The Malta Gaming Authority (MGA) has confirmed that its former Chief Technology Officer (CTO) Jason Farrugia and his wife Christine Farrugia have been charged with a range of financial crimes. These include money laundering, accepting bribes, fraud and trading in influence by abusing his leadership position as CTO of the MGA, according to The Times of Malta. Additional charges include fraud …
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Bookies Corner: Nerves on edge for epic Premier League curtain closer
On Sunday, the Premier League will settle a season with more twists and turns than the WAGagatha Christie affair! With title, relegation and Euro places to be decided on the final day of play – SBC checks in on how bookmakers’ nerves are faring, pricing and predicting the curtain closer to the most vintage of football seasons… SBC: With the …
Read More »Kindred continues to support working parents with Women in Racing
Kindred has extended its partnership with Women in Racing on the Racing Home programme, which aims to educate stakeholders within the racing industry about motherhood and parenthood. Racing Home has now launched an online educational portal as well as a rehabilitation programme and a podcast series to further support working parents. This offers guidance to mothers returning to riding post-pregnancy, as …
Read More »Kindred becomes a target of Corvex activist fund
Activist investment fund Corvex Management LP has disclosed to the Stockholm Nasdaq that it has built up a 10% shareholding in Kindred Group Plc. Corvex is led by seasoned activist investor Keith Arlyn Meister, a former principal of Icahn Enterprises – the private investment fund of US finance magnate Carl Icahn. The New York fund began to accumulate its 10% …
Read More »Kindred renews support for Rangers’ mental health programme
Kindred Group has renewed its investment in the Team Talk programme which will see a ‘significant’ investment as Rangers Charity Foundation continues to work on its development. Boosted by initial funding received from the firm in 2021, Team Talk has already helped men across Glasgow to seek advice, help and encouragement in discussing their mental health. “The investment we are …
Read More »Norsk Tipping CEO search concludes with Thor Gjermund Eriksen appointment
Norsk Tipping, Norway’s state-backed betting and lottery monopoly, has confirmed the appointment of Thor Gjermund Eriksen as its new CEO. A career journalist, Eriksen most recently served as Director-General of the Norwegian Broadcasting Corporation (NRK), having held the position since 2013. Although his tenure as NRK Director-General was not due to expire until 2025, Eriksen had previously detailed that he …
Read More »Kambi ‘will not stand still’ after navigating 2021 trading hurdles
Kambi Group has asserted that it will maintain momentum on its international development and investment strategy in 2022, after overcoming hurdles in the Netherlands and with regards to some of its operator partners. Publishing its full year trading results for 2021, the group revealed a 38% increase in revenue to €162.4 million, (2020: €117.7m), whilst profit before taxation stood at …
Read More »Betting industry fights gender bias in International Women’s Day campaign
Professionals of the global betting market, such as Flutter, Kindred and DraftKings, are working on a campaign ahead of International Women’s Day 2022, to highlight examples of gender bias in the industry. Produced by Square in the Air and All-In Diversity, the project also aims to offer resources for companies and individuals seeking support, whilst the campaign includes commitments from …
Read More »Kindred to double headcount of new look sportsbook unit
Kindred Group Plc has launched a global recruitment drive to expand its trading capabilities, as the Stockholm-listed online gambling group prepares to take ‘end-to-end control’ of its sportsbook platform This February saw Kindred announce its biggest-ever technology directive, choosing to build its own proprietary sportsbook solution in order to reduce its reliance on third-party suppliers. Marked as a headline objective, …
Read More »Kindred’s Nordic regulatory hurdles continue as Unibet faces Danish reprimands
Unibet has been handed one order and five reprimands by Spillemyndigheden, the Danish Gaming Authority, for ‘a number of breaches’ of KYC and AML requirements. It was found that the Kindred sports betting brand’s AML strategy left the firm exposed to an increased risk of money laundering. In particular, the operator was found to have ‘not sufficiently made a risk …
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