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“Developed in Ukraine”: Parimatch Tech co-CEO Web Summit 2021 Speech

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After the pandemic-related switch to an online-only format last year, Web Summit 2021 returned to Lisbon and welcomed guests from across the world once again. For the first time ever, Ukraine hosted a pavilion at the world’s largest digital tech conference as the synergy of government institutions and businesses.

Parimatch Tech, an international product company that provides tech and marketing solutions in the entertainment and betting industry, was honoured to represent Ukraine as the country’s leading IT market player. Maksym Liashko, Parimatch Tech’s co-CEO, held a panel discussion and shared his thoughts about Ukraine’s promising future in tech.

“The phrase “Made in China” is not surprising to anyone nowadays, considering the impressive global expansion of the Chinese market, touching almost every industry. In a few years, the phrase “Developed in Ukraine” will become as widespread. And it won’t be surprising for anyone working in the IT industry, keeping in mind Ukraine’s explosive growth in terms of startups, “unicorns”, and hundreds of thousands of absolutely incredible talented developers, project managers, creators emerging.” — Maksym started.

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Parimatch Tech, operating in 14 countries, was born in Ukraine, continues to grow and develop in Ukraine, and plans to continue its global expansion from Ukraine. The company’s largest product is one of the most popular and advanced betting platforms in Eastern Europe and Central Asia, and as of today, the platform holds over 1400 transactions per minute, Maksym pointed out. As the company successfully operating in multiple countries, Parimatch Tech believe that Ukraine is one of the best places to develop and run a global IT business.

“Despite Parimatch Tech’s global presence, the company’s largest R&D office is based in Ukraine’s capital, Kyiv. Why? The professional environment, high standards of tech education, and adaptive business approaches make Ukraine one of the best places to develop business globally. Ukraine is a unique country where working and living is equally pleasant.”

Ukraine becomes more and more visible on the world’s map each year, and it’s booming IT sector is one of the reasons, Maksym believes. It is easy to relocate in Ukraine, and it is easy to do business, and the reason behind this is Ukrainians’ high professional adaptability — it’s as easy for us to work with locals as it is to host foreigners.

“It’s easy to work from Ukraine and establish global partnerships. Being a Ukrainian company, Parimatch Tech has managed to sign contracts with some of the biggest global sports companies, including Juventus FC, Leicester FC, Everton FC, Chelsea FC, and UFC. So, it’s only a matter of time till “Developed in Ukraine” becomes another benchmark in the IT industry.” — Maksym Liashko concluded.

 

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Ukrainian IT sector overview

It is hard not to notice how thriving the Ukrainian IT sector is: its yearly growth is five times faster (25%) than the global average (4-6%), and there seems to be no sign of slowing down in the future. Here are some numbers to back it up:

There are over 5,000 IT companies operating in Ukraine.

250,000 developers are working at Ukrainian IT companies, including almost 1,000 Parimatch Tech employees.

Ukraine is home to five unicorns.

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Over the last 6 years, Ukrainian startups raised $2 billion in VC investments.

By 2025, the industry is projected to generate $10 billion

 

Web Summit 2021 Facts and Numbers

Ukraine’s Web Summit 2021 pavilion featured a number of startups, IT companies, foundations, and innovations. Aside from Parimatch Tech, Ukraine was represented by the Ukrainian Startup Fund, The Ministry of Digital Transformation, The Ministry of Foreign Affairs, The Embassy of Ukraine in Portugal, Sigma Software Group, Ukrainian Hub, European Business Association, and iplace digital agency, as well as participants — Digital Future, Kyivstar, Rocket, Fondy, Avenga, ISSP, Concord Fintech Solutions, UNIT.City, and IT EDUCATION DEVELOPMENT.

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Web Summit 2021 attracted some of the world’s most prominent speakers, journalists, and businesses. According to the report published by the Web Summit team, The event has connected over 42,000 people from 128 countries, proving to be a truly unifying global experience for tech enthusiasts, media, and businesses from across the globe. The event provided the visitors with an incredible opportunity to choose from hundreds of speakers who held a cumulative 1,333 talks in its four-day program.

Parimatch Tech also welcomes Web Summit’s commitment to making the event more diverse. According to the event organizers, over half of Web Summit’s attendees (50.5%) were women for the first time in the event’s history. This year’s Web Summit was supported by 211 partners, representing both local Portugal-based businesses and global tech giants alike. Parimatch Tech was proud and delighted to support the event and represent Ukraine’s thriving IT sector at the world’s largest tech conference.

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Greentube reinvents the wheel with Silver Lux: Big Win Spinner

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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. Users must select the value of a single credit before the round begins to tailor the gaming experience.

