Montreal-headquartered global payments technology company Nuvei has reported its revenue for the third quarter of the year. The company posted a slight quarterly year-on-year increase but was negatively affected by currency exchange rates.

Nuvei’s Revenues Are Favorable

Nuvei said that it earned revenue of $197.1 million for the period, which represents a 7% increase on 2021’s results. Despite the favorable number, Nuvei reported that its revenue was negatively affected by changes in foreign currency exchange rates.

Meanwhile, net income plummeted to $13 million because of a $22.6 million increase in share-based payments. Adjusted EBITDA, on the other hand, experienced an ever-so-slight increase, going from $80.9 million in Q3 2021 to $81.2 million in Q3 2022.

Overall, Nuvei has so far recorded revenue of $623 million for the nine months ended September 30 200. This represents a 22% increase and is considered favorable despite the currency-related headwinds. Net income for the nine months decreased from $94.7 million to $52.6 million, reflecting a continuous trend. AEBITDA has so far increased by 16% and is currently $265.6 million.

Q3 Saw the Company Improve Its Products

Q3 was also a period of improvement for Nuvei. The company successfully enhanced its platform architecture and infrastructure, allowing it to support a higher number of transactions per second. Nuvei also grew its alternative payment methods portfolio to 586, allowing it to suit the needs of many companies across the world. This is in line with the company’s ambition to expand globally and serve multiple markets at the same time.

Furthermore, the payments provider enhanced its payment orchestration platform with a self-service routing manager. In Q3, Nuvei also launched Nuvei for Platforms, helping it boost its marketplace offering. The company released new products, such as an Account Updater for Europe, Mastercard tokenization and Visa Account Funding Transaction Support.

Lastly, Nuvei enhanced its team with new specialists and received licenses to operate in Maryland and Kansas.

Philip Fayer Praised the Results

Philip Fayer, Nuvei’s chief executive officer and chairman, said that his team is very pleased with the results for the quarter. Despite the problems with the conversion rates, the company’s results exceeded the financial outlook Nuvei previously provided.

We’re executing on our strategic initiatives and with the momentum we’re experiencing in the business year-to-date through October, we are increasing certain metrics as well as reaffirming the outlook for the full year 2022. We are also reiterating our medium and long-term targets.

Philip Fayer, CEO and chair, Nuvei

In other news, a few weeks ago, Nuvei inked a payment agreement with Lottomatica.

Adda52.com, the gambling firm behind what it claims to be “the best card game site in India,” has announced an extension of its co-sponsorship deal with FC Goa. The operator is seeking to expand its presence in professional soccer and promote the sport.

FC Goa Still has Adda52’s Backing

Adda52’s goal is to improve its sports footprint while nurturing the pro sports ecosystem. It believes that soccer is one of the best skill-based sports and compared its complexity with that of poker.

In an official statement, the Indian operator explained that while they seem simple on the surface, both poker and soccer require a profound understanding of the game and polished skills to play at a pro level. It emphasized that to be a professional at any, one would need to have the “mental fortitude” to withstand the pressure, as well as the cunning to read the opponent’s mind.

Because of that, Adda52 is happy to continue supporting FC Goa and show its commitment to Indian soccer. This agreement extension will notably see the operator support the club for the third consecutive Indian Super League (ISL) season.

The Soccer Club Is Happy to Have Adda52 by Its Side

Both parties addressed the renewed agreement. Ravi Puskur, FC Goa’s vice president, noted that the upcoming ISL season is surely going to be a very exciting one. Because of that, he is happy to have the backing of an influential local brand such as Adda52.

Puskur concluded that he appreciates the partnership with the operator and hopes that there would be more future opportunities for the two parties to work together.

Meanwhile, Krishnendu Guha, Adda52.com’s chief revenue officer, said that his team remains adamant about supporting pro sports in every way it can. Guha noted that games are more than just a pastime. In his words, all types of skill games are a way of life. His team is, therefore, committed to offering its full support to the pro sports ecosystem and FC Goa in particular.

Adda52.com is honored to join hands with FC Goa as a sponsor and help the team on its path to become a source of talent for the national team. The new season has begun and we can’t wait to watch FC Goa win the championship.

Krishnendu Guha, CRO, Adda52

Adda52 is ambitious of nurturing FC Goa into a professional team that supplies players to India’s national team. Its dedication to sports, however, doesn’t end here as the company has other existing agreements with teams and organizations from other sports as well.

In June, Delta Corp, the ownership company of Adda52’s parent firm, Gaussian Network, opened a new casino resort in South Goa. The property opened its doors to gamblers on June 2, attesting to the company’s growth drive.

Player spending on sports betting in Colorado has gone up 10.3% on a year-on-year basis. The monthly handle reached $450.2 million in September 2022 compared to $408.3 million in September 2021. By comparison, Colorado’s accepted wagers reached $290.1 million in August 2022. Online bettors also wagered $445.6 million this September, while retail sportsbooks recorded $4.6 million from all locations spread throughout the Centennial State.

