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NODWIN Gaming to increase its ownership in leading European esports company Freaks 4U Gaming to 100% through a share swap valued at INR 271 cr (Euro 30.3 million)

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NODWIN Gaming Private Limited (A material subsidiary of Nazara Technologies Limited, BSE:NAZARA) announced today that its Singapore based subsidiary, NODWIN Gaming International Pte. Ltd, (NODWIN Pte) has signed definitive agreements to increase its existing 13.51% stake in Freaks 4U Gaming GmbH, a Berlin-based Global full-service gaming and esports agency to 100% in tranches through a share swap valued at upto INR 271 crore (Euro 30.3 million)

NODWIN Pte will initially increase its existing stake in Freaks 4U Gaming to 57% and the remaining 43% held by the founders Michael Haenisch, Matthias Remmert and Jens Enders will be swapped at a later time at its option. Existing investors of Freaks 4U Gaming (Co-Investor FRE and Game.Fin S.R.L) will become shareholders of NODWIN Pte

Freaks 4U Gaming offers a multitude of agency services and best-in-case solutions to brands and publishers and generated INR 223 crores (Eur 26.9 mn unaudited) in 2023.This acquisition will significantly enhance NODWIN Gaming’s capabilities, bringing in the expertise, experience and network of the Freaks 4U Gaming team and is expected to contribute materially to NODWINs revenues going forward.

Since the acquisition of a minority stake in Freaks 4U Gaming in January 2024, NODWIN has been working with the Freaks 4U Gaming management on integration of the two businesses and evaluating the synergies they present. The two teams have already worked on jointly delivering high-profile projects such as the PUBG Mobile Global Open and Esports World Cup (EWC) and have jointly explored new business vertical opportunities. Based on the outcomes of this exercise and early traction on potential synergies, NODWIN Gaming and Freaks 4U Gaming have decided to proceed with this transaction.

This move is set to bolster NODWIN Gaming’s access to developed markets, in addition to execution and planning capabilities in PC gaming and publishing support services. The integration of Freaks 4U Gaming’s capabilities, along with its presence in key developed markets, will serve as substantial revenue drivers. This strategic alignment will complement NODWIN Gaming’s strong execution capabilities in emerging markets, enabling the establishment of a global delivery model – a pioneering achievement in the esports sector. Co-Founder of NODWIN Gaming, Akshat Rathee, stated, “This acquisition is a pivotal step in our global growth strategy. By integrating Freaks 4U Gaming’s expertise and resources, we are poised to deliver unparalleled services and expand our global footprint in the gaming and esports industries. In Michael, we have a person who is highly regarded across the world for his wealth of experience and expertise in the sectors. We also welcome all existing shareholders of Freaks 4U Gaming as NODWIN Gaming’s shareholders.”

CEO of Freaks 4U Gaming, Michael Haenisch, expressed enthusiasm about the acquisition, stating, “We are thrilled to be joining forces with NODWIN Gaming to create a robust network and synergies unprecedented in our industry. Akshat is an incredible visionary and leader, our partnership has been quite the ride so far and we know the best has yet to come. With our shared vision and ambition, we look forward to driving our global expansion while spearheading innovation and growth for gaming and esports.”

The post NODWIN Gaming to increase its ownership in leading European esports company Freaks 4U Gaming to 100% through a share swap valued at INR 271 cr (Euro 30.3 million) appeared first on European Gaming Industry News.

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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Golden Matrix (GMGI) Awarded Peru Online Sports Betting and iGaming License

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Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms, systems, and gaming content, today announced that it has been granted a sports betting and iGaming license in Peru.

This license has been issued to Meridian Gaming Peru S.A.C., a subsidiary of Meridianbet Group (“Meridianbet”), a B2B and B2C sports betting and iGaming provider licensed and operating in multiple international markets.
The license N° 3321-2024-MINCETUR/VMT/DGJCMT was granted by the Ministry of Foreign Trade and Tourism of Peru (MINCETUR).

“We are thrilled to enter the Peruvian market, a region poised for massive growth and unprecedented expansion in the coming years. This market entry presents an exciting opportunity to further grow our user base and deliver additional value to shareholders, underscoring our ongoing commitment to developing industry-leading brands globally,” said Zoran Milosevic, CEO of Meridianbet.

