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NODWIN Gaming Acquires AFK Gaming
NODWIN Gaming, a leader in new-age youth entertainment, gaming, and esports and a material subsidiary of Nazara Technologies Limited (BSE: NAZARA), today announced the acquisition of AFK Gaming Pvt. Ltd., a leading gaming and esports media company subject to closing formalities. With this, AFK Gaming will become a fully owned subsidiary of NODWIN Gaming.
This acquisition strengthens NODWIN Gamingâs esports related content production & distribution, and marketing & PR services capabilities. These capabilities will enhance NODWIN Gamingâs offerings to brands and publishers, making it a strong one-stop-shop for all esports & gaming related marketing activities and thereby increasing the share of wallet of marketing budgets for NODWIN Gaming.
The acquisition of 93% of the share capital of AFK Gaming will be a combination of cash and stock swap of NODWIN Gaming shares for a total consideration of INR 7.6 Crores. NODWIN already owned the balance 7% of AFK previously. As part of this transaction, the founders will become shareholders of NODWIN Gaming and be integrated into different verticals in the NODWIN Gaming ecosystem. In 2017, NODWIN Gaming led AFK Gamingâs first round of investment as a strategic investor, helping the founders turn their hobby into a business. This acquisition completes the lifecycle of NODWINâs strategic investment into the company, making AFK a 100% subsidiary on close.
Founded in 2012 by Nishant Patel, Rakesh Ramchandran and Siddharth Nayyar, AFK Gaming has been at the forefront of the Indian gaming and esports media industry for over a decade. Apart from providing the latest updates from the industry through its website and its specially curated gaming business newsletter Pixel P&L, its agency vertical, Max Level, offers bespoke marketing services to teams, tournament organizers, game publishers and brands looking to connect with gaming and esports audiences. This includes campaign management, IP building, content production, video editing, consultancy, social media marketing, influencer programs and public relations & communications as well. Its clientele includes brands like ASUS ROG, CyberPowerPC India, KRAFTON, Saudi Esports Federation, ESL Faceit Group, The Esports World Cup, Jio Games, TVS and more. Max Level has worked closely with NODWIN Gaming for a majority of its IPs and white-labelsolutions.
Nishant will join the foundersâ office to work on strategic initiatives across the NODWIN Group, while building out Pixel P&L as a media product within the company. Rakesh will be a part of the larger NODWIN team, focusing on augmenting the companyâs ability to build tech led products and Siddharth will continue to head Max Level, focusing on high quality, cost efficient, marketing and PR services.
This acquisition further bolsters NODWIN Gamingâs services portfolio in the gaming and esports ecosystem.
Akshat Rathee, Co-Founder of NODWIN Gaming, commented: âI have known Nishant, Sid and Rakesh since the inception of AFK Gaming. We all started out at the same time, while the esports industry in India was just beginning to pick up. We have built respect for each other over time by butting heads, competing, collaborating and supporting each other when there was little hope. I have learnt to admire their ability to persevere, pivot and be true to the fan. This focus is to be treasured. Once you have that respect and understanding of our strengths and weaknesses, working together is a natural causality. As we come together as one group, I welcome them as shareholders of NODWIN Gaming and as leaders in our group. I look forward to the many missions we will pick up and go on together.â
Nishant Patel, Rakesh Ramchandran and Siddharth Nayyar, Co-Founders of AFK Gaming, stated: âJoining the NODWIN group feels like a homecoming for us. When esports was barely a coined term, Akshat and us agreed to work to grow the market rather than compete in an industry that had yet to prove itself. This led to a long and trust-imbued relationship where Akshat watched over us as a friend, investor, mentor and board member. Now that the industry has matured a bit, our existing synergies with NODWIN allow us to hit the ground running and weâre confident in our ability to unlock the next level of growth for the group!â
The acquisition comes at a time when NODWIN Gaming continues to grow in India and emerging markets worldwide. This deal complements NODWIN Gamingâs recent strategic moves, including the acquisition of Trinity Gaming India, Comic Con in India, German esports and gaming marketing agency Freaks 4U Gaming, West Asia and Turkey-focused marketing agency Publishme, Singapore-based live events firm Branded, and Turkish esports and gaming company Ninja Global.
