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Kindred Group respects decision made by the Norwegian Chess Congress

George Miller

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Kindred Group respects decision made by the Norwegian Chess Congress
Photo Source: chessbase.com
Reading Time: 2 minutes

 

Late Sunday night, the Norwegian Chess Federation Congress voted against a cooperation deal with Kindred Group. The proposed five-year deal would have given Norwegian chess 10 million NOK per year from Kindred Group.

”We want to commend the board of the Norwegian Chess Federation for being extremely strong through a demanding exhange of opinions leading up to this Sunday’s Congress. The same leadership have, through the 11 month process leading to the final deal proposal, impressed us through their inquisitive and responsive approach, and clear and challenging dialogue with us as a potential partner. The members of the federation have now made a choice, and that choice deserves respect,” says Rolf Sims, Public Affairs Manager Kindred Group.

”The debate about the deal has shown an enormous commitment to and great care for chess, while at the same time clarified positive and negative sides about the current monopoly and a licensing model. We now challenge other prominent industrial players and sponsors to understand the immense potential and the values inherent in the Chess Federation, so that Norwegian chess can still get access to the financing they deserve. At the same time, we hope that the internal fronts who have risen through the discussions can be set aside, enjoying the qualities in one of the most beautiful and fascinating sports on Earth,” says Sims.

Kindred Group will continue working towards allowing sports, volunteer work and other associations not supported by the current monopoly model the possibility of better financing opportunities.

”We will continue tirelessly in our daily work towards an alternative gambling model in Norway. Such a model would benefit everyone in a better way than the current monopoly system, where half of all online gamblers fall outside of the pervue of the Norwegian government, and where a large part of Norwegian sports, culture and volunteer work are not supported by the gambling funds collected by the Norwegian government”, concludes Sims.

About:
Kindred Group is one of the world’s leading online gambling operators with business across Europe and Australia, offering over 25 million customers across 11 brands a great form of entertainment in a safe, fair and sustainable environment. The company, which employs about 1,500 people, is listed on Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and founding member International Betting Integrity AssociationAssociation (IBIA) . Kindred Group is audited and certified by eCOGRA for compliance with the 2014 EU Recommendation on Consumer Protection and Responsible Gambling (2014/478/EU). Read more on www.kindredgroup.com.

Press Releases

PubCos want to test Game Payment app following successful pilot and dramatic increase in demand for cashless

George Miller

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PubCos want to test Game Payment app following successful pilot and dramatic increase in demand for cashless
L-R- John Rozek, Financial Compliance Director at Game Payment Technology and Greg Wood, Bacta Vice-President
Reading Time: 2 minutes

 

A total of 30 pub sites drawn from a cross-section of PubCos are eagerly waiting to trial the Game Payment cashless app following its successful technical pilot. Although the pilot was truncated by the prime minister’s March 20 Covid-19 instruction to close all pubs with immediate effect, it nonetheless provided the Game Payment system with a robust test of its technology which it passed with flying colours.

“Obviously we were disappointed at having to curtail the pilot for reasons beyond our control, but we were able to monitor the app in real time and in the field operating successfully on both digital and analogue machines” stated bacta Vice-President, Greg Wood, part of the senior team responsible for bringing Game Payment to market. “I am delighted to confirm that the app showed itself to be extremely robust and the pilot served as a vindication of the technology that lies behind it.”

He added: “We demonstrated the app to a number of leading UK and European operators first at EAG and then at ICE London in February.  Since then and partly as a result of the response to Covid-19, the demand for safe and reliable cashless payment solutions has soared and a significant number of our UK contacts have come back to us asking to test across a sample of their pub estates.

“We have also received lots of interest from AGC operators which has resulted in us bringing forward our development plans for this sector by six months.  As the restrictions on lockdown begin to lift, the team is looking forward to implementing the business development plan secure in the knowledge that the Game Payment app has the strongest of technical foundations.”

The Game Payment app underwent its successful pilot following completion of a payment acquiring agreement with one of the top three UK acquirers. The agreement, which was struck in February, represents the first such deal with a tier 1 UK bank for cashless gaming in pubs and other venues and is a testament of the acquirer’s confidence in Game Payment’s business plan, product credentials and financial structure, as well as the team’s ability to manage a gambling e-wallet.

