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Gaming Innovation Group completes acquisition of Sportnco

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Gaming Innovation Group Inc. signed a Share Purchase Agreement (“SPA”) to acquire the iGaming company Sportnco Gaming SAS  on 22 December 2021. GiG has received the necessary approvals from relevant authorities, and GiG’s Board of Directors has resolved to complete the acquisition, hereunder to issue new shares to the shareholders of Sportnco and to SkyCity Entertainment Group Limited (“SkyCity”).

GiG acquires 100% of the shares in Sportnco Gaming SAS for a consideration of €51.37 million, whereof €27.87 million has been paid in cash and €23.50 million in 12,623,400 new shares in GiG at a share price of NOK 18.08, equal to the VWAP of the GiG share for the past ten days of trading. In addition, Sportnco will retain €18.63 million of its existing long-term loans.

GiG also entered into an agreement with SkyCity in December 2021, whereby SkyCity invests €25 million in GiG through a directed share issue at NOK 18.00 per share, equal to 13,487,500 new GiG shares, financing the main part of the cash consideration to the shareholders of Sportnco.

GiG issues 26,110,900 new shares to the shareholders of Sportnco and SkyCity, increasing the number of outstanding shares from 96,675,626 to 122,786,526. The shares issued to the shareholders of Sportnco are subject to a 6-month lock-up period.

Sportnco has 84 shareholders whereof the largest being its CEO and founder Hervé Schlosser (15.6%), Olivier Marchal, President at Bain&Co France (9.1%) and BNP Paribas Développment (6.6%), and these will hold 1.60%, 0.93% and 0.67% respectively in GiG. SkyCity will hold 10.98% in GiG.

In addition, the shareholders of Sportnco are entitled to a two year earn-out based on the performance in 2022 and 2023 with up to €11.5 million per year. The earn-out will be paid 50% in cash and 50% in new shares in GiG, where the number of shares to be issued shall be based on a 10-day VWAP of the GiG share at the time of payment, expected in April 2023 and April 2024. Further, to keep key employees in Sportnco, a 3-year option program will be entered into, whereby the option holders, pending continued employment, will receive shares in GiG at future VWAP valuation up to a total aggregate value of €4 million.

The combined company

Sportnco is one of the leading platform providers of turnkey betting and gaming solutions for operators in regulated markets through its inhouse developed sportsbook and PAM. The combined company will enhance and strengthen GiG’s position as one of the industry leading platforms and media providers with innovative and proprietary products and creating one of the largest and fastest growing providers in regulated iGaming with an unparalleled regulated geographical footprint.

Sportnco has international presence and operates as a leading B2B supplier in France and Spain and is active in other European jurisdictions such as Belgium, Portugal, and Greece, as well as in several high growth Latin American markets and is well positioned to enter the US sportsbook lead states. Sportnco’s geographical presence is highly complementary to GiG’s current offering and combined, GiG and Sportnco will be licensed in 25 markets, currently with around 55 clients. Through the acquisition, GiG has increased both short- and long-term addressable markets meaningfully. Sportnco’s tier 1 sportsbook product is strong, and the acquisition is expected to create attractive commercial, operational, and technological synergies, as well as enable cost savings and accelerated growth.

The combined company will have increased profitability, value proposition with ever increasing growth prospects and further diversification of revenue and geographical reach.

Outlook

With the acquisition of Sportnco, GiG strengthens its position in the platform and sports segments of the iGaming industry and will have multiple possibilities going forward by increasing its product portfolio driving toward a profitable and cash generating business segment. GiG’s Media Services has seen a strong performance over the last two years, delivering high growth levels, increasing diversity of earnings and healthy cash-flow. For the full year 2022, the combined operations should generate revenues of €87-93 million with an EBITDA of €30-35 million. The Board of Directors will have a strong focus on overall operations, including the post-merger integration of Sportnco, and will continue to look at possible strategic options to increase shareholder value going forward.

Richard Brown, CEO of GiG said: “It is with tremendous excitement that we now step forward into the next chapter in GiG’s history. The team at Sportnco have built a tremendous business, one that is highly complementary to GIG’s offering both in product but also addressable market increase, and now the work begins to realise the truly existing growth opportunities that the business combination can pursue. We welcome both the owners of Sportnco & SkyCity as shareholders and the staff of Sportnco into GiG organisation and now move forward with full focus on the execution of the post-merger integration plan.”

Hervé Schlosser, CEO and founder of Sportnco, said “Together with all the teams and shareholders who have built the success of Sportnco and Tecnalis, we are extremely proud of the journey we have accomplished since 2008, and of our integration today into the GIG group. I look forward to opening this new chapter as I am confident that, together, we will offer stronger technology solutions for our customers in the fast-growing regulated markets.”

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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1spin4win ranks among top 5 providers on SOFTSWISS Game Aggregator by bet sum in H1 2025

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The provider’s games continue to show high engagement across the SOFTSWISS Game Aggregator network. This strong performance contributed to 1spin4win’s recognition among the top five providers by bet sum in H1 2025. The achievement highlights the studio’s expertise in creating well-balanced, timeless online slots that consistently resonate with both players and operators.

