Tag Archives: israel

Publishing focused XLMedia sells Webpals Mobile asset

The governance of London AIM-listed industry affiliate marketing publisher XLMedia Plc has confirmed the sale of Webpals Mobile, the firm’s app marketing subsidiary to Israel-based ad-tech and SaaS solutions provider PLYmedia. XLMedia governance has chosen not to disclose the terms of sale related to the transaction, detailing that company maintains its long-term strategy of focusing on ‘higher-margin publishing activities’. ‘Webpals …

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Video disruptor WSC Sports secures $23m funding round

Israel based WSC Sports an enterprise seeking to dominate sports video content and distribution through the development of its AI-powered platform, has announced that it has secured $23 million (€20 million) in Series C funding. The WSC Sports platform is able to analyse live match broadcasts, identifying event highlights that can be quickly customized into short-form video-clips enabling the fastest …

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Playtech reaches £25 million deal with Israeli tax authorities

Israeli - Copyright: tsyhun / 123RF Stock Photo

Playtech has agreed to pay Israeli authorities approximately £25 million following a civil tax audit assessing its activity in the country between 2008 and 2017. The gambling software company confirmed this morning that it had reached a settlement on 31 December 2018, after acknowledging that the Israeli tax authorities had made “transfer pricing adjustments in relation to certain functions”. The …

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Fair Play… WODuels launches seeking to become safest community for esports wagering

New esports platform World of Duels – WODuels.com is the latest incumbent attempting to crack competitive esports wagering. The Malta-based start-up, launches its proprietary platform focusing on duel/(head-2-head) contests/match-ups, detailing that it has created a safe and fair environment for esports players of all skill levels. “Players are matched based on their individual stats, ratings and feedback to ensure contests …

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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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Betfair – Cyprus’ ‘fuego’ brings fire & fury to Eurovision 2018 trading

The final week of pre-event trading for Eurovision 2018 (Lisbon 12 May), has seen Betfair place Cyprus’ Eleni Foureira’s ‘Feugo’ as 11/10 market favourite to win the 63rd edition of the Pan-European song contest. Eleni Foureira’s ‘Feugo’ has flipped-the-script on Eurovision 2018 trading, as the Cypriot entry was 100/1, just ten days ago. However, Betfair details that Eurovision punters have …

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Israel government settles GBI Racing contract termination

Having implemented a federal ban on horseracing wagering, the government of Israel has settled its dispute with UK and Ireland racing content distributor GBI Racing. GBI Racing, the joint venture of broadcasters’ Racing UK and At The Races, will gain a compensation of 23 million Shekels (£4.9 million) for the termination of the contract with Israel Sports Betting Board (ISBB), …

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XLMedia acquires Marmar Media outright

Updating the market, London AIM-listed industry affiliate marketing and player acquisition firm XLMedia has confirmed that it has moved to acquire Marmar Media outright. Moving forward, XLMedia will purchase the remaining 46% of Marmar Media equity for a reported sum of $2.4 million (€2 million). Seeking to expand its mobile marketing capabilities, XLMedia first acquired a 54% stake in Israel-based …

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Strained 888 implements international ‘cost efficiency’ measures

The governance of FTSE-listed online gambling operator 888 Holdings Plc has begun an international streamlining process which will see the company reduce its staff headcount as 888 seeks to reduce day-to-day operational costs. Last week Israeli business news sources reported that 888 governance would concentrate its cost reduction strategy within its Herzliya North Tel Aviv district office, which houses the …

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William Hill closes down Tel Aviv tech office

FTSE-listed bookmaker William Hill is reported to be closing down its Tel Aviv (Israel) office, which will see the company make approximately 200 staff members redundant. Israeli news sources have reported that William Hill has warned Tel Aviv staff of the impending office closure, with the company beginning to cull staff numbers. The company aims to make 200 of its …

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