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European Gaming Congress 2024
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Gentoo Media (formerly Gaming Innovation Group Inc.) announces the completion of its legal split, spinning off the platform business and creating two independently listed companies

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It’s with great pleasure Gentoo Media announces that the restructuring process of dividing Gentoo Media Inc.’s (formerly Gaming Innovation Group Inc.) media and platform division into two independently listed companies, has been finalised as of 30 September 2024.

Following a final approval of the Board of Directors of Gentoo Media, all necessary legal steps have been completed, and the assets and subsidiaries of the platform business have been extracted from Gentoo Media Inc. and distributed to the shareholders. The platform business will continue as an independent B2B company under the name GiG Software PLC, providing its proprietary platform and sportsbook technology across the global iGaming sector.

Gentoo Media continues as an independent public company and a pure media business, continuing the business’s journey as a market-leading affiliate in the iGaming industry.

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In addition, Gentoo Media also announces that it has entered into a EUR 25 million Revolving Facility Agreement with Citibank Europe plc., securing financial flexibility and operational excellence in its daily operations. Gentoo Media is very pleased to have Citi as its official main bank and looks forward to working closely with them.

Mikael Harstad, Chairman of the Board in Gentoo Media, expressed his satisfaction with the completion of the split, stating: “This marks a new chapter in the ongoing evolution of our media affiliate business. Gentoo Media is now well-positioned to continue its remarkable growth journey as an independent and vertical focused company within iGaming.”

Jonas Warrer, CEO of Gentoo Media, stated: “We are thrilled by the opportunities this split presents, allowing us to strengthen our market leadership while enhancing shareholder value”.

Shareholder information
The distribution of the platform business to the shareholders is in the form of depository receipts in GiG Software PLC, i.e. Norwegian Depository Receipts (NDRs) to investors holding shares in Euronext Securities Oslo (VPS), and Swedish Depository Receipts (SDRs) to investors holding shares in Euroclear Sweden.

GiG Software PLC’s SDRs will be listed on Nasdaq First North Premier Growth Market with the first day of trading 1 October 2024. Neither the SDRs nor the NDRs will be listed on any stock exchange in Norway, however, holders of NDRs will have the possibility to convert the NDRs to SDRs by contacting their banks or brokers. In addition, GiG Software PLC aims to list the NDRs on the Euronext NOTC market.

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GiG Software PLC has been funded with a starting cash balance sufficient to secure its operations and in addition, Gentoo Media Inc. has used part of the proceeds from the share issue in June 2024 to repay the EUR 5.9 million bank loans held by Sportnco prior to the spin off.

The media division will operate as an independently listed company under the name Gentoo Media Inc. and continues its dual listing on the Oslo Stock Exchange, Norway, with the ticker symbol G2MNO, and on Nasdaq Stockholm, Sweden, with the ticker symbol G2M.

The post Gentoo Media (formerly Gaming Innovation Group Inc.) announces the completion of its legal split, spinning off the platform business and creating two independently listed companies appeared first on European Gaming Industry News.

AGS

Yes, Chef! AGS is Cookin’ Up A Feast of Epic Proportions at G2E 2024

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Global gaming supplier AGS (NYSE: AGS or “the Company”) will serve a full-course menu of delectable gaming experiences, including high-performing slot and iGaming content, cutting-edge cabinets, and revolutionary table game innovations at the 2024 Global Gaming Expo (“G2E”) in Las Vegas on October 8 to 10.

Products for Every Space, Games for Every Palate

As AGS continues to evolve and secure its place among the top four slot suppliers in North America, its G2E showcase will highlight its ability to outfit nearly every corner of the casino floor and satisfy every player’s appetite. AGS will debut not one, not two, butthree form factors from its new Spectra Plus cabinet line: Spectra SL49+™, Spectra SL49+™ Premium, and Spectra SL75+™. The cabinets will be accompanied by AGS’ most extensive library of sizzlin’ slot content, featuring innovative extensions from its renowned franchise, Rakin’ Bacon®:Rakin’ Bacon Link™, Rakin’ Bacon Cash Combo™, Rakin’ Bacon Triple Oink™, andRakin’ Bacon Jackpots™.

Additionally, AGS will showcase its latest games on its new three-reel stepper cabinet, Revel™, and high-performing content for the recently released Spectra UR43™, Spectra UR43™ Premium, and Spectra UR49C™ cabinets.

Serving Up the Best in Table Progressives and Shufflers

G2E 2024 is a landmark year for AGS’ Table division as it becomes a full-service progressive and shuffler supplier. AGS will unveil enhancements to its award-winning progressive platforms, including a new sign package for STAX™ and an innovative addition to its industry-leading Bonus Spin™ Xtreme platform, Bonus Spin™ Xtreme for Poker Rooms. The new addition, which was recently awarded a ‘2025 Best Table Product or Innovation’ in Global Gaming Magazine’s Gaming & Technology Awards, offers flexible progressive configurations to operators and adds the potential for players to win life-changing jackpots in live poker rooms.

Building on the success of the DEX S® single-deck poker shuffler and the Pax S® specialty single-deck shuffler, AGS will preview its latest innovation, the MAX 8™ multi-deck shuffler. MAX 8 can shuffle up to eight decks of cards for shoe games, including baccarat and blackjack, and is designed to fit both sit-down and regular height table games.

AGSi: Bringing the Secret Sauce to Interactive

With a steady stream of chart-toppers and high-indexing content, AGSi has skyrocketed to the top of the interactive supplier charts in North America. AGSi continues to solidify its leading position in the interactive space by consistently releasing high-performing slot games in new categories, including the launch of bespoke content, as well as its first table game, and nearly doubling its content output compared to last year.

