Connect with us
European Gaming Congress Milan
SIS

Australia

Vereeni Investments adds Moneyball stake to fast-growing portfolio

George Miller

Published

on

Vereeni Investments adds Moneyball stake to fast-growing portfolio
Reading Time: 2 minutes

 

Venture capital fund Vereeni Investments had made its latest move with a significant investment into Australia’s leading daily fantasy sports operator Moneyball.

The agreement will see Vereeni acquire a majority stake in Moneyball in return for a seven-figure investment.

Launching in 2015, Moneyball was the first Australia-facing daily and weekly fantasy sports operator and is powered by an innovative proprietary platform.

It holds licences applicable to all Australian states and offers a range of contests across multiple sports, including NRL, AFL, EPL, NFL, NBA, PGA, MLB, horse racing, and cricket.

The operator is also expanding internationally with a growing presence in India since 2016, and expects to be live in the US soon with other markets set to follow.

Timothy John Heath, founder and CEO of Vereeni Investments, said: “Acquiring a stake in Moneyball adds another important and complementary asset to the Vereeni ecosystem.

“Moneyball is already established as Australia’s number one daily fantasy sports platform, and we see huge potential for further growth, both in Australia and internationally.

“As an operator that has innovated from the outset, Moneyball is a perfect fit with Vereeni and we are excited to see what the future holds.”

James Fitzgerald, co-founder and co-CEO of Moneyball, said: “We are absolutely thrilled to have Vereeni Investments onboard.

“Becoming a part of the Vereeni family positions us strongly for further growth, giving us access to unparalleled global reach and expertise within the gaming sector.

“Daily fantasy sports is still a massively underserviced sector with potential to grow much faster than the broader market. We have spent the last three years searching for a partner to help us deliver on this potential, and in Vereeni we have finally found one.”

Moneyball joins Vereeni’s €100million ‘Level Up’ tech fund alongside a range of other promising early-stage ventures across the fintech, online gaming, business intelligence, insuretech and blockchain verticals, including Global Gaming, OneTouch and Singular.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Continue Reading
Advertisement
Comments

Asia

ITL welcomes new Business Development Manager for SE Asia & Australasia

George Miller

Published

on

ITL welcomes new Business Development Manager for SE Asia & Australasia
Reading Time: 1 minute

 

Innovative Technology, the leading provider of banknote validation and recycling technology have recently welcomed Ong Choo Teong to their APAC operations as Business Development Manager for South East Asia and Australasia. Ong will be based in Malaysia and is responsible for all sales activities in these established yet growing territories for ITL.

Commenting on his role Ong said, “I am delighted to take on such an important role at a time where ITL is experiencing rapid expansion. Innovative Technology is a dynamic organisation with an increasing presence throughout the globe and I am looking forward to helping grow our reach in these emerging markets.  I am settling in well and enjoying travelling across Asia to meet up with both current and potential customers.”

Ong will be responsible for all sales activities, from formulating and executing sales strategy, identifying sales opportunities, following up leads, securing new business and driving deployment of solutions. He will also support order processing and other related areas of the business as well as setting up and managing Trading Partners within the specified regions.

Welcoming Ong to the organisation, Tony Morrison, Group Sales Director said, “Ong has over 10 years’ experience in various sales and account management roles within the retail industry so is ideally placed to take on this opportunity. In his previous position Ong had responsibility for an entire retail sales division in Malaysia therefore knows the industry’s key customers well and already has many established executive-level relationships.  As an organisation we have the right products for the region and are keen to capitalise on various potential areas of growth within South East Asia and Australasia and I look forward to working with Ong to successfully achieve this.”

Check out their innovative product range: https://innovative-technology.com/products/products-main

Continue Reading

Australia

Ainsworth Appoints Former CEO Danny Gladstone as its Board Chairman

Niji Narayan

Published

on

Ainsworth Appoints Former CEO Danny Gladstone as its Board Chairman
Reading Time: 1 minute

 

Ainsworth Game Technology has appointed former chief executive Danny Gladstone as the new chairman of its board. Gladstone became chief executive at Ainsworth in 2007 and stepped down in June, but continues to serve on the board as a non-executive director.

“We are pleased to welcome Danny to his new position as Chairman of Ainsworth Game Technology following the AGM. This appointment provides us with a greater ability to utilise Danny’s vast industry experience and strong customer relationships. I look forward to working closely with him to drive future growth and profitability,” Lawrence Levy, chief executive of Ainsworth said.

The current chairman Graeme Campbell will continue to serve as a non-executive director after he steps down, as well as the newly-recreated role of lead independent director.

“We are also reinstating the role of lead independent Director. This recognizes the importance of governance and independence in ensuring the Board operates effectively. Graeme will provide leadership to the independent directors and advise the Board on matters where there may be an actual or perceived conflict of interest. We appreciate Graeme’s much-valued contribution to Ainsworth and we look forward to working with him in this role,” Levy added.

Continue Reading

Australia

ACMA Warns SEN+ for Breach of Gambling Ad Rules

Niji Narayan

Published

on

ACMA Warns SEN+ for Breach of Gambling Ad Rules
Reading Time: 1 minute

 

The Australian Communications and Media Authority (ACMA) has warned Pacific Star Network (PSN) for streaming gambling ad during the live audio coverage of the 2019 Australian Open through its SEN+ online sports radio. The advert was in relation to an online service that provides information to subscribers about horse racing.

According to the ACMA, SEN+ streamed the gambling ad at 10:58 AM on January 23, ahead of audio coverage of the Australian Open commencing at 11:00 AM. Gambling ads are banned five minutes before the scheduled start of play and five minutes after the event finishes. ACMA said that this placed SEN+ in breach of section 12 of Broadcasting Services (Online Content Service Provider Rules) 2018.

“Online service providers need to be aware of their obligations. The rules are in place to create a safe zone for children and families as they enjoy live sport broadcast on television or streamed online,” ACMA chair Nerida O’Loughlin said.

ACMA ordered PSN to commission an independent audit of its processes and practices, as well as conduct staff training to ensure future compliance with the rules. After the audit, PSN must report any findings and recommended improvements to the ACMA.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.