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Caesars Entertainment Announces Refinancing Agreement Reached

February 22, 2017 · Filed Under Gambler's Report, Online Gambling News 

Caesars Entertainment Finally Reaches Refinancing Agreement

The new agreement will see the company formatting New Caesars and creating a debt footing with its creditors. Caesars said details of the new agreement will have New Caesars starting with a life of $1.44 billion in debt as well as comprising a $1.235 billion secured loan that has a term of seven years and a $200 million five-year senior secured facility as well.

Chief Executive Mark Frissora said that,

“We also generated record full year cash hotel revenues as we renovated over 8,000 rooms domestically since 2014. This year, we intend to deliver additional cash flow and margin improvements while completing CEOC’s restructuring. These actions will allow us to continue to generate more value for our stakeholders as we execute against our long-term plan.”

An agreement was finally made in court to be discharged from Chapter 11 bankruptcy proceedings. The court accepted the company’s reorganization plan. The outcome of the plan will see Apollo and TPG losing control of the business.

The loans are part of the reorganization plan with the debt deal being considered at “an important milestone” for the company with it leaving behind all previous debts and its bankruptcy bands that have been going on for the last two years.

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Jason Scott Appointed as Interim CEO of Ladbrokes Australia

February 22, 2017 · Filed Under Gambler's Report, Online Gambling News 

Ladbrokes Coral Plc Appoints Jason Scott as Interim Chief Executive of its Australian Division

Ladbrokes decision came upon the anticipation of Dean Shannon’s departure at the end of this month. Paul Cherry, Chief Operating Office was appointed to replace the current position, but his unexpected resignation last month for a career change with Division One has prompted the new interim position for Scott.

Labrokes has great confidence in appointing Jason Scott since he has had an integral part establishing the Bookmaker.com.au which was purchased by Ladbrokes in 2013. As the trading director with an extensive background in the industry it seemed natural that Scott would be a good fit in the role as the new interim chief executive.

“The Australian business continues to go from strength to strength and has delivered impressive growth since we brought it in 2013. We felt it was important that we preserved the entrepreneurial spirit within the team and in appointing Jason we have done just that. Jason has sports betting in his DNA and understands the market and more importantly, the Australian business better than anybody. His task is simple, keep the momentum in the business and keep the brand as fresh and as customer focused as it always has been.” – Ladbrokes chief executive, Jim Mullen

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White Hat and Evolution Gaming Team for Live Content Deal

February 21, 2017 · Filed Under Gambler's Report, Online Gambling News 

White Hat Gaming and Evolution Gaming Limited Strike a Live Games Content Deal

Live Casino solutions provider Evolution Gaming Limited and market-leading proprietary platform provider  White Hat Gaming signed a content agreement. The new provision agreement will give total access to White Hat Gaming operators of Evolution’s live casino content. Evolution provides state of the art live casino games that are available across mobile, tablet and desktop devices.

This isnt the first “one-contract” partnership for White Gaming but an addition to its growing numbers of operators using the platform. The new deal will allow players access to all live tables games which include Live Ultimate Texas Hold ‘Em. White Hat is also excited to showcase upcoming games which include Dream Catcher, featuring an online live lucky wheel designed especially for slot and bingo players.

Marc Weinberg, Chief Marketing Officer for White Hat Gaming commented on the new agreement saying,

“Adding Evolution Gaming Limited’s Live Casino to our content roster is a strategic step as it significantly increases the number of tables and game variants in our live casino offering and across all devices. The deal greatly expands choice for our customers and their players. At the same time, innovative Evolution Gaming Limited developments such as Immersive Roulette and Baccarat Control Squeeze are stand-out games that will significantly help our operators acquire and retain players.”

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Playtec, Captain Up Partner for Content Integration into its Platform

February 21, 2017 · Filed Under Gambler's Report, Online Gambling News 

Playtech Teams with Captain Up for New Platform Integration into its Content of Cutting-Edge Gamification, Social and Communication Tools

Playtech has secured a strategic partnership with Captain Up for a real-time engagement deal using game mechanics, machine learning and behavioural economics. Captain Up is a platform that focuses on retention and real-time engagement. The platform enables further incentives for analysis and rewards of player accounts via cutting edge communication tools.

This new integration process will broaden Playtech’s technologies for distinguished offerings for player enhancement.

Shimon Akad, COO of Playtech commented on the new deal saying,

“This integration enables our licensees to access an even broader range of unique technologies that can help differentiate their offerings and significantly enhance their player engagement, through the use of real-time analytics. We have known about Captain Up for some time and we’re very pleased to be working together.”

Uri Admon, Founder and CEO of Captain Up added to the comments saying,

“We are delighted with the opportunity to join forces with Playtech, and offer its customers the tools to maximize user value, using our Engagement and Retention platform.”

