Tag Archives: Stockholm

Betsson Group pushes for new DFS platform with Scout Gaming

Stockholm-listed European online gambling group, Betsson AB has announced that it will broaden its product portfolio adding a new daily fantasy sports (DFS) platform powered by Scout Gaming Group. The partnership sees Scout Gaming provide its fully customizable DFS solution, which will be made available to all Betsson AB subsidiaries. Project stakeholders detail that the Scout/Betsson DFS platform is expected …

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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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Kindred Group commits to Stockholm ‘Urban Escape’ office migration

European online gambling firm Kindred Group Plc has confirmed that it will move its ‘home’ Stockholm office to new premises within the ‘Urban Escape Project’ in central Stockholm, a business property currently being developed by AMF Fastigheter. Updating stakeholders, Kindred details that it has agreed to terms with AMF Fastigheter with a view to move its Stockholm operations to the ‘Urban …

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Cherry AB reports widespread growth despite ComeOn restructure

Despite lowering its full-year 2017 corporate forecast last week, Stockholm-listed online gambling group Cherry AB has reported ‘widespread growth’ across its assets for its Q3 2017 trading update (period ending 30 September). Improved player activity throughout its verticals, sees Cherry report a 165% increase in group revenues to SEK 567 million (€58 million – Q3 2016: SEK 214 million). Cherry’s …

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Catena reports ‘best ever quarter’ as company eyes new market expansions

Stockholm-listed industry affiliate marketing network, Catena Media has detailed its ‘best ever trading quarter‘ as the company homes in on full-year 2017 corporate targets. Presenting its first trading update as a Nasdaq Stockholm main market enterprise, Catena would record Q3 2017 (period ending 30 September) corporate revenues of €17.2 million up 61% on corresponding Q3 2016’s €10.7 million. Focusing on …

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Tough ComeOn integration sees Cherry revise 2017 corporate forecast

Prior to the release of its pending Q3 2017 trading update (scheduled for Wednesday 8 November), the governance of Stockholm-listed online gambling group Cherry AB has issued a corporate update detailing that it has revised its full-year 2017 corporate forecast. The firm’s revision of FY-2017 expectations follows a tougher than anticipated integration of acquired ComeOn assets having undertaken a strategic …

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Betsson AB to launch Spanish market sportsbook property with BetConstruct

Stockholm-listed European online gambling group Betsson AB has confirmed that it will expand its presence within the regulated Spanish online gambling market, launching a new sportsbook property with industry platform and technology supplier BetConstruct. Confirming the agreement, Betsson management detailed that it would move to integrate a full-suite BetConstruct sportsbook solution for its Spanish market entry, combining the product with …

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Kambi continues LatAM expansion

Sports betting provider Kambi has deepened its relationship with media conglomerate Televisa, through the debut of its sportsbook to the Mexican online market. Televisa’s gaming arm PlayCity has unveiled its new sports betting site, and the launch of PlayCityApuestas.com follows last year’s deal, which saw 16 of its land based casinos furnished with the retail product suite of Kambi. Kristian …

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Global Gaming 555 targets Stockholm Nasdaq IPO

Issuing a corporate update, European online gambling group Global Gaming 555 has confirmed that it plans to make an initial public offering (IPO) on the Scandinavian market the Stockholm Nasdaq First North Premier. As the latest industry incumbent to seek an IPO, Global Gaming 555 will initial place a new share issue of ‘no more than’ 1000,000 shares, targeting to …

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Jonas Jansson – Kambi: Why Instant Betting offers an in-play edge

Kambi Group Plc Chief Operating Officer (COO) Jonas Jansson believes instant markets could help operators differentiate in a clustered sports betting market. Jansson details to SBC readers what new instant dynamics can be brought to market… _____________________ There can be little doubt, live betting is the sportsbook battleground of the moment, and is likely to be for some time. That’s not …

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