Investment Round for Manc Games

January 2023 Manc Games is an Istanbul-based mobile game company which announced that it has secured an investment commitment of USD 50 million from a digital asset investment firm. The Turkish mobile game maker said the investment will be used to become a global brand in the gaming space. According to the company representatives’ statements, the company is rapidly growing and its expected growth rate to achieve is over 25 million downloads by the end of 2023. Manc Games is adapting its games to Web3 and metaverse and aims to become a global name in the near future.

Investment Round for Ace Games

January 2023 Ace Games, a mobile gaming company with a vision to make games that are played by everyone around the world, completed its recent investment round in November 2022. Ace Games has raised a total of USD 40 million in funding over 3 rounds. Ace is formed of veterans from other game companies such Dream Games and Playrix, it was founded by Hakan Bas, formerly of Peak Games.

DTB Supports Entain in the Largest Acquisition of all Times in Croatia and Wider Region

November 2022 Divjak, Topic, Bahtijarevic & Krka are proud to announce that after obtaining all regulatory approvals, Entain Plc., a global sports-betting, gaming, and interactive entertainment group, completed the takeover of SuperSport Group, the leading Croatian gaming and sportsbook operator with a 54% market share. This transaction is the largest all-time deal in the CEE region, with the value of the consideration of approximately €920 million and its implications exceeding not just Croatia, but also the entire CEE region. The acquisition was made through a partnership with EMMA Capital,…

NNDKP Assists International Game Technology PLC (IGT) in the Acquisition of iSoftBet

September 2022 Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted International Game Technology PLC (IGT), one of the global leaders in gaming, in a multi-jurisdictional transaction for the acquisition of iSoftBet, an online games supplier and content aggregator. The transaction included the jurisdictions of Cyprus, the Czech Republic, Malta, Romania, and the UK and the total deal value amounted to approximately EUR 160 million. NNDKP provided legal assistance with the Romanian law aspects regarding the local entity and was involved in all stages of the transaction, from…

Investment Round for Agave Games

September 2022 Mobile game start-ups, which have become one of the most popular areas of our start-up ecosystem, come up with a new investment every day. Agave Games, which completed its pre-core investment round in September of 2021, announced that it has received a new investment. According to the information provided by Agave Games, the venture received an investment of USD 7 million in the seed investment round. Agave Games' USD 7 million seed funding was led by London-based Balderton Capital, which was among the investors of Dream Games, one of the most important initiatives of Balderton…

Investment Round for Spyke Games

September 2022 Spyke Games' new investment was announced in live broadcast. According to the information provided by Spyke Games, the start-up received a total investment of USD 55 million in the seed investment round. Spyke Games' seed funding of USD 55 million was made by Griffin Gaming Partners. According to the information provided by Spyke Games, the investment of USD 55 million will be used for the launch and development activities of the game, as well as growing the team of the start-up. It is aimed to increase the team members 2 - 3 times in the coming months.
November 2021 BDK Advokati contributed to the 2021 edition of the Chambers’ Global Practice Guide on gaming law. The authors of the Montenegrin chapter are Luka Popović, partner, and Stefan Đurović, junior associate in BDK Advokati Montenegro. The chapter provides a detailed overview of the permitted online and land-based types of games of chance in Montenegro, licensing conditions and procedures, license fees payable by operators, and other relevant aspects of the Montenegrin regulatory regime for the gaming industry. The Montenegro chapter of the Chambers Gaming Law 2021 guide can…

Sports Law Disputes in Turkey and Europe Webinar

Join KDK's webinar on Wednesday, 3 November, to explore sports law disputes in Turkey and Europe. This webinar, which has been organised by Istanbul Bilgi University, The Solution and Kolcuoglu Demirkan Kocakli, will feature presentations from Herve Le Lay of Brown Rudnick LLP, Jean-Louis Dupont of RocaJunyent and Prof. Dr. Hatice Ozdemir-Kocasakal of the Galatasaray University Faculty of Law. Okan Demirkan will moderate the session. Topics of the presentations will include: - Player’s Contracts: Topical Litigious Issues in View of CAS Case Law; - Internal Judicial Bodies and Arbitration in…
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eSports in Serbia and Montenegro: Selected Legal Issues

October 2021 eSports is a fast-growing segment of the larger industry of video gaming, and with the ever-increasing viewership base, it threatens to surpass the popularity of traditional sports. There are various stakeholders involved, like game developers and publishers, event organisers, leagues, teams, players, streamers, and sponsors, and there is a multitude of legal matters to be considered when engaging with the industry. It is also reasonable to expect that the growing popularity will eventually lead to the regulation of the industry, similarly to its traditional counterpart. To the…

Polenak Law Firm Advised Singular And Its Owners

September 2021 As another proof of interest to invest in the IT sector in North Macedonia, Flutter Entertainment, a global sports betting, gaming, and entertainment provider, acquired 100% indirect ownership in Singular group of companies based in North Macedonia, Georgia, and Malta. Polenak Law Firm advised Singular and its owners on the transactional documents under Macedonian law. Also, our Regulatory & Compliance team advised the client in the complete harmonisation with the newest personal data protection requirements introduced with the new Data Protection Law which is now fully harmonised…

New Investment Round for Dream Games

September 2021 Dream Games has become the new unicorn of Turkey that has a valuation of USD 1 billion, with an investment of USD 155 million in its last investment round. Thus, the total investment that has a Dream Games has received so far is USD 212 million. In the statement made by the company, Index Ventures and Makers Fund were the biggest investors in the series B investment round, while Balderton Capital, IVP and Kora also invested in the company. Dream Games had previously raised USD 7.5 million led by Makers Fund in November 2020 and USD 50 million led by Index Ventures in February…

The SEE Legal Member Firms Worked on Four of the Deals Shortlisted for the 2020 CEE Legal Matters Deal of the Year Awards

CEE Legal Matters announced the finalists for the CEE 2020 Deal of the Year Awards. The following SEE Legal members have participated in one or more of the four of the shortlisted deals: KALO & ASSOCIATES, Maric & Co, Divjak Topic Bahtijarevic & Krka, Polenak Law Firm, and Selih & partnerji. More information on the deals is available below 1) KALO & ASSOCIATES and Odvetniki Selih & Partnerji Shortlisted for Deal of the Year in both Bosnia & Herzegovina and Serbia: Nova Ljubljanska Banka's Acquisition of Komercijalna Banka || Participating firms: Sajic, AP Legal,…