Connect with us

Latest News

Evolution has entered into an agreement to acquire Nolimit City

Published

on

Reading Time: 2 minutes

 

Evolution AB (publ)’s wholly owned subsidiary, Evolution Malta Holding Limited, (“Evolution”) has entered into an agreement to acquire the entire issued share capital of Nolimit City Holding Ltd (“Nolimit City”) for an upfront consideration of EUR 200 million (the “Transaction”). With earn-outs of up to EUR 140 million the total consideration can amount to up to EUR 340 million, payable in cash.

Transaction highlights and strategic rationale

Nolimit City is a truly innovative, world-leading producer of online slots games that has created its own niche in the market through games with sometimes provocative themes and a humorous touch. Nolimit City games stand out and offer players a unique, graphically rich playing experience. Nolimit City titles include award-winning games such as Mental, San Quentin and East Coast/West Coast.

The acquisition is in line with Evolution’s strategy of being the world’s number one provider of online casino games, supplying its customers with the best gaming content. With the Nolimit City brand, Evolution extends its portfolio of world leading slot brands that already includes NetEnt, Red Tiger and Big Time Gaming.

“With the addition of Nolimit City to the Evolution family we extend our portfolio of truly innovative and cutting edge games from the top brands and game makers in the industry. We have followed Jonas, Emil and their team for a few years and been impressed as they have established a completely new style of slot games. I am proud that yet another of the very best minds in our industry has chosen to join the Evolution network.” – Jens von Bahr, chairman, Evolution

“I cannot think of a better match between two companies then between Nolimit City and Evolution, we are fully aligned in terms of people, product, technology and how to get the job done. The slot vertical is under massive change, and we can’t wait to take on the challenge of global expansion together with Evolution, helping out with navigating towards the best slot product offering in the market.” – Jonas Tegman, Co-Founder, Nolimit City

Nolimit City revenue is expected to amount to EUR 30 million with an EBITDA of EUR 23 million for the calendar year 2022. The Transaction will contribute positively to 2022 EPS for the Evolution Group.

Consideration and financing 

The total up-front consideration payable by Evolution in the Transaction is EUR 200 million on a cash and debt free basis. The consideration is financed from cash at hand. In addition, Evolution may pay earn-out payments in cash, based on Nolimit City’s EBITDA for the years 2022, 2023 and 2024, respectively. The earn-out payments will amount to a maximum of EUR 140 million, and become payable in 2023, 2024 and 2025, respectively.

Conditions and time plan for the acquisition

Completion of the Transaction is conditional upon receipt of regulatory approvals and is expected during Q3 2022.

Advisors

Evolution has engaged Gernandt & Danielsson, Wiggin, Deloitte and EY in connection with the Transaction. Nolimit City has engaged Advokatfirman Delphi as legal advisor in connection with the Transaction.

Powered by WPeMatico

Continue Reading
Advertisement

AOGGAB

EGT with two accolades from Golden Spade’s Awards 2025

Published

on

egt-with-two-accolades-from-golden-spade’s-awards-2025

Reading Time: 2 minutes

EGT received well-deserved recognition at the Golden Spade’s Awards 2025 ceremony. At the event, held on November 25, the company took the Slot Machine of the Year prize, and its CEO, Vladimir Dokov, was honored with a Certificate for Outstanding Contribution to the Development of the Gaming Industry.

EGT has been distinguished for the excellent performance of its latest series of slot cabinets Supreme, including 4 models – S 32-32 UP, S 32-32 ST, S 55 S ST, and S 55 V ST. For only several months this year, they had numerous installations and have established themselves as players’ favorites in a number of markets around the world, thanks to the perfect combination of eye-catching design, unmatched comfort, and their compatibility with some of the most popular games from the company’s portfolio.

Mr. Dokov was granted the Certificate for Outstanding Contribution to the Development of the Gaming Industry in recognition of his exceptional impact on the sector in Europe and beyond and his role in positioning Bulgaria among the top gaming solutions providers on a global level.

When accepting the awards, he said: “I am honored to be here tonight among so many industry leaders and to receive these two accolades. They are irrefutable proof that even the most ambitious plans can be accomplished when you work with a team of talented and motivated professionals for whom innovation and technological progress are not just high values, but achievable goals. This success belongs to them.”

