Latest News
Portugal’s online gambling market rebounds in Q3
The Serviço de Regulação e Inspeção de Jogos (SRIJ), the gambling regulator in Portugal, has cited a hike in sports betting activity as one of the main reasons behind a year-on-year rise in online gaming revenue during the third quarter.
For the three months through to September 30, overall online gambling revenue in the country amounted to €29.3m ($34.7m), which represents an increase of 21.5% on the corresponding quarter last year.
Sports betting revenue in Q3 came in at €16.3m, which is 16.6% more than in the second quarter of the current year.
The SRIJ put this increase down to the return of the club football season, with the sport accounting for almost 78% of all online sports betting in the three-month period.
Incidentally, the €7.1m in sports revenue generated in September is just short of the yearly peak of €7.3m set back in January.
Elsewhere, online casino revenue, including poker activity, amounted to €13.1m in the third quarter, which is 15% more than in the second quarter of the current year, put less than the opening three months of 2017.
Slots remain the main source of income in the Portuguese online casino market, with such gaming activity responsible for 42% of internet casino revenue in Q3.
For the year-to-date, to the end of September, total online betting revenue came in at €86.3m, with sports betting at €47.7m and online casino €38.4m.
The Portuguese online gambling market is only set to expand as the SRIJ awards more licence to operators.
Last month, the SRIJ granted its ninth online gambling licence Casino Portugal, with Sociedade Figueira Praia, a Portuguese land-based casino operator, to operate an internet casino site under its existing Casino Portugal brand.
Latest News
Kambi Group plc repurchase of shares during 6 November – 12 November 2024
Kambi Group plc (“Kambi”) has during the period 6 November to 12 November 2024 (the “Buyback Period”) repurchased a total of 54,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the Programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
From the beginning of the Programme, which started on 6 November, until and including 12 November 2024, Kambi has repurchased a total of 54,000 ordinary B shares at a volume-weighted average price of 111.87 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
Date | Aggregated daily volume (number of ordinary B shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
6 November 2024 | 14,000 | 117.27 | 1,641,822 |
7 November 2024 | 10,000 | 115.17 | 1,151,709 |
8 November 2024 | 10,000 | 110.08 | 1,100,826 |
11 November 2024 | 10,000 | 107.82 | 1,078,240 |
12 November 2024 | 10,000 | 106.81 | 1,068,130 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 12 November 2024, Kambi’s holding of its own shares amounted to 1,428,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/
Latest News
Zillion Games launches Storm Fruits 2
Zillion Games launches Storm Fruits 2, an exciting sequel to the popular Storm Fruits. With 4,096 ways to win and a Bonus Buy option, players can jump straight into the action for even more chances to win. This refreshed classic fruit theme combines timeless charm with modern thrills for a truly engaging experience.
Accumulated Bonus
During gameplay, bonus symbols accumulate, and when five symbols land, a special feature may trigger, adding the missing symbol to activate the Hold and Ring bonus mode.
Hold and Ring with Jackpots
In this bonus mode, players can win one of three jackpots: Mini, Minor, or Major. Fill all 20 grid positions to unlock the Grand Jackpot.
Free Spins with Random Walking Wilds
Wild symbols can appear in varying amounts on each new spin, moving to random positions and potentially leading to big wins. In Free Spins mode, landing three scatter symbols will trigger additional free spins for even more chances to win!
Latest News
Growe Partners Named Best Affiliate Program. Once Again.
Growe Partners, an affiliate program, which has skyrocketed its performance in the iGaming industry in just a year, has received yet another recognition as the Best Affiliate Program at the SiGMA Europe Awards 2024.
The ceremony took place in Valletta, Malta on Nov, 12th, and the victory was achieved through a combination of public votes on the award page and evaluations by a distinguished jury panel.
In just a year Growe Partners has rightfully reserved a place amongst industry leaders, who have been in the game for a lot longer, and as they say themselves — they are not going anywhere. Today Growe Partners is a network with over 32 thousand partners, operating in more than 10 locations worldwide.
“This achievement reflects our commitment to investing in our people, our partners, our ideas, and continuously implementing new innovative approaches. We are proud of the strong team we have built, which is always on the lookout for ways to develop and better themselves. And whose dedication resulted in this victory.
With winning this award we would like to once again emphasize that everything is possible in our industry if you set the right goal and work hard for it.” , — commented Dima Mariievskyi, Head of Growe Partners.
-
Africa6 days ago
EveryMatrix secures largest African turnkey deal with MBet partnership
-
Asia6 days ago
Nazara Publishing announces playtest for FAU-G: Domination at India’s oldest and biggest game developer conference IGDC 2024
-
Asia7 days ago
8Bit Creatives partners with NODWIN Gaming as the exclusive talent partner for DreamHack India
-
Asia5 days ago
VSPO, the largest esports company in Asia, rebranded Hero Esports to support global growth strategy
-
Balkans6 days ago
BEGE celebrates 15 years as Eastern Europe’s premier gaming expo
-
Gaming6 days ago
Getting ready for Xmas: SplitMetrics partnership with Wargaming helps World of Warships app sail to new heights with 15% uplift in organic conversions
-
Latest News5 days ago
Week 45/2024 slot games releases
-
Latest News6 days ago
AC MILAN AND SPRIBE ANNOUNCE NEW PARTNERSHIP AND WELCOME AVIATOR AS THE CLUB’S OFFICIAL CRASH GAME