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Play’n GO signs up Softgamings to offer its full portfolio of games

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Play’n GO signs up Softgamings to offer its full portfolio of games
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SoftGamings is proud to announce Play’n GO as their latest partner that has innovative slot games that will be offered in SoftGamings’ portfolio to casino operators.

Play’n GO is an award-winning iGaming provider, supplying casino operators with their award-winning, state-of-the-art casino content. All certified by accredited test laboratories to facilitate the integrity, fairness and security of all its games.

Softgamings: foremost iGaming developer

SoftGamings is a leading iGaming developer offering top quality products and services that set the pace for the gaming industry. Since establishing themselves in 2007, the iGaming provider has grown tremendously, becoming a large brand with notable achievements to its name.
SoftGamings provides the iGaming market with a large number of cutting-edge products and services. They have over 40 top game providers and offer a unified API Integration package for casino operators, allowing them to seamlessly integrate games.
With the unique products and services that SoftGamings provides the iGaming industry, it remains the most dependable and trusted iGaming provider for casino operators.
The Head of Partnerships in SoftGamings, Irina Sazonova has this to say:

‘We are pleased with our corporation with Play’n GO. Since its launch in 2005, Play’n GO has gained much relevance and popularity in the industry, and it keeps moving forward to provide even greater experience to players and operators. It is fantastic to have to Play’n GO, the master of innovative slots, in our portfolio.”

Play’n GO- award-winning, innovative slots provider

Since its creation in 2005, Play’n GO have been creating innovative entertainment for the casino industry through both land-based and online channels; as well as game management tools and services to help operators provide top quality gaming experiences to their customers.

Play’n GO are passionate about crafting the most enjoyable slots to engage the casino audience, ensuring their games completely fulfil the demands of both players and operators.

With over a decade of experience, Play’n GO is now established as a global entity within the industry and is recognised as a trusted developer of quality entertainment. Its dedication to excellence has led to the company being recognised in the industry with multiple nominations and awards.

Magnus Olsson, Head of Sales and Account Management at Play’n GO, said:

“We look forward to a fruitful partnership with SoftGamings. Our dedication and hard work have made our offerings very popular among operators and their players, and we are very confident that SoftGamings operators will get the same high level of satisfaction our content currently brings to the rest of the industry.”

 

About SoftGamings:
SoftGamings is a B2B casino platforms provider and gaming systems aggregator. With over 10 years of experience in the industry, SoftGamings provides solutions demanded in the market and develops its own creative solutions – White Label, Turnkey, Self-Service, Bitcoin platform solutions, Bonus System Standalone feature, Sportsbook solution, Slots Bundle, Live Bundle and Casino Games Integration. SoftGamings’ strong IT team can also provide gamification possibilities, which is one of the major industry trends. Products portfolio includes 40+ gaming suppliers with 3000+ games. The company offers live dealer solutions from Evolution Gaming, NetEnt, Ezugi, Authentic Gaming, Lucky Streak etc, slots from NetEnt, Microgaming, BetSoft, Endorphina, Habanero, Booming Games, WorldMatch etc, sportsbook, hosting, licensing and banking services. Over 100 clients use SoftGamings products and services since 2007

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Industry News

Patrick Svensk Resigns as Chairman of Betsson

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Patrick Svensk, Chairman of the Board of Betsson AB (publ), has informed the Nomination Committee that he is resigning from Betsson’s Board of Directors and the assignment as Chairman with immediate effect. The Board has appointed Johan Lundberg, currently a member of Betsson’s Board, as the new Chairman.

Patrick Svensk has been a member of Betsson’s Board of Directors since 2005, and Chairman of the Board since 2017. The decision to resign from Betsson’s Board of Directors is based on the fact that the company’s major shareholders have stated that they no longer have full confidence in Patrick Svensk as Chairman of the Board. The lack of full trust is due to how the dismissal of the CEO was handled, which the company communicated in a press release on September 17, 2021.

“It is very sad, and I am sorry that I have disappointed our major owners, but I have done what I thought was best for the company. I am proud of what we have achieved during these years and wish everyone at Betsson great luck in the future,” Patrick Svensk said.

Johan Lundberg, who has been appointed as new Chairman by the Board, has been a member of Betsson’s Board since 2018. Johan Lundberg is the founder of NFT Ventures and a Board Member of Loomis, Svolder and Ölands Bank.

