Tag Archives: Stockholm

Marketing savvy LeoVegas delivers above corporate exceptions

Stockholm listed LeoVegas AB has presented its Q2 2018 preliminary results early (period ending 30 June), detailing that the company has benefitted from marketing efficiencies recorded during the trading period. Updating investors, LeoVegas governance anticipates delivering a trading period EBITDA of circa €15 million, an earnings figure above the firm’s current expectations. The improved EBITDA guidance is a result of …

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Susan Ball departs Kambi Group governance

Issuing a corporate update, Stockholm-listed betting technology supplier Kambi Group Plc has disclosed that Susan Ball has resigned as a member of the firm’s Board of Directors with immediate effect. The technology firm reports that has Ball departed Kambi Group governance to ‘pursue other business opportunities’. The former Unibet Plc Chief Financial Officer and ex-senior partner at Ernst & Young …

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Kambi delivers Rush Street’s Colombian property rushbet.co as partnership moves Stateside

Having launched Colombian sportsbook rushbet.co, Stockholm-listed Kambi Group Plc and US casino group Rush Street Gaming are set to expand their partnership within US shores. Last week, Rush Street’s digital subsidiary RSI debuted its new licensed Colombian online sportsbook rushbet.co, which has been developed by betting technology provider Kambi. Project stakeholders, detailed a quick and effective delivery of online sportsbook …

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Mr Green & Co rebrands to MRG as company sets 2020 vision

Following its ‘Capital Markets Day’, Stockholm-listed European online gambling group Mr Green & Co has announced that it has rebranded its corporate entity to ‘MRG’ (MRG Group). Corporate governance stated that the new group MRG brand reflected the firm’s fast growth profile, and better served its expanded portfolio of online gambling assets. The firm’s markets day would further see MRG’s …

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Cherry AB’s Anders Holmgren under investigation of insider trading

Stockholm-listed online gambling group Cherry AB has released a statement confirming that Chief Executive Anders Holmgren has been placed under investigation by Sweden’s Economic Crime Authority (ECA) on suspicion of insider trading. Swedish news sources report that Cherry’s Stockholm headquarters was searched by police this Tuesday morning, in-relation to ECA’s investigation of Holmgren. The investigation is believed to be in-relation …

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Mr Green seeks to join the esports scene with Gamingzone Entertainment joint-venture

European online gambling group Mr Green & Co, has announced that it will launch its first esports-centric property in partnership with Gamingzone Entertainment. Updating the market, the Stockholm-listed enterprise has confirmed that it will develop an esports entertainment joint-venture with established esports media publisher Gamingzone. “Mr Green and Gamingzone Entertainment have established a joint venture to create a new community …

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Kambi recruits Mattias Eriksson as chief product lead

Stockholm-listed betting platform and software provider Kambi Plc has confirmed the appointment of Mattias Eriksson to the newly created role of Chief Product Officer (CPO). Eriksson, who will be based out of Kambi’s Stockholm office, has prior industry experience having worked for Swedish state-owned gambling operator Svenska Spel in a number of senior commercial and product focused roles. Prior to …

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LeoVegas AB confirms Stefan Nelson as incoming Group CFO

Stockholm-listed online gambling group, LeoVegas AB has confirmed the appointment of Stefan Nelson as new Chief Financial Officer. The firm expects Nelson to takeover full group CFO responsibilities on 22 August, when current incumbent Viktor Fritzén end his tenure as Leo Vegas financial lead, joining the firm’s senior executive advisory. A 20-year finance veteran, Nelson has prior experience in gaming, media …

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Organic Mr Green confident of expectations following strong 2018 opening

Stockholm-listed online gambling group Mr Green & Co, has published its Q1 2018 trading update (period ending 31 March), detailing strong organic growth across its core metrics and KPIs. In its trading update, Mr Green records group-wide total revenues of SEK 381 million (€36 million) up 38% on corresponding Q1 2017’s  SEK 276 million. The Stockholm enterprise details a period …

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Commercial & Delivery effective Kambi records strong 2018 opening

Stockholm-listed, betting platform and software provider Kambi Group Plc has detailed a strong opening momentum for 2018. Publishing its Q1 2018 trading update (period ending 31 March), Kambi records a 15% increase in corporate revenues to €16.4 million (Q1 2017: €14.2 million), with the betting platform provider maintaining a high 7.9%  trading margin. Continuing its strong momentum from a record …

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