Industry News
EGT All Set to Participate at G2E Las Vegas 2023
Euro Games Technology (EGT) is ready to captivate the visitors to this year’s edition of G2E Las Vegas with a mesmerizing set of new and top-performing developments, which will be available at booths 2452 and 3352 during the 3 days of the expo.
Among the main highlights on display will be 3 brand new jackpot products: Gods & Kings Link, Supreme Combo Link and Ultra Tap Link, which are created specifically for the North American market. Their fascinating games will dive players into mysterious worlds inhabited by mythological creatures and offer them many bonuses and countless chances of winning.
Winner Selection 3 and 4 multigame mixes, featuring some of EGT’s most popular titles, will also make their debut during the exhibition and are expected to arouse the local gaming audience’s interest. They will be housed in the cabinets of General Series, providing a perfect combination of eye-catching design and unique comfort.
The slot selection will be complemented by the popular jackpots Bell Link, Cai Fu Tian Jiang, 2 Happy Hits, High Cash, Coin Jackpot, 9 Crystal Bonanza, Premium Link, as well as the multigames of General Series.
EGT will present its highly potential multiplayer solutions as well: the terminals G 27 T and G 32 T and the roulettes G R6 C and G RSA. They stand out with multiple ergonomic features and great flexibility, allowing numerous possible configurations with other devices, and will be supplied with the Power Series multigames and Jackpot Cards.
EGT’s casino management system Spider will reveal how easy the management of the day-to-day activities of a casino could be with it.
The subsidiary EGT Digital will also show its wide range of iGaming solutions, including popular instant games, jackpots and over 80 top-performing slot titles. The provider will demonstrate the in-house developed all-in-one betting platform X-Nave as well with its 4 main modules: Sportsbook product, CRM Engine, Casino Aggregator and the newest Payment Gateway, each one of which could be both part of the turnkey solution or operate separately as they allow integration with third party solutions.
“We are happy that for another year in a row we will take part in one of the biggest and most important events in the gaming world and we will endeavor to make it memorable as always. I believe that the innovations that we have prepared for G2E Las Vegas 2023, will create a stir among both our current and potential new customers and attract them to our booth, where they will receive offers they couldn’t refuse,” Nadia Popova, Chief Revenue Officer and VP Sales & Marketing at EGT, said.
Industry News
Bragg Gaming Group First Quarter Revenue Rises 4.2% to EUR 23.8 Million
Bragg Gaming Group, a global B2B content-driven iGaming technology provider, reported record financial results for the first quarter of 2024.
Matevž Mazij, Chief Executive Officer for Bragg, commented: “We carried our strong momentum in 2023 into the first quarter, delivering robust growth that underscores the ongoing success of our efforts to transform Bragg into a content-focused iGaming solutions provider across expanding North American and European markets. Year-over-year revenue increased by 4.2% to EUR 23.8 million, largely propelled by organic growth from our current client base, the addition of new customers in multiple jurisdictions, and impressive results from our in-house Wild Streak Gaming casino games studio.
“Although gross profit and Adjusted EBITDA saw modest decreases in the first quarter stemming from the extension and renegotiation of our agreement with Entain Plc to provide our PAM platform to BetCity.nl through 2025, we maintain a strong belief in our ability to achieve long-term growth and profitability. Our proprietary and exclusive third-party content continues to gain ground with an increasing number of top-tier operators globally, and we introduced a total of 19 new exclusive titles worldwide in the first quarter of 2024.
“Additionally, as we continue to make encouraging progress on our strategic alternatives review process, it’s important to emphasize that we are operating the business as usual and remain laser-focused on capitalizing on growth opportunities.
“With that in mind and in response to the increasing demand and growth in the iGaming marketplace, subsequent to quarter end, we took two significant steps to further fuel our growth initiatives. First, we secured a USD 7.0 million investment through a promissory note, enhancing our balance sheet flexibility as we continue to execute our strategy and explore strategic alternatives to maximize shareholder value.
