Canada
ESE Entertainment Completes Acquisition of Gaming Production Company, Bombee Americas
ESE Entertainment Inc., a gaming company that provides a range of services to leading video game developers and publishers, has announced that it has acquired Bombee Global Entertainment Ltd. (Bombee Americas), the North American arm of Bombee Event Production AB, (Bombee), a global production company specialized in live production, special effects, broadcast, and event management for the gaming sector.
Bombee has successfully collaborated with ESE to bring its premier event production services and world class customer service to North America and beyond. The North American arm of Bombee, Bombee Americas, will continue to grow and scale in this new organizational structure under ESE, while maintaining its entire team and global support.
Konrad Wasiela, CEO of ESE, said: âToday marks the next stage of ESEâa 2.0 version of our company. With the acquisition of Bombee Americas, we are not only solidifying our presence in North America but also paving the way for growth and innovation in the gaming industry. This is a major step, positioning us to deliver even greater value to our partners and elevate the gaming experience for our clients globally. Weâre thrilled about the opportunities ahead and the exceptional talent joining our team.â
Transaction Terms
The Acquisition was completed by way of a share purchase agreement (the SPA) among the Company, Bombee Americas, and the shareholders of Bombee Americas (the Vendors). Pursuant to the SPA, ESE acquired all of the outstanding shares of Bombee Americas in exchange for: (i) $750,000 in cash paid on closing, (ii) $375,000 in cash to be paid six (6) months following closing, subject to customary adjustments based on the working capital of Bombee Americas on closing, (iii) $375,000 in cash to be paid twelve (12) months following closing, and (iv) 30,000,000 common shares of ESE (the Consideration Shares), issued at a deemed issue price of $0.10 per share.
In connection with the Acquisition, the founders of Bombee Americas have signed three-year service agreements and will continue to run the business following the closing, along with the rest of the personnel of Bombee Americas who will remain in place, ensuring a smooth transition of operations. As part of the Acquisition, the Company has acquired the liabilities of Bombee Americas, mainly consisting of customary current obligations incurred in the ordinary course of business for Bombee Americas, which are not expected to have a material impact on the Companyâs operations or financial position.
No finderâs fees were paid or payable in conjunction with the Acquisition.
The Acquisition was an armâs length transaction within the meaning of the policies of the TSX Venture Exchange (the Exchange) and constituted an âExpedited Acquisitionâ in accordance with Exchange Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets. The Acquisition remains subject to the final approval of the Exchange.
Canada
The Grand Traverse Band of Ottawa and Chippewa Indians Plans to Open a Gaming Facility in Benzonia
The Grand Traverse Band of Ottawa and Chippewa Indians plans to open a gaming facility in Benzonia.
âThe Grand Traverse Band of Ottawa and Chippewa Indians wishes to share with the public the exciting news that the tribe will open a new gaming facility on its trust land in Benzie County. The facility will create much-needed new employment opportunities and stimulate economic growth for the tribe and for the local community,â reads an undated press release on the tribeâs website.
The gaming facility will be located at the tribeâs community center at 7282 Hoadley Road, in Benzonia, according to the release.
At the Nov. 26 Benzie County Board of Commissioners, John Petoskey spoke to commissioners about the gaming facility on behalf of the tribe.
Petoskey said he had been in contact with county officials about the gaming facility.
âWhat the tribe would like to do is to open a gaming facility on Hoadly Road just down the street from the Wesco gas station,â Petoskey said.
He said the tribe submitted a notice of notification to the National Indian Gaming Commission and the Office of Indian Gaming in the summer of 2023.
âIn the view of the tribe, this site is eligible for gaming under the Indian Gaming Regulatory Act under what’s know as restored land exception to the categorical prohibition of gaming after 1988. That was basically the same argument the tribe used for Turtle Creek and was successful in that case,â Petoskey said.
He said state officials also have been notified of the tribeâs intent.
