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Bragg Gaming continues US expansion
Global B2B iGaming technology and content provider Bragg Gaming Group today announced that it has acquired Wild Streak Gaming, a Las Vegas, Nevada based content creation studio with a portfolio of 39 premium casino slot titles supported across online and land-based applications.
Bragg signed a purchase agreement to acquire all of the outstanding membership interests of Wild Streak in a cash and stock transaction for a purchase price of approximately USD30 million. Pursuant to the Transaction, which closed simultaneously with the signing of the purchase agreement, the sellers of Wild Streak received USD10 million in cash at closing and will receive USD20 million worth of common shares of Bragg over the next three years, subject to acceleration in the event of a change of control.
Together with the pending acquisition of Spin Games, announced on 12 May 2021, the Transaction serves to advance Bragg's acquisition strategy by increasing its ability to distribute and develop high-quality online casino content to the US market in-house. The Transaction provides Bragg with a library of 39 premium casino content titles, including several top performing land-based titles, and a robust suite of intellectual property and know-how including game designs, mathematic works, advance game mechanics and features that are specifically tailored for US markets.
Wild Streak's design team comprises experienced mathematical and creative minds from the casino gaming industry and includes Doug Fallon, the founder and CEO of Wild Streak and a renowned land-based slot designer with over 20 years of industry experience. Doug worked in several executive marketing and design positions over 11+ years at Aristocrat before founding Wild Streak. Wild Streak has created popular games for the largest U.S. land-based slots manufacturers and designed the games and mechanics behind several well-known land-based slots titles and brands along with successful games in both social and real money online casinos. Wild Streak has a library of land-based content that will be customized for the USA online market along with building upon existing high performers such as Dragon Power in the USA online market.
Effective at closing of the Transaction, Mr. Fallon will join Bragg as Managing Director of Group Content and will play a key role in leading Bragg through its US content creation strategy while also collaborating closely with the Company's European development staff to facilitate the cross-selling and repackaging of Bragg's proprietary European content for U.S. operators.
Upon the completion of the Spin and Wild Streak transactions, Bragg will have successfully executed on its strategy of acquiring the essential resources and technology assets required to become a tier one vertically integrated B2B iGaming business operating in US and Canadian markets. Bragg's consolidated operations will comprise an enhanced full turnkey iGaming, content delivery and Player Engagement Platform with integrations into the majority of the tier one operators across both US and European markets, and a robust in-house content development function with localized market expertise that will allow the Company to expand its proprietary content offering.
Wild Streak reported USD1.05M in revenue and USD233,000 of EBITDA in FY2020, and USD487,000 in revenue and USD241,000 of EBITDA in Q12021.
“In an industry where premium content is king, Doug and his team have built up an enviable track record of developing leading premium casino slot content for both the land-based and online casino industry,” said Richard Carter, Chief Executive Officer of Bragg Gaming. “We look forward to integrating this know-how into Bragg’s overall offering and significantly expanding the Company’s higher margin proprietary in-house casino slot content capabilities.
“We expect this Transaction to be materially enhancing to both revenue and EBITDA in the first full year of ownership, as well as strategically compelling given Wild Steak brings a wealth of US market casino games insights into the group, including valuable game designs, advanced game mechanics and features that are specifically tailored for and proven in the U.S. market.
"We welcome Doug and the whole Wild Streak team onboard, and we look forward to leveraging Doug's expertise to lead our US and global content creation strategy,” he added.
"Richard and the Bragg Gaming executive team have put in place the strategy and key components to accelerate their growth and market share in the iGaming market, and Wild Streak is excited to be a cornerstone for their growth strategy,” commented Mr. Fallon. “We are highly impressed with the ORYX Gaming technology stack's robust foundation and their roadmap for additional capabilities in development. We are looking forward to working with the ORYX team to create unique player experiences as we embed their technology into our game designs."
"As the trends indicate, much of the historical content designed for Europe does not resonate with the traditional American player and we believe our background is an ideal fit with for the Bragg Gaming Group as it focuses on this emerging market,” he added.
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Drops and Win promotion from Pragmatic Play
Pragmatic Play, a leading content provider to the gaming industry, has celebrated the first week of its industry-first €/£7,000,000 Drops & Wins promotion, which incorporates both Slots and Live Casino verticals.
The staggering combined prize pots have seen players enjoy a share of the €500,000 pool per month on Slots, with participating titles easily recognizable through the Drops and Wins logo.
In addition, a €500,000 monthly Live Casino prize pool is on offer, with players able to enjoy Pragmatic Play’s cutting-edge games across all devices. Following the launch on 3rd June, the promotion will now run until 17th of November, with the entire prize pool being funded by Pragmatic Play, in the highest ever fully-backed pool by a supplier.
