Latest News
Gaming Corps signs groundbreaking strategic agreement with major shareholder, Denwena Limited
Gaming Corps, a publicly listed game studio based in Sweden, has entered into a strategic collaboration agreement with global iGaming group and existing major shareholder, Denwena Limited.
The agreement, subject to approval by Gaming Corps’ shareholders, aims to drive growth through the joint production, marketing and distribution of games.
In addition, Denwena will market Gaming Corps as a game studio to other operators and providers, as well as use its extensive network of streamers and influencers for major digital marketing campaigns for the games produced under the collaboration.
The agreement is based upon milestones regarding Gaming Corps’ monthly revenue, linked to the joint games produced. Each milestone is achieved when the turnover from the collaboration reaches or exceeds a specific threshold for a single calendar month, outlined in the table below.
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Should these milestones be achieved, Denwena Limited will be compensated through a warrant program with a predetermined number of shares in Gaming Corps for each milestone reached.
If the collaboration achieves all eight milestones, which Gaming Corps and Denwena Limited acknowledge to be ambitious, the maximum number of warrants Denwena Limited can receive is 208,640,208 with the maximum dilution in Gaming Corps shares fixed at 58.9%.
Each warrant entitles Denwena to subscribe for one new share in Gaming Corps at a subscription price of SEK 1.34 (which corresponds to 130 per cent of the volume-weighted average price (VWAP) of the Company’s share on Nasdaq First North Growth Market thirty trading days before June 16, 2025
Given the high levels of turnover required by the agreement’s various milestones, there is no communicated timetable for when each milestone will be achieved.
In addition to the collaboration agreement, Gaming Corps and Denwena Limited have entered into a loan agreement for a credit facility totalling €2 million, maturing on 20 June 2028 with an interest rate of 6 per cent per annum.
The total value of the agreement is approximately SEK 280 million, which means that the rules in AMN 2025:19 on certain related party transactions need to be considered to comply with generally accepted practice in the stock market.
Against this background, the agreement is subject to approval by Gaming Corps’ shareholders at an extraordinary general meeting. Notice of the meeting will be published shortly. The shares and votes held by Denwena will not be considered in the resolution of the General Meeting.
If milestones are reached, Denwena will subscribe for new shares in Gaming Corps with the support of the warrants Denwena receives in connection with each milestone.
These shares will be transferred from Denwena to Denwena’s owners to avoid mandatory bids in the Company. There is no agreement or other agreement between Denwena’s owners regarding the coordinated exercise of voting rights in Gaming Corps.
“The collaboration with Denwena Limited has had a flying start, and when they first chose to double their RGS agreement with us and then also enter heavily as an owner in connection with our directed share issue in the autumn of 2024, it was an important step for our company journey. To now be able to tell you about the continued path we have set out for Gaming Corps together with them feels incredibly exciting. Our common ambition is to build Gaming Corps into one of the great dragons among the world’s game studios in the coming years. Thanks to the step-by-step model with milestones that the collaboration is based on, the risks for us as a company are small, while the opportunities for both the Company and us shareholders are extremely exciting,” comments Juha Kauppinen, CEO of Gaming Corps.
“We are very pleased with the design of this agreement. In the event of a successful exchange, there is indeed a large dilution effect on our share, but at the same time it is fully conditional on extreme revenue growth levels for Gaming Corps, levels that most likely create value for our shareholders at completely different levels than the dilution effect,” adds Bülent Balikci, Chairman of the Board of Gaming Corps.
“This, in turn, means that if sales do not increase according to our set milestones and joint ambition, there will be no dilution of the share. In addition, Denwena is committed to supporting us with the financing needs that may arise when we gear up the organisation in such a comprehensive way through a loan agreement. Thus, the structure of the agreement creates double built-in protections for our existing investors.
“Here I would also like to clarify that it is only the turnover directly derived from the collaboration with Denwena Limited that is included in these calculations of milestones, while our other operations continue according to the previously communicated strategy and plan.”
Juha Kauppinen, CEO of Gaming Corps, concludes: “Although we have had a very good revenue development in Gaming Corps in recent years, the figures discussed in this collaboration are at very high levels. If we were to achieve only a couple of these milestones, we are likely to be more than profitable, which would be a fantastic development for Gaming Corps and the shareholders.