As a certified partner, Playtech will integrate the Captain Up platform within its IMS player management system. The new system will be available on numerous Playtech clients including Mr Green, 888 and Coral.

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Pokerstars Reveals Plans for New Poker Innovation with Power Up Alpha

February 21, 2017 · Filed Under Gambler's Report, Online Gambling News 

PokerStars Reveals New Poker Game Innovation with Power Up Alpha Featuring Game Variances

PokerStars is in its testing phase of a its new poker product, Power Up Alpha. The new game is based on the traditional poker game of No Limit Hold’em with many similarities that will remain, while offering “powers that give players the ability to influence how hands play out and change up game play in a variety of ways.”

In a short 35 second presentation, PokerStars revealed a sleek new game table interface, flashing neon colors that light up across the table and lightning effects as the players power up during game play. The new integration is quite interactive featuring new ways to control the game with new card draws, and many new options that include Clone, Disintegrate, EMP, Engineer, Intel, Reload, Scanner, Upgrade and X-ray.

Director of Poker Innovation and Operations at PokerStars, Severin Rasset said,

“Power Up is currently in closed Alpha, meaning that we still have a lot of adjustments to make and many more features to add. For these reasons, it’s only available to a limited number of people and real money games are still a long way off. We’ll periodically expand the pool of players, while tweaking and adding features, while constantly taking feedback from the participants. More projects are in development with one common objective – to bring sustainable growth to PokerStars through exciting new products that people will discover and re-engage with. And this will mean that more people will continue to enjoy the great game of poker.”

Power up is said to still be in the production stages with many changes and adjustments being made. Pokerstars promises that the variances they are including, Beat The Clock, KO Poker, Spin & Go Limited edition will indeed be more than variances of the new Power Up.

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Oulala’s CEO Bollier Makes Prediction on Millenial Generation’s Impact of iGaming

February 20, 2017 · Filed Under Gambler's Report, Online Gambling News 

Oulala’s Valery Bollier Wins ICE VOX Prophet Competition with Prediction on Adaptation to a Millennial Audience in Gaming Industry

Oulala.com co-founder and CEO Valery Bollier has made bold predictions declaring that the iGaming sector need to adapt to a millennial generation. In a groundbreaking presentation, Bollier presented comparisons to Kodak and Fuji from the late ’90s as it relates to how the industry is currently ignoring marketing to millenials.

Now Bollier is asking the question: will iGaming follow the Kodak or the Fuji example? According to Bollier, the industry is in need of a wake up call when it comes to the millenial generation and how they interact socially with skill gaming. Its predicted that by 2020 50% of the work force will be represented by the milliennial generation which is more or less 50% of the gambling market.

Bollier is asking that operators listen to the needs and likes of this new generation in order to be effectively prepared for the ‘social revolution”.

”IGaming operators need to find the courage to fully reorganize their offer, their business model and their structure in order to grow within the next decade. Let us embrace the Fuji way and start from a blank page. Let us offer customers games that will be created by taking their real expectations into account. We should become the natural extension of the video game industry and offer the same type of quality games, but monetized! Otherwise, other companies will definitely colonize this growing vacant space!” – Valery Bollier

Currently the effective changes can be seen through Daily Fantasy Sports (DFS) that are currently leading a social revolution in the iGaming sector.

Bollier made the following predictions:

  • Within the next 10 years, pure players, especially in sports betting and in casinos, will suffer severely and most minor ones will have disappeared.
  • Games that are played against the house will become niche markets.
  • Skill games will become a bigger market than luck games.
  • The dominant networks will survive but they will suffer severely from a loss of income. They will need to use their financial reserve to buy young companies that have gained traction. This will be done at a high cost for them because they did not invest at the ideal time
  • Some new operators, arriving either from the video gaming industry, or from start-ups will penetrate our sector violently. They will invent the new kind of games that we have not been willing to invent and they will assume dominant positions.”

Bollier concluded with the prediction that DFS is about to become a growth driver for the iGaming sector:

”Want to know why? Because DFS is simply a real skill game, a structurally social game, a game that is not played against the house (DFS is a market place), and because it allows you to be customer-centred and create loyalty. And as you all know, loyalty means more profitability!”

”Radical changes are always brutal and, yes, the new paradigm should be seen as a threat, but only for those who are staying where they are because for the others, the next 10 years will be a stimulating period where multiple opportunities will arise.”

Bollier is setting up a Millennials Club as well as looking into eSports, Virtual Reality, monetized video games with more to be revealed.

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Three New Slots from Netent, Thunderkick, PlaynGo Debuting This Week

February 20, 2017 · Filed Under Gambler's Report, Online Gambling News 

Net Entertainment, Thunderkick and Play’n Go Scheduled to Release New Games this Next Week

Three of the biggest software developers have announced the release of new slots. Net Entertainment, Play’n Go and Thunderkick are all set to release new slot titles to their lineups. The new slots will be released across both their mobile and desktop channels.

