LAS VEGAS, July 12, 2022 /PRNewswire/ -- AGS (NYSE: AGS) (or the "Company") today announced that David Jacques Farahi has been elected to AGS' Board of Directors, and will serve on the Company's Nominating and Governance, Compensation and Audit committees.

Farahi serves as Executive Chairman of Quick Custom Intelligence since his appointment in 2022. Previously he served as Chief Operating Officer of Monarch Casino & Resort (Nasdaq: MCRI) from 2012 to 2021. Starting his gaming career at Monarch in 1998, Farahi held several additional roles including Director of Investor Relations, FP&A Analyst, as well as numerous positions within the slot and gaming operations departments. From 2004 to 2007 he held various finance industry roles with HSBC Bank PLC in London, Geneva, and New York. Farahi served four terms as President of the Colorado Gaming Association, from 2015 to 2021, where he spearheaded the industry's legislative agenda, including three successful state-wide ballot initiatives. In 2022, Farahi became an Adjunct Professor at Metropolitan State University Denver, teaching an introductory course on gaming and sports book management.

AGS President and Chief Executive Officer David Lopez said, "David is a seasoned industry executive with extensive experience in both the gaming operator and gaming regulator space. He has a proven track record of leading teams to operational improvements, integrating and scaling a substantial acquisition, and effectively communicating with the investment community. We believe his strong industry experience will be extremely valuable as we continue to grow, improve our operational efficiency, and strengthen our relationships with our casino operator partners."

Farahi said, "I have long admired the passion, grit, and ingenuity of the AGS team. Since its inception, AGS has uniquely approached operators as a true partner, developing products from slots to table games and beyond that delight players. I'm honored to be joining their board at such an exciting time for the business. I have tremendous respect for David Lopez, his executive team, and the other board members, and I look forward to collaborating with them to the benefit of our team, customers, and shareholders."

Farahi earned an MBA from Columbia Business School with concentrations in both Real Estate and Finance. He also holds a BA in Economics and International Studies from Northwestern University. He earned Dean's List honors from both institutions.
The emblematic Atlantic City Casino in the district of Miraflores – Lima, Peru, has bet on Zitro to introduce the award-winning 88 Link to its gaming offering. Known for their remarkable success in land-based markets, the company’s 88 Link games have not only met but exceeded the expectations of players worldwide. “We are convinced that these top-performing game titles will also meet the many preferences of players of this renowned casino, and we are confident that it will be an added catalyst for our continued growth in the Peruvian market”, commented Alejandra Burato, Zitro’s Regional Director for Latin America.

Launched with 2 multi-game themes: Lucky Charms and Wild Duels, they are five-reel and 243-ways-to-win slot games, featuring a five-level mystery jackpot enabled by the Allure form-factor.

Victor Cardoso, Chief Operating Officer of Atlantic City Casino expressed his enthusiasm about including Zitro’s products in their game portfolio: “We are thrilled to have entered this long-lasting business relationship with such a strong partner as Zitro, and we can’t wait to see how our players respond to these new additions. This collaboration paves the way for new slot titles to be added soon.”

Alejandra Burato, Zitro’s Regional Director for Latin America, added: “It is a pleasure to partner with Atlantic City and bring our proven performance games to this iconic casino venue. Our titles will undoubtedly add value and are sure to increase player engagement and profitability. We are convinced of the enormous benefits of this partnership for both parties.”

Eilers & Krejcik Gaming (EKG) is proud to announce that Dominic Squeo has joined the company's Electronic Money Movement Practice.

Prior to Eilers & Krejcik Gaming, he was the Director of Fraud Investigations for DraftKings, one of the leading US Operators. During his tenure, he has led several teams in a multitude of capacities focused on Fraud, AML, Payments, and Responsible Gaming.

Prior to that he was the Payments Manager at ROAR Digital, now BetMGM leading all aspects of Payments for the joint venture. Dom has also served in several Fraud and Payments roles at Verifi, CAMS and Expedia.

“Dom is an outstanding addition to the EKG Electronic Money Movement team, and we look forward to utilizing his operational expertise and deep industry relationships and insight to help expand our presence and better serve our clients, “said Jerry Rau, Managing Director of Electronic Money Movement at EKG.

“I’m really excited to join EKG. I am looking forward to contributing to the growth of the team and share my knowledge and experience with the industry,” said Dominick Squeo.

MONTREAL, July 11, 2022 /PRNewswire/ -- AXES.ai ("AXES" or the "Company") is pleased to announce it has concluded a global strategic alliance with Hivestack, the world's leading, independent programmatic digital out of home (DOOH) ad tech company.

This partnership will enable AXES to connect the Hivestack supply side platform (SSP) to the AXES omnichannel demand side platform (DSP) to broadcast premium, programmatic DOOH cross-channel media campaigns on a global scale to the more than 25,000 AXES DOOH screens as well as push content to the mobile applications in the AXES APP Store.

"We are very excited about the value-add to our clients," stated Earle G. Hall, President & CEO of AXES.ai. "Hivestack has built a cutting-edge supply side platform that offers tremendous real-time value, content, data, and statistics. The Hivestack content rich platform will definitely be a tremendous added value to our clients and their customer journeys."

"AXES is a global technology leader in the land-based casino segment," stated Bruno Guerrero, COO of Hivestack. "Their cloud-based platform offers many revenue generating opportunities, and we are excited to penetrate this new market segment with AXES. The Hivestack expertise, technology and data will fuel this partnership so that AXES can create extraordinary value for its clients, and we are proud to have created this exciting partnership."
IRVINE, Calif.--(BUSINESS WIRE)--GAN Limited (the "Company" or "GAN") (NASDAQ: GAN), a leading North American B2B technology provider of real money internet gaming solutions and a leading International B2C operator of Internet sports betting, today announced that it has repurchased approximately 303 thousand shares on the open market under its existing share repurchase authorization for approximately $1 million, or an average cost of $3.30 per share. There is approximately $4 million remaining under the current authorization, which expires November 30, 2022.

