Shares in online casino World Gaming were suspended today as the fall-out from new anti-gambling legislation in the United States continued.
World Gaming said it asked for its shares to be suspended “with immediate effect due to a fundamental uncertainty over its ability to continue trading”.
It followed the shock approval of new laws effectively banning online gambling in the US which sent World Gaming shares tumbling 92% last week.
The decision by Congress to back the Unlawful Internet Gambling Enforcement Act deprived World Gaming of nearly all its revenues as more than 95% of its customers are based in the US.
Shares recovered slightly today but were suspended at 8.5p – valuing the firm at just £7.7m (€11.4m) million compared with the £56.6m (€83m) Sportingbet was planning to bid a week ago. Sportingbet pulled out of takeover talks following approval of the Bill.
There was a small rally in the online gaming sector today, despite confirmation that Party Poker owner PartyGaming will fall out of the FTSE 100 Index and 888 Holdings will be relegated from the FTSE 250 Index on Wednesday following last week’s last value.
Online casino provider, Blueprint Gaming, joined forces with the newest development studio, Lucksome, which will bring new and innovative content to the global gaming industry. The new studio will be led by a team that has almost 3 decades of game development experience in the online, land-based and social casino industry. The new company has a big goal to create innovative concepts and games that will engage players and increase retention.
BGaming released in the middle of December 2020, a video slot called Fruit Million, which drew a lot of attention from punters. In just 10 days after the slot was launched, the game was in the top eight of the 100M-GGR casino.
Betting Options and Features
The 5-reel, 4-row slot with 100 active paylines offers more than a standard classic slot. The maximum potential win is 3000x the bet, which is really good, especially since the RTP of 97.10% is also high and above the average.
ORYX Gaming has expanded its influence in the Dutch market ahead of the planned opening following a partnership with Dutch operator JVH Gaming & Entertainment Group. ORYX will provide its Hub gaming platform to its new partner and deliver access to a variety of aggregated content from RGS and third parties.