The ‘Sports Betting Zone‘ at SBC Summit Barcelona will introduce visitors to the key decision-makers from major international operators and allow them to get a glance at the next generation of sportsbook products and services in the dedicated exhibition area. On the conference side, the ‘Sports Betting Stage‘ will give the floor to some of the most influential figures in …
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The leadership of GAN has come under fire from Jan Svendsen over the management of its Coolbet sportsbook subsidiary and further corporate matters. In a LinkedIn post titled ‘GAN needs new leadership’, Coolbet Founder Svendsen lambasted GAN Chief Executive Dermot Smurfit’s management of the company, its staff, key contracts and assets. Svendsen, who sold Coolbet to GAN in 2021 for …
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Coolbet has joined the International Betting Integrity Association (IBIA) following its approval to offer online gambling services in Canada. Part of the Vincent Group acquired in 2021 by GAN – a North American B2B and B2C internet gambling company – the operator also holds operating licences in Malta, Sweden and Estonia. Endre Nesset, Senior Vice President of Global Sports at …
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The start of the 2020s has seen a range of new challenges emerge for the gambling industry, as questions are raised over responsible betting and regulators across Europe overhaul frameworks governing the sector. This was the main topic of discussion of the opening panel of the Leadership track at this week’s Betting on Sports Europe (BOSE) event – the Sportradar-sponsored …
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Spelinspektionen, Sweden’s gambling inspectorate, has warned licensed online sportsbook operators to closely follow and maintain its rules with regards to their in-play market offerings. The notice follows official Spelinspektionen warnings to Swedish state-owned racing operator AB Trav Galopp (ATG) and Polar Limited, the operating firm of Coolbet.com for breaching Gaming Act provisions on sportsbook markets. During Q1 trading, ATG has …
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Malta-registered sports betting operator Coolbet has ‘outperformed expectations’ according to GAN Plc’s Q1 2021 financial update, delivering $14.3 million in revenue. GAN closed its acquisition of Coolbet in January 2021, integrating the firm’s sports betting technology and operations, with the long-term goal of leveraging the Estonian operator’s capabilities and experience to enhance its position in the US market. Under the …
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Tim Heath’s Yolo Investments venture-capital fund has launched a sub-fund focused on the gaming and financial technology sectors. The newly established sub-fund will search for seed and A-stage opportunities across the gaming and fintech industries. Prior to launching the sub-fund, Yolo has already made investments in casino content studios OneTouch and Green Jade Games, fintech disruptions coins.io, Credis Bank and Yeahka, …
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GAN Plc has reached a ‘definitive agreement’ to acquire Malta-licensed operator ‘Coolbet’ for a total consideration of €149 million. The igaming software supplier will acquire Coolbet from its operating firm Vincent Group Malta, which will see it takeover the operator’s brand IP, trading and proprietary software assets. Updating investors, GAN branded Coolbet one of the fastest-growing European B2C operators, who …
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Innovation in the betting industry remains a prominent discussion, however, since the start of the global health pandemic the topic has risen in significance to ensure that new solutions keep customers engaged. On day two of SBC Summit Barcelona – Digital trading experts sat down to discuss what new innovations are being created for fixed odds solutions. A variety of …
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London-based video sports specialist Highlight Games has strengthened its network of partnerships after agreeing to supply its video virtual sports products to Coolbet’s online and mobile channels in all of its key markets. Under the terms of the agreement, Highlight Games’ NBA Last 60 and Soccerbet products will become available to Coolbet’s online and mobile customers, with Soccerbet available in …
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