Any future shares repurchased under the current authorization will be repurchased with cash on hand and cash from operations. Any shares repurchased will be returned to treasury for cancellation. The price which the Company will pay for any such shares will be the prevailing market price at the time of acquisition, subject to certain limitations imposed by applicable securities laws. The actual timing, manner, and number of shares repurchased under the program will be determined by management at its discretion, together with further discussions with the board, and will depend on several factors, including the market price of GAN’s common shares, general market and economic conditions, alternative investment opportunities, and other business considerations in accordance with applicable securities laws and exchange rules. The authorization does not obligate GAN to acquire any particular number of shares and repurchases may be suspended or terminated at any time at GAN’s discretion.

In true YouTuber fashion, Brian Christopher’s slot machine was played for the first time with one hand on the button and another holding a phone, livestreaming it all to thousands of viewers.

The social media influencer unveiled Pop’N Pays More, a slot machine featuring his likeness and created by Las Vegas-based manufacturer Gaming Arts, at the Plaza on Wednesday night.

Stars like Madonna and characters like Homer Simpson have been the subject of slot machine licensing deals for years. But a licensing deal with an internet celebrity, and one already familiar with slots and gaming, is something new.

“As a slot manufacturer, we keep our ear to the ground and see what’s going on out there,” CEO Mike Dreitzer said. “We were very impressed by the remarkable popularity of Brian and his legion of fans, and he’s a triumph.”

The YouTube personality already reaches about 1.1 million followers over multiple social media platforms — and has made an impression on Las Vegas. Three of the new machines sit in the Brian Christopher Slots section of the Plaza as he and the casino have partnered on projects for years.

The area, the first smoke-free area in downtown Las Vegas, will be renovated to be “social media friendly” later this year by welcoming cameras, giving more control over music volume and adding interactive elements designed to make people want to take photos.

“I think it’s important to adapt with the time and social media, YouTubers are very important features in today’s society,” Plaza CEO Jonathan Jossel said. “Nobody isn’t taking pictures of everything that they see, so why deny that? Obviously, you have to follow game protection, you have to respect people’s privacy. But as long as you’re doing it within your own space, we want to encourage it and embrace it. That’s what we do.”

Christopher said he was proud of the game and his fans’ support. He said Wednesday’s livestream was his channel’s biggest audience of the year, with 19,000 live viewers. It gained hundreds of thousands more in less than a day.

“My fans absolutely love the constant action of the game with the numerous features and use of my catchphrases,” he said Thursday.

On Wednesday, fans and gawkers gathered around Christopher, his husband and his parents each playing on the machines during the livestream.

California resident Juli Mangun said she and her husband came to town to watch the unveiling. They met him previously through meet-and-greets and group pull events.

“He uses that catchphrase, ‘Rude,’ but he’s not rude,” she said. “It’s like being with this little family. You watch every day or so, you get to know the others and other fans.”

Pop’N Pays More will operate in several casinos, including M Resort and Palms locally and tribal casinos in Arizona, Oklahoma and Minnesota.

