Betsoft, known the world over for its 3D slots hosted by endearing characters, has strengthened in presence in Spain with top-tier operator Casino777.es while Madrid (Alcobendas) based Codere Online is reporting Q4 and full-year results for 2022 were “better than expected” as negative cash flow continues to throttle its bottom line.

Betsoft, launched in 2008 presents an ever-expanding global footprint as it continues service in some unregulated markets such as the U.S. The company successfully completed two ISMS audits in 2020 – opening the door to operate in Spain as well as in the Latin American country of Colombia.

Solidifying Existing Spanish Footprint

In the last couple of years, it has inked deals with well-known and lesser-known Spanish operators including Paf, Tonybet, Retabet, and Versus. Its most recent distribution deal is with the tier-one operator, Casino777.es.

Casino777.es is owned and operated by Digital Distribution Management Ibérica, and licensed by the DGOJ (Dirección General de Ordenación de Juego) since its launch in 2015. Some of the operator’s claims to fame include top-notch customer service, an efficient payment system, a progressive games portfolio, and ongoing promotions.

In addition to a casino component including live dealer games, the site also offers full-service sports betting.

While Betsoft has successfully integrated its games around the world, it’s gone a step further to better serve the Spanish market by translating some of its most popular games into Spanish. Take the Kingdom, Return to Paris, and Thai Blossoms are among the translated titles.

“The Spanish iGaming market is significant for us and one we take very seriously,” said Betsoft Gaming head of account management Anastasia Bauer. “We are delighted to be partnering with Casino777.es as they are a key operator in the country. We are looking forward to a successful relationship.”

Casino777.es manager for Spain, César Paredes García added: “We are very much an experiential operator. Delivering first-class entertainment is our core skill and so working with providers of Betsoft’s caliber is essential for us going forward. We anticipate a very positive future relationship.”

In other Spanish online gambling news…

Codere Online Revenue Up, Still Bleeding Cash

Luxembourg-owned and Madrid-headquartered Codere Online has reported “better than expected” fourth-quarter results with the entire year of 2022 bringing in net gaming revenue of €122.9m – 48% more than the prior year. Unfortunately, the Grupo Codere subsidiary experienced a negative cash flow of €46.m.

Outgoing CEO of the online Spanish-language operator, Moshe Edree commented: “We are reporting better than expected Q4 and full year 2022 performance. This success is a testament to our team’s dedication and focus on delivering an unparalleled online gaming experience for our customers.”

Edree handed the reigns of the online division to COO, Aviv Sher on March 1 but will stay on as executive vice-chairman of the board.

Edree focused on net gaming revenue when he said the “effectiveness of our growth strategy and our ability to successfully deploy marketing spend” across all of the company’s Spanish-speaking markets were responsible for the successful NGR numbers.

“We are pleased to have exceeded our 2022 net gaming revenue outlook of €115m to €120m and follow through on our commitment to investors,” added CFO Oscar Iglesias.

The company is in a constant state of improvement as it repositions itself for the present and the future. One such change just before the new year saw the company offload its Italian division.

Spain and Mexico Growth Markets

The company saw a 70% increase in NGR in the final quarter of the year with customers in Spain and Mexico contributing solidly. The increased revenue may be tied directly to marketing expenditures which more than doubled over 2021 numbers at €31.2m for 2022 – directly affecting both ends of the books.

While the subsidiary did see a net loss of €45.9m for the year, it was a major improvement over the prior year when it booked a loss of €68.0m in 2021.

The company projects a continued narrowing of losses estimated to be no more than -€30m for 2023 with net revenue of no less than €140m.

Codere Online will establish an important presence in Argentina in the coming year with a planned launch in Córdoba as it continues its pursuit of licenses in Mendoza and Buenos Aires.

“We continue to be very excited about the future and the opportunities that lie ahead, particularly in Argentina, where we are making significant progress towards starting operations in several new regions this year,” Iglesias said. “We are confident in our ability to execute on our plans and continue delivering sustainable growth for our shareholders.”

