Technology

Jason Ader demands that Playtech refocus on gambling

Renowned activist investor Jason Ader has stated to Playtech Plc governance, that the FTSE250 technology group should refocus on its gambling foundations, over expanding its subsidiary divisions. During  2018, Ader’s Springowl hedge fund has accumulated a $100 million stake in Playtech Plc, seeking to grow its influence on shareholders and the firm’s board of directors. Speaking to Reuters International, Ader …

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Lottoland becomes first lottery customer for MuchBetter

MuchBetter - 52232125 - tablet pc with a lottery app and lottery balls coming out by breaking the glass (3d render)

Lottoland has diversified the payments services made available to its players and targeted new markets after striking a deal with MuchBetter. As MuchBetter’s first lottery customer, this deal also represents an expansion into a new market for the iGaming payments company. Lottoland has chosen MuchBetter as an up-and-coming alternative to traditional e-wallets, after looking for a mobile first wallet solution …

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High Stakes as DAZN launches US property targeting OTT top spot

The eyes of tech and sports business will be firmly focused on today’s official launch of DAZN US property, Perform Group’s OTT service which aims to become ‘the Netflix of sports’. Backed by US private equity mogul Len Blavatnik’s Access Industries, DAZN seeks to revolutionise sports viewership, distribution and engagement across all continents. This summer, Perform Group stated its intent …

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Growth hungry Genius Sports begins Apax journey

Sports data and media rights distributor Genius Sports Group begins a new era under the ownership of US multinational private equity firm Apax Partners. This afternoon, Mark Locke Chief Executive and enterprise co-founder of Genius Sports confirmed that Apax had completed its acquisition. “With the acquisition now complete, we are eager to put our growth plans into action and embark …

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Playtech offloads entire Plus500 shareholding

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 …

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OPTIMA strikes compliance partnership with GLI

OPTIMA

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 …

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Jackpot disruptor BlueRibbon secures first funding round from Velo & Ash

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 …

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RFL maximises InCrowd partnership to elevate fan engagement

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 …

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Kambi recruits Francesco Borgosano as group analytics lead

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 …

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Global Gaming to build new sportsbook muscle with Kambi Group

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 …

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