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Baltic-facing online casino operator Enlabs AB has announced the filing of an official tender that would see it hand over approximately . 82 million in cash and stocks so as to fully acquire fellow Swedish iGaming firm Global Gaming 555 AB. Online Casino Online Casino The Stockholm-headquartered enterprise used an official Monday press release (pdf) to detail that the mandatory public offer was required after it spent roughly 1,890 late last month in order to buy a further 27. 2% stake in the operator behind the Ninja Casino online casino brand. Online Casino Online Casino The also firm explained that this transaction took its total interest in the Malmo-based rival to slightly beyond 54% although it has since bought an additional tranche to take its aggregate shareholding up to 66. 7%. Online Casino

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Investor interest:Enlabs AB is responsible for the Optibet-branded family of iGaming domains especially popular with players in the small nations in Lithuania, Estonia and Latvia and stated that its proposal values the entirety of the business run by Global Gaming 555 AB at approximately . 48 million. It furthermore pronounced that the tender will allow its target’s shareholders to swap their individual stakes for ‘a cash consideration’ as well asirish slots free spins 0. Online Casino Online Casino 36 of its own shares or ‘a combination corresponding to 50% as a cash consideration and 50% as a share consideration. Online Casino ’Advantageous amalgamation:Moreover the holder of a majority stake in Maltese online casino operator Shogun Group, Enlabs AB described Global Gaming 555 AB as ‘a challenger in the iGaming industry’ that has been ‘delivering innovative and safe gaming services’ in jurisdictions including Finland and Estonia. The enterprise additionally declared that the successful completion of the transaction will allow it to take advantage of ‘economies of scale and cost savings’ reaching as high as .

8 million a year by merging the pair’s operations, know-how and staff. Read a statement from Enlabs AB…“The new group is estimated by Enlabs AB to have the capacity to take on larger projects with higher quality in the future. Ignition Poker Withdrawal Rupx Larger and more challenging projects also create possibilities for employees to develop in an organization that can continue to attract talented employees. Enlabs AB supports the current overall strategy and focus of Global Gaming 555 AB’s operations and places great value in the work that its management and employees conduct, which is important for the continued successful development of the business. Online Casino ” In a deal that further expands its European footprint, leading game developer Playson has partnered with up-and-coming casino platform provider, The Mill Adventure. Online Casino Online Casino The agreement enables the fellow Malta-based firish slots free spinsirm’s partners to offer their players popular titles such as Book of Gold: Multichance, Buffalo Power: Hold and Win, and Rise of Egypt Deluxe.

Enhanced offering:Also included in the deal, Playson’s renown range of promotional mechanics, such as regular Network Tournaments, which features in-game leaderboard, easy set up, support of multiple games, and network capability across several operators; Feature Trigger, offering flexible set-up, is easy to configure, good for reactivating players and retention, and control of marketing costs; and Extra Spins. Online Casino Caesars Slots Casino Gratis En Facebook Each of these features, along with others, have been developed to meet the needs of partners for increasing engagement and enhancing the player experience. Video Slot 5000 The company’s range of promotional tools has demonstrated successful player acquisition, conversion and retention. Online Casino Growing European presence:Commenting on the collaboration, Head of Casino for The Mill Adventure, Bj?rnar Heggernes, said…“Playson is one of our industry’s most exciting developers, so we are thrilled to welcome them on board. “We are committed to enhancing the gaming experience for all our partners and collaborating with premium quality studios such as Playson helps us to continue doing exactly that. Online Casino ”The recently inked deal will see Playson’s popular product offering span the G?ira-headquartered firm’s gaming platform’s network in Germany, Sweden, and Finland, as well as other markets, further increasing the European presence of theirish slots free spins games studio.

Rapid deployment:For its part, Playson Sales Director Blanka Homor, said in a company press release…“We are delighted to go live with The Mill Adventure, a company with a comprehensive iGaming platform that will allow our titles to be deployed rapidly across a range of key markets. “With additional exciting product releases on our agenda, the coming weeks are set to be an