Wednesday, September 28, 2022

Keep in touch Skywind acquires Intouch Games for UK market

Skywind Group, the iGaming supplier, has purchased Intouch Games Group in a bid to “increase its B2C presence in Europe’s largest market.”

The market in question is that of the UK, where Skywind now has access to Intouch’s “unique games” and 500 employees based in the UK, Cyprus, Romania, Vietnam and Taiwan.

Intouch Games also owns eight casino brands, including mFortune, Jammy Monkey and Mr Spin.

The organisation was founded in 2001, whereas Skywind was created in 2012.

Skywind CEO Hilary Stewart-Jones boasts over 27 years of experience, possessing both retail and digital experience, while Skywind’s portfolio includes over 200 video slots, live casino games and more.

Unfortunately, one of Intouch Games’ most newsworthy items last year was a £3.4m ($4.2m) fine from the Gambling Commission in the UK market.

Skywind, however, has been signing a number of partnerships of late, including one with Salsa Technology around a month ago.

The provider has over 600 employees itself, meaning its takeover of Intouch will almost double its workforce. Skywind also has nine offices, 250 customers and 1,000 operators across 19 regulated markets.

This move continues the trend of iGaming consolidation, one only set to continue in this ever-merging sector.

Competition in the UK market, meanwhile, remains fierce, hence the purchase of an existing UK brand makes far more sense than creating a new one.

The UK market remains in limbo when it comes to pending new regulations, as the Government’s Gambling Act Review is still yet to be released.

The World Poker Tour (WPT) World Championship at Wynn Las Vegas will involve a $15m guaranteed prize pool, the largest single live tournament guarantee in the history of poker.

In early May, the Gambling Commission opened up this year’s application process for regulatory settlement funding, with stage one applications due by 1 July. Regulatory settlement funds are payments made voluntarily by…

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