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Better Collective completes acquisition of remaining shareholding in RotoGrinders Network

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SPORT1 and MAGIC SPORTS MEDIA enter into cooperation with Better Collective to launch new sports betting section on SPORT1.de
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Driven by significant potential synergy upside and strong US business growth, Better Collective, a leading global sports betting media group, has decided to complete the acquisition of the remaining 40% share stake in the US based RotoGrinders Network at a total price of 33 mEUR. Better Collective acquired its original 60% share stake in Rotogrinders Network in 2019.

The Transaction
The acquisition of the remaining 40% of the shares will be paid through a 22 mEUR cash consideration and the remaining part in shares or cash. Both components will be transferred no later than December 31, 2021. This brings the expected transaction price for 100% of the shares in RotoGrinders Network to a total of 51 mEUR, equivalent to 7.5x the expected 2021 EBITDA. The purchase price of the remaining shares is dependent on financial performance in 2021 and the final price will be adjusted accordingly once financial results for 2021 have been announced. Better Collective and the selling shareholders had mutual options to buy and sell the shares in the period 2022-2024, however the decision has now been made to accelerate the purchase and complete it in one transaction.

Better Collective US will be further strengthened
The decision to accelerate the remaining share purchase is fuelled by the strong growth in RotoGrinders and the entire US business. The full acquisition will provide a strong platform for future growth, supported by underlying US market growth and synergies between RotoGrinders and the other BC US assets that now can be fully realised. Since Better Collective acquired the initial 60% in May 2019, RotoGrinders has seen significant growth within sports betting as well as daily fantasy sports (DFS). Sports betting is driven by sportshandle.com and the usbets.com network, whereas DFS is driven through the leading US DFS brand, RotoGrinders.com. Since the initial share acquisition, the following growth rates have been recorded:

  • 2021 revenue more than doubled since 2019 (2.2x), based on a 47% compound annual growth rate
  • 2021 EBITDA is 4.4x higher than 2019, growing at a 109% compound annual growth rate

The strong growth is expected to be accelerated further, both as a consequence of more states regulating online sports betting and due to synergies between the RotoGrinders Network and other Better Collective assets, such as Fantasy Labs (DFS), Action Network, vegasinsider.com and Scores And Odds. Synergies are of both product and commercial nature. The DFS and other subscription based assets (such as Action Network and VegasInsider) will continue to be key revenue generators throughout the US, also in states where sports betting remains to be regulated.  The US sports betting market is, according to Vixio, expected to grow from a Gross Gaming Revenue (GGR) of ~$2.5bn in 2021 to ~$5.8bn by 2023. By 2030 the market is expected to exceed $40bn GGR. Five of seven of the original founders and shareholders of the RotoGrinders Network, will remain employed in Better Collective and two will continue in advisory roles.

Financial Reporting
The difference between the new estimated purchase price of the shares and the contingent liability recorded in the balance sheet as of June 30, 2021 is  11.5 mEUR and will be disclosed under Special Items in the Profit and Loss account in the Q3 2021 report in accordance with IFRS. The transaction has no impact on the financial guidance for 2021.

Marc Pedersen, CEO of Better Collective US, says:
“We are pleased to settle the full acquisition of the RotoGrinders Network earlier than originally planned. Since the initial acquisition, we have been impressed with the RotoGrinders team and we are excited to now welcome them to the broader Better Collective family and pursue all synergies to the fullest. Furthermore, we are pleased to keep the now previous shareholders in Rotogrinders engaged in Better Collective with the opportunity to benefit from their competences more widely in the organisation.”

Cal Spears, CEO of Rotogrinders, says:
“Joining Better Collective a few years back helped us fully unlock the potential of the RotoGrinders network. We’re proud to announce that our significant growth has led to an accelerated acquisition and that our team of 50+ will be fully integrated into Better Collective US going forward. All seven of the original RotoGrinders network shareholders and co-founders are now assuming full time or advisory roles. Better Collective is perfectly positioned for US growth and we’re excited to help realise its potential.“

Gaming

ALTAIR BREAKER Launches Globally on Steam and Meta Quest Store

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ALTAIR BREAKER Launches Globally on Steam and Meta Quest Store
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Test your sword-wielding skills in this fantasy adventure VR action game

Thirdverse, Inc. today launched the VR sword-fighting actual game ALTAIR BREAKER for the Meta Quest 2, Oculus Rift and Valve Index. Players can test their sword-wielding skills, team up with three friends and battle against AI creatures in an expansive fantasy world. ALTAIR BREAKER will be available for purchase starting today at 10:00AM PDT, at a set price of $24.99 on Steam and Meta Quest Store.

Teruyuki Toriyama, Producer at Thirdverse, said: “ALTAIR BREAKER was developed by combining the VR game development know-how gained by the young game creators of “Swords of Gargantua” with more advanced consumer action game techniques. The idea was to create a new VR sword-fighting action game that can be easily enjoyed by users who are new to VR games, rather than the realistic sword-fighting simulators often seen in VR. The setting of this work is a virtual world called “ALTAIR,” an abandoned island in the void ruled by an experimental combat AI. The worldview incorporates elements typical of Japanese fantasy anime, such as mecha and fantasy, as its main theme. Players can easily experience sword-fighting action that transcends reality, just like a hero in such a world in VR. We hope you will enjoy the high-speed VR multiplayer sword-fighting action that is unique to this title. We will also continue to collect everyone’s feedback in order to deliver more and more content that our users can enjoy.”

