Compliance Updates
UK CMA Investigates Evolution’s NetEnt Acquisition
The UK Competition and Markets Authority (CMA) has started an investigation on whether Evolution Gaming’s proposed acquisition of NetEnt would reduce competition in the igaming industry in the region.
CMA opened its inquiry on September 22 and has invited any interested parties to give comments on the proposed acquisition agreement until October 5. CMA will analyse this feedback and announce whether the investigation will proceed to a second phase on or before November 16.
Stockholm-listed Evolution’s offer for NetEnt amounts to SEK79.93 per share, which represented a premium of 43% over NetEnt’s closing price on Nasdaq Stockholm at the time.
At the time of the offer, Evolution said that shareholders owning around 20% of NetEnt shares indicated they would accept the offer, while the board of directors also unanimously recommended other shareholders back the bid.
In addition, board members who in total directly or indirectly control 8.48% of shares and 23.20% of votes in NetEnt expressed they intended to undertake to accept the offer.
NetEnt chairman Mathias Hedlund also welcomed the offering and said that the combination of his group’s reach in online slots and Evolution’s live casino product would give it greater leverage in expanding markets, such as North America.
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Brazil
São Paulo appeals court rejects SPRIBE bid to halt Aviator Studio Brazil operations
Aviator Studio Brazil has won two consecutive decisions in São Paulo rejecting SPRIBE’s request for an injunction aimed at stopping its operations, according to the company.
The latest ruling came from the São Paulo Court of Appeals (2nd Reserved Chamber of Business Law) on 16 April. The court declined to grant urgent relief and allowed Aviator Studio Brazil to continue operating with partners including Foggo Entertainment (Blaze) while the broader AVIATOR trademark dispute proceeds through the judicial process.
In its decision, the Court of Appeals cited three points highlighted by Aviator Studio Brazil: controversy over SPRIBE’s claimed exclusive rights to the “AVIATOR” trademark, no showing of imminent or irreparable harm, and the fact that Aviator Studio Brazil is operating under a licence from Aviator LLC, the effects of which will be assessed during the case.
The company also referenced a separate proceeding that SPRIBE announced on 15 April involving NSX Betnacional. Aviator LLC said neither it nor Betnacional were initially aware of that matter, and stated that once it became known, Aviator Studio Brazil moved to support Betnacional and assume responsibility for defending use of the AVIATOR brand.
Commenting on the decision, George Pruidze, CEO at Aviator Studio, said:
“Following two consecutive victories in both the trial court and appeal courts in São Paulo, it is clear there is no basis for the urgent measures sought by SPRIBE. Aviator Studio Brazil continues to operate lawfully under licence, and we remain fully committed to supporting our partners and defending the AVIATOR brand wherever necessary.
“As similar actions by SPRIBE continue to trigger proceedings in Brazil, including the ongoing matter involving Betnacional, we will continue to stand behind our partners and ensure the legitimate use of the AVIATOR brand is protected. We are confident that the same facts and legal position will continue to prevail as these cases progress.”
The post São Paulo appeals court rejects SPRIBE bid to halt Aviator Studio Brazil operations appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Africa
Broadway Platform secures LSLGA B2B supplier licence for Nigeria
Broadway Platform has been granted a B2B supplier licence by the Lagos State Lotteries and Gaming Authority (LSLGA), allowing the company to provide technology services to licensed operators in Lagos State and the wider Nigerian market.
The approval covers Broadway Platform’s product suite, including casino and sportsbook infrastructure, payments, CRM, risk management, affiliate tools and back-office systems, according to the company.
The licence also extends to BroadHub, described as SPRIBE’s content aggregation platform. Broadway Platform said BroadHub provides access to slots, table games and live dealer content from more than 120 providers.
Giorgi Samkharadze, Director of Broadway Platform, said: “Gaining our LSLGA supplier licence is an important step in our commitment to operating within robust local regulatory frameworks. Nigeria represents a key growth market for us, and this approval ensures our partners can operate with full confidence in the compliance and integrity of their platform infrastructure.”
The post Broadway Platform secures LSLGA B2B supplier licence for Nigeria appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
B2B gaming licence
Wicked Games wins Swedish B2B gaming licence
Approval from the Swedish Gambling Authority lets the studio supply content to licensed operators in Sweden.
Wicked Games has obtained a Swedish B2B gaming licence, clearing the studio to supply its content to licensed operators in Sweden.
The licence was granted by the Swedish Gambling Authority (Spelinspektionen) and expands Wicked Games’ regulated market footprint in Europe.
“Securing our Swedish licence is a strong validation of the compliance standards and technical readiness behind our business,” said Khadija El Abi, Head of Partnerships at Wicked Games. “Sweden is an important market for us, and this approval allows us to support licensed operators there with content built to stand out in competitive lobbies.”
Wicked Games said the approval supports its broader strategy to grow in regulated jurisdictions and make its content available to more operator partners in key markets.
The post Wicked Games wins Swedish B2B gaming licence appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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