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LottoKings Announces Private Placement for up to $10 Million

Published

3 years ago

March 12, 2021

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, March 12, 2021 (GLOBE NEWSWIRE) — Legacy Eight Ltd. (“LottoKings” or the “Company”), a profitable online service provider for Lottery, Casino, and Sportsbook gambling, is announcing that has entered into a definitive agreement to be acquired by a private British Columbia company (”BCCO”) as part of its proposed listing. In connection with the acquisition, BCCO has engaged Mackie Research Capital Corp. (the “Agent”), pursuant to which the Agent has agreed to offer for sale up to 20,000,000 subscription receipts of BCCO (“Sub Receipts”), on a “best efforts” private placement basis at a price of $0.50 per Sub Receipt (the “Issue Price”) for total gross proceeds of up to $10,000,000 (the “Offering”).

Each Sub Receipt issued under the Offering shall be automatically exchanged into one common share of BCCO (“BCCO Shares”) without any further payment or action on the part of the holder upon satisfaction by BCCO of the following escrow release conditions: (i) having received a receipt for a final prospectus qualifying the distribution of the BCCO Shares issuable upon conversion of the Sub Receipts; (ii) having received conditional acceptance for the listing of the BCCO Shares on the Canadian Securities Exchange or such other national securities exchange as may be approved by BCCO and the Agent; (iii) having satisfied all conditions in the agency agreement governing the Offering and not committing any material breach of covenants in such agency agreement; and (iv) BCCO and the Agent delivering a joint notice to the escrow agent in accordance with the terms of a subscription receipt agreement.

BCCO has granted the Agent an option to offer for sale up to an additional 3,000,000 Sub Receipts, at the Issue Price, exercisable in whole or in part at any time for a period of up to 48 hours prior to the closing of the Offering.

The Offering is being carried out by BCCO prior to making an application to obtain a listing on the Canadian Securities Exchange. There can be no assurance that BCCO will successfully achieve a listing as planned.

About Legacy Eight Ltd.

Legacy Eight Ltd. is a holding company of online gaming and entertainment assets. Its portfolio of B2C brands and operations currently includes Wintrillions, Trillionaire and LottoKings. The Company’s vision is to be a global leader in online lottery, online casino and sports betting. Established in 2005, what initially started as a lottery messenger service (messenger & insurance), grew into a profitable online service provider for Lottery, Casino, and Sportsbook gambling, attracting millions of signups since 2017. By offering players the option to easily transition from lottery into casino gaming, LottoKings has the competitive advantage of acquiring pre-qualified, newly converted players into the casino marketplace.

For further information, please contact Kelvin Lee at [email protected]

Disclosure and Caution

Completion of the Offering is subject to a number of conditions, including ensuring the financing and listing application are compliant with CSE requirements. The transaction cannot close until the required conditions are satisfied and required approvals are obtained. There can be no assurance that the Offering will be completed as proposed or at all. Trading in the securities of the Company should be considered highly speculative – there is no active market for the Company’s securities at this time. No regulatory body has reviewed or approved the terms to the Offering.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the ability to complete the financing, the ability to satisfy the conditions required and approvals needed to complete the transaction, the expected viability of the assets subject to the transaction, availability of funds and the results of financing efforts, – that could cause actual results to differ materially from the Company’s expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The securities referred to in this news release have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless pursuant to an exemption therefrom. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company in any jurisdiction.

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Sends company confirmed its participation in the ICE London Conference 2024

Published

3 months ago

January 17, 2024

Zoltan Tundik

ICE is the global showcase of innovative technologies, home to 600+ international brands providing access to products and services designed to enhance growth potential. Sends financial company confirmed its participation in the conference inviting to the brand’s stand for meetings.

The 6th of February is the opening day of ICE London 2024. The Sends team will spend three days of the conference meeting the current partners and establishing relationships with new ones in London. On its LinkedIn page, the company noticed that it had set up a stand to provide all the information about activity and business propositions, to meet with associates, and to engage with conference participants.

“Sends team is eager to meet the partners and new people at ICE London 2024. This event is iconic among gaming companies and market players. Organizers predict record attendance for the last London edition. We can’t miss this global event’s opportunities” , commented Anastasiia Pervushyna, Director/MLRO in Sends.

One of the shareholders (owners) of this company is Alona Shevtsova, a businesswoman, philanthropist, and active participant in the Ukrainian and UK FinTech community.

“Recent international industry events during the past year have already clearly shown the value and significance of in-person events for our industry and we expect that to be very evident in London as well”, Alona Shevtsova added.

Sends provides Internet acquiring, multicurrency personal and business accounts. Opening a SEPA/SWIFT/Faster Payments bank account is available within 48 hours after submitting the necessary documents. Sends is available in the web and app versions.

