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Vereeni Investments partners with RB Capital to take equity stake in Kalamba Games
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Venture capital fund Vereeni Investments has agreed a strategic partnership with investment and M&A brokerage RB Capital to acquire a 20 per cent equity share in casino and slots development studio Kalamba Games.
The deal is based on a seven-figure investment in return for 20 per cent of Kalamba. The strategic partnership will accelerate the introduction of innovative new promotional and social capabilities to Kalamba operators, as well as raising the bar in terms of operator differentiation, player entertainment and profitability.
It will also empower Kalamba to better address region-specific market demands at a time when the global gaming landscape is becoming increasingly fragmented.
Kalamba, which was founded in 2016 and that has already launched a range of high performing titles, was selected for the investment after showing high growth potential. RB Capital has a strong track record of identifying up and coming companies within the gaming space.
The investment in Kalamba will complement the other innovative brands in which Vereeni has holdings, including companies from across the iGaming, business intelligence, software development, crypto and blockchain verticals.
It will also give Vereeni and RB Capital the opportunity to work alongside several experienced industry names, such as Kalamba co-founders Steve Cutler and Alex Cohen.
The combined expertise of Vereeni, RB Capital and the Kalamba management team will help position the supplier as a serious contender within slots development over the coming years.
Tim Heath, Founding Partner, Vereeni Investments, said: “In less than two years, Kalamba Games has displayed the creativity and expertise required to make a major splash in slots development. By taking a significant equity share, we are confident that Vereeni Investments can help Kalamba Games reach the next level in its development.
“We are also thrilled to have struck this deal alongside RB Capital, which brings an unmatched level of experience across the iGaming space. This investment is the latest exciting addition to Vereeni’s ‘Level Up’ investment fund, which is helping numerous innovative young companies scale competitively.”
Steve Cutler, CEO and Co-Founder, Kalamba Games, said: “Alex Cohen and I, as well as the whole team at Kalamba, are very excited that we have joined forces with Vereeni and RB Capital, who bring the financial resources and strategic capital, that match our vision for being a tier one supplier in the casino games industry.
“The investment gives us the ability to scale up the development teams in Krakow, maintain our already aggressive velocity and build the Games Platform coupled with the engagement and retention tools, that the industry still desperately needs. We will also be setting up the new head office in Malta, where we will continue to strengthen the business development, marketing and finance teams.
“This fantastic deal is the next step on our journey to becoming the “greatest”. Working with Tim, Julian and their teams, will accelerate the vision we set ourselves two years ago when we saw the obvious gaps in the market. 2019 will be a very important year for us and we are looking forward to surpassing the ambitious goals we have, as well as firmly cementing our position as the next generation games powerhouse.”
Julian Buhagiar, Co-Founder, RB Capital, said: “It is truly a pleasure for us to be working with Steve, Alex and all the team at Kalamba. We’ve been watching them closely for a while now, and in a short time they have built a very compelling games portfolio. It is very exciting to be supporting their efforts to acquire new territories with their disruptive content. We see significant opportunities for growth ahead for Kalamba.”
Kalamba Games has already built a strong reputation within iGaming and was nominated for the ‘Game to Watch’ award at ICE 2018, as well as the ‘Software Rising Star’ and ‘Innovation in Slots Provision’ awards at the Egaming Review B2B Awards 2018.
Kalamba’s dynamic teams based in Malta and Poland have already released 11 titles in less than a year from first game launch, aided by an experienced management team dedicated to making operators more profitable via higher player lifetime values and marketing ROI.
Kalamba is the latest company to receive a direct capital injection from Vereeni Investments. Based in Malta and founded in 2017 by Coingaming Group CEO Tim Heath, Vereeni has crafted a thriving ecosystem of complementary investments through meticulous searching.
To date Vereeni has accumulated a wealth of strategic investments aimed at aiding and advancing the iGaming industry, including companies such as OneTouch, Sherpa, Coolbet, Global Gaming, Hexagon, The Games Company, Puntaa, Skrilla, Falcon Dive and Singular.
Source: Latest News on European Gaming Media Network
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SPAYZ.io reflects on milestone achievements in 2024
SPAYZ.io, a global leader in payments technologies, has reflected on a remarkable year of milestones and achievements as it prepares for a series of exciting new industry initiatives. Its expansion into new markets, integration of next generation technologies, and active participation at industry events have collectively paved the way for strengthened partnerships and innovative solutions in 2025.
In 2024, SPAYZ.io launched new payment methods in established jurisdictions like Europe (Open Banking) and South Korea (Virtual Accounts) and emerging markets including Pakistan (Jazzcash, Easypasia), Malaysia (Touch’n’Go, FPX), Indonesia (Dana, OVO), Vietnam (MobileMoney, Viettel). Three new geos were also added; Kenya (M-Pesa), Ghana (MobileMoney) and Congo (MobileMoney).
