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About Gold Crystals
Announced on Wednesday, the all-share deal is expected to close in Q2 2027, forming a combined group with a pro forma adjusted EBITDA of around €2 billion ($2.3 billion).
Cirsa’s implied pro forma value, before synergies, corresponds to an multiple of approximately 6x its expected 2026 EV/EBITDA which will be between €800 million and €820 million, according to the operator’s most recent earnings.
According to a joint press release, the combined company would hold “undisputed leadership positions” in both Italy and Spain, with the group set to hold a duel listing on the Milan and Spanish stock exchanges.
How to play Gold Crystals
Wazdan Head of Sales and Business Development, Radka Bacheva, has welcomed the opportunity to see her company expand its clout in Bulgaria once again, with Bacheva adding:
“Partnering with SlyBet is an important step for Wazdan as we continue to grow in Bulgaria and across regulated European markets. We are always looking for new opportunities to bring our games to more players, and SlyBet gives us another great platform to showcase our portfolio.”
The partnership doesn’t end at this stage, as Wazdan is going to further implement new releases for the operator’s local content library and offer players new opportunities as they come back to play.
What is Gold Crystals?
The rarity of that ceiling is baked into the math. The maximum win probability has been listed at roughly one occurrence in 88 million spins. That figure underlines that the 40,000x headline is a marketing peak, not a realistic session target, a familiar trade-off in the volatile end of the market Nolimit City serves.
Duck Hunters 2 is a franchise extension, so the more useful editorial question is what has been iterated rather than what the game contains. The setting has shifted. The mechanical spine is intentionally continuous with the first title.
While the original game took place in a more casual hunting environment, Duck Hunters 2 shifts the action deeper into the woods and introduces a more chaotic setting. The ducks, previously depicted as targets, now appear armed and ready to retaliate. The tonal escalation matches Nolimit City’s house style, but the meaningful development sits in the feature layer.