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Stake’s Danish Gamble: A Desperate Move or a Regulatory Loophole?

Stake acquires struggling MocinoPlay to enter Denmark. Is this a smart move or regulatory loophole?...

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Companies & People, Editor’s Choice 1

Corporate Landscape of Rabbit Entertainment and Max Gain Media

Discover Rabbit Entertainment & Max Gain Media’s corporate structure and regulatory compliance in iGaming.

Companies & People, iGaming News

Final Call for Casino Guru Awards 2025 Nominations

The clock is ticking for industry professionals, stakeholders, and organizations looking to secure their place among the best in the iGaming sector. Casino Guru has officially issued its final call...

Companies & People, iGaming News

February 17, 2025

TaDa Gaming to Exhibit at SBC Rio 2025

Award-winning gaming provider TaDa Gaming will be showcasing its latest offerings at the highly anticipated SBC Summit in Rio de Janeiro, Brazil, scheduled for February 25-27, 2025. The event, renowned...

Aoife Dillon Brings iGaming Expertise to The Unit

Companies & People, iGaming News

February 17, 2025

Aoife Dillon Brings iGaming Expertise to The Unit

In an exciting development within the iGaming sector, The Unit, a leading provider in product design and development for sports betting and iGaming, has announced the appointment of Aoife Dillon...

FAQs: What is Greentube Malta Limited? Greentube Malta Limited is a subsidiary of Novomatic, operating within the iGaming industry with a complex financial structure. Why is Greentube Malta transferring funds to Austria? The company transferred €83.2 million to its Austrian parent, potentially for tax and asset management strategies rather than pure tax efficiency. How does Malta’s Bill 55 impact Greentube Malta? Bill 55 protects Maltese gaming operators from foreign legal claims, potentially shielding Greentube Malta from regulatory risks abroad. What are the tax implications of Greentube Malta’s fund transfers? Despite Malta’s 5% effective tax rate, funds are moved to Austria, where Novomatic’s private foundations benefit from lower tax on retained earnings. Is Greentube Malta’s financial decline a concern? Yes, its operating profits dropped significantly in 2023, signaling potential restructuring or strategic shifts within Novomatic’s corporate structure. What role does GREENTUBE BETTING MALTA LTD play? This new entity, created in 2023, may serve as an alternative structure for Novomatic, possibly mitigating regulatory and financial risks. Why is Novomatic restructuring its gambling operations? Novomatic appears to be reorganizing to manage litigation risks, optimize tax efficiency, and ensure compliance with evolving regulations. How do intra-group transactions affect regulatory scrutiny? Large-scale financial movements between Greentube Malta and Austria may attract regulatory attention regarding their economic substance and purpose. What is Admiral Sport S.r.l.’s significance in this strategy? Novomatic’s acquisition of Admiral Sport S.r.l. and its shift to Malta aligns with Bill 55 protections, reducing exposure to Italian legal claims. Could regulatory changes impact Novomatic’s strategy? Yes, increased scrutiny from EU authorities or changes in Maltese and Austrian tax laws could challenge the sustainability of its financial approach.

Companies & People, Editor’s Choice 1

February 17, 2025

Greentube, Novomatic and Financial Maneuvering

Exploring Greentube Malta’s financial shifts, tax strategies, and legal risks in Novomatic’s corporate structure.

Aristocrat Interactive Welcomes Nir Hakarmeli

Companies & People, iGaming News

February 15, 2025

Aristocrat Interactive Welcomes Nir Hakarmeli

Aristocrat Interactive has taken a significant step in strengthening its global presence by appointing Nir Hakarmeli as the Managing Director of its iGaming and sports division. This strategic move reflects...

Bill 55 and stargames.de - Pursuing Claims against Greentube GmbH in Austria?

Companies & People, Editor’s Choice 1

February 15, 2025

Bill 55 and stargames.de – Pursuing Claims against Greentube GmbH in Austria?

Can players sue Greentube GmbH despite Malta’s Bill 55? Learn about legal strategies and corporate liability in Austria.

Groove Sets Future Trends in iGaming Technology

Companies & People, iGaming News

February 15, 2025

Groove Sets Future Trends in iGaming Technology

Groove, a trailblazing force in the world of iGaming, made a significant impact at ICE Barcelona 2025. The event marked a major milestone for the company as it celebrated ten...

Germany’s Online Gambling Crisis: How Maltese Companies Dominate German Players

Companies & People, Editor’s Choice 1

February 14, 2025

Germany’s Online Gambling Crisis: How Maltese Companies Dominate German Players

Malta controls 90% of Germany’s online casinos, leaving players unprotected. Can the GGL reclaim control?

Stake's Dirty Money and the Global Casino Takeover that No One is stopping

Companies & People, Editor’s Choice 1

February 14, 2025

Stake’s Dirty Money and the Global Casino Takeover that No One is stopping

How is Stake, a crypto casino, acquiring licensed gambling firms worldwide? Uncover the risks of its rapid expansion.

BMM Testlabs Expands Compliance Testing Services

Companies & People, iGaming News

February 13, 2025

BMM Testlabs Expands Compliance Testing Services

BMM Innovation Group ("BMM," "BIG Group," or "BIG"), a global technology leader in product compliance testing, training, and cybersecurity solutions for the gaming industry, has achieved an outstanding financial milestone...

Evolution AB: Legal Troubles and Financial Risk

Companies & People, Editor’s Choice 1

February 13, 2025

Evolution AB: Legal Troubles and Financial Risk

Evolution AB faces regulatory risks due to reliance on grey markets, with potential fines and financial losses in key regions.

Mindway AI Joins The European Lotteries as Member

Companies & People, iGaming News

February 12, 2025

Mindway AI Joins The European Lotteries as Member

Mindway AI, a pioneering provider of responsible gaming solutions, has taken a significant step forward in its mission to enhance player protection. The company proudly announces its provisional associate membership...

Stretch Network Enhances Spin & Go Poker Games

Companies & People, iGaming News

February 12, 2025

Stretch Network Enhances Spin & Go Poker Games

Stretch Network, a leading name in the gaming industry, is preparing to roll out significant updates to its Spin & Go tournaments. The changes aim to enhance player experience, foster...

Companies & People, Editor’s Choice 1

February 12, 2025

Rabbit Entertainment and its operations

Explore Rabbit Entertainment's journey in Germany's regulated gambling market and its legal challenges in Malta.

Altenar Introduces Bet Builder for Italian Market

Companies & People, iGaming News

February 11, 2025

Altenar Introduces Bet Builder for Italian Market

Sports betting has evolved rapidly over the past decade, driven by technological advancements and shifting consumer preferences. One of the most notable innovations in this space is the introduction of...

Companies & People, iGaming News

February 11, 2025

Evoplay Appoints Ihor Zarechnyi as COO

Evoplay, a renowned and award-winning game development company, has revealed that Ihor Zarechnyi has been elevated to the role of Chief Commercial Officer (CCO). This strategic move is a clear...