Latest News
Relax Gaming lands SmartSoft Gaming as latest Powered By partner
Relax Gaming, the igaming aggregator and supplier of unique content, has agreed a Powered By Relax partnership with innovative games developer SmartSoft Gaming.
Founded in Georgia in 2015, SmartSoft has quickly grown its reputation as a unique iGaming software studio by creating highly popular, innovative games for players, as well as providing top-quality promo tools, to attract players and increase their engagement.
Released in 2018, JetX was SmartSoft’s first foray into non-traditional game development and remains at the forefront of taking the category into the mainstream for casino operators.
The developer’s offering includes a rich variety of other dynamic games and slots, as well as virtual casino content, all of which are equipped with eye-catching designs and engaging gamification elements.
The latest games studio to benefit from Relax Gaming’s unrivalled speed-to-market and technical excellence also acts as a certified software provider to licensed operators in Malta, Romania, Colombia, Italy, Croatia, Sweden and Netherlands
Shelley Hannah, Director of Casino Products at Relax Gaming, said: “With a strong reputation as a supplier of unique content, we’re delighted to add SmartSoft as the latest Powered By Relax partner. The company will help elevate our game portfolio, especially with the flagship game JetX which has proved to be a massive hit amongst players.
“The deal rounds up a fantastic year for our Powered By Relax program, which saw us draw up deals with numerous exciting new partners. Through a simple integration and reaching a larger captive audience, we’re able to provide high-quality games to players worldwide.”
Guram Gotsadze, CEO of Smartsoft, added: “We’re excited to announce our partnership with Relax Gaming, one of the leading players in the iGaming industry. This deal is a great opportunity to bring our exciting content to players all over the world, and we are looking forward to a fruitful cooperation.”
Established as one of the industry’s leading B2B suppliers for 2022, Relax Gaming was recently named the Best Mobile Gaming Software Provider at the EGR B2B Awards, Casino / Slot Developer of the Year at the SBC Awards, and Best Game Provider at the AskGamblers Awards.
In total, Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
Latest News
REEVO Partners with Swish Games
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REEVO has entered into a partnership with Swish Games, a fast-growing casino content developer powered by Jogo Global. This latest integration brings an exciting new category of Fast Games to REEVO’s operator partners, delivering highly engaging, multiplayer-driven experiences designed for today’s dynamic gaming market.
With this integration, REEVO’s partners can now access Swish Games’ thrilling portfolio, featuring real-time, multiplayer crash games, dynamic betting mechanics and immersive graphics. The Fast Games category introduces an innovative vertical packed with social and community-driven features, offering players unpredictable, adrenaline-pumping action. Popular formats such as Crash, Spin, Mines and Pick bring fresh engagement opportunities, elevating the casino experience.
This partnership reinforces REEVO’s commitment to offering diverse, high-performing content to its operator network. The addition of Swish Games’ premium titles strengthens REEVO’s aggregation platform, providing partners with an expanded arsenal of games that cater to evolving player preferences.
David Marcus, CEO at Jogo Global and Swish Games, said: “The Fast Games category continues to grow rapidly across all gaming markets, and having the opportunity to develop new titles around our exclusive IP is truly exciting. REEVO’s global reach and dedication to customization align perfectly with our mission to deliver engaging and dynamic gameplay experiences. This partnership allows us to introduce our innovative content to a wider audience and provide operators with fresh, high-quality games that stand out in a competitive market.”
Daniel Cuc, Head of Account Management at REEVO, said: “At REEVO, we are constantly searching for content that not only stands out but also pushes the boundaries of gaming innovation. Swish Games delivers exactly that with its adrenaline-filled Fast Games portfolio, featuring world-class IP and engaging mechanics. This partnership brings our operators an exciting new category of games that are proven to drive engagement and retention. We look forward to seeing these titles thrill players across global markets.”
The post REEVO Partners with Swish Games appeared first on European Gaming Industry News.
eSports
Four Countries Shortlisted to Host GOTF 2027
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Phygital International (PI), the exclusive rights holders and custodians of The Games of the Future (GOTF), announced that Brazil, Serbia, South Africa, and Uzbekistan are the shortlisted applicants to host GOTF 2027. The Games of the Future is the world’s leading phygital sports tournament, bringing together sports and esports athletes from around the world.
With the UAE set to host GOTF 2025 and Kazakhstan in 2026, the competition for the 2027 edition has drawn significant interest from nations eager to position themselves as leaders in the world of phygital sports.
Nis Hatt, CEO of Phygital International, said: “We received bids from right around the world which highlights the growing awareness and passion for phygital sports globally. We would like to thank all the nations who bid to host The Games of the Future 2027 and are pleased to announce that Brazil, Serbia, South Africa, and Uzbekistan have been selected as the nations shortlisted as potential hosts.”
Following further evaluations and detailed assessments of each finalist’s proposal, the final decision on the host country for GOTF 2027 will be announced in the summer of 2025.
The post Four Countries Shortlisted to Host GOTF 2027 appeared first on European Gaming Industry News.
Latest News
International Game Technology PLC Reports Fourth Quarter and Full Year 2024 Results
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International Game Technology PLC reported financial results for the fourth quarter and full year ended December 31, 2024.
“2024 was a year of momentous transformation with the conclusion of our strategic review and the announced sale of our Gaming & Digital business for $4.05 billion in cash. Our unmatched capabilities in developing world-class Lottery solutions and innovative game content support several important investments to drive long-term growth and shareholder returns. We are well-positioned to continue strengthening our global lottery leadership,” Vince Sadusky, CEO of IGT, said.
“We delivered solid financial results in 2024, including robust cash flow generation to invest in the business, reduce debt, and return capital to shareholders. Our core, recurring business has a compelling low-to-mid single digit growth profile and provides a solid foundation as we head into our next CapEx cycle aimed at securing our portfolio and extending its duration to more than eight years,” Max Chiara, CFO of IGT, said.
Fourth Quarter 2024 Financial Highlights
Revenue of $651 million, down 4% compared to $681 million in the prior-year period, mainly due to comparisons with record product sales revenue in the prior year; current year period represents the second highest quarter for product sales revenue in Company history
• Strong instant ticket and draw game same-store sales growth across jurisdictions; Italy up 7.0%, 3.9% normalized for same number of selling days
• Elevated U.S. Multi-state Jackpot activity in the prior year inclusive of LMA incentive impact (which is recognized in Other service revenue)
• Higher central system software license, terminal, and instant ticket services in the prior year
• Negative impact of foreign currency rates
Operating income of $179 million compared to $197 million in the prior year, primarily driven by the items affecting Adjusted EBITDA as noted below, partially offset by lower restructuring costs
Income from continuing operations of $116 million versus $73 million in the prior-year period; income from continuing operations margin of 17.9% compared to 10.7% in the prior year
• Improvement in net interest expense primarily due to lower average borrowings on committed bank facilities and the refinancing of a senior-secured note at a lower coupon
• Foreign exchange gain versus foreign exchange loss in the prior year, primarily reflecting the non-cash impact of fluctuations in the EUR/USD exchange rate on debt
• Increased provision for income taxes primarily driven by higher pre-tax income and a discrete tax item, partially offset by foreign exchange gains that are taxable in a low-tax jurisdiction in the current year versus the impact of non-deductible foreign exchange losses in the prior year.
The post International Game Technology PLC Reports Fourth Quarter and Full Year 2024 Results appeared first on European Gaming Industry News.
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