Bit8
| Bit8 Bit8's logo since 2014[update] | |
| Private company | |
| ISIN | 🆔 |
| Industry | |
| Founded 📆 | Malta (July 27, 2010) |
| Founders 👔 | |
| Headquarters 🏙️ | Quantum Place, , |
Area served 🗺️ | Worldwide |
Key people | |
| Brands | bit8.com |
| Members | |
Number of employees | 120 |
| Parent | Intralot (2017–present) |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Bit8 is a Maltese company that offers an artificial intelligence software platform for a number of online gambling products, such as casino, poker, sports betting and lottery to various operators worldwide. As of 19 October 2017, Bit8 operates as a subsidiary of Intralot.[2][3][4]
History[edit]
Bit8 was founded in July 2010 by Angelo Dalli[5], Keith Galea and Brian Fenech and provides platform solutions to the online gaming and online gambling market.
Bit8 was one of the first companies that applied artificial intelligence in the online gambling industry[6], with the most notable work being on algorithms that estimate and maximise player lifetime value and personalised bonusing systems.[7] These techniques have since been widely adopted by the online gambling industry[8] and earned it various innovation awards, including EGR's Rising Star award in 2014 [9][10], the Malta Communication Authority eBusiness Award for the Best B2B application in 2015[11], and the Malta iGaming Award for Excellence in 2017[12]. Bit8 has also represented Malta as a national winner of the European Business Awards in 2015.[13][14]
Intralot Acquisition[edit]
Bit8 entered into a long-term strategic alliance with Intralot in 2014 to provide Intralot’s global customer base with Customer Relationship Management (CRM) and Player Account Management (PAM) services and gaming platform solutions. [15] Intralot subsequently announced that it will buy a 35% stake in Bit8 during ICE Totally Gaming in London.[16]
Commenting on the strategic alliance, Malta's prime minister Joseph Muscat said that: "The strategic alliance of Intralot and Bit8 set the example for other sectors of the Maltese economy. We are very satisfied to see innovative Maltese companies with clear vision becoming an international leader in its field and attract global investors. Both investors and consumers need a regulated environment and Malta is making great strides towards this direction.” [17]
Bit8 and Intralot collaborated on a number of international projects, focusing on national lotteries, in Europe, Australia and South America using the PULSE product brand[18]. In 2017, Intralot completed the full acquisition of Bit8 and subsequently made changes to the management team while keeping it is a separate independent entity. A new CEO, Vassilis Trochalidis, was appointed in December 2017, with Angelo Dalli staying on as a board member. [19]
References[edit]
- ↑ "Contact Us - Bit8". Bit8.com. Retrieved 4 June 2018.
- ↑ "Bit8 Ltd Profile". Clarion. Retrieved 4 June 2018.
- ↑ "Company Overview of Bit8 Ltd". Bloomberg L.P. Retrieved 4 June 2018.
- ↑ "About Us". Bit8. Retrieved 4 June 2018.
- ↑ "MSV Life Top Entrepreneur of the Year Awards 2014". The Malta Independent. Retrieved 21 May 2014.
- ↑ "Innovation in iGaming Profiles: Bit8". Calvin Ayre. Retrieved 29 August 2014.
- ↑ "Cover Story: Angelo Dalli" (PDF). SIGMA. Retrieved 1 April 2016.
- ↑ "MCA Feature on Bit8 Platform". Malta Communications Authority. Retrieved 21 March 2016.
- ↑ "Gaming Software's Rising Star". Malta Today. Retrieved 3 December 2014.
- ↑ "Two Maltese firms achieve global recognition for remote gaming technology and expertise". The Malta Independent. Retrieved 23 June 2014.
- ↑ "eBusiness Awards 2015 Winners". Malta Communications Authority. Retrieved 1 July 2016.
- ↑ "Gaming Malta 2017 Edition" (PDF). Country Profiler. Retrieved 1 February 2017.
- ↑ "Winners of the 2014/2015 European Business Awards Programme crowned at Gala Event in London". Ministry for Foreign Affairs (Malta). Retrieved 29 May 2015.
- ↑ "13 best businesses in Europe named out of 24,000". Malta Business Weekly. Retrieved 4 June 2015.
- ↑ "Intralot acquires minority stake in Bit8". EGR. Retrieved 4 February 2015.
- ↑ "Intralot buys 35 pct stake in Bit8". Reuters. Retrieved 30 July 2015.
- ↑ "Intralot & Bit8 in strategic alliance". Times of Malta. Retrieved 28 November 2015.
- ↑ "Working smarter". Times of Malta. Retrieved 1 July 2016.
- ↑ "Intralot & Bit8 in strategic alliance". Intralot. Retrieved 19 October 2017.
External links[edit]
- Bit8 Corporate information
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