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Landing a combination of sevens or bar symbols awards credits with double sevens symbols substituting for single sevens symbols for bigger credit wins and multiplying the win by 2x.

When three Big Win Spinner Wild multiplier symbols land, 2000 credits are awarded, also multiplying all wins in the round by 2x.

Three Scatter Wheel symbols landing on the reels unlock the Big Win Spinner wheel feature where players can spin for the Grand or Major Silver Lux Linked progressive jackpots.

The outer wheel spins first awarding the player either a max win in credits or an upgrade to spin again on the inner wheel for the progressive jackpots if the spinner lands on the arrow. The inner Big Wheel Spinner wheel guarantees a progressive jackpot win which is paid out in currency rather than credits depending on the amount wagered by all players.

This latest entry to Greentube’s portfolio is the first of many Silver Lux titles to be released by the provider as part of a brand-new game series and it follows in the footsteps of other recent releases including Lightning Lion.

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Bernd Baumert, Director of Games Production and Operations at Greentube, said: Silver Lux: Big Win Spinner is the start of a new family for our expanding portfolio of engaging and immersive games, that we are very thrilled about.

“With the additional excitement of the progressive jackpots, we are sure players will enjoy the blend of classic slot fun alongside the modern features that this new title has to offer.”

The post Greentube reinvents the wheel with Silver Lux: Big Win Spinner appeared first on European Gaming Industry News.

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Relax Gaming brings back popular sloth in treetop adventure Epic Dreams

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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.

Following on from a hugely successful collaboration last year, the pair have upped the ante, elevating features from the 2023 hit Sloth Tumble.

Players can climb the lofty ladder up 50 levels to net themselves a maximum win of 5,000x by collecting matching coins and symbols.

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Packed with memorable features including a Bonus Pick, Build Bonus and Dig Bonus, these encapsulate the thrilling experience on offer during Chip’s woodland adventure.

If all stone block symbols are destroyed at the end of the round the Bonus Pick is automatically triggered. On some spins the bottom row will contain Super Bonus stone blocks, breaking these blocks activates the Super Bonus Pick where players can pick between the super versions of the bonuses.

The Dig Bonus starts with five free spins, and every third stone block row destroyed reveals a level row, awarding +1 free spin. At the start of each spin, any stone block rows from the previous spin are kept. New stone block rows are added, so there are four for every free spin.

The Build Bonus starts with three rounds, where each round has a drop of three symbols and players win by filling a row with any symbol. Each individual symbol in the row pays as a 3 OAK win. When a win occurs, the round counter resets to three. Symbols drop onto random columns to the bottom-most position.

Next to the grid is a multiplier ladder, the ladder starts at x1 and increases by +1 each time a row is filled. The payout of paying symbols on a row is multiplied by the current multiplier.

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Shelley Hannah, CPO at Relax Gaming, said: “We are thrilled to continue our partnership with CasinoDaddy and release Epic Dreams which sees Chip take on his most fun-filled adventure to-date, dispelling myths and proving that sloths are anything but chilled!

“We were delighted with the performance of Sloth Tumble and it seemed fitting to build on that success and elevate the features and mechanics that were integral in that game’s success and provide a fully immersive experience to players.”

Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 names the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.

Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.

The post Relax Gaming brings back popular sloth in treetop adventure Epic Dreams appeared first on European Gaming Industry News.

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Gaming Innovation Group reports Q1 2024

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Highlights

  • Reported revenues (GiG Media) at all-time high of €28.0m (18.4), an increase of 52% (21% organic), with an EBITDA of €13.5 (8.0)
  • The group, including Platform & Sportsbook achieved all-time high revenues amounting to €36.2m (28.4), an increase of 28% YoY
  • FTDs for GiG Media were 125,100 (110.800), up 13% YoY
  • AskGamblers continued positive momentum, with record traffic, players generated, revenue and EBITDA
  • Platform & Sportsbook signed eight new agreements and HoTs in Q1-24, and ten brands went live so far in 2024
  • Existing customers on the platform add up to a total of 67 brands, with an additional integration pipeline of 18 brands as of today
  • The business is operationaly ready for the strategic split of Media and Platform & Sportsbook. The split is expected by Q3 2024, pending approvals

 

Investor presentation and webcast

Chairman of the Board, Petter Nylander will host a presentation of the Q1 2024 results via livestream at 10:00 CET with Jonas Warrer, CEO Media and group CEO, and Richard Carter, CEO Platform & Sportsbook, attending. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

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The post Gaming Innovation Group reports Q1 2024 appeared first on European Gaming Industry News.

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