Source: Betsoft Gaming secures another Spanish Tier 1 operator with Casino777.es partnership, Betsoft News, February 28, 2023 – iGaming Business

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Separately, IGT and iSoftBet have been creating some of the best slots in the business for many years, but that’s all about to change. IGT completed its acquisition of iSoftBet in July 2022, meaning the two companies have now combined their exciting games into one portfolio under the IGT PlayDigital umbrella.

up to 200,704 win ways in one spin

One of their most recent slot releases, Cash Lab Megaways, made it into VegasSlotsOnline News’ Slots of the Week. It’s a science-themed game that offers six reels with a top tracker and lots of win ways. The game utilizes Max Megaways to give players a chance of covering up to 200,704 win ways in one spin.

VSO News caught up with Gil Rotem, president of iGaming for IGT, to find out a bit more about the game and how the purchase of iSoftBet will help propel the combined company forward.

Last year, IGT acquired iSoftBet. What effect has this had on the company?

The acquisition of iSoftBet had many benefits to IGT PlayDigital. In addition to expanding our talented team of employees, we more than doubled our portfolio of high-performing games, bringing the total to more than 225 titles.

We also inherited a world-class game aggregation platform. It offers operators a vast library of high-performing land-based games, innovative content, and business solutions via a single API integration. This also includes advanced analytics and player engagement resources such as a game recommendation tool, customizable widgets and reporting solutions, and enhanced jackpot features.

IGT PlayDigital has a history of innovative slots. What is the secret to creating such unique games so regularly?

First and foremost, we love what we do. We have very talented game designers who like creating compelling games with themes and mechanics that players enjoy. Knowing that not all players, just like not all operators, are interested in the same games, IGT PlayDigital ensures that we are analyzing data and creating market-attuned games specific to the players in that region.

converting top-performing land-based games into player-favorite digital games

IGT’s rich pedigree in land-based gaming has also helped successfully in converting top-performing land-based games into player-favorite digital games such as best performing Wheel of Fortune, Cleopatra, Cash Eruption, and others.

The latest of your slots to make it into our Slots of the Week is Cash Lab Megaways. Can you explain a bit about the game and what makes it different?

Cash Lab Megaways is a unique mix of the six-reel, two-tracker setup with the win potential offered with the Megaways engine. This game uses simple mechanics of matching wild symbols on trackers resulting in wild reels and multipliers, unlocking the power of the Megaways. With the addition of special bonus features and the exciting Megaways mechanic, the game gives players the opportunity to win big.

What other exciting IGT PlayDigital games do you think our readers would enjoy?

We have a wide variety of proprietary game titles that have proven very popular among our customers and their players. Classic iSoftBet fan favorites like Gold Digger and Majestic Megaways highly complement IGT PlayDigital’s popular games such as Cash Eruption and Cleopatra.

a new three-game series inspired by Greek mythology

Other exciting games, which we recently featured at ICE London, were Cleopatra Grand, Cool Catch, Ice Heist, and Crabbin’ Crazy II. We also demonstrated a new three-game series inspired by Greek mythology: Olympus Zeus Megaways, Olympus Hades Megaways, and Olympus Raging Megaways. 

What does 2023 have lined up for IGT PlayDigital?

We are on an exciting trajectory for the upcoming year and beyond. We are focused on launching new content, entering new markets, and maintaining our position as the leading B2B iGaming supplier in the US. IGT PlayDigital has a global presence in regulated jurisdictions around the globe, but with the acquisition of iSoftBet, we were able to enter new markets that we hadn’t operated in and deliver exciting new content.

Additionally, we have plans to launch a digital version of the highly successful land-based game Prosperity Link. We are also expecting to debut the first omnichannel wide area progressive game Wheel of Fortune Triple Gold Gold Spin in New Jersey in the first half of 2023.

As we are in the business of creating fun, we create exciting and entertaining player experiences that will position us as the number one supplier in all jurisdictions.

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Sportsbet, a corporate bookmaker, claims to have maintained the leading position in the Australian sports betting market over the year 2022. The company says that it reached a market share of 48 % despite the falling stake and revenue figures throughout the year.

Revenue fell, and wagering increased:

According to figures reported at the end of the fiscal year 2022 by its UK-based parent company Flutter Entertainment, Sportsbet’s 2022 revenue fell by 2% on a year-on-year basis to £1.26 billion (US$1.51 billion). On the other hand, the number of average monthly users increased by 8% to settle at 1,090,000. Also, the user count hit a record in December, when around 1,300,000 customers wagered through the company’s sportsbooks representing almost a doubled average user figure in comparison to the pre-pandemic 4Q19.