The post NODWIN Gaming Acquires AFK Gaming appeared first on European Gaming Industry News.
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Paf employees donated âŹ125,000
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The Nordic gaming company Paf decided to give all employees the opportunity to donate âŹ125,000 to various good causes, initiatives and projects. The causes were selected through a nomination and voting process by the employees.
All Paf employees were given the opportunity to nominate their own initiatives that they felt were worthy of Pafâs âŹ125,000 donation. Once the nomination process was complete, employees were asked to vote for the initiatives, and it was the employeesâ votes that determined which initiatives received the donation and how much of the sum was allocated to each project.
âItâs really important that everyone who works at Paf feels that our core mission is different and that itâs well worth working for. Thatâs why we wanted to involve the employees and give everyone a direct opportunity to determine the distribution of the donation,â says Pafâs CEO Christer Fahlstedt.
Pafâs basic purpose is to generate funds for the benefit of society. The annual profit is used as Paf funds for social, environmental, youth, sports and cultural purposes, among others.
Second year in a row
This is the second year in a row that Paf employees have been able to donate a sum of money to various good causes. Last year employees donated âŹ100,000 and this year the amount was increased to âŹ125,000.
âIt was a great way to end last year and a good initiative to repeat this year. The donation is not part of Pafâs usual mission and purpose, but it reflects our overall core purpose in an excellent way,â says Paf CEO Christer Fahlstedt.
The distribution of âŹ125,000
When the employees gathered in December for the annual Christmas speech, the vote was taken and the result determined how the âŹ125,000 would be distributed. The Employee vote gave causes for Ukraine the biggest donation and âŹ40,000, followed by causes against cancer âŹ25,000 and in third place causes for combating abuse of children âŹ15.000.
1. âŹ40.000 â Causes for Ukraine
2. âŹ25.000 â Causes against cancer
3. âŹ15.000 â Causes for combating abuse of children
4. âŹ12.000 â Causes for Children
5. âŹ9.000 â Causes for Animals
6. âŹ7.000 â The Swedish Brain Foundation (HjĂ€rnfonden)
7. âŹ6.000 â Medical aid for Palestine
8. âŹ5.000 â Causes for Women
9. âŹ3.500 â Relief efforts â Spanish weather disaster
10. âŹ2.500 â Jesuit Refugee Services Malta
Most votes â top 3
Causes for Ukraine goes to the following initiatives;
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Power Up Ukraine, Swedish based, helps with energy solutions
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BlĂ„gula Bilen, Swedish based, donates trucks & 4Ă4 vehicles with supplies
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Hospitallers, based in Ukraine, Hospitallers is a volunteer organization of paramedics.
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Come Back Alive, Ukraine, Demining in Ukraine
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Safe & Smart, Ukraine based, Restoring hybrid and offline learning in Ukrainian schools
Causes against cancer goes to;
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Barncancerfonden, Sweden, They help families and contribute to paediatric cancer research with the aim of eradicating childhood cancer
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Kingitud Elu, Estonia, Estonian Association of Parents of Children with Cancer
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RintasyöpÀyhdistys, Finland, Europa Donna Finland ry works to increase awareness of breast cancer and improve the quality of life for patients during and after the treatment period
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Project Liv, Finland, support children with cancer and their families
Causes for combating abuse of children goes to;
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Internet Watch Foundation, UK, stop child sexual abuse online
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Anti-Human Trafficking Intelligence Initiative, USA based, end human trafficking and child exploitation
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Missing Children Europe, protects children from going missing
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ECPAT, based in Thailand, ensures children live a childhood free from sexual abuse and exploitation
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La Strada International, Europe, works against human trafficking
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Prajwala, India, works to end sex trafficking & sex crime
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Maiti Nepal, Nepal, works for a society free from trafficking of children & women
The nomination and voting process was not open to organisations or initiatives that were already beneficiaries of Paf funds. Since 1966, Paf has distributed more than âŹ447 million in Paf funds. In the spring of 2024, Paf was able to distribute âŹ31.4 million for the benefit of society.
The post Paf employees donated âŹ125,000 appeared first on European Gaming Industry News.
