Connect with us

Balkans

efbet Enters into Partnership with EGT Digital

Published

on

Reading Time: < 1 minutes

 

EGT Digital has further strengthened its leadership positions in Bulgaria after efbet recently added their gaming content to its website. At the disposal of its visitors are the well-known jackpot bestsellers Bell Link, Clover Chance, High Cash, Single Progressive Jackpot, as well as the multiplayer game xRide.

“We are very happy that our titles are now available to even more Bulgarian fans of high-quality slot entertainment thanks to our collaboration with efbet, which is one of the largest betting sites in the country. I am confident that this partnership will contribute both brands to increase their popularity and solidify their status of key players on the Bulgarian gaming market,” Tsvetomira Drumeva, Head of Sales at EGT Digital, said.

“We decided to enrich the gaming choice on our website with EGT Digital’s titles, led by our priority no. 1 to always offer to our customers fresh and attractive content, tailored according to their tastes and preferences. The evaluation of the players speaks for itself: the provider’s games are among their favorites, having demonstrated impressive results so far, and it seems that this trend will continue in the future,” Tsvetina Georgieva, Marketing manager at efbet, said.

Balkans

Flutter Entertainment Buys 51% Stake in Serbia’s MaxBet

Published

on

Reading Time: 2 minutes

 

Paddy Power and Fanduel owner Flutter Entertainment said it had bought an initial 51% stake in Serbia’s second biggest sports betting and gaming operator MaxBet for €141m in a bid to expand in the Balkans.

Flutter said the deal allows it to acquire the remaining 49% stake in 2029 on similar terms.

It added that the deal aligns with its strategy to target fast-growing, regulated markets where it can combine local expertise with its global pricing and technology.

Flutter, the world’s largest online betting company, said the €700m Serbian betting market is attractive due to its relatively low online penetration of around 35% and expected online compound annual growth to 2025 of about 15%.

MaxBet, which generated pro forma fully regulated revenue of €145m in the year to June, 44% of it online, also has a smaller presence in Bosnia, Montenegro and North Macedonia.

It has an estimated 20% online share as well as over 400 retail outlets across four markets, a well-known local brand and 95,000 online average monthly players.

Flutter, which makes 78% of its revenue in its main divisions of the US, Australia and Ireland and the UK, operates in more than 100 countries around the world.

Peter Jackson, Flutter’s chief executive, said today’s acquisition continues the company’s progress against the strategic priorities it has set for its International division; to buy and build podium positions in regulated markets.

“We believe MaxBet is an excellent opportunity to replicate the success we have achieved in markets like Georgia, India and Italy by acquiring a strong brand in a podium position, where we see a compelling opportunity to combine that extensive local expertise with the power of the Flutter Edge to accelerate and transform growth,” the CEO added.

The deal is subject to customary regulatory clearances and is expected to close in the first quarter of 2024.

Continue Reading

Balkans

Spinomenal augments Bulgarian presence with WINBET deal

Published

on

Spinomenal augments Bulgarian presence with WINBET deal
Reading Time: < 1 minutes

 

Spinomenal, the leading iGaming content provider, has augmented its presence in the Bulgarian iGaming market following a new content partnership with WINBET.

Following the agreement, the leading player in the Bulgarian market will gain seamless access to a wide range of Spinomenal’s top performing titles. Some of the games now available on WINBET’s platform are Poseidon’s Rising, Book of Rebirth and Wolf Fang – to name just a few.

The games are being integrated into WINBET via EGT Digital’s platform. This latest content partnership builds on Spinomenal’s relentless commitment to enhancing its regulated global presence across the iGaming space.

Lior Shvartz, CEO for Spinomenal commented: “Bulgaria has been a major growth market for us and we’re really pleased to enhance our presence here. Our games are proving very popular and by partnering with WINBET we can increase their exposure further.”

Victor Perenovski, WINBET Operations Director, commented: “As the leading Bulgarian online entertainment provider, we strive to offer our clients an ever-expanding portfolio of top quality content and bespoke customer service. By integrating Spinomenal titles we further extend our offer as part of our growth strategy for the Bulgarian market.”

Continue Reading

Balkans

Hacksaw Gaming Makes Bulgarian Market Entry via Inbet Partnership

Published

on

Hacksaw Gaming Makes Bulgarian Market Entry via Inbet Partnership
Reading Time: < 1 minutes

 

Hacksaw Gaming, a developer of premium online casino games, has broken into the Bulgarian iGaming market courtesy of a content distribution deal with Inbet.

The partnership sees Hacksaw Gaming supply the operator with an assortment of crowd-pleasing slot titles including flagship creation Wanted Dead or a Wild, in addition to 2023 smash hit R.I.P. City, Chaos Crew, Stack‘em, Cubes 2, and Joker Bombs, among several others.

Hacksaw Gaming’s Bulgarian bow represents another step forward as part of an overarching strategy to enhance its international footprint across regulated markets. The last two months alone have seen the studio debut in the highly competitive West Virginia and Lithuanian iGaming arenas to help swell its presence both at home and abroad.

Hacksaw Gaming CEO, Marcus Cordes, said: “It fills us with huge satisfaction to enter the Bulgarian market with Inbet so soon after breaking into the US and Lithuania. Hacksaw Gaming’s wide-ranging catalogue of games has wowed scores of fans across the world, and we’re excited to deliver our captivating content to another market of such strategic significance.

“As iGaming grows apace across the world, we remain perfectly positioned to embark on continued expansion across Europe and further afield driven by mutually beneficial partnerships.”

“As iGaming grows apace across the world, we remain perfectly positioned to embark on continued expansion across Europe and further afield driven by mutually beneficial partnerships.”

Tihomir Dyakov, COO of Inbet, added: “We are one of the most fast-growing betting sites in Bulgaria. Our main goal is to continue our great results in the first year of our market entry, and we believe that our partnership with Hacksaw will help us with that.”

Continue Reading
Advertisement

GambleDex

Advertisement
EveryMatrix


Trending

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2023 - European Gaming is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.