”Challenging comparatives”:

Sportsbet said it took advantage of the favorable COVID-19 circumstances in the first half of the year, but the second half features some ”challenging comparatives,” such as the increased consumption tax settlement which enforcement from July induced an 11% fall in EBITDA to £390 million (US$466 million).

“As the clear market leader with over 48% of the Australian online sports-betting market, Sportsbet benefitted most from the retail to online migration during the Covid lockdown periods in 2020 and 2021, growing 1.4 times that of the online market,” said Sportsbet.

Reversed online engagement:

The company also said: “As retail and society fully reopened during 2022, AMP (average monthly player) growth was more than offset by the reversion of online player engagement from peak COVID levels and competitive intensity which stepped up significantly in 2022, particularly in Q4. This led to high levels of generosity with customers shopping around for the most generous offers.”

Solid grounds for further growth:

According to IAG, Sportsbet also said that the company made additional investments in sales and marketing activities during the fourth quarter to offset the increased tax expenses and the falling handle. These promotional efforts resulted in the increased monthly average players reaching their peak in December 2022. Such a development made solid grounds for the bookmaker to compensate for the lower handle over the H2 and set for further growth in 2023.

Sportsbet commented: “We are confident that the plans we have in place for 2023 are the right strategy to drive future growth over the medium term. We will do this through continuing to deliver product innovation and personalized generosity while leveraging our growing recreational customer base, unparalleled local scale, and long track record of growing through regulatory changes.”

Group’s revenue increased against the net loss:

The Australian bookmaker thus contributed to the increased revenues of the entire group. According to the financial report for the full year 2022, Flutter recorded a 27% revenue increase to £7.69 billion (US$9.19 billion) with EBITDA also growing by 27% to £918 million (US$ 1.1 billion). However, the severe operating circumstances in 2022 made the company nevertheless report a net loss after tax of £305 million (US$364 million).

Casino Maltese – Club History and Brief Timeline

The Casino Maltese in Valletta was founded on 1st March 1852, with the motto ‘Omnibus Idem’ (Latin – ‘same for all’) and the goal to unite and entertain its members. The club was first located on Valletta’s main street, in the Chamber of Commerce’s Exchange Building.

The Maltese casino occupied its current premises – on Republic Street between 1859 and 1877 and then again from 1901 till today. From the table above, you can see a short timeline of the history of the Casino Maltese’s magnificent building. It was originally built by the Knights of Saint John of Jerusalem, Rhodes and Malta in the 17th century and was used as a Treasury. Furthermore, the venue is regulated and monitored by the Malta Gaming Authority.

The Maltese Casino – Top Entertainment Venue

The Casino Maltese on Republic Street is a well-known party venue that hosts all types of events year-round. It is often a chosen destination for shows, art exhibitions, weddings and other private events, book launches, lectures, etc. Of course, no entertainment venue would be complete without a casino of its own. It gives you that highly rewarding experience and the chance to win some money. But, most importantly, this little escape from the daily routine is super fun and exciting.

Even though the Casino Maltese in Malta is not that big, it boasts a fine billiard room with an antique playing table, always kept in perfect condition. The good news, is that whether or not you’re a member of the club, you’ll still be able to visit and enjoy it. The Casino Maltese billiard room can be booked for a game with family and friends, and is also available to all its members. Moreover, there are various competitions held throughout the year.

Overall, the Casino Maltese in Valetta is an ideal place to catch up with friends and even make new ones while enjoying a good play. Still, you won’t find here the usual slot machines, roulette tables, or even sports betting options like the ones present at the top Maltese betting sites. It’s more of a limited experience to take advantage of while on your little adventure in this outstanding historical place, whose heritage and beauty will absolutely entice you.

The Casino Maltese – A Historical Venue of the Highest Standard

The Casino Maltese in Valletta offers a range of facilities to its members, but not only. Some of the rooms, as well as all its facilities, can be hired for private events – something which can’t be seen at the the best online casino sites in Malta for 2023. The large halls, ballrooms, and splendid surroundings can provide the perfect setting for any special event. Stay tuned because, in this paragraph, we’ll tell you about the property, and its lovely spaces, one by one.

