EA chief hits back in loot boxes gambling row

first_img Andrew Wilson, chief executive of Electronic Arts, has rejected suggestions from a number of national regulators that loot boxes in video games should be classed as gambling Topics: Casino & games Legal & compliance Tech & innovation Video gaming 10th May 2018 | By contenteditor Tags: Online Gambling Video Gaming Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Western Europe Belgium Netherlands EA chief hits back in loot boxes gambling row Subscribe to the iGaming newsletter Andrew Wilson, chief executive of Electronic Arts, has rejected suggestions from a number of national regulators that loot boxes in video games should be classed as gambling. Last month, the Belgium Gaming Commission ruled that ‘loot boxes’ in games are “in violation of gambling legislation” and ordered all boxes that can be purchased with real money be removed from games in the country. Companies and developers that fail to comply with the new regulations in the country could face a fine of up to €800,000 ($949,700). The Dutch Gaming Authority has also made similar comments in recent months, casting doubts over the future of such features in video games. However, Wilson has now hit back at the claims, saying in an investor call this week that loot boxes featured in the EA Sports ‘FIFA’ series are not gambling.‘FIFA Ultimate Team’ in FIFA games allows players to build their own team with in-game cards, which they can acquire using in-game currency. Players can amass this currency by unlocking certain achievements in the game or boost their wallet by purchasing coins for real money. The issue raised by regulators in Belgium and the Netherlands is that gamers do not know what players they will get in their virtual “packs”, thus introducing an element of gambling. In response, Wilson said: “We don’t believe that FIFA Ultimate Team – all loot boxes are gambling. “Firstly, players always receive a specified number of items in each FUT pack. “And secondly, we don’t provide or authorise any way to cash out or sell items in virtual currency for real-world money. “We forbid the transfer of items of in-the-game currency outside, we also actively seek to eliminate that where it’s going on in an illegal environment.”Related article: Belgium rules video game ‘loot boxes’ breach gambling laws Casino & gameslast_img read more

888 launches interstate poker network in US

first_img 888 launches interstate poker network in US Tags: Card Rooms and Poker Online Gambling Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Casino & games Tech & innovation Poker 888 has confirmed the roll-out of its interstate poker network across Nevada, Delaware and New Jersey in the US. Last month, Caesars Interactive Entertainment said it was to begin sharing online poker liquidity between the three states via both its WSOP.com and 888Poker.com brands. Delaware and Nevada have been sharing poker liquidity since 2015 and New Jersey will now also join the network. 888, which went live with the expanded service on May 1, is working with WSOP, The Delaware Lottery and the All American Poker Network on the venture. Itai Frieberger, chief executive of 888, said: “The launch of the 888-powered interstate poker network is another significant milestone for the US igaming market. “Poker players across all three regulated states can compete with each other through the 888 unique, proprietary platform. “This is great news for customers and our partners and further demonstrates 888’s commitment and unique position in the regulated US online igaming market.” David Rebuck, director of the New Jersey Division of Gaming Enforcement, added: “We are pleased for the additional opportunities this agreement provides not only for online poker players in Nevada, New Jersey, and Delaware, but also for other states that may want to participate in the future.”Related article: US poker liquidity market to launch on May 1 Regions: US Delaware Nevada New Jersey 14th May 2018 | By contenteditor 888 has confirmed the roll-out of its interstate poker network across Nevada, Delaware and New Jersey in the US Casino & games Email Addresslast_img read more

