Technology

FSB continues to expand its technical resources and capabilities  by announcing plans to launch a dedicated tech hub in Glasgow, scheduled to open this Autumn The tech hub is set to be the “heartbeat” of the sports betting and igaming supplier’s technical operations in Europe, Africa and other global territories outside of the Americas. The Scottish headquarters is set to …

IGT Plc has announced to markets that it has launched a new tender offer to ‘purchase for cash’ $500m of its outstanding $1.1bn senior secured $ notes due for 2025. Terms of the tender offer have been further applied to the NYSE technology group’s outstanding €uro debt notes of €500m due for 2024.    The tender offer was announced on 2 …

Oddin.gg has confirmed the appointment of SaaS expert Richard Kidd as a strategic Senior Executive Advisor, to help the business elevate its commercial B2B capacities. Kidd is a 30-year executive, who has specialised in the sales and commercial development of new SaaS systems and platforms to help optimise business performance. As an executive advisor, Kidd will work with Oddin.gg sales …

Pragmatic Solutions has secured its latest major commercial partner, as the ink dries on a newly signed contract with innovation platform Flows. Seeking to enhance the options available to its customer base, Flows will leverage Pragmatic’s ‘no-code innovation platform’, enabling itsits clients to build features and applications without code.  Additionally, the company will also use Pragmatic’s solutions to allow the …

Intralot SPA has declared a ‘steady first-half of year’ as group leadership continues to monitor drastically changing economic and political dynamics impacting the value chain of its global business. Publishing its interim H1 2022 trading statement, the Athens-listed gambling and lottery technology group reported corporate revenues of €205m (H1 2021: €203m). A breakdown of product performance saw Intralot’s Lottery services …

Alex Gersh, a former executive with two prominent names in the sports betting space, has filled the Chief Financial Officer (CFO) vacancy at Paysafe. The new hire joins the payments platform from Sportradar, where he has served as CFO since July 2020, overseeing a period of strong growth for the Swiss-based sportstech and data firm, as well as its successful …

Light & Wonder Inc (formerly Scientific Games Corp) has confirmed that Barry Cottle has resigned as Chief Executive and a board member of the Nasdaq cross-platform games supplier. The board of L&W has begun a search process to find Cottle’s successor, as long-term senior executive Matt Wilson takes charge of the day-to-day leadership of L&W as Interim CEO. The former …

IGT Plc has settled ‘in principle’ its multi-million-dollar lawsuit filed by ‘Benson Matters’ made against its former DoubleDown subsidiary.  This morning, the NYSE gambling technology group announced that it had agreed to contribute a $269m payment of a wider settlement of $415m that will end legal proceedings that have been ongoing since 2018. Acquired in 2012 for $500m, DoubleDown is …

Niklas Jönsson, acting CEO of Scout Gaming, has disclosed that the real-money fantasy sports platform supplier has entered an intensive restructuring period.   Publishing its Interim trading report, Scout Gaming reported year-to-date corporate losses of SEK 48m (€4.5m), results which track above 2021 losses of SEK 45m. Jönsson, who replaced former CEO Andreas Ternström in June confirmed that he had initiated …