“This market is very competitive,” Dreitzer said. “We’re obviously looking for ways to bring interesting value to buyers. They want good content and it’s always getting better and better. We thought that this was a great way, given where social media is.”

~~~~~
Story written by McKenna Ross for Las Vegas Review-Journal

MONTREAL and IRVINE, CA, July 07, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”)?(Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payments platform, and GAN Limited (NASDAQ: GAN) (the “Company” or “GAN”) announce today they have entered a strategic partnership enabling gaming operators to access Nuvei’s full suite of payments solutions through an integration with GAN’s software-as-a-service gaming platform technology.

The partnership commenced following the launch of the regulated gaming market in Ontario earlier this year and is now being extended to support operators across the U.S. and Canada. Nuvei technology is integrated seamlessly into GAN software, and thanks to this partnership, players can instantly deposit and request instant payouts using its industry-leading cashier technology. This includes multiple regional and alternative payment methods in addition to cards, such as Interac and digital wallets.

Don Ryan, President of Enterprise Solutions for GAN, commented on the announcement: “We’re pleased to be partnering with Nuvei to bring such an exciting solution to the North American gaming industry. GAN and Nuvei have strong reputations for delivering best-in-class solutions for operators. This strategic partnership takes our combined proposition to the next level.”

Philip Fayer, CEO & Chair of Nuvei, added: “Offering gaming operators a fully customizable payments platform, including local acquiring solutions and a full suite of payment methods through a single integration, is at the heart of our vision for the future of payments in both gaming and broader verticals.

“Being able to partner with GAN to bring this vision to North American operators is a great step forward for an industry poised for further significant growth in the next few years. GAN is renowned throughout gaming for its market-leading software, which is why we believe this is such an exciting partnership.”

The announcement is the latest from Nuvei as it continues to solidify its position as the payment technology partner of choice for gaming, fantasy sports, and sports betting brands in regulated markets across the globe.
LAS VEGAS, July 07, 2022 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC:GLXZ), the world’s largest independent developer and distributor of casino table games and technology, announced today that industry expert, Steph Nel has joined the Company in the position of Senior Vice President Worldwide Sales. In this new position, Nel will lead Galaxy’s sales team and oversee the company’s continued market expansion worldwide.

With a gaming career spanning over 20 years and across several continents, Nel brings extensive knowledge and experience to the Galaxy Gaming team. Steph Nel started his career as a dealer in South Africa and has since travelled and worked as a sales and business development gaming leader in Africa, the United Kingdom, and now in Las Vegas. Most recently, Nel held the position of Managing Director of the Americas at TCSJOHNHUXLEY. During his time there, Steph oversaw their asset purchase agreement of Gaming Partners International’s (GPI) North American business, as well as the Midwest Game Supply acquisition in 2022

Steph Nel was recently honored in the 2022 class of Global Gaming Business Magazines’ Emerging Leaders of Gaming 40 Under 40 award. These prestigious awards celebrate gaming professionals under the age of 40 who are making an impact in the industry.

“As Galaxy Gaming’s product portfolio and market opportunities grow globally, we’ve been focused on continuing to strengthen our team of table games experts,” said Todd Cravens, President and CEO of Galaxy Gaming. “Steph Nel is a seasoned gaming professional with a strong background in table games and a proven track record as a sales leader. We’re delighted to have him join our team.”

“I’m thrilled to be joining the Galaxy Gaming team,” shared Nel. “I look forward to advancing Galaxy’s market growth with the support of their strong reputation of best-in-class service, a robust customer-focused sales team, and impressive portfolio of world-famous and innovative table games and solutions.”

To reach Steph Nel please email snel@galaxygaming.com

LONDONJuly 7, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today the release of its 2021 Sustainability Report, which outlines the Company's demonstrated environmental, social and governance (ESG) performance. IGT's 15th annual Sustainability Report validates the Company's commitment to operating as an industry-leading sustainable business and illustrates its latest achievements in generating value for its stakeholders.

IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.

"IGT understood the vast importance of sustainability 15 years ago when we issued the Company's first Sustainability Report, and our 2021 Sustainability Report underscores the progress we have made since then," said Vince Sadusky, IGT CEO."We are developing our sustainability plans to further integrate sustainability across the entire value chain and improve the ESG impact throughout our daily operations. Highlighted in our 2021 Sustainability Report, this plan outlines strategic goals that will drive our ESG performance, now and in the future."

The latest IGT Sustainability Report demonstrates the Company's drive to create value for its stakeholders, increase its corporate citizenship and enhance reporting on its activities through four key sustainability priorities: Valuing and Protecting Our People, Advancing Responsibility, Supporting Our Communities, and Fostering Sustainable Operations.

Highlights of the report include:

  • Valuing and Protecting Our People: IGT values, respects and appreciates the contributions of all employees. The diversity of its workforce and their appreciation for a multicultural work environment contributes to IGT's understanding of global business needs and builds on IGT's meaningful relationships with customers and communities.
    • IGT issued its first Human Rights Policy Statement which outlines the Company's belief that promoting sustainable principles begins with respecting the basic rights to which all human beings are entitled. As a global organization, IGT is responsible for promoting human rights and contributing to meaningful change around the world.
    • Diversity and inclusion objectives were recently introduced for IGT's senior leadership team, and in 2021, business unit leaders created action plans related to goals relative to diverse representation on their teams.
  • Advancing Responsibility: IGT's commitment to advancing responsibility includes maintaining the integrity of games by ensuring its products and services are fully compliant with existing laws and the protection of all stakeholders' rights. The Company's approach to responsible gaming follows goals and commitments that aim to raise the standards of responsible gaming throughout the industry.
    • In 2021, IGT released its Global Responsible Gaming Policy to transparently inform all relevant stakeholders about IGT's worldwide programs and solutions. It was also created to meet or exceed requirements and regulations of responsible gaming in all jurisdictions where IGT operates.
    • IGT also reaffirmed its responsible gaming leadership with recertification from the World Lottery Association's Associate Member Corporate Social Responsibility Standards and Certification Framework.
  • Supporting Our Communities: IGT supports communities where it operates and where its employees live through corporate programs that align with the United Nations' sustainable development goals (SDGs). Community involvement and employee engagement initiatives embrace a breadth of causes through corporate giving, corporate sponsorships and employee-driven programs.
