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Redbet chooses Ongame after leaving IGT

Redbet chooses Ongame after leaving IGT | Poker & eGaming News | Scoop.it
Amaya subsidiary Ongame acquire new partner

MONTREAL, Canada – December 18, 2012 – Amaya Gaming Group Inc. (“Amaya” or the “Corporation”) (TSXV: AYA), an entertainment solutions provider for the regulated gaming industry, announced today that Redbet Gaming Ltd (“Redbet”) has chosen Amaya’s wholly owned subsidiary Ongame Network Ltd. (“Ongame”) for a two-year licensing agreement to power its company-wide poker business. The multi-site deal includes popular brands such as Redbet.com, Whitebet.com and Heypoker.com.

“When leaving the IGT poker network we did a thorough investigation of all B2B poker providers,” said Adam Vella, Head of Poker at Redbet Gaming Ltd. “Selecting Ongame was an easy choice. Ongame combines excellent network management with a rock solid technical platform. Today, Ongame now provides poker to all of our major sites.”

“We’re pleased to add Redbet to our growing family of clients and look forward to exceeding their expectations in us as a technology partner,” said Darcy Krogh, VP of Business Development at Amaya. “We continue to execute on Amaya’s plan for Ongame, which is to leverage its scalable software architecture and infrastructure to add new partners to Ongame’s network, including in new jurisdictions. With Amaya’s regulatory experience and proven platforms in both poker and casino, we are an increasingly viable option for those looking for new partnerships online.”
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Redbet First Quarter Results, Casino Online

Malta-registered online gambling firm Redbet Holding AB released its first quarter 2012 results:

 

- Operating revenues amounting to SEK 24.5 million (Q1/2011: SEK 17.2 million), an increase of 42 percent.

- Operating profit amounting to SEK 0.6 million (Q1/2011: SEK 0.8 million).

- Profit after tax amounting to SEK 0.3 million (Q1/2011: SEK 0.6 million).

 

- Casino represented 39 percent of the group's total gaming revenue, while betting accounted for 32 percent & poker 29 percent.

 

- Casino revenues grew by 97 percent

- Betting revenues grew by 32 percent

- Poker revenues grew by 3 percent

 

- Earnings per share amounting to SEK 0.01 (Q1/2011: SEK 0.02).

- Player deposits amounting to 91.4 million (Q1/2011: 71.1 million), an increase of 29 percent

- Registered online gaming player accounts for the Group was 315 519 (Q1/2011: 167 618).

- Active player accounts amounted to 38 384 (Q1/2011: 20 636).

 

Other sources:

http://www.gamingintelligence.com/finance/16149-redbet-sees-revenues-rise-but-higher-costs-hit-bottom-line

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Redbet improve online casino revenue, iGamingPost

Redbet Holding AB, the Swedish online gambling provider has released its interim financial results for the second quarter of 2012 showing a 59% increase in operating income to $3.7 million.

 

Redbet which is based in Stockholm operates the Redbet.com, OptiBet.lv, HeyPoker.com, WhiteBet.com, GoldClubCasino.com and TotalPoker.com domains and revealed that the three-month period saw it post a profit of $30,287 compared to a loss of $272,60 for the same three months in 2011.

 

Other sources:

http://www.igamingbusiness.com/content/redbet-holding-boosted-online-casino-revenues

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