mexico and Asia.

According to Eriksson, the very fact that countries in North America, particularly Mexico has initiated online gambling implies its strong demand. However, he acknowledged that this is not the end but just the beginning. He needs to flourish massively in those big markets that are still untouched by NetEnt.

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Schedule of NetEnt to open in the US market

NetEnt is again prepared to bang on the news as it is announced to be launching in New Jersey in the second quarter of this year. The only thing left to rock in the markets is the final approval and signing of agreement with NJ operators as declared by Eriksson.

In order to enhance more grace in its royal debut, it has set up a base in New Jersey. Moreover, the Chief of Global Market Operations and Managing Director at Net Entertainment Malta, Bjorn Krantz was promoted to Managing Director and Chief of North America Market Operations.

NetEnt plans to rule over European market

Surprisingly, it is even announced to be launching in Spain within the next few months because Spain has allowed regulation for online slots. Meanwhile, Eriksson is also looking forward through different potential agreements so that he can expand strong growth in United Kingdom.
For now, many popular online gambling sites of Europe include exciting games that are chiefly supplied by NetEnt. Moreover, at online casinos like Bet 365, Winner Casino, and Casino Cruise the casino players can find NetEnt’s array of games. However, the business strategy for 2015 is to develop a new co-operative communication with new mid-sized operators along with healthy relationships with their current diversified customers.

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Most Popular Mobile Slots in 2014 …

Mobile Slots games As we are already half way through 2014, it was time to ask our casino partners what are the most popular mobile slots games being played.

The review only took into account all Microgaming Mobile Slots. In addition, we based results on the number of players making real money deposit on these mobile slot games. Wagering amount was not factored into the results.

We discounted the mobile jackpots like Mega Moolah and Major Million as they would skew the results. Instead, we decided to focus our review around the featured slot games.

Alaskan fishing slot

You will notice that there are definitely signs that mobile slot players prefer the big features slot games like Thunderstruck 2 over the lesser known themed games, like Mermaid Millions. A trend which is also evident across desktop play. We split out the iPad results from the most popular iPhone Slots as this was easy enought to do.

For the most popular Android slots we combined the mobile device and tablet results. And the results are not to dissimilar to what was popular on iPad.

Top 5 most popular iPhone slots

  1. Tomb Raider
  2. Thunderstruck 2
  3. Avalon
  4. Immortal Romance
  5. Alaskan Fishing

Top 5 most popular iPad slots

  1. Avalon
  2. Thunderstruck 2
  3. Immortal Romance
  4. Tomb Raider
  5. Alaskan Fishing

Top 5 most popular Android slots

  1. Thunderstruck 2
  2. Avalon
  3. Immortal Romance
  4. Tomb Raider
  5. Alaskan Fishin

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There are a few other mobile slot games that came close to making the top 5 list that are worth mentioning like; Mermaid Million, Break da Bank and loaded.

‘With all the festivities happening around the Fifa World Cub, Football Stars is also trending as a popular game in the past two months’ said Debbi Taylor, the casino manager from Spin Palace Online Casino.

So there you have it, the list of the most popular Microgaming mobile slots games so far in 2014. We are waiting for the results to come in on Playtech and Net Entertainments. When they do , you will be the first to know.