Latest News

Glitnor acquires affiliate powerhouse KaFe Rocks

Published

2 years ago

February 21, 2022

Reading Time: 2 minutes

Fast-growing igaming operator and games developer makes major play in the lead generation space

Glitnor Group, the fast-growing igaming operator and games provider, has acquired affiliate powerhouse KaFe Rocks Ltd for an undisclosed sum.

The acquisition spearheads Glitnor’s move into the lead generation space and will add to the long-term growth of the business.

As part of the takeover, KaFe Rocks Co-founder Feda Mecan will join the Glitnor board of directors^# while CEO Simon Pilkington will join the Glitnor Group executive management team. The day-to-day management of KaFe Rocks will continue in its current format.

KaFe Rocks is a leading iGaming affiliate, with multiple Power Affiliate top 10 rankings and is also based in Malta, with a successful global portfolio of assets, diversified over 10+ markets, with its user-centric flagship brands time2play, and USCasinos. com focused heavily within the US market, alongside their own previous acquisition and key asset Online-slot.co.uk.

The acquisition complements Glitnor Group’s B2C business which currently includes online casino brands Lucky Casino and Gambola. The company is also making waves with its B2B business through its fast-growing casino content supplier, Swintt.

Founded by the creators of Maria Casino and Vera&John, Glitnor Group strives to be the most entrepreneurial business group in the iGaming industry.

The acquisition of KaFe Rocks helps progress that ambition and allows the company to drive further forward into lead generation.

Glitnor Group CEO, David Flynn, said: “Glitnor is not shy about its ambitions to become a leading igaming group and the acquisition of KaFe Rocks and our move into the lead generation space is evidence of this.

“In KaFe Rocks we have an established business being run by an incredibly talented team that owns and operates a network of successful, reputable affiliate assets that will drive growth for the wider group.

“I look forward to working closely with Simon, Feda and the entire KaFe Rocks team of 170 Rocketeers as we further expand Glitnor Group’s Total Addressable Market across the iGaming and Sportsbook value-chain, offering reputable iGaming products and services around the world.”

KaFe Rocks CEO, Simon Pilkington, added: “I’ve been hugely impressed with the leadership team at Glitnor and am massively excited for what the future holds for both KaFe Rocks and the Glitnor Group.

“Since initial talks began, it’s been clear that both companies share a vision for growth, but that they also value the people driving it and believe in developing a culture where people can thrive.

“The trust that they are showing in us to continue being KaFe Rocks is gratefully received and I’m extremely driven to deliver the results that will help the new group achieve its goals.”

Co-founder and Chairman of KaFe Rocks, Tim Tepass, also added: “At the heart of KaFe Rocks’ success is its people; for us as the owners of KaFe Rocks it’s been imperative that we look to accelerate growth through finding the right people to work with going forwards, and in David and his fantastic team at Glitnor Group we are adamant we’ve found just that.

In Glitnor Group, we know that the future of KaFe Rocks and its Rocketeers is in great hands, and I look forward to being able to lend our experience and desire to help drive Glitnor forward to a level of growth that we fully believe in and support.

We have a shared belief in creating products that are for the user, and I know that together, Glitnor will build on its already impressive progress.”

Latest News

Play’n GO conduct an electrical revolution in Spark of Genius

Published

11 mins ago

May 16, 2024

George Miller

Reading Time: 2 minutes

Play’n GO pits Woodrow and Jačova against one another in a race against bolts in Spark of Genius.

Play’n GO has an extensive slot portfolio of over 300+ dynamic titles. With the newest addition to the slot roster, the iGaming titan once again channels innovation and quality game design with Spark of Genius.

In this dynamic 6×6 grid slot, players are transported to the dawn of the 20th century, where the clash between industry pioneers Maynard Woodrow and Tess Jačova ignites. Players will harness the power of Resonant Energy and Manifest Energy as these characters vie for dominance over the grid.

Players must the learn the abilities of Tess Jačova and Maynard Woodrow, opening gameplay advantages in the epic quest for scientific supremacy. With features like Gyrota and Relay – this slot’s home to thrilling spins and explosive wins.

This slot has features that’ll make any slot enthusiast’s hair stand on end. The abilities of our two scientists are vital for accessing the Bonus Round, where Tess introduces Gyrota and Dynamo, offering strategic symbol rotations and special connectors for increased winning potential.

Meanwhile, Maynard presents Relay and Overload, obliterating symbols and cascading disruptions. Maynard’s Empire Energy Spin boasts a 2×2 connector – potentially securing players up to 35 Free Spins with surging Win Multipliers.