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GENTING CASINOS UK RAISES ÂŁ325K FOR CHIPS CHARITY IN 2024
Genting Casinos UK is proud to announce that it has raised an impressive ÂŁ325,000 in 2024 to support CHIPS, a charity founded on behalf of the UK gaming industry to provide specialised powered wheelchairs for young disabled people.
The initiative was prompted by Paul Willcock, Chief Operating Officer, and President, who, at the companyâs annual Senior Management Conference, encouraged the entire organisation to unite in support of this cause. As a trustee of CHIPS, Willcock holds the charity close to his heart and highlighted its transformative work.
Paul Willcock, COO and President of Genting Casinos UK, said: âOur teamâs dedication to fundraising this year has been truly inspiring. From sky diving, sponsored walks and runs, to stacking one million casino chips in less than 24 hours; the creativity and commitment shown across the business have been outstanding. I am incredibly proud to lead such a passionate and caring group of people.
âThe work CHIPS do is extraordinary, but it relies on the generosity of donors to make it happen. We are thrilled to have made such a significant contribution this year, and I look forward to seeing what we can achieve in the future.â
Thanks to the combined efforts of employees and customers, Genting Casinos UK has achieved a remarkable milestone in its support for CHIPS. The funds raised will go directly towards providing young disabled individuals with life-changing powered wheelchairs, enabling greater mobility and independence.
This achievement reflects Genting Casinos UKâs commitment to giving back to the community and supporting causes that make a tangible difference.
The post GENTING CASINOS UK RAISES ÂŁ325K FOR CHIPS CHARITY IN 2024 appeared first on European Gaming Industry News.
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The Power of High Performance: GR8 Tech Achieves 25% Turnover Growth in 2024
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GR8 Tech has successfully closed the year â a 25% year-on-year increase in turnover, dozens of new clients signed, and a significant boost in client revenue. Throughout the year, the company developed nearly 200 new features and improvements, continually enhancing the functionality of its platform. With over 12.4 billion bets placed in 2024 (a 125% increase year-on-year), GR8 Tech has proven its ability to scale and deliver consistent performance, even during the busiest events.
âOur primary focus in 2024 was to empower operators with tools for seamless platform customization and streamlined management. We introduced geo-specific solutions that enable faster market launches, adapting platforms to meet local demandsâwhether through bonus mechanics, payment methods, or tailored content for sportsbook and casino. At the same time, we strengthened our offerings with enhanced sportsbook features, new games in the casino vertical, and innovative gamification mechanics to drive player engagement,â said Denys Parkhomenko, Chief Product Officer at GR8 Tech.
GR8 Tech demonstrated its robust scalability by handling 21.5 million bets during the IPL 2024 alone. With the capacity to process 20,000 bets and 54,000 wallet transactions per second, the platform consistently performs even during high-traffic periods.
In 2024, GR8 Tech signed numerous long-term partnerships, bringing its total number of projects worldwide to 45+ and proving the growing demand for customizable iGaming solutions. The company also received industry-wide acclaim, securing multiple prestigious awards, such as Silver as the Best Platform Provider of the Year at SBC Awards, âBest Online Sportsbook Providerâ at SiGMA Eurasia, âBest Workplaceâ at SiGMA Americas, and âRising Star Provider of the Yearâ at the Affpapa iGaming Awards 2024.
Building on its achievements, GR8 Tech is set for another successful year, continuing to deliver industry-leading solutions for operators around the world.
âImprovement and excellence are about consistently staying ahead. A trend might emerge and then disappear tomorrow, but improving your product â making it better than the competition â has lasting value. Whether itâs through better personalization, risk management, recommendations, or any other aspect, improvement is essential. And in this industry, you donât really have a choice. Itâs so fast-paced that if something new and valuable appears, you need to adopt it immediately. The mindset of constant improvement is what keeps a product relevant and competitive,â said Sergey Ghazaryan, CRO at GR8 Tech.
GR8 Tech heads into 2025 with a continued commitment to driving high-performance results, leading industry trends, and challenging the norm.
The post The Power of High Performance: GR8 Tech Achieves 25% Turnover Growth in 2024 appeared first on European Gaming Industry News.
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