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Bridgepoint makes $1 Billion offer to take over Cherry

Niji Narayan

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Bridgepoint offers $1 billion to Sweden's Cherry as Takeover Offer
Image Source: gawker.com
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Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) for Swedish gaming company Cherry AB.

An independent committee set up to examine the bid recommended shareholders accept the offer of 87 crowns per share. Cherry Chairman Morten Klein is part of the bidding consortium, hence the role of the committee.

The company mainly deals with Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino.

“We also believe that many of the opportunities and challenges facing Cherry and its subsidiaries are easier to approach in a private setting and with a more favorable capital structure,” said Bridgepoint partner Mika Herold.

The bid committee also pointed to increased discussion in media about potential consolidation of online gambling companies. Bridgepoint’s offer comes nearly two months after William Hill’s offer for Sweden’s Mr Green & Co.

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Inspired Offers V-Play Basketball on Bet365.com

Niji Narayan

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Inspired Offers V-Play Basketball on Bet365.com
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Virtual Sports provider Inspired Entertainment has launched its new V-Play Basketball on bet365.com. V-Play Basketball was initially launched in 2019 and has become one of the best performing online Virtual Sports.

“bet365 is a long-time customer and we’ve enjoyed many highly successful product launches with them over the years. The launch of V-Play Basketball follows a string of popular games that have gone live with bet365.com since the new year, including Virtual Football, Cricket and Virtual Grand National,” Steven Rogers, Chief Commercial Officer of Inspired, said.

“We haven’t seen any Virtual Sports quite like V-Play Basketball and V-Play NFLA Legends Football. They are great products, both visually and in the betting opportunities they offer the players. We are very excited to be launching these products and we have no doubt they will be successful additions to our current Virtual Sports offerings. Inspired has impressed us with their innovation once again,” bet365 said.

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1X2 Network Extends Contract with Digitain

Niji Narayan

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1x2 Network Extends Contract with Digitain
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Gaming content developer 1X2 Network has extended its partnership with platform provider Digitain. As per the deal, Digitain will gain access to additional third-party game studios via 1X2 Network’s 3PI aggregation platform.

The 3PI game aggregation platform provides online gambling operators with seamless access to innovative and exciting developers whose titles can help them stand out from their rivals.

“We are delighted to have extended our already successful partnership with Digitain and to provide them with access to hundreds more titles with the click of a button. 3PI provides variety and quality whilst maintaining 1X2’s rich tradition of fantastic service and account management, and with the ability to add the likes Leap Gaming virtual sports games at this time really can be of benefit to Digitains customers while there is a lack of sports on offer,” Kevin Reid, CCO of 1X2 Network, said.

“1X2 Network’s proprietary games have become an integral offering for our global operator partners and their players, so it made perfect sense for us to build on this partnership and take additional third-party titles via 3PI. Being able to offer an even more broad range of Virtual Sports and additional casino content at this time could never be more important for our partners, 3PI offers us just that,” Samvel Mkrtumyan – head of external communication at Digitain, said.

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Golden Race Launches Virtual Sports Content on Blue Ocean’s GameHub

Niji Narayan

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Golden Race Launches Virtual Sports Content on Blue Ocean’s GameHub
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Golden Race, the Malta-based cross-platform gaming provider, has launched its virtual sports content on online casino platform provider Blue Ocean Gaming via the game centre.

“As the first fully managed Virtual Sportsbook in the industry, our games are a perfect alternative during times with low or none real sports at all. We are very happy to join Blue Ocean Gaming to offer their clients the best content,” Martin Wachter, CEO and Founder of Golden Race said.

“We are very pleased to welcome Golden Race; the content will be a great addition to our virtual sports offering made available through GameHub game aggregation. Especially in the situation we are currently in, when all the major real sports events are being cancelled or postponed, we are getting many demands for the virtual sports content, therefore we are looking forward to being able to upsell the games to our operators,” Blue Ocean Gaming said in a statement.

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