Spark of Genius seamlessly blends historical rivalries with cutting-edge gameplay and our signature FuseWays mechanics drawing players into intrigue and excitement. Fans of science-driven and sci-fi slots like Dr Toonz and Fortune Rewind will feel right at home with this electrifying adventure.

Games Ambassador at Play’n GO, Magnus Wallentin said: “We’re excited for the fandom to experience the spectacle that is Spark of Genius. This title is a little different, because it uses real-world science to influence the grid slot setup, alongside our signature new mechanic FuseWays which is really cool and something we haven’t done before. From the powerful Empire Energy Spin to character-driven abilities, this slot’s got lots of dynamic quirks we’re sure fans will love.”

With unique abilities, an immersive historical setting and thrilling features – Spark of Genius promises an electrifying gaming experience like no other.

The post Play’n GO conduct an electrical revolution in Spark of Genius appeared first on European Gaming Industry News.

Latest News

Raketech’s Board of Directors withdraws dividend proposal

Published

11 mins ago

May 16, 2024

George Miller

Reading Time: < 1 minute

After careful consideration and in order to best serve the business’s needs, increase the company’s long-term financial flexibility, and serve the long-term interests of both the company and its shareholders, the Raketech Board of Directors has decided to withdraw its previously announced proposal to the Annual General Meeting on 16 May 2024 to distribute dividends in 2024.

“In light of the revised full year guidance announced May 1, 2024, and our current financial obligation relating to the Casumba earnout, it is paramount that we prioritize the company’s financial flexibility. While we recognize the significance of dividends to shareholders, we believe that withdrawing the proposed dividend and increasing our financial flexibility is the right thing to do to ensure long-term sustained growth and value creation. This decision underscores Raketech’s commitment to prudent financial management and its focus on delivering sustainable growth and profitability. The company remains committed to delivering value to its shareholders and will continue to assess opportunities to enhance shareholder returns in a manner that aligns with its long-term strategic objectives,” says Ulrik Bengtsson, Chairman of the Board.

The post Raketech’s Board of Directors withdraws dividend proposal appeared first on European Gaming Industry News.

Latest News

Former UEFA.com editor Eugene Ravdin launches weekly sports column on MightyTips.com

Published

12 hours ago

May 15, 2024

George Miller

Reading Time: 2 minutes

Former UEFA.com editor Eugene Ravdin has launched a weekly sports column on MightyTips.com, which will offer his thoughts and opinions on the latest developments in global sports.

MightyTips is proud to announce the launch of the weekly column, titled “The Ravdin Report”, from a seasoned sports media expert.

The column will feature weekly insights from the renowned sports journalist Eugene Ravdin, providing readers with his thoughts and views on sports, sports betting, and fantasy sports.

Additionally, publications will cover some of the biggest sports events and highlight prominent athletes across a diverse range of sports.

Eugene Ravdin is an experienced sports expert with decades of experience covering major sporting events.

Before joining MightyTips, he spent 19 years in various roles at UEFA.com, the UEFA official website. Most notably, as the Editor-in-Chief of the Russian-language editorial team.

During his time at one of the most recognisable organisations in association football, Eugene Ravdin covered a plethora of events and competitions from the men’s and women’s UEFA EUROs, through to the UEFA Champions League and UEFA Europa League finals.

Ravdin’s wealth of knowledge and experience has been bolstered over the years thanks to his journalistic avenues, where he has interviewed top-level sportspersons, such as Arsène Wenger and Guus Hiddink.

Eugene Ravdin, Communications and Marketing Manager at MightyTips, said, “I have spent almost all my professional career in the world of sports media, and have always been restricted by a certain topic or angle.

MightyTips offered me an engaging platform to write on with practically no boundaries. This is both challenging and inspiring, and I hope to give our readers a pinch of a personal take on a wide range of sports, competitions, and stars..

The Ravdin Report will provide insightful tips and opinions, which enhance the sports media and betting experience for MightyTips and its readers.

Not only will it cater to the interests of avid sports fans, but keep them updated with the latest news, analysis, and predictions of the sports world.

Users can expect a wide range of content in the new weekly sports column, including insights on football, basketball, boxing, and other sports.

You can check out the column over on MightyTips.com. Be sure to bookmark to get your dose of comprehensive coverage of the sports you love most.

The post Former UEFA.com editor Eugene Ravdin launches weekly sports column on MightyTips.com appeared first on European Gaming Industry News.