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NetEnt announces - To further strengthen and increase an efficiency NetEnt is implementing changes in the organization with a full integration with he acquisition of gaming provider Red Tiger (which was acquired in September of 2019). The changes mean a reduction by approximately 120 employees, mainly located in Stockholm and Malta. These measures are in line with NetEnt’s strategy. As a result, The restructuring is estimated to result in annual savings of approximately SEK 150 million on a cash-flow basis, beginning in the second half of 2020. NetEnt also tells that the earn-out consideration for Red Tiger will be redeemed through a directed issue of new shares and cash payment.

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SiGMA Group

SiGMA Group has decided to postpone the iGathering event that was planned to be held in Malta on 25th March 2020. It was announced on their website following the assessment by WHO that the "virus" can be characterized as a pandemic, the events group sees delaying the event as the only responsible course of action to ensure the health and safety of exhibitors, attendees, and SiGMA staff, as well as preventing any possible further spread of the virus. The idea was at first that the event would take place but the plans were changed by the relevant authorities.

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UK Gambling Commission

The Gambling Commission has now penalized gaming companies upwards of £ 20 million since 2018 what we assume. It has been noted that gaming operators will pay £ 3 million as part of the UK Gambling Commission's targeted online casino investigation if they do not comply with the strict requirements set by the Gambling Commission. Since the UK Gambling Commission's enforcement activity began, six operators have handed over their license and can no longer trade with consumers in the UK. During the investigations into the nine most serious business license cases, the Commission examined the actions of 22 individual personal license holders. Of these, six have submitted their license, six have been given a formal warning, one has been asked to continue, seven are still in progress and no further action has been taken against two.

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yggdrasil-betsson-group

Yggdrasil, an innovative online gaming solutions provider, has further strengthened its partnership with Betsson Group by extending its content distribution deal to the Betsafe brand in Lithuania for a six month period. What we understand, Betsson’s Lithuania brand will have access to Yggdrasil’s extensive content portfolio from the beginning of April. This will include Temple Stacks, fan favourites such as the Vikings trilogy as well as forthcoming titles Multifly, a game for players who love to multiply their wins. Betsafe will also be able to offer its customers Yggdrasil’s Neon Rush, launched in April, where players can receive up to 15 Splitz of a kind and stand a chance to win big on every spin across six jackpots. Additionally, Betsson will gain access to Yggdrasil’s range of proprietary in-game promotional tools, BOOST.

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