Petoskey said federal officials had 120 days to review the notice and object.
âAt this point, they have not raised objections, so our internal gaming commission at the Grand Traverse Band issued a gaming license on Nov. 21,â he said.
He said after the license was issued, the tribe reached out to Benzie County officials so that they would know what was going on at tribal land and could answer questions from the public.
The tribal center will be renovated to accommodate gaming The tribe also has a housing development on the property.
Petoskey said the facility will feature slot machines and table games.
Work on the renovation has already started, including electrical and architectural work.
Expanded parking may be constructed if âdemand is sufficientâ Petoskey said.
He also said the gaming facility would create between 20 and 50 jobs.
Canada
Bojoko.ca Celebrates Record-breaking Month in October 2024
Bojoko.ca, a leading online casino comparison site in Canada, has announced its best-ever performance since launching in 2021. October 2024 marked a new milestone for the platform, recording the highest number of First Time Depositors (FTDs) and the most significant commission earnings in its history.
The number of FTDs surged with 35% growth from what was already the all-time best result in September. This achievement cements Bojoko.caâs position as a trusted leader in the Canadian iGaming industry, providing users with transparent and user-centric resources for finding the best online casino experiences.
In addition to the record-breaking FTDs, Bojoko.ca saw its highest-ever monthly commissions, underscoring the platformâs exceptional performance and the trust it has built with users and partners.
Joonas Karhu, CEO of Bojoko, said: âThis is a proud moment for Bojoko.ca and the entire team. Since launching in 2021, our mission has been to empower our users to discover safe casinos that match their criteria, and this record-breaking month demonstrates that we have earned the trust of Canadian players. We could not be more excited and are more committed than ever to raising the bar in the iGaming industry.â
Canada
awager Partners with Loto-Québec to Launch Advanced Live-Stream Slot Solution
awagerâs live-stream solution brings physical slot machine games online, delivering an authentic casino experience remotely. Today, awager proudly announces the launch of its latest product version with Loto-QuĂ©bec. Building on two successful years with awagerâs second product version, this latest release introduces an advanced solution that brings the realism of the casino floor to playersâ devices, offering an even more immersive experience through awager’s enhanced technology.
This product launch features awagerâs unique âCasino-in-Casinoâ solution, part of a suite of offerings designed to deliver real-time, physical casino experience. A dedicated studio has been built on the Casino de MontrĂ©al floor.
This product version aims to bring the most authentic online casino experience yet. With a multitude of camera angles, real-time player engagement, full machine interaction, 4K video streaming with minimal lag, and full sound capture, players can enjoy an immersive session that captures the spirit of the casino. Additionally, a 3D video simulation was created, allowing players to “walk through” the Casino de MontrĂ©al when they enter the awager lobby, providing a true-to-life ambience for a realistic experience.
This launch strengthens a partnership with Loto-QuĂ©bec that began in 2022, when awagerâs second product version first captivated players. With its third version now live, awager and Loto-QuĂ©bec are set to continue their successful collaboration, elevating digital casino gaming for players across QuĂ©bec.
Warren Steven, GM of North America for awager: We are proud to work alongside Loto-QuĂ©bec and to provide the province’s players with the most advanced and exciting casino technology on the market.
We truly believe that the third version of our product is the most innovative yet and that there is nothing else quite like it on the market. It immerses players in the online casino environment and provides a unique experience, blurring the line between land-based and online casino action.
The Canadian market is a key strategic market for awager in North America, and it is a privilege to work alongside Loto-Québec and provide its customers with this exciting new experience.
François Hardy, Senior Director of Products and Innovation at Loto-QuĂ©bec: At Loto-QuĂ©bec, we are always looking for new and exciting ways to entertain our players. We want to be able to provide them with the latest technology and gaming on the market. Awagerâs product perfectly aligns with this vision, enabling us to provide a refreshing and dynamic experience to our players.
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