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A fast-growing distributor of online gaming material, 3 Oaks Gaming, has signed an agreement with creative game developer Big Time Gaming (BTG) to feature their popular Megaways slots in their own catalogue. When BTG initially developed these sorts of slots, it completely changed the face of online gambling. The game’s unique mechanism gives players 117,649 different possibilities to win when they spin the reels. It has not lost any of its appeals over the years, as seen by the fact that numerous operators have developed their very own specialised subpages for games that use the mechanism.
Who are Big Time Gaming?
As a forward-thinking gaming studio, Big Time Gaming got its beginnings just over ten years ago, in 2011. Nik Robinson, Big Time Gaming’s Founder and CEO, is responsible for its invention. With his perfect blend of business expertise and creative ideas, along with the technical guidance of Huw McIntosh and the innovative drive of Ian Schmidt, BTG evolved into the superpower it is now.
A leading company in this sector, Evolution, came to an agreement in 2021 to purchase the whole of Big Time Gaming’s issued share capital for a price that was to be paid in cash and Evolution shares.
Following the successful conclusion of the transaction, the board of directors of Evolution made the decision to issue a total of 1,105,032 shares. In deviation from the shareholders’ preferential rights, the right to subscribe for the new shares accrues to the sellers of BTG who have adhered to the shares against the set-off of their €140,030,000 receivable against the newly issued shares.
The price of subscription for the issue is set at €126.72 per share, which, in accordance with the agreement in regard to the transaction, is equivalent to the volume weighted average price of the Evolution share on Nasdaq Stockholm during the period beginning on the 23rd of March and ending on the 7th of April 2021.
An Overview of 3 Oaks Gaming and the Benefits of such a Partnership
With a team of strategic thinkers, 3 Oaks Gaming aims to become the premier content distributor within the regulated online gaming sector. 3 Oaks Gaming was founded in 2021 and is managed by a team of executives that together have decades of expertise in the business.
The new relationship helps to further solidify what is already an extremely promising future for 3 Oaks Gaming. The Isle of Man-based firm recently completed the acquisition of the intellectual property of a number of international slot developers, and it plans to continue expanding its current game selection over the course of the next months.
In one of his most recent news releases, Sebastian Damian, the Managing Director of 3 Oaks Gaming, stated: “We are very pleased to have partnered with the innovative games developer Big Time Gaming and secured the rights to utilise the hugely successful Megaways™.
3 Oaks’ arrangement with Big Time Gaming follows a similar pact signed earlier this month by Kalamba Games that authorised the online slot supplier to include the Megaways mechanism into their game releases.
The Future of Megaways Slots at 3 Oaks Gaming
The appeal of the feature is not showing any signs of losing steam, and there is still a strong demand for it from gamers in a wide variety of jurisdictions. The incorporation of Megaways™ will catapult their product to a new level, ensuring that 3 Oaks Gaming will become an essential supplier of content for a myriad of brands in all regulated markets.
