Latest News
QTech Games launches industry-first Network Progressive Jackpot feature
Leading distributor cements its status across emerging markets with new cross-supplier rewards feature, showcasing latest acquisition and retention toolbox
QTech Games, the leading games distributor for Asia and all emerging markets, has rolled out Network Progressive Jackpot, an industry-first rewards feature now on offer across allocated products from a host of renowned slot developers.
The new feature is currently available with dedicated jackpot games from Blueprint Gaming, as QTech Games continues to attract participating brands from both new and existing eligible clients, always with the combined goal of optimizing premium content for localised distribution.
Network Progressive Jackpot already harnesses 28 dedicated jackpot games from Blueprint Gaming for ground-breaking service, including Grand (Jackpot King), Major (Regal) and Mini (Royal) progressive pots, which run off Blueprint’s signature Jackpot King Deluxe system.
The inherent ability of jackpots to drive acquisition and retention is firmly proven across worldwide markets. However, this breakthrough innovation now allies QTech’s pioneering platform and machine-learning software to a supplier-by-supplier suite of progressive products which deliver credible winning triggers. All of which assists in building authenticity, trust and digital dwell-time with the end user.
These progressive jackpots are amassed by players’ contributions, whereby a small percentage of every qualifying bet contributes towards the mounting prize pool. Furthermore, Network Progressive Jackpots are shared among several eligible casinos to ensure the jaw-dropping payouts that appeal to myriad players.
This game-changing, networked move from QTech Games also opens up added possibilities for both established and up-and-coming operators who can benefit from this pooled structure to pull up a chair at the progressive-jackpot table without the need for bottomless liquidity.
Intuitive back-office functionality and reporting also allows partners to accurately unpack all jackpot details pertaining to contributions and payout values, while QTech’s unique API lets managers effortlessly retrieve any jackpot ID, game or prize-pool info, alongside real-time balances in any given currency.
Ulf Norder, CCO at QTech Games, said: “We’re delighted to confirm that our new Network Progressive Jackpot feature is really turning players’ heads and keeping them coming back for repeat visits on a highly-playable portfolio of dedicated titles from a range of popular suppliers. Operators large and small understand that progressive jackpots are one of the most effective marketing tools around, and now QTech’s unique “progressives” are taking the notional risk and administration out of jackpot provision.
“QTech Games is already the leader in Asia, while other key growth territories are following suit as well. Our propriety technology means we’re the only aggregator which is not just showcasing fantastic games but also adding engaging features (such as our AI-powered recommendation engine, alongside other Tournament and Jackpot elements) to confirm QTech’s breakthrough position in the marketplace. Network Progressive Jackpots represent just part of an innovative rewards tide that is helping to lift all boats.
“Aside from being the premier platform for emerging markets, QTech Games is now so much more than just a leading platform, adding value and driving business at every consequential juncture. So, we’re delighted to open up some of the fastest-growing and scalable jackpot games on the market to players across multiple developing regions.
“QTech’s ever-expanding reach, from Asia and Eastern Europe to LatAm, is taking engaging games to players in increasingly diverse markets, whilst this pooled cumulative-jackpot system will reliably boost acquisition and activity numbers for a wide variety of operators.”
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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.
Latest News
Week 19/2024 slot games releases
Here are this weeks latest slots releases compiled by European Gaming
Relax Gaming has teamed up with CasinoDaddy once more to create its latest collaborative release as everyone’s favourite sloth, Chip, embarks on his latest escapade in Epic Dreams. Players can climb the lofty ladder up 50 levels to net themselves a maximum win of 5,000x by collecting matching coins and symbols.
Greentube, the NOVOMATIC Interactive division, has introduced its latest retro title with a twist, Silver Lux: Big Win Spinner. A classic three-reel stepper, this timeless slot is packed with thrilling modern features and a progressive jackpot for extra chances to win big amongst its nine paylines and Big Win Spinner wheel. Players participate using credits rather than currency, with the base game played for 10 credits.
Games Global’s exclusive studio AreaVegas Games has launched Area Link™ Dragon, the latest title in its popular Area Link™ series that captivates players with its stunning mythical design and plethora of features. Set against a volcanic backdrop, the 5×3 reelset is adorned with vibrant gemstones, treasure chests, and fireballs, all spinning by under the watchful eye of the dragon.
Endorphina has announced the release of its brand-new addition to its game portfolio on May 7th. Dazzling Crown is a classic fruit slot featuring 5 reels, 3 rows, and 10 fixed paylines. While classified as a classic slot game, with its noble and elegant exterior, Dazzling Crown also falls under the category of luxury slots created by the provider.
Spinomenal has launched its latest game, Dreams of Cleopatra. Unfolding underneath a mesmerising night sky, this 5×3 slot offers players a journey back to the glory of ancient Egypt. Dreams of Cleopatra features a haul of golden Egyptian artefacts as medium symbols, including intricately designed golden death masks, amulets, statues, and arks.
Wazdan adds a 6×5 reel layout to its Coins™ series with its latest launch 30 Coins. Adding a new dimension to the gameplay, the board is expanded to a 6×5 layout, allowing players to collect up to 30 Coins. Landing six or more coins in the middle reels triggers the player-favourite Hold the Jackpot™ bonus round.
Yggdrasil and YGG Masters partner Peter & Sons have shaken up the pirate slot genre with Gunpowder, a battle for oceanic supremacy with a hold full of rich naval-inspired features. A volatile slot with 10paylines, Gunpowder promises sticky wilds elevated with respins for the bravest of seadogs. A powerful free spins game sees the Phantom Power feature and retriggers wrapped up in the signature polished animation that Peter & Sons is renowned for.
3 Oaks Gaming has gone live with Fishin’ Bear, a vibrant slot showcasing a Free Spins round incorporating multiple features for an action-packed fishing expedition. The jolly bear acts as a Wild during the gameplay and appears in the middle of the third reel only. When visible alongside Bonus symbols within all game modes, he activates the Collect feature and hooks in the cash values for a combined payout.
Games Global exclusive studio Nailed It! Games has unveiled its buccaneering new release Riptide Pirates™, featuring an exciting, interactive battleship bonus round. The high-seas adventure tasks players with matching crewmates, anchors and compasses across the game’s 25 paylines to trigger Riptide Wild Stacks and the Pirate Bonus, leading to impressive wins worth up to 5,000x the bet.
Embark on a journey of fruity delight with Sweet Splash, the latest addition to Boldplay’s slot game line-up. Designed to quench players’ thirst for excitement, the game invites them to immerse themselves in a vibrant world bursting with juicy rewards. Featuring a 5×3 reel layout and 243 ways to win, Sweet Splash promises an adventure like no other, where every spin holds the promise of fortune and excitement.
The post Week 19/2024 slot games releases appeared first on European Gaming Industry News.
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