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Net Entertainment presenteert nieuwe video slot

Deze week, Net Entertainment introduceerde haar nieuwe titel genaamd “Evolution”, een video slot dat niet alleen beschikt over uitstekende graphics, maar ook over een aantal innovatieve functies.

Het spel wordt gespeeld op vijf rollen en 25 winlijnen,…

Microgaming Prepares October Gaming Novelties

Three new games will be released by online games developer Microgaming in October, all three being video slots with different themes and numerous features.

The first two that will go live on Microgaming’s Flash and Viper platforms are “Twisted Circus…

New Acquisition for Amaya Gaming – Cadillac Jack

An announcement was made this week by Amaya Gaming Group that it has entered an “arm’s length definitive agreement” to acquire Cadillac Jack, Inc, a developer and supplier of video reel slots, wide area and multi-level progressives and Latin style bingo games, for which it will pay around US$167 million for all 100 percent of the equity and clearance of its debt.

The payout will be realized through three separate cash payments, it was specified in the company, which added that the first will be made upon closing of the Acquisition which will total approximately US$147.0 million, while two additional payments of US$10.0 million each will be made on the first and second anniversaries of the closing of the acquisition.

Amaya stated that the financing will be made through a combination of cash-on-hand and a new US$70.0 million to US$100.0 million non-convertible senior secured term loan.

According to Amaya CEO David Baazov, “The acquisition of Cadillac Jack is a pivotal event for Amaya. We expect that the combined companies will leverage their distribution for game content in the key areas of online, mobile and land based casinos. The Acquisition creates immediate scale for Amaya’s operations and greatly enhances growth opportunities for both companies.

“I want to thank Gene Chayevsky, who has held leadership roles at Cadillac Jack since 2004 and been its chief executive officer since 2008, for his stewardship in establishing one of our industry’s emerging leaders. The foundation for growth that Gene established at Cadillac Jack made it an ideal complement to Amaya’s business.”

On the other side, Gene Chayevsky, chairman, chief executive officer, and controlling shareholder of Cadillac Jack said: “I’m proud of our team and our accomplishments over the past several years, which established Cadillac Jack as one of Georgia’s and the gaming industry’s leading growth companies.”

It has been stated that Chayevsky will be leaving the company but help out in the transitional period prior to closing, while Baazov will take over the position of chairman of the board and chief executive officer.

The Acquisition closing date is reportedly in the fourth quarter of 2012.

Bally Technologies in Another Land-Based Deal

Based on a deal closed with Bally Technologies, Mount Pocono, Pennsylvania terrestrial casino Mount Airy Casino Resort will soon be able to provide its customers with Apple and Android mobile applications developed by Bally&s Interactive division.

Via…

New Online Gaming Division Chief for GigaMedia

A co-founder of United Arab Emirates-based Tahadi Games, Steve Tsao, has become president and COO of GigaMedia Limited&s online gaming business FunTown.

Before Tahadi Games, Tsao also co-founded IP E-Games in the Philippines, leading the company as a …

Net Entertainment Presents New Video Slot

This week, Net Entertainment introduced its brand new title dubbed “Evolution”, a video slot which not only boasts excellent graphics but also some innovative features.

The game is played on five reels and 25 paylines, and it has a theme that presents…

Vermont Explores Online Gambling Potentials?

It appears that yet another US state official has been attracted by the possibilities opened by the Department of Justice’s December policy switch on the Wire Act – it&s Governor Peter Shumlin of Vermont who decided to look into the opportunities offe…

Anti-Online Gambling Actions Continue in Malaysia

An announcement came from the authorities in the Malaysian district of Kota Setar in Kedah that they have boosted their anti-online gambling drive, seizing 4 194 computers that were installed with gambling software between January and August of this ye…

Passoker Founder Launches New Games Division and New Titles

Stuart Carr, the founder of Passoker announced the launch of his new project this week – a fixed odds and online slot gaming division named Reel Sports and its first two games: a licensed FA Cup archive game titled “Reel Football” and a roulette game d…

French and Spanish Regulators Ink Agreement

This week French gambling authority ARJEL announced that it is to enter a cooperation agreement with the Spanish Dirección General de Ordenación del Juego (DGOJ).

The aim of the two regulators& cooperation is to exchange information and …

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