    • In 2021, IGT's charitable giving focused primarily on basic needs as the ongoing effects of the COVID-19 pandemic have had lasting impacts in the communities it serves.
  • Fostering Sustainable Operations: IGT's sustainability practices involve continual improvement of its environmental management systems and reduction of its impact on the environment.
    • In 2021, IGT joined the Science Based Targets initiative, which drives climate action among businesses worldwide. With this commitment, IGT officially pledged to set targets to reduce greenhouse gas emissions, contributing to low-carbon emissions and furthering IGT's ESG impact.

The 2021 Sustainability Report is available online at IGT.com. For more information on IGT's global sustainability program, visit IGT.com, or follow IGT on LinkedIn

LONDON, July 5, 2022 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has completed its previously announced acquisition of iSoftBet, a leading igaming content provider and third-party game aggregator, for approximately €160 million in cash.

IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.

The acquisition more than doubles the IGT PlayDigital content library to approximately 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and leading data-driven promotional and user-engagement tools.

Oakvale Capital LLP acted as lead financial advisor to IGT. Wachtell, Lipton, Rosen & Katz served as legal advisor to IGT and KPMG LLP acted as tax and financial due diligence advisor to IGT.

M. Firon & Co. and Wiggin LLP served as legal advisor to iSoftBet. BDO Israel acted as independent registered public accounting and tax firm of iSoftBet.

LAS VEGAS, July 05, 2022 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world’s largest independent developer and distributor of casino table games and technology has launched Galaxy Gaming Digital, a division focused on online growth and development. Galaxy Gaming Digital encompasses its proprietary portfolio of world-famous table content, the brand-new Galaxy Built games developed in-house, and future digital ventures.

“The launch of Galaxy Gaming Digital underscores our continued enthusiasm for creating and licensing the best table game content online, just as we have always done for our land-based clients,” said Todd Cravens, President and CEO of Galaxy Gaming. “As the omnichannel table games experts, we see tremendous opportunity for growth and innovation by taking an active role in creating our own new content and continuing to work closely with our industry-leading development partners. Along with that, this new division will also be focused on channel expansion, bringing Galaxy titles to new online outlets.”

Galaxy is renowned for their world-famous content and proven track record with both online and land-based table games. In the last twelve months, over one billion wagers worldwide have been made online on Galaxy Gaming side bets alone. Of the top seven side bets online, Galaxy titles makeup five including the world’s number one side bet, 21+3®, Perfect Pairs®, Buster Blackjack®, Lucky Ladies®, and Lucky Lucky®. These titles can be found on games developed by Galaxy iGaming partners across over 1,000 of the world’s leading online casino websites.

Building upon that success, Galaxy Gaming Digital will continue to license their best-in-class table games titles to their development partners while also taking a more active role developing their own brand-new games in-house to offer more of their extensive and expanding content portfolio. For the first time, Galaxy is launching their own ready-to-play iGaming RNG titles, Galaxy Built games, pairing their innovative new game titles with an engaging user experience. The first collection of these games includes Split to Double Blackjack™, Roulette Up™, and Rising Phoenix Baccarat, which are all currently available in land-based casinos. These RNG titles will launch later this year.

Further digital developments are already in progress. Galaxy Gaming Digital expects to have additional announcements later this year.

Zitro’s new multigame, Wheel of Legends, has arrived at the Casino de Mallorca and, along with other renowned Zitro products, is dazzling the customers of this Luckia Casino.

Casino de Mallorca managers are thrilled with Zitro’s latest addition. “The reception that Wheel of Legends has had among our customers is incredible, it is a real pleasure to see how spectacular our casino looks with the new Altius Glare cabinet”.

Wheel of Legends is a product that is revolutionizing the gaming halls of Spain with a totally unprecedented graphic quality, which adds a completely different game dynamic to what currently exists in the market. Featured on the premium Altius Glare cabinet, Wheel of Legends is positioning itself as a player-favorite in all gaming properties in Spain.

Jaime Aníbal-Álvarez, Zitro’s Director of Casinos in Spain, thanked Luckia: “for adding Wheel of Legends along with other renowned Zitro products, such as Link King and Link Me, as a sign of the trust placed in our company and we are grateful for the involvement of its human team that, together with that of Zitro, have made this bet a success”.

Zitro has brought to the renowned Casino Colón, of the Gran Madrid Group, its latest novelties of the GLARE Family among which are the new Double Link, and Wheel of Legends multi-game.

Featured on the exclusive Illusion Glare 43? Ultra HD curved screen cabinet, Double Link includes a very special bonus round that literally doubles the bonus, offering players double the excitement and double the prizes. Wheel of Legends, on the other hand, featured on the premium Altius Glare, has an unparalleled graphic quality and a totally different game Dynamic.

Sergio Rupérez, Head of Product Retail-Online of Gran Madrid Group, highlights that “Zitro’s wide variety of products allows us to renew our gaming offer with the latest in the market, as is the case of Double Link, which together with Wheel of Legends is having a great reception. Both multi-games, in their respective GLARE cabinet, have an unbeatable presentation”.

Jaime Aníbal-Alvarez, Zitro’s Director of Casinos España, stated that “it is a privilege to be able to offer Gran Madrid Group our latest products for the amuse of its customers. We are confident that this great bet offered by Casino Colón with Zitro products will result in benefits for all”.

JOHANNESBURG, South Africa (30 June 2022) – Gaming Laboratories International (GLI®) in Africa has reached a landmark milestone with 100 employees now based in the South Africa office to support GLI customers in Africa and across the globe.
 
In the last 12 months alone, GLI Africa has hired a further 58 employees to keep up with customer demand for testing and certification from GLI’s team of experts.
 
The quickly expanding team has also resulted in the physical extension of GLI’s state-of-the-art laboratory and office, which opened in Midrand, Johannesburg in 2017. The additional 400 square meters were needed to make room for all the new employees and increase the capacity within the laboratory to ensure GLI can continue to deliver to customers’ expectations.
Devon Dalbock, General Manager of GLI Africa, said, “GLI was the first gaming test lab to set up in South Africa with just a handful of employees in 1996. Since then, we have continued to invest in the South Africa operation, and reaching this important milestone is a real success story for us. Like many places, Johannesburg was hit hard by the pandemic with rising unemployment levels. We are proud of the fact we retained all staff during the pandemic and have been able to create new job opportunities for so many talented individuals to work on projects not only in Africa but in jurisdictions across the world.”
 
“It’s also great news for our customers in Africa that they have access to local experts who understand the complexities and challenges of the market here, but also have a global team working with them who can offer insights and expertise about markets in Europe, Latin America, Asia, Australia, and the USA.”
 