Record Q4 drives Betsson to full-year growth

first_imgCasino & games Betsson has reported year-on-year growth across revenue and gross profit for 2018, due in part to a record performance by the business in the fourth quarter. Group revenue for the 12 months to December 31, 2018, came in at SEK5.42bn (£455.5m/€515.5m/$581.9m), up 15% on SEK4.72bn in 2017. Betsson put this increase down to growth for its casino product in both the Western European and Nordic markets. Overall casino revenue for the full year amounted to SEK4.08bn, up 19% from SEK3.44bn last year, while sportsbook revenue also climbed 6% from SEK1.14bn to EK1.24bn. Higher revenue also helped push Betsson’s gross profit up from SEK3.42bn in 2017 to SEK3.86bn for the full year. Meanwhile, operating expenses increased from SEK2.54bn to SEK2.67bn, mainly due to additional staffing costs. Personnel expenses were up from SEK786.4m to SEK813.9m while marketing expenses also rose from SEK969.6m to SEK994.5m. However, despite these higher expenses, the gambling group was able to post a healthy operating income of SEK1.12bn, up from SEK882.2m last year. Income before tax climbed from SEK842.9m to SEK1.15bn, while net income was also up from SEK786.5m to SEK1.08bn. Betsson also noted a rise in EBITDA for the full year, with the amount standing at SEK1.51bn, compared to SEK1.15bn in 2017. As a result, its EBITDA margin was higher at 27.8%. Analysing the results, CEO Pontus Lindwall (pictured) paid special attention to Betsson’s showing in the fourth quarter, during which group revenue hit a record high of SEK1.44bn, up 14% on SEK1.26bn last year. Operating income also increased 56% year-on-year to a record SEK341.5m. “For the third consecutive quarter Betsson delivered all-time high revenue and EBIT and proved 2018 to be a turning point,” he said. Lindwall also hailed the success of the group’s ‘back on track’ programme, which it launched a year ago as part of an efficiency drive. “A year ago we announced the plan that involved the entire organisation, he said. “Since then, the focus has been on the development of products and technology to continue to deliver the best customer experience. At the same time, there has been a strong determination to improve efficiency in marketing and in internal processes to increase profitability.” Lindwall also referenced the group’s successful preparations for and launch in the regulated Swedish market, which went live last month. With customer activity currently is in line with expectations, he said that Betsson anticipates long-term growth in the country as the market matures. “Long-term we expect the market to grow in a sustainable manner and overall we remain positive about industry growth in regulated markets,” he said. Record Q4 drives Betsson to full-year growth Tags: Mobile Online Gambling Email Address 14th February 2019 | By contenteditorcenter_img Topics: Casino & games Finance Betsson has reported year-on-year growth across revenue and gross profit for 2018, due in part to a record performance by the business in the fourth quarter. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletterlast_img read more

