Lottomatica SPA has completed its €640m acquisition of SKS365 to become Italy’s largest omnichannel gambling group. Initiated in November 2023, Lottomatica agreed to terms with Malta365 Holdings to acquire all Italian properties and assets of SKS365. Striking a €640m deal, Lottomatica will take ownership of SKS365’s 1,000 betting shops and points operating across Italian provinces. Boosting its retail presence, Lottomatica …
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Kindred Group CEO Nils Andén has played down the risk of online slots being banned in the Netherlands or that Dutch market KOA uncertainties will derail the €2.6bn bid from Français des Jeux (FDJ) as recommended to investors. Speaking during the group’s Q1 call with analysts this morning, Andén said the recent proposal to ban online slots was just “a motion, so ultimately …
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Kambi’s latest commercial performance report has painted a strong start to the year, with elevated commercial expectations for Euro 2024. Net cash was at €46m compared to the €61.2m in Q1 2023. According to David Kenyon, CFO at Kambi, this balance sheet is enough to give customers assurances that Kambi “is here for the long haul”. Kenyon also suggested the …
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OpenBet is to supply its scalable betting engine and advanced trading system to Australian wagering giant Tabcorp. As the operator pursues growth plans, OpenBet will integrate a series of online and retail products including its fixed-odds betting platform and trading system for its content portfolio, to help amplify the offering for Tabcorp’s flagship brand, TAB. Cathryn Lai, Chief Commercial Officer …
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How to lead a company from an unpromising situation to market leadership is a secret most betting and gaming industry executives would love to learn. In Issue 30 of SBC Leaders magazine, FanDuel President Christian Genetski gives readers the inside track on how he and his colleagues managed to do just that. In a revealing interview to mark Genetski’s imminent …
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Kindred Group Plc has detailed a ‘solid start’ to the year’s trading, maintaining focus on growth in core European markets and Australia. Publishing its Q1 2024 trading update, the Stockholm-based online gambling group’s Q1 revenues stand equal with 2023 comparatives of £307m. Period trading reflected marked improvements in the Netherlands (+24%) and the UK (+20%), as Kindred’s Western Europe segment …
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Checkd Group has appointed James Prosser as the technology-led sports betting specialist’s new Growth Consultant. The move is designed to boost revenue generation potential ahead of a big summer for football, as Checkd asserted Prosser will be bringing a ‘fresh and innovative approach’ to product and content. Alex Beecham, Managing Director at Checkd Media, commented: “James’ addition to our team …
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Betano has officially become Aston Villa’s new principal and front-of-shirt partner. The two-year deal will see the Kaizen Gaming-owned operator’s logo featured on the front of the Premier League club’s men’s team’s kits starting from the 2024-25 season. George Daskalakis, Kaizen Gaming Co-Founder and CEO, stated: “Aston Villa fans have a lot to be proud of in the Club’s long …
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Data provider LSports is now able to accept crypto and other forms of convenient payments thanks to a new partnership with crypto fintech specialist Payhound. Onboarding Payhound’s solution will allow LSports to optimise its operational efficiency with easier management of client payment flows, while maintaining its premier position as a real-time sports data provider. A spokesperson for LSports said: “Partnering …
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The Ministry of Finance of Brazil has confirmed Régis Anderson Dudena‘s appointment as the inaugural President of the Secretariat of Prizes and Betting (SPA). The confirmation came via a decree in the Official Gazette of the Union on Monday, 22 April, signed by Rui Costa, Minister of the Civil House. Dudena, a legal scholar, has previously advised the government on …
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