A major iGaming entity, 7777 Gaming, has partnered with Magicbet, an emerging force in the Bulgarian gaming scene, to introduce its impressive game collection to Bulgarian users. This strategic alliance signifies a key move in 7777 Gaming’s ambitious growth strategy across Europe, aiming to cement its presence in this burgeoning market.

Renowned for its robust physical presence, Magicbet recently entered the online gaming realm, acknowledging the escalating need for digital amusement. This collaboration enables them to access 7777 Gaming’s extensive range of slots, instant win options, keno, bingo, and table games, providing their players with an unmatched gaming encounter.

This partnership comes on the heels of a recent agreement between Magicbet and CT Interactive, another prominent game developer, demonstrating Magicbet’s dedication to offering a comprehensive and varied gaming catalog for its users.

Asya Raykova, Account Manager at 7777 Gaming, conveyed her excitement about the partnership, noting that it unlocks new opportunities for both entities within the Bulgarian market. She is confident that this collaboration will furnish an outstanding gaming experience to Bulgarian players, further solidifying 7777 Gaming’s standing as a premier provider in the area.

The alliance between 7777 Gaming and Magicbet represents a significant stride in the firm’s growth plan. This action comes on the heels of a series of fruitful joint ventures, including a recent agreement with Soft2Bet that introduced 7777 Gaming’s offerings to a broader player base. This collaboration with Magicbet further strengthens 7777 Gaming’s dedication to expanding its footprint within Europe, specifically targeting the Eastern European market. This focus is evidenced by their recent partnership with the Romanian provider, NetBet.

Allwyn, a prominent lottery corporation, recently released its financial report for the second quarter of 2023, showcasing an impressive €2.05 billion in overall earnings.

Here’s a summary of the important points:

* **Total earnings surged by 115% to €2.05 billion, a substantial increase driven by their purchase of Camelot, the entity responsible for managing the UK National Lottery.**
* **Profitability, as indicated by net earnings, reached €906.7 million.**
* **However, it’s noteworthy that Allwyn’s outstanding debt amounted to €1.56 billion at the conclusion of Q2 2023.**

Examining the revenue growth further, it’s clear that the Camelot acquisition played a crucial part. Without Camelot’s input, Allwyn’s revenue for the second quarter of 2023 would have been €1.02 billion, a more gradual 7% rise compared to the corresponding period in the previous year. This emphasizes the transformative effect of the acquisition on Allwyn’s top-line figures.

While the revenue expansion is notable, it’s vital to assess the company’s profitability. Allwyn’s adjusted EBITDA, a metric of operational profitability, experienced a 35% increase, reaching €381 million in Q2 2023. However, akin to revenue, this growth was significantly impacted by the Camelot acquisition. Excluding Camelot, adjusted EBITDA growth was a more measured 15%.

Essentially, Allwyn’s financial performance in the second quarter of 2023 illustrates a company undergoing rapid change. The purchase of Camelot has propelled earnings and profitability to new levels, but it’s essential to examine the underlying natural growth alongside these remarkable numbers.

A prominent lottery enterprise, Allwyn, has exhibited remarkable financial gains in recent times. From the second quarter of 2021 to the same period in 2022, the firm experienced a 17% surge in modified EBITDA, though the most substantial jump transpired between the second quarter of 2020 and 2021 with an astounding 343% rise.

This upward trajectory persisted in the second quarter of 2023, as Allwyn declared a 51% upswing in overall net revenue, reaching €90.67 billion in contrast to €60.23 billion in the corresponding period of the previous year. This expansion is largely credited to the successful incorporation of Camelot. Disregarding this acquisition, Allwyn’s net revenue still witnessed a respectable 9% climb, attaining €65.51 billion.

It’s noteworthy that Allwyn formerly presented its revenue as Net Gaming Revenue (NGR) until the second quarter of 2022, after which it shifted to presenting Net Revenue.

By the conclusion of the second quarter of 2023, Allwyn held an aggregate net debt of €15.6 billion. The corporation secured a collective loan of €42.5 million, scheduled for reimbursement in 2029. Moreover, Allwyn disclosed it had settled €1.8 billion from its €3 billion revolving credit line, showcasing prudent financial administration.

Allwyn’s robust performance carries over to the initial six months of 2023. The company documented a 98% escalation in total revenue, hitting €36.9 billion compared to €18.7 billion in the first half of 2022. This favorable impetus is reflected in its adjusted EBITDA, which reached €7.277 billion, signifying a 32% year-over-year growth.