Right when you enter, you see a large, light entrance hall with a lovely staircase that branches off into two.

The Casino Maltese Private Events

The Casino Maltese in Valletta is an amazing location for weddings, private dinners and parties, cultural and social events, such as lectures, shows, exhibitions, launches, as well as business meetings and events. Its beautiful interior, great location, and stunning views over Valletta’s main square make it a worthy location to consider.

For maximum convenience, down below, we have prepared a short table where you can look at the Casino Maltese main venues and their capacity. Also note that if requested, catering can be provided too, delivered by Corinthia Caterers.

The Casino Maltese Membership

The Casino Maltese membership presents access to a superb historic building, along with all its facilities. It is a sweet escape from the bustle of Valletta, with its chic Courtyard bar, restaurant, reading room, and fine selection of luxurious rooms, where you can relax, meet friends, organise events, and have fun.

Luckily, ballots are held regularly throughout the year, so new members can join the Maltese casino club any time during the year. However, be aware that in order to become a member, you will need a recommendation of a proposer and a seconder from among the current members of the Casino Maltese club.

Last but not least, the Maltese Casino club on Republic street has reciprocal membership with some of the best clubs in the world. That means its members can use the facilities of these clubs as well, just through an introduction from the club’s secretary. Some of the reciprocating clubs on the list are:

The list really goes on and on. There are lots more venues on the Casino Maltese reciprocating clubs list throughout different countries and continents. The ones listed are just a few, but the complete listing is publicly available and can be found on the official Casino Maltese website.

FAQ

Hopefully, our Casino Maltese blog will provide you with helpful and interesting information on the subject. Still, the following is a brief faq section that we prepared. It is based on the most asked questions we received on the topic, so we believe it would be useful to look at further.

Just another night in Las Vegas

Several celebrities, including Leonardo DiCaprio and Kim Kardashian, have been questioned by the FBI in relation to its investigation into disgraced Malaysian financier Jho Low. A report published by Bloomberg Businessweek on Thursday reveals some of the details of those conversations.

When speaking to the FBI, Kardashian described a night she spent in 2019 playing baccarat in Las Vegas with Low. She was with a group in a private baccarat room until after 5am. At one point, Kardashian got ready to leave, but one of her friends instructed her to remain as he had “heard stories of Low giving people chips at the end of the night.”

he told her she could keep the winnings

Kardashian ended up staying at the table using casino chips that Low had staked. She then hit it big in the baccarat game, but when she attempted to give the chips back to Low at the end of the session, he told her she could keep the winnings.

Big money

The reality television star went to the cashier cage and discovered that she had $350,000 in chips. She was then given a “trash bag full of one hundred dollar bills” worth $250,000. Kardashian put the trash bag stuffed with cash into her carry-on luggage when she flew back to Los Angeles.

Kardashian first encountered Low in 2009 when he paid her $50,000 to appear at his birthday party in a Las Vegas nightclub.

During another gambling session in Las Vegas with Low, Kardashian reportedly won and kept $100,000 in cash. The Bloomberg Businessweek report did not name the casino or casinos where the gambling took place, though a Venetian marketing executive alleged last year that Low had wagered $87m at the baccarat tables at the Venetian resort.

An alleged fraudster

Jho Low appeared on the radar of the FBI as a result of fraud allegations in which he is alleged to have embezzled millions from the 1Malaysia Development Berhad (1MDB) government fund. While Low did not have an official position within the fund, the US authorities believe that he was the mastermind behind the fraud scheme. Low is currently an international fugitive.

The 1MDB fund was started in 2009 and was headed by Malaysia’s prime minister at the time, Najib Razak. Razak was accused in 2015 of embezzling $700m from the fund and transferring the money into his own bank account. He was sentenced in 2018 to 12 years in prison.

reputation for partying in Las Vegas with celebrities

Low had a reputation for partying in Las Vegas with celebrities, as well as spending big money on art and real estate. He was even said to be the main financial backer for The Wolf of Wall Street blockbuster film that starred Leonardo DiCaprio. If it is proven that the money Kardashian received from Low was stolen, she might have to hand it over to the authorities.

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