Entain Plc has announced that it has contractually completed its €370 million takeover of online gambling group Enlabs AB.
Issuing a market statement, Entain confirmed that it had secured 67 million Enlabs shares, corresponding to 96% of the Nordic Nasdaq First North firm’s total shareholding.
Prior to this announcement, 94% of Enlabs shareholders had approved of Entain’s revised SEK 53 per share offer, disclosed on 22 March – qualifying its takeover approach as unconditional for Enlabs shareholders.
As part of its buyout obligations, Entain had extended its offer acceptance period until April 1, in order to enable existing Enlabs shareholders to accept its deal terms.
Completing its outstanding duties, Entain maintains its revised deal timetable in which the FTSE100 betting group expects to declare the full settlement of its Enlabs takeover on April 13.
Updating stakeholders, Entain emphasised that remaining unsettled Enlabs shares held “no financial exposure,” allowing the company to proceed with the full settlement of its deal – for which Entain will not extend its acceptance period any further.
Red Rake Gaming strengthens its presence in Latvia with Spins.lv
Red Rake Gaming, global premium casino games provider with offices in both Spain and Malta, has extended its reach across the Latvian market with its newest partner, Spins.lv.
SPINS ensures an enjoyable and exciting online casino experience for its customers in Latvia. The company was founded in 2022 by group of industry professionals and within the first year, SPINS has acquired a large customer base and has become one of the fastest growing and known brands in Latvia. What sets SPINS apart is its user-friendly platform and a wide selection of games from the top game providers, such as Red Rake Gaming.
This partnership will grant Spins.lv access to the full range of leading games offered in the Red Rake Gaming portfolio, now available in Latvia. Among the popular titles in the market are the Super Series of games, known for their non-stop action with multiple features and bonus games, along with the industry’s first “1 million ways to win” genre of games, which has garnered significant popularity among players worldwide and currently holds a dominant position in Latvia’s gaming charts.
Red Rake Gaming continues its upward trajectory, making strides in various regulated markets, with Latvia standing out as a significant growth market in Europe. This collaboration is just one of the many recent partnerships established in regulated markets, further expanding its extensive client portfolio in Latvia.
Nick Barr, Managing Director for Red Rake Gaming Malta, commented on the partnership stating: “We are thrilled to partner with Spins.lv and continue our growth in the Latvian market. We have seen a significant growth in the market since our initial launch proving that our myriad of game mechanics and genres are clearly resonating well with Latvian players. We look forward to bringing out games to Spins.lv players and confident our collaboration will be fruitful.”
Red Rake Gaming enters Lithuanian market through 7Bet partnership
Premium casino content developer, Red Rake Gaming, partners with 7Bet, the leading Lithuanian online casino platform, to distribute their high-end and innovative suite of top performing casino games into the regulated Lithuanian market.
The collaboration will grant 7Bet, access to Red Rake Gaming studio’s outstanding array of top-tier games. Among these, there are renowned titles such as Super 20 Stars, which offers continuous excitement through its myriad of bonus features, Guardians of Luxor featuring scatters, mini-games, special wheels, and a free spins option, or 1st of the Irish with its multiple features and captivating cascading reels. These games have already captured the hearts of players worldwide and are currently leading the charts in several regulated European markets.
Through continuous delivery of top performing titles, Red Rake Gaming has managed to drive its regulated market strategy and deepen its position in numerous key regulated markets. With content now available in more than 16 regulated markets across the globe, with more expansion in the pipeline, players can enjoy the feature-rich, engaging content from more locations than ever before.
Nick Barr, Managing Director for Red Rake Gaming Malta, commented on the partnership stating: “We are thrilled to partner with 7Bet, who is a key player in the Lithuanian market. We have seen a great response from players in similar markets and very confident the Red Rake Gaming content will help support 7Bet’s continued growth. Red Rake Gaming continues to go from strength to strength across the regulated landscape and we look forward to the Lithuanian market contributing to our ongoing success.”
IGT Enhances iLottery in Lithuania with Remote Game Server and Compelling eInstants
International Game Technology PLC announced that its subsidiary, IGT Global Solutions Corporation, has signed a contract with EULOTO UAB (Euloto), the operator providing lottery in the Republic of Lithuania. As part of the agreement, IGT will deploy its advanced cloud-based remote game server (RGS) and at least 12 eInstant games each year.
IGT will integrate its RGS platform with Euloto’s iLottery system, enabling Euloto to have access to a wide variety of eInstant content. IGT’s eInstant product lineup contains numerous themes, play styles, omnichannel games, popular licensed content and the award-winning progressive jackpot games. Engaging game titles include Gold Blast, Shocking 6’s and Castle Cash.
“IGT’s vast content portfolio will complement Euloto’s iLottery program and offer our players exciting new games to experience. Deploying IGT’s RGS in the cloud also aligns with our goals of providing our players with modern, high-quality solutions, while providing us with the dynamic scalability and reliability required to help grow our business,” EULOTO UAB Director Mantas Lebedžinskas said.
“The integration of IGT’s cloud-based RGS will reduce the need for Euloto to go through any major iLottery system conversions in the future because the infrastructure in the cloud is always up-to-date. This advanced technology enables the Lottery to quickly choose which eInstant games they want to offer to their players from IGT’s library of exciting themes and play styles,” said Srini Nedunuri, IGT Senior Vice President, Global iLottery.
Gaming Americas Weekly Roundup – September 18-24
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