In 2025, the ICE London conference will relocate to Barcelona, Spain. The historic edition of the world’s largest and most international gaming expo ends in Great Britain. This country has hosted the event since 2013.

ICE London 2024 will be held from the 6th to 8th February at ExCeL London. To schedule a meeting with Sends representatives, please use [email protected] email or the conference application.

*Sends is a trade name of SMARTFLOW PAYMENTS LIMITED.

SMARTFLOW PAYMENTS LIMITED is registered in England and Wales (Company number 11070048).

Gaming

It’s time to speed up AI: Slotegrator presented new exciting solutions at iGB L!ve 2023

Published

9 months ago

July 25, 2023

Hunor Pal

A new era in the iGaming industry has begun: AI-powered solutions are now becoming affordable. Slotegrator presented the new AI-powered capabilities of its turnkey online casino platform at iGB L!ve 2023 in Amsterdam.

Every year, Slotegrator presents its newest innovations at iGB L!ve. This year, the company added several new features to its turnkey online casino platform, basing the additions on the results of internal customer research and global market analysis.

Upcoming trends are a constant source of speculation in the iGaming industry. As an industry trendsetter itself, Slotegrator knows what to bet on; last year, the company predicted rapid AI growth, and these capabilities have already been integrated into the company’s solutions.

The upgrades include:

The business intelligence (BI) module has become an Artificial BI module. Now it not only helps operators track the analytical data they need to make strategic decisions, but allows them to compare their project with others that operate in the same market. It’s an effective tool for analyzing competitors’ activities and to improve the entire business strategy.
ChatGPT was integrated to offer operators 24/7 business consultation. While the strategy will ultimately be up to the casino operator, ChatGPT’s capacity to offer advice can prove invaluable.
Fraud Detection (for collecting Big Data to reduce risk) with AI makes it easy for casino operators to set the parameters of what constitutes potentially fraudulent behavior and then segment players accordingly and take action when necessary.

Also, Slotegrator integrated a multiplayer chat function – an effective retention tool that emphasizes the value of live communication and offers opportunities for networking and creating player communities. The solution will see the addition of AI capabilities as well.

“This is just the first set of innovations. We are planning to use AI to boost our platform even further. The industry standards are changing, so the market can’t afford to use old tools now. Our participation in iGB L!ve 2023 demonstrated this completely,” says Dmytro Taran, COO at Slotegrator.

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Casino Guru Awards presents The Most Ethical Approach to Marketing category

Published

11 months ago

June 5, 2023

Gaspar Incze

Reading Time: 2 minutes

Casino Guru Awards’ 2^nd edition is coming back on the core promise to provide one of the most equitable and fairest formats for industry stakeholders to distinguish their companies across numerous categories focused on responsibility and customer care. Since the first event, Casino Guru Awards has been actively thinking how to best capture the myriad efforts put into making the industry a better, safer, and more transparent place for consumers and businesses.

This has led the team to introduce The Most Ethical Approach to Marketing, nominations for which are now open. Companies applying in this category will have the opportunity to demonstrate that they apply robust standards to their advertising practices in making their gambling messages heard.

This category aims to recognize iGaming companies that showcase a strong commitment to responsible marketing practices. Our judges will be evaluating the style and content of marketing efforts and materials, such as newsletters, social media campaigns, and others, with a clear focus on ethical marketing practices and responsible messaging. Apart from Casino Guru’s own judges, all applicants will be evaluated by an external panel of industry experts with vast experience in marketing, including:

Shane Stafford, Interim Head of Channel Marketing at Three Ireland
Martin Calvert, Marketing Director at ICS-digital
Dmitry Belianin, Chief Commercial Officer at Parimatch
James Bennett, Group Communications at EveryMatrix

The jury will weigh in on the strategies and tactics used by all nominees to promote their products and services. Applicants will be expected to clearly and unambiguously demonstrate how their marketing materials promote their brands while also accurately representing the risks associated with gambling and offering truthful and transparent information that is not ambiguous.

Casino Guru Awards Project Lead Daniela Kianicová, who is also one of the judges for the category, said: “The introduction of The Most Ethical Approach to Marketing category is a continuation of our ongoing commitment to making sure that we create a format that is ground-breaking and addresses the most urgent aspects of our industry, and shine light on the true torchbearers that have unflinching attitude towards doing the right thing.

We are looking forward to seeing robust examples of marketing ethics that put the consumer front and center and provide accurate, truthful, factual, and unambiguous information. An experienced panel of marketers will be weighing in to help shortlist, evaluate, and ultimately pick a winner in this important category.”

Nominations for Casino Guru Awards opened on May 15, 2023, and will be going through October 31, 2023. Shortlisted companies will be revealed on December 1, 2023, when the voting for Voice of the People category will begin as well. The official event will take place in February 2024.