Today’s need-to-know news: Thursday, January 29

Today’s need-to-know news: Thursday, January 29

Thursday, January 29, 2015 Totally Gaming

Oliver Slipper is to step down from his current role as joint-CEO of Perform Group and will take up a role as non-executive member of the  board at the digital sports media company, which has a significant interest in the betting and gaming industry, as seen in TotallyGaming.com’s recent three-part, behind-the-scenes focus, which can be read here. Slipper, who has been at the helm since the company was established in 2007, will pursue other opportunities in “different industries” with Simon Denyer staying on as Perform’s sole chief executive...

Swedish gaming operator Cherry has struck a deal to acquire a controlling 51-per-cent stake in leading affiliate business Game Lounge. Under the deal, Game Lounge will select Cherry as a white label partner for SveaCasino.com and other brands in the future. The deal is expected to increase Cherry’s depositing customer base by more than 40,000. Cherry will pay €1.43m ($1.62m) for the majority shareholding plus an additional €2m in at least 13 months’ time, depending on various conditions. At that stage, Cherry will have the option to complete a 100-per-cent takeover...

British gambling operator Rank Group has hailed improvements across the board after posting impressive financial figures for the final six months of 2014. On the back of a three-per-cent rise in group revenue to £361.7m (€485.4m/$547.7m), group operating profit before exceptional items rocketed by 25 per cent to £40.8m for the first half of Rank’s 2014-15 financial year. Group EBITDA also leapt by 15 per cent to £62.1m. Rank also announced a digital partnership with Bede Gaming – click here to read our interview today with Bede Gaming commercial director Michael Brady...

Malta-based operator ComeOn Europe has been fined €180,000 by the Dutch gambling regulator, Kansspelautoriteit, for allegedly targeting consumers in the Netherlands despite not holding a licence to operate in the country...

And finally, Colossus Bets reached a deal with sportsbook platform provider ONEworks, which will distribute the online sports betting company’s pools betting products.

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