Contents
Full List Of Electraworks Limited Casinos and Bingo Sites
Let’s get the disclaimer out of the way: We are not the owners of the company Electraworks Limited and are in no way associated with them. We are merely here for information purposes. We receive financial compensation for each of the sites listed. Of all the names in online gaming, few have undergone as many ownership and re-brand changes as Electraworks Limited (Gibraltar). It almost seems you need a Forensic Accounting degree to keep track of them all. I certainly don’t have that level of expertise, so I cannot claim that this account is entirely comprehensive. It will, however, indicate the Electrawork’s origins and where it is now. You may see Electraworks Limited on your bank statement if you have ever played on one of their brands. A list of all their casinos and bingo sites is here:
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Claim Offer | Party Casino is an online casino operated by LC International Limited. It is part of the Entain Group, which also owns Electraworks Limited. Party Casino offers a range of online casino games, including slots and table games. The site is well designed and easy to navigate, making it a great...Read More T&C's:Welcome offer 50 Free Spins on Starburst on 1st deposit. New depositers only. UK residents only. Minimum deposit £10. Must be used within 7 days. 10x wagering requirement. Excludes deposits made by Skrill, Entropay and Neteller. Terms apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Gala Casino is part of the LC International Limited group, which is a subsidiary of Entain Limited. Founded in 2008, Gala Casino has since grown to become one of the largest and most successful online casinos in Europe. The casino offers hundreds of different games from leading software providers such...Read More T&C's:Welcome offer £40 Bonus and 50 Free Spins on Big Bass Bonanza on 1st deposit. 18+. New customers only. Spend £20, get £40 bonus (40x Wagering, selected games) + 50 Free Spins (value £0.10 each, selected games). Bonus & Free Spins valid for 7 days. Selected games for this Welcome Bonus include: Amazing Link Riches, Big Banker, Big Fishing Fortune, Bigger Bass Bonanza, Bonanza, Fishin Frenzy, Fishin Frenzy The Big Catch Jackpot King, Fishin Frenzy Jackpot King, Fishin Frenzy The Big Catch, King Kong Cashpots Jackpot King, Rainbow Riches, Sahara Riches: Cashes Collect, Starburst, and The Goonies Return Restrictions and T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Foxy Games was launched in 2020 by LC International Limited, part of the Entain Group alongside ElectraWorks Limited. It is a UK based online gaming site offering an array of casino and slots games. LC International Limited was founded in 1997, with a mission to become one of the leading...Read More T&C's:Welcome offer get £40 Slot Bonus and 40 Free Spins on Lock O’ The Irish when you spend £10. 18+. New customers only. Spend £10, get £40 Slots Bonus (40x Wagering, selected games) + 40 Free Spins (Value £0.10 each, selected games). Claim & use within 7 days. Restrictions and T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Gala Spins is an online casino and gaming service operated by LC International Limited, part of the global gaming company Entain Limited who also own Electraworks Limited. Gala Spins was launched in 2018 as a spin-off from one of the UK’s leading bingo brands, Gala Bingo, offering slot games and...Read More T&C's:Welcome offer get £20 Bonus and 30 Free Spins for Starburst when you spend £10. 18+. New customers only. Minimum deposit & spend £10 to get £20 bonus (40x wagering, selected games). 30 Free Spins (value £0.10 each, selected games). Selected games for this Welcome Bonus include: 9 Pots of Gold, Big Banker, Big Bass Bonanza, Big Fishing Fortune, Bigger Bass Bonanza, Cleopatra, Fishin’ Frenzy, Fishin’ Frenzy The Big Catch, Fishin’ Frenzy The Big Catch Jackpot King, Fluffy Favourites, King Kong Cashpots Jackpot King, Lucky Larry Lobstermania Slingo, Rainbow Cashpots, Rainbow Riches Pots of Gold, Sahara Riches: Cash Collect, Slingo Rainbow Riches, Slingo Reel King, Slingo XXXtreme, and The Goonies Return. Bonus & Free Spins valid for 7 days. Payment restrictions & T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Coral Casino is a leading online gaming site owned by LC International Limited who are part of Entain Limited as are Electraworks Limited. The website has an attractive user interface with easy navigation and the ability to quickly find games. The design of the site is sleek, modern and inviting,...Read More T&C's:New customer offer £50 Welcome Bonus when you play £10 on Slots. 18+. New Casino players only. Deposit req (certain types excluded). Bet £10+ on qualifying games to get a £50 Bonus (selected games, 40x wag req, accept within 14 days, valid for 30 days). T&Cs apply. |
