BBC NEWS Sportingbet has reported quarterly losses of £241.4m ($470.6m), after selling its US business for £1.
The online gambling firm took a charge of £252m on exiting the US in October, shortly before new laws outlawing internet gaming came into force there.
But it saw gross profit from its other gambling operations rise 48% to £31.7m, in the three months to 31 October.
Sportingbet slammed the UK government for its “lack of support” for the online gaming industry.
It accused Britain of doing little to support the industry ahead of the US legislation, and said it had made “little real progress” in defining a “regulatory and fiscal framework” that would encourage online gaming firms to base themselves in the UK.
Sportingbet said it was looking forward to a “harmonisation” of gaming rules across the European Union.
The exceptional charge taken by Sportingbet included a £132.7m write-down of investments, a £106.3m “loss on disposal of investment” and a restructuring charge of £13.4m.
It said the sale of its US operation had enabled it to transfer over 450 employees, without incurring severance and closure costs.
Blueprint Gaming brings a sequel to its 2018 release called Goonies Return. This game provides a similar playstyle, improved design, and several exciting features that are built on the original idea and allow fans of slot machines to enjoy this title again. This title will be a trademark based on an 80s movie, directed by Spielberg.
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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.