The Golden Spade’s Awards ceremony was part of the prestigious Gaming Industry Gala Dinner 2025, organized by the Association of Organizers of Gambling Games and Activities in Bulgaria (AOGGAB) with the support of EUROMAT. This year’s edition of the event, which was the third in a row, gathered leading companies and figures from Bulgaria and abroad under the motto “Together in Europe“ and gave them the opportunity to focus on topics like European integration, professional collaboration, and the shared vision for a sustainable future of the industry.

The post EGT with two accolades from Golden Spade’s Awards 2025 appeared first on European Gaming Industry News.

Continue Reading

Gauselmann

Michael Gauselmann at 70: Entrepreneur, Innovator and Chairman of Merkur Group’s Supervisory Board

Published

on

michael-gauselmann-at-70:-entrepreneur,-innovator-and-chairman-of-merkur-group’s-supervisory-board

Reading Time: 3 minutes

“Everything I do, I do with great passion.” A glance at the life of Michael Gauselmann quickly reveals why the Chairman of the Supervisory Board of the Merkur Group and Chairman of the Board of Directors of the Gauselmann Family Foundation chose these words. He can look back on 70 years dedicated to businesses, products and people – shaped by his passion for gaming, entrepreneurial courage and clear, forward-looking decisions.

Born on 28 November 1955 as the second son of company founder Paul Gauselmann, Michael Gauselmann became familiar with the world of vending machines early on. From the age of 13, he spent every school holiday working in his father’s company – always in different departments. This early mix of hands-on experience and an understanding of processes and figures laid the foundation for his later career.

After completing his A-levels, he studied Business Administration at the University of Hamburg, specialising in IT, statistics and marketing. As a graduate, he combined numerical expertise, technical affinity and market awareness – a combination that would later fuel numerous innovations within the Group. In 1982, he joined Nova-Apparate in Hamburg as Executive Assistant, before becoming Commercial Manager of Franken-Automaten Südvertrieb a year later. With the company’s integration into what was then the Gauselmann Group, his true journey within the family business began.

The years that followed were characterised by rapid advancement and significant responsibility. From 1984 to 1986, Michael Gauselmann served as Commercial Manager of today’s adp Merkur as well as CFO of the Group. He then took over management of the former Merkur Spielothek, now Merkur Operations, until 1992 – during a period of strong expansion with around 250 arcades in Germany.

A year later, his focus increasingly shifted to international markets. The “game designer at heart”, as he describes himself, played a pivotal role in developing the Group’s global activities. He acquired Atronic and turned it into a key business unit for the development, production and distribution of casino machines, drove the acquisition of Bell-Fruit Games in the UK and established Stella Electronic for the European market. His passion for games and keen sense for innovation significantly accelerated the Group’s internationalisation.

From 1994 to 2004, Michael Gauselmann was Deputy Chairman of the Management Board of Gauselmann AG. From 2004 until the establishment of the Gauselmann Family Foundation, he and his father Paul acted as co-spokespersons of the Management Board. While he was mainly responsible for the international business and his father concentrated on domestic operations, their shared responsibility for the Group continued to grow.

At the same time, Michael Gauselmann consciously sought new perspectives. He earned a pilot’s licence and enjoyed the vastness of the skies. He became a hunter and now takes care of wildlife conservation in his adopted home of Austria. Today, he lives in Graz in the province of Styria.

Since 2016, he has been a member of the Advisory Board of the Gauselmann Family Foundation. And when his father stepped down from the top of the Group last year, it was clear who would take the helm: since October 2024, Michael Gauselmann has been Chairman of the Supervisory Board of the Group and Chairman of the Board of Directors of the Gauselmann Family Foundation. He sees his role as that of motivator, overseer and adviser. He knows the industry “inside out” – it is in his blood. At the same time, he does not want to “bring back the Gauselmann face” to the company. The focus today, he says, should be on the Merkur brand, the Management Board and the teams.

Above all, he wants a Management Board made up of strong personalities “who don’t just say ‘Yes, Mr Gauselmann’”. “We are a fantastic corporate group with countless opportunities,” he says. “We create entertainment – and that is something to be proud of.” Restoring this sense of pride among employees is one of his key aspirations. Looking ahead, Michael Gauselmann has set himself a clear personal goal: he plans to step back from his roles no later than the age of 75. Until then, he intends to actively support the continued development of the Merkur Group as a modern, internationally positioned entertainment provider.

