Playtech Snaps Up Quickspin

This week’s main gambling news story is that Playtech Snaps up Quickspin but there’s other slots news and a massive jackpot winner with that old progressive favourite – Mega Moolah.

Playtech Snaps Up Quickspin

Playtech has brokered a deal worth up to €50 million to acquire Swedish games studio Quickspin.  The company will pay a maximum of six times Quickspin’s EBITDA in 2018, subject to a cap of €50 million.

Playtech LogoPlaytech snaps up Quickspin with an initial payment of €24 million for 100% of Quickspin’s shares on a cash-free/debt-free basis and will pay the remaining amount of €26 on an earn-out basis that will be based on Quickispin’s EBITDA earnings in 2017 and 2018.

Quickspin’s founders, Daniel Lindberg, Mats Westerlund and Joachim Timmermans will remain at the company for a minimum period of three years from completion.

According to Mor Weizer, the Chief Executive of Playtech, Playtech Snaps up Quickspin due to it being a fast-growing and leading supplier of the highest quality games to the highest quality operators, strengthening Playtech’s position as the leading platform and content provider in the industry. He added that they are eagerly looking forward to working with the Quickspin team and see the brand continue to flourish with the Playtech family.

Betclic Everest to Re-enter Belgian Market

Betclic Everest will soon re-enter the market in Belgium following four years of being excluded under the country’s online gambling licensing laws after the Belgian Gambling Commission awarded the group licensing for online sports and casino slot betting on a Belgian website.

After operating in a grey-market fashion the company pulled out of Belgium a few years ago because of changing laws in the country.

Due to the fact that digital enterprises are required to have a land-based presence in terms of Belgian online betting laws, the Betclic brand has partnered with Pres Carats Sports SA, a Belgian land-based arcade operator.

It is hoped that the Malta licensed operator will re-commence its services in Belgium within the next couple of months.

Double Down Casino Launches Ellen DeGeneres Slot
International Game Technology’s Double Down Casino social gaming application has been enhanced with the release of “The Ellen DeGeneres Have a Little Fun” slot.

The new 75 pay line social game is based on American TV host and comedian Ellen DeGeneres whose show has received 55 Daytime Emmy Awards and is now in its 13th season.

Joe Sigrist, the Senior Vice President and General Manager at Double Down, commented on the release of “The Ellen DeGeneres Show Have a Little Fun” slot by saying that the game is giving millions of “Ellen” fans a new way to engage with her anytime and anywhere.  He added that the game offers players the next best thing to having Ellen dancing right by their side with its funny voice overs and original clips from her show.

Huge Win on Mega Moolah Progressive Jackpot Slot
A lucky slot player at Royal Panda Casino recently hit a major jackpot at the online casino wagering on one of Microgaming’s popular progressive jackpot slots, the five reel and 25 line four-tier Mega Moolah.

mega moolahSixty-seven year old Anna, who hails from Slovakia, won a massive amount of $41,869 after placing a small bet of $1.25 on the slot and randomly triggering the Mega Moolah jackpot wheel on the game while spinning the reels and winning the Major Jackpot.

The slot game has a minimum coin size of 0.01 while the maximum is set at 0.5 with the maximum bet being 125 coins.

The Mega Jackpot on the Mega Moolah progressive slot game currently stands at $7,800 and is just waiting to be won by a lucky punter.

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