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Senet Platform Partners with Beamable

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Senet, the holistic “skill to earn” gaming platform, announced today its strategic partnership with Beamable, a leading open and extensible game server platform. This collaboration marks a significant milestone in Senet’s continuous efforts to enhance its gaming ecosystem, leveraging Beamable’s expertise, resources and game server tools.

With a pedigree in creating online games and virtual worlds, Beamable will assist Senet as a development partner. The partnership will then allow Senet to focus on its overarching goal of fostering an ecosystem for game developers and gamers, in a platform that supports both parties. Beamable, headquartered in Boston and led by a team of season game industry veterans, has garnered recognition and support, having raised $14 million from prominent investors, including Permit Ventures, Companyon Ventures, Grandbanks Capital, and Defy.vc. The company specializes in integrating capabilities from Web3, meta-game, and GenAI, contributing to the evolution of gaming experiences.

Jon Radoff, CEO of Beamable, shared his enthusiasm for the partnership, “Joining forces with Senet is a testament to our mutual commitment to pushing the boundaries of gaming innovation. As we integrate our game server tools and resources, we look forward to contributing to Senet’s expansion roadmap and scalability goals. Together, we aim to create an inclusive and thriving gaming ecosystem that resonates with a global audience.”

As part of this partnership, Jon Radoff, the CEO of Beamable, will become Senet’s chief technical advisor. His wealth of experience and visionary leadership will play a pivotal role in steering Senet towards reaching more players and developing a more robust and comprehensive gaming ecosystem.

Mohsin Waqar, CEO of Senet, highlighted, “With an experienced gaming maverick like Jon Radoff at the helm, Beamable has created a bridge to accelerate our goals as a developing platform. This collaboration is a major opportunity for Senet to reach our Q1 goal of onboarding 1000+ games – and we are confident in exceeding that number with the resources available.” Senet recently announced that it had entered the MENA market, setting up offices in Dubai as its headquarters. With Beamable at its side, Senet is strategically laying the foundation for an expansive and visionary future. This partnership underscores Senet’s commitment to its expansion roadmap, with the Beamable collaboration standing as a pivotal milestone in the development of the Senet ecosystem.

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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LOTTOMATICA GROUP S.P.A. CONTINUED STRONG PERFORMANCE IN Q3 2024, WITH ADJ. EBITDA UP +30% VS 2023. ONLINE MARKET SHARE AT AN ALL-TIME HIGH. TARGET SYNERGIES FOR SKS365 INCREASED. GUIDANCE1 FOR 2024 CONFIRMED.

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The Board of Directors of Lottomatica Group S.p.A. approved the Condensed Consolidated Interim Financial Statements as of and for the nine months ended 30 September 2024.

Read the full Lottomatica press release below.

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The post LOTTOMATICA GROUP S.P.A. CONTINUED STRONG PERFORMANCE IN Q3 2024, WITH ADJ. EBITDA UP +30% VS 2023. ONLINE MARKET SHARE AT AN ALL-TIME HIGH. TARGET SYNERGIES FOR SKS365 INCREASED. GUIDANCE1 FOR 2024 CONFIRMED. appeared first on European Gaming Industry News.

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Datawrkz, a Nazara subsidiary, acquires majority stake in UK growth marketing agency, Space & Time

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Transaction set to fast-track Datawrkz’s ambitious growth plans

Datawrkz, a subsidiary of Nazara Technologies Limited (BSE: 543280) (NSE: NAZARA) has acquired a 100% stake in Space & Time, an independent growth marketing agency with offices across the UK for approximately GBP 4.8 million (~INR 52.3 crores) in cash and stock.

This acquisition is a key move in advancing Datawrkz’s growth ambitions across Europe and North America, positioning it as a scaled player in the global digital advertising market.

