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Former World Snooker Champion Stuart Bingham banned for betting
The 41-year-old professional snooker player admitted breaking World Professional Billiards and Snooker Association (WPBSA) rules
The World Professional Billiards and Snooker Association does not permit players to wager on matches involving themselves and after allegations arose relating to Bingham, the organisation carried out an investigation into the matter with the UK Gambling Commission / Sports Betting Intelligence Unit.
At a hearing in July, Bingham admitted to a small amount of betting on snooker using two accounts in his own name, as well as to limited betting on snooker via three proxy accounts and also to betting with a third party on high break scores.
However, the WPBSA contested his account and the hearing also found Bingham guilty of much greater betting over a seven-year period, including bets on his own matches using an account in his manager’s name between 2003 and 2015.
The WPBSA has estimated the total amount wagered on snooker at £35,771 (€39900/$47,000), but also noted that when he used proxy accounts, it is not possible establish whether he won or lost from betting.
Bingham, who won snooker’s World Championship in 2015, has been ordered to pay £20,000 in costs, but will have half of his ban suspended.
According to the BBC, WPBSA chairman Jason Ferguson said: “It is very disappointing to see such a high profile player fall foul of the WPBSA betting rules. Stuart is a great competitor and I have no doubt he has always played to the best of his ability; this case shows that there are no exceptions to the rules. Players must understand that they cannot bet on snooker at all, even if they are not involved in a match or event. Any player found to breach the betting rules will face the most serious of consequences.”
Stuart Bingham is currently ranked tenth in the world.
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/
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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.
Kambi Group plc repurchase of shares during 6 November – 12 November 2024
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Growe Partners Named Best Affiliate Program. Once Again.
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