Press Releases
Having a responsible gaming strategy is good for prospective buyers, advises Blackstone MD, Haide Hong ahead of appearance at iGB Live! HQ
London, July 6, 2018 – Gaming owners wishing to make their businesses more attractive to potential buyers, would be well advised to have in place a credible strategy around responsible gambling, according to Haide Hong, Managing Director of The Blackstone Group and a key note at The Boardroom, one of four immersive learning environments being featured at the first iGB Live! (17th – 20th July 2018, Amsterdam RAI).
Mr Hong, who has been involved with the analysis and execution of a number of high profile private equity investments, believes Environmental, Social and Governance (ESG) is becoming more of a consideration for prospective buyers. He explained: “Businesses should focus on having a cogent strategy and delivering on that. Prospective buyers will care about financial performance, scalability – but also the quality of the management team and assets they will be acquiring, and if there is a differentiated ‘story’ they are buying into. But ESG is also an important factor – buyers would like to know that prospective acquisitions care about responsible gaming and that companies have a credible strategy around that.”
Despite its vulnerability to regulatory control he believes that gaming remains attractive to investors. “Gaming is a large, global business with strong cashflow generation and opportunities to buy/create scale market leaders – hence the interest to private equity” he advised. “It is right that regulation is a key risk and consideration whenever one evaluates investments in gaming – and we have a strong focus on that as part of our diligence process on every potential investment.”
“There is general consensus that online gaming will grow faster than land based – but land based will continue to grow. As such, one should expect to see more investment in online, but land based gaming can still offer attractive opportunities.”
He confirmed the rule that multiples ultimately have reference to the prospects and qualities of each individual business and that they have in general increased relative to the crash years of 2008 – 2011, with Blackstone typically triangulating between EV / EBITDA, P/E and EV / EBITDA-Capex multiples.
Mr Hong will be the keynote speaker in The Boardroom and his session will be taking place between 14:00 – 15:00 on the 18th July 2018 in the iGB Live! HQ area. iGB Live! HQ is the paid for conference and networking area with The Boardoom hosting the keynote sessions.
Sadie Walters part of the Clarion Gaming team responsible for creating the feature, said: “While The Boardroom may be the most conventional of the events four learning areas, its content is far from ordinary. Attendees will be able to see how the rest of the world innovates, learn from elite level influencers and innovators, be inspired by those outside the industry who are ripping up the rule book and rewriting the way we work and leave The Boardroom with a head full of new ideas and a pocket full of tools to put them into action.”
iGB Live!, is a consolidated three brand event and the biggest dedicated igaming exhibition and conference in the world. Part of Clarion Gaming’s commitment to streamline the events calendar, iGB Live! has been curated to meet stakeholders networking, education and business needs, in the process delivering a unique opportunity to engage across the entire igaming space.
For more information on The Boardroom and the featured elite level influencers and innovators, visit: www.igblive.com/igb-live-hq
Gaming
Nolimit City revisits the brutal factory life in Outsourced: Slash Game
Nolimit City takes you back to the grind with its latest release, Outsourced: Slash Game. For those who thought their consumerist cravings were a safe indulgence, think again. Following in the footsteps of Outsourced, this new addition pulls back the curtain on the sweat and sacrifice lurking behind those everyday luxuries—this time with a dash of danger. Outsourced: Slash Game is the studio’s second venture into crash-style gameplay, the first being xCrash™ in Skate or Die – but this time it’s a standalone crash game!
In Slash Game, players have to make some cutthroat decisions as a laser traces the outline of their hand, increasing the multiplier with every pass. Players hit “stop” to cash out, locking in the multiplier when they feel the timing is right. After which, they will be shown the potential winnings if they wouldn’t have stopped. But here’s the catch: if players hesitate a second too long and the laser slips, all the winnings are lost. A live scoreboard displays the Top Win, Top Miss and Last Round, so that players can keep track of their previous rounds.
