Connect with us
SOFTSWISS

Industry News

Scout Gaming Conducts Two Directed Share Issues And Receives Proceeds Of Approximately SEK 27 Million

Published

on

Scout Gaming kicks off second half year with multiple deals and sportsbook launch
Reading Time: 2 minutes

 

Scout Gaming Group ABtoday announces that the Company has successfully completed two directed share issues of approximately MSEK 27 corresponding to approximately 1.3 million shares in the Company.

 

The board of directors of Scout Gaming Group AB has, based on a authorization granted by the annual general meeting on 23 May 2019, resolved on a Private Placement through a so called accelerated “book building”-procedure of 818,871 shares (the “Private Placement”) and an additional directed share issue to Tekkorp Holding LCC in its capacity as external investor of 431,129 shares (the “Directed Share Issue”). Through the Private Placement the Company will receive proceeds of approximately SEK 17.6 million before transaction costs and through the Directed Share Issue proceeds of approximately SEK 9.3 million before transactions cost, equal to a total amount of approximately SEK 27 million. The subscription price in the Private Placement has been set to SEK 21.51 per share through a so called accelerated ”book building”-procedure, which corresponds to a discount of 10 percent compared to the last closing price of the Company’s share on Nasdaq First North Stockholm. The subscription price in the Directed Share Issue has been set at the same rate as in the Private Placement. The Private Placement was directed to Swedish and International institutional investors. In order to facilitate the Private Placement, the new shares were initially subscribed for by ABG Sundal Collier AB for an amount corresponding to the shares’ quota value. The shares will then be transferred to new and current shareholders of the Company in accordance with an agreement entered into between ABG Sundal Collier AB and the actual investors. The current shareholders who have decided to participate and receive shares in the Private Placement are Swedbank Robur Fonder AB, Provobis Invest AB and Knutsson Holding AB, and in addition a number of foreign and institutional investors have subscribed for shares in the Private Placement. In connection with payment from the investors in the Private Placement, which is expected to occur around the 4 July 2019, the Company will be added the remaining amount, i.e. the difference between the quota value and the price in the Private Placement.

The reason for the deviation from the shareholders’ preferential rights is mainly to raise capital in a time- and cost efficient manner. Through the Private Placement and the Directed Share Issue, Scout’s product offering can be further strengthen and the geographical expansion continue.

After the registration of the Private Placement and the Directed Share Issue, the total number of shares in the Company will amount to 14,533,455 shares. The Company’s share capital will increase with approximately SEK 65,789.47 to SEK 764,918.68. The Private Placement and the Directed Share Issue entails a dilution of approximately 8.6 percent of the number of shares in Scout after the Private Placement and the Directed Share Issue.

In connection with the Private Placement and the Directed Share Issue, the Company has appointed ABG Sundal Collier as Sole Lead Manager and Bookrunner and Advokatfirman Delphi as legal counsel.

Continue Reading
Advertisement




MARE BALTICUM Gaming & TECH Summit 2024

Industry News

SKS365 keeps investing in people: GROW People Management Program took the next level

Published

on

Reading Time: < 1 minute

 

11 experienced people managers from the SKS365 group’s 4 locations gathered last week in Belgrade for the new GROW People Management Program. From 15 th to 19 th of April, through trainings, discussions, and social connections, people had the opportunity to further grow individually and as a team, while enjoying Belgrade’s city center and rivers.

Created in 2023 with the purpose of building foundation people management skills across the organization, GROW initiative evolved this year by including a new, advanced program for experienced people managers to further consolidate their skills and prepare for future opportunities.

Building and fostering connections, sharing experiences, and enjoying team building experiences – all these activities have been part of the GROWpmp agenda for the 11 people managers coming from Commercial, Product and Development, Finance, and Sportsbook departments of the group’s 4 locations – Malta, Italy, Austria, Serbia.

GROWpmp included a variety of topics that people managers in SKS365 recognized as the key areas for management development. Topics such as influence through communication, team effectiveness, DEI, through to presentation skills and business topics like understanding finance and management reporting, were delivered with the support of external professionals and internal experts, while designed and organized by the SKS365 People & Culture team.

