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OHL raises stake in PokerStars’ €500-million Madrid project

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OHL Desarrollos, the leading construction company in Spain, has acquired a 32.5 per cent stake in the Centro Canalejas Madrid development project, raising the company’s stakes to 50 per cent. The remaining 50 per cent of the project is owned by the PokerStars founder Mark Scheinberg.

The complex will have hotel and residential areas as well as retail space and multiple food and beverage outlets. It is scheduled to open by the end of 2019. The project is located next to the Puerta del Sol square in Madrid and includes buildings formerly occupied by the Banco Santander.

In a Monday filing to Spain’s National Securities Market Commission (Comisión Nacional del Mercado de Valores), OHL said that it would pay €50 million for the 32.5 per cent stake in the development with an option for an additional €10-million payment in the event of gains if it sells its stake subsequently.

Excluding the newly added holding, OHL originally owned 17.5 per cent in the scheme. The acquisition marks Villar Mir’s official exit from the project and provides OHL with a 50 per cent stake, the other 50 per cent being owned by Mr. Scheinberg, who joined the project last February through his company Mohari Limited.

Development work commenced in 2014 and the complex is now expected to open doors in late 2019. It will feature a 200-room Four Seasons-operated hotel, which will mark the Canadian chain’s entry into the Spanish hospitality market, a residential area, which will, too, be operated by Four Seasons.

The property is expected to create 4800 direct and indirect jobs and has been touted as one aiming to bring revitalisation to the area and protect the historic and cultural heritage of the buildings it will include. In fact, the risks the project might pose to the integrity of the area have been one of the main reasons why it has been contested heavily by a number of heritage defense groups.

Mr. Scheinberg, who together with his father, Isai, founded PokerStars in the 2000s and then sold it to Canada’s Amaya for nearly $5 billion, entered the Centro Canalejas Madrid scheme in February 2017. The businessman, whose net worth is estimated at $4.8 billion (Forbes: Real Time Net Worth), paid €225 million for a 50 per cent stake in the endeavour. The deal marks his first foray into the Spanish real estate market, which seems to be gradually returning its mojo after the 2008 property bubble burst that saw property prices collapse overnight and shatter Spain’s economy like a massive earthquake.

 

Source: casinonewsdaily.com


Source: Latest News on European Gaming Media Network

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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Treats of Terror haunts the reels with cascading suspense

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Play’n GO gets spooky at the cinema with Treats of Terror, a 5×5 grid slot set in a shadowy cinema where ghostly confections and cascading symbols bring unexpected rewards with every drop.

Lights flicker and curtains twitch as Treats of Terror fills the screen with glowing sweets and spectral surprises. Set within a haunted theatre, this scatter-pays slot challenges players to land six or more matching symbols anywhere on the grid. Winning icons vanish in a cascade, replaced by fresh drops – and that’s where the tension truly builds.

Where this slot really earns its title is with its Collector mechanic. At any moment, Cash or Prize Symbols might appear – with values of up to x1000 – but it’s the eerie Collector who steals the show, harvesting all visible values for instant wins. With multiple Collectors on screen, each one gathers all symbol values independently, stacking up the scares and the rewards.

In Free Spins, players move through a three-act feature. Stage 1 kicks off with a x2 multiplier, increasing to x3 and then x5 by collecting Scatters along the way – all while the collection mechanic stays active. The theatre’s shadows deepen, the multipliers rise, and the tension never drops.

While Treats of Terror stands alone in its haunted setting, it builds on the cascading slot legacy seen in titles like Sweet Alchemy 2 and Honey Rush, marrying immersive visuals with powerful symbol synergy. Fans of grid slots and atmospheric design will find themselves right at home in this haunted house of film.

George Olekszy, Head of Game Retention, said: “Treats of Terror is all about sustained suspense. The cascading reels, the escalating Free Spins, and the Collector mechanic work together to deliver a layered, cinematic experience for players.”

With an eye-catching design and features that tie tightly to its theme, Treats of Terror offers a compelling blend of tension and reward.

The post Treats of Terror haunts the reels with cascading suspense appeared first on European Gaming Industry News.

