Casino Grounds
R/casinogrounds: for casino discussion. Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. CasinoGrounds.com started as a project to create a community for Casino streaming enthusiast and gamblers in March 2016. The founders is Kim aka LetsGiveItASpin. The award-winning Turning Stone Casino Resort is nestled in the heart of Central New York. The 3,400 acre resort features luxurious hotel accommodations, a full-service spa, gourmet and casual dining options, celebrity entertainment, five diverse golf courses, an exciting nightclub, and a world-class casino.
Relax Gaming, igaming aggregator and supplier of unique content, has been selected by the industry’s largest collective streamer site, CasinoGrounds, to develop a unique, player-led slot game.
The supplier will custom-build the title based on CasinoGrounds’ specifications with the respective teams working closely together to bring the vision to life.
Set to launch in Q4 this year, the game will include multiple features guided by the streamer’s extensive experience playing a wide range of titles and vast industry knowledge gathered through its large community of slot enthusiasts.
CasinoGrounds, which was established in 2016 and backed by LeoVentures the following year, is one of the largest marketing affiliate companies in the online casino sector, which is reflected in the millions of views on their Youtube videos month on month.
The collaboration will build on Relax Gaming’s collection of in-house developed content, which has grown consistently with top-performing titles such as Temple Tumble, Money Train, Snake Arena and Hellcatraz since the company opened its first studio four years ago.
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The latest addition to its portfolio, Money Train 2, has already smashed records since its launch on September 2nd and featured in a CasinoGrounds tournament where three streamers, Letsgiveitaspin, Slotspinne and Daskelele battled to claim the highest payout and win a €7,500 prize.
Simon Hammon, Relax Gaming CPO, said: “CasinoGrounds is a pillar of the affiliate sector and we are proud to have been chosen to transform the team’s great ideas into something really special.
“Being able to take the knowledge they have at their disposal and work with them has been a pleasure. We’re also humbled that this collaboration came about as a result of the reputation our talented studio teams have secured in a relatively short period, and our willingness to go above and beyond to deliver on promises.”
Tobias Svensen, CEO at CasinoGrounds said: Relax is and has been a great partner in this project and we choose to work with them because of the level of experience demonstrated by their team, but also because of the respect that the company has for our community and willingness to listen along with the understanding that comes with that.
This is a game that is made by players for players and we are really looking forward to seeing the game live and played by our fans and community.”
This year Relax Gaming is celebrating its 10th anniversary, marking a decade of quality service to the industry’s leading online casinos. The company supplies its partners with a growing library of over 1000 proprietary and third-party studio games through a quick and simple integration.
The Swedish online casino operator has finalised a deal to purchase a 51% majority stake in the streaming network CasinoGrounds.
LeoVegas agreed to pay an initial SEK30m (£2.7m) in December 2017 but has now completed the deal. The agreement includes a potential maximum earn-out payment of SEK15m (£1.3m). The extra payment is based on revenue performance during the period from January 2018 to June 2018. LeoVegas, following its own assessment, expects the full earn-out payment will be made.
The computer setup of an online slots streamer ©CasinoGrounds
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The Stockholm-based company, founded in 2011 by Gustaf Hagman and Robin Ramm-Ericson, also has the option to purchase an additional 29% of the shares in 2021 or 2022 at a figure of five-times operating profit.
CasinoGrounds provides a platform and social hub for online casino players interested in live streaming slots and casino games via video-sharing platform YouTube and streaming service Twitch. Streamers play a variety of games whilst providing commentary and responding to comments from viewers.
The site also features casino news, a forum and guides on the online gambling industry. It also reviews online casinos and acts as an affiliate, driving traffic to operator websites.
CasinoGrounds has created a new niche through its live streaming and social platform, which are highly appreciated by players.– Gustaf Hagman, Group CEO, LeoVegas
Gustaf Hagman, group chief executive of LeoVegas, said: “In CasinoGrounds we see a new behaviour in which persons interested in casino are watching others play casino via YouTube and Twitch.
“The combination of proprietary content and the moving picture format create exciting opportunities going forward and is in line with LeoVegas’ strategy to be an innovative and entrepreneur-driven company.”
The deal follows LeoVegas’ takeover of Royal Panda for a fee reported to be around €60m (£53m) in October last year. Since launching six years ago, LeoVegas has achieved huge success. In 2015, four years into its life as a company, LeoVegas was already pulling in €83m (£73m) in revenue.
The acquisition was made through LeoVentures, a subsidiary of LeoVegas.