The upgraded promotion, all managed by Pragmatic Play, offers operators the chance to run thrilling Tournaments, Prize Drops and more on leading Live Casino hits such as Roulette, Blackjack, Baccarat and Mega Wheel.
The newly-launched Prize Pool proves the promotion delivers player retention, and increases player engagement and game performance, with clear, tangible improvements in the value of the operator partnerships.
Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: “Last week marked a hugely exciting time for us as we launched our biggest ever Drops and Wins promotion, with a whopping €/£7,000,000 up for grabs.
“We’re always looking to enhance the gameplay experience for our fans, and what better way to do it than by giving away €/£1,000,000 every month for the next seven months. Any spin can lead to huge rewards, and we can’t wait to give something back to players!”
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'Beat the Clock' with PokerStars
New, fast-paced Beat The Clock tournaments are now available at the world's largest online poker site, PokerStars.com, an Amaya brand. Beat The Clock games are Zoom tournaments that last just five minutes, making for a fun, adrenaline-induced experience for players looking for some rapid-fire poker action.
All players have to do to win cash is remain in the game until the timer runs out, with the prizes then distributed in proportion to the players' chip stacks at the end of the tournament.
Beat The Clock front man Cristiano Ronaldo is the star of the new product's advertising campaign, which features visually-stimulating television ads hitting screens around the world this week. PokerStars SportsStar Cristiano Ronaldo said, "Beat The Clock requires you to think and act quickly with a high level of skill, which gives me the same rush of excitement that I experience on the pitch. The timed element of this game makes it fun to play and means I can get that quick adrenaline fix on the move."
These four-handed, timed tournaments are available now on desktop and mobile. Players who are able to dodge elimination by the time the five-minute clock runs out will be quickly rewarded, perfect for those who love the thrill of competition and are seeking a short poker session. These bite-sized games are also a stimulating way for beginners to experience the excitement of poker and to further develop skills.
Severin Rasset, Director of Poker Innovation and Operations at PokerStars said, "We are constantly looking to innovate at PokerStars and believe Beat The Clock is a great new addition to our poker offering. It's the perfect format for those who want to fit in some quick, intense poker action and is ideal for mobile play, where, in just five minutes, players can experience all the emotions and excitement that only poker provides."
Beat The Clock tournaments are available in the PokerStars mobile app and the desktop client. For more information, please visit the PokerStars website.
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BingoBilly announces Birds Slots Tournament
It turns out that playing slots at an online Bingo site is for the birds. Literally. Leading online Bingo site BingoBilly today announced its $675 Birds Slots Tournament featuring three daily leaderboards from 22 November through 24 November. The promotion is open to depositing members only.
"Why wait for Thanksgiving to feast on a gigantic bird?" stated Laura Chacon, Bingo Manager of BingoBilly. "We're inviting players to stuff their pockets with big prizes starting 22 November in our Birds Slots Tournament."
The Birds Slots Tournament is a three-day leaderboard competition with $225 in prizes on the line each day. To participate, players simply have to make a deposit to their BingoBilly account on 22, 23, or 24 November, with wagers counting from the moment the deposit is made. Players should then click the Slots tourney tab in the lobby and start spinning the Birds! slot.
Players will earn one point for every $24 wagered on the Birds! online slot game. The leaderboard will reset each day and award the top seven players with prizes. First place wins $100, 2nd place earns $50, and the 3rd-7th ranked players walk away with $15 apiece.
New players who choose to make a deposit can also benefit from the site's 2016% in welcome bonuses, spread out at 504% over their first four deposits. That's on top of the $30 Free Registration Bonus.
More information on the Birds Slots Tournament and all other available promotions can be found at BingoBilly.
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SkillOnNet signs deal with Blueprint Gaming
Through its network of branded online casinos, popular casino software supplier SkillOnNet will soon be releasing the catalog of slots from in-demand software games developer Blueprint Gaming.
Blueprint Gaming is a leading U.K.-based game studio owned by Germany’s Gauselmann Group, which supplies first-class gaming content to online and land-based casinos around the World.
Michael Golembo, sales and marketing chief at SkillOnNet, commented, "We are delighted to be adding the exciting slots catalog of Blueprint Gaming who have a reputation second to none. The slots are really special and cater for all kinds of online slots players. Our customers will be happy to know they will soon be able to play these slots at our casinos."
Jo Purvis, Head of Online Sales and Marketing at Blueprint, commented, “At Blueprint we are dedicated to working with the best operators, so we are excited to have reached an agreement with SkillOnNet. This partnership further strengthens our reputation across Europe and allows Blueprint to feature our content on some of the best supported casino sites available.”
Blueprint's range of slots include original content games which have become firm favorites, especially in the U.K. and Germany, plus third-party branded slots with household names such as Happy Days and Top Cat.
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