“Second, we bolstered our leadership team with the appointment of Neill Whyte as our new Chief Commercial Officer. With over 18 years of iGaming experience and a proven track record of driving growth through successful commercial partnerships, Neill’s expertise will be invaluable as we leverage our extensive content and product portfolio to expand in existing and new markets. This key hire is another testament to how we are scaling our organization for sustained growth and profitability.
“While the strategic review process progresses, we remain bullish on the opportunities ahead as the trend of iGaming regulation continues worldwide. We see exciting potential in newly regulating markets like Brazil, Peru and Finland, as well as untapped opportunities in regions like Africa that we are actively exploring.
“The strategic moves we have made have established Bragg as a vital content provider for premier international iGaming operators, reinforcing our base for reliable and lucrative growth. Equipped with the appropriate strategies, financial resources, and talent, we are well-prepared to maintain our business momentum while pursuing initiatives that foster cash flow growth and deliver increased value to our shareholders.”
Industry News
Scientific Games Announces Mike Cardell as Senior Vice President, Americas Systems
Scientific Games announces the appointment of Mike Cardell as the company’s Senior Vice President of Americas Systems. As the industry’s fastest-growing lottery systems supplier globally, Cardell’s appointment is another example of the company’s continued investments in people and products to innovate for its customers.
Mike Cardell.jpgCardell is an accomplished business technology leader with more than 17 years of experience and a proven track record in innovating technology-based products and services, including enterprise and consumer-facing applications, transaction processing platforms, large-scale IT conversions, strategic growth and impactful results.
He will lead all aspects of the company’s Americas lottery system business, driving incremental revenue and expanding product offerings while nurturing existing client relationships to grow lottery profits responsibly. Cardell will also be executing product and business development strategies as well as overseeing central and regional operations, service and contract management.
John Schulz, President, Americas & Global Instant Products, said, “With a keen understanding of developing strategies for sustainable growth, Mike will be instrumental in growing our systems business and ensuring innovation and operational excellence in our existing system operations. His strategic mindset and leadership experience make him a valuable addition to Scientific Games. We are excited to welcome him to our team.”
Before joining Scientific Games, Cardell spent more than 11 years at Fiserv where he most recently served as the global fintech and payments company’s Vice President and General Manager of Next Gen Solutions: Signature and Cloud Solutions. In this role, he managed the modernization of legacy enterprise account processing software solutions and cloud transformation solutions for large financial institutions and financial technology companies. He also spent five years managing business development and marketing for Hewlett-Packard.
Cardell holds a B.A. in Public Relations from Texas Tech University.
Scientific Games is a trusted partner to 150 lotteries in 50 countries around the globe, providing games, technologies, analytics and services that responsibly drive maximum returns to their beneficiary programs.
Industry News
Navajo Gaming Honors 186 Team Members for Employee Milestones
This month The Navajo Nation Gaming Enterprise (Navajo Gaming) honored 186 of its total 1200 team members for reaching significant employment milestones including 15, 10, and 5 years of service for the enterprise. The event at Twin Arrows Navajo Casino Resort in Flagstaff, Ariz. showcased the impact and journey of each hard-working team member, with a special highlight for 29 employees who have served for 15 years.
Less than 10 years after Navajo Gaming was created by the Navajo Nation and charged with the mission of creating jobs, increasing revenues, and stimulating incremental economic development within the Navajo Nation, the gaming enterprise created over 7425 direct, indirect and induced jobs with an overall economic output of over a billion dollars.
“Navajo Gaming employs 1200 people, 85 percent of whom are Navajo citizens. The award-winning AAA’s coveted Four Diamond Twin Arrows Casino Resort shares Navajo Culture through architectural nuances and local artists. Each of the property dining eateries feature ‘Navajo Beef,’ and traditional cuisine of the Navajo people, and our invitation to stay, play and relax at one of our four properties or Travel Center is an open welcome to the Navajo Nation’s beautiful scenic transformation,” Matthew Shunkamolah, Interim Chief Executive Officer of Navajo Gaming, said.
Team members recognized for 15 years of services have worked their way up to a wide variety of position within the enterprise from General Manager and Executive Director of Slots, to Director of Security, Food and Beverage Supervisor and Executive Director of Government Affairs.
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