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Everi to Acquire ecash Holdings Pty Ltd.

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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.

“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.

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SPORTRADAR AWARDED UNITED ARAB EMIRATES LICENSE

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Sportradar Group AG (NASDAQ: SRAD) has been granted a gaming-related vendor license from the United Arab Emirates’s General Commercial Gaming Regulatory Authority (GCGRA), an independent entity of the UAE Federal Government with exclusive jurisdiction to regulate, license, and supervise all commercial gaming activities.

The license, operational with immediate effect, affords Sportradar the opportunity to provide its products and services to licensed operators.

Sportradar looks forward to bringing its 20+ year expertise and proprietary sports technology to operators and clients in the region. 

The post SPORTRADAR AWARDED UNITED ARAB EMIRATES LICENSE appeared first on European Gaming Industry News.

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Winlandia launches dedicated bingo offering in the UK

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Winlandia, the online casino with a Nordic twist powered by SkillOnNet, has expanded its offering by launching bingo vertical to players in the UK and Sweden.

Following the launch, players can now enjoy a range of bingo games from Pragmatic Play, including 90-ball, 80-ball, 75-ball, 50-ball, 30-ball and Speed Bingo, as well as themed rooms, including Big Bass Bingo, Drop Pots, Boom Box and a dedicated Jackpot Room.

They can also take part in the provider’s flagship Bingo Blast format, including spin-offs like Snowball Blast, as well as its hugely popular Diamond Dazzle and just-launched Reels Room.

To super-charge the launch, Winlandia has partnered with Gambling.com and its flagship Whichbingo.co.uk, which will exclusively promote Winlandia Bingo to its audience for several weeks.

To support the launch of Winlandia Bingo, the operator is offering an exclusive welcome bonus together with WhichBingo, consisting of: 100% up to £50 + 300 No Wagering Bingo Tickets + 100 Free Spins on Big Bass Bonanza. To support the launch of Winlandia Bingo, the operator is offering an exclusive welcome bonus together with WhichBingo, consisting of: 100% up to £50 + 300 No Wagering Bingo Tickets + 100 Free Spins on Big Bass Bonanza,18+, GambleAware and T&C applies.

Christoffer GrönlundHead of Affiliates at Winlandia, said: “This launch highlights our commitment to long-term affiliate partnerships and strengthens our collaboration with Gambling.com Group.”

“Pragmatic Play’s bingo suite allows us to bring the Winlandia experience to a wider audience while maintaining our Nordic character and focus on entertainment.

We’re proud of how our affiliate relationships continue to drive quality traffic and sustainable growth in key markets like the UK.”

Malcolm Farrimond, Head of Bingo at SkillOnNet, added: “It’s great to see Pragmatic Play Bingo now live on Winlandia in both the UK and Sweden. The product offers a strong mix of bingo games, including Big Bass Bingo, Bingo Blast and Drop Pots, with something to suit different types of players. 

“We’re also pleased to launch Big Bass Bingo exclusively for UK players – a new room inspired by the popular slot title. It’s a well-rounded bingo offering that supports Winlandia’s focus on entertainment and variety, and we’re looking forward to seeing how players in both markets respond.”

Corina TanasaAccount Manager at WhichBingo.co.uk, said: “At WhichBingo.co.uk and Gambling.com are delighted to support the exclusive launch of Winlandia’s new bingo product. We look forward to showcasing this exciting addition to the market and delivering an engaging experience to players. This collaboration marks an important step in bringing innovative bingo content to a wider audience”

The post Winlandia launches dedicated bingo offering in the UK appeared first on European Gaming Industry News.

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PAGCOR, NPC join forces to strengthen data privacy in gaming industry

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The Philippine Amusement and Gaming Corporation (PAGCOR) and the National Privacy Commission (NPC) have entered into a partnership aimed at bolstering data privacy protection and ensuring regulatory compliance across the country’s gaming sector.

The collaboration was formalized through a Memorandum of Understanding (MOU) signed on Monday, October 20, at the PAGCOR Corporate Office in Pasay City.

Under the agreement, the two agencies will work together to address data privacy challenges, enhance stakeholder collaboration, and promote a secure and trusted gaming environment.

PAGCOR Chairman and CEO Alejandro H. Tengco said the partnership reaffirms the state gaming firm’s commitment to safeguard the personal data of its employees, licensees, and gaming patrons.

“This MOU with the NPC is a vital step in aligning PAGCOR’s policies and processes with the evolving data privacy landscape, Mr. Tengco said. “It reinforces our duty to protect personal information while ensuring that our operations remain transparent, compliant, and trustworthy.”

He added that the partnership would pave the way for the full development of a database of government officials and employees who are prohibited from gambling in casinos and other gaming establishments nationwide.

“In collaboration with the NPC, PAGCOR hopes to finally develop a database of government employees who are prohibited from gambling in casinos. This is part of our promotion of responsible gaming,” he added.

NPC Privacy Commissioner and Chairman Atty. John Henry Naga, meanwhile, lauded PAGCOR’s proactive stance in embracing data privacy accountability, noting that cooperation between regulatory agencies is crucial in safeguarding personal data especially in industries handling large volumes of sensitive information.

“The formalization of this collaboration between NPC and PAGCOR underscores the security of our citizens’ personal data, which is not just a regulatory requirement but a hallmark of excellence in the gaming industry,” Atty. Naga said.

The idea of a formal partnership was first raised during an NPC-led Data Privacy Training Workshop for Government-Owned and Controlled Corporations where

PAGCOR Data Privacy Officer Maria Concepcion Gloria-Rubio proposed the creation of a framework to enhance compliance mechanisms.

Under the MOU, PAGCOR and NPC will implement joint programs on privacy awareness, capacity building, and policy development to strengthen privacy governance within the gaming sector

The post PAGCOR, NPC join forces to strengthen data privacy in gaming industry appeared first on European Gaming Industry News.

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