Gross Gaming Revenue Went Up 126%

Colorado’s gross gaming revenue reached the $51.3 million mark, signaling a 126% increase from $22.7 million recorded last September. In August 2022, the state recorded $25.9 million in gross gaming revenue, which means the September 2022 figure went up 98.1. 

As for revenue from online wagering, official Colorado announced a total of $50.7 million. Out of it, $659,647 was connected to retail wagering in September. Soccer was also the most popular sport chosen by bettors for September, mostly as a result of the increased interest in the fresh National Football League season that was initiated at the beginning of the month. Accordingly, Colorado bettors chose to spend a grand total of $145.7 million in close to 7,500 wagers on professional soccer. Bets on college soccer reached the $52.7 million mark, while baseball bets totaled $83.2 million. At the same time, combination and parlay wagers gathered $75.3 million.

As for sports betting taxes, the state attracted $3 million to its treasury in September 2022, marking a 518.9% increase compared to last September’s figure of $483,048. The win percentage for licensed sports betting recorded a steady 11.40%, marking a new record for the highest win on a monthly basis.

Baseball Wagers Came in Second

As for baseball wagers, they recorded $83,2 million from bets, whereas National Collegiate Athletic Association Football was ranked third with $52,6 million. Finally, tennis reached the fourth position after gathering $33 million in wagers in September, while basketball came in on the fifth position with $21,6 million wagered by bettors passionate about the sport. At the end of September, the official Fiscal Year 2021-22 financial report issued by the Colorado Department of Revenue revealed impressive revenue for the state. The growth was a result of the different legislative initiatives that allowed operators to gain better control over their businesses.

Three years ago in November, voters in Colorado passed Proposition DD which turned Colorado into one of the US states that would enable people to make legal wagers on sporting events. This was possible as a result of the Supreme Court taking down the law banning sports betting in the majority of states. Together with the legislative bill issued by the Colorado General Assembly in the spring of 2019 and Proposition DD, the state’s Division of Gaming and Limited Gaming Control Commission turned into the statutory authority that would oversee regulation regarding sports betting. Colorado officially legalized and regulated sports betting on May 1, 2020.

Foghorn Payments, a leading payment service provider, unveiled details regarding a new iGaming payments solution that is compliant with the gambling regulations in Ontario.

Leading Payment Service Provider Rolls Out New Solution

The latest announcement came Thursday and delivers a new solution for Canadians called Interac Express Debit. Foghorn’s leading solution enables customers to pay directly from different financial institutions. This innovative solution offers an easy and quick payment process for Canadians while at the same time complying with the regulations of the Alcohol and Gaming Commission of Ontario (AGCO).

In addition, Foghorn introduced a solution that fully complies with the Responsible Gambling Council (RGC) called Responsible Payments. The company acknowledged that payments within the iGaming industry have always been challenging for online players. Foghorn explained that those payments relied on: “expensive cash advances from credit cards or requiring secret bank information to be exposed to third-party “bots” that can cause security concerns.”

The payment provider’s leading payment solutions enable online players to complete payments safely. Online users can pay directly from their bank account, while the solution itself is tapped into the Canadian financial system. This means that there’s no need for a third-party payment processor when completing the transactions. According to Foghorn, its solutions seek to reduce fraudulent transactions. At the same time, the company’s innovative payment solutions support Responsible Payments and are in compliance with the AGCO.

Responsible Gaming Benefits from Responsible Payments

Offering reliable, secure, real-time and scalable payments online is a key goal for Foghorn Payments. The company’s solutions stand out with high levels of security and meet the highest standards for risk management. Overall, Foghorn is famous for offering one of the most secure methods for payment transfer in the world.

“Responsible gaming starts with Responsible Payments. We offer safer, sustainable options that benefit both players and the industry.“

Mike Bradley, founder and CEO of Foghorn Payments

Mike Bradley, Foghorn Payments’ CEO and founder, acknowledged that responsible payments boost responsible gaming. He explained that the company offers secure payment options that can be used by users or operators within the growing online gambling industry. Bradley explained: “Many customers may not be aware that they are violating bank agreements and voiding protections by providing secret bank information to third-party bots.” Last but not least, he warned that credit cards can be expensive and may bring financial burdens for customers.

Southern California’s newest luxury resort, Yaamava’ Resort & Casino at San Manuel expanded its slot portfolio by adding a new game from Sega Sammy Creation. The venue was the first in the world to launch the developer’s latest slot “Resident Evil: Vendetta.”

