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Enlabs Makes a Mandatory Public Offer to the Shareholders of Global Gaming

George Miller

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Entain Extends Acceptance Period for Enlabs Bid to March 18
Reading Time: 3 minutes

 

Enlabs announced on August 26, 2020, that Enlabs had acquired 9,878,086 shares in Global Gaming 555 AB on the same day, for a purchase price corresponding to SEK 11 per share (where 50 percent of the purchase price was paid in cash and 50 percent was paid through newly issued shares in Enlabs), and thus increased Enlabs’ ownership from 29.89 percent to 54.06 percent of all shares and votes in Global Gaming, which meant that Enlabs was required to make a mandatory public offer for the remaining shares in Global Gaming in accordance with the Takeover rules for certain trading platforms (the “Takeover rules”). Since the announcement, Enlabs has acquired additional shares in Global Gaming in the market and Enlabs’ ownership at the time of publication of this press release amounts to 66.70 percent of all shares and votes in Global Gaming.

Considering the above, Enlabs hereby makes a mandatory public offer to the shareholders of Global Gaming to transfer all their shares in Global Gaming to Enlabs (the “Offer”). The consideration of the Offer consists of three alternatives: (a) a cash consideration, (b) a share consideration in the form of shares in Enlabs, or (c) a combination corresponding to 50 percent as cash consideration and 50 percent as share consideration. All consideration alternatives correspond to SEK 11 per Global Gaming share. Enlabs will not increase the offered consideration.

The shares in both Enlabs and Global Gaming are listed on the Nasdaq First North Growth Market (“First North”).

The Offer in brief

At the time of the Offer, Enlabs owns 27,266,114 shares in Global Gaming, corresponding to 66.70 percent of all outstanding shares and votes in Global Gaming.
The Offer values all shares in Global Gaming at approximately SEK 450 million.
Enlabs offers the shareholders in Global Gaming as consideration, for each share in Global Gaming, either:
a cash consideration of SEK 11 (the “Cash Consideration”),
0.36 shares in Enlabs (the “Share Consideration”), or
a combination corresponding to 50 percent as Cash Consideration and 50 percent as Share Consideration.
Enlabs will not increase the offered consideration.

The Offer entails a premium of approximately 15 percent in relation to the closing price on First North for the Global Gaming share on August 26, 2020 (which was the last trading day before Enlabs announced its intention to submit a public bid offer to the shareholders in Global Gaming) and a premium of approximately 1 percent in relation to the closing price on First North for the Global Gaming share on September 21, 2020 (which was the last trading day before the announcement of the Offer). Furthermore, the Offer entails a premium of approximately 4 percent in relation to the volume-weighted average share price for the Global Gaming share during the last thirty (30) trading days, and a premium of approximately 13 percent based on the volume-weighted average share price for the Global Gaming share during the last ninety (90) trading days, up to and including September 21, 2020.
The board of directors of Global Gaming, or an assembled independent bidding committee of Global Gaming, shall publish its opinion on the Offer and the reasons for this opinion no later than two weeks before the expiry of the acceptance period. Furthermore, Global Gaming must obtain and, no later than two weeks before the end of the acceptance period, publish a fairness opinion regarding the Offer from independent expertise. At the time of publication of this press release, neither such statement nor a fairness opinion have been published.
Enlabs’ completion of the Offer is only conditional on the acquisition being approved, if applicable, by the relevant competition authorities.

Enlabs will publish an offer document regarding the Offer, which is expected to take place around October 2, 2020. The acceptance period for the Offer is expected to begin around October 5, 2020 and end around November 2, 2020.

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Multi-brand TV Manufacturer Vestel Brings Twitch to Smart TVs across Europe

George Miller

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Multi-brand TV Manufacturer Vestel Brings Twitch to Smart TVs across Europe
Reading Time: 2 minutes

 

Multi-brand TV manufacturer, Vestel, has announced the launch of a new app collaboration that is set to bring the leading interactive livestreaming service, Twitch to more Smart TVs across Europe. Now available, the app has been rolled out to all Vestel-manufactured Smart TV ranges, including those designed for many top brands, such as Hitachi, JVC, Telefunken and Techwood.

With the app, everyone will be able to browse Twitch channels and watch live streams on any Vestel-manufactured Smart TVs that have been produced from June 2018 onwards. Viewers can look forward to a user-friendly experience, which includes one-click access to the service, thanks to the dedicated Twitch button on the TVs’ remote controls.

The Twitch community will find it easy to navigate the app on their TVs, only having to click on the remote controls’ arrow buttons to find content. Those with Twitch accounts will be able to sign in on the TVs, so that they can keep up with the latest live broadcasts from the streamers they follow.

The Smart TVs themselves support and build on the Twitch viewing experience. With screen sizes of up to 58”, 65” and 75”, they are ideal for bringing all the latest on-screen entertainment to life, including live streams of games, such as League of Legends and Fortnite. Promising a more deeply immersive audio-visual performance, many of the TVs also offer 4K HDR, and additional built-in TV speakers, as well as image processing technologies to refine the picture quality and ensure judder-free action scenes.

“We are extremely proud to be able to launch Twitch on our Smart TVs,” said Barış Altınkaya, Deputy General Manager of Marketing and Product Management, Vestel. “With this addition to our app line-up, we can connect everyone at home to an endless library of live entertainment that covers everything from games, sports, and travel to cooking and talk shows. Whatever their interests, thanks to this app collaboration, we can offer viewers more of the content they love, whilst also maximising their Twitch viewing experience with cutting-edge, big-screen TVs.”

