IPO-bound Yudiz Solutions Limited, a blockchain, AI and gaming-focused enterprise technology company has received an NSE approval for an SME IPO. With this approval, the company is set to invest approximately 80 million INR to set up a gaming studio and a multi-gaming platform. The game studio will aim to produce over 40 games in a year.

Yudiz Solutions Limited, which is already known to develop apps, will now be the first game developers to be publicly listed and have its own publishing platform.

* The DRHP approval makes it the first game developers in India to be publicly listed

* The gaming studio will aim to produce over 40 games annually

* Will be the first game developers to be publicly listed

The new Yudiz Solutions Limited game studio will focus on creating high-quality games for multiple platforms. These games will leverage Yudiz Solutions Limited’s cutting-edge technology solutions and in-house expertise to design and develop the games. They will also develop games for other publishers and will also allow other developers to publish games on their new publishing platform. This will be the only gaming company to develop and publish their own and others’ games as well.

“The new business ventures will enable sectoral growth, provide us with the necessary resources to drive innovation, expand our game portfolio, elevate the gaming experience and develop gamer communities,” the Chairman and Director for Yudiz Solutions Limited, Bharat Patel, said. “It will also enable us to forge strategic partnerships, attract top talent and cement our position as strong contenders in the space.”

With an EBITDA of 21.77% for FY 22-23 and a CAGR of 42.34% for the past three years, Yudiz Solutions Limited also had a PAT of INR 2.75 CR in FY 22-23. With the recently approved DRHP the company will offload a public issue consisting of a fresh 27,17,600 equity shares.

Yudiz Solutions Limited is headquartered in Ahmedabad and recognized as a global IT service providing solutions in AI/ML, AR/VR and IoT as well as blockchain, mobile app and web development across North America, Europe and Asia. Yudiz Solutions Limited is set to disrupt the market with its innovative solutions and products. MPL, Zydus, RR Kabel, IRM Energy, SportsBuzz are some of its clients.

The International Association of Gaming Regulator (IAGR) has opened registrations for its annual conference, taking place in Gaborone, Botswana, from 16 to 19 October.

With the theme “Bringing ideas together: The exchange of excellence and innovation in regulatory practice,” this year’s event is hosted by the Botswana Gambling Authority.

“IAGR 2023 is a four-day event for IAGR members and industry thought leaders, bringing together regulators, industry leaders, and experts to share ideas and shape the future of gaming regulation worldwide,” Jason Lane, President of IAGR, said.

The conference follows last year’s sell-out event in Melbourne, Australia.

“We are honoured to host IAGR 2023 in Botswana and look forward to welcoming our global peers from around the world to our beautiful country,” Peter Kesitilwe, CEO of the Botswana Gambling Authority, said.

“We’re committed to ensuring that all participants have a rewarding and memorable experience.”

IAGR has announced two speakers and topics for the conference, with more to follow in the coming weeks.

• Earle G. Hall – Chairman, International Gaming Standards Association & CEO, AXES.ai: “Artificial intelligence will transform our industry”
• Andrew Rhodes – CEO, United Kingdom Gambling Commission: “Impact of the Gambling Act Review”

Early-bird pricing is available until 15 June.

Supplier’s sportsbook solution and services to powering online and retail channels

NeoGames S.A  subsidiary BtoBet, a leading sports betting supplier, has gone live in Mozambique with the new online brand Placard.co.mz from lottery operator SOJOGO, and Santa Casa Global, the global arm of the Portuguese National Lottery Santa Casa da Misericórdia de Lisboa.

BtoBet’s Neuron 3 sportsbook and comprehensive turnkey solution, including trading and risk management, will be powering SOJOGO’s operation on both its online and retail channels, thus allowing for a performance and risk optimisation on both the business and player side.

Dima Reiderman, Managing Director of BtoBet, said: “We are delighted to go live with SOJOGO in Mozambique and we are looking forward in propelling their sports offering thanks to what we truly believe to be a market leading solution. BtoBet is rapidly becoming recognised as the sportsbook technology partner of choice for global leaders in the iGaming industry, and we are more determined than ever to work alongside lotteries to deliver quality and robust sports betting products and services.”

Alcinda Santiago, General Director of SOJOGO said: “We look forward to generating exceptional results together, and I am positive that BtoBet’s best-in-class technology and broad expertise will contribute greatly to our success.”
Pedro Monteiro, Placard.co.mz Manager of Santa Casa Global said: “We are looking forward to offering the widest range of products and markets to our player base, and I am sure that BtoBet will be a great asset to evolve our online and retail offerings.”