Technology

Gaming Innovation Group (GiG) has confirmed the promotion of Nicola Fitton to Chief Operating Officer (COO) of the Stockholm Nasdaq technology group. The internal appointment follows Fitton’s proven leadership capabilities, having formerly served as GiG’s Director of Media Managed Services since 2019. GiG underscored Fitton’s extensive experience within all commercial disciplines of the igaming sector, in which she has previously …

Veralda Group, the investment fund of sports betting pioneer Anders Ström, has executed a series of share buys to increase its ownership in Kambi Group Plc.  This afternoon, Kambi disclosed that Veralda had completed three back-to-back tranches of Kambi transactions on the Stockholm Nasdaq, authorised between 27 October and 19 November 2021. It said: “Veralda Investment Ltd acquired 777,624 shares …

BetDEX the new venture of Nigel Eccles, former founder of FanDuel, has secured a $21 million seed funding round – “the largest ever seed executed by a UK start-up”.  A raft of investors led by San Francisco crypto fund Paradigm and Bahamas-based cryptocurrency exchange FTX has backed Eccles to transform BetDEX into the “world’s first decentralized sports betting protocol”. Last …

The board of Playtech Plc has moved to confirm media speculation that it has been approached by a third suitor seeking to acquire the FTSE250 gambling technology group. This morning, Playtech governance confirmed that on 5 November, a ‘preliminary approach’ was made by JKO Play Limited, a consortium led by former F-1 team owner Eddie Jordan and Scientific Games executive …

Sportradar AG has underlined its position as the world’s leading sports tech and data group, having published its inaugural results as a Global Nasdaq enterprise.    The Swiss group, which made its listing debut last September after securing a target valuation of $8 billion, registered Q3 revenues of €137 million – up 30% on the €105 million from Q3 2020. Global …

IGT Plc has raised its full-year corporate forecasts in light of peak performance results achieved during Q3 trading. IGT more than doubled its operating income to $212 million (Q32020: $83m) as the NYSE gambling technology group registered +$200 million in from its ‘OPTIMA – structural cost-savings program‘. Period trading saw IGT register group revenues of $984 million, up 21% on …

IGT Plc has secured a major technology agreement to upgrade the central lottery system of La Française des Jeux (FDJ) – France’s national lottery operator.  The NYSE technology group disclosed that it had won a seven-year agreement to modernise FDJ’s group-wide lottery management system, which will be upgraded to its advanced Aurora platform. IGT has maintained a technology partnership with …

EveryMatrix has confirmed the promotion of Alina Alexandru to the leadership position of Chief Technology Officer (CTO) of the online gambling platform and software supplier. One of EveryMatrix’s most seasoned technology executives, Alexandru has formally served as the group’s Head of Delivery, leading key projects and client integrations.   Alexandru joined EveryMatrix in 2012 as an integration manager and has worked …