Ladbrokes owner Entain has completed the recommended public cash offer to the shareholders of Enlabs and extended the acceptance period.
Entain’s offer to acquire Enlabs was first put forward in January, with the operator offering to pay SEK40 per share for the business. In March, Entain increased the offer from SEK 40 per share to SEK 53 per share.
The revised offer has been accepted by shareholders holding a total of 65.9m shares, approximately 94.2% of the total number of shares and votes in Enlabs.
All conditions for the completion of the offer have been satisfied, Entain said, and the operator has, therefore, declared the offer unconditional.
Payment for the Enlabs shares tendered by March 18 is expected to occur on or around March 30.
The offer does not include warrants issued by Enlabs and acquired by employees under the company’s incentive programme.
In a separate offer, Entain has proposed acquiring all interests owned by the warrant holders at a price equal to the see-through value of the warrants on the basis of the offer price. This separate offer has been accepted by holders of 1.35m out of a total 1.4m warrants allotted and transferred to participants in the incentive programme.
Entain has decided to extend the acceptance period until April 1 to give the remaining Enlabs shareholders more time to accept the deal. This means the acquisition is expected to close around April 13. Entain has said it will not extend the acceptance period further.
NGDC Season VI: Special Qualifier announced for Game Wave Festival
We’re thrilled to announce a special qualification round of the Nordic Game Discovery Contest Season VI, giving Baltic-based developers a unique chance for a seat in the NGDC Grand Finals.
All studios attending the upcoming Game Wave Festival in Tallinn (www.gamewave.eu) can submit their game to the NGDC when they register for the festival. A board of experts will then select the game which deserves the most to be discovered, and it will get status as NGDC Grand Finalist and be among the studios battling for the three seats at the live and hybrid NGDC Final 3 on 28 November.
“We’re very excited to announce this special qualifier”, says NGDC host and Nordic Game Program Director Jacob Riis. “The Baltic region has a great amount of talented developers, and it will be very exciting to see who will be selected as the finalist for the NGDC Grand Finals.”
“We are very happy to welcome NGDC to our event and to have such an important game-related event in the Baltics region. It will draw top game studio attention to our region and inspire new studio development and capacity building of experienced ones.” adds Ints Viksna, head of the Game Wave Festival.
The selected game will win a seat in the NGDC Grand Finals throughout November, as well as prizes from Tencent Games, Nordic Game, and PR specialists Games Branding.
Are you developing or have you already developed a game that deserves more attention than it’s received so far? And are you attending the Game Wave Festival? If so, submit your game and prepare to participate in the special qualifying round of NGDC Season VI – and maybe go all the way to the Grand Final 3 Final on 28 November.
Here’s the submission form for the NGDC Season VI qualifier: https://forms.gle/bjpURRjV8pMgVAsk7. The deadline is 14 October 2022
NGDC Season VI is sponsored by Tencent Games, and Nordic Game Ventures, in partnership with Games Branding.
CT Interactive pens OlyBet distribution deal
CT Interactive has signed an agreement to provide gaming content to the operator OlyBet.
CT Interactive`s specially selected slot titles will now be available via desktop and mobile devices to customers throughout the operator`s brands in the Baltics and CEE markets. The provider`s top-performing slots will be included in the deal: Lucky Clover, 40 Treasures, Banana Party.
Milena Tsankarksa, Head of Business Development EMEA at CT Interactive, said she was delighted to pen the deal with OlyBet, which would now allow the distribution of CT Interactive`s slots to even vaster players` base in Europe.
She added: “We’re a great fit, and we are happy to offer quality products which will increase excitement and retention rates for operators“.
„The deal is the next step in fulfilling our strategy to significantly increase our market share in Europe. Our games offer a wide variety of themes and maths models which perform equally well in every gaming environment“, commented Lachezar Petrov, CEO at CT Interactive.
Erika Padisaar Casino Managerat OlyBet said: “CT Interactive’s slot games are a great addition to our wide range of existing gaming content and will provide our customers with a new selection of high performing products“
Lithuania Gambling Supervisory Authority Imposes €15,000 Fine on Top Sport
Lithuania’s Gambling Supervisory Authority has issued operator Top Sport UAB with a fine of €15,000 for failing to properly install a digital video recording system at two of its retail betting facilities.
An investigation by the regulator found that systems placed at the two locations in Klaipėda were not recording the premises properly.
The Authority said at one of the sites the video system set up to capture images of anyone who enters the shop was not recording accurately and the images were blurred, meaning it was not possible to identify those who had visited the premises.
The regulator’s investigation also found that the recording systems at both locations failed to capture images of financial transactions and also how much money was being paid in and out at each facility.
As such, the Authority said this breached article 15 part 3 of the Gambling Law of Lithuania, which states that video recordings must clearly show people entering the betting shop, as well as the actions of gamblers and bookmakers at the location.
The Authority noted that the decision is open to appeal by Top Sport.
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