Technology

FTSE250 industry technology group Playtech Plc has confirmed this morning that it will sell its entire holding of ordinary shares in CFD trading platform Plus500. Updating investors, Playtech governance has sanctioned the sale of 11.4 million shares in Plus500, targeting a sale price of ‘1,550 pence per ordinary share’ – £176 million (€196m/$228m). Playtech’s current holding represents approximately 10% of Plus500’s issued …

OPTIMA has signed an agreement with Gaming Laboratories International (GLI) for ongoing compliance testing, security services and technical consultancy of its OPTIMAMGS platform. As part of the agreement, GLI will independently evaluate OPTIMAMGS’ individual setups for every customer, and partner ahead of the systems going live. Jacob López, OPTIMA CEO, said: “With this agreement, we will ensure that OPTIMA customers and …

New industry incumbent BlueRibbon (bluerbn.com), has confirmed that it has completed a successful first funding round, securing investment to scale-up its tailored jackpot solutions. Updating the market, BlueRibbon details that it has secured an ‘undisclosed investment’ from industry venture capital firm Velo Partners and Chris Ash, the former founder of Ash Gaming Ltd which was sold to Playtech in 2011 …

Partnering with fan engagement experts InCrowd, the Rugby Football League (RFL) is further elevating levels of fan interaction. In a move powered by Fanscore, InCrowd’s introduction of video polls has driven engagement levels up for the Rugby Football League’s successful membership platform, OurLeague, enabling the RFL to further develop direct relationships and continue to create unique experiences, for every fan. Polls …

Stockholm-listed betting software and platform provider Kambi Group Plc has strengthened its data, analytics and automation capabilities appointing Francesco Borgosano to the newly created role of Chief Analytics Officer (CAO). Borgosano joins Kambi’s executive team from The Stars Group Inc, where he most recently served as Head of Sportsbook Solutions (2017-2018), heading up quantitative insights and analysis for the firm’s …

Stockholm-listed Kambi Group Plc has confirmed that it will act as lead sportsbook software provider for Global Gaming 555, as the company expands its existing product portfolio and services. Nasdaq-Stockholm counterpart Global Gaming, which has predominately served as a Pan-European igaming operator will launch its initial online sportsbook services, operating Kambi’s full suite of software provisions. Updating stakeholders, Global Gaming …

The Sunday Times has this weekend reported that Playtech Plc is set to recruit former Sportech Plc Chief Executive Ian Penrose as a non-Executive Director advising the FTSE250 technology group on its US market expansion strategy. Penrose is considered one of the leading industry figureheads on US sports betting, having led racing systems provider Sportech Plc’s North American corporate transformation …

Vegas Kings, the web design and development agency which specialises in the igaming sector, has unveiled an extension to its partnership with Resorts Casino Hotel Atlantic City. The deal comes after the firm launched its on-property sportsbook, relating to its Resorts Digital internet gaming asset, and operations of the www.resortscasino.com and www.mohegansuncasino.com sites. The deal means that Vegas Kings has …

Online sportsbook and casino operator, 1xBet has partnered with Processing.com to roll out the firm’s acquiring solution on its platform. As a result of the partnership, 1xBet has been able to increase the approval of credit and debit card transactions, further improving its user’s experience, something that was highlighted at this summer’s World Cup, where the company was able to capture …

Accommodating its future commercial growth strategy, industry platform and technology services provider  EveryMatrix has unveiled the development of its new office in Malta. EveryMatrix’s Maltese expansion has been led by new Chief Commercial Officer (CCO) Ian Freeman who joined the company in H1 2018 from competitor Kambi Group Plc. Securing a new single-point location for EveryMatrix commercial operations, Freeman will be …