SPAYZ.io made huge upgrades to ensure its platform,including enhanced provider balance management to optimise operational efficiency, increased fault tolerance to mitigate the impact of Distributed Denial of Service attacks, strengthened fraud prevention measures to safeguard transactions, and a tiered commissions policy.
A key highlight was the enhancement of SPAYZ.io’s existing IT product block. A new structure for team integration and alignment, double productivity output, reducing development time by 20. This was backed by the processing of 77,000 requests, 210 requests per day, in 2024 by the customer support team, offering fast assistance anytime the day.
Alongside these launches, SPAYZ.io took part in 19 exhibitions across 13 countries with 4 booths, expanding its network of partners.
Finally, in line with SPAYZ.io’s philosophy of rewarding partnerships and simplifying collaboration, it launched a new tiered commissions policy in 2024. This structure ensures its partners can benefit from incentives, while providing access to SPAYZ.io’s suite of payment tools.
The past 12 months have laid down a strong foundation for 2025, positioning SPAYZ.io for even greater achievements. The team looks forward to providing regular updates to our expanding network, particular with the 2025 event season well underway.
The post SPAYZ.io reflects on milestone achievements in 2024 appeared first on European Gaming Industry News.
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Atlaslive and Split The Pot Team Up to Enhance Gaming Accessibility and Fun
Atlaslive, a dynamic iGaming Platform, has recently announced a strategic partnership with Split The Pot, a company renowned for lightweight, customizable, and enjoyable games. This collaboration will enhance the gaming experience for Atlaslive Platform users by combining top-notch, live technology with engaging and secure gaming solutions that also reach remote locations and all sorts of phone models.
Atlaslive is committed to delivering innovative iGaming solutions for operators that meet the changing needs of the gaming community. This partnership with Split The Pot aligns perfectly with Atlalsive’s mission to discover how far iGaming tech can evolve and to provide exceptional, user-centric gaming experiences.
Lidiia Vakulenco, COO of Atlaslive, expressed her excitement about this collaboration: “We are thrilled to partner with Split The Pot and bring their engaging and intuitive games to our platform. At Atlaslive, we focus on offering solutions that combine innovative technology with ease of use, ensuring that operators can deliver outstanding gaming experiences to players worldwide. This partnership strengthens our commitment to providing user-friendly and secure options for all types of players.”
Split The Pot is a Swedish game studio led by experienced online gambling professionals. They create simple, fun, and intuitive games designed for a wide audience, with a strong focus on mobile-friendly design.
Christian Rajter, CEO of Split The Pot, shared his enthusiasm: “We are excited to start working with Atlaslive and are confident this collaboration will bring great results to all of us and immense value to players. Their platform is incredibly advanced yet adaptable, allowing our games to reach a broader audience, including players in remote areas and those using various devices.”
Through this partnership, Atlaslive continues to show its commitment to building the future of iGaming while ensuring that operators benefit from live technology while meeting the dynamic needs of the gaming community. Together with Split The Pot, Atlaslive is here to revolutionize gaming through inventive, accessible, and personalized tools.
The post Atlaslive and Split The Pot Team Up to Enhance Gaming Accessibility and Fun appeared first on European Gaming Industry News.
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ICE welcomes the ‘world of gaming’ to Barcelona
120,000 square metres of innovation presented by some 1,000 exhibitors is the prospect awaiting visitors arriving in Barcelona to be part of the annual gambling showcase, the first to be staged outside the UK. Both ICE and iGB Affiliate are officially sold out with Clarion Gaming confirming that it is operating a waiting list for 2026.
A Skywalk delivers an elevated perspective on the show floor and provides visitors with straightforward and swift access to the product zones that they require. To help visitors explore the full potential of the flagship event, Clarion has invested in ICE Ai, an enhanced customer tool which provides information on everything the industry-defining expo has to offer.
The relocation to Fira Gran Via Barcelona has provided opportunities to add new features and enhance existing ones. The first ICE ‘Association Assembly’ has been created to enable trade bodies to promote their values and create new opportunities for the gaming community across every sector and geography.
What was previously ICE VOX has been rebranded The World Gaming Forum (WGF). The name more accurately reflects the credentials of events including the World Regulatory Briefing, the new Casino & Leaders Conference (formerly the ICC), and the new Esports & Games Conference – formerly the Esports Betting Conference.
Situated at the heart of the Fira Gran Via Barcelona, the WGF features an exclusive club-style VIP Lounge, a dedicated networking garden, and access to a range of concierge services.
The rebranded Sustainable Gambling Zone, sponsored by Flutter Entertainment, features 26 safer gambling bodies and underlines the importance that the industry places on sustainability and player protection.
The post ICE welcomes the ‘world of gaming’ to Barcelona appeared first on European Gaming Industry News.
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