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Platin Gaming signs agreement with Wazdan

Zoltan Tundik

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Wazdan has signed an agreement with Platin Gaming
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Wednesday, July 11; 2018, Malta – Malta-based software development company Platin Gaming has signed an agreement with award-winning slots producer Wazdan which will see their games featured on the site of their clients, including brands such as Tipbet.

Upon implementation, Wazdan’s latest HTML5 slots will be available for usage on casino sites, with customer favourites including Football Mania Deluxe, Hot Party Deluxe, Fruit Mania Deluxe and Sizzling777 Deluxe – and many more – all featuring in what is a major boost to the Platin offering. Each provides a unique gaming experience with bonus rounds, free spins and special features.

Wazdan will bring added quality to client sites, which already include hundreds of top slot games and plenty of different genres – from blockbusters to traditional betting classics like roulette, blackjack and poker.

Murat Gül, Chief Administrative Officer at Platin Gaming, said: “I am very pleased that we have joined forces with Wazdan, and their impressive selection of games is sure to be a hit with our clients’ websites. We are always on the lookout to further improve our game selection and it is great to find a partner whose values and business outlook goes hand in hand with ours.”

Andrzej Hyla, Head of Sales at Wazdan, said: “Wazdan is delighted to enter into this partnership with Platin Gaming after a busy year of signing operators, releasing new games, taking part in the big shows and opening our European office HQ in Malta.

“Platin is one of the fastest growing operators in our industry, so it is heart-warming for our team that they have become the latest operator to see the value in Wazdan’s technology-packed games. Our portfolio significantly contributes to our partner platforms and we are looking forward to a successful long-term partnership with them.”

Wazdan will be on stand T20 at iGB Live!

For further information visit www.wazdan.com

 

ABOUT WAZDAN

Wazdan is a popular game producer, developing innovative casino games that deliver original, fun and truly omni-channel player experience. Offering an extensive game library of over 100 HTML5 slots, table games and video pokers, Wazdan is gaining popularity on the iGaming market thanks to the great quality of their games, interesting themes and engaging gameplay. Wazdan’s game portfolio consists of such popular titles as Great Book of Magic Deluxe, Magic Target Deluxe, Valhalla and Wild Guns and soon will extended with new amazing slot games, including Los MuertosTM, Mayan RitualTM and Captain FlyntTM, among others. Wazdan releases new, exciting titles on a regular basis and equips them with Unique Wazdan Features: innovative Volatility LevelTM, exciting Unique Gamble Feature and mobile-friendly Energy Saving and Double Screen Modes. Wazdan holds a number of  European trademarks including for their world’s-first Volatility Level TM. Their extensive portfolio of clients includes some of the top gaming operations in the industry. The company is headquartered in Malta and holds licenses issued by the UKGC, the MGA and complies with Curacao regulations. Furthermore, their games use the RNG certified by the NMi, which ensures reliable, fair and secure gameplay. Wazdan’s Sales Team is showcasing their products at iGB Live! in Amsterdam from July 17th to the 20th.

 

ABOUT PLATIN GAMING

Since its 1995 establishment, Platin Gaming has grown to become a major company in the development of both online gambling and sports betting software, working closely with renowned third party providers to give unrivalled service.  They are strong in the development of specialised software and have a team of over 70 highly qualified technicians and developers from all over the world. Their offering includes a White Label solution which gives clients complete control over their brand, offering a tailor-made design, a branded sportsbook and a casino software with efficient support; nearly all languages and currencies are covered. This supports desktop PCs, smartphones and tablets with cross-platform compatibility. Other Platin software products include casino and virtual racing on top of a full marketing package, while land-based betting shops are also catered for with a comprehensive Turnkey solution.

Additional information on the company is available at: https://platingaming.com/

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.