Sajjad Rehman, Director of Business Development at Twitch said, “Twitch is first and foremost a community which comes together to experience live entertainment, based on their passions and fuelled by interactivity. And there is no more important community than a family. Bringing Twitch into the living room through the Vestel TV’s will make it even easier for even more communities to come together for those never to be repeated moments which take on Twitch every second.”

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Adverty outlines a unique opportunity to boost monetisation significantly with seamless in-game advertising on the Unity platform

George Miller

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Adverty outlines a unique opportunity to boost monetisation significantly with seamless in-game advertising on the Unity platform
Reading Time: 2 minutes

Join the leading in-game advertising specialist on 3rd March to find out more about this opportunity and for the chance to win up to $50,000

Adverty, the leading in-game platform for advertisers, agencies and game developers, will outline a unique opportunity to significantly boost monetisation with seamless in-game advertising on the Unity platform at a seminar taking place on 3rd March 1pm UK / 2pm CET.

The upcoming seminar by Adverty will unveil how to integrate its Unity software development kit (SDK) into mobile games and will see the seamless in-game advertising specialist share tips, tricks and best practice with developers.

Adverty is also running a competition to encourage developers to use its SDK – with the prize being a 12-month contract with a whopping $30,000 in guaranteed prize money – with ad revenue on top, and an additional $20,000 in prize money to developers who manage to surprise the jury with their creativity.

Being considered will entail some requirements for developers – such as certain minimum daily active users (DAU) in specific geographies and a 12-month live commitment to its SDK.

The tech seminar is entitled ‘Boost monetisation with in-game brand advertising on the Unity platform’ and, in order to win Adverty’s exciting competition, participants must submit their entries before April 16th.

The winner will be chosen by gaming specialists within Adverty’s supply-side team.

Join Adverty for this fascinating webinar in which we showcase how to incorporate the seamless ad units In-Play™ and In-Menu™ into your game on the Unity platform, and share best practice tips and tricks of the trade as to how and where you can place effective ads and drive revenue.

The webinar will outline how easy it is to integrate Adverty’s offer into games, and enable audiences to test its BrainImpression™ technology, ImpViz™ and SmartBend™ features to maximise viewability and monetisation.

Register for the free seminar here: https://live.remo.co/e/seminar-boost-your-monetisation-/register

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Elk’s X-iter feature goes live exclusively with LeoVegas

George Miller

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Elk's X-iter feature goes live exclusively with LeoVegas
Reading Time: 3 minutes

 

Swedish game developer Elk Studios has launched a brand new slot feature that allows players to enjoy a specific scenario within a game. It’s a completely unique way to play as there are a selection of predefined modes. Bompers will be the first title with the X-iter feature and is exclusively for LeoVegas players initially before a global launch in March. It’s available with no additional integrations or updates to any of the slots that offer this new feature as it comes as part of the platform.

It’s not yet known if the new game will be added to any of their bonuses, but if there are LeoVegas promo codes that include Bompers in the future, it can only be a good thing for new and existing players.

Elk Studios casino product manager, Tiger Holmgren, said: “The evolution of online gaming has made drastic developments during the last couple of years. An evolving and more aware target group demands a deeper, richer, and more engaging gaming experience. Bonus buys have addressed this but only to some extent, with players staking up to 2,000x bet for Super Bonuses. With X-iter we want to provide a full range of game modes to players, so they can pick and choose how they want to play Elk games.”

Johan Ekberg, Group Casino Games Manager at LeoVegas, is excited for players to try the innovative features:

“X-iter is unlike any slot innovation we’ve seen before and goes beyond the traditional bonus buys. We are thrilled to be first in line with offering our players a straight entry to all the exciting game features X-iter holds. We expect this release to be a big one!” he said.

There are modes with X-iter that are tailored to each slot and its game features. Players can choose their favourite scenario frequently while experiencing the core of every game. As stated on Elk’s site, the X-iter modes are game-specific and can be anything from guaranteed base game features, spins with growing win multipliers, or a straight entry to the bonus game. With up to five modes, players can easily pick and choose according to their own liking.

The maximum jackpot is higher than your average slot, with potential wins of between 25x and 300x of a player’s stake. The unique ‘Buy’ feature is sure to prove a popular pick as it allows players to skip past the base game and head straight to the bonus part of the slot.

Players can enjoy numerous game features which can be triggered one after the other. There are no limits. There’s also the chance to get a full gaming experience quicker than usual and waiting times for bonus features can be a lot shorter with X-iter. Depending on a player’s risk and reward preference, there are more options to choose from due to the contrasting options that can be selected.

The different types of modes with X-iter include:

  • Bonus buy
  • Standard 1x bet spin
  • 3 spins with 3 Bompers
  • 5 spins with 5 Bompers
  • 10 spins with 10 Bompers

Q4 in 2020 was another record-breaking milestone for LeoVegas, reporting their strongest fourth quarter ever. It’s results like this that reaffirm just how trustworthy they are as a brand. It’s arguably one of the reasons they were able to secure exclusivity with Elk’s new X-iter feature. LeoVegas will no doubt enjoy their early access to Bompers, and the prediction is that it will be a very popular game once the global rollout is completed in March. Whether you are a LeoVegas customer or hold an account with one of the many other top operators in the UK, consider this exciting new slot and see what X-iter has to offer.

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