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Claim Offer | Bwin Casino from Electraworks Limited has a simple and modern design. The layout is user-friendly, allowing players to easily find the games they are looking for. The website is easy to navigate with all necessary information easily accessible. The homepage features a range of casino games, slots, live dealer games...Read More T&C's:Welcome offer 100 Free Spins on Starburst. 18+ New depositors & UK residents only. Minimum deposit £10. 10x wagering on winnings. Spins valid on Starburst slot and valued at £0.10 each. Spins expire in 7 days. Excludes deposits made via Skrill, Entropay, Paysafecard and Neteller. Offer valid until 31.12.24 T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Foxy Bingo is an online bingo and gaming site operated by LC International Limited, part of the Entain Group, alongside ElectraWorks Limited. Foxy Bingo has been a leader in the online bingo market since it was founded in 2005 and offers a wide variety of bingo games including 90-ball, 80-ball,...Read More T&C's:Welcome offer, spend £10 get £40 bonus and 40 Free Spins. 18+. New customers only. Spend £10 to get £40 Bingo Bonus (4x wagering) + 40 Free Spins (value £0.10 each, selected games). Claim & use within 7 days. 40 Free Spins on Lock O’ The Irish’. Restrictions and T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Gala Bingo is one of the biggest online bingo and casino sites in the UK. It has been around for over 20 years and is part of Entain Limited, formerly known as GVC Holdings PLC. Founded in 2006, Entain is a global sports betting and gaming company that operates across...Read More T&C's:Welcome offer £60 of free Bingo when you spend £10. New online customers only. Minimum 1st deposit & spend £10 on Bingo tickets = £60 Bingo bonus. Wagering reqs apply: 4x bingo bonus. Bonus valid for 1 week after credit. T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Ladbrokes Bingo is an online bingo platform owned by LC International Limited and part of Entain Group. Entain Group also owns Electraworks Limited, which is the largest gaming operator in the UK. Ladbrokes Bingo has been around since 2003 and offers a large selection of bingo games, slots, scratchcards and...Read More T&C's:New customer offer get a £25 Welcome Bonus when you deposit and spend £5 on Bingo. 18+. New Bingo players only. Deposit required. Spend £5 or more on Bingo tickets to get a 25 Bingo bonus. 2x wagering requirements apply to bonus. Accept bonus within 14 days. Bonus valid for 30 days. Certain deposit types excluded. Player restrictions and T&Cs apply. Please Gamble Responsibly. www.gambleaware.org |
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Claim Offer | Electraworks Limited is an online gaming company based in Gibraltar. The company has been providing online gambling services since 1997 and is one of the largest and most respected providers of gaming software and services in the world. Casino Club and has been providing players with a wide selection of...Read More T&C's:Casino Club is not open to UK players. For other players in Europe, welcome offer 100% up to € 250 bonus. 18+. New players only. Minimum deposit €10. Wagering requirements 20x bonus + deposit within 30 days. All general terms and conditions apply. |
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Claim Offer | T&C's: Welcome offer 50 Free Spins on Book of Dead on 1st deposit. New players only. Minimum deposit £20. Wager from real balance first. 50x wagering the bonus. Contribution varies per game, selected games only. Wager calculated on bonus bets only. Bonus is valid for 30 Days from receipt and free spins for 7 days from issue. Maximum conversion 3x bonus amount or from free spins £20. Excluded Skrill & Neteller deposits. Withdrawal requests void all active pending bonuses. Full Terms apply. |
Electraworks Limited – A Brief History
It seems unlikely that ‘Electraworks’ ever existed as an independent organisation. It functioned more as a shell company, operating various gaming brands for its conglomerate owners. Its history is further complicated because its ownership also changed hands. Add to this that these owners have also changed names, and you have a tangled web of heritage more complex than a plate of spaghetti.