Net Entertainment is scheduled to release its newest slot titled Wolf Cub. This new 5-reel 20 payline slot that is themed with quality artwork mixed with wolf cubs and other forest animals in a snow covered forest and mountain setting. The game offers up to 115 free spins along with symbol stacking, bonus features, multipliers and wild symbols.

Prissy Princess is Play’nGo’s 5-reel, 20 payline video bonus slot. Prissy Princess features scatters, stacked wilds, three bonus features, re-spins and a medieval theme. Players can win up to 100x your bet with the Crumbling Towers feature.

The third release for this week comes from Thunderkick as the operator announced the new slot, World of Wonders with a 96% rtp. World of Wonders offers a magical, fairy tale and mythic theme as well as wilds, re-spins, multipliers, random wilds, additional wilds and a fairy feature.

Keep an eye out for all three new slot games this week, coming to an online casino near you!

 

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Controversy Over Endorphina Games’ Use of ‘Offensive’ Maori Symbols

February 18, 2017 · Filed Under Gambler's Report, Online Gambling News 

After Much Controversy Over Using Maori Symbols, Endorphina Games Withdraws Slot from Lineup

Endorphina weighed the pros and cons of their new game Maori, and decided after protests broke out in New Zealand to go ahead and withdraw the game from their platform. We reported last week about the new game being released and the controversy the online games developer incurred after the launch. The Maori Public Health Agency, Hapai Te Hauora was responsible for the protest saying the game breached the association of intellectual property rights.

Lance Norman, Hapai Chief Executive explained that the organization feels that Endorphina’s slot product insults Maori. He commented that,

“They were using Maori warriors. And when you won, if you got three or four in a row, it would actually come up into a Maori haka which is the intellectual property of Ngati Toa,” he said. “Maori intellectual property has been used as comforting and familiar inducements, with the potential to lure vulnerable people to online gambling.”

Erlene Rodriguez, Endorphina;s Director apologized for any offense the game has caused and decided the best option to handle the situation was to take the game down. She also ensured that any and all parties involved had no intention what so ever for the game to familiarize itself with the warriors and maidens of the culture.

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Quickspin Releases Funky New Twist on Retro Classic Hot Sync Slot

February 17, 2017 · Filed Under Gambler's Report, Online Gambling News 

Get into the Groove of the New Slot Hot Sync, a Quickspin Exclusive Now Available for Play

Quickspin, Swedish online slots developer has taken a retro classic slot and turned it into a funky HTML5 techno driven game, adding bright colors, and a funky theme. Hot Sync is a creation that is sure to appeal to slot players alike. Hot Sync is a 20 payline, 3×5 reel slot offering more than your jut a classic game, it features free spins, a respin feature plus wilds with extra wilds on the main game reels.

One of the most exciting features offered in the game are the free spins bonus. The free games are triggered when three or more scatters appear on the reels. Once the feature is activated, 8 free games are rewarded with the Hot Sync wild symbols heating the reels for the duration of the bonus round. Hot reels can also deliver additional identical wilds.

Quickspin CEO Daniel Lindberg is thrilled about the new game saying,

“Hot Sync has a low to medium volatility that should have widespread appeal among players. We are thrilled to be launching the game as the first of ten brand new game releases planned this year.”

Quickspin was founded in 2011 with the company establishing themselves as one of the most respected content providers in the industry.

Preview Quickspins new fun and funky slot Hot Sync below:

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Alchymedes Slot Features Innovative New Spreading Wilds, Level Multipliers

February 15, 2017 · Filed Under Gambler's Report, Online Gambling News 

Yggdrasil Gaming Goes Live with the Alchymedes Slot Featuring 15,000 Spreading Wild Patterns

Expanding its slot game collection, Yggdrasil Gaming launched its brand-new Alchymedes slot. The game offers an abundance of special and exclusive features with a selection of wild patterns, unlocked multipliers and more. There are 15,000 spreading wild patterns featured in the game with different levels of game play.

Head of Gaming for Yggdrasil Gaming, Jonas Strandman released the following message regarding the new game,

“Alchymedes is set in a time when science was seen as magic; giving players control over multipliers and wilds means they can find the right formula for their bonuses to unlock big wins. By basing the game on a level format we have built suspense and excitement into Alchymedes, giving players an incentive to keep spinning the reels to progress through the game and boost their chance of winning big.”

The game offers some pretty big multipliers. These can increase as high as 100x through different play levels. You can also unlock several bonus features at the start of each playing level. Some of these include six rewards, coin wins, frequent multipliers and extra wilds appearing on the pattern.

Play Alchymede slot today and see if you can land the 100x multiplier!

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