Even when excluding the Camelot integration, Allwyn’s first-half 2023 performance remains solid. Total revenue attained €20.7 billion, a 12% year-on-year increase, while adjusted EBITDA observed a 15% rise to €3.246 billion. The company concluded the first half of the year with a total net revenue of €9.06 billion.

Allwyn, an international lottery corporation, announced remarkable financial performance for the initial seven months of 2023. Excluding their latest purchase of Camelot UK, their net income experienced a robust 13% surge, hitting €1.33 billion.

Chief Executive Officer Robert Chvátal conveyed immense contentment with the company’s achievements, underscoring their substantial expansion and profitability. He stressed their tactical acquisition of Camelot UK, which will considerably influence their earnings, making it challenging to forecast precise financial results for the remaining year.

Chvátal expanded on the favorable outcomes, noting that Allwyn attained inherent revenue growth across all its sectors. The incorporation of Camelot UK and Allwyn LS Group (previously known as Camelot LS Group) for a complete quarter further amplified profits and available cash flow. The purchase of Camelot UK was a primary factor in the astounding 115% year-over-year rise in overall revenue for the second quarter of 2023. This is in addition to the 7% natural growth from their existing activities.

JustBit.io, an internet-based casino located in Curaçao and specializing in slot machines and live dealer entertainment with a cryptocurrency emphasis, has teamed up with Affilka, a SoftSwiss branch, to initiate its latest affiliate venture, JustAffiliates.

Through this collaboration with Affilka, JustBit.io seeks to foster robust connections with partners and steer visitors to its website. The digital casino highlighted Affilka’s “intuitive payment systems and commission builder” as primary reasons for its selection.

“I’d like to express gratitude to the Affilka staff for their skilled and client-focused method during the rollout of the JustAffiliates associate program,” remarked the Affiliate Manager at JustAffiliates. “Having already witnessed the advantages of collaborating with Affilka, I am certain this is a prudent choice for JustBit.io. I trust our associate program will develop into an exceptional space for mutually advantageous teamwork with partners and contribute to the expansion of our casino!”

Launched in 2018 by software developer SoftSwiss, Affilka is an affiliate monitoring system characterized as “a straightforward and efficient answer for a multi-brand iGaming operation.” This system has experienced recent achievements, including a collaboration with online casino VIP Slot Club to establish their own affiliate scheme, Aff House.

Anastasia Borovaya, the top dog at Affilka by Softswiss, was thrilled to unveil their latest venture, JustAffiliates. “This is merely the beginning of a fantastic collaboration between us and JustBit.io as we embark on the new year!” she declared.

“Truth be told, the online gaming industry is a cutthroat arena. You require allies you can rely on to endure, much less prosper.” She continued, “And that’s where Affilka enters the picture. Our standing precedes us – just inquire with any of our numerous satisfied customers!”

A prominent online wagering and gaming corporation, 888 Holdings, announced outstanding second-quarter financial results, surpassing projections. Income surged by an exceptional 20% to hit $257 million, fueled by robust expansion across its primary markets and a 10% rise in revenue at fixed currency rates.

The firm’s achievements can be linked to its emphasis on product dominance, successful client acquisition tactics, and continuous penetration into regulated territories. 888 now derives 74% of its income from regulated markets, with notably strong results in the United Kingdom, Italy, Spain, Romania, and Portugal. Nevertheless, recent regulations in Germany did influence the company’s outcomes.

888’s business-to-consumer revenue, encompassing its casino and sports wagering activities, expanded by a striking 21% to $247 million. The sports wagering sector witnessed a remarkable 94% jump in revenue, profiting from a more advantageous comparative period relative to the prior year when sporting contests were significantly affected by the global health crisis.

Although business-to-business revenue encountered a minor decrease, 888’s overall performance in the second quarter was extraordinary. The company’s standing as a worldwide frontrunner in the online gaming sector was further solidified by being awarded a sports wagering permit by German authorities. This accomplishment underscores 888’s dedication to functioning in regulated markets and furnishes a robust base for upcoming expansion.

Notwithstanding some volatility in currency valuations, the board at 888 holds a positive outlook for the latter half of the year. They foresee robust results and sustained expansion as COVID-19 limitations relax and the summer period commences.

Chief Executive Itai Pazner was happy to report that the company’s solid trajectory from the first quarter of 2021 persisted into the second quarter, albeit at a moderated rate due to challenging comparisons with the prior year.