Today, 1spin4win’s portfolio includes over 150 titles, all supporting multiple fiat currencies and cryptocurrencies. The studio is trusted by a network of 800+ operators, including leading brands like Pin-Up, 1xBet, Mostbet, Rox, BitStarz, LuckyDreams, RocketPlay, and GG.bet. Complementing its extensive game portfolio, 1spin4win offers a comprehensive suite of promotional tools, including Cash & Drops campaigns, pre-releases, free spins, branded games, and discounts, all designed to boost player engagement and drive operator success.

SOFTSWISS is a renowned leader in iGaming software development. One of the company’s key products, the Game Aggregator, currently delivers over 35,000 active games from more than 300 providers. Notably, SOFTSWISS pioneered the introduction of cryptocurrencies to online gaming, allowing operators to offer games to crypto and fiat players.

Olga Hlukhovskaya, Business Development Director at 1spin4win, shared, “As a rapidly-growing classic online slot provider, 1spin4win is genuinely proud of this achievement. This is an important milestone for our team! We would also like to thank SOFTSWISS for consistently expanding the operator network. This allows our games to reach an ever-growing number of casinos.”

Tatyana Kaminskaya, Head of SOFTSWISS Game Aggregator, shared “At SOFTSWISS, we highly value collaborations that help strengthen the entire iGaming ecosystem. Our enduring partnership with 1spin4win is a clear example of how trust, stability, and innovation can bring consistent value to operators and players alike. With the SOFTSWISS Game Aggregator uniting over 35,000 titles and standing as the largest content hub in the industry, we are proud to provide a reliable foundation that supports our partners’ growth.”

About 1spin4win

1spin4win is a fast-growing game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include over 150 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio aims to release an average of four new games each month in 2025 and offers effective promotional tools for casino operators to help them enhance player loyalty.

The post 1spin4win ranks among top 5 providers on SOFTSWISS Game Aggregator by bet sum in H1 2025 appeared first on European Gaming Industry News.

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Allwyn Launches Player Protection Lab

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Allwyn, the lottery-led gaming entertainment company, has announced the launch of Allwyn Player Protection Lab, a global responsible gaming initiative aimed at supporting novel research and innovation to advance player safety.

Opening immediately for applications, the programme will support academics and experts working in the field of responsible gaming to explore new ideas, concepts and perspectives. Applicants are encouraged to submit proposals focusing on one of three key areas: digital innovation; using messaging to drive positive play; and developing effective safety tools.

Following the open call for applications, awards will be made for successful projects of up to €100,000, dependent on the scope of the prospective proposal.

The project demonstrates Allwyn’s commitment to developing global leading practice in responsible gaming. The call for applications will ensure Allwyn is casting the widest net and has the best chance to uncover new and interesting approaches to protecting players.

Nicole Garrett, Head of Responsible Gaming at Allwyn, said: “The Player Protection Lab is an exciting new avenue for Allwyn. Our responsible gaming team is seeking proposals that will encourage progress in player safety and break new ground in our industry. We hope that by opening the application process, we will have the opportunity to explore genuinely new ideas and draw lessons from other sectors.”

The call for proposals will run until 14 November.

The post Allwyn Launches Player Protection Lab appeared first on European Gaming Industry News.

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Amusnet Goes Live on GoldenPark.es and GoldenPark.pt, Strengthening its Presence in Spain and Portugal

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Amusnet continues its strategic expansion across Europe by partnering with GoldenPark.es and GoldenPark.pt, two prominent online casino platforms operated by GoldenPark. This live now partnership marks a parallel launch in both Spain and Portugal, bringing a rich portfolio of high-performing games to players in these markets.

“The simultaneous launch of Amusnet games on GoldenPark Spain and Portugal marks another step in our mission to deliver a premium and fully personalized gaming experience. With an increasingly broad and diverse catalog, we remain committed to offering our customers content tailored to their tastes and preferences, further strengthening our dedication to excellence in both markets,” said Víctor Sánchez, Manager of GoldenPark.es and GoldenPark.pt.

“GoldenPark’s commitment to player satisfaction makes them a great partner for Amusnet. We are proud to see our games live on both platforms and confident this partnership will deliver exceptional value to players in Spain and Portugal,” said Edwin Cruz, Managing Director at Amusnet Spain.

This new collaboration enables Amusnet to showcase its commitment to delivering quality entertainment, with a curated selection of slot titles. Players in Spain can now enjoy top-performing titles such as 20 Extra Crown, 20 Golden Coins, Orient Story Deluxe, 100 Power Hot and Secrets of Cairo. Meanwhile, Portuguese players gain access to fan-favourites, including 20 Golden Coins, Cocktail Rush, 100 Power Hot, 7 Crystals and Hot Deco. GoldenPark, with over 40 years of experience, has been active in the Spanish online casino space since 2012. As part of its international growth strategy, the brand expanded into Portugal over two years ago, quickly gaining the trust of local players through a compelling mix of games and excellent customer service.

This partnership further reinforces Amusnet’s growing footprint in Southern Europe, aligning with its goal to collaborate with leading operators of quality, and local relevance.

The post Amusnet Goes Live on GoldenPark.es and GoldenPark.pt, Strengthening its Presence in Spain and Portugal appeared first on European Gaming Industry News.

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