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AGSi stays ahead of the competition by offering innovative solutions to help its partners generate revenue. This includes successfully executing a year-long, highly publicized campaign to lead the industry in cross-channel game launches, featuring both land-based and online titles such as Rakin’ Bacon Odyssey™, Rakin’ Bacon Sahara™, and three-reel classic slots, Gold Inferno®. AGSi’s commitment to data-driven results, coupled with the team’s unmatched flexibility and nimbleness, ensures it remains a dominant force in the interactive space.

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Sportingtech selects Continent 8 Technologies to safeguard betting and gaming platform

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Sportingtech leverages Continent 8’s Managed Security Operations Centre (MSOC) and Security Information and Event Management (SIEM) cybersecurity services for 24/7 monitoring, rapid threat prevention and response 

Continent 8 Technologies, a leading provider of global managed hosting, connectivity, cloud and cybersecurity solutions to the iGaming and online sports betting industry, is announcing an expanded partnership with multi-award-winning global betting and gaming provider Sportingtech to oversee and manage their cybersecurity operations.

Building on their existing infrastructure partnership – where Sportingtech utilises Continent 8’s cloud solution for high-performance connectivity and high availability and uptime of betting and gaming platforms – the enhanced collaboration now enables Sportingtech to access Continent 8’s full-service offerings, including advanced cybersecurity services.

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In collaboration with both Continent 8 and C8 Secure (a Continent 8 company specialised in cybersecurity), Sportingtech will implement Continent 8’s Managed Security Operations Centre (MSOC) and Security Incident and Event Management (SIEM) services. This fully managed SOC and SIEM solution delivers continuous 24x7x365 monitoring, advanced threat detection to identify anomalies and potential risks, integrated threat intelligence to stay ahead of evolving and high-impact threats and a cutting-edge SIEM architecture for high-performance analytics and efficient incident management. This comprehensive service ensures the monitoring and protection of Sportingtech’s entire IT infrastructure, covering endpoints, servers, cloud environments and network devices.

Michael Jack, Chief Technology Officer at Sportingtech said: “Sportingtech is excited to expand our partnership with Continent 8 by incorporating their MSOC and SIEM services into our cybersecurity operations. Their tailored service approach aligns perfectly with our need for bespoke, reliable and responsive cybersecurity solutions. This partnership empowers us to enhance our security posture while maintaining the flexibility and attention to detail that drive our success.”

Patrick Gardner, Vice President and Chief Security Officer at Continent 8 said: “Continent 8 is excited to further its collaboration with Sportingtech as both its infrastructure and cybersecurity partner. We have been powering and protecting the iGaming and online sports betting market for over 25 years, and our MSOC and SIEM services will provide the necessary threat prevention, detection and response framework to safeguard Sportingtech’s extensive gaming operations.”

The post Sportingtech selects Continent 8 Technologies to safeguard betting and gaming platform appeared first on European Gaming Industry News.

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Discover relics and big wins in Gold of Egypt from Silverback Gaming

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Venture deep into the ancient tomb and find the treasures hidden inside this entertaining 3×3 slot

Intrepid players are being given the chance to venture back in time to a land ruled by the great Pharaohs where they can uncover relics, treasures and big wins in Gold of Egypt, the latest slot from Silverback Gaming.

In Gold of Egypt, players find themselves in a hot and arid desert at the entrance to a secret tomb. As the reels spin, ancient symbols land on the reels including a Cat, Snake, Scorpion and Scarab, as well as different hieroglyphics.

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The aim of the game is to spin the reels and hunt down the relics, which trigger the bonus features. This includes Mystical Relics and Golden Relics with Respins and Wilds also in play.

There are four Mystical Relics in total (Cat, Snake, Scorpion and Scarab) that land in the base game. Depending on the Mystical Relic that lands, players are taken to a special mini game where they can discover some of the tomb’s most spectacular treasures.

Scarab Game – reels one and three are Tall Wilds with reel two spinning once for a win combination to potentially occur.

Cat Game – players get between two and ten Respins, with a Tall Wild covering reel two. Reels one and three then spin with a guaranteed win.

Scorpion Game – the reels keep respinning until a win occurs with the win then combined with a Random Multiplier of between 10x and 30x.

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Snake Game – extra Respins are awarded with two to nine Random Wilds covering different reel positions. The Respins keep coming until a winning combo lands.

The rare Golden Relics are powerful and help players discover the game’s biggest wins. There are three types – Mini, Major and Grand – with each bringing its own Win Multiplier of 30x, 100x and 300x respectively.

But the tomb has more to give to those who dare the explore its deepest depths with spectacular Wilds also in play. Again, there are different types of Wild including Standard, Double and Tall, each helping form more win combinations in their own way.

Gold of Egypt is set across three reels and three rows with 9 paylines active in the base game. The RTP is set at 96.06 % and the max win potential is 2120x.

As with all Silverback Gaming slots, it has been certified for launch in core European markets such as Italy and Malta as well as North American markets including Ontario, Michigan, Pennsylvania and New Jersey.

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Katya Machuganova, Gaming Product & Partnership Manager at Silverback Gaming, said: “Gold of Egypt takes the iconic ancient theme and wraps it around gripping gameplay that will appeal to the most adventurous players.

“Relics and Respins are key to discovering the game’s most valuable treasures, with each Relic triggering a mini-game that promises to get pulses racing as players find themselves going deeper and deeper into the tomb towards the max win potential.

“Gold of Egypt is another strong addition to our portfolio, and we look forward to seeing intrepid players taking it for a spin.”

The post Discover relics and big wins in Gold of Egypt from Silverback Gaming appeared first on European Gaming Industry News.

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