Connect with us

Uncategorized

Everi to Acquire ecash Holdings Pty Ltd.

Published

on

Reading Time: 2 minutes

 

Everi Holdings has announced that it has entered into an agreement to acquire ecash Holdings Pty Ltd. (ecash), a privately owned, Australia-based developer and provider of innovative cash handling and financial payment solutions for the broader gaming industry in Australia, Asia, Europe and the US.

Ecash’s products and technologies represent a strategic extension of Everi’s current suite of financial technology solutions within the FinTech segment. The acquisition will provide Everi with a complementary portfolio of new customer locations throughout Australia, the US and other geographies. The closing of the transaction, subject to customary conditions, is expected to occur within 60 days.

Everi will acquire ecash for guaranteed payments totaling AUD$33 million, with an initial payment at the time of closing of AUD$20 million (approximately US$14 million) with the remaining payments to be made on each of the first and second anniversaries in 2023 and 2024, respectively, following the date of the transaction’s closing. Subject to achieving certain growth targets, there will be an additional contingent payment of up to AUD$10 million, which could increase the total consideration up to AUD$43 million. Everi expects to fund the total purchase price from existing cash on hand and future cash flow.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“We are pleased to enter into this agreement to acquire ecash and welcome their entire team to Everi upon the closing of the transaction. ecash is a strategic addition to our growing global portfolio that will provide Everi with an entry into the large Australian gaming market thanks to their experienced team, proven product portfolio and established customer base. The acquisition will also provide us with an incremental customer base in certain U.S. and other gaming markets we do not currently serve. Everi has never been better positioned as we continue to successfully execute our strategic growth initiatives,” Randy Taylor, President and Chief Operating Officer of Everi, said.

“The integration of ecash into our robust FinTech portfolio and ability to scale this complementary business represents a significant opportunity to further expand our leadership position in the space and further diversify the markets we serve. We also expect that several of our FinTech and RegTech products, such as our Trilogy Loyalty solutions and Anti-Money Laundering software, will have applicability and add value for Australian gaming operators,” Darren Simmons, Everi’s Executive Vice President and FinTech Business Leader, said.

“We are thrilled by the opportunity to join the gaming industry’s FinTech leader. By integrating ecash’s current products and markets with Everi’s offerings, we will be able to add value across a much wider range of clients and unlock exciting new growth opportunities along the way,” Andre Soussa, Chief Executive Officer of ecash, said.

Subsequent to closing, Mr. Soussa will be employed by Everi in the capacity of Managing Director, Australia.

Powered by WPeMatico

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading
Advertisement

Uncategorized

PAGCOR CHIEF WELCOMES, RECOGNIZES NEW EMPLOYEES’ UNION

Published

on

pagcor-chief-welcomes,-recognizes-new-employees’-union
Reading Time: < 1 minute

Philippine Amusement and Gaming Corporation (PAGCOR) Chairman and CEO Alejandro H. Tengco met with the newly elected officials of the PAGCOR Employees’ Association at the agency’s corporate offices in Pasay City on Monday, September 8.
Chairman Tengco said he recognizes PAGCEA as the legitimate representative of PAGCOR workers and expressed willingness to work with the group to promote and protect the welfare of employees.
A photograph taken after the cordial meeting shows Chairman Tengco with some of the association officers led by PAGCEA National President Crisanto Paris (4th from right), National Vice President Ednardo Capati (5th from left) and Secretary General Veronica Sy (3rd from right), among others.

The post PAGCOR CHIEF WELCOMES, RECOGNIZES NEW EMPLOYEES’ UNION appeared first on European Gaming Industry News.

Continue Reading

Uncategorized

BGCS and BGMS league stages conclude; rising stars set to meet pros in the playoffs

Published

on

bgcs-and-bgms-league-stages-conclude;-rising-stars-set-to-meet-pros-in-the-playoffs
Reading Time: 2 minutes

Following 20 days of high-octane esports action, the league stages of the OnePlus Android Battlegrounds Mobile India Challenger Series (BGCS) 2025 and the OnePlus Android Battlegrounds Mobile India Masters Series (BGMS) 2025 have officially concluded. The results now set the stage for the highly anticipated Playoffs on September 9, where India’s rising esports stars will take on established pros for a coveted spot in the Semi-Finals and ultimately the Grand Finals of India’s most-watched esports event.

In the final week of BGCS 2025, where 16 teams battled for glory, Nebula Esports, qualifiers from the OnePlus Campus Dominate initiative, topped the table with 222 points. They were followed by Sinewy Esports in second with 213 points, Team Versatile in third with 201 points, and Team H4K in fourth with 163 points. All four teams have secured qualification for the BGMS 2025 Playoffs. As the official amateur feeder league into BGMS, BGCS has not only spotlighted emerging talent but also provided a competitive pathway into India’s premier esports stage.

