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DraftKings Reaches Late Stage Negotiations for Acquiring SBTech

Niji Narayan

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DraftKings pits best English and Australian bettors against each other in the 2020 DraftKings Ashes
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DraftKings, the US based daily fantasy sports content provider, has reached the late stage negotiations for acquiring the online gambling and sports betting company SBTech.

Multiple sources have confirmed negotiations between the two parties, but as yet no information has been made available with regards to deal timings or provisions.

DraftKings did not confirmed the deal but stated “DraftKings speaks to a variety of companies regarding various matters in the normal course of business, and it is our general policy not to discuss the specifics of any of those discussions.”

The takeover of SBTech would offer DraftKings the chance to avoid costly sports betting product development, securing an “in-house platform” through M&A. The estimated price that DraftKings could propose range between $300m and $500m to completely acquire SBTech.

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Scout Gaming Enters Distribution Agreement with BtoBet

Niji Narayan

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Scout Gaming Enters Distribution Agreement with BtoBet
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Scout Gaming has entered into a distribution agreement with platform provider BtoBet. The deal allows BtoBet to provide Scout Gaming’s full product offering to its vast network of operators.

“We are pleased to add another strong distribution platform to our already broad network of partners. We had a successful co-operation with BtoBet and looking forward to expand it,” Joakim Renman, CCO of Scout Gaming, said.

“We are happy to add the market leading DFS and fantasy sports supplier to our product portfolio of games. We are experiencing an increasing demand for additional sport content and believe that Scout Gaming’s product fits that need in a pleasant way,” Sabrina Soldà, Chief Marketing Officer of BtoBet, said.

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Stakelogic Revamps its Super Stake Feature

Niji Narayan

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Stakelogic Revamps its Super Stake Feature
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Online slot developer Stakelogic has revamped its Super Stake feature for delivering more excitement and bigger wins to players.

The Mega Super Stake allows players to place a side bet and enable an additional feature that delivers an insanely high payout once in every 35 spins or so.

With the standard Super Stake feature, the side bet allows players to double their bet but with Mega Super Stake their original bet is multiplied by 2.5 for not just big but mega win potential. Both Super Stake and Mega Super Stake can be built into a single slot game.

“Super Stake has been an absolute game-changer for us and our players so we wanted to build on this and deliver even more entertainment. Mega Super Stake takes the big win anticipation and potential to the next level, allowing players to land massive wins at a regular hit rate from a relatively small stake,” Stephan van den Oetelaar, CEO of Stakelogic, said.

“Mega Super Stake will debut with our next release, Lion Gold, and will then be built into other games where our developers and mathematicians feel it will add the most value,” he added.

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Tobias Fagerlund Steps Down as Global Gaming CEO

Niji Narayan

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Tobias Fagerlund Steps Down as Global Gaming CEO
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Tobias Fagerlund has stepped down as the CEO of Global Gaming with immediate effect. The Board has appointed Board member Christian Rasmussen as Acting CEO.

Tobias was appointed as the acting CEO of Global Gaming on 29 April 2019 and has been the permanent CEO of the company since 2 July 2019.

“It is my opinion that Tobias during his time as CEO led Global Gaming in a very meritorious way. Tobias has implemented a large package of restructuring measures and shown evidence of a strong and clear leadership that was absolutely necessary for the company. Tobias has thus with great success laid a good foundation for Global Gaming’s future operations. Now, however, the company is facing a new phase and we have identified a number of measures necessary to further strengthen the company’s position. The CEO has worked from Stockholm, where he has been the company’s only employee, and there is a need for leadership to operate where our operating units are allocated, in Estonia and Malta,” Niklas Braathen, Chairman of the Board of Global Gaming, said.

“On behalf of the board and the company, I would like to thank Tobias for his work, and would like to point out that during the time I have been chairman of the board, we have had a very good collaboration and that I look forward to continuing in various forms,” Niklas Braathen added.

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