“In parallel, we will of course also continue to build the Company according to our previous communication, where our strong distribution network and our innovative, unique game engines have given us a solid foundation for increased shareholder value in the long-term work towards profitability, concludes.”
The post Gaming Corps signs groundbreaking strategic agreement with major shareholder, Denwena Limited appeared first on European Gaming Industry News.
Latest News
Behind the Game: Retention That Drives Revenue
Traffic performance isn’t just about volume or source. What really matters is how well the product turns the first deposit into repeat ones. That’s what drives conversion, retention, repeat deposits, and ultimately LTV — and that’s what defines a partner’s real revenue.
Behind the Game is a series of expert-driven articles where N1 Partners’ gambling affiliate program teams break down what’s happening inside the product and which decisions actually move key metrics.
In this edition, we focus on retention and how it impacts product sustainability and partner earnings.
Why Retention Turns Traffic Into Revenue
Retention is the clearest indicator of whether your traffic matches the actual value of the product. If players don’t come back after their first deposit, the product simply doesn’t convert in the long run.
In Tier-1 GEOs, acquisition costs can reach hundreds of euros. If players don’t make repeat deposits, both the operator and the partner lose.
That’s why success isn’t just about acquisition — it’s about product quality. The N1 Partners portfolio includes high-converting brands with Reg2Dep reaching up to 70% and strong LTV, allowing partners to monetize traffic more efficiently and reach profitability faster.
1. What “Healthy Retention” Looks Like in 2026
In 2026, retention is no longer measured by a single metric. It’s a combination of signals across the entire post-FTD journey.
The key is not just how many players return, but where they drop off.
What key indicators help quickly assess retention quality after FTD?
The core metrics are funnel progression and cohort analysis. Players who move quickly through stages like 1–6 / 1–8 deposits typically form a loyal, active base.
All further communication and retention flows are built to increase transition rates across these stages.
Where does the player journey usually break after the first deposit, and how is it reflected in the data?
The most sensitive point in the FTD funnel is the 1-2 deposit transition. After the first deposit, players start actively testing the product.
At this stage, retention is influenced by several factors: product UX, game variety, overall experience, and withdrawal speed.
All of these pain points are taken into account when building communication flows.
2. Why Retention Drops and What Can Be Fixed Fast
Retention drops are usually caused by mismatched expectations, bonus fatigue, weak personalization, or poor timing in communication.
Some issues can be fixed quickly via CRM and offer adjustments, while others require deeper product-level changes.
What are the top 3 reasons for retention drop across projects? What can be fixed quickly vs. what requires systemic changes?
Retention issues can be divided into three main groups.
Technical and operational issues: payment methods, access to the product, mirrors. These directly impact churn and can usually be fixed quickly. Solutions include alternative payment options, explanatory communication, temporary bonuses, and updated access points.
Product and retention mechanics: weak offers, low engagement. These require revisiting promo strategies, segmentation, and retention flows, and cannot be fixed instantly.
Traffic quality. This is the most complex area, as the issue may lie either in the traffic itself or in how it is processed. It requires behavioral analysis, source comparison, and hypothesis testing across offers, channels, and mechanics. In some cases, this leads to a full revision of the traffic strategy.
What traffic red flags almost always lead to weak retention?
- A high share of players with only one deposit and an untouched balance is a major red flag and often indicates fraud.
- Another common case is bonus hunters. These users exploit welcome offers and then either create duplicate accounts or move on to other brands with the same intent.
3. Reactivation and Bringing Players Back
Reactivation plays a critical role in extending LTV. Players may lose interest, shift habits, or move to other products — but that doesn’t mean they’re gone for good.
What are the key advantages of the reactivation funnel across N1 Partners projects?
The reactivation approach combines team experience with flexible scenarios. Multiple return flows are used, each with different types and values of offers.
Additionally, a system has been implemented to increase engagement after the player returns, which helps grow the share of repeat deposits within this segment.
Another key factor is the speed of identifying players who are about to churn. This is achieved through platform updates, filtering systems, and accumulated behavioral insights.
These elements, combined with a variety of offers and alternative communication channels such as SMS and call centers, make it possible to bring back players who are typically considered “lost.”
