Stockholm-listed industry games developer NetEnt AB, has disclosed that Chief Executive Per Eriksson has departed the company with immediate effect. This morning the NetEnt board released the following statement: “NetEnt has decided that Per Eriksson is to step down as president and CEO with immediate effect. The recruitment process will be initiated immediately, and a new CEO will be presented …
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Stockholm-listed Kindred Group Plc has disclosed that it has secured a favourable ruling by Belgium’s Constitutional Court relating to its repeal of VAT charges on online gambling activities. Since 2016, Kindred has fought to repeal the Belgian government’s 2016 industry amendment, which demanded that licensed online operators pay an additional 21% VAT charge for their Belgian services. Challenging the Belgian …
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Updating the market, Stockholm-listed online gambling group Betsson AB has confirmed the appointment of Ronni Hartvig as Chief Commercial Officer (CCO). Hartvig is promoted to the group-wide executive role, having most recently served as Managing Director of Betsson’s NordicBet property (2015-2017). A seasoned industry executive, Hartvig holds a deep understanding of industry operations; focusing on building sustainable player acquisition to …
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Online betting exchange Smarkets has moved to strengthen its football content coverage, announcing a strategic partnership with new Catena Media property Squawka (Squawka.com). Beginning this March, Smarkets and Squawka teams will combine resources to develop ‘stats-led content’ for football audiences on both portals. The in-depth content and match analysis will be pushed via multiple distribution channels including Twitter, Facebook, and …
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A new campaign to be launched on International Women’s Day is set to challenge global gender bias. Uniting Kindred Group, through the Unibet brand, and London based creative agency FCB Inferno and titled #queenrules, it aims to start conversations regarding gender bias and equality. Representing a new way to play cards, and utilising a special deck where Queen outranks King, …
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Stockholm-listed online gambling group LeoVegas AB has confirmed that it has concluded its £65 million acquisition of UK-focused Intellectual Property & Software Limited (IPS) (first announced January 2018). The acquisition sees LeoVegas expand its UK online gambling portfolio, adding new assets 21.co.uk, Slotboss, Bet UK and UK Casino. In its market update, LeoVegas governance informs that IPS brands would now …
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Stockholm-listed industry affiliate marketing network Catena Media Plc will move to expand its Board of Directors to seven active members, proposing Cecilia Qvist as its latest governance appointee. A digital strategy and multi-market growth expert, Qvist currently serves as Global Head of Markets for Spotify Music. Qvist has further held senior executive positions at Ericsson telecommunications and Swedbank. The expected …
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Updating the market, Stockholm-listed industry affiliate network Catena Media Plc has confirmed the successful placement of a new €150 million senior unsecured bond due for 2021. The update sees Catena governance expand its current corporate debt framework to €250 million ‘new bond loan’, with corporate interest payments reduced from 6.75 to 5.5%. Moving forward, Catena governance will refinance its existing €100 …
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Closing its full-year 2017 accounts, Stockholm-listed online gambling group Cherry AB reports solid growth, despite its operational restructure to acquired asset ComeOn. Publishing its full-year 2017 results, Cherry records a group revenue increase of 104% to SEK 2,252 million (FY 2016: SEK 1,102 million), with organic assets contributing 27% of revenue share. A strong revenue performance would see Cherry declare …
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Stockholm-listed European online gambling operator Kindred Group Plc, closes a successful and transformative 2017, as the company records a further ‘all-time high’ performance for its Q4 2017 trading. Publishing its ‘unaudited’ Q4 and full-year 2017 trading update (period ending 31 December), Kindred governance details a strong end of year trading which saw the company generate Q4 gross winnings of £238 …
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