News October 2024
Legislation Potential for Malaysia ban
Resorts World Genting, the only casino in Malaysia and the flagship venue of Genting Cainos, is facing the threat of closure if Malaysia’s Islamic political party Parti Islam Se- Malaysia is elected in the next national election to be held in early 2028. Parti Islam Se- Malaysia’s (PAS) Deputy Commissioner for Pahang, Andansura Rabu, made the promise to ban gambling at the party’s annual event over the weekend. Quoted by Bloomberg, Mr Rabu said: “Gambling is harmful, so we have to close it.”
Evolution Supplier News
Evolution has signed an agreement to acquire Arcadia Gaming Solutions. Arcadia’s innovative proprietary technology enables players to engage real-time with a physical arcade machine virtually through their desktop or mobile devices, offering a unique and engaging online experience. Te acquisition includes an up-front cash
consideration of €2.5m. In addition, Evolution will pay an earn-out based on Arcadia games’ performance in 2027. Completion of the transaction is planned for H2 2024 and is subject to certain closing conditions. Last month, Evolution also announced the
launch of Crazy Time Italia, the first native- speaking version of the biggest live casino table in the world. Streaming live from Evolution’s studio in Malta, Crazy Time Italia is presented by native-speaking Italian game hosts and is available for Italian operators.
Interblock acquires Zuum M&A
Interblock has acquired a majority share in Zuum, a manufacturer of Class II and Class III electronic table games (ETGs), slots, and bingo products. Te strategic acquisition will enable Interblock to deliver a broader range of innovative and cost-effective gaming solutions to its customers while driving significant growth in key markets. “Tis acquisition will provide Interblock the
ability to penetrate an entirely new segment of the casino industry,” said John Connelly, CEO
22
Operator News Atlantic City rebounds
Atlantic City’s nine casinos have finally generated an improvement with August GGR reaching $294m from their gaming floors, marking a 4.9 per cent year-on-year increase, equating to $13.7m more, and making it the best August in over a decade. Te New Jersey Division of Gaming Enforcement (DGE) confirmed that physical slot machines were up 5.3 per cent to reach $221.6m with table gaming up 3.8 per cent to $72.4m. Resorts was the only faller of the operators in the land-based sector by nearly nine per cent.
Supplier News DRGT appoints CEO
DR Gaming Technology (DRGT) has announced the appointment of Marco Herrera to the role of Chief Executive Officer. In a move driven by the broader Infiniti Groups significant expansion into the casino operations space, co- founder and former Group CEO, Jurgen De Munck will take on the role of Group Executive Chairman with a core focus on the company’s Infiniti Casino Group, whereas Herrera’s focus will be on strategically driving the Group’s systems, distribution, and jackpot business: DRGT.
Flutter purchases Snaitech for €2.3bn M&A
Flutter Entertainment has agreed to acquire Snaitech, one of Italy’s leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3bn. Te acquisition is expected to close by Q2 2025. On completion, Flutter will assume a 30 per cent online share when combined with its existing Italian business which includes Sisal. Peter Jackson, CEO, said: “I am delighted to announce
the acquisition of Snai, one of the leading players in Italy, Europe’s largest regulated market. Tis transaction is compelling strategically and financially. It fits perfectly within our strategy for value creating M&A and creates a significant opportunity to accelerate Snai’s growth by providing them with access to Flutter’s market leading products and capabilities both in the US and globally." Snai is the number three online operator in the Italian
market with a 9.9 per cent share in 2023 and 291,000 average monthly players. Online revenue and Adjusted EBITDA have grown at a compound rate of 26 per cent and 32 per cent respectively, in the four fiscal years to 2023. Tis is supported by a strong retail presence with over 2,000 sites driving a number two retail share position in both betting of 19 per cent and gaming of 14 per cent. Snai generated 100 per cent regulated revenue of €947m after the deduction of gaming duties.
of Interblock. “With Zuum’s innovative, cost- effective product lineup, we’re now able to offer a more diverse range of gaming solutions to meet the needs of casinos in both high yielding and evolving markets.” With the acquisition of Zuum, Interblock is
expanding its portfolio to offer affordable, high-quality ETG solutions that cater to price- sensitive markets, allowing operators to maximise returns without sacrificing quality. Interblock is owned by funds managed by Oaktree Capital Management. Both companies create new synergies, enhancing collaboration on a business and personal levels.
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