When Kailin Hank joined GLI Africa as a Maths Analyst, she had no idea that she would become an important part of GLI Africa’s history by becoming the 100th employee. Kailin joined the team, having worked part-time as a mathematics tutor at underprivileged schools in Johannesburg, aiming to inspire young people.
She explains why she decided to join GLI, “When I first learned about GLI, I was attracted to how much the company strives with work ethics and their global commitment to give back to communities. I was also excited to see how I could use the skills and experience I obtained as a graduate and integrate that with GLI’s vision. What I enjoy most about my job is the fact that every day is different and an opportunity to learn and grow, not forgetting the amazing office environment. Everyone is extremely friendly and welcoming, and I am glad to be a part of the GLI family.”
 
Gaming Laboratories International (GLI®) in Africa was also recently awarded a certificate of recognition from the South African National Accreditation System (SANAS) for maintaining its continuous accreditation for more than 20 years.
 
The GLI Africa Story so far:
  • 1996 – GLI establishes a third international lab located in Pretoria, South Africa, in conjunction with its then joint-venture partner, the South African Bureau of Standards (SABS).
  • 2001 – Awarded ISO 17025 accreditation by the South African National Accreditation System (SANAS)
  • 2007 – GLI Africa (Pty) Ltd is incorporated as a wholly-owned subsidiary of GLI
  • 2017 – GLI Africa opens a new state-of-the-art 1,800 m/2 laboratory in Midrand
  • 2021 – GLI Africa hires a further 58 employees and establishes a team of Math Analysts to keep up with customer demand
  • 2021 – Achieves 20 years of continuous ISO 17025 accreditation
  • 2022 – Expands office premises by an extra 400 m/2
  • 2022 – Reach a milestone of 100 employees in GLI Africa
Bao Zhu Zhao Fu™ from Aristocrat Gaming™ is lighting up casino floors across the U.S. An instant, explosive hit with players, Bao Zhu Zhao Fu has been performing at more than two times house average, meaning if you don’t have this game on your floor, now is the time to bring this thrilling game to your players.
Bao Zhu Zhao Fu takes the best from classic titles like Fu Dai Lian Lian™ and Mighty Cash Ultra™ to create elevated play. Bao Zhu Zhao Fu intertwines metamorphic triggers with three exciting Hold & Spin™ features. Players aim to combine all three Hold & Spin features for the ultimate jackpot chase. There are also three progressives and two fixed bonus prizes, giving jackpot lovers of all types something to chase and enjoy.
 
Bao Zhu Zhao Fu has three fun features. In “Ultra Spins,” symbol values in Hold & Spin may be randomly boosted. In “Double Up,” players can play two Hold & Spin matrices at the same time! And in “Extra Spins,” players enjoy a 4-3-2-1 counter instead of the traditional 3-2-1 counter.
 
Bao Zhu Zhao Fu’s two base games, Blue Festival™ and Red Festival™, are on Aristocrat’s MarsX Portrait cabinet. Bao Zhu Zhao Fu has medium-high volatility and a frequent feature rate.
LAS VEGAS, June 28, 2022 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world’s largest independent developer and distributor of casino table games and technology announced that they have entered a partnership with Spirit Gaming, an independent casino gaming distribution company based in Germany. Subject to certain contractual obligations, Spirit Gaming will be the exclusive distribution partner for Galaxy Gaming in Germany, Austria, Luxembourg, and Belgium and a non-exclusive distribution partner in Switzerland and Liechtenstein.

Spirit Gaming will provide localized support and distribution for Galaxy Gaming’s innovative new Triton Casino Systems™, Bonus Jackpot System, and their entire portfolio of table game content including the world-famous 21+3®, Perfect Pairs®, and Three Card Prime™. These games can all be enhanced with thrilling progressives supported by either of Galaxy’s technology solutions - Triton Casino Systems and the Bonus Jackpot System. This best-in-class content and technology paired with unmatched service levels has proven successful for Galaxy Gaming’s clients across the United Kingdom, Europe, North America, and online worldwide.

“We continue to see great success with our table game content and progressive solutions across the United Kingdom and look forward to replicating that same success for our clients in these new markets,” shared Todd Cravens, President and CEO of Galaxy Gaming. “We see great opportunity with this pairing of our best-in-class table game content and solutions with Spirit Gaming’s European market expertise.”

“The entire Spirit Gaming team is proud to partner with Galaxy Gaming. We are very excited to enlarge the footprint of Galaxy Gaming in Europe and are convinced the players will love the innovative and thrilling games, especially the progressive JP systems,” added Frank Ziegler, managing director of Spirit Gaming.

Fantini Research Launches New Logo and Distribution Platform

IRVINE, CALIFORNIA, June 17, 2022 — With the acquisition of Fantini Research publications by Eilers and Krejcik Gaming, Fantini Research is pleased to announce the release of a new logo and report distribution platform.

The updated logo and color scheme reflects Fantini’s role as a division of Eilers and Krejcik and will be used across all Fantini publications and on the website.

Additionally, Fantini Research will now be utilizing BlueMatrix to deliver its reports and products to subscribers.

Subscribers will not need to take any action to receive their reports as normal, and the easy, quick-read format for which Fantini is known for will remain unchanged.

If you have trouble receiving your reports, please contact Publisher Ashley Diem at ADiem@FantiniResearch.com or at +1-302-730-3793 for assistance.

Those who are not current subscribers but would like a free trial can send a request to Subscriptions@FantiniResearch.com.

 

SUBSCRIBER RIGHTS AND CONDITIONS:

Copyright ©: Fantini’s Gaming Report © and Fantini Research are divisions of Eilers & Krejcik Gaming, LLC. All rights reserved. Our reports and content are protected by copyright and we reserve all rights except for as granted in this paragraph, and subject to the conditions stated below. We grant each subscriber and secondary recipient the right to receive, read, and utilize the reports and report contents for their individual use only. Your Subscriber Rights and Conditions give subscribers and secondary recipients the right to receive, read, and utilize the copyrighted reports and report contents for their individual use only. This right of individual use does not authorize providing whole or partial copies to others (even in your company) in any way, such as forwarding, posting, printing, file sharing, scanning, making photocopies, circulating, selling, publishing or otherwise. The right does not authorize any use by a person before he or she becomes a subscriber or secondary recipient. Any other right must be granted in writing by Eilers & Krejcik Gaming, LLC. You agree to inform paid subscribers and recipients of the conditions on their use, and you authorize us, in our discretion, to employ tracking services to check their compliance. Unauthorized copying or distribution violates copyright law and may carry serious consequences.

 

SUBSCRIPTIONS:

Subscriptions are available for $7,449 for the Elite Service Suite, $3,499 for Premium Service, $2,199 for Executive Level, and $1,199 for Basic. We also offer a Concierge package that includes individualized consulting services for $16,499. Subscriptions are limited to one primary subscriber who may, with permission, add a secondary recipient at the same company and URL at no additional charge, with Eilers & Krejcik Gaming, LLC first giving you written permission to do so. Affordable multi-user licenses are available and can be customized for any number of designated recipients. See Subscriber Rights and Conditions above.

For additional information, call +1 302 730 3793. Subscriptions can be ordered by phone, online at http://www.FantiniResearch.com.

STAFF/CONTACT US:

