Casino content developer SYNOT Games has secured a supplier license from the UK Gambling Commission (UKGC). 

The news means SYNOT Games titles, including the popular Books of Secrets, Respin Joker, and Fruit Awards, along with recent releases 243 Mexicana, Monkey Slots, and Joker 50 Deluxe, will be available to licensed operators in the UK market. 

Commenting on the development CEO of SYNOT Games, Ivan Kodaj, said:

“This is a huge step for us as a company. The UKGC is known to have strict regulations to comply with, so having the licence granted to us represents a significant step which we took one day before Christmas. We are now able to integrate our slot offer with online casino operators in the UK and make them available to their players for the very first time.”

While CCO of SYNOT Games, Martina Hrabinská, added:

“Our sales team will now be focusing on branching out to UK-based customers. Gaining as much exposure as possible to reach as many players as possible across the country will be their main goal for now. We are excited to launch our exceptional slot games across the UK.”

SYNOT Games has offices in both Malta and the Czech Republic.

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Payment processing gateway MoneyMatrix has announced a partnership with PayPal. 

The agreement means MoneyMatrix’s iGaming clients will be able to offer the popular payment solution, for both top-ups and withdrawals, in 14 EU countries and the UK. 

Discussing the news CEO of MoneyMatrix, Samoil Dolejan, added:

“PayPal is one of the most popular payment methods globally, so naturally, we are glad to make their solution available to our iGaming clients. Players in 14 EU countries and the UK will now be able to select PayPal as their preferred payment method, which is highly convenient and definitely an added benefit for operators using MoneyMatrix.

“There is no gambling without payments, and we are dedicated to helping our clients run their operations smoothly and effectively while giving them access to a vast portfolio of global and local payments methods.”

The partnership with PayPal covers payments from Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Poland, Portugal, Romania, Spain, Sweden, and the United Kingdom.

Staying with PayPal, earlier this week the company renewed its Rainbow Six esports partnership with Ubisoft. 

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Slots developer Booongo has integrated its games portfolio with iGaming platform provider Blue Ocean Gaming, significantly extending its reach across several markets.

The agreement will see Booongo’s slot portfolio, including popular titles like Dragon Pearls, Sun of Egypt, and recently released Tiger Stone, made available to operators across Blue Ocean Gaming’s network. 

Commenting on the news Commercial Director at Booongo, Sebastian Damian, said:

“We continue to look to grow our global presence and this agreement with Blue Ocean Gaming will allow us to expand our commercial reach in a number of territories.

“Our slot portfolio has gone to new heights this year and the interest we’ve seen from operators proves we’re maintaining our impressive momentum. We look forward to a long and successful partnership with the team at Blue Ocean Gaming.”

While Head of Account Management at Blue Ocean Gaming, Mateja Pavlin, added:

“Booongo has a reputation for creating immersive content and we’re delighted to offer their titles across our network.

“Offering diverse content, such as the Hold and Win titles, allows us to appeal to more customers than ever before and we’re very pleased with this arrangement.”

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Entain’s planned acquisition of Baltics-focused gambling operator Enlabs has hit a snag, with a major US shareholder rejecting the offer. 

According to Texas-based hedge fund Alta Fox Capital Management, which owns 3.3% of Enlabs, Entain’s offer of SEK 40 (£3.50 GBP) per share, which is worth some £250M GBP, materially undervalues the company.

The hedge fund says it has the support of “more than 10%” of Enlabs investors, who intend to reject Entain’s recommended offer. Alta Fox has has said that it believes Enlabs shareholders must be better compensated, citing the company’s “excellent growth prospects”, and has suggested a price of 55 SEK per share. 

Furthermore, Alta Fox has expressed concern at the terms of the deal, including “unusual circumstances”, and the fact that Enlab’s chairman, Niklas Braathen had been guaranteed an executive position post-deal. Braathen is the largest single shareholder in Enlabs, with his private investment firm, Erlinghundra AB owning 19.5% equity. Enlabs was formed in 2007 when RedBet Gaming acquired Baltic Gaming Group, which Braathen founded, hence his large shareholding.

Enlabs operates brands including Optibet and NinjaCasino and has a strong presence in the Baltic markets of Latvia, Estonia, and Lithuania. It is expected to generate net gaming revenues of approximately €89.5M and EBITDA of €23.5M in the year ending 31 December 2021. 

As previously reported, Entain itself is currently considering a proposed $11B USD acquisition by MGM Resorts International, though the company has said that offer “significantly” undervalues it.

AYO.NEWS says:

With both Alta Fox claiming Entain is significantly undervaluing Enlabs, and Entain itself claiming MGM Resorts is significantly undervaluing it, you could be forgiven for wondering if current shareholders are actually significantly overvaluing their current portfolios? 

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

All original content featured on this site is © Pentagon Digital Limited, 2019-2021.

Casino content developer Stakelogic has partnered with Åland Islands-based operator Paf. 

The deal will see Paf integrate Stakelogic’s full suite of classic and modern slot games, giving players the opportunity to enjoy titles including Book of Adventure™ and Book of Cleopatra™ as well as Volcano Deluxe and Runner Runner Megaways™.

Also covered by the deal are branded slots like The Expendables Megaways™, Rambo Stallone™, and The Legend of Hercules™, as well as Super Stake™ versions of Book of Adventure™ and Book of Cleopatra™.

Discussing the partnership Sales Director at Stakelogic, Olga Bajela, said:

“Paf is one of the biggest and most responsible brands in the industry and integrating our full suite of quality classic slots and modern video slots is a major milestone for us as we work towards becoming a tier one developer.

“With each of our games we try to create something new and exciting for the player, but we always ensure the highest possible production value and the chance for players to win big. This has proved to be a successful formula and we believe our games will be a big hit with players at Paf.”

While Chief Gaming Officer at Paf, Kim Johansson, added:

“We are committed to offering the widest range of quality online casino content to our players and we are delighted to have added Stakelogic to our portfolio. Stakelogic’s games will be a great addition for us and we look forward to seeing our players enjoy these games!”

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Billionaire gambling investor Jason Ader’s new 26 Capital Acquisition Corp, listed this morning on the Nasdaq Capital Market.  

Yesterday the company announced it had priced its upsized initial public offering of 24,000,000 units at $10.00 per unit, making for a $240M IPO. The offering is expected to close on 20 January 2021. 

26 Capital Acquisition Corp, is a ‘special purpose acquisition company’ (SPAC) which defines itself as a “black cheque company” for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, in the gaming, gaming technology, branded consumer, lodging and entertainment, and internet e-commerce sectors.

Ader, widely recognised as one of the world’s most successful gambling ‘activist investors’ has made significant investments in bwin.party Entertainment, GVC Holdings (now Entain), and Playtech Plc, via his New York hedge fund SpringOwl Asset Management. 

AYO.NEWS says:

With US states still legalising gambling, and the online gaming and betting space booming everywhere, we’ve got a feeling it won’t be long before Ader’s new company makes its first big move. 

Interesting trivia; in the early 2000’s Ader dated actress Tara Reid of American Pie and The Big Lebowski fame (and let’s not forget the amazing Sharknado).

‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates. 

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