Outsourced: Slash Game is not a familiar Nolimit City slot to some players but could cause some excitement with an increasing multiplier and a maximum payout of 1,500x the base bet. Outsourced: Slash Game, unlike Nolimit City’s high-volatility slots, is rated as ‘Medium Volatility’ but don’t let that fool you as it still includes the risk of losing your hand.
Per Lindheimer, Head of Product at Nolimit City, said: “Get back to work, will you? We’re bringing players back to the unrelenting factory floor of Outsourced with an all-new twist. Slash Game is a standalone take on our crash-style games, and it’s packed with plenty of heart-stopping moments (and maybe a few hand-stopping ones, too). We’re thrilled with how it turned out and we hope that our fans will be too!“
‘Outsourced: Slash Game’ will be available to all Nolimit City partners on November 5th, 2024.
Compliance Updates
Aviatrix flying in Italy following certificate approval
Aviatrix, the groundbreaking crash game renowned for its unique engagement mechanics, is building new partnerships in Italy following the granting of a certificate in the country.
The Italian certificate enables Aviatrix to collaborate with operators regulated by the Agenzia delle Dogane e dei Monopoli, introducing casinos fans in Italy to the award-winning game for the first time.
Players at many of the biggest brands in Italy will soon be enjoying Aviatrix.
Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “We are excited to be bringing Aviatrix to players in Italy for the first time. This is a market where innovation and player engagement are highly valued, so we’re certain our product will be a great fit. And more than that, we have an opportunity to play a central role in one of Europe’s most vibrant online gaming cultures. We can’t wait to get started with operators in the country.”
Aviatrix is fast establishing itself as an important game in regulated jurisdictions, as it already is in emerging ones.
Latest News
Set sail on a pirate quest with Belatra’s Tortuga Codex
Belatra Games, the specialist online slots developer, has launched its pirate-themed title, Tortuga Codex. This 5×4 slot casts players on a journey on the hunt for untold riches buried on a mysterious island.
A Skull symbol acts as the Wild and will substitute for any other symbol to increase the chances of a win. An intriguing element to the game lies in the Additional Reel feature which sits above the main frame. It’s in sync with the main reels, displaying Wild symbols, special pirate icons, and numbers from one to nine. When three or more bomb Scatters come in, numbers on the Additional Reel become active multipliers in the bonus game. The more Scatters appear, the higher each multiplier value, amplifying the potential winnings.
In the main game, the Wild scatters a random number of Wild symbols onto the reels if there is a Scatter underneath it. When the Bonus Game is hit, the Wild symbol will be replaced by the number 9. Pirate Bob, Pirate Patrick and Pirate Girl symbols replace all minor symbols if there is a Scatter symbol underneath them. These symbols will be replaced by the numbers 8, 7 and 6 respectively.
The Treasure Chest symbol awards players with a random win ranging from 5 to 1000 bets if there is a Scatter symbol under it. This symbol is replaced by the number 5 when the Bonus game begins. A Coin gives the player a win of 10 bets on the game if there is a Scatter symbol underneath it – transforming into the number 4 for the Bonus. All numbers on the Additional Reel that fall out or appear in place of symbols will go into the Bonus Game when three or more Scatters appear on the reels. Hitting four Scatters will increase each number by one, landing five Scatters will increase each number by three – the maximum is nine.
Players trigger the Bonus Game with three or more bomb Scatters. Before it begins, the first and second cells open up on the Additional Reel at the top, then players must choose a chest that contains either a Plus, Multiplier, or a noose, which concludes the round. As players move down through the levels, the multipliers can increase depending on the chest’s bounty – the maximum is 59049x.
Sergey Chernyavski, Belatra Games’ CCO, said: “Tortuga Codex takes players deep into the perilous seas filled with hidden mysteries, legendary treasures, and ancient artefacts waiting to be uncovered on the reels. The Bonus feature gives players the perfect opportunity to chart a course to winnings.”
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