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eSports

Esports Entertainment Group Announces the Engagement of Joseph Gunnar & Co. and Dinosaur Financial Group as Exclusive Investment Bankers

George Miller

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Esports Entertainment Group Announces the Engagement of Joseph Gunnar & Co. and Dinosaur Financial Group as Exclusive Investment Bankers
Reading Time: 3 minutes

ST. MARY’S, Antigua, July, 2018 — Esports Entertainment Group, Inc. (OTCQB:GMBL) (or the “Company”), a licensed online gambling company with a specific focus on esports wagering and 18+ gaming, is pleased to announce the appointment of Joseph Gunnar & Co., LLC and Dinosaur Financial Group, LLC as Exclusive Financial Advisors, Placement Agents and Investment Bankers for the Company.

As leading Wall Street investment banking and securities firms, they will be providing the Company with financial advisory services, in particular related to evaluating financing options. Additionally, the firms will also focus on assisting the Company in creating and executing new strategies for maximizing shareholder value through their full scope of investment banking services. The Company does not have a defined timeline for a financing and cannot provide any assurance whether or when a financing will be announced or consummated.

Grant Johnson, CEO of Esports Entertainment Group, stated, “We are very pleased to have engaged Joseph Gunnar and Dinosaur Financial as the Company’s exclusive investment banks. Joseph Gunnar and Dinosaur Financial both have a long history of assisting public companies raise additional growth capital. A financing, if successful, will allow the Company to significantly accelerate our growth plans.”

Stephen A. Stein, President of Joseph Gunnar & Co., LLC, stated, “Esports Entertainment Group is on the cutting edge of an exploding industry. We are very excited about teaming up.”

Arthur Whitcomb, Managing Director, Head of Investment Banking at Dinosaur Financial Group, LLC, stated, “Grant Johnson has positioned Esports Entertainment Group very well for significant growth.  We are pleased to be working with one of the only publicly traded small cap/micro-cap companies in this industry.”

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Joseph Gunnar & Co., LLC
Joseph Gunnar & Co., LLC is a full service broker-dealer and investment bank headquartered next to the NYSE in NYC. Its Capital Markets Group is dedicated to facilitating micro-cap company IPOs, secondary public offerings, PIPEs, up listings and advisory services. For more information visit https://www.josephgunnar.com/

About Dinosaur Financial Group, LLC
The Dinosaur Financial Group investment banking division covers the capital markets with full services across equity and debt for clients worldwide. It facilitates global equity and debt capital to finance corporate expansion, M&A, international trade and going-private transactions. Typical transactions may involve domestic or international growth companies looking for $10 million to $150 million. The company is based in New York, New York with additional offices in London, United Kingdom; Milan, Italy and Madrid, Spain.
For more information visit http://www.dinogroup.com

This press release is available on our Online Investor Relations Community for shareholders and potential shareholders to ask questions, receive answers and collaborate with management in a fully moderated forum at https://agoracom.com/ir/EsportsEntertainmentGroup

Redchip investor relations Esports Entertainment Group Investor Page: http://www.gmblinfo.com

About Esports Entertainment Group

Esports Entertainment Group Inc. is a licensed online gambling company with a specific focus on esports wagering and 18+ gaming. Esports Entertainment offers bet exchange style wagering on esports events in a licensed, regulated and secure platform to the global esports audience. In addition, Esports Entertainment intends to offer users from around the world the ability to participate in multi-player mobile and PC video game tournaments for cash prizes. Esports Entertainment is led by a team of industry professionals and technical experts from the online gambling and the video game industries, and esports. The Company holds licenses to conduct online gambling and 18+ gaming on a global basis in Curacao, Kingdom of the Netherlands and the Kahnawake Gaming Commission in Canada. The Company maintains offices in Antigua and Warsaw, Poland. Esports Entertainment common stock is listed on the OTCQB under the symbol GMBL.  For more information visit www.esportsentertainmentgroup.com
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FORWARD-LOOKING STATEMENTS
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

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BetConstruct Press Releases

Dedicated Live Bet on Poker table in Land-Based Casino

George Miller

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Dedicated Live Bet on Poker table in Land-Based Casino
Reading Time: 2 minutes

Within the framework of Vbet Russian Poker Tour, BetConstruct creates a unique experience for players by bringing the live casino from studio to Senator Casino in Tsaghkadzor, Armenia.

