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Tim Heath launches new fund within Yolo Investments

George Miller

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Tim Heath launches new fund within Yolo Investments
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New venture capital fund Yolo Investments has launched a gaming and fin-tech sub-fund, and is now searching for investment opportunities across the gaming and financial verticals.

The main fund – Yolo Investments, launched by Tim Heath in 2020 – assumes all the assets and holdings of the previous fund, Vereeni Investments. This includes investments in more than 50 companies, split across four funds, with an AUM of more than €200 million.

Yolo’s new sub-fund is focused on seed- and A-stage investment opportunities across gaming and fintech. Previous investments include casino content studios OneTouch and Green Jade Games, fintech disruptors coins.io, Credis Bank and Yeahka, and new live casino concept the Bombay Club.

Tim Heath, who until last year was CEO of the Coingaming Group, had invested the last couple of years in gradually stepping away from operationally managing the existing crypto-casino and sports betting operator he founded 10 years ago, to fully dedicating the time and effort to set up Yolo Investments as a licensed venture capital entity.

Alongside Heath, Julian Buhagiar, Steve Tsao and Ragnar Toompere will be General Partners in the Fund, whilst Jaan Lainurm and Maarja Pärt will sit on the board.

Although still relatively new in the VC space, Yolo Investments recently announced its first successful exit, notably a 6x return on its investment in Estonia-based gaming operator Coolbet – which was acquired by GAN Limited in December, as well as a successful public floatation on the Hong Kong Stock Exchange of one of its fintech assets.

The IPO and exit of Yeahka – a leading payment-based technology platform in China providing payment and business services to merchants and consumers, has continued to raise awareness surrounding the increase in numerous Asia-Pacific based unicorns in the fin-tech space.

Tim Heath, GP at Yolo Investments, said: “These new sub-funds in Yolo Investments will continue the fantastic work of Vereeni Investments over the last couple of years. We have already assembled a diverse portfolio of high-growth companies across gaming and fintech and are now looking to build specialised sub-funds to specifically focus on these verticals.

“As well as capital, we are now in a position to provide significant upside to our investments via our network.  With more than €200 million AUM, we are actively searching for disruptive businesses to which we can add value and open for investment from Limited Partners.”

Baltics

MARE BALTICUM Gaming Summit announces its main sponsors, Nordic Gambling, Altenar, Singular and ConnectPay

Zoltan Tundik

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MARE BALTICUM Gaming Summit 2021 will be hosted in two virtual Meetups and is backed by loyal sponsors

 

The #hipthers are excited to announce the sponsors’ list at the 2021 Virtual edition of MARE BALTICUM Gaming Summit.

As announced earlier, the 2021 edition MARE BALTICUM Gaming Summit will be split into two separate meetups.

The industry shareholders can choose to attend the two meetups that are planned the following way:

  • Baltics Meetup – 13 May
  • Nordics Meetup – 18 May

You only need to register once to receive access to the meetings and the recordings. You can register for free here

The full program of the conference is available on the following link: https://marebalticumgaming.com/program2021/

Leading gambling industry experts, regulators, operators, and connected service providers are expected to give speech during the conference and we would like to give thanks to the sponsors of the event.

You can read the descriptions of the companies who are supporting the conference as sponsors:

Nordic Gambling is the only legal firm in the Nordic countries that specializes in gambling-related law such as licensing, compliance advice, and public affairs.

They have gained extensive experience in the industry from working with operators, suppliers, service providers, and government regulators. Their team has been closely involved in the development of the law and regulation in a number of European jurisdictions, including Denmark and Sweden.

The partners of Nordic Gambling are recognized among the leading legal experts in the gambling industry and are qualified to assist you with whichever legal issue you may encounter.

The team at Nordic Gambling is also very pleased to announce that they have contributed a section on Sweden, first published in the latest version of the International Comparative Legal Guide to Gambling 2020. You can read that chapter here.

Singular has 10+ years of experience working with Tier 1 iGaming operators. Singular Product Portfolio includes a comprehensive and flexible iGaming platform, Sports Betting Platform with market leading features alongside a Retail solution and a Casino Core with 7000+ casino games. The three pillars of the company are: reliability, flexibility and innovation which are the founding blocks of the company’s way of work reflected in the corporate slogan BE OUTSTANDING.

Altenar is a provider of sportsbook services to licensed gaming operators. Ranging from “software-only”​ product offers to the provision of a fully managed sports betting platform stack, Altenar offers proven stability coupled with flexible and personalized service.

Their software is developed and operated in-house, whilst being powered by premium quality data feeds.

You can view their latest video on the following link: https://youtu.be/-1AistxgFQA

ConnectPay is the fastest growing Electronic Money Institution (EMI) in Lithuania – the leading fintech hub in continental Europe – providing banking services for internet based companies. By offering smooth onboarding and boutique banking experience ConnectPay has established a strong clientele featuring numerous Tier 1 gambling companies. Strong focus on different legal jurisdiction specifics enables Connectpay to make compliance work for their clients not against them.

 

For further sponsorship/speaking and marketing inquiries, make sure to reach out to Andrada Marginean (B2B Sales Executive at Hipther Agency).

For media-related inquiries, please contact Alexandru Marginean (Marketing Specialist at Hipther Agency).

To receive constant updates, subscribe here: http://eepurl.com/hfyZxf

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Baltics

Lithuania Gaming Control Authority Hardens its Stance Against Unlicensed Online Operators

Niji Narayan

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Lithuania Gaming Control Authority Hardens its Stance Against Unlicensed Online Operators
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The Lithuanian Gaming Control Authority has hardened its stance against unlicensed online operators deemed to be targeting national consumers.

The Authority has issued a warning to non-compliant businesses, reiterating that only licensed operators with special permission for online gambling are authorised to offer online gambling services.

It maintains that any active online companies that are not licensed for online gambling and have not secured the correct permits are acting illegally.

These requirements and regulations of online gaming operators are established in the Gaming Law of the Republic of Lithuania.

In a statement, the Control Authority said that it “strongly recommends all online gambling operators, to review all their activities related to remote gambling in the Republic of Lithuania and take actions to ensure that such services are not available for Lithuanian customers”.

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Baltics

Four CEOs from Service Provider Giants to Participate in CEO Keynote Panel in MGBS

Zoltan Tundik

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#MareBalticum4One of the most expected panels at MARE BALTICUM Gaming Summit will be the CEO Keynote Panel, which, for the first time in any gaming event, shall host on the same virtual stage, amazing and inspirational CEOs from four exceptional Service Providers leading the Gaming and Tech industries. Speakers shall include Ariel Reem, Co-Founder of Genesis Global, Tsachi Maimon, CEO of NASDAQ-Listed giant Aspire Global, Tal Itzhak Ron, Chairman and CEO of Tal Ron, Drihem & Co. – the award-winning Tech-Focused law firm, and Marius Galdikas, CEO of the fastest-growing EMI – ConnectPay.

The panel will be moderated by Ms. Emily Helmer, Head of Compliance and e-Merchant Services at Tal Ron, Drihem & Co., originally from the US who has been working in recent years on the most interesting transactions in the digital marketing and gaming space.

Ms. Helmer and the four CEOs shall discuss management philosophies, B2B and B2C dilemmas, Compliance as a driving force for innovation, Regulations in MGA/UK/Alderney/Curacao – their impact on the payments space and a factor for mitigating risks, disputes, and solving them, and other interesting topics.

MBGS 2021 is going to be an event to remember!

Register for free on the following link: https://marebalticumgaming.com/register-now/

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