Number Crunching - LeoVegas, Microgaming and Aspire Global

Number Crunching - LeoVegas, Microgaming and Aspire Global

Wednesday, May 2, 2018 Posted by Joseph Streeter
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Breaking down all the week's news into a set of easy to manage figures

€2 billion - US firm Blackstone Group has grown its industry portfolio acquiring Spanish gambling operator Grupo Cirsa and its related assets.

Deal stakeholders have chosen not to disclose financial terms, however Cirsa advisors have previously stated that the firm’s sale would target a €2 billion valuation.

In November 2017, enterprise founder and majority shareholder Manuel Lao Hernandez confirmed to Spanish media that Cirsa had appointed Lazard as its financial advisor to review the operator’s future options.

£100 Million- BetStars and PokerStars Casino brands, today announced the biggest prize in online sports betting with the launch of the Stars £100 Million Challenge, putting just 64 correct selections in the way of winning a life-changing prize of £100 million during this summer’s football World Cup.

Straightforward and free to enter, this contest is open to adults in the U.K, Sweden, Denmark, Norway and Finland, who must correctly select all 64 results (simply as a win, lose or draw prediction) from this summer’s spectacular football tournament. If all are correctly selected, the winner will take home the lump-sum £100 million bounty. If more than one person wins, the prize will be shared equally.

£600,000 - LeoVegas Gaming Ltd is to pay a penalty package in excess of £600,000, after being sanctioned by the UK Gambling Commission for failings related to misleading advertising, and the handling of customers at the end of their self-exclusion period.

Neil McArthur, the Gambling Commission’s Chief Executive, said: “The outcome of this case should leave no one in any doubt that we will be tough with licence holders who mislead consumers or fail to meet the standards we set in our licence conditions and codes of practice.

“We want operators to learn the lessons from our investigations and use those lessons to raise standards.”

£12,680 - Microgaming has made a £12,680 donation to the Young Gamblers Education Trust (YGAM), via it’s PlayItForward initiative, helping the independent charity expand its gambling related harm prevention programme to the Isle of Man.

Kimberley Broad, Head of Compliance at Microgaming, comments: “Promoting responsible gaming and supporting our local community are hugely important to us, so we were naturally keen to support YGAM in extending its accredited programme to the Isle of Man.

“We have been very impressed with the charity’s success on building a programme that focuses on increasing awareness and resilience against gambling-related harm and we look forward to supporting them in delivering the vital training workshops on the island.

6 - iGaming platform provider, Aspire Global has been granted an extension of its Danish iGaming license until 2023, enabling further operations in the regulated Danish market, having already been operating in the region for six years.

Tsachi Maimon, CEO of Aspire Global, commented: “We continue to focus the geographic expansion to regulated or soon-to-be regulated markets, as these market conditions enable interesting business opportunities, increased competitive advantages and a more sustainable business for us as a full-service platform provider.”

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