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Gaming Innovation Group: The Nomination Committee’s proposal for election of Board members 2024
Gaming Innovation Group Inc. (“GiG”) advances according to plan with its strategic split of its Media and Platform businesses by distributing GiG Platform to its shareholders. As part of this process, the nomination committee of GiG (the “Nomination Committee”) has reviewed and evaluated two separate board compositions with the aim to optimise the growth opportunities for each business entity.
GiG Media will continue to operate under GiG’s current corporate structure, with GiG serving as its listed holding company. GiG Platform, currently operated as a subsidiary of GiG, will be spun off to GiG’s shareholders later this year. The board of GiG Platform will not be elected during GiG’s annual general meeting but will be elected separately during the relevant subsidiary’s annual general meeting. The majority of GiG’s current board members will be elected to the initial board of GiG Platform, with the exception of Karolina Pelc, who has declined re-election due to other commitments. The board of directors for GiG Platform will thus include Petter Nylander as chairman, along with Nicolas Adlercreutz, Mikael Riese Harstad, Hesam Yazdi, Tomasz Juroszek and Steve Salmon as ordinary board members.
The Nomination Committee’s proposal
For GiG, and thereby the continued operation of GiG Media, the Nomination Committee has decided to propose that GiG’s Annual General Meeting 2024 approves the following proposals regarding the number of board members and election of board members.
The Nomination Committee proposes that the number of members of the Board of Directors of GiG shall be five. For the period until the next Annual Meeting of Shareholders, the nomination committee proposes that:
Mikael Riese Harstad and Hesam Yazdi are to be re-elected as members of the board.
The following new board members shall be elected to join the board:
Cristina Romero de Alba,
Mateusz Juroszek and
Nicholas Batram.
Mikael Riese Harstad is to be elected as the Chairman of the Board of Directors.
Cristina Romero de Alba has a versatile background in finance and law, serving as a partner at LOYRA. She leads one of the most prominent M&A and regulatory practices in the gambling and betting industry, with a particular emphasis on the Americas. Over her 12 years of industry experience, she has provided counsel to institutional and strategic investors, operators and suppliers across more than 30 countries. Additionally, she holds positions as a board member at the ICRG (International Center for Responsible Gaming) in the US and at OMNIGAME in Denmark. Furthermore, she actively supports ALANTRA, a listed financial services group, in their Latin American strategy within asset management. Cristina anticipates contributing to the growth of GiG’s business in the promising LATAM region. She is a Spanish citizen born in 1981 and does not hold any shares in GiG.
Mateusz Juroszek has 20 years of involvement in the gambling sector, primarily as the CEO of Poland’s largest bookmaker, STS, from 2012 to 2023. He has also served as an investor in various gambling ventures worldwide. During his tenure, STS witnessed revenue growth and ascended to become Poland’s leading bookmaker, propelled by innovative sports betting and technological solutions. Notably, he transitioned STS from a retail-oriented model to an online platform, with a specific focus on mobile integration. In 2021, he successfully oversaw STS Group’s IPO on the Warsaw Stock Exchange, achieving an €850 million capitalization. Subsequently, in 2023, Juroszek facilitated the sale of a majority stake in STS Group, integrating it into the Entain Group through the Entain CEE vehicle, a joint venture of the London-listed Entain Group, EMMA Capital, and the Juroszek family (~10%). This transaction valued STS Group at €880 million. Juroszek also holds a position on the board of directors at STS. Furthermore, he has founded Betplay Capital, one of the largest investment funds in the iGaming sector, managing approximately EUR 650 million. Juroszek, a graduate of the Faculty of Strategic Management at Kozminski University in Warsaw, is a Polish citizen born in 1987. He indirectly holds 19,424,518 shares in GiG through his own and family-owned companies.
Nicholas (Nick) Batram recently established his consulting business after serving as Group Director of M&A and Corporate Development at Entain plc, a leading gaming company and a constituent of the FTSE100. During his eight-year tenure at Entain, Batram played a pivotal role in the group’s expansion and geographic diversification, overseeing over 20 transactions totalling approximately $10 billion across various regions. Before joining Entain, he accrued around 30 years of experience in the finance industry, specializing in Leisure & Gaming. His expertise was recognized when he was voted the No.1 Leisure & Gaming analyst in the Extel Survey as voted for by corporates. Batram, a citizen of the United Kingdom born in 1968, does not hold any shares in GiG.
The Annual General Meeting will be held on May 22, 2024, in Stockholm, Sweden. The Nomination Committee’s full proposals and motivated statement will be released in connection with publication of the notice of the Annual General Meeting.
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Pirate Multi Coins – Feature-rich New Title from Fantasma Games
Slots players are taken on a swashbuckling adventure as they seek to unlock the Golden Chest in latest release from Fantasma Games
Pirate Multi Coins, a 6 reel, 5 position slot, is the latest title to hit the market from the Stockholm-based developer, Fantasma Games.
Golden Multi Coins are the key to unlocking big wins and features, with a random number of Coins appearing on each spin. Coins can hold either a monetary or multiplier value, and landing five on a spin awards all values shown.
