Connect with us
SoftSwiss
Playson

Industry News

Anders Ström Reduces His Stake in Kambi to 17.5%

Niji Narayan

Published

on

Anders Ström Reduces His Stake in Kambi to 17.5%
Reading Time: < 1 minute

 

Anders Ström, the co-founder of both the Kambi Group and Kindred, has sold 675,000 of his shares in Kambi, reducing his overall stake in the business to 17.5%.

Ström’s Veralda Investment entity sold the shares, which represented 2.2% of the total holding in Kambi, at a price of SEK 462 per share, resulting in proceeds of approximately SEK312m ($37.4m). Ström and Veralda now hold a total of 5,428,564 shares in Kambi, representing 17.5% of the provider’s ordinary share capital.

The shares were sold through an accelerated book-building process in an offering to Swedish and international institutional investors.

“I am very pleased to see the overwhelming interest from both current and new shareholders wanting to invest in Kambi’s growth story,” Ström said.

“By divesting a small part of Veralda’s shares in Kambi, we have effected an elemental reallocation within our overall portfolio of investments. Veralda remains committed as a long-term major shareholder and intends to continue to support Kambi through our representation in the board of directors.”

Industry News

Entain Partners with Synalogik to Strengthen ID and Financial Checks

Niji Narayan

Published

on

Reading Time: < 1 minute

Entain Plc has partnered with financial security technology services provider Synalogik to strengthen its identity, financial and credit checks. Through the deal, Entain has become the first major igaming operator to deploy Synalogik credit check and financial assessment systems.

Synalogik’s technology enables automatic checking and risk-scoring of thousands of customers simultaneously, providing accurate risk and open source intelligence reports in seconds rather than hours or even days with traditional methods. This significantly improves response times for customers whilst ensuring full compliance with regulatory and data protection requirements, which differ considerably across jurisdictions.

“This delivers on our vision of leveraging innovation and technology to create the best experience for every customer whilst delivering the highest standards of compliance effectiveness and corporate governance,” Brendan MacDonald, Director of Customer Protection at Entain, said.

“We are delighted that Entain is using our Scout system to support its compliance and governance processes. This unique solution provides an enriched customer view, in near real-time, drawn from multiple data sources, which enhances decision making and delivers significant efficiency and cost savings,” Gareth Mussell, CEO at Synalogik, said.

Continue Reading

Industry News

Italian Sports Betting Revenue Hits Record High in February

Niji Narayan

Published

on

Reading Time: < 1 minute

The iGaming market of Italy has experienced its second-best month ever in February 2021.

According to figures supplied by Ficom Leisure, revenue across all online verticals ticked up 4.6% from January to €351.2m, just behind the record set in December 2020. Compared to February 2020 – the last month before Italy went into lockdown – revenue was up 94.8%.

That month-on-month revenue growth was due mostly to a significant increase in sports betting revenue to a record high of €185.5m, as betting made up more than half of Italy’s total online revenue.

The closure of all retail betting shops across the country played a large role in this growth, but online betting revenue was also up 29.4% from January, which also had no retail betting.

Bet365, PlanetWin365, Snai, Eurobet, Goldbet and Sisal remained the six largest operators with more than 10% of the online betting market each, but there was significant change within that group. Goldbet became the market leader again, after holding that spot in December, with Sisal and Snai following, while Bet365 dropped from third to sixth.

Even without any revenue from the retail sector, overall sports betting revenue was level with February 2020, as the vertical recorded its second-best month since the first lockdown began, behind October 2020.

Turning to online casinos, revenue was down 12.3% month-on-month but up 83.1% year-on-year to €143.0m. While in absolute terms this was the third-best month ever for online casinos in Italy, the vertical had its lowest share of revenue since December 2017 at 40.7%.

PokerStars remained the top operator, though its share of revenue fell to 10.4%, while Sisal closed the gap as its market share grew to 9.5%. Snai, 888 and Lottomatica followed with more than 7.5% of revenue each.

Continue Reading

Industry News

Holland Casino to Open 6 Venues Under Dutch Pilot Participation

Niji Narayan

Published

on

Reading Time: < 1 minute

Holland Casino has confirmed that six of its properties will open to a select number of patrons later this month as the state operator participates in the country’s pilot events programme.

The pilot programme consists of a series of tests to see whether the venues can “open faster or to gain more space within the existing roadmap.”

Every guest will have to undergo a free rapid Covid-19 test in advance at a special location of the Open Netherlands Foundation, not at the casino itself. Guests may only enter with a reservation and a negative test certificate.

All guests are also required to adhere to basic measures, including keeping a 1.5-metre distance. The company will also implement its own protocols for safe and responsible visits.

The company adds that it would “consult with the municipalities and will do everything in its power to carry out the pilots safely and responsibly.”

It said: “We will receive further details and elaboration from the government later this week. As soon as we have the operational plan of action ready, we will inform everyone again.”

The pilot comes after a series of extended closure orders mandated by the Netherlands’ government, the most recent of which ends on April 20.

Casinos in Enschede, Venlo and Breda will open on April 24, with Amsterdam West, Utrecht and Leeuwarden following the next day.

Continue Reading
Advertisement
Lightning Roulette by NSoft
Advertisement
EvoPlay
Advertisement
Kasyno Online na HEX Polska

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.