End 2 End, a leading multiplayer bingo provider, has obtained a license from the Malta Gaming Authority (MGA) to offer its platform to MGA-licensed operators. This achievement complements the company’s existing licenses in Great Britain, the Netherlands, Portugal, Denmark, and Colombia. With a wide range of bingo variants and comprehensive promotional features, End 2 End aims to provide an integrated solution across multiple channels. Alejandro Revich, CEO and Founder of End 2 End, expressed his pride in receiving the MGA license and the company’s positive outlook for 2023.
End 2 End’s Versatile Bingo Solutions:
End 2 End stands out as a reliable provider, offering both 90 and 75 bingo variants to its licensed clients. The company’s bingo solutions are designed to support various features and promotions, enabling operators to create engaging and interactive gaming experiences for their players. With End 2 End’s platform, operators can seamlessly integrate these solutions across multiple channels, ensuring a consistent user experience for their players.
NeoGames’ Impressive Revenue Growth:
In the recent Q3 report released by NeoGames, the company showcased exceptional revenue growth, recording a staggering 418% rise compared to the previous year. The revenue for Q3 2022 reached $62.2 million, significantly surpassing the $12 million reported in the same period last year. NeoGames also witnessed an increase in its NPI revenue, rising from $8.3 million to $11.1 million year-on-year. Additionally, the company’s adjusted EBITDA of $17.6 million marked a remarkable 135% increase compared to the previous year’s $7.5 million. NeoGames has maintained its rapid growth trajectory throughout 2022, reporting a total revenue of $96.4 million, representing a substantial $58.2 million increase from the same period in 2021.
Aspire Global’s AML Fine:
However, not all gambling companies have experienced smooth sailing. Aspire Global, a prominent player in the industry, recently faced regulatory action from the Gambling Commission (GC) due to anti-money laundering (AML) failures related to its white-label operations. The GC imposed a fine of £237,600 ($285,107) on Aspire Global after determining its non-compliance with AML regulations. This incident serves as a reminder of the importance of stringent AML measures within the gambling industry and highlights the consequences for companies that fall short in meeting regulatory requirements.
End 2 End’s acquisition of the MGA license marks a significant milestone for the company, allowing it to expand its bingo platform to MGA-licensed operators. With a diverse range of bingo variants and comprehensive promotional features, End 2 End aims to provide an integrated and engaging gaming experience across multiple channels. Furthermore, NeoGames’ remarkable revenue growth demonstrates the company’s strong performance and its ability to capitalize on market opportunities. However, Aspire Global’s recent AML fine emphasizes the importance of regulatory compliance within the industry and the need for robust measures to combat money laundering. As the gambling industry continues to evolve, it remains crucial for operators and providers to prioritize transparency, responsible gaming practices, and regulatory adherence to maintain trust and sustainable growth.