Sportech revenue declines after challenging 2018

first_img Regions: Europe US Connecticut Florida New Jersey Pennsylvania London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period. Finance Tags: Mobile Online Gambling OTB and Betting Shops Race Track and Racino Topics: Finance Sports betting Horse racing Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter London-listed Sportech has described 2018 as a challenging year for the business, which resulted in revenue declining 3.9%, though highlighted the success of cost control efforts that helped the business cut losses for the period.Revenue for the 12 months ended December 31, 2018 fell to £63.7m (€73.6m/$83.9m), following declines from the Racing and Digital and Venues divisions.Racing and Digital saw revenue decline 4.1% as a result of contract losses in the Canada and the US in late 2017, which were offset in part by higher digital revenue and an increased contribution from the in-stadium raffle technology Bump 50:50.Over the year Sportech upgraded its proprietary Quantum System software to offer a range of lottery games to clients. Previously these were only available to a single customer through a legacy system. The range of pools and bet types supported by Quantum was also updated to include exotics offered by the likes of Pari-Mutuel Urbain, ZeTurf, and the Hong Kong and Macau Jockey Clubs.Racing and Digital’s US footprint was expanded during the year, with new long-term contracts or contract extensions signed with 18 customers. This includes a new deal with Parx Racing in Philadelphia and a new client in Arizona Downs. Its European footprint was expanded with the addition of Norsk Rikstoto and OPAP as commingling customers. Bump 50:50, meanwhile, expanded its customer base to 75 clients by the end of 2018.Looking to Venues, revenue was down 3.9% year-on-year to £30.4m. A slight increase in food and beverage revenue was offset by a decline in revenue from wagering, with Sportech blamed in lower VIP betting and a reduced number of track racing days in key markets such as New York, Florida and Pennsylvania. This was partially mitigated by a 25% increase in Triple Crown turnover.Sportech noted that wagering was further affected by untaxed and unlicensed out-of-state advance deposit wagering competitors over the year, which contributed to a 7.0% year-on-year decline in handle.The total revenue from each division amounted to £64.4m, though this was driven down by £665,000 in inter-divisional eliminations.Executive chairman Richard McGuire described the year as “challenging”, with company focus affected in the early months of 2018 by a (since-abandoned) sale process and senior management changes. This was accompanied by a strategic review, which has prompted the business to implement a range of measures to better manage its cost base.“Our new management’s vigilance in controlling costs will be a critical continued focus, while challenging and changing previous assumptions, behaviours, and processes,” McGuire said. “We see this as a key component to shifting the group’s market position, and to supporting the development of our entrepreneurial culture to quickly and adeptly explore new opportunities as they arise.”As a result of the revenue decline, cost of sales fell 5.1% to £17.6m for the year, with marketing and distribution costs falling to £2.0m. Net operating expenses were down 3.4% at £37.6m.This left adjusted earnings before interest, tax, depreciation and amortisation (EBTIDA) of £6.4m, down from £6.7m in FY2017. The company’s loss before interest and tax improved by 86.5% to £2.9m, compared to a prior year loss of £21.6m.Sportech ultimately posted a net loss of £2.6m, down from £24.4m in 2017, as a result of a £1.9m contribution from its discontinued Dutch business, which was sold to RBP Luxembourg in April last year.In the first quarter of 2019, Sportech has finalised its acquiring of igaming platform Lot.to, as it looks to expand the range of products and services it offers to new and potential customers.McGuire said the key focus for the year would be continuing to run the business in a cost-effective manner, while expanding the solutions it can provide to customers.
“Growth opportunities exist with the launch of new betting products and features and a resolute progress towards a future in US sports betting across both our business and our consumer-facing divisions,” he explained. “The acquisition of the Lot.to Systems platform and talent show a clear focus on developing digital initiatives further, which supports our continued evolution to deliver growth and drive operational efficiency.” Sportech revenue declines after challenging 2018 21st March 2019 | By contenteditor Email Addresslast_img read more

