Connect with us

Eastern Europe

Mail.Ru acquires largest Russian esports company in $100m deal

George Miller

Published

on

Mail.Ru acquires largest Russian esports company in $100m deal
Reading Time: 2 minutes

Esports “forecast by some to overtake the traditional sports market over the next decade,” says Mail.Ru CEO

Russian internet giant Mail.Ru has inked a deal worth more than $100 million for the complete acquisition of leading esports company, ESforce.

Mail.Ru will acquire 100% of ESforce in an all-cash transaction, plus a further payment at the end of 2018 based on key performance incentives, expected to be be around $20 million.

Commenting on the acquisition, Mail.Ru Group CEO Boris Dobrodeev said esports is “forecast by some to overtake the traditional sports market over the next decade.

According to recent estimates from Superdata, the global esports market is worth around $1.6 billion with around 300 million users.

ESforce is the largest esports firm in Russia and eastern Europe. The company owns two major competitive organisation – Virtus Pro and SK – and organises tournaments for the world’s best Dota 2 and Counter-Strike: Global Offensive teams.

Included in the varied portfolio of ESforce is the Moscow Yota Arena, one of the world’s largest esports tournament venues, and merchandising retailer Fragstore which is present in over 20 countries.

Investment in the business has grown steadily over recent years with around $60 million of funding to-date. In 2017, ESforce posted a negative earning before taxes, depreciation, and amortization of $15 million.

However, ESforce revenues for 2017 are estimated to be around $19m which equates to a growth 150% growth on the year prior.

Mail.Ru expect that with the prior investments into ESforce, the company will continue to scale and a revenue growth of between 80-100% is anticipated for 2018, with losses halving as the business moves into profitability at the end of the year.

ESforce is one of the global leaders and has built a dominant presence in all of the key verticals,” Dobrodeev added. “We are very pleased that the talented team who have been responsible for building this business will all be remaining with the business.

The very obvious strategic fit with Mail.Ru Group needs little explanation and we will be looking to leverage our unrivalled position inside of the social networks and gaming in order to drive ESforce to even greater success. We are very excited by this acquisition and believe it fits well with all of our key strategic priorities.”

 

Source: gamesindustry.biz

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Eastern Europe

Oryx Gaming and SoftSwiss secure Romania licences

George Miller

Published

on

Oryx Gaming and SoftSwiss secure Romania licences
Reading Time: 2 minutes

Oryx Gaming and SoftSwiss have been certified for the regulated igaming market in Romania, the companies have announced.

 

ORYX Gaming has secured all required Romanian certificates, licenses and approvals to offer its iGaming platform and content to Romanian operators.

The ORYX iGaming Platform is an omni-channel and cross-product platform that enables operators to manage their entire product suite using one shared account and one wallet for casino, lottery, sportsbook, bingo, poker and other operations. It features cutting edge player management, payments, finance and fraud management functionalities, automated campaign, promotion, bonus and wagering management functionalities, as well as sophisticated reporting BI, CRM, OTC, SSBT and cross-channel content management systems.

The obtained license will also allow ORYX to roll out its Aggregator content, including some of the well-established content providers, such as EGT, Amatic, ISoftBet and Kiron alongside with Gamomat, Kalamba, few other newcomers and other providers that add up to complete a portfolio of over 5,000 aggregated games.

The ORYX iGaming Platform is already fully compliant with major regulated gaming jurisdictions and has been certified for, licensed or approved in Malta, Schleswig Holstein/Germany, Croatia, Slovenia, Czech Republic, Paraguay, Colombia, Estonia, Serbia and Argentina.

Matevz Mazij, ORYX Gaming CEO said: “Regulated markets form a key part of our growth strategy and entering Romania is a fantastic opportunity for our business. We are hoping to receive a great deal of interest from operators active in the Romanian territory, who are looking to improve Omni-channel capabilities and offer an extended portfolio of iGaming content.”

 

After the successful re-branding of SoftSwiss games into BGAMING, as well as the expansion and diversification of the game development team, SoftSwiss is proud to share that it has entered the regulated market of Romania.

The SoftSwiss Game Aggregator, which connects game content from a vast portfolio of game providers, now holds a B2B Class 2 gaming licence. For gambling software developers, the Class 2 licence permits to offer services to online and land-based establishments licensed by the Romanian government.

In order to become certified, our game aggregator had to pass an extensive verification procedure with authorised testing bodies. Additionally, BGAMING as game supplier has undergone the rigorous and lengthy technical process in order to certify its games for Romania.

SoftSwiss previously collaborated with sports betting website Superbet by developing a medieval-themed video slot, Domnitors, uniquely for the Romanian market. With the new licence, the full range of BGAMING games have become available on Superbet.ro and for any other Class 1-licensed operators.

A one-off API integration with the SoftSwiss Game Aggregator can connect hundreds of games from recognised providers to other gaming platforms. Being fully compliant to offer its services for the 7th largest state in the EU, SoftSwiss is looking forward to establishing bold new partnerships in the region.

Continue Reading

Eastern Europe

Login Casino TV presents a unique project “Meeting with an expert”

Zoltan Tundik

Published

on

Reading Time: 1 minute

Login Casino TV launces a new project called “Meeting with an expert”. You are interested in the most hot-spot issues of the gambling industry? Do you want to get answers to the most provocative questions? Login Casino TV guests are ready to provide them. The participant of our first interview will be the Head of

The post Login Casino TV presents a unique project “Meeting with an expert” appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.

Source: Eastern European Gaming

Continue Reading

Eastern Europe

It is a prize bonanza at Montenegro’s Тriton Super High Roller Series

Niji Ng

Published

on

By

It is a prize bonanza at Montenegro’s Тriton Super High Roller Series
Reading Time: 3 minutes

Triton Super High Roller Series, which took place in Montenegro last week, with American professional poker player Jason Koonwinning the Short Deck Ante Only tournament, won by. Belarus’ Mikita Badziakouski triumphed in the $132K Main Event. Over the final two days of the series, the poker festival gave away around $20 million in prizes.

The most anticipated tournament of the Triton Super High Roller Series at Maestral Resort and Casino in Budva, Montenegro, was certainly the 3-day Main Event, which started Tuesday, May 15. Attracting a strong field of 63 entries, the HK$1,000,000 ($132,000) Buy-in event collected an HK$59,270,400 (approx. $7,550,129) prize pool, which was shared among the nine finalists. German player Steffen Sontheimer returned to the table as chip leader with nearly 4 million in chips, followed by Canada’s Peter Jetten and Mikita Badziakouski from Belarus, each with a stack of almost 2 million. Among the other players on the final table were defending champion Manig Loeser and Day 1 chip leader Wai Leong Chan.

It was Badziakouski who came out victorious after defeating French player Rui Cao in the heads-up and took the lion’s share of the prize pool. He took home HK$19,618,400 ($2,499,090), an impressive prize that pushed his live tournament winnings to over $9 million. For his second position, Cao claimed HK$13,217,000 ($1,683,648). The cash prizes for all who made it to the final table were actually quite attractive. The minimum prize that was awarded that day was nearly $250,000 – it was received by Dietrich Fast who busted in the ninth place.

Players who registered for the following event, however, boosted their bankrolls with even more exciting sums of money. On Thursday, the series held its last event, the Short Deck Ante Only which had an entry fee of HK$1 million, or $132,000. This did not stop a total of 103 entries to ante up and contribute to the incredible prize pool of $12,344,397. With the massive field and total prize pool, this tournament became the biggest Triton event ever, while many of the players that took part in it were notable high rollers from all around the world.

Among them were Main Event winner Badziakouski, who registered in the last minute, but did not survive to the final table, Peter Jetten who finished sixth ($641,918), Cao (5th, $802,430), and Winfred Yu (4th,$1,172,752). American legend Phil Ivey, who recently returned to the European live poker scene, was eliminated in the third place, but still managed to bank a nice cash prize of $2,308,434. His countryman Jason Koon saw tough competition in the heads-up action against Chinese player Xuan Tan. In the end, however, he overtook him and received the title, along with the first-place prize of HK$28,102,000, or the equivalent of $3,579,914. For his efforts, Tan took home $2,308,434.

The Richest Triton Super High Roller Festival in History

The popular Asian high roller series visited the beautiful town of Budva in Montenegro, which is situated on the picturesque coast of the Adriatic Sea. The venue hosting the festival was the Maestral Resort and Casino, a luxurious and modern hotel in the heart of the Mediterranean. As a true high-stakes poker festival, it drew some of the most notable names on the scene right now and offered colossal prize pools, although there were only four events scheduled from May 12 to May 18.

This year, the series introduced the so-called Short Deck Ante-Only Hold’em event, which quickly gains popularity among poker pros for its fast pace and thrilling gambling action. The first event of this kind opened the festival, creating a field of 61 players and a total prize pool of US$1,827,546. It was won by Phil Ivey who claimed the title and the first-place prize of $604,977. Richard Yong was the one who topped the second event of the series, the NLH 6-Max, which had a prize pool of $1,048,674. For his score, he received $388,030, the smallest first-place cash rewarded during the festival. Mikita Badziakouski took down the Main Event for almost $2.5, becoming the richest poker player in Belarus, while Jason Koon won the second Short Deck Ante-Only event, receiving more than $3.5.

The total amount of the prize pools during these several days of high-stakes poker at the Maestral Resort and Casino exceeded $22.7 million, making it one of the most intriguing live poker series of the year. The next stop of the current season of Triton Super High Roller Series will be Jeju in South Korea and players can expect the festival at the end of July.

Source: casinoreports.ca

Continue Reading
Advertisement
NSoft
Advertisement
BetConstruct

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Top read articles

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.