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Malta

The sky’s the limit at United Remote

George Miller

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The sky's the limit at United Remote
Reading Time: 2 minutes

 

Aggregator United Remote has moved its headquarters to the state-of-the-art 14 East skyscraper, Malta’s second tallest building, and the landmark building seen from capital city Valletta.

These new premises for the aggregator are not the only change, but this is a very visible statement by the aggregator that it means business, and comes as the restructuring of the enterprise nears completion. 14 East skyscraper stands out not least due to the stunning views it showcases, reaching from Sliema and St Julian’s to Manoel Island and Valletta, right on to Mdina, which is in the middle of Malta, several miles from the prestigious office location. Moreover, the iconic building and its views can be enjoyed from anywhere within due to glass partitions, without, crucially, compromising on privacy, thanks to expert acoustic treatments.

United Remote’s aggregation platform provides a broad portfolio of games from respected international partners combined with pioneering real-time backend tools for casino operators. The company has successfully completed a period of intensive restructuring which has resulted in major technology and enterprise investments, with the organisational culture having been significantly reshaped to provide added-value to operators and the company investing in new office surroundings at 14 East for the United Remote team that mirrors management’s ambition to be a leading industry platform.

A team of over 30 people inhabits three levels within the stunning new 14 East skyscraper, delivering technology and services that are used by the global iGaming industry. Part of the floorspace is occupied by a re-energised United Remote Games, who are innovating around a legacy portfolio and bringing new releases to market with increasing frequency.

In addition to technology investments and enhancements, United Remote has been adapting the agreements the company previously had put in place, de-risking the entire enterprise, and focusing very particularly on customer protection. In addition, United Remote has been building a strong compliance culture as well as raising standards in terms of transparency, the glass fronted 14 East symbolising this transparency on a daily basis for every member of the team.

United Remote has embraced substantial change to streamline new integrations and provide operators more profitable real-time data. This is all part of upping United Remote’s service to the iGaming industry and ensuring that the B2B-channel is given priority with an easy-to-use back-end where operators can quickly set up the tools available on the platform.

Jeremy Fall, CEO of United Remote added: “It’s great to see this global company thriving in this new environment at 14 East to the extent that it has necessitated this move to these excellent new offices. It is also a great endorsement of Malta as an excellent and supportive jurisdiction for a technology company of this caliber. Working in an office like this is inspiring for the whole team and we look forward to significantly growing our business here over the next couple of years.”

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Industry News

Frankie’s on board with Sporting Index

George Miller

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Frankie's on board with Sporting Index
Reading Time: 2 minutes

 

World’s top jockey joins leading bookmaker to offer unique insight for the 2020 Flat racing season

Sporting Index has made the landmark signing of world-class jockey Frankie Dettori, widely regarded as one of the greatest riders of all time, as a brand ambassador.

The deal will see Dettori carry the Sporting Index logo on his breeches and collar, offer exclusive thoughts on his rides at sportingindex.com and support with social media posts and daily previews during the season’s major meetings, such as Royal Ascot.

The Italian’s unrivalled achievements in the Flat racing sphere consist of 19 British Classics, including two Derby wins at Epsom, and an astonishing 251 Group 1 victories worldwide. He currently holds the LONGINES World’s Best Jockey Award and has done so for three of the last five years.

Sporting Index, who launched a fixed odds offering in 2019 to run alongside its well-established spread betting service, also currently sponsor leading National Hunt jockey Barry Geraghty, who celebrated a vintage Cheltenham Festival with five wins in March.

Simon Trim, CEO at Sporting Index, said: “Frankie is the face of Flat racing, if not horse racing as a whole, so it’s hugely exciting to have him as a Sporting Index brand ambassador.

“He is often riding the most talked about horses of the season, like Enable and Stradivarius, and we’re delighted to be able to bring racing fans closer to that with his regular blog.

“Even though he has cost us plenty of money over the years, no-one has done more to promote the sport of horse racing and we couldn’t be happier to have him on board.”

Frankie Dettori, said: “I’m over the moon to be joining Sporting Index ahead of the new Flat season. There are some top-quality horses that I can’t wait to get on this year, and I look forward to telling readers all about them.

“I saw over the winter that Barry Geraghty had plenty of success with Sporting Index on his breeches, so hopefully it’s the same for me too!”

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