Latest News
Arctic7 Accelerates Growth With New Barcelona Studio and First Details of New Internally Developed Game
Arctic7, which provides a robust suite of full-scale and co-development services in game development and virtual production services for the movie and TV industry, has today announced it will open a new facility in Barcelona, bolstering overall European presence alongside its existing studio in Montenegro.
The studio is scheduled to open in early 2024. Kedhrin Gonzalez will continue in his role as Studio Head of Arctic7 Montenegro and will add the Barcelona studio to his remit with the new studio significantly increasing development capacity available for full game and co-development work with partner projects and internal IP Arctic7 is developing, the first of which is also teased for the first time this week and presented to potential partners.
The as-yet unnamed title is a post-civilisation, third-person action-adventure title built using Unreal Engine 5. Humans thrive in the ruins of a world that fights off a new dark age thanks to the vestiges of technology but are faced with a growing challenge from the reawakening of ancient spiritual forces. Gameplay is built around deep exploration, emotional narrative and a sophisticated and evolving combat system.
Kedhrin Gonzalez, Arctic7 Europe Studio Head, said: “At Arctic7 Europe, while we continue to focus on building strong partnerships for our co-development work, we’re always trying to think of ways to push forward our skills and fuel our passion for making great games for partners. This project is a direct result of that passion and draws on the teams’ experience working on some of the world’s leading games such as Halo, Rainbow Six series and more.”
Arctic7 Chief Executive Officer Igor Efremov said: “Over the past year, we have significantly grown our full game, co-development and virtual production capabilities as we look to establish a leadership position in the space and all focused on delivering great entertainment experiences for our partners and players. We are proud to announce that we are continuing to grow Arctic7 in Barcelona, which will be an additional hub for both full game development and co-development projects. I believe the historic city of Barcelona will be a great steppingstone forwards, giving us access to a rich talent pool so that we can turn out even more entertainment experiences.’’
The news follows a recent announcement that Arctic7 had appointed a new commercial team, featuring a variety of seasoned industry leaders to build exceptional partnerships and pursue an array of new business opportunities.
Established in 2022, Arctic7 is a fully independent collection of four studios, strategically situated in the US, Canada and Europe with capabilities across gaming and media industries. Each studio is an integral part of Arctic7’s collective strength with more than 150 dedicated professionals working across internally developed IP, co-development projects and virtual production.
Latest News
Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program
Golden Matrix Group (NASDAQ: GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced its participation in the global coalition initiative for flood relief efforts in Rio Grande do Sul, Brazil.
This partnership aims to provide substantial support to the communities in this Brazilian state that have been most devastated by the recent severe flooding.
This initiative is part of the gaming industry’s larger collaboration with local NGOs and humanitarian organizations, marking a significant expansion of our intensive CSR efforts, which saw over 225 community impact campaigns last year alone, primarily through the actions of its subsidiary Meridianbet.
The past week has witnessed unprecedented rainfall in Rio Grande do Sul, turning streets into rivers and isolating entire towns. The current situation remains dire, with hundreds of individuals still unaccounted for, while rescue operations have successfully evacuated over 200,000 residents using boats and helicopters.
The floods have wreaked havoc on infrastructure, with numerous bridges destroyed, severely disrupting access to Porto Alegre. The aftermath of the disaster has also led to looting in supermarkets during the night, adding to the urgency of the relief efforts.
Golden Matrix Group invites its stakeholders and the global community to contribute to this cause.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations.
The post Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program appeared first on European Gaming Industry News.
Golden Matrix Group
Golden Matrix Group Joins Rio Grande do Sul Flood Relief Program
Golden Matrix Group (NASDAQ: GMGI), a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets, today announced its participation in the global coalition initiative for flood relief efforts in Rio Grande do Sul, Brazil.
This partnership aims to provide substantial support to the communities in this Brazilian state that have been most devastated by the recent severe flooding.
This initiative is part of the gaming industry’s larger collaboration with local NGOs and humanitarian organizations, marking a significant expansion of our intensive CSR efforts, which saw over 225 community impact campaigns last year alone, primarily through the actions of its subsidiary Meridianbet.
The past week has witnessed unprecedented rainfall in Rio Grande do Sul, turning streets into rivers and isolating entire towns. The current situation remains dire, with hundreds of individuals still unaccounted for, while rescue operations have successfully evacuated over 200,000 residents using boats and helicopters.
The floods have wreaked havoc on infrastructure, with numerous bridges destroyed, severely disrupting access to Porto Alegre. The aftermath of the disaster has also led to looting in supermarkets during the night, adding to the urgency of the relief efforts.
Golden Matrix Group invites its stakeholders and the global community to contribute to this cause.
About Golden Matrix Group
Golden Matrix Group, based in Las Vegas, Nevada, is a leading B2B and B2C gaming technology company utilizing proprietary technology and operating globally across 17 regulated markets. The B2B division of Golden Matrix develops and licenses branded gaming platforms for its extensive list of clients, and RKings, its B2C division, operates a high-volume eCommerce site enabling end users to enter paid-for competitions on its proprietary platform in authorized markets. The Company also owns and operates MEXPLAY, a regulated online casino in Mexico. In 2024, Golden Matrix completed the acquisition of MeridianBet, a well-established and B2B and B2C sports betting and gaming platform operating and regulated in multiple markets in Europe, Africa and LatAm, providing the combined entity with additional international operations.
Latest News
Gaming Innovation Group – Issue of new shares
Gaming Innovation Group Inc. (GiG) has today issued 2,176,941 new shares of its common stock. The new shares are issued by the Board of Directors under the Company’s 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate actions and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 129,003,161 to USD 131,180,102, and the number of outstanding shares has increased from 129,003,161 to 131,180,102 (par value USD 1.00). In addition, a total of 1,432,500 options are outstanding as of today.
The 2,176,941 new shares were distributed as follows:
823,897 new shares have been issued in connection with the acquisition of KaFe Rocks Ltd., ref. announcements from GiG on 7 November 2023 and 21 December 2023. Under the Share Purchase Agreement, GiG were obligated to issue EUR 2.5 million in shares to the sellers, pending specific operational cost savings targets being met by year-end 2023. The targets were met, and the sellers are entitled to extra payment, where the number of shares is based on a 30-day VWAP of the GiG share at the time of closing (NOK 30.11).
982,694 new shares have been issued in connection with the option program entered into in connection with the acquisition of Sportnco Gaming SAS (“Sportnco”), ref. Exemption Document dated 13 July 2022., whereby key employees in Sportnco, contingent on continued employment, will receive shares in the Company at EUR 2.11 (NOK 24.80) per share.
370,350 new shares have been issued in connection with exercise of options, whereof 319,000 shares at a share price of NOK 15.00 and 51,350 at a share price of NOK 22.00 per share.
The post Gaming Innovation Group – Issue of new shares appeared first on European Gaming Industry News.
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