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Zeal publishes offer document to acquire Lotto24

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The UK-based Zeal Network SE has sent its offer document for the complete acquisition of Germany’s largest private digital lottery broker, Lotto24 AG.

The German Federal Financial Supervisory Authority (BaFin) has approved the offer document in accordance with the German Securities Acquisition and Takeover Act (Wertpapiererwerbs—und Übernahmegesetz). Lotto24 shareholders can accept the offer by tendering their shares to ZEAL. Lotto24 shareholders will get one new ZEAL share in exchange for 1.604 shares of Lotto24. The offer will be valid till 10 April 2019 at 24:00 hours (CET).

ZEAL has already secured approximately 65 per cent of the shares and voting rights in Lotto24 through irrevocable tender commitments from major shareholders of the company, namely Günther Group, Working Capital and Jens Schumann.

Dr Helmut Becker, CEO, ZEAL: “We are fully on track to reunite ZEAL and Lotto24. The conversion of Tipp24 to the lottery brokerage model and our combination with Lotto24 will create a superior platform for sustainable and accelerated growth in Germany and beyond. Lotto24 has successfully grown its market share in the German online lottery market to 34 per cent in 2018. Together, we will build on this position, and our combined scale and technology capability to further expand our joint business. We are convinced that the transaction will create significant value for shareholders of both companies, customers, and the German federal states and their lottery beneficiaries. With our offer, we are inviting Lotto24 shareholders to join us on this exciting journey and become part of our combined success story.”

On completion, the transaction will create a digital lottery group with currently more than 5 million combined customers globally, current combined billings of about EUR 500 million, and a diverse international footprint. In the context of the deal, and consistent with its renewed strategy to de-risk its business model and focus on locally licensed businesses, ZEAL intends to transform its German secondary lottery business into a locally licensed online brokerage model after reacquiring control of its myLotto24 and Tipp24 subsidiaries.

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GLI’s Joseph Marchetti Named an Emerging Leader of Gaming

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Gaming Laboratories International’s Director of Systems and Audit Joseph Marchetti has been named to the ELG 40 Under 40 Class of 2022 by Emerging Leaders of Gaming (ELG) and Global Gaming Business (GGB) magazine.

“We are thrilled for the industry to recognize Joseph as an Emerging Leader in Gaming. For more than 15 years, Joseph has led teams in creating innovative solutions for GLI’s clients, helping clients discover new paths forward, and providing valuable consultative advice on their integrated compliance journey,” Sangeeta Reddy, Vice President of Engineering at GLI, said.

Since assuming his new role in May 2021, Marchetti has led his team of systems testers, auditors and automation developers as they work closely with regulators, operators and suppliers, paving the way in the ever-evolving world of gaming systems. He has also streamlined processes and created automation tools which expedite the time to market while also reducing clients’ costs.

He has been with GLI for more than 15 years, previously serving as Technical Group Manager. Over that time, he has developed an enviable and proven record of success as an engineer, as a manager and in developing engineers for multiple aspects of testing.

Over the past 15 years, Marchetti has grown from an entry-level Test Engineer to his current role. Along the way, he has reached a high level of expertise in the regulatory compliance testing of multiple game types, platforms, progressive controllers, shufflers/shoes as well as casino management systems.

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SoftGamings to Attend iGB Live! in Amsterdam

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The iGB Live! conference and expo slated for 28 September – 1 October 2021 is back on after a two-year COVID-19-induced hiatus.

iGB Live! is one of the biggest events in the iGaming industry that connects the most prominent operators and suppliers in the business and brings them an opportunity to share their ideas and visions with their live audience. iGB Live! is being held at the Amsterdam RAI, the biggest exhibition space in the Netherlands from 28 September to 1 October 2021.

The organisers of the event are expecting 4000+ attendees and 120+ exhibitors. All those in attendance will be able to discover the latest tech advancements in the industry, connect with the best providers in the business, and get exclusive insight into the minds of the leading experts at the panel discussions.

Among those exhibitors, experts, and proud sponsors of the event, stand H10 is reserved for SoftGamings and its portfolio of products and services that include a unified API integration platform, White Label and Turnkey products, and many others.

“iGB Live! is definitely the place to be to learn about the latest developments in the iGaming industry, and we are very excited to meet our peers for some good-quality networking and business opportunities. We invite you to meet our team at stand H10 where you can learn more about our products and services and see what we can do to take your online gambling business to the next level,” Irina Sazonova, Director of Partnerships at SoftGamings, said.

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Patrick Svensk Resigns as Chairman of Betsson

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Patrick Svensk, Chairman of the Board of Betsson AB (publ), has informed the Nomination Committee that he is resigning from Betsson’s Board of Directors and the assignment as Chairman with immediate effect. The Board has appointed Johan Lundberg, currently a member of Betsson’s Board, as the new Chairman.

Patrick Svensk has been a member of Betsson’s Board of Directors since 2005, and Chairman of the Board since 2017. The decision to resign from Betsson’s Board of Directors is based on the fact that the company’s major shareholders have stated that they no longer have full confidence in Patrick Svensk as Chairman of the Board. The lack of full trust is due to how the dismissal of the CEO was handled, which the company communicated in a press release on September 17, 2021.

“It is very sad, and I am sorry that I have disappointed our major owners, but I have done what I thought was best for the company. I am proud of what we have achieved during these years and wish everyone at Betsson great luck in the future,” Patrick Svensk said.

Johan Lundberg, who has been appointed as new Chairman by the Board, has been a member of Betsson’s Board since 2018. Johan Lundberg is the founder of NFT Ventures and a Board Member of Loomis, Svolder and Ölands Bank.

“I would like to extend a warm thank you to Patrick Svensk for his valuable contributions to the Board for almost 17 years. I look forward to continuing the work with the rest of the board to recruit the next generation of international leader to Betsson and at the same time complete the strategic work that is going on with renewal and growth,” Johan Lundberg said.

The Chairman of the Nomination Committee Michael Knutsson has expressed full confidence and support for the remaining Board members and its election of a new Chairman and supports the decision to seek the next generation of international leader for Betsson.

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