Electraworks Limited’s origin seems to have been as a holding company responsible for operating various brands owned by the top gaming company Bwin. Bwin is a major force in sports betting, with additional interests in other areas of online gaming, such as casinos and bingo.
Bwin was originally founded in Austria in 1997. It has grown rapidly since, both organically and by making several big-name acquisitions over the years. These included the major British gaming concern, PartyGaming. It relocated its administrative functions to the UK overseas territory of Gibraltar in 2001. Bwin was the subject of a takeover in 2016 when it was acquired by the massive gaming conglomerate GVC Holdings for the considerable sum of £1.1 billion.
So, where does Electraworks Ltd feature in all these corporate shenanigans? As far as can be ascertained, it seems likely that GVC set it up as a holding company within the conglomerate, created purely to operate many GVC subsidiaries, including Bwin.
Electraworks Limited became a recognised gaming industry brand when it was the chosen organisation tasked with running the old Cozy Games bingo sites, which its parent company, GVC, acquired in 2017. The Cozy Games brand then disappeared, with all their bingo sites subsequently operated by Electraworks Limited.
Its new owners then chose to follow a different strategy. Cozy Games old ‘white label’ model was already beginning to lose its lustre. Sites were often tired looking, and sometimes the ‘white label’ template used left different brands looking the same. Furthermore, changes to the UK Gambling Commission (UKGC) regulations meant that Cozy’s previous headline ‘free bonus’ offer was no longer viable. This meant many old Cozy Games titles were closed or re-branded to align more closely with GVC’s corporate image.
Today, the company is increasingly focusing on its big-name brands, such as Foxy, Gala and Ladbrokes, while phasing out its smaller sites. As a result, its Electraworks Limited brand is becoming less and less prevalent, and its name is likely to disappear as time progresses.
Finally, to complete the marketing confusion, GVC has itself subsequently re-branded, changing its name to Entain in December 2020.
LC International Limited
LC International Limited is a wholly-owned subsidiary of Entain Plc, one of the world’s leading gaming and betting companies. Established in 2001, LC International Limited is responsible for operating some of the most popular online gaming and betting sites in Europe, including Coral, Ladbrokes, Bwin and Party Casino. With offices in Gibraltar, LC International Limited provides customers with high-quality services across multiple jurisdictions.
LC International Limited was initially established as a joint venture between Bwin Interactive Entertainment AG and GVC Holdings plc (formerly known as Gaming VC Holdings SA). The two companies merged their respective operations to create an international gaming group that operated under bwin.party Digital Entertainment plc until 2015, when it was rebranded as Entain PLC.
In 2011, LC International Limited purchased Sportingbet plc – one of the world’s largest sports betting companies – from William Hill plc for approximately €470 million ($640 million). This acquisition provided Entain Plc with additional European markets and further helped consolidate its position as a leader in the industry.
Company Structure & Licenses
Entain Plc operates its business through three main divisions: Retail (which includes Ladbrokes Coral), Online (which includes Bwin and PartyPoker) and US (which includes both BetMGM and FanDuel). As part of its Online division, LC International Limited provides customers with access to numerous online gaming products, including poker, casino games and sports betting via its various subsidiaries such as PartyGaming Ltd., Gala Interactive Ltd., Usoftgaming N.V., Sportsbook AG Ltd., GVC Services Ltd., ElectraWorks Ltd., bwin Italia SRL and others.
