G2E
Waterhouse VC celebrates continued high returns; looks to Brazil and betting syndicates for future growth
Tom Waterhouse, Chief Investment Officer of Waterhouse VC, the specialist investment fund for the global betting and gaming sector, heads to the U.S. again to look for new opportunities at G2E off the back of revealing another successful summer of investments.
The fund recently converted an option in cutting-edge crypto betting technology company Saintly. In February 2023, Waterhouse VC signed a three-year option to buy 20% of the top-tier platform, an option that was bought out in August for 2,180% above the option conversion price. This meant an extraordinary 23x return on the position within six months.
“I feel like we have a very good understanding of the products going into the online betting world and what will work” – Tom Waterhouse, whose family has been involved in the betting industry for more than 100 years.
Since its inception in August 2019, Waterhouse VC has achieved a gross total return of 2,422% as of 30 September 2023, assuming the reinvestment of all distributions. To maintain rigorous standards, the fund’s team scours the gaming sector for disruptors and niche-leading businesses worldwide.
Over the past few months, Brazil has been a particular area of interest. Another one of the current opportunities that Waterhouse VC is participating in is Betscanner. Much like an Oddschecker for crypto betting, Betscanner will compare odds for sporting events offered by crypto operators and is leveraged to benefit from the growth of both crypto betting and the Brazilian market.
Another investment that the fund is excited about is an emerging professional betting syndicate run by Tom Dry. After working for Tony Bloom, the world-renowned football betting pro and owner of English Premier League powerhouse Brighton FC, Dry developed his own tennis betting strategy. Waterhouse VC saw that the syndicate’s operational metrics were very impressive and the fund took the view that Dry had the ability to further scale the team, increase liquidity in tennis and also expand into other sports.
Waterhouse VC will continue to analyse the betting and gaming sector for further opportunities, with G2E being just the next step in this process.
G2E
Spintec Introduces a Host of New Products at G2E
Spintec’s newest Charisma line has attracted significant global attention with its refined balance between relaxation and intense focus on the game. Its cutting-edge design stands out, featuring immersive, crystal-clear graphics on high-resolution monitors, alongside user-friendly, intuitive touchscreen controls and seating comfort.
Building on this success, Spintec introduced a host of additional surprises and innovative solutions at this year’s G2E. They all feature the best that Charisma has to offer, while catering to a multitude of casino settings and entertainment needs.
For example, they showed how easy it is to organize a live tournament featuring several different games and transforming a casino into a dynamic social gaming venue. Charisma in an amphitheater setting can incorporate live, automated and virtual tables, engage more than 200 players, include a choice of different games and combinations of games, and provide lots and lots of fun!
What about Craps? Spintec can’t afford to miss out on all the fun, so they have proudly introduced Charisma Craps at this year’s G2E. They showed a version that seats four and comes complete with an attractive animated topper and LED lighting.
For casinos that need more adaptive playing stations for individual players, they have developed a revolutionary new stand-alone version of Charisma. A player can enjoy an array of different games at their own station, spanning from virtual (Roulette, Blackjack, Baccarat, Craps/Sic-bo), to automated (Roulette, Craps/Sic-bo) or take part in live games at the venue or elsewhere (Roulette, Blackjack, Baccarat).
And for the venues with more restricted floor availability, the new Charisma 5 Roulette is a perfect compact solution. It can fit into small or crowded spaces with height limitations and still be an eye catcher with its animated topper and signage. It features roulette and other games individually or as a multigame setup. Who says elegance can’t be adaptable and fun?
As a last surprise, Spintec introduced a stellar new game called Galactic Spin to the American market at this year’s G2E. Galactic Spin successfully enhances the engagement of the players with large payouts and three different games that take place after the bets are closed. The downtime of waiting for the ball to drop now becomes the most thrilling part of the game and the entire roulette cycle becomes an incredibly engaging stage.
With all these new offerings, Goran Sovilj, Spintec’s Global Sales director, says: ” We’re excited to have shown the latest innovative additions to the Charisma line that enhance the gaming experience, from live tournaments to multigame solutions. It was a great success and just the beginning of what’s to come.”
Goran Miškulin, CEO of Spintec, shared his thoughts on the company’s direction:
“This year has been transformative for us in many ways, and our latest product introductions are a testament to our continuous innovation. With the launch of Spintec 2.0, our new strategic framework, we are focused on further enhancing operational efficiency, product development, and market expansion. We are confident that these efforts, along with our strengthened partnership with Merkur, will propel us to new heights and accelerate our growth. As we begin this new chapter, we are excited about the opportunities that lie ahead.”
AGA President and CEO Bill Miller
G2E 2024 Announces Gaming CEOs Jason Robins and Derek Stevens as Wednesday Keynote Speakers
- Jason Robins, DraftKings Co-founder and CEO
- Derek Stevens, Circa Resort and Casino Owner and CEO
G2E
SportsGrid partners with G2E to Spotlight Gaming Industry’s Top Voices and Innovations
SportsGrid has announced a partnership with the Global Gaming Expo to provide rich, curated content covering the latest trends, innovations, and developments across the global gaming industry.
G2E, the gaming industry’s premier global event, is set to take place from Monday, October 7, to Thursday, October 10, at The Venetian in Las Vegas. The expo will feature nearly 400 exhibitors from around the world, showcasing cutting-edge gaming technologies and solutions. Alongside the show floor experience, G2E offers attendees the opportunity to learn and connect through extensive networking events, workshops, and an education program led by industry leaders and experts.
“G2E is the standout gaming event on the calendar and has been run expertly by RX and the American Gaming Association. Our partnership gives us the ideal opportunity to showcase the gaming industry’s most influential voices and developments. We are excited to bring expert-driven content and discussions to a global audience, helping to define and shape the future of gaming.” commented Jeremy Stein, CEO, SportsGrid, Inc.
SportsGrid will be on-site at G2E producing exclusive interviews with high-profile executives, policymakers, and influencers shaping the gaming industry. The exclusive content from G2E will be distributed across their streaming video network and other relevant media channels, bringing the excitement of G2E to SportsGrid’s global audience.
“Partnering with SportsGrid amplifies our commitment to providing an unparalleled experience at G2E 2024,” said Korbi Carrison, G2E Event Vice President. “Together, we will showcase the dynamic voices and innovations shaping the future of the gaming industry, creating a platform for insight, connection, and growth. We look forward to working together to produce content that inspires and empowers our community.”
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