Industry News
Interblock Announces Strategic Acquisition by Oaktree
Interblock d.d., the leading developer and supplier of luxury fully and semi-automated electronic table games (ETG) globally, announced that it has been acquired by funds managed by Oaktree Capital Management L.P. (Oaktree).
The Company is well known worldwide for its multi-player gaming devices that continually set industry standards and provide the ultimate in luxury interactive entertainment experiences for players. Oaktree has a long history of successful investments in gaming and leisure companies, including J&J Ventures and Cannery Casino Resorts.
“We have delivered robust growth over the past six years, which can be attributed to the company’s dedicated team of ETG specialists, best in class product portfolio, data driven decision making and our continued focus on innovation. There is significant momentum within the Electronic Table Game sector, making it the right time to partner with one of the largest private equity firms in the world – Oaktree. Such progress would not have been possible without the leadership and innovative eye of our outgoing Chairman, Joc Pečečnik, who has contributed significantly to both Interblock’s development and the gaming industry overall. Moving forward, we are excited about our partnership with Oaktree and the ability to further accelerate our momentum, concentrating on both organic growth and potential acquisitions,” John Connelly, Global Chief Executive Officer of Interblock, said.
With its luxury product offerings, Interblock is the number-one supplier of electronic games in North America, Latin America, EMEA and APAC and will continue to innovate with new software and products for the benefit of our customers and players around the globe.
“We look forward to being a part of this exciting new chapter for Interblock, which boasts significant market leadership in an incredibly fast-growing industry, an attractive financial profile and durable customer relationships. We will work closely with John and the Company’s world-class leadership team to advance the growth plan and achieve their long-term vision for the business,” David Quick, Managing Director in Oaktree’s Special Situations Group and Board Member of Interblock, said.
Amusnet has released Showtime Roulette 500x, where entertainment meets innovation. This fast-paced European roulette reinvents the classics, featuring a host who presents, entertains and spins the wheel for a seamless, engaging experience. With every spin, a random multiplier can increase the payouts by 50x, 100x, 150x, 200x, 250x and 500x for a thrilling experience. Showtime Roulette 500x offers a fantastic gaming experience that is sure to entertain and captivate players.
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The post Amusnet Releases Showtime Roulette 500x appeared first on European Gaming Industry News.
Industry News
GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office
Groupe Partouche has acquired a building, strategically located at Place de l’Etoile in Paris, at 10 avenue de la Grande Armée.
With a surface area of over 8000 m² spread over seven levels, this building will undergo development work to accommodate its Parisian gaming club currently located on rue de Berri.
This building will also house the headquarters of Groupe Partouche.
The post GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office appeared first on European Gaming Industry News.
The International Gaming Standards Association (IGSA) will exhibit at ICE Barcelona at stand 3M33. Additionally, IGSA President Mark Pace will speak Tuesday, January 21 on the panel, Responsible Gaming in Land-based Gambling: Is it Falling Behind Online Innovations? Pace will share his thoughts on current technologies being used for responsible gaming in online gaming and how they can be applied to land-based gaming.
“IGSA continues to engage with the gaming community and ICE Barcelona is one of the best gaming shows to do so at. We encourage the community to partner with us. IGSA will be at the ICE show on stand 3M33, and we invite our members and the public to stop by for an overview of our new membership levels, designed for maximum participation by the industry. For more information on the event, we invite the public to visit the ICE website for full details,” said Pace.
The post IGSA to Exhibit at ICE Barcelona appeared first on European Gaming Industry News.
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