ONLINE NEWS
Light & Wonder to debut 1X2 Network content in the US
3 Oaks Gaming granted UKGC licence
3 Oaks Gaming has been granted its remote operating licence from the UK Gambling Commission (UKGC).
This prestigious achievement is a monumental landmark for the company who will now be able to distribute its games to licenced operators within the United Kingdom. This milestone not only expands the company’s reach, but also solidifies its position as a provider of choice within the industry.
Operators can anticipate access to a diverse selection of the supplier’s top-performing games, such as 3 Hot Chillies, Coin Volcano, and Sun of Egypt 3 which are currently undergoing certification, ensuring compliance and seamless integration for future partners.
Securing a UK licence represents a pivotal
Light & Wonder, Inc. has entered an exclusive aggregation arrangement to debut 1X2 Network’s innovative content in the U.S., starting in Michigan. This agreement marks a significant entry for 1X2 into the vibrant U.S. market, leveraging Light & Wonder’s market-leading aggregation platform.
The latest in a string of studio deals for Light & Wonder provides further evidence of the power of its market-leading platform and distribution network in the U.S., where it delivers dynamic and immersive content to the industry’s biggest brands.
1X2 Network, renowned for its diverse range of content including slots, virtual sports, crash games and instant win titles, from its four internal studios, 1X2gaming, Iron Dog Studio, Prospect Gaming and Ad Lunam, is set to launch on the U.S. gaming scene soon. This move builds on a successful European alliance, showcasing the strength and potential of this collaboration.
Kevin Reid, CEO at 1X2 Network, said: “As we launch our games in the U.S., we’re excited to have Light & Wonder as our exclusive aggregation partner, extending our fruitful relationship and leveraging their powerful platform for widespread distribution. We are starting in Michigan, but work is already well underway in other states.” Steve Mayes, digital partnerships director at Light & Wonder, added: “1X2 Network has a history spanning 20 years of producing slick, innovative content that is very popular with players. It’s great to now be in a position to start putting its games in front of players in the U.S., who I am sure will be every bit as receptive as players have been in the European markets.”
Evolution acquires Livespins
Evolution has signed an agreement to acquire the business of Livespins, the innovative B2B social streaming game provider that enables operators to offer their players the opportunity to bet behind their favourite streamers, brand ambassadors and influencers.
The acquisition will be for a total up-front cash consideration of EUR 5 million. In addition, Evolution will pay an earn-out based on Livespins’s performance in 2026. Completion of the transaction is planned for H1 2024 and is subject to certain closing conditions. Livespins integrates into an operator’s casino lobby via API, allowing multiple players to place a bet to team up and “bet behind” the streamer for a chance to win together. If the streamer wins, the players win too, in what is an exciting shared experience.
Todd Haushalter, Evolution’s chief product officer, commented: “Playing along with a streamer is a whole new way to play online casino games. This was on our roadmap, so when the opportunity with Livespins arose, things moved quickly. Bringing together the fantastic tech, processes and know-how of the
team at Livespins with Evolution’s huge game portfolio, we will provide Livespins immediately with unparalleled distribution power via our One Stop Shop (OSS) integration. Twitch, YouTube, and other platforms have proven the popularity of live streaming while playing online casino games. We think players would love to play along with them and now that will be possible, right from the Evolution lobby.” Livespins CEO, Chris Scicluna, added: “This is an unprecedented milestone for Livespins and we couldn’t be happier to be joining the Evolution Group. Although we have content from 40-plus studios already integrated, we are still in a start-up phase, so to attract the attention of Evolution is incredible. It’s also a reflection of all the hard work that our team has poured into this concept, and the unwavering belief that the Livespins product would revolutionise the industry.”
moment in the trajectory of 3 Oaks Gaming, as the provider prepares to announce significant commercial agreements in the coming months. This strategic business development achievement is set to complement the company’s current operations, bolstered by its existing Isle of Man licence. Sebastian Damian, managing director of 3 Oaks Gaming, said: “We are thrilled to have obtained our UKGC licence, an esteemed accreditation within one of the world’s most recognised gambling markets. With this milestone achieved, we are dedicated to delivering high-quality, engaging content to UK-licenced operators. “Our focus remains on progressing our market position and achieving ambitious growth goals, all while upholding our commitment to promoting responsible gaming.”
GIO MARCH 2024 5
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