Purchase US-focused online casino content makers’ games Bragg Gaming Group
Rano, a Nevada based technology and an iGaming content supplier, Spin Games gambling Singapore, will be acquired by Gambling Technology Company Bragg Gaming Group in a deal to enhance its American footprint and allow it to grow in that beneficial environment. Under the terms of the tie-up deal, Bragg will buy Spin Games in cash and shares for a cumulative buying price of $30 million.
The deal will give the spin games sellers 10 million dollars in cash and 20 million dollars in Bragg shares, of which $5 million in common shares will be issued at the closure of the transaction and the balance in three years to come.
The tie-up is approved by the gambling authorities in Nevada and other customary closing terms and is anticipated to be concluded during the fourth quarter of the year. Spin Games specialises in developing proprietary, in-house casino games in North America and India. The company also administrates the proprietary ROC remote gaming and is authorised to distribute iGaming titles from the highest standard.
US Expansion Opportunities
The deal will provide Bragg and its online casino content supplier ORYX Gaming with several US growth opportunities. The group will obtain access to its partnership with the above-mentioned US online gaming providers through the acquisition of Spin Games. Bragg has stated that it aims to strengthen these partnerships, while still continuing to produce US-focused games and the iGaming items related to ORYX digital casino content, which is currently available on several European markets.
Spin Games and the combined ORYX product line were designed to bring the expanded audience to full turnkey iGaming, to enhance the fast-growing US gaming industry, sports betting and player participation solutions.
Bragg said that the initial plans for the strategic integrations between Spin Games and ORYX have started Casino Singapore 3win333, and these integrations would benefit from the infrastructure and local industry expertise, and US operator partnerships of ORYX’s advanced Player Engagement Platform.
In addition, Spin Games’ internal game development centre in Chennai, India, says the deal would deepen its global development capabilities. The founder and CEO of Spin Games, Kent Young, with over thirty years’ of experience in the field of gaming, soon joined Bragg as Chairman of the Company – America. Mr. Young will play a vital role in the US business expansion policy of the expanded organisation.
Unique in several different directions
ORYX Gaming’s latest Realtime Tournament and Leaderboard product allows gamblers, including the type of game, the number of players to compete, money and langue, to establish all tournament criteria. The tournament will start and run within a couple of minutes once all this has been established.
ORYX Gaming says that the technologies of real-time tournaments & leaders make the active and dynamic use of the commodity as a “strong marketing tool,” which lets operators keep players amused, motivated and committed during their slots games. Realtime tournaments and leadership boards are scheduled to go live in the coming weeks, including a number of major brand names.