The house that Denise Coates built

first_img Regions: UK & Ireland AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter The annual mainstream media feeding frenzy sparked by Bet365’s annual results, and its chief executive’s pay, betrays some glaring double standards, and almost suggests there is little to be gained from more transparency, writes Scott Longley. Subscribe to the iGaming newsletter Finance The annual mainstream media feeding frenzy sparked by Bet365’s annual results, and its chief executive’s pay, betrays some glaring double standards, and almost suggests there is little to be gained from greater transparency, writes Scott Longley.Compare two chief executives. One, Jeff Fairburn, was formerly the boss at Persimmon the housebuilder – or as a scathing report into the company’s fire safety procedures put it this week, a house-seller not a housebuilder.Not only did the recently revealed shocking fire safety record happen under Mr Fairburn’s watch; he also received £85m in the two years while this – until now – hidden safety debacle was unfolding.His cash came in the form of salary and bonuses under a controversial long-term incentive plan (LTIP) which, the company revealed in March this year, had paid out £444m to various executives within the firm.All this for being in place at the right time, just as the UK government stoked the embers of the country’s housing market with a whopping industry subsidy misleading called Help to Buy.Now let’s turn to more familiar territory. Also this week we saw headlines loudly proclaiming that Denise Coates had been paid the grand sum of £277m in the year to March plus a further £46m in her share of dividends.At first blush, that looks like what it is – an awful lot of money. But unlike Fairburn, Coates not only runs the company where she earns that wage, she also founded it alongside her family and Will Roseff. Coates hasn’t lucked into her post at an auspicious time. She has spent 20-plus years building the business from that famed carpark portakabin into the global betting and gaming behemoth that Bet365 is today.In its annual results released this week, the company said that net gaming revenue for the year almost topped £3bn, up just under 10% year-on-year while operating profit came in at £767m. It is one of the very few UK businesses to truly crack online, employing over 4,600 staff, the majority of which are based in Stoke-on-Trent.In fact, Bet365 is – or should be – symbolic of how previously industrial economic heartlands in the UK can be refashioned for the 21st Century. It is a (north) west midlands economic powerhouse existing at a time when such entities anywhere in the UK are in short supply.And for all the media’s moral huffiness about a woman – a woman! – making so much money from gambling, it barely gets a mention that unlike the tax-efficient schemes beloved of Fairburn and executive remuneration committees of listed companies, Coates is paying herself a straight wage. In other words, she pays a lot of tax.Full disclosure Now, for the anti-gambling lobby anybody making money out of gambling is not a good thing. But in a country where we accept betting as part and parcel of the fabric of society, there has to be winners and losers and it so happens that the founders of bet365 are among the (very big) winners in this regard.If there is an issue, for the rest of the global gaming industry as much as for the mainstream press, then it lies in where Bet365 makes its money.It isn’t news that Bet365 generates a proportion of its revenues from Asia with China looming large in whatever that number might be. The newspapers have made much of what they see as obfuscation on the company’s part about the geographical spread of its revenues. The paragraph from the annual report stating that “a geographical analysis of turnover has not been given, as in the opinion of the directors, such disclosure would be severely prejudicial to the interests of the group,” got special attention from the Guardian, for instance.The answer to that is quite simple though. As a private company, bet365 does not have a wider shareholder base to answer to and is under no obligation to give any further details about where it makes its money.True, it can be argued there are more stakeholders in Bet365’s future than is generally acknowledged. The 4,600-plus staff, of course, but also the many hundreds – maybe thousands – that work with suppliers to bet365 both within the gambling sector and outside of it. For the sake of some reassurance, they might want to know more about bet365’s fortunes and its likely future trajectory.There also might be an argument for the company to establish a more public face. The fuller explanation of its responsible gambling efforts this year, for instance, was particularly welcome. It helps when it comes to answering the industry’s critics that the major operators are being seen to be doing something.But the Coates family has been understandably shy of publicity and the headlines this week will likely have confirmed the view that there is little to be gained in that direction. The mainstream media gave a sideswipe the gambling trade press for not focusing their coverage on how much money Denise Coates made. Yet it is their focus on that one figure which likely means we learn less about what the company is doing than they might like. Email Address 20th December 2019 | By contenteditor Tags: Mobile Online Gambling Topics: Finance People The house that Denise Coates builtlast_img read more

Play’n Go condemns Covid-19 marketing

first_img Topics: Marketing & affiliates Play’n Go condemns Covid-19 marketing Tags: Online Gambling Email Address Slots developer Play’n Go has criticised a number of operators and affiliates for using its content and game imagery in connection with marketing campaigns that are exploiting the global novel coronavirus (Covid-19) pandemic.Play’n Go did not name any of the parties involved, but said that the campaigns in question were attempting to encourage gamblers to increase their gambling spend and activities during the outbreak.However, the developer also noted that the vast majority of it customers have been offering its content in a “socially responsible manner”.“Play’n Go strongly condemns anyone seeking to profit from the pandemic, and we ask that immediate steps are taken to discontinue any such activities and reserve the right take additional measures to make sure this happens,” the developer added.The supplier’s announcement comes after a number of regulators and industry organisation set out measures to help ensure operator’s marketing activities remain social responsible throughout the outbreak.Last week, British Gambling Commission chair Neil McArthur issued a message to online gambling operators, reminding them of the importance of consumer protection and responsible marketing amid the effects of the coronavirus.This included operators and affiliates ensuring their marketing efforts do not “exploit the current situation for marketing purposes” and operators should “be very cautious” when cross-selling players on new verticals after the cancellation of all major sports.Standards body the Betting and Gaming Council also published a new ten-point action plan to ensure its members keep customers safe during the coronavirus crisis, including strict measures for affiliates.In addition, the Malta Gaming Authority (MGA) reminded licensees and their affiliates to be socially responsible with commercial communications during the pandemic, while Dutch regulator the Kansspelautoriteit has pledged to add €50,000 to any illegal marketing fine if the advertiser seeks to use Covid-19 to promote their offering. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img Subscribe to the iGaming newsletter Marketing & affiliates Slots developer Play’n Go has criticised a number of operators and affiliates for using its content and game imagery in connection with marketing campaigns that are exploiting the global novel coronavirus (Covid-19) pandemic. 30th March 2020 | By contenteditorlast_img read more