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Frank Fantini, publisher emeritus and consultant. FFantini@FantiniResearch.com

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Eilers & Krejcik Gaming, LLC

Fantini Research and Fantini’s Gaming Report

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Irvine, California, USA 92606

Phone: +1 302 730 3793

 

About Eilers & Krejcik Gaming:
Eilers & Krejcik Gaming, LLC is a boutique market research and consulting firm focused on servicing the gaming equipment, interactive gaming, and sports betting sectors within the global gaming industry.  The firm’s products and services include market research, company research, and consulting and advisory services designed specifically for land based & online casino operators, equipment & technology suppliers, social gaming companies, real-money online game companies, and institutional investors. Additional information regarding the firm’s research products and consulting & advisory services can be obtained by visiting www.ekgamingllc.com.

LAS VEGAS (June 27, 2022) – Aristocrat Gaming™ announced today that Oriana Branon has joined the company as Vice President of Communications and Corporate Affairs.
 
Reporting to CEO of Aristocrat Gaming Hector Fernandez, Branon will be a member of the executive leadership team. In this newly created role, she will oversee all external and internal communications for the Gaming division, and provide strategic guidance on the organization’s environmental, social, and governance (ESG) as well as sustainability and ethical impact, and diversity, equity, and inclusion.
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“We are thrilled to welcome Oriana to the Aristocrat Gaming team, where she will support our mission to bring joy to life through the power of play,” Fernandez said. “Oriana’s extensive communications background across business and consumer markets, stellar track record of storytelling, and commitment to social impact demonstrate she will be an incredible asset to our company during a time of rapid growth.”
 
Branon recently led corporate communications for financial tech giant Bill.com, where she drove the company’s external visibility in the wake of their IPO. She was also the first PR hire for Alaska Airlines in California, helping the company to win the hearts and minds of consumers post-Virgin America acquisition.
 
“I am excited to join Aristocrat Gaming to build on the company’s rich history of delivering award-winning and entertaining gaming experiences to players around the world,” Branon said. “I look forward to working with the team to capture the tremendous opportunity ahead.”
 
Branon has been recognized for her strong communications performance record, including PRWeek’s “Women to Watch” and PRWeek’s “40 Under 40,” and featured as a Latina advocate in Latina Style and Forbes. She holds a Bachelor of Arts degree in Communications and Sociology from the University of California, Santa Barbara. She sits on various nonprofit boards dedicated to opening pathways for underserved communities and is passionate about mentoring women of color professionals.
 
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Ainsworth Game Technology said its CEO Harald Neumann has been granted 2.8 million performance rights as a long-term incentive.
Each performance right entitles the holder to one Ainsworth share if performance conditions are satisfied. The rights can be vested over a three-year period and are worth A$2.77 million at today’s market prices.

The rights will vest according to the achievement of certain share price goals. It said 25 percent can be vested in June 2024 if the company’s share price hits A$2.00, just over double the current level.

The next 25 percent are due at the end of December of that year if the stock is at $2.40 and the remainder in June 2025 if the shares are at $2.76.
LONDON, June 22, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has been awarded a gold medal sustainability rating from leading sustainability rating agency EcoVadis. This gold medal rating positions IGT among the top five percent of global companies assessed by Ecovadis for its comprehensive sustainable business practices.

IGT (NYSE:IGT) is a global leader in gaming. We deliver entertaining and responsible gaming experiences for players across all channels and regulated segments, from Lotteries and Gaming Machines to Sports Betting and Digital. Leveraging a wealth of compelling content, substantial investment in innovation, player insights, operational expertise, and leading-edge technology, our solutions deliver unrivaled gaming experiences that engage players and drive growth. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has approximately 10,500 employees. For more information, please visit www.igt.com.

IGT's sustainability program was assessed under the EcoVadis criteria using 21 benchmarks within the categories of environment, labor and human rights, ethics, and sustainable procurement. EcoVadis methodically evaluates environmental, social and ethical performance using these international sustainability standards for companies worldwide.

"As a leader in global sustainability for over 15 years, IGT has a thorough understanding of the significant value that sustainable practices provide to our stakeholders, and ESG strategies remain at the forefront of our corporate priorities," said Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability. "The sustainability criteria assessed and rated by EcoVadis are embedded into IGT's culture and daily operations to sustain long-term growth for our business. We take great pride in this gold medal achievement and will continue our journey of contributing to a more sustainable future."

EcoVadis is one of the world's largest and most trusted providers of business sustainability ratings. Its methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact, and the ISO 26000, covering more than 200 spend categories and over 160 countries.

For more information on IGT's global sustainability program, visit IGT.com, or follow IGT on LinkedIn.
JERSEY CITY, NJ – (June 21, 2022) – BetMGM, a leading sports betting and iGaming operator, announced today an agreement with Sony Pictures Television and International Game Technology PLC (“IGT”) (NYSE: IGT) to launch Wheel of Fortune Casino, set to become the first full brand-led online casino in North America. Wheel of Fortune, an iconic American gameshow, is preparing for its milestone 40th season. More than 250 versions of Wheel of Fortune slot games have been introduced over the last 25 years and this online launch of Wheel of Fortune Casino will represent the latest gaming extension for the brand.

“Wheel of Fortune is watched nightly by millions of people and BetMGM is honored to partner with Sony Pictures Television and IGT to bring this online casino experience to life," said Matt Prevost, Chief Revenue Officer, BetMGM. "Once live, Wheel of Fortune Casino will offer players the excitement of their favorite gameshow and real money wagering in the palm of their hand."

Suzanne Prete, Executive Vice President of Game Shows, Sony Pictures Television, said, “We are delighted to be partnering with BetMGM for the launch of Wheel of Fortune’s very first online casino. With Wheel of Fortune celebrating its 40th season this year, we are pleased to continue offering players additional, new ways to play the games they know and love.”

Launching first in New Jersey, Wheel of Fortune Casino will house America’s Game®-branded slot titles produced by global gaming leader IGT, along with many other themed games and features.

Enrico Drago, CEO Digital & Betting, IGT, said, “We’re excited to celebrate the evolution of the IGT Wheel of Fortune slot brand with BetMGM and Sony Pictures Television through the launch of Wheel of Fortune Casino. The Wheel of Fortune brand has been synonymous with slot gaming for more than 25 years, and this unprecedented brand-led online casino, driven by BetMGM’s compelling platform and promotional capabilities, is well-positioned to engage and entertain new and long-time players. As part of our ongoing PlayDigital strategy, we will continue to look for new and exciting ways to leverage our third party and home-grown brands with our operating partners.”

