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Glisco Partners leads $12.4 million investment in GGTech Entertainment, with Heart Beat contributing $1.4 million

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Glisco Partners, a leading growth equity investment firm for disruptive and cross-border high-growth companies, and Heart Beat, an investment manager focused on the Americas, has announced the closing of a $12.4 million investment in Spanish company GGTech Entertainment. A leader in the gaming and esports environment, GGTech is one of the main organisers of esports events and competitions worldwide, which has experienced exponential growth in recent years. This investment will see GGTech consolidate its global presence across  Europe, the Middle East, North Africa and Latin America, as well as  accelerate its entry into the US market, one of the largest gaming and esports markets in the world.

GGTech Entertainment is an international company with a presence in Europe, North America, South America, the Middle East and North Africa, dedicated to the development of innovative leisure, entertainment and education projects through gaming, esports and technology. The company offers a wide range of technological solutions to promote the development of society and provides the best leisure, competition and entertainment experiences. GGTech has an international team of highly qualified professionals focused on the creation and operation of products in the gaming and sports industry, and is making significant progress in the development of applied technology.

In the  UK, GGTech develops Amazon UNIVERSITY Esports. Present in 16 countries across 4 continents, the project seeks to integrate the recreational and competitive aspect of video games with educational activities. Each country offers workshops presented by professionals in the esports industry to university students interested in learning more about the industry.

GGTech recently announced the acquisition of NUEL, UK-based grassroots esports tournament and community organiser.

José Parrilla, co-founder and CEO of GGTech Entertainment: “As the leading organiser of multi-language esports events and tournaments in Europe, MENA and Latin America, we are very confident about our growth prospects in the US. Video games, and esports in particular, have been growing in popularity year after year, especially in the US, where more than half of the US population play games on a regular basis. This trend is expected to grow exponentially over the next decade and  our goal at  GGTech is to strengthen our presence in this  market over the next few years. We also have the support of major brands and publishers, who we already have solid alliances with, to help contribute to our growth in the US market.

Commenting on the investment, Alfredo Castellanos, Managing Partner at Glisco Partners, said: “Our investment in GGTech is part of our strategy to help highly disruptive companies grow their market share and enter the US market. GGTech is particularly attractive because of its proven business model and strategy to leverage its content production studios in Mexico and Spain to serve the growing esports market in the US.”

 

Industry numbers

The video games industry reached more than 3 billion players worldwide and revenues of $192.7 billion in 2021, making it the second largest segment of global entertainment. According to the latest research from Statista, esports had a global audience of over 532 million viewers in 2022, including enthusiasts and casual viewers. This is an increase of more than 60 million on the previous year and makes esports the second most watched sport in the United States, after the NFL.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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REEVO Announces Strategic Partnership with YEEBET Gaming

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REEVO, a leading innovator in the iGaming industry, has announced a strategic partnership with YEEBET Gaming, a trailblazing game provider renowned for delivering cutting-edge, immersive entertainment experiences. This partnership marks a significant step forward in REEVO’s mission to connect players with world-class gaming content while providing unparalleled value to its partners.

“At YEEBET Live, our commitment to innovation and delivering the highest-quality iGaming experiences drives everything we do. Our partnership with REEVO is a testament to our shared vision of enhancing player journeys and redefining what online gaming can be. Together, we are setting a new benchmark for entertainment excellence,” said Michael Lee, Chief Executive Officer of YEEBET Live.

Through this partnership, YEEBET’s cutting-edge content will be seamlessly integrated into REEVO’s aggregation platform, offering operators a diverse and innovative portfolio designed to captivate players worldwide. This collaboration empowers both companies to leverage their unique strengths, driving the evolution of the iGaming landscape.

Daniel Cuc, Head of Account Management at REEVO, said: “Our collaboration with YEEBET aligns perfectly with REEVO’s vision of delivering extraordinary gaming experiences through innovation and creativity. By bringing YEEBET’s groundbreaking content to our platform, we are enabling our partners to offer players an experience that goes beyond expectations. This partnership is a bold step forward in shaping the future of iGaming, and we couldn’t be more excited about what lies ahead.”

The post REEVO Announces Strategic Partnership with YEEBET Gaming appeared first on European Gaming Industry News.

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Go on an intrepid slot adventure with Jenny Nevada and the Diamond Temple

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Embrace the spirit of adventure in Jenny Nevada and the Diamond Temple, the latest slot from the in-demand content provider, Rival.

This is a game that will appeal to intrepid explorers, those willing to venture into the darkness to discover the glistening gems and potentially big wins that await.

Players join Jenny Nevada as she makes her way through the jungle to the Diamond Temple where they can claim some of her loot for themselves.

But there are plenty of surprises along the way, too. This includes Wild symbols that can appear on any base game spin and substitute for all other symbols to help form more win combos.

Jenny is the Scatter symbol and when 3, 4, or 5 land in the base game, players unlock a Free Spins frenzy with 10, 20, or 50 Free Games up for grabs..

But the most valuable diamonds and biggest wins are found deep within the temple, and this can only be reached by taking on the Temple Maze Bonus Round.

This sees players stack huge rewards as they uncover the treasure hidden throughout the temple.

For players who want to head straight to the action, there’s the option to Buy the Bonus and choose between Free Spins or the Temple Maze.

Jenny Nevada and the Diamond Temple quick stats:

Reels: 5 reels, 3 rows

RTP: 95.93%/94.75%/92.52%

Paylines: 20 ways

Volatility: Extreme

Bet range: $0.20 to $20

Max win: 10,004x

Ryan Maclean, Head of Games at Rival, said: “Jenny Nevada and the Diamond Temple takes players on a thrilling adventure in search of precious gems and big wins. Those who venture deep into the temple will find the greatest treasures and will be helped on their quest by some gripping bonus features. 

“Wilds, Free Spins and the Temple Maze Bonus Round promise to get the adrenaline pumped with the extreme volatility bringing unprecedented anticipation to each. 

“As will all Rival slots, Jenny Nevada and the Diamond Temple has been developed and produced to the highest standards, ensuring a quality player experience from the first game round to the last.”

The post Go on an intrepid slot adventure with Jenny Nevada and the Diamond Temple appeared first on European Gaming Industry News.

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DGOJ Holds Conference on Prevention of Money Laundering

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The Spanish gaming regulator (DGOJ), in collaboration with the Public Treasury and the Executive Service of the Commission for the Prevention of Money Laundering and Monetary Offences (Sepblac), has held the first Sectoral Conference on the prevention of money laundering and terrorist financing with online gaming operators.

The meeting, which took place at the headquarters of the DGOJ on February 6, brought together representatives of authorised online gaming operators and regulatory and supervisory bodies to address current challenges in the prevention of money laundering, related to the area of regulatory compliance and the main risks of the activity.

The meeting was inaugurated by Mr. Mikel Arana, Director General of Gaming Regulation, together with Ms. Irene Sánchez Pérez, advisory member of the Public Treasury.

Arana then moderated the various presentations in which leading experts from Sepblac, the Financial Intelligence Unit and the Supervisory Authority for the Prevention of Money Laundering and the Public Treasury analysed the latest regulatory developments and sanctions at European and international level, presented the main findings in inspections of operators and spoke about the role of financial intelligence in the prevention and detection of risky operations, among other topics.

This was followed by a round table discussion, attended by experts such as Alberto Navarro, deputy assistant director of inspection at the DGOJ, and representatives of Sepblac and the Public Treasury, where the questions and doubts raised by online gaming operators were resolved.

The post DGOJ Holds Conference on Prevention of Money Laundering appeared first on European Gaming Industry News.

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