Weekly iGaming News

Hello, iGaming professionals!

Welcome to another edition of our newsletter, where we bring you the latest updates from the world of iGaming. Here are the top stories you need to know this week:.

3 Oaks Gaming Partners with WA.Technology to Expand iGaming Content

3 Oaks Gaming has announced a strategic partnership with WA.Technology, a platform provider that is quickly gaining traction in the iGaming sector.

Key Highlights:

• ?Global Reach:?3 Oaks Gaming's slot games will be integrated into WA.Technology's platform, broadening their distribution across global markets.
• Game Portfolio:?Titles like "Grab More Gold," "Lamp of Wonder: Hit the Bonus," and "Coin Up: Lightning" will be featured on the platform, which already hosts over 4,500 games from more than 50 suppliers.
• Strategic Growth:?This partnership follows 3 Oaks Gaming's recent entry into the Romanian market, furthering their expansion strategy.

Sebastian Damian, Managing Director at 3 Oaks Gaming, expressed excitement about the collaboration, highlighting the opportunity to reach a wider audience and showcase their diverse range of slot games.

Imagine Live Receives Approval from the Swedish Gambling Authority

Imagine Live has secured a gambling licence from the Swedish Gambling Authority, allowing it to offer its gaming portfolio in Sweden.

Key Highlights:?

• Regulatory Approval:?The licence enables Imagine Live to expand its operations in regulated European markets, reinforcing their commitment to compliance and consumer safety.
• Game Offering:?The licence covers a suite of live dealer games, including blackjack, baccarat, and roulette, as well as innovative game-show-style offerings like "Robin The Fair."
• Strategic Partnerships:?This approval follows a partnership with SoftGamings, allowing Imagine Live’s games to be integrated into their platform and accessible to a broader audience.

?The approval reflects the Swedish Gambling Authority’s commitment to ensuring that all gambling activities are conducted by licensed operators, further strengthening Imagine Live’s presence in Europe.

SkillOnNet Receives Licence to Operate in Peru

SkillOnNet has been granted a licence to operate in Peru, marking its entry into the newly regulated Latin American market.

Key Highlights:

• Regulatory Milestone:?The licence, granted by Peru's Ministry of Foreign Commerce and Tourism (MINCETUR), allows SkillOnNet to offer its casino games to Peruvian players via its flagship brand, PlayUZU.pe.
• Market Expansion:?SkillOnNet continues to grow its presence in Latin America, having recently launched operations in Mexico and Buenos Aires City.
• Content Expansion: SkillOnNet has also expanded its game library in Ontario, adding titles from the UK-based 1X2 Network and IGT PlayDigital, enhancing its offerings for the Canadian market.

This licence positions SkillOnNet to capitalise on the emerging opportunities in Peru’s regulated iGaming sector, further strengthening its global footprint.

Nuvei to Acquire Brazilian Licensed Payment Institution Pay2All

Nuvei has announced its plans to acquire Pay2All Institui??o de Pagamento, a licensed payment institution in Brazil, marking a significant step in its Latin American expansion.

Key Highlights:

• Strategic Acquisition:?This move allows Nuvei to provide payment services in Brazil, including processing PIX transactions and managing e-wallets and betting accounts.
• Market Potential:?Brazil’s iGaming market is expected to reach $1.97bn in 2024, with an annual growth rate of 15.39% through 2029, offering substantial growth opportunities.
• Global Expansion:?The acquisition aligns with Nuvei's strategy to strengthen its presence in the Latin American region, following its $1.3bn acquisition of Paya Holdings last year.

Philip Fayer, Nuvei's Chair and CEO, emphasised the importance of this acquisition in Nuvei’s global expansion strategy, particularly in the rapidly growing Brazilian market.

That’s all for this edition of our newsletter. Stay tuned for more updates and insights from the iGaming industry. Until next time!

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Best regards,

CrunchEquation’s Team