 

Continue Reading

Industry News

Kindred’s Share of Revenue from High-risk Players Shows Slight Increase

Published

on

Reading Time: < 1 minute

 

Kindred Group plc’s (Kindred) share of revenue from high-risk players showed a slight increase to 3.2% (Q4 2023 3.1%) in the first quarter of 2024. Compared to the first quarter of 2023, the high-risk revenue share decreased marginally. The percentage of detected customers who exhibited improved behaviour after interventions came in at 87.1% (compared to 87.4% in Q4 2023 and 83.0% in Q1 2023). This sustained trajectory in the improvement effect after interventions, observed over an extended period, serves as a testament to the strong dedication and collective efforts throughout the company. It reflects Kindred’s ongoing commitment to fostering positive change within the industry.

“We continue to see our share of revenue from high-risk players fluctuate quarter to quarter, and we are working closely with all teams across the company to support customers towards a more sustainable gambling experience. However, it is encouraging to see that our Journey towards Zero data has steadily decreased since 2020. A similar trend can be seen across the healthier gambling behaviour effect after interventions. This tells us two things: our work is paying off, but we need to continue to push ourselves to propel a sustainable progression,” Alexander Westrell, Director of Communications at Kindred Group, said.

“It was very encouraging to witness the open and transparent discussions at the Sustainable Gambling Conference in London on 20 March, where those with lived experience shared their important stories. Also, it is evident that technology is moving forward, and will provide greater opportunities to detect and intervene in the future. We hope to see more regulators engage with the industry and with experts to secure a more sustainable industry for everyone,” Alexander Westrell added.

Continue Reading

Industry News

PENN Entertainment Names Aaron LaBerge as Chief Technology Officer

Published

on

Reading Time: 2 minutes

 

PENN Entertainment announced that Aaron LaBerge has been named Chief Technology Officer (CTO) effective July 1, 2024, subject to customary regulatory approvals. Mr. LaBerge will report directly to PENN CEO & President Jay Snowden.

In his new role, Mr. LaBerge will be responsible for driving the technology strategy and execution for PENN, while leading the multinational team of technologists and serving as the key business leader for the company’s Interactive division.

Mr. LaBerge spent more than 20 years at The Walt Disney Company, in two stints separated by five and a half years as a technology entrepreneur. He was most recently President & Chief Technology Officer for Disney Entertainment and ESPN where he was responsible for driving all technology and product development in support of The Walt Disney Company’s two media divisions. In that role, he helped set the vision and strategic leadership for how Disney uses technology to enable storytelling and innovation, drive its business, and create unparalleled consumer experiences with entertainment and sports content.

“We are thrilled to have someone of Aaron’s caliber join our PENN executive team. Having overseen a global organization of thousands of engineers, product developers, designers, technologists, and data scientists that created some of the largest scale and most successful media properties in the world, there is no better candidate to lead our Technology and Interactive division into its future. I know Aaron is looking forward to working with Todd George, our head of operations, and our entire Executive Team to continue growing our position as a leader in online gaming, sports betting, and digital sports media,” Mr. Snowden said.

“I’m excited to join another talented team at PENN Interactive and lead our technology strategy. PENN Entertainment is at the forefront of the fast-changing gaming and sports media industry. I plan to use my experience from Disney and ESPN to help make ESPN BET an essential piece of the sports fan experience. Together, we’ll push the limits and redefine how fans interact with sports and gaming,” Mr. LaBerge said.

Prior to his most recent role at the Walt Disney Company, Mr. LaBerge was Executive Vice President and Chief Technology Officer at ESPN from 2015 to 2018. At ESPN he played an instrumental role in the growth of ESPN’s consumer-facing digital media products and services – leading many of ESPN’s most ambitious and challenging projects and helping establish ESPN’s position as the leader in digital sports and innovative sports technology development. He was a key architect in the design, development, and engineering of ESPN’s state-of-the-art facilities in Bristol, CT; Los Angeles, CA; Charlotte, NC; and Austin, TX, as well as data centers and infrastructure that connect those facilities around the world, as well as the technology design and development to support the launch of the multi-platform SEC Network.

Between 2007 and 2012, LaBerge was co-founder and CEO of Fanzter, Inc. – a venture-funded consumer software and digital product development company. At Fanzter, he directed all day-to-day operations and led the development and launch of a variety of consumer-focused internet and mobile products, ground-breaking social and commerce technologies and more.

Continue Reading
Advertisement
Alpha Affiliates
Advertisement

EveryMatrix

Advertisement

SaaS-builder for partner program development and performance marketing optimization

Advertisement

Launch your iGaming business swiftly and effortlessly with our comprehensive turnkey solutions

Advertisement

LEADING AFFILIATE MARKETING SHOW

Trending (Top 7)

Get it on Google Play

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

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