Gambling News 22nd August, 2016

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TAIN AWARDED ROMANIAN CLASS 2 LICENCE

22nd August, 2016 at 15:11:38
Steps into Eastern European market for the first time.

Software provider Tain is the latest to receive a Class 2 licence from the Romanian National Gambling Office (ONJN), its first in the Eastern European region.

Full Story: Tain Awarded Romanian Class 2 Licence »

GAME LOUNGE ACQUIRE INTERCLICK

22nd August, 2016 at 15:11:38
Expands into German and UK markets.

Cherry's recent completion of its payment obligations regarding Game Lounge brings further expansion in Germany and the UK through its acquisition of Interclick Limited.

Full Story: Game Lounge Acquire Interclick »

NEKTAN SELLS OFF THREE BRAND ASSETS

22nd August, 2016 at 15:11:38
But will continue operating brands as white labels for a further five years.

Mobile gaming provider Nektan has partnered Buckingham HMB Ltd for the sale of three of its gaming brands for an initial GBP 1.75 million linked to a simultaneous white label licensing agreement that will see it continue to operate the brands for a five-year term on its Evolve platform for a monthly royalty.

Full Story: Nektan Sells Off Three Brand Assets »

PAGCOR REPLACES SENIOR MANAGEMENT TEAM (Update)

22nd August, 2016 at 15:11:38
In Gaming Licensing and Development Department

The Philippine Amusement and Gaming Corporation (PAGCOR) has replaced the senior management group of its Gaming Licensing and Development Department (GLDD) effective August 17, 2016 according to a notification to all licensees late last week.

Full Story: Pagcor Replaces Senior Management Team (update) »

INTRINSIC EQUITY INVEST IN STORM GAMING

22nd August, 2016 at 15:11:38
Board representation as company looks to execute ambitious strategic plan.

Orbis Partners i nvestment vehicle Intrinsic Equity has invested an undisclosed sum in omni-channel game and platform developer Storm Gaming Technology (SGT).

Full Story: Intrinsic Equity Invest In Storm Gaming »