Empire Online has had a torrid time along with the rest of the online-gaming sector following the passing of legislation in America that has in effect banned internet gambling.
Last year’s reversal triggered the departure of non-executive chairman Leonard Steinberg, and halted the group’s US business, which it said will have a “material” impact on future earnings.
Its shares have fallen 35 per cent since the US decision and 75 per cent on Empire’s flotation price 19 months ago. Last week, it baled out of the sector by selling its gaming assets to Party Gaming for 83.3m ordinary shares, worth $37.96m (£20m).
The group intends to become an investment company after the disposal is completed, subject to shareholder approval. Chief executive Noam Lanir, through his company Groverton Management, has shown his confidence in the move by snapping up 5.5m shares for £2.34m. The transaction increases Lanir’s stake to 101.1m, or 34.5 per cent, of the issued share capital.
Yggdrasil intends to significantly expand access to its gaming library through a collaboration with well-known online casino and sports betting provider, Betway. According to the agreement, the supplier will provide its portfolio to the operator across various regulated markets, including the United Kingdom, Germany, which recently opened the market to licensed online casinos.
As dynamic as it is, the online gambling industry is constantly undergoing various modifications and transformations. By exploring the possibilities of game development, bringing more efficiency and safety to money transactions, suppliers push the limits and level up player experience continuously.
Over the course of the past decades, we have witnessed multiple groundbreaking chances, but surprisingly, there’s always room for more.
Original BetSoft slot, Safari Sam, was released in 2012. Safari Sam 2 follows the original version in 2021, and the adventure starts in the African savannah with the most famous hunter. However, a few changes have been made and now the Wild Girl has joined Sam in his quest for the mainland's wildlife. The original game's graphics are still nice and can compete with many other titles, but this sequel goes even further.