SPOILER ALERT!
Evolution Gaming Offers £1.68bn NetEnt Buyout Executives Agree
A new B2B online casino giant may soon be born with Evolution Gaming making an offer to acquire 90% of NetEnt's shares for estimated £1.68 billion. NetEnt's board of directors has recommended shareholders to accept the move.
NetEnt Feels Confident to Accept Evolution Gaming's OfferLeading live dealer supplier Evolution Gaming Group AB has extended an offer to all NetEnt shareholders to sell their shares in the company in exchange for 0.1306 Evolution Gaming shares. The move essentially means that Evolution Gaming is looking to take over Net Entertainment, the premier developer of iGaming slots, table games, and for a while now, live dealer games.
NetEnt's board of directors has recommended to the company's shareholders to accept the offer. Based on that offer, NetEnt shares are valued at SEK 79.93 and the total value for all shares is SEK 19.6 billion based on pricing as of June 23, 2020, and 33,660,000 shares of series A and additional 212,798,305 shares of series B.
Overall, this amounts to estimated £1.68 billion should all shareholders agree and accept the bid. In real terms, shareholders will be getting a premium of 0.43 cent per share if they accept Evolution Gaming's shares.
However, the proposed amount is not subject to discussion, as Evolution Gaming would not subject it to further changes and that would be the final amount under the Takeover Rules. All parties will be able to begin deliberation and acceptance on August 17, 2020 and have until October 26, 2020 to complete the move.
Should all shares be transferred, this would put Evolution Gaming in control of roughly 90% of NetEnt's present shares.
NetEnt's Board of Directors Responds to the MoveFollowing the announcement, NetEnt executives convened to asses the proposal considering the company's present financial standing and strategic goals. Executives factored prevailing market conditions and what operational challenges lied ahead if they accepted and, then again, turned down the offer.
Another particular point of evaluation of the offer had to do with the fact that the consideration offered was in Evolution Gaming shares, which required a closer look at the market. Presently, Evolution Gaming's footprint has been rapidly expanding, with the company introducing 12 new games at ICE London 2020 earlier this year.
Upon examining the proposed takeover, members of the board agreed that accepting the offer would be in NetEnt's best interest and have urged shareholders to follow through. Both Evolution Gaming and NetEnt have already conducted due diligence into each other's operations as a prerequisite for regulatory approval.
Leading the B2B iGaming SegmentThe combination of two behemoths in the iGaming sector would create a leader in the B2B online casino segment. Both NetEnt and Evolution Gaming will be able to tap into each other's vast portfolio of products and strong positions in different markets.
Another boon to the tie-up is both companies' quickly-increasing footprint in the United States, with the country slowly opening up to online gaming. There will be a better client and products diversification to help the companies cushion any shocks and adapt to changing market trends.
Not least, pooling both companies' efforts will lead to a solid technological basis, allowing NetEnt and Evolution Gaming to offer a better end-user experience.
online baccarat
NetEnt Feels Confident to Accept Evolution Gaming's OfferLeading live dealer supplier Evolution Gaming Group AB has extended an offer to all NetEnt shareholders to sell their shares in the company in exchange for 0.1306 Evolution Gaming shares. The move essentially means that Evolution Gaming is looking to take over Net Entertainment, the premier developer of iGaming slots, table games, and for a while now, live dealer games.
NetEnt's board of directors has recommended to the company's shareholders to accept the offer. Based on that offer, NetEnt shares are valued at SEK 79.93 and the total value for all shares is SEK 19.6 billion based on pricing as of June 23, 2020, and 33,660,000 shares of series A and additional 212,798,305 shares of series B.
Overall, this amounts to estimated £1.68 billion should all shareholders agree and accept the bid. In real terms, shareholders will be getting a premium of 0.43 cent per share if they accept Evolution Gaming's shares.
However, the proposed amount is not subject to discussion, as Evolution Gaming would not subject it to further changes and that would be the final amount under the Takeover Rules. All parties will be able to begin deliberation and acceptance on August 17, 2020 and have until October 26, 2020 to complete the move.
Should all shares be transferred, this would put Evolution Gaming in control of roughly 90% of NetEnt's present shares.
NetEnt's Board of Directors Responds to the MoveFollowing the announcement, NetEnt executives convened to asses the proposal considering the company's present financial standing and strategic goals. Executives factored prevailing market conditions and what operational challenges lied ahead if they accepted and, then again, turned down the offer.
Another particular point of evaluation of the offer had to do with the fact that the consideration offered was in Evolution Gaming shares, which required a closer look at the market. Presently, Evolution Gaming's footprint has been rapidly expanding, with the company introducing 12 new games at ICE London 2020 earlier this year.
Upon examining the proposed takeover, members of the board agreed that accepting the offer would be in NetEnt's best interest and have urged shareholders to follow through. Both Evolution Gaming and NetEnt have already conducted due diligence into each other's operations as a prerequisite for regulatory approval.
Leading the B2B iGaming SegmentThe combination of two behemoths in the iGaming sector would create a leader in the B2B online casino segment. Both NetEnt and Evolution Gaming will be able to tap into each other's vast portfolio of products and strong positions in different markets.
Another boon to the tie-up is both companies' quickly-increasing footprint in the United States, with the country slowly opening up to online gaming. There will be a better client and products diversification to help the companies cushion any shocks and adapt to changing market trends.
