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Kambi promotes Cecilia Wachtmeister as EVP

Niji Narayan

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Kambi promotes Cecilia Wachtmeister as EVP
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Kambi Group plc. has appointeds the current Board member Cecilia Wachtmeister as EVP Business & Group Functions. She has joined the Kambi Board in 2017.

Reporting into Kambi Chief Executive Kristian Nylen, Cecilia will assume responsibility for the Group’s Commercial, Marketing Communications, Strategy and Human Resources functions.

Cecilia is having career experience in telecommunications giant Ericsson AB, where she held a number of senior titles, including her most recent position as Vice President, Group Sourcing.

Kristian Nylén, Kambi Chief Executive, commented: “Cecilia has proven to be a major asset to the Kambi Board over the past two years, demonstrating her business acumen and ability to gain a quick and detailed understanding of Kambi and its competitive landscape. While I’m sure the Board will miss Cecilia’s unquestionable talent, I’m delighted to welcome her to the Executive Management Team, where her passion and valuable experience will assist Kambi’s smooth transition from mid-tier company to large organisation.”

Wachtmeister said: “I’m delighted to become EVP Business & Group Functions at Kambi, a company I have had the pleasure to watch grow impressively during a period of immense change in the global sports betting industry.

“My time on the Board has afforded me valuable insight into Kambi, its culture and people – a team I’m now tremendously proud to become part of – and I look forward to contributing when the company take its next steps in this exciting growth phase,” she added.

 

Industry News

Gambling.com Group Updates COVID-19 Impact

Niji Narayan

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Gambling.com Group Updates COVID-19 Impact
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Gambling.com Group, a provider of digital marketing services for the global iGaming industry, has provided an update on the impact of coronavirus on its financial and operational performances. The Group has been operating under a work from home policy since 16 March 2020.

The Group expects that the cancellation and/or postponement of major sport events will have a negative impact on revenues from the sports betting segment. Since many major sport events have taken place as planned in the first half of March, the Group is not expecting a significant impact on revenue in March.

The majority of the Group’s business is outside of sports betting. The Group’s largest segment is online casino which is now having a positive trend. So, the Group does not expect the COVID-19 pandemic to have a long-term effect on its business and view the situation as temporary in nature.

At the end of March, the Group implemented further cost reduction measures that will result in ongoing quarterly savings of EUR 0.15 million in addition to a temporary measure for the second quarter which is expected to save approximately EUR 0.3 million.

The company has also provided a trading update for January–February 2020. The total revenue for the period was EUR 2.41 (3.32) million and adjusted EBITDA amounted to EUR 0.39 (1.17) million. Net Interest Bearing Debt (NIBD) amounted to EUR 9.43 (15.19) million at the end of February 2020.

The effects of certain open-market bond purchases disclosed on March 25 will reduce NIBD by EUR 1.43 million. Sports betting revenue during the period accounted for less than 20% of total revenue.

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Pragmatic Play And LeoVegas Announce Highly Awaited Bingo Deal

George Miller

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Pragmatic Play And LeoVegas Announce Highly Awaited Bingo Deal
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Pragmatic Play and LeoVegas have announced a ground-breaking deal which sees the award-winning casino launch top bingo games from one of the industry’s leading content providers.

Existing players on LeoVegas brands such as LeoVegas UK, Crown Bingo, Pink Casino and Legs Eleven will now have access to one of the most innovative and multi-featured bingo products on the market, offering highly competitive daily jackpots and prizes.

This deal strengthens Pragmatic Play’s strategy to offer a full suite of cutting-edge iGaming products to a wider audience.

Claire McDaid, Vice President of Bingo at Pragmatic Play said: ‘I am thrilled and thoroughly looking forward to working with the LeoVegas team on both their existing bingo brands and their new launches.”

“The Pragmatic Play bingo team have worked vigorously to ensure we have a stand-out product across UX, UI and Back Office features which I am confident will enable LeoVegas and the Rocket X managed brands to drive their bingo business forward.

A spokesperson at LeoVegas said: “We are delighted to further enhance our agreement with Pragmatic Play and take their revolutionary bingo offering.

“We have a close relationship with the supplier already, taking both slot titles and Live Casino products, so it was the next logical step to take another vertical from them, considering how well their products have performed in our portfolio.”

The provider’s Bingo product offers a market-leading number of variants including 90, 80,75,50 and 30 ball bingo. At ICE 2020, the supplier created much excitement with the launch of a unique mobile-first bingo game, ensuring partners have innovative and exciting content to attract and retain both bingo and softer gaming customers in an ever-increasing competitive marketplace.

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Industry News

Push Gaming joins forces with GVC

George Miller

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Push Gaming joins forces with GVC
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Chart-topping slot developer integrates full suite of games across operator’s roster of popular brands

Push Gaming, the slots supplier behind player favourite Jammin’ Jars and Razor Shark, has put pen to paper on a deal to supply GVC with its full suite of games.

The integration will take place via the supplier’s own platform, giving players at brands such as Ladbrokes, Coral and bwin access to a selection of its hit releases.

The remainder of the games in the extensive portfolio will then be made available in the coming months.

James MarshallCEO of Push Gaming, said: “We’re very pleased to be partnering with GVC and to be providing our games to players at some of the most popular and successful online gambling brands in the world.

“Our titles have proved to be a big hit with a wide range of players, and we look forward to entertaining and exciting GVC’s customers.”

Push Gaming has established itself as one of the most exciting and innovative game developers thanks to its winning combination of great graphics, intelligent maths and state of the art game mechanics.

It has ambitious plans to roll out a long list of new games, as well as new platform-level innovations during 2020 following the acquisition of Game Server Integrations (GSI) at the beginning of the year.

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