Resident Evil: Vendetta Slot Debuts at Yaamava’ Resort & Casino

Three units of Sega Sammy Creation’s newest slot were installed at Yaamava’ Resort & Casino on Monday last week. Famous YouTube gaming influencers AkaFuji Slots and Kuri Slots were among the first people in the world to experience the new slot Resident Evil: Vendetta. Then, coinciding with the Halloween weekend, on October 30, the venue celebrated the launch of the new slot by organizing a spooky party.

Some 200 guests were invited that had to chance to play the new slot game from Sega Sammy Creation. Some even enjoyed complimentary pulls, while others had the chance to meet Resident Evil star Boris Kodjoe. In line with the spooky theme, actors wandered around the casino looking like zombies, while the venue added different decorations reminding of the world-famous movie series Resident Evil.

The recent launch of Resident Evil: Vendetta slot further expands the venue’s already rich offering. At the same time, Sega Sammy Creation’s latest slot will be exclusively available at the casino for 30 days. Famous as California’s premium luxury resort, Yaamava’ offers a huge casino floor with more than 7,000 slots. The resort features a 17-floor hotel that has 432 luxurious suites and guest rooms. Visitors of the resort can also enjoy additional amenities such as a salon and a full-service spa, as well as an elevated pool deck. A 24-hour in-room dining option is also available for guests of the Yaamava’ Resort.

The New Slot Brings Unique Experiences for the Players

Kenji Hall, Yaamava’ Resort & Casino’s chief operating officer of gaming, predicted that the famous game which is inspired by the popular movie franchise will be appealing to the visitors, especially considering that it grants them a chance for big prizes. He added that the venue currently offers some of the most popular games and has more than 7,000 slots. Last but not least, Hall said: “With this world premiere, we are bringing thrills and chills just in time for Halloween with this Resident Evil Vendetta game!”

“We are extremely honored to have the opportunity to partner with Yaamava’ Resort & Casino at San Manuel for an exclusive World Premiere of the game, and to have the players at Yaamava’ experience the thrilling, innovative game features.“

Takashi Maekawa, SVP of sales and business development at Sega Sammy Creation

Takashi Maekawa, Sega Sammy Creation’s SVP of sales and business development, added that the company is delighted to join forces with Yaamava’ Resort & Casino for the world premiere of its newest game. Finally, Maekawa pointed out that the new Resident Evil: Vendetta slot offers innovative features and brings thrilling experiences for the players.

The fast-growing iGaming company, ComeOn Group, announced two strategic leadership appointments Thursday. The company revealed it strengthened its leadership team by adding Aaron Lowe as its new director of casino. Additionally, the company’s senior-level team received a boost from the appointment of Jonathan West as director of sportsbook.

Aaron Lowe and Jonathan West Join ComeOn Group

ComeOn Group said that West’s appointment is effective from October 24. In his new position as director of sportsbook, he will be reporting to the company’s chief product officer (CPO), Cristiano Blanco. As director of sportsbook, West will be based in Gibraltar and will spearhead the company’s growth within the sportsbook vertical for all of its markets and brands. Before joining ComeOn Group, West was a part of Casumo, the ward-winning online casino. During his time at Casumo, he held the position of director of sportsbook. His professional background includes other senior-level sportsbook positions with BetVictor and MoPlay.

On the other hand, Lowe’s position with ComeOn Group is effective as of November 1. Like West, he will also report to the Blanco. In his new position, Lowe will oversee the company’s entire casino operations within all markets as well as brands. Before joining ComeOn Group, he was a part of the William Hill-owned brand Mr Green. As a part of Mr Green, Lowe held the position of international head of gaming. His professional background also includes positions with Entain and JackpotJoy, where he held similar roles.

The Company Continues to Execute Its Growth Strategy

Blanco said that with the recent announcement the company continues to execute its growth strategy. He pointed out that having Lowe join ComeOn Group’s team will propel the casino operations to a new level. According to the company’s CPO, Lowe is a proven leader with significant experience which he will leverage to help ComeOn Group’s customers and bring innovative ideas.

“ComeOn is successfully following up on its growth strategy and this is an exciting time for Aaron to join our business and lead the casino vertical to the next level.“

Cristiano Blanco, CPO at ComeOn Group

Blanco added that the sportsbook vertical is significantly important for ComeOn Group. He pointed out that the company is delighted to see West join its senior-level team. Finally, Blanco said: “Jonathan is combining extensive product and trading experiences as well as know-how in proposition management and will guide our sportsbook vertical to the next stage of acceleration.”

SkillOnNet, a global gaming and entertainment behemoth, has signed a new partnership with up-and-coming iGaming developer and casino supplier Spade Gaming. Thanks to this new alliance, Spade Gaming will be able to bring its established product portfolio and make it available for SkillOnNet players.

SkillOnNet Keeps Momentum in Content Variety

Spade Gaming has developed a number of excellent slots, ranging from innovative skill-based arcade concepts to classic and video titles. The company has gathered momentum in Asian and Latin American markets in particular and has been happy to continue building up.

