In this consolidated geographic report, We take a look at the new innovative game engine from raw iGaming from Malaga which expands the company’s repertoire of game-changing slot mechanics – but when does a game with no spinning reels in slots with streaks of reel symbols stop being a slot and become something else entirely? We leave that question to the reader.
With the recent release of large bonds, we have also looked at the commercial side Spanish gaming giant Cirsa, Blackstone estateworth 650 million euros (more than 700 million US dollars), which the company intends to use to pay off part of its debt.
And finally back to the games for the people with the announcement that SkillOnNet published Slingo gamesa popular mix of slot machines and bingo, in the Spanish market PlayUZU and more than two dozen other casinos in Spain that own content or provide services with them.
RAW iGaming Mechanical Throw Super Symbols
RAW Group’s in-house studio, RAW iGaming, has released another game changer Innovative mechanics that drive away boredom, SuperSlice, SuperTracks and SuperStretch. The new way of playing online slots is called SuperSymbols.
With this mechanic, adjacent matching symbols in groups of at least 2×2 symbols merge into larger shapes for higher payouts, expanding when the matching symbols land next to the SuperSymbol.
Payment is based on pixel countSimply put, the bigger the symbol, the bigger the payout! The concept is easy to see and understand even on a small handheld device, offering players a whole new way to experience the game.
However, Super Symbols are not a standalone phenomenon within the games they appear in, but can also be combined with additional bonus features such as progressive multipliers, cascading symbols, free spins and more. Players will first find the new mechanic in Powerful Buffalo SuperSymbolsthe latest version of the company, and should appear next in the next Frenzied Super2Wayswhich will be released soon.
Slowly but surely, RAW is rewriting the history books of how online games can be played and how winnings are paid out.
The company’s first major mechanical innovation was the engine. SuperSlice. This innovation uses slices of a wheel instead of reel strips with symbols to match, while the SuperTracks® engine uses tracks or paths to represent wins.
Tom Wood, CEO of RAW Group, said the company’s commitment to bringing players new experiences and disrupting the “status quo” with innovations like these has helped establish the company as a “must-have” for big players Online gaming provider is viewed around the world.
“At RAW we see ourselves as a pink shark in the sea of equality and do our best to create new player experiences through compelling mechanics. SuperSymbols is a great addition to our mechanic list, mainly because it’s so easy to understand, which isn’t always the case with last-gen mechanics.”
“It’s features like these that have allowed us to differentiate ourselves, not through novelty, but through delivering engaging and immersive experiences that players genuinely enjoy. SuperSymbols™ will appear in some truly amazing games over the coming months and we hope players will see the symbols merge and expand and the big wins follow.”
Cirsa completes $700 million bond sale to repay 2018 bond issuance
Spanish gambling giant Cirsa was reportedly recently planning to offer almost $1 billion in bonuses, which are due this year. The tranche would repay all Senior Secured Notes issued in 2018 at an interest rate of 6.25%. accordingly CDC Gaming Reports.
The variable-interest bonds with a term until 2025 would also be paid out if the full sale was successful. Unpaid interest and accrued costs for both vehicles would also be settled. Barclays, Credit Suisse and Deutsche Bank were among the named banks that led the placement. Other financial institutions that screened investor interest and helped set the price included BBVA, Jefferies and UBS. The new bonds would mature in 2028 as expected in the company’s announcement.
The company’s recent placement in October 2022 drew more interest than expected and resulted in a better price than Blackstone expected for the upcoming vehicles with $462 million in notes, despite advisors only coming up with $380.5 million -dollars were counting. These bonds mature in 2027 and have been purchased by more than 70 different investors around the world.
The company had a good year in 2022 and was finally able to turn around from a downtrend mainly caused by Covid. It posted operating income of $1.9 billion and ended the year with operating income of $600.7 million. Slots was the company’s top contributor to revenue, with earnings before interest, taxes, depreciation and amortization (EBITDA) of $267.47 million.
Third in the revenue generation race was gaming, which grew about 80% and hit a quarter billion dollars for the company. Once Cirsa went live, things started looking brighter and brighter with a Q. Increased 2023 operating income by more than $500 million, or 29.2%, compared to the prior-year first quarter. The profit tripled at this volume to just over twenty million dollars.
Cirsa continues its global acquisitions strategy with the opening of a new casino in Mexico, as well as a traditional gaming operator and an online sports betting operator in Italy, all included in the 2022 growth figures, along with the closings completed in 2022 as a Moroccan casino ( Tangier), a majority stake in E-Play24 (Italy) and the fifth largest online sports betting operator in Mexico, Ganabet.
Blackstone acquired Cirsa in 2018 for about half the company’s valuation from early May, when private equity firm Cirsa bought in May in an IPO. However, due to the instability, volatility and turmoil in the international banking sector, which has not yet fully settled due to various factors that many investors still see at play, there appear to be no plans to further activate the public offering. However, some observers and analysts believe that the turmoil and deflationary effects at Credit Suisse and Silicon Valley Bank will subside and IPOs will progress before the start of 2024.
Spanish SkillOnNet network launches Slingo!
There are over 3,000 arcades and bingo halls in Spain, many or all of which are home to large companies such as Zitro and IGT. With that in mind, it’s no surprise that a global online operator like SkillOnNet, with over 30 online casinos in the country, decides to offer Slingo games there, particularly on its main site PlayUZU, a brand that has become almost a household name in Spain is.
Slingo games are all about fun and fusion. They are unique in their mechanics and offer a kind of hybrid model of bingo and slots in one game. Some of the world’s most popular titles include Slingo Extreme and Slingo Rainbow Riches. UK players can now find these titles as well as branded games like Slingo Monopoly and Slingo Deal or No Deal at their favorite SkillOnNet online casinos.
SkillOnNet casinos are also found in other kingdoms such as the UK and increasingly across Europe including Germany and Portugal.
SkillOnNet Games Director Jani Kontturi said so in a recently prepared statement slingo it was a “great success” in each new market where the company has launched them and is confident that the same will happen in Spain.
He continued: “Above all, we are delighted that the games that revolutionized the online casino space almost 30 years ago are finally coming to Spain. When it comes to bringing bingo, slots and social gaming together, Slingo is the original and still the best.”
gaming areas owns the intellectual property of the Slingo brand. Ian Ribson of the company said of the partnership: “We look forward to further expanding our successful partnership with SkillOnNet and bringing our high-quality titles to the market together with Slingo.es. Slingo.es has already proven successful in other countries like the UK and will offer players a family-friendly platform to enjoy a variety of industries and games.”
“The Spanish market has seen tremendous growth for the Slingo brand in recent years and launching our advanced platform there, while offering even more places to enjoy our portfolio, will allow both new and existing players to thrive to get acquainted with our offer.”
Slingo too recently introduced in Portugal and Spain in the Golden Park.
Spring: SkillOnNet launches Slingo games for the Spanish online marketG3 Newswire, July 6, 2023
