Entain Plc investor Eminence Capital has questioned the M&A strategy of the FTSE100 gambling group, citing that it has impacted the firm’s value and future prospects. An open letter published by Eminence CEO Ricky Sandler criticised the board of Entain for allowing a £600m bookbuild to fund the acquisition of STS Group, through the issuance of new shares, which represents …
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Enteractive to boost LatAm engagement for Coolbet
Coolbet has signed a partnership with Enteractive, leveraging the latter’s betting and igaming player reactivation and retention model for its Latin American operations. Originally founded in Estonia with a focus on the Nordic markets, Coolbet has been stepping up its presence in Latin American jurisdictions in recent years, especially since its acquisition by GAN in 2020. To support its transatlantic …
Read More »Delasport’s Oded Amir: a platform that’s built with a ‘future-proof’ mindset
Oded Amir, Delasport’s recently-appointed VP of Product, joins the firm with over 15 years of experience, mainly working in product positions with the likes of SBTech and DraftKings. Here he shares his vision and strategic direction for Delasport’s products and how they will align with customer needs, business growth, and the firm’s overall technology roadmap. You’ve recently joined Delasport, with …
Read More »Bloor joins Pariplay to execute Europe and North America growth
Pariplay has appointed Ashley Bloor as its new Director of Partnerships as the company continues its growth strategy across Europe and North America. The NeoGames subsidiary has detailed that Bloor has more than 10 years of experience in the gambling industry with companies such as bet365, Gala Coral, William Hill, and Gaming Innovation Group (GiG). Most recently, she was Head …
Read More »Sky Bet, TPD and 1/ST CONTENT launch ‘missing piece’ in North American racing
Total Performance Data (TPD), a live data provider for horse racing, has announced an in-running betting product in partnership with 1/ST CONTENT. Described as a US racing-first, this rollout has already seen the successful delivery of a new in-play service for Sky Bet – part of Flutter Entertainment. Simon Fraser, Senior Vice President International at 1/ST CONTENT, said: “The jury …
Read More »Allwyn hails new UK vision as Q1 revenues surge to €1.6bn
Allwyn International has showcased its new business profile after incorporating Camelot UK to its European gaming and lottery subsidiaries portfolio. Publishing its Q1 2023 unaudited accounts, an enlarged Allwyn generated consolidated revenues of €1.64bn, an 80% surge on 2022 comparative results of €914m. As reported, Q1 trading saw Allwyn execute the acquisitions of Camelot UK Lotteries Limited and Camelot Lottery …
Read More »Dedicated focus on the Canadian gaming industry at CGS
Over 2,000 delegates are poised to convene at the 26th edition of the Canadian Gaming Summit, organized by SBC for the very first time. The event will showcase an unparalleled focus on all Canadian provinces, stretching from Ontario and beyond, offering an extensive exploration of a region that is witnessing remarkable growth. Taking place at the Metro Toronto Convention Centre, …
Read More »Entain esports goals on track as Tidal completes Sportsflare sale
Entain has secured yet another inroad on its M&A crusade, as Tidal Gaming Group has announced that the sale of its Sportsflare subsidiary to the global gambling company has been completed. The acquisition – described by Entain at the time as ‘arms length’ – was first announced in March 2023 at a purchasing price of $13.25m for all assets of …
Read More »IGT evaluating divestment of Global Gaming and PlayDigital divisions
International Game Technology (IGT) is looking to ‘unlock true value’ by examining strategic alternatives for its Global Gaming and PlayDigital segments. The NYSE firm’s Board of Directors detailed that these alternative options include but are not limited to a sale, merger or spin off of the divisions. However, maintaining and further investing in the businesses is also being considered as …
Read More »Silvia Almeida: bringing Clever Advertising’s expertise to the Canadian market
Clever Advertising has already established itself as a global leader in the media buying space. But one country that has found itself high on Clever Advertising’s agenda for 2023 is the regulated Canadian market. Ahead of this week’s Canadian Gaming Summit, Chief Media Officer Silvia Almeida tells us about Clever Advertising’s presence in Ontario and the importance of geolocation when …
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