6 April: Where’s the action?

first_img6th April 2020 | By contenteditor Sports betting iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Sports betting iGB, in partnership with sports data specialist Abelson Info, is providing an updated list of the sporting events taking place each weekday throughout the novel coronavirus (Covid-19) pandemic.This will ensure our readers have a regularly updated roster of the sporting events happening that day. The format has been tweaked, with a full table of the day’s action at the bottom of the page.Darts While there is no basketball – a regular feature of the first week of sporting events – darts returns today (6 April). This comes in the form of the Icons of Darts Live League, which sees past and present stars of the sport compete against one another virtually, all playing from home. This will be streamed live online, and takes the form of a series of round robin leagues taking place from Monday to Saturday, with the winner to be crowned on 2 May.Greyhounds Events in Australia and the US take place after Abelson’s 10:59am cut-off.Horse Racing As usual the bulk of action takes place in Australia, while just two US tracks are holding races today.Ice Hockey As usual, today’s ice hockey events take place in Eastern Europe, in Russia and Belarus. Table Tennis Ukraine’s Setka Cup continues today, as does Russia’s Liga Pro and the TT Star Series in the Czech Republic.Tennis A few exhibition matches are scheduled for today, the first time there has been tennis action since iGB and Abelson started this daily round-up.Volleyball Russia’s Liga Pro is scheduled to hold matches today, while the country’s Ural Volleyball Championships will also be running.This list is not intended to be exhaustive, and all events are subject to change. iGB is working on adding an esports component to this round-up.Abelson Info was set up by Ed Abelson in 2003 to supply the bookmaking industry with the crucial sports data it required as the online betting industry began to boom. Starting with just a handful of employees and even fewer clients, the business has since grown and evolved to accommodate the ever-changing requirements of the industry.We now supply data and technical services to the majority of the top tier bookmakers and platform providers in the UK, along with many of the biggest media corporations and development firms across the world. We have a stellar reputation for delivering top quality data and are always on hand to support customers, 24 hours a day, 365 days a year.center_img Subscribe to the iGaming newsletter 6 April: Where’s the action? Tags: Online Gambling Email Addresslast_img read more

French horse racing targets May 11 return

first_img French horse racing targets May 11 return French horse racing could resume from 11 May, but without spectators and under strictly supervised conditions, according to the governing bodies for flat and harness racing.Racing in the country has been suspended since 17 March as a result of novel coronavirus (Covid-19), though a practice run of an event with minimum personnel was also conducted that month.With plans to begin re-opening the French economy from 11 May, France Galop, the flat and steeplechase racing organiser, and harness racing governing body LeTrot said this test provided a solid foundation for a wider roll-out.Under the agreed conditions, each horse could only be accompanied to races by an individual responsible for accompanying them to the event and for their wellbeing, their trainer, and the jockey.Racetrack staff would be kept to a strict minimum, with access to tracks closely monitored, and all on-site personnel provided with protective equipment. Social distancing controls would also be put in place for those at tracks during the events.Furthermore, horses trained abroad, and jockeys holding a licence issued in a country other than France would not be allowed to participate, at least until the end of May.France Galop and LeTrot noted that this would mean some tracks would not be able to hold races, as they lacked the capacity to implement these measures.The exact composition of the racing calendar from 11 May remains to be seen, with the two governing bodies saying they would look to offer a balance of activity across all categories. A programme is to be published in the coming days.It also remains unclear what funding could be raised from the resumption of racing, which is heavily dependent on revenue from betting, via land-based monopoly Pari-Mutuel Urbain (PMU). The crisis has prompted the operator to stop all offline marketing, before furloughing up to 95% of its 1,250 employees as a result of Covid-19.While French President Emmanuel Macron aims to reopen sectors of the French economy from 11 May, he has already warned that bars and restaurants may stay closed into the summer months.This could mean that PMU’s retail network will only be partially restored by that date. With customers unable to bet, this would deprive the racing sector of funding to cover its costs.However, France Galop and LeTrot said, a meeting held this week between its management, the Ministry of Public Action and Accounts and the Ministry of Agriculture “proved to be very constructive”. The government would provide financial support to the sector to mitigate the damage caused by the pandemic, they said.The plans remain subject to government guidance, and both pledged to adapt the resumption strategy based on the official advice. Topics: Sports betting Horse racing 23rd April 2020 | By contenteditor French horse racing could resume from 11 May, but without spectators and under strictly supervised conditions, according to the governing bodies for flat and harness racing. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Western Europe France Subscribe to the iGaming newsletter Tags: Race Track and Racino Email Address Horse racinglast_img read more