4. Mechanics That Actually Retain Players
Retention works best when the product taps into different player motivations: emotion and chance, progress and achievement, status and competition.
What unique features or promos across N1 Partners projects stand out and why do they work for retention?
With deeper analytics, the team gained a better understanding of player behavior and preferences. Promos are now built around real data: favorite games, average bets, and behavioral patterns, making them significantly more effective.
Key mechanics include front-facing features like Bonus Shop and Lucky Spin & Lucky Box. Around 60% of the loyal user base makes at least one purchase in the bonus shop monthly, while over 70% engage with randomizer mechanics.
Puzzle Hunt has also shown strong results, combining randomness with gamification through puzzle collection and a high-value final reward. This mechanic performs especially well among VIP players.
5. Building the Habit: Missions, Calendars, and Loyalty
Strong retention comes from giving players a reason to come back regularly.
Why do missions, calendar-based activities, and loyalty progression drive retention and LTV?
Gamification and FOMO play a key role. Mechanics are designed to drive continuous engagement:
- Earning in-product points
- Daily bonus loops (“come back every day”)
- Loss aversion (miss a day – lose rewards)
Instant reward missions are especially effective. Players complete a task, get rewarded immediately, and return for the next one.
With a younger audience, the “here and now” principle becomes one of the strongest engagement drivers.
6. Loyalty and VIP: Why Progression Beats One-Off Bonuses
Loyalty programs outperform one-time bonuses when players have a clear sense of progression. Levels and checkpoints create momentum and give players a reason to keep coming back.
The key is balance: early levels must feel rewarding and accessible, while higher tiers and VIP rewards should motivate high-value players.
How can you tell if a loyalty program truly drives retention rather than just distributing bonuses?
Effectiveness is measured through impact on behavioral and financial metrics. Key indicators include repeat deposits, ARPU, GGR per player, retention, and churn rate.
It’s also critical to compare program participants with a control group. If participants generate higher revenue and stay active longer, the program is delivering value.
If bonus costs increase without corresponding growth in GGR or LTV, the program is likely just giving away money.
Why Retention Equals Long-Term Revenue
Retention determines whether traffic turns into long-term profit. When done right, the first deposit becomes the start of a cycle of repeat activity — not a one-off event.
If there’s one key criterion for choosing a RevShare brand, what should it be?
Repeat deposit rate. In RevShare models, partner revenue depends on player lifetime. The more often players deposit, the higher the total earnings.
This is exactly why it’s crucial to work with products that already deliver solid performance across key metrics. N1 Partners gambling affiliate program brings together 14+ casino and betting brands across 10+ Tier-1 GEOs, offering competitive scaling conditions — CPA up to €700 for top partners and RevShare up to 45% + NNCO.
A product that consistently retains players and grows LTV delivers stable, long-term revenue — and that’s what makes it worth scaling.
Be number one with N1 Partners
Game Development
Weekend Reels: Slot Drops & Trends Shaping the Market
A closer look at the latest slot releases and the mechanics driving the current design direction
The latest wave of slot releases highlights a market that is no longer driven by volume alone, but by structure, retention, and increasingly complex gameplay systems.
Across recent launches, suppliers are leaning into deeper mechanics — from progression layers and expanding grids to bonus-first formats and branded experiences designed for longer player engagement.
Rather than simply introducing new themes, the focus is shifting toward how games evolve and how players interact with features beyond the base spin.
System-Driven Design Takes the Lead
One of the clearest signals comes from Dark Waters III Power Combo: The Cursed Voyage
by Games Global in collaboration with Just For The Win®. The title combines a progression meter, expanding grid mechanics, and evolving Free Spins, creating a layered experience that extends beyond traditional session-based play.

Similarly, MONOPOLY MEGAPOTS
from Big Time Gaming demonstrates how branded content is evolving. Instead of relying purely on recognition, the game integrates high-density mechanics, scaling multipliers, and multiple feature layers, aligning familiar IP with modern gameplay expectations.
![]()
Branded Content Evolves Beyond Recognition
The release of Game of Thrones
by Blueprint Gaming further reinforces this shift. Built around a progression-based structure, including a “Seven Kingdoms” map and feature modifiers, the title reflects a broader move toward IP-driven games that offer depth and continuity rather than surface-level branding.

Expanding Core Mechanics
Several releases highlight how established mechanics are being extended rather than replaced.
Candy Links Bonanza 3 by Stakelogic builds on a proven framework by introducing additional layers and enhanced jackpot features.

Ultra Buffalo Hold and Win from Booming Games follows a similar path, expanding the classic Hold and Win model with grid expansion and additional bonus elements.

Meanwhile, Fortune Dragon Joy by Habanero leans into high-volatility gameplay, combining traditional thematic elements with strong multiplier potential and feature carry-over.

Broader Market Activity
Alongside these standout releases, a range of additional titles reflects the industry’s current baseline:
- Wazdan – Magic Fruit$: Oranges
- PG Soft – Mayan Destiny
- GAMOMAT – Frooty Troupe – Game On!
- Pragmatic Play – Jelly Express
- Greentube – Rumble Riches
Haulin’ Gold
- BGaming – Sugar Merge Up

- BGaming / Perfect Position – Gates of Power
- RAW iGaming – Fortune Teller’s Charm 6 BONUS RUSH
These releases continue to explore variations of bonus mechanics, thematic diversity, and mobile-first design, reinforcing broader industry trends.
From Games to Systems
Taken together, the latest releases point to a clear transition in slot development.
The focus is shifting from standalone gameplay experiences to structured systems built around retention, where progression, persistence, and feature layering play a central role.
As competition intensifies, differentiation is no longer achieved through theme alone, but through how effectively a game can sustain engagement over time.
The post Weekend Reels: Slot Drops & Trends Shaping the Market appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Behind the Game
Behind the Game: Retention That Drives Revenue
Traffic performance isn’t just about volume or source. What really matters is how well the product turns the first deposit into repeat ones. That’s what drives conversion, retention, repeat deposits, and ultimately LTV — and that’s what defines a partner’s real revenue.
Behind the Game is a series of expert-driven articles where N1 Partners’ gambling affiliate program teams break down what’s happening inside the product and which decisions actually move key metrics.
In this edition, we focus on retention and how it impacts product sustainability and partner earnings.
Why Retention Turns Traffic Into Revenue
Retention is the clearest indicator of whether your traffic matches the actual value of the product. If players don’t come back after their first deposit, the product simply doesn’t convert in the long run.
In Tier-1 GEOs, acquisition costs can reach hundreds of euros. If players don’t make repeat deposits, both the operator and the partner lose.
That’s why success isn’t just about acquisition — it’s about product quality. The N1 Partners portfolio includes high-converting brands with Reg2Dep reaching up to 70% and strong LTV, allowing partners to monetize traffic more efficiently and reach profitability faster.
1. What “Healthy Retention” Looks Like in 2026
In 2026, retention is no longer measured by a single metric. It’s a combination of signals across the entire post-FTD journey.
The key is not just how many players return, but where they drop off.
What key indicators help quickly assess retention quality after FTD?
The core metrics are funnel progression and cohort analysis. Players who move quickly through stages like 1–6 / 1–8 deposits typically form a loyal, active base.
All further communication and retention flows are built to increase transition rates across these stages.
Where does the player journey usually break after the first deposit, and how is it reflected in the data?
The most sensitive point in the FTD funnel is the 1-2 deposit transition. After the first deposit, players start actively testing the product.
At this stage, retention is influenced by several factors: product UX, game variety, overall experience, and withdrawal speed.
All of these pain points are taken into account when building communication flows.
2. Why Retention Drops and What Can Be Fixed Fast
Retention drops are usually caused by mismatched expectations, bonus fatigue, weak personalization, or poor timing in communication.
Some issues can be fixed quickly via CRM and offer adjustments, while others require deeper product-level changes.
What are the top 3 reasons for retention drop across projects? What can be fixed quickly vs. what requires systemic changes?
Retention issues can be divided into three main groups.
Technical and operational issues: payment methods, access to the product, mirrors. These directly impact churn and can usually be fixed quickly. Solutions include alternative payment options, explanatory communication, temporary bonuses, and updated access points.
Product and retention mechanics: weak offers, low engagement. These require revisiting promo strategies, segmentation, and retention flows, and cannot be fixed instantly.
Traffic quality. This is the most complex area, as the issue may lie either in the traffic itself or in how it is processed. It requires behavioral analysis, source comparison, and hypothesis testing across offers, channels, and mechanics. In some cases, this leads to a full revision of the traffic strategy.
What traffic red flags almost always lead to weak retention?
- A high share of players with only one deposit and an untouched balance is a major red flag and often indicates fraud.
- Another common case is bonus hunters. These users exploit welcome offers and then either create duplicate accounts or move on to other brands with the same intent.
3. Reactivation and Bringing Players Back
Reactivation plays a critical role in extending LTV. Players may lose interest, shift habits, or move to other products — but that doesn’t mean they’re gone for good.
What are the key advantages of the reactivation funnel across N1 Partners projects?
The reactivation approach combines team experience with flexible scenarios. Multiple return flows are used, each with different types and values of offers.
Additionally, a system has been implemented to increase engagement after the player returns, which helps grow the share of repeat deposits within this segment.
Another key factor is the speed of identifying players who are about to churn. This is achieved through platform updates, filtering systems, and accumulated behavioral insights.
These elements, combined with a variety of offers and alternative communication channels such as SMS and call centers, make it possible to bring back players who are typically considered “lost.”
4. Mechanics That Actually Retain Players
Retention works best when the product taps into different player motivations: emotion and chance, progress and achievement, status and competition.
What unique features or promos across N1 Partners projects stand out and why do they work for retention?
With deeper analytics, the team gained a better understanding of player behavior and preferences. Promos are now built around real data: favorite games, average bets, and behavioral patterns, making them significantly more effective.
Key mechanics include front-facing features like Bonus Shop and Lucky Spin & Lucky Box. Around 60% of the loyal user base makes at least one purchase in the bonus shop monthly, while over 70% engage with randomizer mechanics.
Puzzle Hunt has also shown strong results, combining randomness with gamification through puzzle collection and a high-value final reward. This mechanic performs especially well among VIP players.
5. Building the Habit: Missions, Calendars, and Loyalty
Strong retention comes from giving players a reason to come back regularly.
Why do missions, calendar-based activities, and loyalty progression drive retention and LTV?
Gamification and FOMO play a key role. Mechanics are designed to drive continuous engagement:
- Earning in-product points
- Daily bonus loops (“come back every day”)
- Loss aversion (miss a day – lose rewards)
Instant reward missions are especially effective. Players complete a task, get rewarded immediately, and return for the next one.
With a younger audience, the “here and now” principle becomes one of the strongest engagement drivers.
6. Loyalty and VIP: Why Progression Beats One-Off Bonuses
Loyalty programs outperform one-time bonuses when players have a clear sense of progression. Levels and checkpoints create momentum and give players a reason to keep coming back.
The key is balance: early levels must feel rewarding and accessible, while higher tiers and VIP rewards should motivate high-value players.
How can you tell if a loyalty program truly drives retention rather than just distributing bonuses?
Effectiveness is measured through impact on behavioral and financial metrics. Key indicators include repeat deposits, ARPU, GGR per player, retention, and churn rate.
It’s also critical to compare program participants with a control group. If participants generate higher revenue and stay active longer, the program is delivering value.
If bonus costs increase without corresponding growth in GGR or LTV, the program is likely just giving away money.
Why Retention Equals Long-Term Revenue
Retention determines whether traffic turns into long-term profit. When done right, the first deposit becomes the start of a cycle of repeat activity — not a one-off event.
If there’s one key criterion for choosing a RevShare brand, what should it be?
Repeat deposit rate. In RevShare models, partner revenue depends on player lifetime. The more often players deposit, the higher the total earnings.
This is exactly why it’s crucial to work with products that already deliver solid performance across key metrics. N1 Partners gambling affiliate program brings together 14+ casino and betting brands across 10+ Tier-1 GEOs, offering competitive scaling conditions — CPA up to €700 for top partners and RevShare up to 45% + NNCO.
A product that consistently retains players and grows LTV delivers stable, long-term revenue — and that’s what makes it worth scaling.
Be number one with N1 Partners
The post Behind the Game: Retention That Drives Revenue appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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