“With the introduction of BGCS this year, our aim was to create a structured pathway for emerging gamers to transition into the professional BGMI esports ecosystem. It is particularly encouraging to see that the winning team qualified through the nationwide collegiate qualifiers by OnePlus, and it has been inspiring to witness all participating teams showcase their skills and earn their opportunity to compete at the next level. This is precisely the kind of platform NODWIN Gaming, together with our partners set out to create, to identify and nurture the next generation of esports talent,” said Akshat Rathee, Co-founder and Managing Director, NODWIN Gaming.

Meanwhile, in BGMS 2025, 24 of the nation’s top BGMI teams competed in 56 matches each. At the end of an intense league stage, Team Revenant XSpark finished on top with 557 points, closely followed by Team SouL with 551 points. Gods Reign claimed third place with 533 points, while NoNx Esports secured fourth with 529 points. These top four teams have earned direct qualification to the BGMS Grand Finals, scheduled from September 12 to 14.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The road to the finals continues as the bottom 12 teams from the BGMS League Stage advance to the Playoffs, where they will be joined by the top four BGCS squads. The top eight teams from the Playoffs will then move into the BGMS Semi-Finals from September 10 to 11, competing alongside the 5th to 12th placed teams from the BGMS League Stage. From there, the top 12 semi-finalists will join the four directly qualified teams in the BGMS Grand Finals, where 16 teams will battle it out for the crown and a major share of the INR 1.5 crore prize pool.

Season 4 of BGMS continues to be supported by OnePlus as the Title Sponsor and Official Smartphone Partner, with Android returning as Co-Title Sponsor and TVS Motor Company entering its third consecutive year. The tournament also sees the presence of Red Bull in its second year, along with the debut of Duolingo English Test as Official Learning Partner, Swiggy as Official Food Delivery Partner, and Bisleri as Official Hydration Partner.

The BGMS Season 4 Playoffs will be broadcast live on Star Sports Khel and on JioHotstar from September 9 to 11, airing during prime-time from 5:00 PM to 8:00 PM, making it the only esports tournament in India with national television presence.

The post BGCS and BGMS league stages conclude; rising stars set to meet pros in the playoffs appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Uncategorized

Thunderpick World Championship 2025 Announces Finals Dates and Teams

Published

on

thunderpick-world-championship-2025-announces-finals-dates-and-teams
Reading Time: 2 minutes

Thunderpick World Championship (TWC), one of the largest independently sponsored CS2 tournaments in the world, today announced the dates and teams for its 2025 Finals. With a $1 million USD prize pool on the line ($850,000 for the finals), the championship will bring together 20 of the top Counter-Strike teams to compete in front of a global audience this fall.

The TWC Finals Closed Qualifier will run Sept. 9 to 11, determining the final teams punching their ticket to the TWC Finals (LAN stage) in Malta on Oct. 15 to 19.

Teams competing at TWC 2025 include:

  • The MongolZ – Defending Thunderpick World Champions, currently ranked #3 in the world
  • NAVI – Ukrainian powerhouse, former Major champions, and a perennial top 10 team
  • FURIA – Brazil’s top CS2 roster, known for their aggressive playstyle (#8 world ranking)
  • Aurora – Rising Russian squad, solidified as a global top five contender (#5 world ranking)
  • Ninjas in Pyjamas (NiP) – Legendary Swedish organization with a rich Counter-Strike legacy
  • SAW – Portugal’s leading team, climbing steadily in the European scene
  • BB – Prominent CIS roster competing at the highest international level
  • ECSTATIC – Denmark’s up-and-coming team with upset potential
  • TNL – South Korean squad representing Asia’s growing CS2 presence
  • Nemiga – Belarusian veterans with experience on the international stage
  • BIG – German giants, fan favorites with multiple international titles
  • ENCE – Finnish-led team, known for deep runs at Majors and top-tier consistency
  • PARIVISION – Fast-rising CIS squad making waves in qualifiers
  • KOLESIE – Underdog team emerging from the Eastern European circuit
  • OG – European mix team, returning to TWC after competing last year
  • JiJieHao – One of China’s strongest representatives in CS2 competition
  • Team Legacy – International lineup with veteran leadership
  • M80 – North America’s breakout team with a young, talented roster
  • Imperial – Brazilian fan favorites led by seasoned veterans
  • 9z – South America’s rising stars, representing Argentina and Uruguay

This year’s tournament features four Top 10 ranked teams, setting the stage for one of the most competitive editions yet. The MongolZ’s return to defend their 2024 title among the presence of perennial powerhouses like NAVI, FURIA and Aurora.

“As we enter our third year, the Thunderpick World Championship continues to push the boundaries of competitive Counter-Strike,” said Kelly Sanders, Head of Strategy at Thunderpick. “With top teams from around the world converging on Malta and the return of defending champions The MongolZ, fans can expect an unforgettable event full of high-stakes gameplay.”

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The TWC 2025 Finals are presented in collaboration with Hotspawn, the leading hub for esports news and analysis. Together, Thunderpick and Hotspawn are committed to elevating the fan experience with innovative production, compelling storytelling, and fair play at the heart of the competition.

The post Thunderpick World Championship 2025 Announces Finals Dates and Teams 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