Industry News
Party the night away with Lightning Box’s Toro Rockets
Provider’s newest game rolled out exclusively with Aspire Global
Get ready for a party with specialist slots provider Lightning Box’s latest game release Toro Rockets.
The new title from the Sydney-based studio celebrates the Mexican festival the Day of the Dead and features a number of striking symbols marking the famous holiday including a Mariachi band and a neon bull which acts as a wild.
An explosive bonus round is triggered when three red rocket scatter symbols land anywhere on the reels, starting players off with a minimum of seven free spins. Throughout the round, rockets are collected to increase levels, awarding more free games and prize multipliers up to 25x.
Toro Rockets will launch exclusively with Aspire Global on June 8th before its network wide release from June 22nd via Microgaming’s Quickfire platform.
Peter Causley, CEO and co-founder of Lightning Box, said: “Players are in for a real Mexican treat in our new title Toro Rockets, celebrating the nation’s iconic holiday.
“The latest addition to our portfolio is set to make a real bang in the online casino space, with firework celebrations a certainty with prize multipliers of up to 25x the original stake available in the bonus round.”
Industry News
Entain Examines Possible Sale of Overseas Gambling Brands
Entain has hired advisers to oversee the possible sale of several of its overseas brands, according to reports.
These brands include Netherlands-based BetCity, which the gambling firm had bought last year.
The Netherlands, last year proposed a plan for tighter deposit limits from the second quarter, which is expected to hit Entain’s annual revenue and profit, the company said earlier this month.
A local offshoot of Ladbrokes in Australia, Sweden-based Enlabs and Georgia-based CrystalBet are other brands that are not integrated into Entain’s main tech platform and under review, reports said.
Wall Street boutique advisory Moelis is advising Entain’s board and the group’s recently formed capital allocation committee, and any disposals will be of brands that are not integrated into the company’s technology platform, which makes them easier to sell.
Entain, like other gambling firms, gained from a rise in online betting during the pandemic, but stiffer regulations in its main markets have hurt its bottom line.
The UK, the gambling firm’s largest market, is expected to put out a review this year, which is said to include a stake cap on slots at 5 pounds ($6.37) and increased affordability checks.
Entain expects its core profit to incur a 40 million pounds hit in 2024 from the regulatory moves in the UK and Netherlands.
888 Holdings
888 Holdings Terminates its Deal with Sports Illustrated
888 Holdings said on Wednesday it had terminated its deal with Sports Illustrated and was looking at options to sell or exit its direct-to-consumer U.S. operations, due to intense competition and low margins.
Sports Illustrated (SI), known for its eponymous sports magazine, had entered the online betting market in an exclusive deal with 888 in 2021 in a bid to entice SI fans.
Sportsbetting in the US took off in the last few years since it was legalised in 2018, with players in the country partnering up with or buying out British gambling groups that have more experience in that field.
But it has been a long road toward profitability for many sports gambling groups including market leader Flutter-owned FanDuel, which turned profitable for the first time only last year.
“In the US, the intensity of competition and requirement for scale means huge investment is required to reach profitability,” 888 CEO Per Widerström said in a statement.
BetMGM, jointly owned by Ladbrokes-owner Entain and MGM Resorts, made its first profits in the second half of last year.
888, which is active in four U.S. states, said it was terminating its agreement with SI-parent Authentic Brands and would pay a termination fee of about $25 million.
The termination is expected to help save 888 about $6 million to $7 million per year in 2024 and 2025, it added.
Industry News
Aristocrat Announces Inaugural Gaming Industry International Women’s Day
Aristocrat Gaming announced its inaugural gaming industry International Women’s Day (IWD) event, set to take place on March 8, 2024, at the Sofitel Manila in the Philippines.
The event aims to celebrate the accomplishments of women in gaming and initiate discussions on how organisations can leverage diversity, equity and inclusion (DEI) initiatives to drive progress within their own operations and the industry as a whole.
The event will feature a dynamic programme, headlined by a panel discussion with prominent figures in the gaming sector, including Cheryl Tiglao, Director of Slot at Hann Casino Resort; Katrina Mae De Jesus, Head of Business Development and Resort Marketing at Universal Hotels and Resorts Inc.; and Vina Claudette Oca, Assistant Vice President – Gaming Licensing and Development at PAGCOR. Attendees can anticipate engaging discussions, networking opportunities and actionable strategies for advancing gender diversity and inclusion in the workplace.
Lloyd Robson, General Manager – APAC at Aristocrat Gaming, said: “We are thrilled to host our first-ever International Women’s Day event in the Philippines. Our commitment to empowering women transcends mere equality – we firmly believe that embracing diverse perspectives and talents can enhance the gaming industry, fostering innovation and shaping a sustainable and inclusive future for all.”
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