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The Independent Liquor and Gaming Authority (ILGA) in New South Wales is seeking to transfer administration of the ClubGRANTS scheme to the State Revenue chief commissioner, citing operational pressures and ongoing scrutiny.
This was revealed through documents obtained by ABC and statements from ILGA chair Caroline Lamb on Monday.
Introduced in 1998, ClubGRANTS was designed to channel a share of gambling-linked profits from gaming clubs back into local communities. This includes health and welfare services as well as community development and sporting clubs.
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Ahlberg agrees the €16.4 million valuation is attractive, with a deferred consideration of around €10.4 million that reduces the immediate cash burden.
Corfai Capital Managing Partner and Founder Ben Robinson is even more bullish on the price, pointing to the circumstances in which GiG was able to acquire the business.
“On the numbers GiG has disclosed it looks cheap,” he says. “€16.4 million for 80% implies an EV of €20.5 million against roughly $50 million of run-rate NGR, 30% year-on-year growth and positive cash generation. €6m of cash on day one for a business generating $50 million of NGR tells you who needed the deal.”
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Push Gaming has added Flaming Streaks, a 3×3 classic-style slot built around four jackpots and a guaranteed-win bonus round. The release says more about the studio’s segmented output than about the game itself.
The title doesn’t come from Push Gaming’s main studio. It comes from Reel Hot Games, the sub-brand that handles the developer’s fruit, sevens, and Vegas-style output. That distinction matters. It positions Flaming Streaks as a deliberate return to old-school territory rather than a headline release aimed at the high-volatility audience Push Gaming is better known for.
For a studio associated with feature-heavy, high-ceiling slots, a compact throwback with a modest max win reflects a strategy of keeping a lighter, nostalgia-driven strand running alongside its flagship work.
