Gigi Levy Leaves 888 Holdings
Gigi Levy has announced that he is finally leaving 888 Holdings after serving as its Chief Executive Officer for a period of four years followed by a year as a member of its Board of Directors.
After announcing that he would be stepping down as Chief Executive Officer in order to pursue other interests in April, 2011, Levy undertook to remain on as a member of the group’s Board of Directors for another year.
888 Holdings has shown a 25% year on year increase in total revenues for the first quarter of the year according to its latest trading update which is significantly better than the past few years. The group’s total revenues were listed at $94 million with the number of action casino and poker customers growing by 87% to 566,000.
Brian Mattingley has taken over as Chief Executive Officer of 888 Holdings and commenting on the group’s latest trading report he said that their focused strategy has resulted in another excellent quarter with continued strength in Poker driving March to the highest ever monthly revenues in 888 Holdings’ history. Mattingley added that poker has continued to perform well at the beginning of the second quarter of 2012.
888 Holdings were advised last week that they were one of a number of online gambling groups to be granted a license to operate in the newly regulated Spanish market. This follows the group’s payment of EURO 8.7 million to the Spanish government in back taxes.
Mattingley revealed that the Spanish market accounted for 5% of their revenue in 2011.
International Games Technology wins Loto-Quebec Online Games Deal
International Games Technology (IGT) is thrilled to announce that it has won a contract in terms of which it will supply Loto-Quebec’s online gaming site Espace.Jeux.com with interactive games.
IGT is a land casino equipment supplier based in the United States that develops online gaming content via its WagerWorks division.
EspaceJeux.com will be supplied with online casino games by International Gaming in three phases.
The first phase will see IGT providing four classic games to Loto-Quebe that will be going live before the end of this year. These games, namely Wheel of Fortune – Hollywood Edition, Cleopatra, Cluedo and Monopoly with Pass Go Bonus, have proved to be very popular at WagerWorks online casinos. The games will be hosted on the Loto-Quebec servers in Montreal.
Wheel of Fortune – Hollywood Edition is based on a hit television program and is one of the most popular online slot games played in many countries around the world.
Cleopatra is a 20 pay line online slot game that features the Cleopatra wild card symbol and the Sphinx Scatter Symbol.
Cluedo and Monopoly with Pass Go Bonus are two branded slot games that are based on the Hasbro board games.
In the second phase of the deal EspaceJeux.com will integrate the International Game Technology remote game server allowing for a further 16 popular WagerWorks titles which will be offered by EspaceJeux.com in the localized Canadian French. These games include Siberian Storm, Fire Opals and Da Vinci Diamonds.
The final stage of the deal will see over 30 online casino games being made available through the Remote Game Server which will include a number of IGT video poker titles. All the games supplied by IGT will be available in English as well as Canadian French.
