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Vereeni Investments and RB Capital take significant stake in Green Jade Games

George Miller

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Vereeni Investments and RB Capital take significant stake in Green Jade Games
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Venture capital fund Vereeni Investments and investment & MA brokerage RB Capital have made a significant investment to purchase a 25 percent share in innovative casino supplier Green Jade Games.

The Malta- and UK-licensed Green Jade has earned plaudits for its creative casino content and has struck deals with some of the biggest operators in the industry, including Kindred Group.

The six-figure investment will help supercharge Green Jade’s already impressive growth, not only via additional capital but also by plugging the company into Vereeni’s network of high-performing gaming companies.

Timothy John Heath, founder and CEO of Vereeni Investments, said: “Vereeni loves nothing more than investing in high-growth, high-potential gaming companies, and Green Jade really ticks all the boxes.

“Green Jade is led by experienced management that has the confidence, ability and creativity to push boundaries in our industry.

“We can already see from Green Jade’s content that this is a special team, and we are certain that the extra support we can provide will help them take things to the next level.”

Julian Buhagiar, co-founder of RB Capital, said: “Working with Jesper, Ben and all the team at Green Jade is a truly exciting opportunity. The team is backed by some of the best investors in the business, and in just a few months they have built some of the best engaging IP in this industry.

“It’s a pleasure to be involved in such a unique business, and we are very confident about the long-term prospects for Green Jade.”

Benedict McDonagh, managing director of Green Jade Games, added: “As a relatively young company in this space, the only way we can succeed is by creating the type of game-changing casino content that operators simply cannot do without.

“We have accepted this investment from Vereeni and RB because it not only allows us to scale our growth, but also provides access to an unparalleled network of iGaming expertise. We are absolutely delighted to be opening the next chapter in the Green Jade story alongside our investors.”

Green Jade Games is the latest beneficiary of Vereeni’s €100 million ‘Level Up’ tech fund, joining other promising early-stage ventures spanning the fields of fintech, online gaming, business intelligence, insuretech and blockchain verticals, including Global Gaming, OneTouch and Kalamba Games.

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Compliance Updates

Dutch Gambling Regulator Supports Removal of Gambling Machines from Family Arcades

Niji Narayan

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Dutch Gambling Regulator Supports Removal of Gambling Machines from Family Arcades
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Dutch gambling regulator Kansspelautoriteit (KSA) has ruled that Dutch arcades can no longer run machines based on games of chance in a move to preserve and protect the family environments of arcade venues.

The KSA compliance was sponsored by the Family Entertainment Centers Nederland (FEC Nederland) of the Netherlands arcade trade body, which wrote to representatives to accept the KSA’s system removal action plan.

The KSA claimed in its ruling that the general make-up of venues has changed dramatically, with games of chance machines in entertainment centres frequently serving as the first point of contact for underage gambling interactions.

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Industry News

Synot Games Partners with Online Casino Wunderino

Niji Narayan

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Synot Games Partners with Online Casino Wunderino
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Synot Games has entered into an igaming distribution deal with online casino operator Wunderino.

“Adding our games to the Wunderino online casino is a true privilege and a great omen of exciting things to come before the end of the year. Both teams have worked on this with full dedication and a common goal in mind: Providing the best to the players,” Martina Hrabinska, CCO at SYNOT Games, said.

Wunderino was launched in the spring of 2016 by i-gaming veterans to offer more than just the “regular” casino experience by focusing on innovative user experience and entertaining gamification elements in addition to a large selection of games.

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Merkur Gaming to Give Live Stream Presentation of New Product Developments

Niji Narayan

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Merkur Gaming to Give Live Stream Presentation of New Product Developments
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Merkur Gaming is going to implement new initiatives and strategies to recover from the Impact of COVID-19.

Merkur Gaming’s chief executive, International, Athanasios ‘Sakis’ Isaakidis, is at the forefront of supporting the Merkur Board and bringing to fruition new initiatives for the short term and also the strategies that will be necessary as more familiar business levels resume. “We are not on holiday and we are not sleeping” he said “we are working very hard to support our customers, in whatever they need, during these difficult times.”

Mr. Isaakidis went on to explain a brand new initiative that is just one example of the efforts being made to support Merkur Gaming’s customers.

He said: “What we will be bringing to our customers, starting in early November, will be a live stream presentation from our showroom in Luebbeke. This is not a ‘virtual’ event. Our invited customers will each be hosted by their own, familiar, company representative, and in real time. They will be able to see our new products, our new cabinets and our new games, discuss them one-to-one, ask any questions they have and so get a very valuable first insight into what will be available from Merkur Gaming. I promise you, it will intensive and it will be exciting. Exciting for us to be able to see our customers’ reactions and exciting for them to be up to speed with what we are very confident will be major hit products on gaming floors soon.”

Mr. Isaakidis went on to talk about where gaming is taking place successfully at present. “We are, of course, encouraging the industry to ‘Restart with Merkur’ and, in quite a few locations, that is already happening. Our business in Eastern Europe, in the Balkans particularly, is as healthy as it can be in the current situation. In Serbia, Croatia, Montenegro and Macedonia gaming entertainment is doing well. The recent announcement of the new gaming law in the Ukraine is truly exciting and we want all our customers and business partners to know that Merkur is coming, and we expect to be a major supplier there. Early 2021 will see the first installations in the Ukraine and there will be some exciting new developments in Bulgaria also.

In our home market, Germany, casino operations are doing well and the Gauselmann Group’s mainstay, the many gaming arcades that we operate, are active and providing players with the high class gaming entertainment that they have come to expect. In this the existing regulations that gaming arcades must comply with have helped meet the primary need of keeping both players and our staff safe and well. It is mandatory to provide ample space between each gaming machine and that, combined with the highest levels of social distancing, sanitation and protective shielding from machine to machine, has given our loyal players the confidence to return, and in ever increasing numbers.

Despite all of the difficulties of the past months the entire Merkur Gaming team is looking forward to the challenges, and the opportunities, that lie ahead. We have always been passionate about our place in the national and international gaming industry and, right now and into the future we are focusing on keeping that passion and looking forward to what will certainly be a bright future.”

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