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The GBGA is Proud to Announce the Formation of the Gibraltar Gambling Care Foundation
The Gibraltar Betting and Gaming Association (GBGA) is proud to announce that it has completed the set-up, formation and funding of the Gibraltar Gambling Care Foundation (GGCF) as a registered charity.
The primary aims and objectives of the GGCF are to fund research into areas that will provide consumers, gaming industry leaders, and Government regulators with usable empirically based knowledge about how to: minimise gambling harm; reduce the impact of gambling disorders and protect at risk consumers.
The GGCF will be operated independently from the GBGA under the support and guidance of councillors Stephen Reyes and Selvan Soobiah with Belvedere Trustees Limited as corporate councillor and will initially predominately fund research that will take place at the Centre of Excellence in Responsible Gaming (CERG) that is being set up by the University of Gibraltar. The GGCF has currently raised over £2.5 million from Gibraltar gaming companies to fund the setting up of the CERG and fund it for, initially at least, the next 3 years.
The Gibraltar Gambling Care Foundation will use the money raised to fund the research primarily through the CERG into areas such as:
- the impact of problem gambling on individuals, families and society and the means of mitigating negative impacts
- the prevalence of gambling addiction or other problematic behaviours and mitigation factors to prevent such adverse impacts from gambling
- practical solutions that gambling operators can implement to minimise the harm associated with problem gambling
- standardised identification, monitoring and measuring criteria for problem gambling and responsible gambling measures implemented to avoid problem gambling
- the creation, co-ordination and management of a database of online gaming industry information that can assist with research into problem gambling and responsible and safer gambling measures
Nigel Birrell, GBGA Chairman commented; “This is a pivotal step change for all Gibraltar Licensed Operators and the Jurisdiction as a whole. Having now raised an initial £2.5 million from Gibraltar Licensed Operators, we are proud to be able to hand over a well-funded foundation to Stephen and Selvan to progress Responsible Gaming Research and Development. This could not have been achieved without the open and constant support of the University of Gibraltar, who have set up this centre to help drive a change in customer protection. The GBGA, via the GGCF will be supporting the creation of an industry leading research programme aimed at exploring solutions to minimise gambling related harm and the creation of open-source databases for academic studies.
“On behalf of the GBGA I would also like to thank the Government of Gibraltar and in particular the Minister for Gaming Albert Isola and the Gambling regulator Andrew Lyman for their unwavering support and also Peter Montegriffo of Hassans for his assistance in establishing the Foundation.”
Stephen Reyes, Chairman of the Gibraltar Gambling Care Foundation said; “We are thrilled that the Foundation is up and running and that we can now commence the funding of research into these critically important areas with the support of the University of Gibraltar. Gibraltar is known globally as a premier jurisdiction in the online gambling area, so it is great that as an industry the operators have come together and set up and formed this charitable Foundation to invest in academic research to inform effective initiatives to encourage responsible gambling and prevent gambling harm.”
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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/
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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.
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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.
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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!
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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.
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