In a break from standard slots, Pirate Multi Coins features no set paylines, with wins achieved when eight or more matching pay-symbols appear anywhere on the thirty-position matrix. Each win combines those symbols into another Coin, helping trigger the Multi Coin feature. The remaining spaces are filled by an Avalanche, which is Fantasma’s proprietary take on cascading reels.
Another air of suspense comes in the form of the Golden Chest at the top of the playing area. Any Coins landed during a spin which does not trigger the Multi Coin feature are added to the Golden Chest. The Golden Chest can trigger during any base-game spin where a coin is added to the chest, which rains more coins down upon the reels, guaranteeing a Multi Coin feature.
Finally, there is also a Free Spins feature, where landing four or more Scatter symbols awards fifteen free spins. Retriggers are also available during the feature, with three Scatters awarding five more free spins, and four Scatters awarding an additional fifteen spins!
Pirate Multi Coins comes with RTP options of 86%, 94.35% and 96.08%, sits at the medium range of the volatility scale and has a max win potential of 4999.x. It features a Scatter Boost option as well as a Bonus Buy for jurisdictions where this is applicable.
Fredrik Johansson, Founder and CEO of Fantasma Games, said: “In our first venture into the quintessential Pirate slot theme, Pirate Multi Coins brings a host of great features to all types of players.
“With multiple ways to trigger our various features as well as a medium level of volatility, we hope that it really appeals to every type of slots’ fan looking to find some buried treasure.
“Pirate Multi Coins takes to the high seas in thirty-four languages across our network of amazing operator partners on April 30th.”
Casino Games
BetMGM is launched in the Netherlands, bringing an authentic Vegas experience to the Dutch market
The golden Vegas offerings and entertainment of BetMGM is coming to the Netherlands, following a successful launch in the UK. BetMGM will offer a best-in-class Las Vegas experience to deliver a new golden era of online casino and sports betting in the Netherlands. Leveraging LeoVegas Group’s proprietary technology and platform, the launch marks a significant step in the brand’s international expansion.
BetMGM, the entertainment and sports brand known for its golden offerings and authentic Vegas experience, is launching in the Netherlands. The new brand is set to provide customers with exciting new product features, including large-scale jackpots, loyalty rewards, exclusive slots, as well as unique and compelling sports promotions. Utilising LeoVegas Group’s proprietary technology and platform, this expansion into the Dutch market represents the second European launch, succeeding a well-received rollout in the United Kingdom.
Gary Fritz, President of MGM Resorts International Interactive, said “We are thrilled to launch BetMGM in the Netherlands and build on BetMGM’s successful expansion into global markets. The Dutch market offers an exciting opportunity and will be an important part of our international expansion efforts and strategy to become a global gaming leader.”
Gustaf Hagman, Group CEO at LeoVegas Group, said “Our launch in the UK was tremendously successful, and we eagerly anticipate bringing the golden Vegas experience to the Netherlands. This launch in the Dutch market is an important step in our international expansion, but we have much more in store.”
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New focus for safer gambling as Clarion confirms launch of Sustainable Gambling Zone
The Consumer Protection Zone (CPZ), which since its launch at ICE 2018 has developed to become the highest profile feature on the ICE show floor has been re-branded to become the Sustainable Gambling Zone (SGZ).
The strategic decision has been taken following extensive stakeholder consultation and is set against the heightened importance placed on proactive customer interventions at earlier stages of the player journey.
The SGZ will be debuted at July’s iGB L!VE prior to its official launch at ICE 2025, the first edition of the industry’s most influential b2b gaming show to be held at its new home in Barcelona
Clarion Gaming’s Director of Industry Insight and Engagement, Ewa Bakun, who has seen the CPZ develop to become the key platform for the industry to advance its understanding and implementation of safer gambling measures and raise standards said: “I must stress that this is much more than just a cosmetic exercise. Instead, the Sustainable Gambling Zone, with its refreshed focus, will engage with the broader stakeholder group of operators who are focused on long-term sustainability, something which goes way beyond simply meeting the regulatory mandate.
“The overarching objective of the Sustainable Gambling Zone is to be at the vanguard of initiatives to help develop healthy play from the outset which includes the incorporation of safer gambling considerations from the very start rather than as a compliance requirement.
“While not yet standard across the whole of the industry, this more holistic approach underpins the safer gambling dynamic. Its goal is to create a more sustainable business in which players continue to enjoy their gambling entertainment experience with the small proportion who are at risk of developing problems pro-actively identified and assisted by operators.”
Clarion Gaming Managing Director, Stuart Hunter added: “The relocation to Barcelona will enable us to expand the ICE and iGB Affiliate offerings but also raise the bar in terms of what we already deliver on behalf of the international industry.
“The intended broader appeal of the Sustainable Gambling Zone dovetails with our relocation and will bring the SGZ closer geographically to continental Europe and closer culturally to the Latin American markets that we serve.
“Barcelona will open a new chapter for ICE/iGB Affiliate and their respective features, not least the Sustainable Gambling Zone.”
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