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UKGC Publishes 2024 Young People and Gambling Report

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The UK Gambling Commission (UKGC) has published its 2024 Young People and Gambling Report – its annual study into children’s and young people’s exposure to, and involvement in, all types of gambling.

The research was conducted in schools, with pupils completing online self-completion surveys in class. The study collected data from a sample of 3869 11 to 17 year olds between January and June 2024.

Headline statistics include:

• 27% of young people spent their own money on gambling in the 12 months prior to taking part in the survey

• the most common types of gambling activity that young people spent their own money on were legal or did not feature age restricted products, namely:

  1. arcade gaming machines such as penny pushers or claw grab machines (20%)
  2. placing a bet for money between friends or family (11%)
  3. playing cards with friends or family for money (5%)

• 21% of young people were spending their own money on regulated forms of gambling (which includes some activities that are legal and played within licensed premises), and 15% on unregulated forms of gambling (gambling activities which fall outside the remit of the Gambling Commission)

• the proportion of young people scoring 4 or more on the DSM-IV-MR-J, representing a young person experiencing problem gambling, has seen a statistically significant increase from 0.7% in 2023 to 1.5% in 2024.

Protecting children from gambling harm is a priority for the Commission and in August it further strengthened its protections to prevent children from accessing products illegally.

From 30 August all licensees should have procedures that require their staff to check the age of any customer who appears to be under 25 years of age, rather than under 21 years of age, and all gambling land-based licensees, including smaller licensees, must carry out age verification test purchasing.

Tim Miller, Commission Executive Director for research and policy, said: “Today’s report gives us important insights into the relationship between young people and gambling.

“Where it relates to regulated forms of gambling we use the data to continuously keep under review and, where needed, strengthen the suite of protections for young people that we require gambling companies to have in place.

“However, the report also shows that young people often gamble in ways that do not require regulation, such as betting with their friends. Yet these forms of gambling can also lead to some experiencing harm. Our report points to the opportunities that parents, schools and other groups have to also help reduce gambling harm among children and young people.”

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Kambi Group plc repurchase of shares during 6 November – 12 November 2024

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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

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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.

Accumulated Bonus

During gameplay, bonus symbols accumulate, and when five symbols land, a special feature may trigger, adding the missing symbol to activate the Hold and Ring bonus mode.

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.

Free Spins with Random Walking Wilds 

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.

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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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