Tag Archives: malta

GVC completes Turkish offload as 2018 judgement looms

SBC News GVC completes Turkish offload as 2018 judgement looms

Updating the market, FTSE online gambling group GVC Holdings has confirmed the complete disposal of Turkish business unit ‘Headlong Limited’ to Malta-based technology firm Ropso ltd. Last November, GVC governance announced that it would sell its Turkish enterprise and associated assets to Ropso for a total consideration of €150 million. Announcing the sale of Headlong, GVC leadership stated that the …

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Mr Green agrees to €7 million Evoke Gaming acquisition

SBC News Mr Green agrees to €7 million Evoke Gaming acquisition

Mr Green has agreed to pay €7 million to acquire Redbet owner Evoke Gaming, with the deal expected to be completed in Q1 2018 subject to regulatory approval. Evoke Gaming, who’s brands produced revenues of €15.5 million in 2016, includes the likes of Vinnarum casino, Bertolt, MamaMia and Redbet, a sportsbook, casino and poker provider which Mr Green intends to …

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LeoVegas promotes Jarl Modén to Group CPO

LeoVegas

Updating the market, Stockholm-listed online gambling operator LeoVegas Group AB has confirmed the promotion of Jarl Modén to the senior executive position of Chief Product Officer (CPO). Modén has been a LeoVegas product executive since 2014, acting as a key stakeholder in a number of group projects and tech developments. Modén most recently held the position of Head of Product …

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Catena Media bolsters German dynamics with Baybets €26.5 million acquisition

SBC News Catena Media bolsters German dynamics with Baybets €26.5 million acquisition

Stockholm-listed industry affiliate marketing network Catena Media continues its M&A expansion confirming that it has agreed to acquire German focused sports affiliate Baybets Ltd. Updating the market, Catena governance informs that it has agreed an initial payment of €26.5 million to takeover Baybets’ 50 website portfolio. Furthermore, its acquisition deal will have an attachment of a further €65 million in …

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Worldwide operational expansion sees Kindred move to new Wimbledon office

SBC News Worldwide operational expansion sees Kindred move to new Wimbledon office

Stockholm-listed online gambling operator Kindred Group Plc has moved its UK staff into a new purpose-built ‘Kindred House’ office building in Wimbledon. The European operator has been based in Wimbledon (London SW19) since 1997, where Kindred has primarily housed its marketing and commercial corporate functions. Speaking to SBC, Alex Westrell Group Head of Communications for Kindred Group, detailed that the …

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Malta monitors Franco-German ‘EU digital taxation framework’ proposal

SBC News Malta monitors Franco-German 'EU digital taxation framework' proposal

Industry stakeholders are monitoring the European Union’s potential proposal to introduce a ‘digital taxation framework’, aimed at consolidating taxes for digital enterprises with multi-national operations and commercial services. The new scheme is being spearheaded by the governments of Germany and France and aims to crack down on tax avoidance loopholes, which have been perceived to be used by multi-national tech …

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Catena appoints Pia-Lena Olofsson as Group CFO

SBC News Catena appoints Pia-Lena Olofsson as Group CFO

Updating the market, Stockholm-listed industry affiliate marketing network Catena Media has confirmed the promotion of Pia-Lena Olofsson as new Group Chief Financial Officer (CFO). The executive appointment sees Olofsson current CFO of Catena Operations replace Claes Wenthzel as Catena group finance lead. Catena governance informs that Wenthzel has chosen to leave the company due to family reasons. Wenthzel will oversee …

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LetsBet.com aims to ‘flip the script’ for casino players in 2018

SBC News LetsBet.com aims to 'flip the script' for casino players in 2018

New online casino brand LetsBet.com will be launched in early 2018, seeking to become the most engaging destination for online gambling consumers. LetsBet.com is brought to market by Malta MGA-licensed enterprise Pioneer Play Ltd, a new online gambling group founded by Michael Pedersen (CEO), former Scandinavian commercial lead for NetEnt, and Stefan Lind, (CMO) former operations lead at LeoVegas AB. …

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Catena Media sets 2020 vision

SBC News Catena Media sets 2020 vision

Ahead of its Capital Markets Day (6 December), Stockholm-listed industry affiliate network Catena Media has announced that it has reset its enterprise long-term financial targets, as corporate governance seeks to extract optimal value for its investors. Updating stakeholders, Catena’s Board has set the enterprise target of generating a group EBITDA in excess of €100 million (£90 million) by the year …

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