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LiveScore Group Announces Strategic Acquisition of Tech-Specialist Wonderlabz to Further Fuel Growth

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LiveScore Group – the global sports media business – has today announced the full acquisition of South
Africa-based software development specialists Wonderlabz.

The acquisition adds significant scale to LiveScore Group at a time of substantial growth for the business,
accelerating the process of product development as well as increasing the capability to expand into
further key territories.

Wonderlabz has established world-class development credentials centred around its industry-leading
Lithium PAM and back-office platform and renowned software talent and engineers. Specifically, the
business has played a vital role in the evolution of the app and digital platforms for LiveScore Group’s key
brands including LiveScore and LiveScore Bet.

Comprising three brands including LiveScore, one of the world’s leading real-time sports updates and
streaming service providers, and award-winning sportsbooks LiveScore Bet and Virgin Bet, LiveScore
Group has seen record-breaking success through its unique and pioneering model which converges the
worlds of sports media and sports betting.

The Wonderlabz deal comes just over one year after the announcement of a £50 million strategic
investment into LiveScore Group from Swiss-based media and tech firm Ringier AG. The subsequent 12
months have seen LiveScore Group significantly accelerate its global expansion, with this latest acquisition extending its existing holding in Wonderlabz from 25% to 100%. The move substantially increases the Group’s in-house capability and establishes a new tech hub in an emerging market.

Sam Sadi, CEO of LiveScore Group, commented:
“I’m thrilled to announce our acquisition of Wonderlabz, one of the most exciting businesses in the global
software development space. We have grown our relationship with the fantastic people and experts at
Wonderlabz over many years, and their stand-out Lithium PAM platform has played a critical role in the
ongoing success of our industry-leading convergence strategy.

I’m personally excited to work even closer with the team in Cape Town to help continue to develop a
world-class tech hub in the area, one which increases the technical capability of our business and will fuel
the potential for further growth. Welcome to the LiveScore Group family, Wonderlabz.”

Ben Johansen, CEO of the Wonderlabz group added:
“This is a hugely exciting day for Wonderlabz, as we officially join the pioneering LiveScore Group family.
Over recent years we have built an outstanding business centred on world-class software development
talent, working with the likes of LiveScore Group to develop industry-leading tech solutions.
There is no doubt that in LiveScore Group, we join one of the most forward-thinking and innovative
businesses in the sports media and betting worlds. I cannot wait for our people to continue playing a key
role in what comes next.”

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Latest News

DGA: Danes’ Gambling Spend Increased in February 2024

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Denmark’s gambling regulator Spillemyndigheden has reported an increase in gambling spend for February 2024. The total gambling spend on betting, online casino, gaming machines and land-based casino amounted to DKK 587 million in February 2024. This corresponds to an increase of 18.3% compared to February 2023.

The total increase in the gambling spend is due to increases in all four gambling categories. Among other things, the spending on betting increased by 32.5%. The growth in betting may be explained by a lower RTP in February 2024 compared to February 2023.

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Industry News

IDnow Bridges the AI-human Divide with New Expert-led Video Verification Solution

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IDnow, a leading identity verification provider in Europe, has unveiled VideoIdent Flex, a new version of its expert-led video verification service that blends advanced AI technology with human interaction. The human-based video call solution, supported by AI, has been designed and built to boost customer conversion rates, reduce rising fraud attempts, increase inclusivity, and tackle an array of complex online verification scenarios, while offering a high-end service experience to end customers.

The company’s original expert-led product, VideoIdent, has been a cornerstone in identity verification for over a decade, serving the strictest requirements in highly regulated industries across Europe. VideoIdent Flex, re-engineered specifically for the UK market, represents a significant evolution, addressing the growing challenges of identity fraud, compliance related to Know-Your-Customer (KYC) and Anti-Money Laundering (AML) processes and ensuring fair access and inclusivity in today’s digital world outside of fully automated processes.

As remote identity verification becomes more crucial yet more challenging, VideoIdent Flex combines high-quality live video identity verification with hundreds of trained verification experts, thus ensuring that genuine customers gain equal access to digital services while effectively deterring fraudsters and money mules. Unlike fully automated solutions based on document liveness and biometric liveness features, this human-machine collaboration not only boosts onboarding rates and prevents fraud but also strengthens trust and confidence in both end users and organisations. VideoIdent Flex can also serve as a fallback service in case a fully automated solution fails.

Bertrand Bouteloup, Chief Commercial Officer at IDnow, said: “VideoIdent Flex marks a groundbreaking advancement in identity verification, merging AI-based technology with human intuition. In a landscape of evolving fraud tactics and steady UK bank branch closures, our solution draws on our decade’s worth of video verification experience and fraud insights, empowering UK businesses to maintain a competitive edge by offering a white glove service for VIP onboarding. With its unique combination of KYC-compliant identity verification, real-time fraud prevention solutions, and expert support, VideoIdent Flex is a powerful tool for the UK market.”

Whereas previously firms may have found video identification solutions to be excessive for their compliance requirement or out of reach due to costs, VideoIdent Flex opens up this option by customising checks as required by the respective regulatory bodies in financial services, mobility, telecommunications or gaming, to offer a streamlined solution fit for every industry and geography.

Bouteloup added: “Identity verification is incredibly nuanced; it’s as intricate as we are as human beings. This really compounds the importance of adopting a hybrid approach to identity – capitalising on the dual benefits of advanced technology when combined with human knowledge and awareness of social cues. With bank branches in the UK closing down, especially in the countryside, and interactions becoming more and more digital, our solution offers a means to maintain a human relationship between businesses and their end customers, no matter their age, disability or neurodiversity.

“VideoIdent Flex is designed from the ground up for organisations that cannot depend on a one-size-fits-all approach to ensuring their customers are who they say they are. In a world where fraud is consistently increasing, our video capability paired with our experts adds a powerful layer of security, especially for those businesses and customers that require a face-to-face interaction.”

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Australia

VGCCC Fines BlueBet AU$50,000 for Gambling Advertising Breaches

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BlueBet has been fined AU$50,000 by the Victorian Gambling and Casino Control Commission (VGCCC) for breaching gambling advertising regulations.

The company was found guilty of 43 charges related to displaying gambling advertisements on or above public roads, contravening the Gambling Regulation Act 2003.

The charges stemmed from an investigation initiated by VGCCC, following a complaint from a member of the public. The breaches occurred over a two-week period in August and September 2022, with BlueBet’s gambling advertisements appearing on digital billboards at various locations, including Point Cook, Laverton, Rockbank and Ravenhall.

Magistrate Greg Thomas, overseeing the case, expressed scepticism about BlueBet’s defence that it was unaware of the breaches, given the strategic placement of the billboards to target males aged 15-54 years old. While no conviction was recorded, Magistrate Thomas noted the high degree of negligence exhibited by BlueBet.

VGCCC CEO Annette Kimmitt AM said: “Gambling advertising has no place on public roads where it is readily visible to children and other vulnerable groups. These places are especially difficult to avoid as part of day-to-day activities. This decision sends a clear message to wagering providers that flout these protections for our community.”

Although Magistrate Thomas considered imposing a higher fine and recording a conviction, he took into account BlueBet’s guilty plea, cooperation with VGCCC and measures taken to prevent future breaches. BlueBet has implemented changes to prevent similar incidents and has cooperated with VGCCC throughout the process.

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