Swintt makes Indian move with RNGPlay investment
Swintt, a B2B casino games provider led by former chief executive of NYX Interactive and JPJ Group's Vera&John David Flynn, has announced a strategic investment in Indian casino games developer RNGplay.
Based in New Dehli and also founded in 2019, RNGplay have develop slot and table games. The sum invested in the business by Swintt has not been revealed.
“I look forward to working with the team at RNGplay helping to position the Swintt Group as a leading B2B content provider in the igaming market," Flynn said.
He described the agreement with the developer as the first major step in Swintt's drive to provide clients with games built using local knowledge and data, working with exclusive suppliers to deliver unique content to local markets.
“The team at RNGplay have huge experience in developing innovative slots and table games for the international igaming market, many of which have been top performers for their clients,” Flynn continued. “As the igaming market continues to consolidate, I anticipate many more opportunities for win-win partnerships such as this.
RNGplay chief marketing officer Ravi Prakash added: “The investment by Swintt not only provides a great platform to showcase our games on a global scale but also adds further capital to increase our speed to market in order to build on our existing clientele.
“We are looking forward to work with the excellent team at Swintt and participate in their goal to become the leading digital content provider. I am very happy with this achievement and want to congratulate our team as we enter this exciting new phase in our growth.”
Swintt was launched by Flynn in April 2019, and is based in Malta. It is backed financially by Glitnor Group, an investment vehicle led by former Vera&John chief executive Johan Königslehner.
At the company’s launch, Flynn said he hoped the company would launch its first offering of 25 games towards the end of Q3 2019, and that the company will aim for licenses in Malta and the Isle of Man initially, followed by the UK.