Being on the edge of technologies, BetConstruct crafts thrilling combinations of gaming solutions in order to provide the an unimaginable experience in our player-oriented environment. Adhering to that vision, this time BetConstruct created something special, mixing both land-based and live casino in our Bet-on-Poker solution.

During such a major event as Vbet Russian Poker Tour, BetConstruct offers a chance to live bet on poker games in real casino to online players. BetConstruct takes player involvement to the next level by connecting the online player with the person at a physical poker table in real casino , experiencing the thrill of the game. Bet-on Poker itself is created to provide poker experience with a real croupier in live casino. Players can follow every phase of the game to ultimately predict the outcome of the session via betting on the winner or winning combination. Connected with the game happening in the real casino, Bet on Poker is spiced up with a sport element, as there is a player and their behaviour could be a game-changing factor.

Tomorrow, as we eagerly believe at BetConstruct, one of the gambling pillars will be the merging of online and offline solutions. So today, BetConstruct partners can provide the above-mentioned experience to their players and even have their own authentic combinations of live and land-based casinos.

 

BetConstruct is an award-winning developer and provider of online and land-based gaming solutions with development, sales and service centers in 16 countries.BetConstruct’s innovative and proven offerings include an extensive range of products and services, including Sportsbook, Sports Data Solutions, Retail Solutions, RNG & Live Dealer Casino, VR Casino, Poker, Skill Games, Fantasy Sports, Social Platform and more. The latest addition is the industry-first complete management infrastructure, SpringBME (Business Management Environment).
All partners benefit from the BetConstruct Spring platform with its powerful back office tools and all-inclusive services that empower operators’ growth and help contain their costs. From stand-alone set up to turn-key and white label solutions, BetConstruct offers its partners unfettered opportunity to succeed.

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Gambling in the USA

Golden Entertainment to Acquire Two Laughlin, Nevada Casino Resorts

George Miller

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Golden Entertainment to Acquire Two Laughlin, Nevada Casino Resorts
Reading Time: 5 minutes

July, 2018 – Golden Entertainment, Inc. announced that it has entered into a definitive agreement with Marnell Gaming LLC, to acquire the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort in Laughlin, Nevada. The purchase price will be based on an 8.0x multiple of the combined trailing twelve months adjusted EBITDA of both properties as of November 2018, with a minimum price of $168 million and a maximum price of $190 million. Including expected cost synergies and cash acquired, the purchase price is expected to represent an implied trailing twelve months adjusted EBITDA multiple of 6.5x.

The purchase consideration will consist of $155 million of cash and the balance in restricted stock issued at a price of $28.54 per share.

The transaction will be financed with incremental debt under the Company’s credit facility and cash on hand. Pro forma for the transaction, the Company’s net leverage is expected to be below 5x at closing. The Company expects the acquisition to be cash flow positive and immediately accretive to operating results.

Blake Sartini, Chairman and Chief Executive Officer of Golden, said, “The acquisition of the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort provides us with an exciting opportunity to expand our portfolio to nine wholly-owned casino resorts in Southern Nevada, solidifying our presence in this growing and attractive gaming market. The transaction is consistent with our strategy to grow our business in an accretive manner for shareholders and Golden is uniquely positioned to benefit immediately from cost synergies related to the acquisition of these properties.”

The Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort collectively feature over 1,400 slot machines, 40 table games and 2,150 hotel rooms. The properties also feature eleven restaurants and dedicated entertainment venues including the Laughlin Event Center. The Laughlin Event Center is an outdoor arena with 12,000 seats and hosts multiple headline concerts and other events throughout the year. The two properties are adjacent to Golden’s current Laughlin property, the Aquarius Casino Resort, which features over 1,200 slot machines, over 30 table games and almost 2,000 hotel rooms. When combined, these three properties will be situated on 55 contiguous acres along the heart of the Laughlin Riverwalk.