As BetMGM continues to expand into new markets, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly including GameSense, an industry leading program, developed and licensed to MGM Resorts by the British Columbia Lottery Corporation. Through the GameSense integration within BetMGM’s mobile and desktop platforms, customers can directly access responsible gaming tools.
Zitro brings its new GLARE cabinet line to the emblematic Casinos Palace Bingo & Sport Bets, highlighting the premium Altius Glare form-factor, which already shines at the casinos of this important Mexican group.

Altius Glare’s visual quality, never seen before in the industry, and its impressive format, which includes a huge 55” screen combined with a 27” Full HD display, that provides a giant real estate for 4K graphics and a smart LED halo, make this new cabinet stand out at the casinos of Palacio de los Números.

Roberto Cano, Group Operations Manager of Palacio de los Números, welcomes the addition of these new products, “The Altius Glare cabinet and its multi-game Wheel of Legends offer a unique and immersive gaming experience that will reinforce the popularity of Zitro machines among our customers. We are delighted to continue our partnership with Zitro, and to continue to add their products into our casinos”.

“The new GLARE Family debuts in the casinos of the country as the new product of the moment. We are very grateful to Palace Bingo & Sport Bets Casinos for the trust they place in us with this new bet, and we will continue to surprise with spectacular products that contribute to players enjoying even more the renewed experience of playing our games”, says Johnny Viveiros Ortiz , founder of Zitro.
Zitro has presented in Lima, Peru, its new GLARE Family and has done so in an exclusive event in which its customers have been able to know the extensive and innovative product portfolio of Zitro for the Peruvian market, accompanied by a gourmet dining experience designed by the renowned chef Hector Solis, which has moved all attendees.

This event comes at the best moment for Zitro in Peru, after having obtained from the MINCETUR the homologations of the entire range of GLARE cabinets and games; as well as for the success of Zitro games throughout the country.

“We would like to thank all our customers for coming to our exclusive event in Peru, where the entire GLARE product range has made its debut exclusively for the Peruvian market. Undoubtedly, the event has been a great success, together with the gastronomic experience of Héctor Solís, has made Zitro shine more than ever with its brand new and innovative product line”, says Alejandra Burato, Zitro’s regional director for Latin America.

The Zitro event held on June 14 was a sensory experience for all attendees, where customers were able to taste a delicatessen menu with local delicacies. A meeting that will undoubtedly reinforce the results obtained by Zitro in the region and be in the way to become one of the leader gaming companies in the Peruvian market, as it is already in other Latin American countries.
The winning experience of MEGASHARE Lounge, the new MEGA KING multigame accumulation system and the brilliance of the new GLARE Family, Zitro’s latest launches in Mexico, have landed at Big Bola Casinos in Mexico.

The progressive jackpot functionality of MEGASHARE Lounge allows all players to win a part of the accumulated jackpot amount when it is hit by a player, sharing the prize and the excitement of a communal winning experience.

For its part, the debut of the GLARE Family has been made in a big way with almost 300 units of the new Altius Glare, Fusion Glare and Allure Glare cabinets which are shinning at Big Bola Casinos.

As for the new MEGA KING game, it has an innovative way of paying accumulated winnings that is being launched in Mexico and is exciting for its genius when it comes to distributing prizes.

“Zitro is a guarantee of success, each new launch of the brand is welcomed by our customers with great enthusiasm as has happened with MEGASHARE and the new GLARE Family which have burst into our casinos to fill them with fun, entertainment and mind-blowing aesthetics,” says Rafael Blanco, Commercial Manager of Big Bola Casinos.

“Big Bola is a priority partner for Zitro, which recognizes the value that our products bring to their gaming halls. I want to thank them for choosing our products to expand their gaming offer in their casinos in Mexico, a great bet for the future”, says Johnny Viveiros Ortiz, founder of Zitro.
LAS VEGAS (June 16, 2022) – Aristocrat Gaming and Seminole Gaming have leveled up once again with the launch of an all-new Dollar Storm featuring a progressive jackpot starting at $1 million. Building on the phenomenal success of the Dragon Link™ high-denomination slot and the launch of the $1 million Dragon Link progressive jackpot, the $1 million Dollar Storm slot game rounds out the star-studded lineup of high-limit player options.

The Dollar Storm $1 million progressive jackpot can be found exclusively at Seminole Hard Rock Hotel & Casino in Hollywood, Fla. and Seminole Hard Rock Hotel & Casino in Tampa, Fla. Each property will have linked progressive jackpots starting at $1 million.

Just one year ago, the $1 million Dragon Link progressive became a quick player favorite and made headline news when the same winner hit the jackpot twice in less than three weeks.

“First came the Dragon and now comes the Storm.,” said Juan Martinez, vice president of gaming operations for Seminole Gaming. “We are excited to offer the newest $1 million dollar progressive from Aristocrat. Since November 2021, we’ve had seven $1 million dollar winners on our Dragon Link machines across our Seminole Hard Rock properties in Hollywood and Tampa. We look forward to offering the $1 million progressive awards to an even larger audience with the new $5 minimum bet option.”

“We are ecstatic to debut the new $1 million progressive jackpot on Dollar Storm with Seminole Gaming,” said Jon Hanlin, senior vice president of commercial strategy and business analytics. “The addition of this game to both of these casino floors is another example of how Aristocrat continues to bring engaging high-limit content to slot players.”

Dollar Storm $1 million progressive jackpot at Seminole Hard Rock Hotel & Casino in Hollywood, Fla.
Click to download high-res image

Aristocrat’s $1 Million Dollar Storm slot game featuring a $1 million progressive jackpot will include denominations at 10 cents, 25 cents, 50 cents, $1, $2, $5. It has a minimum entry bet of only $5.
GREEN BAY, Wis. — June 15, 2022 — Paper Converting Machine Company (PCMC), part of Barry-Wehmiller, has partnered with International Game Technology (IGT), a global leader in gaming, to enhance its complex lottery instant ticket game printing process with PCMC's ION digital printing technology.

“IGT’s patented Infinity Instants™ lottery games that are printed using PCMC’s ION technology are revolutionizing traditional instant ticket printing,” said Keith Cash, IGT’s Vice President and General Manager of Instant Products and Services. “With this innovation, instant ticket players will enjoy a new level of entertainment, including a full-color play experience that brings the games to life like never before. Plus, the customization possibilities that come with digital printing allow tickets to be tailored for any player segment or retailer type. IGT chose to brand this product category as Infinity Instants because the possibilities provided by the technology are unlimited.”

In just seven months, PCMC’s digital print team—Eric Short, Fabio Girolami, George Safrany and Peter Kuschnitzky, along with Ben Klinter, who provided in-person start-up and operator training—delivered a complex high-speed ION inkjet system powered by Memjet’s DuraLink® technology, with a Navigator front end from Xitron.

“PCMC’s ION inkjet print engine is built using DuraLink components,” said Kuschnitzky, PCMC’s Digital Print Applications Specialist. “We designed a multiple-wide duplex print engine, which prints at full speed, in full color. Because IGT is printing in variable data printing mode, no ticket is exactly the same.”