To commemorate the release of ALTAIR BREAKER, ongoing campaigns will be open for everyone to participate in and have a chance to win a Meta Quest 2 headset and an Amazon Gift Card of the value of $300, as well as livestream on Twitch on selected channels with our partner creators.

Key Features in ALTAIR BREAKER:

  • Transcendent VR Sword-Fighting: Designed with casual players in mind, ALTAIR BREAKER brings a “new generation of VR sword-fighting action” to the VR world featuring high-speed sword-fighting action, blow-ups, aerial combos, and wide-range attacks with special moves.
  • Unique Battle System:Move from map to map while enjoying the feeling of transcendent sword fighting. Take advantage of your surroundings by climbing and gliding to easily take on enemies.
  • Experience a wide range of attacks only possible in the VR world, like Shockwaves and Surge Mode.
  • Expansive World of ALTAIR: The game takes place in an aerial city ALTAIR, where AI was created to develop singularity-like creatures. Once a group of islands in a sea of clouds, most of the islands have collapsed and only floating ruins remain, which are inhabited by LAWS, the experimental battle AIs left behind and free to wander around.
  • Freedom of Movement: Glide through the air using your glider or climb the walls of a fortress as movement is possible in all directions in VR space. The entire map is your battlefield!
  • Cross-Platform Four-Player Co-Op: Multiplayer gameplay between Meta Quest 2 and PCVR, leaving players free to be matched with players from all over the world and communicate via voice chat.
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Baltics

PopOK Gaming Has Received a Certificate for Latvia

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PopOK Gaming Has Received a Certificate for Latvia
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The innovative iGaming developer PopOK Gaming is now certified for Latvia. 

Further expanding the scope of its activities, PopOK Gaming also reaches Latvia. 18 of the most beloved games from our portfolio, namely Yummy, Lost Treasure, Diamond Flash, 20 Hot Bar, Sultan’s Tale, Los Apaches, Lucky Jungle and the like, as well as the 4-level Progressive Jackpot are now available for locals to try and delight in the fun environment our games will definitely create. This approval is yet another proof of continual momentum PopOK Gaming has been enjoying, opening new doors for our partners to grow their business and powerfully contributing to their revenue streams.

PopOK Gaming Product Manager, Tsovinar Elchyan, said: “This achievement is another important step forward for PopOK Gaming and an impetus for continuous improvements. After receiving the green light to provide our games in Latvia, we are keen on ensuring a remarkable gaming experience for local players and establishing long-term partnerships with our partners.”

 

PopOK Gaming belongs to Soft Construct (Malta) Limited that holds II Class licence (2239) granted by GLI (Gaming Laboratories International).

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Gaming

Introducing CasinoFastPayout.com – your one-stop shop for information and the best casino listings online

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Casinofastpayout.com has officially launched and is already making a big splash in the online casino world. They aim to become the most extensive website about fast payout casinos and are well on the way. The website is packed with information on the latest releases, bonuses, games, and tips and advice from their team of experts.

Players can trust CFP to provide only quality information and the best casino listings online. With payout speed being their number one priority, players can be sure that CFP always has their best interests at heart.

The fastest-paying casinos reviewed

CasinoFastPayout (CFP) is today announcing its official launch as the go-to resource for players looking for speedy payouts from their chosen online casino operator. The site promises comprehensive guides to play at some of the most reputable gaming destinations as well as up-to-date news on what’s hot in the iGaming world right now – all with an emphasis on getting your money into your hands as quickly as possible!

“We are excited to announce the launch of our new website, designed to help casino players find the best fast-paying casinos. Our team of experts have years of experience in the industry, and we have used that knowledge to create a comprehensive resource packed with information on the best casinos online. All of our recommendations have been selected with payout speed in mind, so you can be sure you’re getting the most out of your gaming experience.”

Half a Century’s Worth of Experience

CasinoFastPayout.com has assembled a smashing team of local experts who will keep you fully informed on everything related to getting paid quickly when enjoying online casino entertainment.

With a combined experience of a near half-century, the team at CasinoFastPayout.com will surely know what’s up. Led by Dan James, who is genuinely dedicated to help players navigate the online gambling industry and to find the best of the best when it comes to casinos with fast payouts. On top of that, industry veteran Max Deranker joined the venture as an investor.

That Honest Friend

Casinofastpayout.com is not a website built to recommend casinos; the goal is to recommend the best ones that will live up to the players’ expectations. And to avoid providing carefully masked affiliate links leading players to choose the wrong online casinos and losing their trust in the recommending website.

“We aim to be the honest friend you turn to when you want to know, and we promise to always let you know when you have spinach between your teeth,” says Dan James.

From Malta to all over the world

The team behind the website Casinofastpayout.com is currently operating from Malta. One of the world’s biggest hubs for online gaming. As for now, the website is focused on markets such as Canada, the UK, and New Zealand. With time the aim is to grow and expand the team. And to add more experienced team members to cover more markets and continue helping players all over the world.

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