According to ENV Media, the total size of the online sports betting and iGaming market gaming industry in Peru is approximately USD $1.2 billion, and is expected to grow at a rate of 6.4% annually until at least 2028. Market penetration is projected to reach 750,000 players by 2028, or slightly above 20% of the total adult population, highlighting the substantial growth potential for iGaming in the region.

The post Golden Matrix (GMGI) Awarded Peru Online Sports Betting and iGaming License appeared first on European Gaming Industry News.

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Esports Charts has been nominated for the Esports Awards 2024

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Esports Charts is proud to announce that we have made it to the list of finalists for the Esports Awards 2024 in the ‘Esports Content & Coverage Platform of the Year’ category, as revealed by the organizers. We are immensely pleased with the recognition in the industry, which resulted in our second consecutive nomination for the award.

“We are thrilled to be nominated for the Esports Awards for the second year in a row. Being recognized in the Esports Content & Coverage Platform of the Year category, which celebrates resources that consistently produce valuable, high-quality, and impactful content, validates our continuous efforts to provide accurate and insightful viewership data. This nomination motivates us to keep pushing the boundaries in our field and continue making a significant impact on the wider esports and live streaming community.”

Artyom Odintsov, co-founder and CEO of Esports Charts

The award organizers have already announced the finalists in other categories as well. Among the contenders for “Streamer of the Year” are Nicholas “Jynxzi” Stewart, Darren “IShowSpeed” Watkins Jr., and Marc “Caedrel” Lamont. The “Esports Content Group of the Year” nominees include G2 Esports and Karmine Corp, while “Mobile Esports Game of the Year” will see competition from Mobile Legends: Bang Bang, PUBG Mobile, and others. Interestingly, the announced categories did not include a Journalist of the Year nomination. It is presumed that the winner in this category may be announced during the second part of the awards, which will take place in London.

This year, voting for the finalists will continue until August 20. There also will be a ‘turbo voting period’ from August 13 to 20, when each vote will count as double.

The Esports Awards is a reputable industry event that honors the most prominent figures of the year in various categories, from content creators to standout new players. In 2024, the awards will be held in two stages. The first stage will take place during the Esports World Cup on August 24 in Riyadh, Saudi Arabia. The second stage will be held in London later in the year, with details about this event yet to be announced.

In 2023, Esports Charts was also among the nominees and won the award for Esports Coverage Platform of the Year. Read more about the results and audience metrics of the previous ceremony here.

The post Esports Charts has been nominated for the Esports Awards 2024 appeared first on European Gaming Industry News.

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Play’n GO Music releases Magnussen’s Mix playlist ahead of Austrian Race Weekend

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Play’n GO, the world’s leading casino entertainment provider, has today announced the release of the fourth MoneyGram Haas F1 Team playlist, Magnussen’s Mix, a playlist of driver Kevin Magnussen’s favourite tunes to get him pumped up on race weekends.

Magnussen’s Mix has been eagerly anticipated as it comes off the back of successful releases of Ayao’s Anthems, the Haas’ Tracklist, and Magnussen’s driver teammate Nico Hulkenberg’s Hulkenberg’s Hits. Magnussen’s musical tastes may surprise some fans, as the Danish-born driver includes the likes of Billy Idol and Led Zeppelin, with the King of Rock ‘n’ Roll himself, Elvis Presley, also prominent on the playlist.

Ebba Arnred, Chief Marketing Officer and Co-Founder of Play’n GO said: “We’ve had a lot of fun collaborating with everyone at MoneyGram Haas F1 Team on these playlists, and it’s been very cool to see the different musical tastes that inspire the different teams and individuals that make up the organisation. One of the reasons that we set up Play’n GO Music was to bring together a community of music lovers, and this project has certainly succeeded on that front.

“Kevin’s musical tastes are certainly eclectic, and it’s easy to see how his choices get him pumped up before jumping into VF-24 every weekend. Let’s hope for a successful weekend in Austria for the whole team!”

Kevin Magnussen, Driver, MoneyGram Haas F1 Team said: “I’ve watched with interest as Nico, Ayao, and our background teams have shared their favourite songs with everyone at Play’n GO Music, and I’m excited to finally get the chance to put my own spin on their Spotify channel! I hope my musical choices bring you as much pleasure as they bring me, and I hope to have your support in Austria this weekend.”

The post Play’n GO Music releases Magnussen’s Mix playlist ahead of Austrian Race Weekend appeared first on European Gaming Industry News.

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