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Jagex strengthens executive leadership as Rashid Varachia is appointed Chief Financial Officer

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Jagex, a leader in online living games and developer and publisher of the iconic RuneScape role-playing games, today announced the appointment of Rashid Varachia as Chief Financial Officer (CFO); Rashid will also be joining the company’s board of directors.

A much-respected video game industry finance executive, Rashid joins Jagex having spent the past nine years with Codemasters, where he was Chief Financial Officer and integral to the racing game studio’s growth, stock market listing in 2018, its acquisition of Slightly Mad Studios in 2019, and its recent acquisition by Electronic Arts. Prior to Codemasters, Rashid held financial leadership roles at Technicolor Home Entertainment Services.

The appointment comes in a year that saw Carlyle, a global investment firm, acquire Jagex following multiple consecutive years of the company’s growth.

Phil Mansell, CEO of Jagex, said: “I am delighted to welcome Rashid to Jagex and our leadership team as we take the company, our teams, our games, and our player communities, forward on a multi-year growth journey. Rashid brings more than 20 years of financial leadership expertise to the company and, with a proven track record of success at Codemasters, I’m proud to have him on board as the first CFO to serve with me.

“With the backing of Carlyle, which supports our vision for growth, Jagex continues to attract high-quality and passionate people to join our outstanding development, publishing, and operational teams that drive us forward.”

Rashid Varachia, CFO of Jagex, said: “With more than 20 years of expertise in delivering incredible multiplayer online role-playing game experiences for a global player base, there’s so much to admire in Jagex as a leader and innovator in living games. I am excited and privileged to join Phil and his experienced executive team as we build on the company’s most successful years to date and continue to drive it forward for future growth.”

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Fast Track welcomes PolarLotto: taking online lotto in Sweden to new heights

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Malta, 28th March 2024 – PolarLotto, a leading provider of lotto betting services in Sweden, has just announced a strategic partnership with Fast Track, a leading provider of CRM solutions designed specifically for the iGaming industry. This collaboration aims to propel PolarLotto’s expansion from offline to online offerings, bringing the excitement of the world’s biggest lotteries to Swedish players in a safe and responsible manner.

PolarLotto prides itself on its commitment to transparent and ethical gaming practices, with a focus on player safety and responsible gaming. By teaming up with Fast Track, PolarLotto aims to leverage cutting-edge technology to expand its business model from traditional to online, ensuring a seamless and engaging experience for its customers.

Commenting on the partnership, Benjamin Burstein, CEO of PolarLotto, expressed enthusiasm about the possibilities ahead, stating, “We are excited to embark on this journey of transforming our business with the latest technology and automation tools provided by Fast Track. As we transition to the online space, we are confident that Fast Track’s expertise in custom segmentation, real-time data capabilities, and personalised experiences will enable us to better serve our players and achieve our business objectives.”

Fast Track also expressed confidence in the partnership, highlighting the potential for exceptional results through its Singularity model, which uses AI and machine learning to deliver tailored content to players, at the right time and through the most effective channel. “We are thrilled to partner with PolarLotto and support their online expansion,” said Simon Lidzén, CEO and co-founder of Fast Track. Our tools are designed to empower lean teams to achieve remarkable results, and we look forward to helping PolarLotto maximise their online presence and engagement.”

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Red Bull Gaming premieres ‘Memories of CS:GO’ documentary highlighting the game’s early years

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As the CS2 PGL Major in Copenhagen is set to kick off, Red Bull Media House will unveil a captivating feature-length documentary, “Memories of CS:GO – The Early Years,” an ode to one of the most influential games ever made.

This film takes viewers on an immersive journey through the origins and evolution of Counter-Strike: Global Offensive (CS:GO), featuring personal accounts and defining moments from several of the most legendary figures of the game.

The 90-minute documentary, narrated by Counter-Strike commentator Henry “HenryG” Greer, chronicles the remarkable trajectory of CS:GO, from its grassroots beginnings to becoming a global esports phenomenon.

Produced by Red Bull Media House, the film captures the essence of the game through the eyes of its most well known players, including Olof “olofmeister” Kajbjer Gustafsson, Patrik “f0rest” Lindberg, Richard “shox” Papillon, Gabriel “FalleN” Toledo, and Jarosław “pashaBiceps” Jarząbkowski, among others.

The documentary’s release is timed to precede the playoff stage of the PGL Major Copenhagen, scheduled for March 26, 2024. It will premiere on Red Bull Gaming’s YouTube channel at 21:00 CEST, offering viewers worldwide an insider’s perspective on the beloved game.

Event Details:

  • What: Premiere of “Memories of CS:GO – The Early Years”
  • When: March 26th, 2024, at 21:00 CEST
  • Where to watch: Red Bull Gaming’s Youtube Channel
  • The “CS:GO Memories” documentary can be viewed shareit.redbull.com

 

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Ten Square Games ready for a new development opportunities in 2024

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2023 ESPI package

The following documents in pdf format are equivalents of the official Consolidated Financial Statement which were reported in ESPI (download in the zip file above)

2023 Consolidated Financial Statement

2023  Management Board Report on Activities

Independent Auditor’s Report on the Audit of Annual Consolidated Financial Statements

Link to the stream

Link to the chat with individual investors

Presentation

Factsheet

Financial data

Transcription of the conference and Q&A session

For complete press release visit tensquaregames.com

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