New Jersey casinos to reopen at 25% capacity from July 2

first_img New Jersey’s Governor Phil Murphy has announced that casinos in the state will be permitted to reopen at limited capacity from July 2, after more than three months closed as a results of  the novel coronavirus (Covid-19) pandemic. New Jersey casinos to reopen at 25% capacity from July 2 Topics: Casino & games Casino & games Email Address New Jersey’s Governor Phil Murphy has announced that casinos in the state will be permitted to reopen at limited capacity from July 2, after more than three months closed as a results of  the novel coronavirus (Covid-19) pandemic.Casinos have been closed since March 16 as part of a ban on gatherings of up to 50 people in the state, in an effort to slow the spread of Covid-19.Murphy said that casinos will be permitted to open from July 2, just ahead of the Fourth of July weekend, at a maximum capacity of 25%.This comes as restrictions on gatherings are gradually being eased, with a new executive order signed by the Governor allowing indoor gatherings of up to 100 persons, or 25% of a room’s capacity. Outdoor gatherings of 250 people are also now permitted.Read the full story on iGB North America.center_img Subscribe to the iGaming newsletter Regions: US New Jersey 23rd June 2020 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Enlabs increases stake in Global Gaming to 95.8%

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Baltics Estonia Latvia Lithuania Enlabs said just under half – 48.3% – of Global shareholders who took up the offer took up the cash offer, 38.3% opted for Enlabs shares and 5% chose the combination.  Uncategorized Tags: Global Gaming Enlabs Tobias Fagerlund The Baltic-facing Enlabs, made a bid to acquire Global Gaming – in which it held a majority stake, which triggered the full takeover offer – in a deal that valued the business at SEK450m (£39.8m/€43.2m/$50.6m) in September, offering all Global Shareholders the opportunity to exchange their shares in Global for SEK11 in cash, 0.36 shares in Enlabs or a 50/50 split of cash and share value. Enlabs says it expects to pay cash considerations around 9 November and share considerations around 1 December. Subscribe to the iGaming newsletter Email Address The move will see Global Gaming delist its remaining shares from trading on the Nasdaq First North Growth Market, as was planned if Enlabs’ stake exceeded 90%. Global Gaming will soon announce the date on which it will be delisted.center_img The 2 November deadline to accept the offer has now passed and will not be extended, and leaves Enlabs with control of more than 95% of the business. Last month, the deal received approval from the Estonian Competition Authority, the only such authority that was looking into the acquisition. Optibet operator Enlabs has increased its stake in Global Gaming from 66.7% to 95.8% at the deadline of its acceptance period for its bid for the Ninja Casino operator. 4th November 2020 | By Daniel O’Boyle Enlabs increases stake in Global Gaming to 95.8% Enlabs will issue 2,542,431 new shares for former Global shareholders, increasing its total shares by 3.0%. Enlabs shares opened at €3.40 on the Nasdaq Stockholm Exchange.The total cash consideration it will pay, meanwhile, will be SEK52.8m. When the deal closes, Christian Rasmussen, who Enlabs appointed to the Global board in August, serve as Global Gaming’s acting chief executive going forward, after Tobias Fagerlund agreed to step down from the position. Topics: Uncategorizedlast_img read more