The collaboration brings together Space & Time’s expertise in growth marketing, media, and technology with Datawrkz’s strengths in programmatic advertising technology and optimization. This partnership will enable both companies to deliver more impactful digital advertising solutions and drive further expansion, especially in the European and UK markets. Additionally, Space & Time will gain access to Datawrkz’s cutting-edge technology and products, enhancing their ability to deliver effective campaigns and capitalize on growth opportunities in Europe and North America.

Datawrkz was founded in 2013 on the premise that digital advertising can be done better in every way. 

Senthil Govindan, CEO and founder of Datawrkz, will join the Space & Time board. He noted, “We are embarking on an inorganic strategy to complement our strong independent growth, and Space & Time is an ideal partner. The cultural alignment and shared focus on delivering value for clients make this acquisition a perfect fit. We anticipate this collaboration will significantly boost growth for both companies, with Space & Time driving our expansion in Europe.”

Launched in 2000, Space & Time has achieved strong revenue growth over the last three years and is one of a select few Google Premier Partners in the UK. Earlier this year, Space & Time chief executive officer, Chris Jones, was named in the ‘CEO and Leaders’ category of the BIMA 100, a listing of the top 100 movers and shakers in the UK’s digital and technology industry.

Chris Jones adds: “The company was founded with very clear principles focussed around client success. I’m incredibly proud to say these are more intrinsic and fundamental to our values than ever. The challenge was to find an investor that shares this passion for client-centricity and that’s exactly what we’ve found in Datawrkz. As two fast-growing and specialist businesses, the potential between us made this the perfect match and the investment in key areas such as data and technology that this deal brings will help future-proof our clients’ business as we continue to grow.

The deal represents an exciting new chapter in the Space & Time story as we partner with Datawrkz to bring new opportunities to clients. We’re excited for all that lies ahead.”

 

The post Datawrkz, a Nazara subsidiary, acquires majority stake in UK growth marketing agency, Space & Time appeared first on European Gaming Industry News.

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Affiliates react to Autumn budget announcement

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Richard Moffat, CEO, OLBG “We were initially worried about the rise in remote gaming duty rumours, as operators would likely have swallowed these costs by rolling out worse products, worse pricing and fewer offers for gambling consumers. When this happens, punters consider switching to the black market, where friction is lower because player protection is non-existent and taxes are not always being paid.

“The new Labour government has avoided this scenario by keeping tax rates consistent, which will come as a relief to many businesses in the sector that were preparing for the worst, and is ultimately great news for the consumer. The British horse racing industry will also breathe a sigh of relief as any increase in taxes may well have hit their income at a time when many stakeholders are in need of revenue growth.

“Trust in the former Conservative government was damaged by the election betting scandal, and Labour still have their work cut out, according to our latest survey with YouGov.

“Respondents didn’t differentiate vastly between the parties, with more than one-quarter (27%) suggesting that Labour will do no better at regulating gambling than the Conservatives. Only time will tell, but the budget has shown that gambling is some way down Labour’s new list of priorities.”

Jamie Walters, CEO and co-founder, QiH Group “The speculation proved to be just that, as an anticipated rise in remote gaming duty never materialised. While the industry clearly avoided a worst-case scenario, that does not necessarily mean this was a good budget for business.

“The rise in employer National Insurance contributions will be difficult for many small to medium-size businesses, but is at least in keeping with Labour’s pledge to protect the general working public from tax hikes.”

Neil Roarty, head analyst, ClickOut Media “Two weeks ago, when speculative proposals on taxation of the industry were announced, they had a huge deleterious impact on the market, with a total of £3.5bn in stock value lost by the industry’s biggest giants.

“These proposals never arrived, and may not even have been considered by Labour, which has pushed a gaming duty review back to next year. Gambling stocks have already bounced back as something of a correction, with Entain up 8% for example.

“This will come as a welcome surprise for the industry, and also for consumers, who would have been forced to shoulder the cost on behalf of bookmakers. The tobacco and vaping industry was in the ‘vice’ sector crosshairs instead on this occasion.”

 

The post Affiliates react to Autumn budget announcement appeared first on European Gaming Industry News.

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