Curacao-based digital entertainment company Patagonia Entertainment signed a content agreement with Hacksaw Gaming, a mobile-first developer based in Malta.
As per the deal, Patagonia Entertainment will integrate a wide selection of outstanding scratch card products from the Hacksaw portfolio and will integrate more in future. Hacksaw Gaming has licenses in multiple jurisdictions and its scratchcards have an RTP ranging between 50 and 80 per cent for high margins, the addition of speed helps increase profits. Big jackpots are on offer for players, who can win up to €500 000 on a single scratchcard. The games act as the perfect tool for companies looking to, market and acquire new customers at low costs.
Patagonia Entertainment’s Global Business Development Manager Victor Arias said: “Integrating Hacksaw Gaming’s content onto our platform builds on a great start to 2019. Its visionary games fit our brand perfectly and the results speak for themselves.”
Marcus Cordes, COO at Hacksaw Gaming, said: “Hacksaw Gaming was founded with a vision for revolutionising scratch cards and we are delighted this has been recognised by Patagonia Entertainment, which has shown great enthusiasm for our products.”
About Patagonia Entertainment:
Patagonia Entertainment is a truly omni-channel iGaming platform servicing both new and established online and land-based operators. The company began life in Video Bingo game development and is still known for creating the most innovative titles on the market. Video Bingo is a hybrid between Bingo and Slot games. The company has managed to become one of the most popular game developers in the Latin American market and are rapidly growing into other markets. More information about Patagonia Entertainment can be found at www.patagonia-e.com.
Gaming Innovation Group: Share issue
Reference is made to the announcement from Gaming Innovation Group Inc. (GiG) on 15 December 2022 regarding the acquisition of casino affiliate websites Askgamblers.com, Johnslots.com, Newcasinos.com and several smaller domains from Catena Media Plc.
As stated in the announcement, GiG will finance part of the initial consideration through a share issue and the Board of Directors has approved commitments of EUR 10.2 million from a group of investors to finance the equity part of the acquisition. Pursuant to agreed terms, the share price has been set to NOK 25.61, which represent a discount of 2.6% from the volume-weighted average share price for the GiG share so far in 2023.
4,267,112 new shares will be issued, and the number of outstanding shares will increase by 3.5%, from 122,786,526 to 127,053,638. The new shares are expected to be issued and admitted to trading next week and will be issued under the Company’s 150,000,000 authorized shares.
Closing of the acquisition is expected by end of January 2023.
Euromat Adds Spain to its Growing Membership
The European federation of gaming machine trade associations, Euromat, has added Spain to its membership.
The organisation has welcomed the Club de Convergentes as its 14th country member. Novomatic, Merkur, Zitro, Aristocrat and Bally Wulff are among the Club de Convergentes’ members.
Euromat now covers 11 countries and has nine corporate members. Last year it added Serbia and three new corporates into its membership.
Bernhard Teuchmann, president of the Club de Convergentes, said: “Joining Euromat and collaborating more closely with our colleagues across Europe reflects our desire to continue to grow our sector responsibly and ensure that we have the best possible offer for our customers.
“We want to play our role in helping to raise the standards for our industry across Europe and learn from the experience of others.”
Euromat president Jason Frost said: “Having the Club de Convergentes in Euromat is a vote of confidence in our association and its capacity to benefit its members.
“The Club de Convergentes shares our belief that our industry is stronger when working together to share knowledge and expertise, while always making the case with policymakers for a better business environment.”
Spain’s DGOJ to Review “Sales Authorisation” of ONCE and SELAE
Spanish lotteries ONCE and SELAE will be reviewed by the DGOJ – Spain’s directorate for gambling – in relation to how lottery games are marketed and sold to the public.
Spanish gambling and media stakeholders have been informed of the DGOJ’s consultation, which seeks feedback on the “commercial marketing of lottery games” allowed across Spain’s autonomous provinces.
The consultation will be open to responses until March 31, with the directorate highlighting that it required necessary feedback from Spanish media and public vendors of ONCE and SELAE games.
As stewards of Spain’s national lotteries, ONCE – the lottery for the disabled – and SELAE, the lottery for Spanish societies/charities, are allowed to authorise the sale of tickets and games via “public vendors” be it cafes, restaurants, tobacconists, retail shops, etc.
However, the DGOJ has highlighted that in recent years the Spanish public has witnessed an increase in the number of websites and online applications selling ONCE and SELAE games as authorised vendors.
Concerns have been raised on whether online vendors offer appropriate customer protection and guarantees on tickets sold to the public for ONCE and SELAE draws.
Spanish lotteries differ from other European nations, as customers purchase tickets with pre-printed numbers, participating in ballots to win a % share of a community jackpot – rather than the single draw format, which rewards an individual winner.
The unique format ensures that Spain maintains Europe’s most popular national lotteries, featuring the Christmas “El Gordo” and “El Nino” draws, which have distributed over €2.5bn in prizes to customers.
The DGOJ underlined the importance of its consultation to ensure that Spanish lotteries are free from corruption and to protect Spanish consumers from fraud.
nanocosmos is kicking off its 25th anniversary at ICE London 2023 to present refined features for real-time streaming at booth N9-322
MGA Games presents Circus Mystery, the first slot game on the market featuring mini-games with hidden objects
Red Tiger’s Blood Suckers™ Megaways™ Allows Players to Hunt Down Creatures of the Night in Epic Revamp
Guild Esports pro-player has $1 million MrBeast win verified
Tom Horn Gaming announces unlimited paid leave policy
What are the Hottest iGaming Trends for 2023? SOFTSWISS shares expert industry report
THE BIATHLON INTEGRITY UNIT AND SPORTRADAR INTEGRITY SERVICES PARTNER TO SAFEGUARD COMPETITIONS
Operation ‘Cheap Ink’: EPPO cracks down on €58 million VAT fraud involving office supplies
BetConstruct Approved by MGA to Allow Player Deposits in Cryptocurrencies
Most Secure Bitcoin Casinos To Play In 2023
Revenant Esports onboards distinguished athlete Tejas Sawant to reinforce its Valorant roster
Spain: Overcoming difficulties in the online market
Mobinc: Turning the tables
Nominations period open for the BSG Awards 2023 & BTECH Awards 2023 (Riga, Latvia – 16-17 May)
Pollard Banknote Awarded Instant Scratch Ticket Contract By Norsk Tipping
PAGCOR WARNS PUBLIC AGAINST PLAYING IN ILLEGAL ONLINE GAMBLING SITES
eSports7 days ago
PAGCOR remits over P250 million to PSC
Gaming Awards7 days ago
Betcris to participate in ICE London in February
eSports7 days ago
Go Mate Partners with International Football Legend and Iconic Esports Organization to Launch Workout Plan For Gamers
eSports7 days ago
Opera GX becomes Lead sponsor of esports team Moist Esports, extending partnership with YouTuber MoistCr1TiKaL
Latest News6 days ago
Enteractive takes over SkyGarden for ICE ’23 networking event
eSports6 days ago
Tears, Anger and Cheers: ESL and BBC Studios present the esports documentary “Game and Glory”
Eastern Europe7 days ago
Digitain Opens New Office in Romania
Asia7 days ago
Alvin Chau Sentenced to 18 Years in Prison