Mr. Sartini added, “The Marnell family has a long history in the gaming industry including, designing, building and owning some of the most iconic resorts that now define the Las Vegas resort corridor. Over the past several years, Marnell Gaming has taken their expertise and created a significant hotel, casino and entertainment presence in Laughlin, and we are excited to build on these well positioned properties. As a result of this transaction, I am pleased to welcome Anthony Marnell III as a shareholder of Golden Entertainment.”

The transaction is expected to close in the first quarter of 2019, subject to customary closing conditions and the receipt of all required regulatory approvals.

Latham & Watkins LLP served as legal advisor to Golden Entertainment for the transaction. Holland & Hart LLP served as legal advisor to Marnell Gaming.

 

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected impact of the acquisition of Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort on the Company’s operations and statements regarding the anticipated timing of closing of the acquisition. These statements can be identified by the use of forward looking terminology such as “expects,” “believes,” “estimates,” “projects,” “intends,” “plans,” “seeks,” “may,” “will,” “should” or “anticipates” or the negative or other variations of these or similar words, or by discussions of future events, strategies or risks and uncertainties. Although the Company believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business, there can be no assurance that actual results will not differ materially from our expectations. Meaningful factors that could cause actual results to differ from expectations include, but are not limited to, risks related to the acquisition of the Edgewater Hotel & Casino Resort and the Colorado Belle Hotel & Casino Resort operations by the Company and the integration of the business to be acquired; the possibility that the proposed transaction does not close when expected or at all because required regulatory or other approvals are not received or other conditions to the closing are not satisfied on a timely basis or at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; potential litigation challenging the transaction; the possibility that the anticipated benefits of the transaction are not realized when expected or at all, including as a result of the impact of, or issues arising from, the integration of the companies; our ability to realize potential synergies or projected financial results; and other factors as discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, each as filed with the United States Securities and Exchange Commission. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release may not occur.

 

Non-GAAP Financial Measures

To supplement the Company’s and the property’s financial information presented in accordance with United States generally accepted accounting principles (“GAAP”), the Company uses Adjusted EBITDA, which the Company believes is appropriate to provide meaningful comparison with, and to enhance an overall understanding of, the Company’s and the property’s financial performance. The Company believes Adjusted EBITDA provides useful information to both management and investors by excluding specific expenses and gains that the Company believes are not indicative of core operating results. Further, Adjusted EBITDA is a measure of operating performance used by management, as well as industry analysts, to evaluate operations and operating performance and is widely used in the gaming industry. Other companies in the gaming industry may calculate Adjusted EBITDA differently than the Company does.

The presentation of this additional information is not meant to be considered in isolation or as a substitute for measures of financial performance prepared in accordance with GAAP.

The Company defines “Adjusted EBITDA” as earnings before interest and other non-operating income (expense), income taxes, depreciation and amortization, acquisition expenses, loss on disposal of property and equipment and other gains and losses. The Company defines “net leverage” as total debt less cash, divided by Adjusted EBITDA for the twelve months prior to the measurement date.

 

About Golden Entertainment, Inc.

Golden Entertainment, Inc. owns and operates gaming properties across two divisions – resort casino operations and distributed gaming. The Company operates approximately 16,000 gaming devices, 116 table games, 5,168 hotel rooms, and provides jobs for over 7,000 team members. Golden Entertainment owns eight resort casinos – seven in Southern Nevada and one in Maryland. Through its distributed gaming business in Nevada and Montana, Golden Entertainment operates slot machines at over 1,000 locations and owns nearly 60 traditional taverns in Nevada. The Company is licensed in Illinois to operate video gaming terminals. Golden Entertainment is focused on maximizing the value of its portfolio by leveraging its scale, leadership position and proven management capabilities across its two divisions. For more information, visit www.goldenent.com.

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