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LATVIA – OLYMPIC ACQUIRES GARKALNS LOCATIONS The Latvian subsidiary of Olympic Entertainment Group (OEG) has signed an agreement to acquire 100 per cent shareholding in Latvian casino operator SIA Garkalns and its subsidiary SIA Post-Nevada.
According to Madis Jääger, CEO of OEG: “We are in the mid- dle of a year of intense expansion – in addition to the acquisi- tion in Latvia we are working on a large project to enter the market in Malta and at the same time we are building our flagship casino and the first Hilton in the Baltics.”
The two companies to be acquired, Garkalns and its sub- sidiary Post-Nevada, have 20 slot casinos in Latvia, 10 of which are located in the country’s capital city Riga and 10 in regional cities, and have a total of 432 slots. In 2014, the companies had revenue of more than €6m, which accounted for 4 per cent of the Latvian market, and the companies employed 245 people. The nominal value of the share capital of SIA Garkalns is €1,991,553. The parties agreed not to dis- close the price of the transaction.
“We will bring the acquired casinos into compliance with the standards of Olympic Casino and with that significantly increase their success,”Mr. Jääger said, reminding that close to two years ago OEG already acquired one much smaller competitor in Latvia and that had only positive effect to the company’s results. On the completion of the transaction OEG will own 57 casinos in Latvia. The casinos will be brought into compliance with the standards of OEG within one year, after which they will be rebranded as Olympic Casino.
SLOVENIA - INTERBLOCK DOO Interblock has added another crucial piece to its global leadership strategy, naming operations expert Danilo Reher as the company’s new Director of Operations. Interblock CEO John Connelly said, “We are delighted to add Mr. Reher to our leadership team. He has an incredibly rich background in technologically driven consumer products. This, combined with his extensive back- ground with Lean Management, Kaizen Processes, mechani- cal engineering and other critical aspects, makes Danilo the perfect choice to lead our global operations team. He will help ensure Interblock continues to deliver the world’s leading lux- ury gaming products to more than 130 global jurisdictions.”
FRANCE – JOA BACK FOR MORE JOA Group has achieved the first two podium finishes in the pan-European race to get Aristocrat’s Batman Classic TV Series Slot Game live on gaming floors. Hot on the heels of the first installation at Casino JOA Les Pins on France’s Atlantic coast (page 19), attention turned to the French Riviera, with Casino JOA La Siesta in Antibes becoming the second venue to offer the new Wonder Wheels concept to its players.
JOA Group Game Manager, Laurent Jourdain (pictured) said: “The Batman franchise provides a very strong marketing proposition to attract and appeal to existing and new players alike. Our respective marketing teams at Les Pins and La Siesta have reported extremely good uptake in their first week since going live and we now look forward to a long, hot season of performance.”
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LUCKY DEAL FOR CAMMEGH IN CAIRO
Lucky Symbols from Cammegh has doubled its footprint at the Omar Khayyam Casino in Egypt due to demand Egypt - Installations
The Omar Khayyam casino at the Marriott Hotel in Cairo was one of the first casinos in the world to install Cammegh’s Lucky Symbols, a new and exciting side-bet for roulette. The system was introduced to the casino by John Grannell of Clearwater Casino Consultancy Ltd, and both he and casino director Lamberto Graglia have been extremely pleased with how it performed, to the degree the casino in June installed two more tables with Lucky Symbols: Pharaoh’s Riches.
“”We decided to buy more displays to run Lucky Symbols, in order to offer the bonus facility on more tables. This was down to the success of the first two,” said Lamberto. “The benefits to both players and the casino were clear. Our return on investment was so fast it made sense to increase the number of tables with Lucky Symbols. And customers love bonus-betting on every game, but couldn’t always play Lucky Symbols, simply because the two tables we had them on were always full!”
The initial Lucky Symbols installation happened in November 2014, and immediately players wanted to know more. In November, Lamberto
Lamberto Graglia
commented: “From the first spin, the game took off like a rocket! Many customers constantly played it, and even with big payouts like $4,000 on the 80-to-1 symbols, the winnings were being placed back on the table. This subsequently made our roulette game more interesting and exciting for everyone.”
He added there was widespread enthusiasm regarding the graphic design work undertaken by Cammegh under the guidance of Clearwater Casino Consultancy Ltd: “Owners, management and customers alike all had very positive things to say about the look of the game and the crisp, colourful images produced by the hardware.”
Regarding the ongoing success of Lucky Symbols, John Grannell remarked: “I am delighted with the outcome of this installation and see it being one of many more to come.”
Italy Betsoft Gaming, originator and leader of true 3D cinematic gaming, have announced that they have struck a deal with Italian platform provider iGamingTech. iGamingTech will be integrating Betsoft’s complete suite of iGaming entertainment, including the blockbuster Slots3 collection as well as the ToGo line of mobile games, into their clients’ sites. “iGTech is a phenomenal company that provides turnkey solutions for gaming,” said Annamaria Anastasi of Betsoft. “Their reach in the Italian market and beyond is vast, through their various clients and operators, and we have found that this is an ideal way to deliver our content to the players. iGTech are a top notch source for solutions that lead to success in this business.”
Playtech wins Norsk Tipping interactive games contract
NORWAY Playtech has won a coveted contract to supply Norway’s state-owned gaming operator with locally adapted content across more than 4,300 interac- tive gaming terminals.
Playtech was one of eight com- peting suppliers during the pro- curement process, and one of three to win the contract. In partnership with Norsk Tipping, Playtech will further develop its interactive terminal games offering and this month will begin delivery of a suite of interactive retail gaming con- tent designed specifically for the Norwegian Belago (bingo halls) and Multix (retail) envi- ronments.
The company, under Playtech subsidiary Videobet Interactive Sweden, is one of three suppli- ers selected to provide new content for all Norsk Tipping interactive gaming terminals. The duration is for an initial two-year period that includes an option for two further one year extensions.
The deal is in addition to Playtech’s current contract to provide Norsk Tipping with more than 4,300 gaming termi- nals as well as the innovative TruServ platform, the engine that powers the Norwegian retail and bingo hall markets.
Shimon Akad, COO, Playtech, said: “We have an excellent
relationship with Norsk Tipping and this news only serves to reinforce this. We’re delighted with the outcome of the pro- curement process and scoring highest among our competitors. The content agreement is in line with our regulated markets strategy and strengthens our market share in Norway along- side our existing software, sys- tems and hardware provision.”
Lene Finstad, EVP Product and Brands, Norsk Tipping, said: “We are excited to have Playtech as one of our three partners for the delivery of new interactive terminal games. In its tender the company demon- strated a deep understanding and a highly attractive games strategy for the Belago and Multix markets, and we look forward to bringing a wide range of new content to these markets to further develop.”
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