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River UK Casino buy stake from Gaming Realms

Niji Narayan

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River UK Casino buy stake from Gaming Realms
Photo Credits: Pixabay
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Gaming Realms has decided a deal to sell 70% stake in most of its UK online casino B2C business to River UK Casino Limited.

River UK Casino, a subsidiary of River iGaming, will buy the stake for a total cash consideration of up to £23.1m (€26.2m/$30.1m).

The purchase of Pocket Fruity, Spin Genie, Britain’s Got Talent Games, X Factor Games and associated business comes under this agreement.

Gaming Realms will retain a 30% minority stake in the business, as well as the Slingo.com and Slingo brands.

Up to 30 June 2020, the current management team of the business will continue to run River UK Casino.

Patrick Southon, chief executive of Gaming Realms, said: “We believe that this sale will be transformational for Gaming Realms as it will enable us to focus more of our resources on international licensing and the development of new gaming content, placing us in a stronger position to drive further profitable growth in the future.”

A minimum payment of £8.4m will be made on completion of the deal, with a further £4.2m payable concurrently with the earnout payment.

An additional maximum cash payment of £14.7m on an earn-out basis will also be payable not later than August 31, 2019.

Gaming Realms said it will use £4.2m of sale proceeds for ongoing development of new gaming content and platform enhancements.

 

Source: iGamingBusiness

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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High 5 Games joins forces with White Hat Gaming

George Miller

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High 5 Games joins forces with White Hat Gaming
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Platform integration extends slot supplier’s global reach

 

Leading independent casino games provider High 5 Games (H5G) has announced a deal to integrate its slots portfolio with platform provider White Hat Gaming.

The agreement boosts the reach of the New York-based developer’s games, with White Hat Gaming’s growing roster of clients now having access to H5G’s top-performing releases, including Way Out Wilds, Midnight Eclipse, The Green Machine Deluxe and Silver Enchantress.

Partnering with White Hat Gaming marks another important platform integration for the slot supplier, which is aiming to enhance its international presence in new and emerging territories.

Anthony Singer, CEO and Founder of High 5 Games, said: “We are delighted to be launching our games on White Hat Gaming’s proprietary platform, which opens the door for a host of new players to access and enjoy our popular titles.

“Partnering with a well-respected brand such as White Hat Gaming is a great opportunity for us and we look forward to growing the relationship together.”

Phil Gelvan, CEO of White Hat Gaming, said: “High 5 Games has built an excellent reputation for providing popular and engaging games.

“The content will allow us to bring yet more innovative gaming experiences to our operator partners and their players, and we very much look forward to rolling out their slots.”

 

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Industry News

Parimatch Goes Live With Pragmatic Play’s Live Casino Offering

George Miller

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Parimatch Goes Live With Pragmatic Play’s Live Casino Offering
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Pragmatic Play, one of the leading software providers for video slots, live casino and bingo, has taken its pioneering live casino portfolio live with Parimatch.

Parimatch customers will now have access to an innovative selection of live casino products on the market, with games including Live Blackjack and Live Roulette delivered from Pragmatic Play’s state-of-the-art studio using 4k camera technology.

Hosted by highly trained dealers, Pragmatic Play’s live casino offering provides the most immersive, mobile-first gaming experience, featuring low game latency, fast and easy placing bets, detailed game statistics, complete bet history, guiding sounds effects and animations.

Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: “We are proud to be accelerating the growth of our live casino product with Parimatch.

“They are an operator who mirror our passion for delivering top quality gaming experiences, and it is fantastic to be working with them.”

Eugene Saveliev, Head of Gambling Products at Parimatch, said: “Live casino is a hugely important vertical in the modern iGaming marketplace, and Pragmatic Play’s slick, advanced offering has the potential to significantly enhance our rates of acquisition and retention.

“We are delighted to have rolled out their content and will continue to build on this promising partnership.”

The provider’s entire portfolio of video slots, bingo, scratchcards and live casino games is available to its operator partners via a single API.

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Bojoko heads to Canada…

George Miller

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Bojoko heads to Canada
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The hugely popular online casino comparison site launches in Canada with a completely localised offering

 

Bojoko, the hugely popular online casino comparison site, has launched in Canada for the very first time after enjoying massive success in the UK market.

Bojoko is the Airbnb of the online casino world and allows operators and game developers to upload their own listings which players then rate and review.

Good Game Limited, the company behind Bojoko, has been preparing to launch in Canada for more than two years and enters the market with a completely localised offering.

This includes partnering with licensed online casinos that offer dedicated promotions and bonuses to Canadian players and that offer localised payment options.

All content on the Bojoko website has also been re-written in Canadian English, and all currencies are in Canadian dollars, too.

Bojoko is now calling on online casino operators that accept players from Canada to post their listings and allow players to start rating and reviewing their sites.

Players that sign up to Bojoko can take advantage of exclusive offers and promotions, be notified of any news and updates and “follow” their favourite casinos and game developers.

Joonas Karhu, Chief Business Officer at Bojoko, said: “Bojoko is just what online casino players in Canada need. It is a place where they can find reputable brands and discover the best bonuses and promotions available to them.

“Bojoko has proved to be very successful in the UK by allowing operators to upload their own profiles which are then rated and reviewed by players. We believe this formula will be just as popular in Canada and look forward to welcoming Canadian players to our growing community.”

Bojoko’s Canada launch kick-starts the brand’s expansion into international markets, with plans to go live in additional online casino jurisdictions later this year.

 

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