“I would like to extend a warm thank you to Patrick Svensk for his valuable contributions to the Board for almost 17 years. I look forward to continuing the work with the rest of the board to recruit the next generation of international leader to Betsson and at the same time complete the strategic work that is going on with renewal and growth,” Johan Lundberg said.

The Chairman of the Nomination Committee Michael Knutsson has expressed full confidence and support for the remaining Board members and its election of a new Chairman and supports the decision to seek the next generation of international leader for Betsson.

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Industry News

Holland Casino Expects Gains in H2 2021

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Holland Casino is preparing for recovery after a rough first half of the year, having been forced to close for more than 5 months due to measures taken against the COVID-19 pandemic.

As anticipated by the Dutch state-owned company, the extended closure had a negative impact on its financial results for the first half of the year. But as its 14 branches have been operating again since June 5, the operator now expects to post positive results for the second half of 2021.

Turnover achieved in June shows that Holland Casino will soon be able “to operate in a healthy manner” again. Moreover, after having completed “necessary restructuring,” the company expects to become a more efficient and agile organisation, according to a press statement released on Wednesday.

Turnover for H1 2021 posted a low €28.8 million. Net results for tax purposes amounted to a loss of €64.8 million, compared to a loss of €37.8 million over the same period in 2020, in which the company remained open for several months.

“Although Coronavirus also hit our company head-on in the first half of 2021, notably our anniversary year in which we celebrate 45 years in business, we still look ahead with confidence. All in all, Netherlands was deprived of legal casino offer for almost a year, but now that the measures are disappearing little by little, recovery is in sight,” Erwin van Lambaart, CEO of Holland Casino, said.

“We see bright spots in the potential offer of online games of chance as of October 1, for which we have applied for a license, and the opening of our new world-class casino branches in Venlo and Utrecht,” van Lambaart added.

CFO Ruud Bergervoet considers that having sufficient liquid assets in the past six months was key to the company getting through the difficult period of closure. That, along with the NOW scheme, the deferral of tax payments, strict cost control measures and tight operation management, led to the company being able “to safeguard the continuity” of its operations over the past year and a half.

“The significant tax debt of €190.5 million is offset by a strong liquidity position without bank debt. We are therefore considering paying off this tax debt more quickly if no new Coronavirus measures are introduced and the recovery actually continues. The results after June are promising in that regard,” Bergervoet said.

Despite all branches now being open, certain pandemic measures are still being enforced, and Holland Casino is receiving guests at limited capacity in its gambling venues. The company expects that these measures will be phased out, with the hope to open at full capacity and without restrictions “towards autumn.”

“We are also looking forward to the reintroduction of poker, live bingo and our NXT zones so that gaming can really be experienced together again. We also hope to be able to offer our bars and restaurants after midnight, which currently all close at midnight,” van Lambaart said.

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Singular Signs 100% of Shares to Flutter Entertainment

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Accountancy firms Crowe UK and Partis Capital have partnered to advise the shareholders of B2B software development company Singular on the sale of its business to Flutter Entertainment.

Singular will sign over 100% of its shares to operator giant Flutter and is the latest company to emerge from the partnership between Crowe and Partis, which provides a combination of M&A expertise and market access; aiding enterprises in the gaming sector with full support on all M&A advisory services.

Darko Gacov, Co-founder and Chief Business Development Officer of Singular, said: “This deal is a huge recognition of Singular and what we managed to build and it furthermore sets the foundation of an exciting next chapter. We look forward to exploring new challenges and opportunities, now being a part of the largest online betting and gaming company in the world.

“Working with Crowe UK, Partis Capital and DWF on the deal has been a really rewarding experience and their help and guidance throughout the process was invaluable in achieving an excellent outcome for the shareholders.”

Justin Edgar, Director at DWF, and Partner Edon Byrnes led the team who advised any legal aspects of the sale to the shareholders on the decision.

Partis Partners, Dan Beard and Stefan Hamann said: “The Crowe and Partis team have had the honour to support the strategic development of Singular over the past few years. It became apparent early in our collaboration that the Singular team had developed an industry-unique iGaming solution that created tremendous value for operators. We congratulate the Flutter and Singular teams on having the foresight to take advantage of this opportunity to create a very powerful partnership.”

Matteo Timpani, Corporate Finance Partner of Crowe UK, said: “It has been an absolute pleasure to support the Singular team throughout this transaction which represents another iGaming deal delivered by Crowe and Partis.

“The company and culture that the Singular shareholders managed to create is an amazing achievement. We look forward to watching both Singular and Flutter flourish following this important strategic acquisition and wish them every success in the future.”

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