The deal is subject to merger clearance regulations and is expected to complete at some point during Q1 2023.

Darko Živanov, CEO of MaxBet, said of the deal: "With this acquisition, we will welcome El Dorado Slot Clubs to the MaxBet family. We firmly believe in the further growth and development of the slot business segment and the successful implementation of our business skills and experience in running companies in the industry.

“MaxBet continues to implement its strategy, combining organic expansion with selected acquisitions in Serbia and the region."

Last year, Setplex, a provider of solutions for OTT service providers, teamed up with MaxBet TV to launch a casino and gambling-centric television network.

At the time, Mike McKiski, Co-Founder and COO for MaxBet, commented: “The NoraGO system offered by Setplex is easy to use, includes an unrivalled array of features and functionality, and has the ability to support a diverse global viewership from the day of launch."

Elsewhere in recent land-based news, Peppermill Resort Spa Casino is now home to two $1m Dragon Link high-limit progressive jackpot slot machines, provided by Aristocrat.

Unlike a wide-area progressive, these jackpots are paid immediately for the entire value and reset to $1m once the jackpot is hit.

Peppermill serves as the Northern Nevada location for these high-denomination slots.