Technology

FSB has announced a ‘European Tier-1 client win’, securing Olympic Entertainment Group (OEG) as a new customer of its casino platform and over-the-counter retail solution. The partnership sees FSB power the casino vertical of OEG’s flagship OlyBet brand, which is recognised as the leading omnichannel operator within the Baltic markets of Estonia, Latvia and Lithuania. Key provisions will include FSB …

IGT Plc has disclosed that it has increased the cap on its tender offer to raise cash from its US and EU senior debt notes from $500m to $600m.  This September the NYSE technology group authorised a ‘purchase for cash’ transaction, aiming to raise $500m from its outstanding $1.1bn senior secured $ notes due for 2025 at a 6.5% interest …

Sportradar Integrity Services has agreed to monitor competitions of the European Table Tennis Union via its Universal Fraud Detection System (UFDS). The UFDS has previously provided integrity oversight of the 2022 European Championships in Munich last month already, which was labelled a success.  The extended deal includes upcoming matches in the European Championships, and Men’s and Women’s Champions League, amongst …

Flows (Flows.ai) has formed a strategic partnership with Finnplay that will see its AI-automated workflow automation system promoted to customers utilising Finnplay’s full-service igaming platform.  The partnership will allow Finnplay casino and sportsbook partners to access Flows’ proprietary-built ‘no-code innovation platform’ that facilitates seamless integration of third-party software/solutions. Finnplay underlined that the partnership would  help operators reduce costs and improve …

Despite the heavy blows dealt to cryptocurrencies earlier this year, SOFTSWISS has pointed to steady activity in crypto betting during H1.  The crypto crash of May was a major hurdle in the cryptocurrencies’ upward trajectory in recent years, as the sector lost over $100bn in value in just a few minutes, with blockchain giant Bitcoin falling by 5%. However, looking …

The board of PlayAGS has alerted the New York Stock Exchange (NYSE) that it will no longer proceed with deal negotiations to be acquired by Inspired Entertainment Inc.    On 12 August, PlayAGS disclosed that it had entered negotiations with Inspired, who had proposed a $10 cash per share offer to acquire the Las Vegas-based games developer and gambling machine components …

A major betting and gaming M&A development took place this morning, as Kambi completed its acquisition of Shape Games to bolster its front end services. Carried out for a total consideration of €38.5m, the takeover will include a performance-related earnout of up to €39.6m, which could bring the total figure to €78.1m.  Stockholm-based Kambi undertook the merger after identifying the …

OneFootball has appointed Renato Todorov as its first Chief Technology Officer (CTO) to accelerate the continued growth of football’s biggest media platform.  A 20-year technology executive, Todorov joins OneFootball from South American social-commerce platform Favo, where he served as CTO. OneFootball underlined Todorov’s proven credentials of delivering high-performance tech to markets, having previously served as Global VP of Engineering for …

Yolo Investments has cemented its partnership with BETEGY even further after closing its latest round of funding. The investment, which is said to total “an undisclosed sum in the millions of euros”, will enable BETEGY to scale its products further and power the next stage of its global expansion. Commenting on the investment, Tim Heath, GP at Yolo Investments, said: …