Connect with us

Latest News

Better Collective establishes new Management Incentive Plan for management and key employees of Action Network

Published

on

Reading Time: 2 minutes

 

The board of directors (the “Board”) of Better Collective A/S has today decided to implement a new management incentive plan (the “MIP”) for the management and certain key employees in Action Network in the form of performance share units and share options.

The MIP has been designed by the Remuneration Committee and approved by the Board in Better Collective A/S with the focus to appropriately retain, motivate and reward the management and selected key employees in Action Network and to further align interests between participants in Action Network with those of Better Collective A/S’ shareholders. Better Collective’s management and Board has found it important to install a new MIP following the acquisition as the MIP replaces prior incentive programs that lapsed in connection with the recent acquisition of Action Network. The key performance drivers of the program are the financial forecasts for Action Network on revenue and EBITDA that were presented as part of the acquisition.  The MIP covers a grant of 473,563 performance share units and 201,238 share options to 20 employees in total.

The duration of the MIP is 3 years. The 3-year value of the program is 12 mUSD (Black-Scholes value) measured at the maximum level, which is to say 100% achievement of the business plan. The cost of the program (Black-Scholes value) will be expensed under Special Items during the vesting period. When the program ends after the 3-year period, Action Network participants will be included in Better Collective’s broader Long Term Incentive Program.

The MIP will have no dilutive effect on Better Collective A/S’ shareholders, since Better Collective A/S intends to initiate share buy-back programs to meet its obligations under the MIP.

The details of the plan are disclosed according to the rules of Nasdaq Stockholm, and can be found in the attached Appendix 1.

Powered by WPeMatico

Continue Reading
Advertisement

Frank’s Diner

Relax Gaming serves up sizzling wins in post-apocalyptic release Frank’s Diner

Published

on

relax-gaming-serves-up-sizzling-wins-in-post-apocalyptic-release-frank’s-diner

Reading Time: 2 minutes

Relax Gaming, the iGaming aggregator and supplier of award-winning content, is opening the hatch to Frank’s Diner, an apocalyptic slot where Split Symbols, reel multipliers, and Gold Wild re-spins deliver the potential for sizzling wins.

Split Symbols take centre stage, with two or three identical single symbols landing on the same reel, forming double or triple stacks that immediately multiply the number of ways to win.

Re-Spin Wilds are triggered when a gold Wild symbol forms part of a win, causing a re-spin to occur. The re-spins continue as long as new symbols contribute to payouts.

Meanwhile, Multiplier Wilds add extra excitement, as both standard and gold Wilds apply a reel multiplier of 2x, 3x, 4x or 5x depending on their position, offering even greater rewards.

The Last Stand Spins feature activates when three Bonus symbols appear. During this round, each Wild re-spin increases the reel multipliers by one on their respective reels, with these values remaining for the rest of the feature. Landing another three Bonus symbols during the round awards an additional 10 free spins.

Players eager to go straight to the main course can do so using the Bonus Reels buy feature, which costs 10x the regular bet. This removes all paying symbols, leaving only Bonus symbols on the reels to boost the chances of triggering the feature.

Step into Frank’s Diner, block out the chaos outside, and prepare to enjoy bold flavours and even greater possibilities with every spin.

Tony O’Mahony, Chief Product Officer at Relax Gaming, said: “Frank’s Diner serves up a sizzling player experience packed with satisfying ingredients that work brilliantly together.

“Split Symbols and escalating reel multipliers create real momentum, while our brand-new Bonus Reels mode gives players an exciting new route into the feature. This release delivers an entertaining, high-impact experience that’s sure to leave a lasting impression for players who visit the diner.”

The post Relax Gaming serves up sizzling wins in post-apocalyptic release Frank’s Diner appeared first on European Gaming Industry News.

Continue Reading

Andrew Doublesin Chief Product Officer at Flows

Flows launches its most powerful evolution yet to power faster innovation across iGaming

Published

on

flows-launches-its-most-powerful-evolution-yet-to-power-faster-innovation-across-igaming

Reading Time: < 1 minute

Flows, the no-code automation platform, announced a major enhancement to its platform delivering faster performance, a refined design, and a modern architecture built to respond fast to market demand and support long-term growth for customers.

The release marks a significant step forward for the platform, introducing a more intuitive interface and improved reliability for operators. It simplifies workflow creation with refined navigation and smoother processes, helping users move effortlessly from concept to live automation while reducing onboarding and support requirements.

The latest version also delivers faster feature development to help operations respond quickly to market demands, lowers operational costs through reduced maintenance, and keeps the platform current, reliable and ready to grow with customer needs.

Additional improvements include strengthened security and compliance measures, an adaptable framework built to scale with business needs, and a clean, professional interface designed for the expectations of today’s iGaming professionals.

Andrew Doublesin, Chief Product Officer at Flows, said: This is a major milestone for our product and for our customers. It reflects our continued focus on helping businesses move faster, reduce complexity and unlock their creativity. This release is about giving our partners lasting value with a platform that not only delivers immediate performance benefits but also the flexibility, reliability and confidence they need to continue to succeed.”

This latest enhancement strengthens Flows’ position as the industry’s leading no-code automation platform, empowering operators to work more efficiently and deliver new ideas to market faster.

The post Flows launches its most powerful evolution yet to power faster innovation across iGaming appeared first on European Gaming Industry News.

Continue Reading

Balkans

CT Interactive Launches Diamond Tree Jackpot on Palms Bet

Published

on

ct-interactive-launches-diamond-tree-jackpot-on-palms-bet

Reading Time: < 1 minute

CT Interactive has strengthened its presence in the Bulgarian market with the exclusive launch of Diamond Tree Jackpot on Palms Bet. This multi-currency, multi-game jackpot offers dynamic mechanics and big win potential, and is now available exclusively on Palms Bet offering premium gaming experience.and enhancing the operator’s competitive advantage in Bulgaria’s rapidly growing iGaming sector.

The Diamond Tree Jackpot system brings together ten of CT Interactive’s top-performing titles, each proven to deliver strong KPIs in player engagement and retention across multiple markets — now tailored to meet the unique preferences of Bulgarian players. The featured games include fan favourites such as 20 Mega Slot, 20 Star Party, 40 Mega Slot, 40 Treasures, Chilli Fruits, Lord of Luck, Lucky Clover, Moon Lord, Mystic Moon and Win Storm.

“Diamond Tree Jackpot represents an important achievement for CT Interactive in Bulgaria. Diamond Tree upgrade the progressive jackpot mechanics with multi game and multi-currency support creating a new flexible and engaging jackpot system that is perfectly aligned with the demands of the Bulgarian customers. We are confident this product will empower Palms Bet to significantly increase player engagement, extend session durations, and foster sustainable growth within the Bulgarian market through its seamless integration and player-focused features, said Martin Ivanov, Chief Operating Officer at CT Interactive.

The post CT Interactive Launches Diamond Tree Jackpot on Palms Bet appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania