Press Releases

Lara Jones returns in a new quest to win ancient Egyptian treasures

Published

4 years ago

March 30, 2020

Reading Time: 2 minutes

Spearhead Studios announces the launch of Lara Jones is Cleopatra, new high volatility, innovative title, which sets its action inside the tomb of the famous Egyptian Queen. The game sees the alluring treasure explorer, Lara Jones, in her new adventure to entertain video slots fans.

Fresh from her adventures in the highly successful precursor game, The Book of Souls^TM, Lara Jones is on a new quest to discover the remarkable treasures hidden deep inside the tomb of Egyptian Queen, Cleopatra.

The game, which was developed using Spearhead Studios’s proprietary game development technology and tools, is optimised for mobile gameplay and is highly responsive across devices. The UI responds fluidly to the device orientation, and the file size is best-in-class for premium-quality games of this type. It is available in a wide range of currencies and languages and is certified for all major jurisdictions.

Kevin Corti, Game Development Director at Spearhead, comments: “Our internal team has excelled, once again, in producing this game. The math model is highly engaging, the artwork and visual are stunning, and the audio effects close to a cinematic experience. I am very proud of everyone who worked on Lara Jones is Cleopatra and I am extremely confident that players will love it”.

Mathias Larsson, Managing Director at Spearhead, says: “I am thrilled that we are bringing our lead character, from our top-performing game The Book of Souls^TM into our latest title, Lara Jones is Cleopatra. She will continue to star in upcoming titles, along with many other entertaining characters which we plan to introduce in the forthcoming months.

“Lara Jones is Cleopatra is our 4th game release of 2020, demonstrating that we are truly delivering high-quality games in rapid succession. In Q2, we will maintain this momentum, releasing a minimum of 5 new titles”.

Lara Jones is Cleopatra is a high volatility, 5×3 video slot with ten pay lines and a maximum win approaching 17,000X. The base game offers single-line wins of up to 3,000X and the Cleopatra Spin which, when triggered, sees all Queen, Jack and 10 symbols being replaced with the top-paying Cleopatra symbol potentially generating wins in excess of 1,000X. All base and feature wins can be entered into the Gamble Ladder to potentially increase them up to €30,000.

The appearance of three scatters in the base game will transport the player to deep inside Cleopatra’s tomb and grant them an initial ten free spins. During free spins, any wilds that land on the reels become Sticky Wilds for all subsequent free spins – including any retriggers – building a tremendous sense of excitement when the right symbols land. The game has a Return to Player (RTP) of 96.46%.

If you want to test the game, please reach out to: [email protected].

eSports

Tundra Esports Announces New Official Supplier Partnership with Gladiator PC

Published

14 mins ago

May 14, 2024

George Miller

tundra-esports-announces-new-official-supplier-partnership-with-gladiator-pc

Reading Time: 2 minutes

Tundra Esports, The International 11 Champions and a leading competitive esports team playing in Dota 2, proudly announces a game-changing collaboration with Gladiator PC, a pioneer in high-performance gaming technology as their Official Supplier.

As Tundra Esports continues its competitive success with its Dota 2 team on the road to the Esports World Cup, this alliance will provide top-of-the-line gaming hardware and solutions tailored to the players for the rigorous demands of the competitive scene.

This strategic partnership is a significant milestone for both as they join forces to elevate the team’s gaming experience on and off the stage. Both Tundra and Gladiator PC will combine their efforts in empowering the Dota 2 roster with their top of the range PC’s available. Through this collaboration, Tundra’s players and team members will benefit and showcase the award-winning systems to the next generation of avid gamers.

Together, Tundra and Gladiator PC aim to redefine what it means to compete at the highest level.

Maxim Demin Jr, Owner & Managing Director at Tundra Esports: “We are thrilled to embark on this journey with Gladiator PC. Their commitment to pushing the boundaries of gaming hardware aligns perfectly with our strategic vision of competitive excellence in esports.”

Gladiator PC shares Tundra Esports enthusiasm for this partnership. “Joining forces with Tundra Esports and their fighting spirit represents a commonality of shared goals. We strive to deliver unprecedented quality at the very best competitive pricing”, said Ian Fraser, Managing Director of Gladiator PC. “We are confident that our cutting-edge technology will enable Tundra’s players to unleash their full potential and dominate the competition.”

The collaboration between Tundra Esports’ and Gladiator PC promises to deliver groundbreaking advancements in gaming performance, setting a new standard for the esports industry. Fans and competitors alike can look forward to witnessing the impressive results of this dynamic partnership.

The post Tundra Esports Announces New Official Supplier Partnership with Gladiator PC appeared first on European Gaming Industry News.

Latest News

Genius Sports Reports First Quarter Results Above Expectations and Raises 2024 Group Revenue and Adj. EBITDA Guidance

Published

1 hour ago

May 14, 2024

George Miller

genius-sports-reports-first-quarter-results-above-expectations-and-raises-2024-group-revenue-and-adj.-ebitda-guidance

Reading Time: < 1 minute

Q1 Earnings 2024 Carousel 8th May

Group Revenue of $120m, exceeding first quarter guidance of $117m
Group Net Loss of ($26m) and Group Adj. EBITDA of $7m, exceeding guidance of $6m
Raised 2024 Group Revenue and Adj. EBITDA guidance to $500m and $82m, respectively, up from prior guidance of $480m and $75m
Reaffirming expectation to generate positive cash flow in 2024
Increased financial flexibility by entering into $90 million committed revolving credit facility with Citibank and Deutsche Bank

Genius Sports Limited, the official data, technology and broadcast partner that powers the global ecosystem connecting sports, betting and media, today announced financial results for its fiscal first quarter ended March 31, 2024.

“Following a strong year of execution in 2023, we are pleased to continue our momentum to start the new year, with the first quarter of 2024 marking another period of outperformance relative to expectations,” said Mark Locke, Genius Sports Co-Founder and CEO. “As we expand our technology footprint and work to extend one of our most important data partnerships with Football DataCo, we feel an enhanced sense of excitement and confidence in our outlook for 2024 and beyond.”

*$ in thousands*	Q124	Q123	%
Group Revenue	119,718	97,229	23.1%
Betting Technology, Content & Services	73,897	64,740	14.1%
Media Technology, Content & Services	35,475	21,764	63.0%
Sports Technology & Services	10,346	10,725	(3.5%)
Group Net loss	(25,541)	(25,168)	(1.5%)
Group Adjusted EBITDA	6,878	8,042	(14.5%)
Group Adjusted EBITDA Margin	5.7%	8.3%	(260 bps)

View the full press release here.

The post Genius Sports Reports First Quarter Results Above Expectations and Raises 2024 Group Revenue and Adj. EBITDA Guidance appeared first on European Gaming Industry News.

AGS

AGS Enters Into Definitive Agreement To Be Acquired By Brightstar Capital Partners for Approximately $1.1 Billion

Published

1 hour ago

May 14, 2024

GamingAmericas.com

ags-enters-into-definitive-agreement-to-be-acquired-by-brightstar-capital-partners-for-approximately-$1.1-billion

PlayAGS, Incorporated, a global gaming supplier of high-performing slot, table, and interactive products, today announced that it has signed a definitive agreement to be acquired by affiliates of Brightstar Capital Partners (“Brightstar”), a middle market private equity firm focused on investing in industrial, manufacturing, and services businesses.

The Company’s Board of Directors has unanimously approved, and recommended that the Company’s stockholders approve, the agreement. AGS shareholders will receive $12.50 per share in cash. The per share purchase price represents a 41% premium to the Company’s volume-weighted average share price over the last 90 days and a 40% premium to AGS’ closing price on May 8, 2024.

AGS is a global company focused on creating a diverse mix of entertaining gaming experiences for every kind of player. Powered by high-performing slot products, an expansive table products portfolio, and highly rated online casino content, the Company believes it offers an unmatched value proposition for its casino partners.

“We are very pleased to reach this agreement, which we believe provides our stockholders with compelling, certain cash value. Joining forces with Brightstar represents an exciting new chapter for AGS and our mission to provide exceptional gaming solutions for our operator partners,” said David Lopez, CEO & President of AGS. “With Brightstar’s resources and strategic guidance, we believe AGS will be well-positioned to make targeted investments in R&D, top talent, operations, and industry-leading innovation, which should accelerate our global footprint.”

“We look forward to working with David and the AGS team to capitalize on opportunities by taking a long-term approach to creating value,” said Andrew Weinberg, Founder & CEO of Brightstar. “AGS has a strong pipeline of new products, and we believe the Company’s innovative approach to game development provides significant potential for continued growth.”

“We have been impressed by AGS’ award-winning products, differentiated culture, and outstanding reputation in this expanding industry,” said Roger Bulloch, Partner at Brightstar. “We trust that partnering with AGS and executing on our shared vision can accelerate the Company’s ability to create even greater value for its customers and players around the world.”

Macquarie Capital is serving as financial advisor and Cooley LLP is serving as legal counsel to AGS. Jefferies LLC is serving as lead financial advisor to Brightstar. Barclays and Citizens JMP Securities are also serving as financial advisors to Brightstar. Kirkland & Ellis LLP is serving as legal counsel to Brightstar.

First Quarter 2024 Financial Results

In light of the proposed transaction, AGS has canceled its previously announced conference call to discuss its first quarter 2024 financial results, which had been scheduled for Thursday, May 9, 2024, at 5:00 p.m. EDT. Additionally, AGS will not be issuing a quarterly earnings release. The Company expects to file its 10-Q for the quarter ended March 31, 2024 with the SEC later today.

Timing and Approvals

The proposed transaction, which is expected to close in the second half of 2025 is subject to customary closing conditions, including the receipt of regulatory approvals and approval by a majority of AGS stockholders. Upon completion of the transaction, AGS will become a privately held company and shares of AGS common stock will no longer be listed on any public market.