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Spinomenal releases Outlaw’s Redemption

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Leading iGaming content provider Spinomenal has released its new Western-themed action-adventure game, Outlaw’s Redemption.

The 5×3 game unfolds in a dusty frontier town under a twilight sky that is lit by lanterns hanging along a row of wooden cabins. A soft guitar riff is complemented by maracas, building tension on the reels populated with Golden Horseshoes, Whiskey Barrels, Longhorn Skulls, Cowboy Boots, and Revolvers.

There are two Wilds in play, a countdown revolver cartridge and a menacing outlaw, which count for any symbols except Free Spins and Bonus symbols. If five of either appear on a winning line then players will see their win multiplied by 1,000. Scattered Free Spins symbols are represented by a glamorous saloon girl and three or more will launch Free Games. In the base game only, Free Spins symbols will appear only on reels 1, 3 and 5. The Wild symbol will expand on one of the reels and remain until the end of the spins. Before the Free Spins begin, players choose between five options to decide where the Stacked Wild is located – the amount of Free Spins will change accordingly.

After the reels have come to rest, if there are any countdown Wild symbols on screen, the game will enter Respins mode. This means the Countdown Wild will stay for the next re-spin and its count will decrease by 1. When there are no Countdown Wilds with a count greater than or equal to 1, the Respin mode finishes. There are also Mystery symbols that are represented by saloon doors hiding one random symbol aside from Bonus, Wild or Free Spins.

The Bonus game is activated with three or more Wheel of Fortune Scattered Bonus symbols. Once in the Bonus game, players face a three level Wheel of Fortune, and have three attempts at spinning the wheel to win prizes including multipliers, extra spins or level up. In addition, the level up awards an extra spin and once these are gone, the sum of wins collected will be awarded.

Spinomenal CO-CEO, Omer Henya commented: “Outlaw’s Redemption is a gritty Western adventure that is packed with entertaining features like Countdown Wilds and the Wheel of Fortune Bonus. Players will love this ride on the reels, hoping for a shot at glory.”

The post Spinomenal releases Outlaw’s Redemption appeared first on European Gaming Industry News.

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Belatra releases arcade adventure: Cyber Gypsies

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Belatra, a leading developer of innovative online slots, has released its retro reels ride, Cyber Gypsies. This latest hit from Belatra carries players into a bright world where digital technology blends with the spirit of console gaming.

Taking inspiration from the look and feel of retro video games, Cyber Gypsies offers a classic 5-reel, 20-line layout packed with modern twists. A joyfully electro soundtrack puts the finishing touches on a game bursting with dynamic features, accumulating multipliers, and slick gameplay. Each spin holds the potential for thrilling wins. Wild symbols may appear on reels 2, 3, and 4 and substitute for all standard symbols to form winning combinations. Multipliers hold the true power with their ability to boost returns. During the base game, and normal Free Games, Wilds can carry x2 or x3 multipliers.

Hot Mode means these values increase to x3, x5, or even x8. When multiple Wilds land on a payline, their multipliers are added together – so a combination of x2 and x3 becomes x5 – leading to boosted wins. Hack Mode may activate in any base game spin to unleash a burst of Wild symbols onto the reels in real time that can create or enhance winning combinations. Players who can’t wait to amp up the action can also access Hack Mode directly via the Bonus Buy feature.

Free Games will be triggered with three Scatters landing on reels 1, 3, and 5. Players will automatically earn five Free Games, but before beginning, they must pick one of the eccentric heroes, each offering a unique volatility and bonus power. The next step is choosing the number of Free Games to play – ranging from 7 to 20. Once active, every Wild symbol uncovered becomes sticky and remains in place for the rest of the bonus round – significantly raising the chances of hitting frequent and big wins.

Sergey Chernyavski, Belatra Games’ CCO, said: “Cyber Gypsies is more than just a slot—it’s a raucous, retro reels adventure. It’s a celebration of the timeless thrill of classic games, reimagined with modern mechanics. With Sticky Wilds, flexible Free Games, and multiple ways to boost wins, the game offers a perfectly-balanced mix of nostalgia and innovation.”

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