Not least, pooling both companies' efforts will lead to a solid technological basis, allowing NetEnt and Evolution Gaming to offer a better end-user experience.
online baccarat
Red Tiger Content Available on 888 Casino in Spain
Exciting news following two major deals in Spain. Casino developer Red Tiger extended its partnership with 888 Casino and now more titles are available to Spanish players. casino online R. Franco digital teamed up with Dafabet for its Spanish debut.
Extended Deal Between Red Tiger and 888 Casino Brings New Titles to Spanish PlayersCasino software developer Red Tiger now offers new content via 888 Casino in Spain. After striking a deal-extension today, June 8, a new range of hit game titles by Red Tiger are already live on 888 casino's platform. Those games are: Mystery Reels, Dragon's Fire MegaWaysTM and Pirates' Plenty – Battle for Gold. According to Red Tiger's announcement of the deal, more titles will also be added in the near future. Under the most recent agreement, players of 888 Casino will also receive access to the famous Daily Jackpots by Red Tiger.
The original deal between 888 Casino and Red Tiger was struck back in April 2019. As per the latest deal, both 888 Casino and Red Tiger are strengthening their footprint in Spain.
Management of Red Tiger and 888 Casino Comment on the Compelling AnnouncementRed Tiger commercial director, Chris Looney commented on the news: “We're thrilled to launch with 888casino.es, a hugely popular online casino with an impressive track-record and extensive player reach." He further noted: “Spain is a dynamic territory with exciting commercial prospects, and this move continues our ambition of being the leading supplier in every regulated market."
Head of business-to-customer (B2C) at 888, Guy Cohen also had to say: “At 888 Casino, we are focused on offering our customers a wide portfolio of games to ensure we are giving the best, most entertaining experience." Cohen continued by saying that the company is delighted to have a partner such as Red Tiger. In conclusion he expressed excitement about the new titles which will reach the Spanish audience.
R.Franco Digital Teamed up With DafabetElsewhere in Spain, another high-end deal took place today. R. Franco Group announced a partnership with Dafabet. The Philippine-based Dafabet is entering the Spanish market and R. Franco digital will be the platform provider.
Dafabet's sportsbook product has been integrated with R. Franco's IRIS solution. The IRIS system will ensure proper configuration of Dafabet's content on the Spanish market. With the help of the architecture system, games, configurations, payments and other goods will be united under a single platform. Keeping in mind the recent deal and the DGOJ B2C license which Dafabet acquired back in December, it is now clear that the company is making a big entry into the Spanish market.
Dafabet is actually a brand owned by AsianLogic. CEO Dimitris Karatzas commented on the agreement by saying: “… we welcome this agreement enthusiastically." Of course, R. Franco Digital also shared his thoughts on the deal. The company's director Javier Sacristan Franco said that the R. Franco is: “…thrilled to partner with the company for its Spanish debut.“
Extended Deal Between Red Tiger and 888 Casino Brings New Titles to Spanish PlayersCasino software developer Red Tiger now offers new content via 888 Casino in Spain. After striking a deal-extension today, June 8, a new range of hit game titles by Red Tiger are already live on 888 casino's platform. Those games are: Mystery Reels, Dragon's Fire MegaWaysTM and Pirates' Plenty – Battle for Gold. According to Red Tiger's announcement of the deal, more titles will also be added in the near future. Under the most recent agreement, players of 888 Casino will also receive access to the famous Daily Jackpots by Red Tiger.
The original deal between 888 Casino and Red Tiger was struck back in April 2019. As per the latest deal, both 888 Casino and Red Tiger are strengthening their footprint in Spain.
Management of Red Tiger and 888 Casino Comment on the Compelling AnnouncementRed Tiger commercial director, Chris Looney commented on the news: “We're thrilled to launch with 888casino.es, a hugely popular online casino with an impressive track-record and extensive player reach." He further noted: “Spain is a dynamic territory with exciting commercial prospects, and this move continues our ambition of being the leading supplier in every regulated market."
Head of business-to-customer (B2C) at 888, Guy Cohen also had to say: “At 888 Casino, we are focused on offering our customers a wide portfolio of games to ensure we are giving the best, most entertaining experience." Cohen continued by saying that the company is delighted to have a partner such as Red Tiger. In conclusion he expressed excitement about the new titles which will reach the Spanish audience.
R.Franco Digital Teamed up With DafabetElsewhere in Spain, another high-end deal took place today. R. Franco Group announced a partnership with Dafabet. The Philippine-based Dafabet is entering the Spanish market and R. Franco digital will be the platform provider.
Dafabet's sportsbook product has been integrated with R. Franco's IRIS solution. The IRIS system will ensure proper configuration of Dafabet's content on the Spanish market. With the help of the architecture system, games, configurations, payments and other goods will be united under a single platform. Keeping in mind the recent deal and the DGOJ B2C license which Dafabet acquired back in December, it is now clear that the company is making a big entry into the Spanish market.
Dafabet is actually a brand owned by AsianLogic. CEO Dimitris Karatzas commented on the agreement by saying: “… we welcome this agreement enthusiastically." Of course, R. Franco Digital also shared his thoughts on the deal. The company's director Javier Sacristan Franco said that the R. Franco is: “…thrilled to partner with the company for its Spanish debut.“
