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Kindred Group completes the acquisition of Relax Gaming

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Kindred Group has on 1 October 2021 completed the previously announced acquisition of the remaining outstanding shares in Relax Gaming, a leading and rapidly growing B2B iGaming supplier.

Kindred Group announced on 2 July 2021 that it had entered into an agreement to acquire the remaining 66.6 per cent of the outstanding shares in Relax Gaming. Relax Gaming is a market leading B2B iGaming software supplier that designs and develops online casino games, supported by an open distribution platform for third party aggregation as well as proprietary poker and bingo products. Relax Gaming was founded in 2010 and has today c. 240 full-time employees with four main hubs in Malta, Estonia, Sweden and Serbia. Kindred has been invested in Relax Gaming since 2013 and was prior to the transaction the largest owner with 33.4 per cent of the outstanding shares.

The acquisition accelerates Kindred’s strategy to increase its focus on product and customer experience by strengthening Kindred’s product control and product differentiation capabilities. The acquisition is expected to generate annual run-rate synergies of EUR 8 million within the next three years for the Group, driven especially by lower investment needs and reduced cost of sales. In order to secure continued integrity of Relax Gaming’s B2B customers, Kindred’s intention is to keep Relax Gaming as an independent entity within the Group with a separate management team and Board of Directors. Patrik Österåker, the co-founder of Relax Gaming, will remain as the Chairman of the Board. Kindred’s ambition is to continue to invest in Relax Gaming to cement its position as a leading B2B iGaming supplier by further strengthening Relax Gaming’s product offering and by broadening their B2B customer base.

In conjunction with the completion of the transaction, all existing employee share option programmes in Relax Gaming have been exercised, and Relax Gaming’s management, who is committed to the future success of the company, retains an ownership of seven per cent of the total fully diluted shares in the company. Kindred’s ownership in Relax Gaming after the transaction is 93 per cent of the total fully diluted shares.

The transaction values the Relax Gaming at up to EUR 320 million on a cash and debt free basis (Enterprise value) and a total value of the outstanding shares of approximately EUR 295 million (Equity value). The initial consideration for the remaining outstanding share of approximately EUR 80 million (on a cash and debt free basis) has been settled in cash. In addition to the initial consideration, the maximum earn-out payments amount to EUR 113 million and may become payable in 2022 and 2023, subject to Relax Gaming achieving certain earnings thresholds.

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Avanti Studios signs live casino content deal with bet365

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Launch starts in Spain with Blackjack and other titles, with additional regulated markets planned.

Avanti Studios has signed an agreement with bet365 to launch its live casino content with the operator, starting in Spain.

Under the deal, bet365 will add a suite of Avanti games in Spain, including Blackjack, expanding its casino offer in the market beyond roulette. Avanti said its games are hosted by “lifelike digital clones” and designed to support localisation and scaling.

Avanti said the rollout will extend beyond Spain, with bet365 planning to introduce the supplier’s content in additional regulated markets over the coming months.

Jonas Delin, Co-Founder at Avanti Studios, said: “We’re very excited to be partnering with one of the industry’s leading operators in bet365. The deal will allow them to host new games like Blackjack in Spain.”

Clement Le Scanff, Head of Gaming – Commercial & Operations at bet365 said: “We’re pleased to partner with Avanti to bring innovative, differentiated content to Spain, enhancing our offering and introducing new entertainment experiences for our players.”

The post Avanti Studios signs live casino content deal with bet365 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Peter & Sons adds GR8 TECH to expand casino distribution

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The studio’s slot portfolio will be integrated into the GR8 Casino platform for access by GR8_TECH operator partners in regulated markets.

Peter & Sons has signed a distribution partnership with GR8_TECH to integrate its games into the GR8 Casino platform, extending reach across the platform provider’s operator network in regulated markets.

Under the agreement, GR8_TECH will add Peter & Sons’ portfolio to its casino offering, making the studio’s titles available to operators using GR8_TECH’s technology stack. Games referenced in the announcement include Barbarossa Dragon Empire, Ghostfather Awakened, Zombie Road, and Sand of Destiny.

Yann Bautista, Founder and Commercial Director at Peter & Sons, said: “Partnering with GR8_TECH represents another important step in expanding the reach of our portfolio across regulated markets. Their platform combines strong technology with a clear understanding of what modern casino operators are looking for, making them a very exciting partner for us. We’re looking forward to seeing our games introduced to new audiences through their growing network.”

Lusine Khudaverdyan, Head of Casino Business at GR8_TECH, said: “Excited to welcome Peter & Sons to our partner pool. They are genuine storytellers, creating incredibly immersive, cinematic worlds that players truly want to inhabit. By integrating their content, we provide our clients with bold, artistic experiences that satisfy a new generation of players craving high engagement and fresh aesthetics.”

The post Peter & Sons adds GR8 TECH to expand casino distribution appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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St8 cements Ontario content offering through latest partnership with RubyPlay

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Casino games aggregator and full-service technology provider St8 has partnered with RubyPlay to further expand its Ontario offering, adding the studio’s popular slot portfolio to its growing aggregation platform across the Canadian province.

As part of the agreement, operators in Ontario will gain access to a range of titles from across RubyPlay’s studio ecosystem, including content from RubyPlay Studio, Koala Games, Mad Hat Games and Firerose, through St8, with upcoming releases from Xslots also expected to go live through the platform. Standout games include J Mania® Lucky Pyggs, Mad Hit® Mr. Coin and Diamond Explosion® 7s SE. The integration strengthens St8’s content portfolio with a range of proven, high-performing slot titles tailored to the region.

RubyPlay has continued to grow its footprint across regulated jurisdictions through its studio-based ecosystem and tailored content strategy, earning key tier one recognition for developing high-performing games that resonate with players in key markets worldwide. The supplier’s games offering has proven appeal in Ontario, resonating well with local players in the region.

The partnership strengthens St8’s proposition in Ontario, a market that has quickly become a key part of the company’s growth strategy as it continues to establish itself as a leading technology provider around the globe.

David Fall, Business Development Manager at St8, said: “Partnering with RubyPlay in Ontario is an exciting addition to our growing content offering in North America.

“The supplier has built strong momentum across regulated markets through its engaging portfolio and player-focused approach, and we are delighted to bring its high-performing content from across its studio ecosystem to operators in Ontario through the St8 platform.”

Dima Reiderman, Chief Commercial Officer at RubyPlay, said: “Ontario is a market we have been focused on for some time, so teaming up with St8 feels like a natural step in our North American expansion.

“St8’s aggregation platform provides an excellent route for our diverse portfolio of content to reach more operators in Ontario. Through our studio ecosystem, we are able to deliver a broad range of experiences tailored to different audiences and market needs, making this partnership a strong fit for both companies”

The post St8 cements Ontario content offering through latest partnership with RubyPlay appeared first on Americas iGaming & Sports Betting News.

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