Aspire Global, a leading international online gaming company, has announced that it has signed a deal in terms of which it will acquire.
Sportsbook Technology Provider BtoBet for an initial payment of €20m (£18.3m / $23/6m), enabling the supplier to expand its business into the Sports Betting vertical.
The deal signed by the parties consists of a payment of €15m in cash at the closing of the deal with a further payment of €5m twelve months after the deal closes.
It is anticipated that the deal will be completed in the fourth quarter of this year, and have a favorable effect on Aspire Global’s EBITDA in 2021.
Aspire Global has revealed that the acquisition forms an important part of its global growth strategy, and a big step in creating an offering that covers the main elements of the B2B iGaming value chain complementing last year’s acquisition aggregator and games studio Pariplay.
Alessandro Fried, Founder and Shareholder of BtoBet, commented that he is truly enthusiastic by the opportunities they see by becoming part of Aspire Global, the powerhouse for iGaming operators.
Fried added that with their joined forces they will take this new global iGaming offering in every corner of the earth.
Tsachi Maimon, Chief Executive Officer of Aspire Global, said that Aspire Global now enters the sports betting arena with storm strength.
Maimon went on to say that with the acquisition of BtoBet they have become a true global B2B company which owns and provides an iGaming platform, sports betting, casino games and games aggregator as well as managed services for all continents and markets.
A new progressive jackpot game titled ‘Sisters of Oz WowPot’ has been released from Microgaming and Triple Edge Studios.
The new medium variance, 5 reel, 3 rows and 20 pay line ‘Sisters of Oz WowPot’ slot game is playable from 20p up to £300 per spin on desktop, mobile or tablet devices and has an RTP of 92% with a max win potential of 720 x a player’s total stake.
The game comes with symbols on the reels that include 5 lower value potion bottle symbols, 4 witch sisters with a selection of hair colors and the Book of Oz.
The most lucrative symbol is the pink-haired sister that awards a payment equal to 0.5, 1 or 18 x a player’s total stake for landing 3, 4 or 5 on a pay line. All 4 sister symbols can appear as Jumbo blocks.
The gold Book of Oz symbol is a Wild that substitutes for all the standard symbols when making up part of a winning combination and is also a Scatter which can trigger the Bonus round.
The slot game boasts a number of bonus features which include Jumbo Symbols Blocks, Free Spins with Multipliers and the potential riches on offer from the Progressive Jackpots.
The Synchronized Reels feature is a 3×4 block which is the equivalent of 12 standard symbols.
The Free Spins feature is triggered by landing 3, 4 or 5 Book of Oz symbols on the same spin.
The Progressive Jackpot symbol is the Gold Oz symbol. Players will win 1 of 4 potential jackpot prizes by collecting Oz symbols and spinning the Progressive Wheel in the WowPot Jackpot feature.
Microgaming put lots of effort into the design of the game, which is first class.
NetEnt, a leading online casino content developer, has announced that it has boosted its growth across regulated US jurisdictions by linking-up with iGaming and Sports Betting operator BetMGM.
Recently the MGM Resorts International and GVC Holdings’ joint venture introduced iGaming to its continuing partnership with The Greenbrier in West Virginia, following the opening up of the Mountain State’s virtual doors to online casino on 15th July 2020.
Matthew Sunderland, the Vice President of Gaming at BetMGM commented that they have already seen great success with NetEnt content in New Jersey. He added that their team really understands what appeals to gaming customers and he is positive that this will serve as a major advantage as they strengthen their existing casino offering in West Virginia.
NetEnt recently received a temporary license from the Regulatory Authorities within the Mountain State.
The agreement signed between the parties follows an impressive period of growth for NetEnt in the US, after the developer recently reported triple-digit increases in quarterly gross gaming revenue in both Pennsylvania and New Jersey.
Brian Kraft, NetEnt Vice President Commercial of America, said that BetMGM’s rapid success in the US has been impressive and shows no signs of slowing down, making this a significant deal for their company as they continue to expand across the country.
BetMGM Casino initially launched with 30 games that ranged from blackjack and roulette to a number of slot games, as well as what is known as ‘West Virginia’s only online progressive jackpot-linked games’.
Gaming Innovation Group Inc (GiG) recently signed a long term agreement with Casino Win, one of Hungary’s premier land-based casino operators, to provide its platform, front-end development and managed services to launch their digital operation in the regulated market in Hungary. The contract is for an initial three-year period.
Casino Win has been operating in the Hungarian gambling market since 2016 and has always made it their priority for their players to receive the best possible levels of service combined with the latest gambling equipment and technology in order to provide the highest possible gaming experience. Casino Win will now complement their flourishing land-based operations by taking their endeavors to the next level and entering the online space.
Only land-based operators who have physical locations within Hungary are permitted to obtain online licenses within the country. There are currently only four operations in Hungary, two of which are already online with Casino Win becoming the third in the first half of next year. Casino Wins operates three casinos in premier locations across Hungary and offers players a comprehensive range of slots games as well as blackjack, roulette and poker.
Zsolt Kruppa, Managing Director of Casino Wins, commented that Gaming Innovation Group is known in the igaming industry as a reliable and trustful company with a history of success working with land-based operators like themselves.
Kruppa also said that they are pleased to have them supporting their digital transformation and online player acquisition strategy as they expand into the regulated Hungarian online market.
Richard Brown, Chief Executive Officer of GiG said that they are very pleased to move into the regulated Hungarian market supporting Casino Wins expansion into online.
Oddset, a Danske Spil-owned sportsbook, is pleased to announce that it has become a new sponsor for Randers FC, a Danish team in the nation’s premier football league, the Superliga, running until the summer of 2023.
In terms of the sponsorship, Oddset’s branding will be displayed at the Randers FC Stadium, Cepheus Park, from 20th September 2020.
Morten Horby Anderson, the Sales Manager at Randers FC, commented that they are incredibly happy to have Oddset back in the fold as a partner and look forward to resuming the close relationship and the good collaboration – a collaboration that benefits both Oddset, Randers FC and the club’s fans.
Niels Erik Folmann, the Director of Danske Licens Spil, added that at Danske Spil, they have an ambition to get closer to the many fans in the Super League who like them, love the sport and the excitement of football. He added that they are, therefore pleased that Oddset in the coming seasons will present at Randers FC’s home ground, where fans will meet Denmark’s best sports games.
Oddset currently holds sponsorship deals with several Danish teams, including Brondby IF, Aarhus Gymnastikforening (AGF), OB and FC Midtjylland.
A change in marketing regulations recently saw football clubs forbidden to display the logos of gambling companies together with that of any company offering lending or credit services. This caused difficulties around sponsorships for a number of teams.
The nation’s ombudsman defended the legislation commenting that the display of gambling and bank-related logos within any vicinity would be classed as a breach of the law.