Part of this build-up is thanks to spot-on games such as Fishing God and Fishing War, which will be among the many titles that SkillOnNet can now extend to partner casino operators and brands. SkillOnNet already features more than 3,500 titles that include table games, progressive slots, instant win titles, bingo, and live dealer games, among many others.

SkillOnNet head of games Jani Kontturi was pleased with the new partnership and said that Spade Gaming is building some quality gaming content all around. Kontturi noted that Spade Gaming’s presence in the Latin American and Asian markets was a significant advantage.

We’re pretty confident their games are going to massively popular with European players, as well. Fishing War and Fishing God are hugely engaging titles, and they bolster our arcade-style content, which has a fast-growing audience in all markets.

Spade Gaming general manager Danny Vincent was similarly pleased to be teaming up with SkillOnNet Games and welcomed the opportunity. Vincent had this to add:

We’re passionate about building games that engage and entertain, and this deal means our games will reach new audiences and new markets through some of the world’s biggest gaming brands.

Recently, SkillOnNet added Ezugi as another trusted supplier to extend to its partner casinos and brands. SkillOnNet is determined to bring leading solutions and titles to its business partners. SkillOnNet also teamed up with German supplier of iGaming products Hölle Games back in September, and the company helped roll out Wazdan content in Ontario back in August.

Playson, a developer of innovative iGaming content, has struck a new partnership with SkyWind Group. As a result, Playson will move forward and provide the company with its full collection of online casino titles, which are some of the most distinguishable names in the industry.

Skywind Group Gets Content Boost from Playson

They include award-winning titles such as Lions Gems: Hold and Win, Joker’s Coins: Hold and Win, and not least, Burning Fortunator. Skywind Group operates a number of brands in Romania, and Playson will also seek to consolidate its presence in the market with some of its new partner’s flagship websites, including Magnum.com, Princess Casino, and not least Luck.com.

Playson sees Romania as an important market that the company will seek to continue expanding into and through the right partnerships. Playson sales director Blanka Homor welcomed the opportunity and said that she was delighted to see the supplier join forces with SkyWind Group:

The current deal will bring our popular titles to more players across Romania, giving us the opportunity to deliver exciting content to a broader range of slots fans.

Playson sales director Blanka Homor

SkyWind Group head of CRM Daniela Asaftei was similarly pleased with the partnership and said that the Group was very happy to be welcoming Playson, an established supplier and developer of brilliant top-of-the-range casino games.

“We are confident that the supplier’s titles will appeal to our player base and generate impressive engagement and retention rates,” Asaftei concluded. Playson recently launched with 711.nl and it has been building up in other European markets as well, including the Czech Republic through MerkurXtip.

Playson is an author of a number of excellent slot and table games for the online casino sector. It has released popular titles such as Treasures of Fire: Scatter Pays, Pirate Sharky, Royal Coins 2: Hold and Win, and dozens of other worthwhile options.

BETER, an innovative provider of iGaming, sports betting, casino and esports solutions, has launched a new statistics widget as part of its existing iFrame solution. This new solution will help consumers get a better read of game and player performance metrics, and it focuses on esports in particular.

BETER Invests Heavily in Informing Esports Fans

As such, consumers will have the opportunity to get insights into hero picks, up-to-date statistics about a hero’s success rate in the current patch, pick and ban statistics, lineups, and overall boost consumer knowledge and understanding, helping individuals and esports aficionados make an informed decision.

iFrame was launched as a solution that brings esports fans the ultimate betting solution at the palm of their hand and is touted as BETER’s flagship product that outstrips all other similar products that seek to help esports fans get a quick read of the action in each game.

The iFrame and statistics widget presently cover Dota 2 and Counter-Strike: Global Offensive, two of the most bet-on esports events. The widget also features historic data for the past three months, and BETER is also collecting data on other esports games, which means that both the iFrame and the new widget will be able to offer even more compelling products in the future.

BETER is already confident that the iFrame statistics widget will make the betting experience for partner operators even more successful, as esports fans will surely appreciate the opportunity to be offered a product that empowers their betting experience from start to finish.

BETER adds that companies that use the iFrame solution can expect to attract 30% more esports fans. The iFrame solution was introduced with the idea to build upon a “Twitch-like” experience and cover a number of esports events, offering an elevated level of quality for fans. BETER’s iFrame solution also received a silver mark from the “industry Innovation of the Year” at the SBC Awards 2022.

Esports Companies All about Improving Betting Experience

BETER recently received a Malta Gaming Authority license, giving the company another boost, and helping it expand its reach and potential audiences. BETER continues to work with other prominent names in the industry, including Bayes Esports, which is also a data and odds esports betting company. Just today, PandaScore introduced its BetBuilder solution designed to empower esports bettors much in the same way that BETER does.