News

Fladgate LLP has advised leading B2B gaming platform Playzido on its successful EIS-qualifying equity fundraising round involving 11 new investors and on related arrangements with its founding shareholders Endemol Shine Group, Black Cow Technology and Carmichael Holdings.

Playzido operates an open B2B platform in the online gaming sector, and supplies a remote gaming server to betting and social gaming operators. In addition to providing a portfolio of entertaining games from some of the most exciting game developers, Playzido also delivers a selection of innovative marketing features, empowering operators to market to their customers in new and engaging ways.

Corporate partner Jamie Hamilton said, “Playzido is an exciting business that uses premium software and technologies to bring gaming and betting together. Its innovative nature is the foundation of the business, which brings a fresh approach to the market and we are very pleased to be supporting Playzido in this important fundraise.”

Stuart Banks, Managing Director at Playzido commented, “This equity fundraise is a significant boost to Playzido and provides us with essential funds to pursue the next stage of our growth. We have been impressed with the flexibility, responsiveness and tenacity of the Fladgate team throughout.”

The Fladgate team was led by Jamie Hamilton, who was assisted by commercial partner Alex Haffner, corporate associate Eleanor Green and trainee Joshua Bennett.

Fladgate has advised a variety of matters in the gaming sector, including advising:

• Leading online casino game software supplier Red Tiger Gaming Limited on its sale to digital entertainment company NetEnt
• Noozhoo Nokiiyan LP on its investment in Sonco Gaming UK
• An international private consortium on the purchase of GlodBlue Ltd from Swedish iGaming holding company GoldBlue AB