With the impending Chapter 11 bankruptcy filing in January, Caesars has merged Caesars Entertainment and Ceasars Acquisition in order to ease their debt load. The move will free up $1.7 Billion in cash and provide a more corporate structure in order to reduce leverage.
British bookmaker, Ladbrokes, has launched NextGen slot games via NYX’s OGS platform. NextGen is the Australian production studio for NYX. Ladbrokes will have access to NextGen titles as well as NYX’s 3rd party slot game developer’s content. Slot games that have now gone live at Ladbrokes include the likes of Foxin’ Wins, 300 Shields, and Medusa II. Judge Dredd will go live at Ladbrokes soon.
SkillOnNet, the software developer behind such leading casino operators as Slots Magic and EUCasino, have joined forces with the leading Live Dealer content provider, Evolution Gaming, to provide a comprehensive product suite. SkillOnNet is confident in the success of Live Dealer games and feels this is an extremely valuable partnership.
Vera & John Casino spread the holiday cheer by offering up daily offers every day in their Christmas Calendar promotion. Players will also be able to take part in the festive fun by participating in the month’s €25,000 Cash Coin Race.
CVC Capital Partners buys 80% of Sky’s online gaming business in a deal which values Sky Bet at £800m.
Under the terms of the agreement, Sky is set to receive £600m on completion of the deal, and further deferred and contingent payments of up to £120m, while Sky will retain an equity stake of 20% in Sky Bet.
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Everytime we see new online slot game press releases, we come to find that Quickspin has signed a new partnership agreement with an online gaming giant. Having already secured deals with the likes of The Rational Group, William Hill, Bet365, and Unibet, they have now teamed up with Vera & John Casino and Paddy Power Group to supply their popular slot games such as King Colossus and Treasure Island.
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Following the recent acquisition of the Ongame Poker Network from Amaya Gaming Group Inc, NYX Gaming have decided to launch an IPO in Canada on the Toronto TXS Venture Exchange. This is a significant move for the company after securing a top of the line poker product to with an existing player base in regulated markets across the globe. Amaya has further invested in NYX with a $10 Million unsecured convertible debenture.
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Microgaming’s exclusive deal with Rabcat to supply their games to their global network of operators is an exciting one. Free Slot Money did a review on their Castle Builder slot and we were impressed with the innovative design of the game. They made it into an interactive video game/online slot which was very exciting and entertaining and kept the slot player wanting more. We’re pleased to hear that with this new deal, Rabcat has the backing of such a powerhouse to facilitate their games to be released to operators as quickly as possible.