The post Michael Gauselmann at 70: Entrepreneur, Innovator and Chairman of Merkur Group’s Supervisory Board appeared first on European Gaming Industry News.

Continue Reading

Adam Kamiar Commercial Director Ganadu

Three online casinos in five months from Ganadu – Meet Berriez

Published

on

three-online-casinos-in-five-months-from-ganadu-–-meet-berriez

Reading Time: 3 minutes

Ganadu Gaming Ltd. has announced the launch of Berriez, its third online brand launch within the unprecedented timeline of five months.  The operator is showing no signs of slowing down, either, with plans already underway for the next product launches, prompting industry stalwarts to wonder what’s behind this rapid growth mindset and what’s coming next.

Sustainability through growth

The three casino brands, Flamez, Speedz and now Berriez have all been built, tested and launched in an incredibly tight time frame, each with its own selection of games, bespoke welcome offers and distinct branding. The releases turn the concept of online casino marketing on its head: that a brand launch should be a dedicated focus that lasts for months, if not extending to years, rather than the Ganadu style of business that has focused on rapid deployment and market penetration. This methodology, according to the team, is exactly what will lead to sustainability.

What to expect from Ganadu

The primary focus for Ganadu is one of rapid growth, with more brands, product offering expansion and increased market penetration all on the cards for 2026. Having laid the foundations, the leadership team is confident that these goals are all attainable.

Adam Kamiar, Commercial Director, Ganadu offers some insights into this explosive marketing activity: “Ganadu is your archetypal multibrand: we have industry experts able to create products that target segmented markets, so we’re able to diversify our products at a rapid pace. Our platform architecture has been created with this in mind, allowing us to replicate certain elements while ensuring that the branding is fresh and appealing for different audiences. 

He continues: “We’re aiming for a vast suite of products and brands that reach every conceivable market segment; more than that, we’re looking to dominate in those segments and marketplaces in which players are accessing our brands. Time is one of the factors that provides us with the means to do this. Our tightly-knit teams have perfected efficiency when it comes to product development and deployment, so we’re always working on the next ideas in conjunction with our current product focuses. Historically, operators have spent way too long in product development. We’ve specifically reduced the steps it takes to get from product conception to launch. This allows us to start achieving revenue at an earlier time, so the timeline from business development to profitability is reduced. It’s a win-win for us”.

Ganadu has close relationships with the world’s leading game providers as well as payment providers, so the organisation can leverage those partnerships to great effect for the benefit of customers, existing and new players alike.

The Berriez experience

Berriez is designed to offer a slick user experience with plenty of special promotions and bonus opportunities to sweeten the deal.

Players can look forward to easy registration processes, rapid deposit and withdrawals across secure payment systems that include selected credit cards, e-wallets, or online banking to suit player preferences, with the peace of mind of knowing that world-class encryption and security technology is in place to safeguard their personal data.

There are thousands of games to choose from, including familiar favourite slot games, Live casino action and table games. Game providers like Hacksaw Gaming, Pragmatic Play, Play’n GO and Evolution are all present, so players can browse the games lobby at their leisure for the themes, titles and experiences they enjoy. Berriez is optimised for both desktop and mobile play.

To kick off the fun, there’s a generous Welcome Offer, and regular promotions across popular game titles are bound to keep players engaged. A Daily Cashback offer has proven to be successful at Flamez and Speedz: this attractive proposition welcomes players to Berriez, too.

The entire Berriez experience is a sweet one! 

Ganadu Gaming has assured customers that every product enhancement and new brand release comes with a commitment to player enjoyment; there will be even more exciting releases to look forward to in the near future.

Licensed and regulated 

Berriez Casino is operated by Ganadu, under a strict license from the Kahnawake Gaming Commission (KGC), ensuring fair play and regulatory compliance. The platform employs state-of-the-art encryption to safeguard personal and financial data. Berriez is equipped with the prestigious ISO 27001 certification, underscoring the company’s commitment to information security.

Note: Certain games are restricted within certain territories due to regulatory requirements. 

The post Three online casinos in five months from Ganadu – Meet Berriez appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania