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).

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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.

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.

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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.

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.

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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.

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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.

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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.

Premium casino content developer, Red Rake Gaming, partners with Swiss4Win, the online brand from Casino Lugano, to distribute their high-end and innovative suite of top performing casino games into the regulated Swiss market.

The collaboration will grant Swiss4Win access to Red Rake Gaming studio’s outstanding array of top-tier games. Among these, there are renowned titles such as Guardians of Luxor featuring scatters, mini-games, special wheels, 1st of the Irish with its multiple features and captivating cascading reels, and others such as Mega Rich, Ultra Burst, 2 Kings of Africa, Guardian of Ra.

These games have already captured the hearts of players worldwide and are currently leading the charts in several regulated European markets and this strategic and commercial partnership is part of the supplier’s plans to expand across Europe and supply innovative games to operator partners worldwide.

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Nick Barr, Managing Director for Red Rake Gaming Malta, commented on the partnership stating: “We could not be more thrilled to partner with Swiss4Win, who are a dominating force in the Swiss market thanks to their player first approach and delivery of the best service to their players. We are very confident the Red Rake Games will play a strong part in Swiss4Win’s continued growth and delighted to work with all the team at Casino Lugano.”

Paolo Sanvido, Chief Executive Officer at Casino Lugano/Swiss4Win, said: “Red Rake Gaming is an innovative brand in the online gaming industry. The inclusion of their innovative titles within our gaming platform is something we welcome with great enthusiasm, confident that we will deliver an even more fun and engaging gaming experience.”