To operate legally within jurisdictions where gambling is permitted, LC International has obtained several licenses from various countries and authorities, including the UK Gambling Commission (UKGC), the Italian Gaming Authority (AAMS) and the Spanish Directorate General for the Regulation of Gambling (DGOJ). It also holds licenses from other prominent regulatory bodies such as the Malta Gaming Authority (MGA), Alderney Gambling Control Commission (AGCC) and Kahnawake Gaming Commission (KGC). In addition to these licensing requirements, LC International also follows strict procedures to ensure compliance with applicable laws concerning data protection privacy regulations such as GDPR or CCPA.
Overall, LC International is committed to providing customers with a safe environment where they can enjoy their favourite games while knowing that they are being looked after by a trusted operator who takes compliance seriously across all jurisdictions they operate.
Entain
Entain is a massive UK-based sports betting and gaming conglomerate. It operates both online and in the real world. It is a worldwide operation, with more than 20,000 employees working remotely or out of one of the company’s twenty offices across five continents. Many of the company’s workforce is employed within the United Kingdom. Including both online and real-world operations, the company can accept bets in 33 alternative languages and accepts payments in more than 40 different currencies.
As a brand, the company is one of the newest names in the industry. It has only been known as Entain since December 2020, when the conglomerate changed its name from its more clunky-sounding predecessor, GVC Holdings. GVC was founded in Luxembourg in 2004, so it is a relatively youthful organisation. Originally called Gaming VC Holdings, its name was shortened in 2010. The company moved its official headquarters from Luxembourg to the UK-protected territory of the Isle of Man the same year.
As ever with marketing types, the millions spent on the Entain re-branding process had to be justified. The new name was devised because it better reflected the company’s “ambition to be the world leader in sports betting and gaming entertainment.”
It is already a world leader in the worldwide gaming industry. It is responsible for a comprehensive range of some of the biggest brands in sports betting and online gaming. So, although you may never have heard of Entain, you WILL have heard of many of its established brands.
As we have seen, Entain owns Bwin and Electraworks Limited. You may not be aware that it is also the organisation responsible for top High Street and online sports betting brands such as Coral, Ladbrokes, Eurobet and Sportingbet. Entain also owns various big-name online gaming brands, including Casino Club, Foxy Bingo, Gala, Party Casino and many more.
Many of its brands already operate worldwide, but the company is particularly keen on expanding its business in the United States. With the gradual liberalisation of gambling regulations stateside, Entain is expanding its operations there.
BetMGM is a particular focus of this strategy. This operation is a joint enterprise with the iconic MGM Resorts International brand in the US. With each company owning half shares, BetMGM provides online sports betting, casino and poker to Colorado, Indiana, Michigan, Mississippi, Nevada, New Jersey and West Virginia residents. As regulatory changes continue to be introduced across the country, more states are expected to be added to this list over the coming months and years.
Entain’s international operations are not purely focused on the US market. Other major overseas brands also use the company’s extensive business-to-business (B2B) services. These include Danske Spil (Denmark), Laimz (Baltic nations); PMU (France), and AGT (China). Further afield, the company is already expanding into South American regulated gaming markets, including Brazil and Colombia.
Entain Financial Results
Entain is not only a big name in the worldwide gaming industry they are also a massive company for the United Kingdom economy. They are a member of the FTSE 100, the roster of the hundred largest companies on the London Stock Exchange.
The most recent annual report available at the time of writing is for the year ending December 2020. This shows that the company posted total revenues of £2.7 billion, up nearly 30% on the previous year. This translated into an operating profit of £530 million, a marginal improvement over 2019’s performance. When writing, the company’s shares are priced at around £1500.
Its market position makes it one of the biggest players in the UK and European markets and demonstrates excellent worldwide growth. On the high street and in other real-world retail markets, Entain is number one by revenue in the UK, and in the top three in several other European countries. In the online world, the company is performing well, too, being the second biggest in the UK and Germany and very competitive in much of the European market. Further afield, it is number three in Australia, with rapid progress being made in several other countries worldwide.
In fact, despite its historical roots being firmly planted in its UK high street bookmaker business, today, more than 75% of its revenues are derived from its online businesses. This proportion is expected to increase soon, given its international strategy of focusing on its online sports betting and casino interests. Indeed, Chairman Barry Gibson emphasised this approach in his response to the company’s annual results, stating, “…Our new strategy and name defines a clear way forward for us in our ambition to be the world leader in sports betting and gaming entertainment.”
Takeover Bid
As ever in the gaming industry, acquisitions and takeover bids are endemic. In any case, a rapacious company like Entain can hardly complain about take-over approaches, given its history of constantly looking for rival and complementary companies to add to its portfolio of brands.
So it was perhaps inevitable that Entain itself should be the target of unwanted attention from a rival gaming industry giant. Hence, the re-opening of the financial markets after the festive break saw 2021 begin with a bid for the company of $11 billion ((around £8 billion) from its American business partner MGM Resorts. These overtures were immediately rejected by Entain’s UK board, with the then CEO Shay Segev remarking that the bid “significantly undervalues the company and its prospects”.
The American casino giants subsequently dropped their bid, but Segev resigned from his post due to the hostilities, but there were considerable corporate consequences for the company.
Board and Management
Entain CEO is Jette Nygaard-Andersen, a Danish gaming and entertainment industry executive. She was appointed after the takeover bid and the resignation of the previous post-holder, Segev. Some newspaper and industry reports repeated the company’s claims that the appointment meant Jette was the first woman to helm a significant UK-listed gambling company. Still, I’m not sure Bet365 founder Denise Coates would agree. Nevertheless, with more than twenty years of experience in the gaming and entertainment business background, Jette is expected to bring the expertise and knowledge necessary to steady the company’s ship after its recent re-branding and takeover turbulence.
Deputy CEO and Chief Financial Officer (CFO) is Rob Wood also promoted due to the takeover bid’s fallout. Rob has been CFO since March 2019 and had previously held that role for Entain subsidiary Ladbrokes.
The chairman is Barry Gibson. He is also an experienced gaming industry veteran, having been a Non-Executive Director with William Hill and Entain subsidiary Bwin.
Recent News
Major news in recent months has focused on the company’s re-brand and switch in strategy. Entain has declared that it is withdrawing entirely from its interests in unregulated markets, relying only on government-regulated markets from 2023. This is expected to cost the company around 4% of its revenues and cut operating profits by around £40 million for the 2021 financial year.
The company plans to make good this shortfall and expand its revenues by focusing on its sports betting and gaming interests. It intends to grow these markets and expand its existing customer base while forging new business in the international market, especially in the United States.
Meanwhile, March 2021 saw the influence of new CEO Jette Nygaard-Andersen coming to the fore. All new bosses like to make a strong impression, and Jette proudly announced that …” our median hourly [gender] pay gap is 7.1%, which, for another year, is lower than the [UK] national average of 15.5%.” According to the company, this makes Entain “the betting sector’s most inclusive employer”.
A variety of internal corporate initiatives and improved recruitment processes have been introduced to enhance the gender equality and pay parity policies of the company. Further progress is expected.
Conclusion on the Electraworks Limited company
With a new brand, fresh strategy and impressive, experienced leadership, the future of UK and international gaming industry giants Electraworks Ltd looks assured. 2020’s financial results were impressive, and the company is confident its recent growth history will continue.
This view seems to be shared by the financial markets. Analysts seem happy with recent events, including the successful defence of American MGM Resort’s acquisition bid. The share price has held up well after the takeover uncertainty.
Electraworks Limited may be a fading brand, but its legacy lives on as its owner grows from strength to strength. Entain continues to impress as it attempts to fulfil its ambition to be a leading force in the international gaming industry.