PCMC’s ION digital printing solution can turn traditional analog presses into digital hybrid printing platforms. To meet specific customer challenges, PCMC is able to custom configure the components and modules.

“Our experience with IGT has opened the door for us to expand PCMC’s line of inline hybrid printing presses,” said Rodney Pennings, PCMC’s Director of Sales—Printing, Coating and Laminating. “A 36-inch press will be available in the fall of 2022.”
LAS VEGAS (June 15, 2022) – Gaming Laboratories International (GLI®) has again expanded its Client Solutions and Client Services teams with the additions of Steve May as Client Solutions Executive and Samuel Grunther as Account Executive.

May has an extensive background in pari-mutuel, racing, and compliance, and that wide-ranging experience will provide value to GLI’s clients. Before joining GLI, he was Executive Director of the Minnesota Racing Commission. He has also served as Director of Pari-Mutuel Wagering and Compliance for the Kentucky Horse Racing Commission, and Vice President/Business Manager for the Association of Racing Commissioners International. He is accredited to officiate thoroughbred, quarter horse, and harness races throughout North America.

Senior Vice President of Government Affairs and General Counsel Kevin Mullally said, “Steve May has been a successful problem-solver throughout his career, and we are fortunate to have him join the GLI team. He is known for playing an essential role in developing a regulatory framework for historical horse racing. However, his technical acumen and knowledge of developing and implementing compliance programs will greatly benefit a wide array of our clients. He has earned the trust of both regulators and the industry, and we are grateful to have him on the team.”

Grunther has a sound history in the iGaming and sports betting industry, and in his new role at GLI, he will provide ongoing commercial and client support to both suppliers and operators in the space. Previous roles included Conduet, where he served as Client Relations and Conversations Specialist; FanDuel, as Customer Operations Agent; Guest Relations Operator at Madison Square Garden; and Ticket Operations Associate for the New York Yankees.

Vice President of Client Services Salim L. Adatia said, “Sam’s strong knowledge and understanding of the sports media landscape, coupled with his experience collaborating cross-departmentally within companies spanning iGaming and sports betting, will allow him to hit the ground running and immediately contribute to satisfying the needs of our quickly growing list of valued clientele, thereby illuminating their path for their success and growth.”

Discover a world of opportunity at gaminglabs.com/careers.
Madrid’s emblematic Bingo Canoe celebrates the arrival of Zitro’s GLARE Family. Customers of the Madrid bingo hall now enjoy Zitro’s most innovative cabinets: Altius Glare, Fusion Glare and Allure Glare. These are a wide range of novelties that have been very well received by the customers of Codere Group’s bingo hall.

Among the factors that have contributed to this welcome are the new cabinets, with a striking aesthetic, a brighter display, more space for the player and high quality details. In addition, the multi-game featured also stand out, connecting with customers with a unique and innovative gameplay mechanics. For example, Wheel of Legends, an unprecedented multi-game in which players will experience a totally different game dynamic to what they have experienced so far. Far West, on the other hand, is a multi-game that makes winnings multiply faster thanks to its endless rounds of free games, and Bashiba Egyptian, the new multigame that, set in Egyptian mythology, has a very special multiplier that increases prizes up to x 10.

José Manuel Vázquez, director of Bingos at Codere España, emphasized that “at Codere we never cease in our efforts to provide the best response to our customers, placing them at the center of our strategy. This is the key to our company’s leadership. To this end, we incorporate to our offer the most innovative gaming options, as is the case of the latest market launches of the new Zitro GLARE Family, which is being very well received by the demanding public of our gaming hall”.

Vicente Fernández, Zitro’s commercial director for Spain, expresses his gratitude to Codere “for the trust it always places in us and in our most innovative products. What is now coming to Canoe is a variety of products with totally new game mechanics, which will not fail to entertain all types of bingo players”.
MONTREAL, June 14, 2022 /PRNewswire/ -- AXES.ai ("AXES" or the "Company") announces the appointment of Serge Beauchemin to the Board of Directors. Mr. Beauchemin will serve as head of the Technology, Information and Security Committee.

Serge Beauchemin is the Managing Partner of AQC Capital, a venture capital investment firm well known in Quebec for its partnership with the Anges Québec network. Mr. Beauchemin has a solid track record as an entrepreneur. At the age of 22 he co-founded 3-SOFT, one of the largest resellers of Microsoft products in Canada. The company was sold when it exceeded 75 million in revenue. His passion for entrepreneurship then led him to invest in several companies that became well-known in Quebec, including Strøm Spa, BonLook, Devolutions, Toast-Avanti and others. His business acumen and human-centric values were demonstrated to the public during his participation in the TV show "Dragon's Den" in French on ICI Radio-Canada for six consecutive seasons.

"AXES is a flagship investment in AQC Capital's portfolio," said Serge Beauchemin. "Its global reach and strong presence within the international committees that determine the standards and regulations in the industry make AXES a world leader in its niche. I am very happy to join the board of directors to contribute to the growth and acceleration of a company founded in Quebec with very strong international potential."

"We are delighted that Serge accepted to join the AXES Board of Directors," stated Guy Crevier, AXES.ai Chairman of the Board. "AXES is in a pivotal moment in its growth. Serge's experience and expertise will be invaluable assets to the future success of AXES."
GAN Ltd. (NASDAQ:GAN) announced today it is extending a previously announced $5 million share repurchase program. The move potentially provides some relief to its badly battered shares.

The gaming technology provider said it’s pushing the deadline of the previously announced buyback plan to Nov. 30.

The repurchase plan, which was announced last December, was slated to expire on May 31. GAN didn’t say how much of the $5 million remains.

The buyback is GAN’s first shareholder rewards program since its May 2020 initial public offering (IPO). Formerly GameAccount Network, the company provides software-as-a-service (SaaS) solutions for iGaming and sportsbook operators.

GAN’s decision to extend the buyback could ultimately prove to be the right call because, like other gaming equities, the stock is being pummeled. The shares plunged 8.41% today, extending a slump that’s seen the stock shed more than a third of its value in the current quarter and two-thirds of its value on a year-to-date basis. GAN stock has been lower by 82.9% over the past 12 months.

With today’s close at $3.05, GAN could affect a significant outstanding share reduction, depending on how much remains on the buyback effort. The company has 42.25 million shares outstanding.

“The actual timing, manner, and number of shares repurchased under the program will be determined by management at its discretion, together with further discussions with the board, and will depend on several factors, including the market price of GAN’s common shares, general market and economic conditions, alternative investment opportunities, and other business considerations,” adds the company.

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article by Todd Shriber of Casino.org