This expansion was principally fueled by regulated sectors. 888 attributes its sustained gains in market share to its top-tier product approach, impactful data-informed marketing, and premium content. Beyond the strong results in their primary European territories, 888 achieved notable strategic headway in the dynamic US market by unveiling a long-range strategic alliance with Sports Illustrated.

The rollout of SI Sportsbook represents a cornerstone of 888’s US expansion plan. The board retains confidence that 888’s cutting-edge technology, product dominance, and geographical diversification will propel further strategic achievements in 2021 and beyond.

888 intends to release its half-year performance figures for the period concluding June 30, 2021, on September 1, 2021.

247Partners, a swiftly expanding affiliate program, has revealed a fresh new aesthetic! Originating as a modest venture, it has flourished into a prosperous network of distinct brands, providing numerous advantages for its collaborators. To commemorate this evolution, 247Partners determined it was time for a transformation.

Their updated emblem is polished and contemporary, boasting a design that embodies the company’s analytics-driven methodology. This dedication to accuracy, coupled with a collaborator-centric philosophy, empowers 247Partners to fulfill the constantly evolving demands of its clientele and consistently yield remarkable outcomes.

However, it’s not solely about an attractive logo. The revitalization also encompasses a modernized website that is simpler to browse and more intuitive. Additionally, they’ve revamped their promotional resources and slogan, infusing the company with a revitalized and current ambiance.

Beyond merely amplifying visibility and user communities, 247Partners is dedicated to comprehending its clientele and cultivating robust partnerships. Their objective? To assist collaborators in attaining enduring expansion over the long haul.

Have you been acquainted with 247Partners for some time, or are you just now becoming familiar with them? Regardless, their progress is undeniable: this organization has experienced remarkable growth, propelled by a committed group of affiliate administrators consistently striving for excellence to achieve outstanding outcomes for their collaborators.

Despite their accomplishments, 247Partners maintains a sense of being in their early stages. They deeply appreciate the confidence their collaborators have bestowed upon them and the unwavering backing received throughout the years. This foundation has enabled their achievements and fuels their enthusiasm for future endeavors.

Alex Boiko, Director of Affiliates, shared his perspective on 247Partners’ brand revitalization: “Our enterprise has undergone a significant transformation in recent years, yet it became evident that the external perception of the company had not kept pace. We recognized the importance of aligning everyone with the 247Partners journey – this rebranding initiative aims to convey our fundamental principles while reflecting our aspirations for the times ahead.”

AstroPay Partners with Newcastle United Football Club

AstroPay, a prominent global digital payment platform, is delighted to announce a new collaboration with Newcastle United, a major force in English football.

Through this exciting agreement, AstroPay’s logo will be prominently featured at St. James’ Park during Premier League games, reaching a global audience of millions. Additionally, AstroPay will be visible at press conferences and other high-visibility events throughout the season.

This collaboration is a crucial component of AstroPay’s plan to attract new clients as they expand their selection of payment options.

“Newcastle United is a club with a storied past and incredibly devoted supporters,” remarked Mikael Lijtenstein, AstroPay’s CEO. “Their on-field aspirations are aligned with our global vision, and we are eager to see what we can accomplish together.”

He continued, “The Premier League is the world’s most-watched football league, making it an ideal platform for companies like ours to engage with a sizable audience.”

Dale Aitchison, Commercial Director at Newcastle United, expressed his enthusiasm, stating, “We are pleased to welcome AstroPay to the Newcastle family. This partnership will be mutually beneficial, assisting both entities in expanding and succeeding.”

We were very excited to collaborate with AstroPay, an international frontrunner in financial transactions, to assist them in developing a system to engage with their clientele globally.”

Recently, AstroPay also extended its sponsorship agreements with Burnley F.C. and Wolves F.C., collaborations that will provide the company with increased exposure domestically and internationally.

Aristocrat Entertainment has designated seasoned media leader, Supena Kalle, as their Chief Strategy and Content Officer. Kalle possesses an outstanding career history, including 16 years at Sony where she occupied several executive positions. Her accomplishments include leading the growth of Sony’s television network operations in India, Japan, and throughout Asia. Previously, she functioned as the President of Starz International. In her latest role, Kalle will answer directly to Trevor Croker, CEO and Managing Director of Aristocrat Entertainment. She will play a crucial part in propelling the company’s expansion plan by utilizing Aristocrat’s top-tier intellectual property. Kalle’s appointment commences on October 9, 2023.

Superna possesses extensive experience as a media leader, boasting two decades in the international digital media realm. Beyond her operational expertise, she demonstrates strategic prowess, consistently achieving significant growth throughout her career. Her diverse background across numerous consumer media sectors makes her ideally suited to optimize the effectiveness of content approaches.

The team eagerly welcomes her arrival and anticipates the substantial contributions she will undoubtedly make.

Altenar and Vermantia, prominent entities in the online gaming realm, have collaborated to deliver an exhilarating horse racing encounter to digital viewers. This alliance involves Altenar, a frontrunner in sports wagering and iGaming software solutions, incorporating Vermantia’s premium horse racing material and information into its system.

Consequently, Altenar’s international clientele, notably in developing regions such as Latin America and Africa, will gain entry to a world-class assortment of international horse and greyhound races broadcasted live from the United Kingdom, Australia, and New Zealand.

Dinos Doxiadis, Altenar’s Sportsbook Product Development Manager, conveyed his enthusiasm regarding the collaboration, stressing how it reinforces Altenar’s standing as a premier iGaming software provider. He emphasized the capacity of this joint effort to furnish the most extensive horse racing collection in the industry.

Spyros Stavropoulos, Vermantia’s Chief Commercial Officer, shared this sentiment, expressing eagerness for the enduring strategic partnership and the chance to fulfill the shifting demands of players with superior global content.

Digital players utilizing Altenar’s platform now enjoy access to Vermantia’s equestrian content, providing a superior live racing experience from global courses. Our rapid, dependable streaming technology guarantees that users everywhere can engage with the excitement of horse and canine racing in an unprecedented way.

This collaboration further empowers Altenar to expand its already substantial offerings and reinforce its standing as a genuine trailblazer within the sector.

The Ontario gaming regulatory body, the AGCO, recently issued significant penalties to three internet gambling operators, totaling $70,000 CAD (approximately $51,700 USD) in financial sanctions. Their transgression? Allegedly neglecting to guarantee the independent fairness verification of their offered slot games.

LeoVegas received the most substantial penalty at $25,000 for purportedly providing a game on its Ontario platform lacking the necessary certification.

Bunchberry Limited faced a $15,000 fine for allegedly offering games that hadn’t received approval from an independent testing facility.

Mobile Incorporated Limited was also penalized with a $30,000 fine for allegedly hosting several uncertified games on its platform, including some from providers not registered with the AGCO.

The AGCO’s CEO and Registrar, Tom Mungham, stressed the organization’s dedication to maintaining rigorous standards: “We anticipate all registered operators to comply with Ontario’s stringent requirements concerning responsible gaming practices, player safeguards, and game integrity. We are actively ensuring their compliance for the benefit of Ontario’s residents.”

He further emphasized the crucial role of independent verification: “A fundamental element of our regulatory structure mandates that operators solely offer games from registered gaming providers, and these games must undergo certification by AGCO-approved independent testing laboratories to meet our high standards for game integrity.”

Mungham concluded with a message directed at players: “Individuals in Ontario who opt to engage in gaming activities on regulated platforms require the certainty that the games offered fulfill these standards.”

While still in its early stages following its April 4, 2022 debut, Ontario’s internet gaming market is already creating a stir. Being the inaugural Canadian province to fully legalize online wagering, its development was closely watched by many. Now, the preliminary data is available, and it’s impressive: a remarkable $1.4 billion in income has been generated! This initial triumph will undoubtedly be observed by other provinces as the Canadian gaming landscape undergoes further transformation.

Aussie internet service providers received directives to restrict access to a pair of questionable online lottery platforms. This marks the initial instance where lottery websites have been in the crosshairs of regulatory bodies in Australia.

The governmental regulatory agency, ACMA, conducted an inquiry and determined that the two sites, “We Love Lotto” and “Red Fox Lotto,” were, in reality, vending tickets for major international lotteries. This practice is strictly prohibited under Australian regulations, as these entities lacked the necessary authorization to conduct business within the country.

Fiona Cameron, an ACMA representative, essentially conveyed that these platforms were functioning illicitly and jeopardizing Australian players. She emphasized that in the event of any issues, participants would have minimal to no avenues for redress. Additionally, she reminded the public that numerous legitimate and reputable lottery services exist within Australia, providing consumers with the safeguards they are entitled to.

This enforcement action extends beyond lotteries. Since 2019, the ACMA has been actively striving to block access to unlawful casino-like gambling websites. A recent assessment revealed that their endeavors have yielded notable success, with the majority of these dubious sites experiencing a 90% reduction in traffic originating from Australia.