Tag Archives: israel

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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Teddy Sagi sells 10% shareholding in Playtech Plc targeting $400 million cashout

Playtech founder Teddy Sagi continues to divest his shareholdings in the company, having issued a trading note detailing that personal investment vehicle Brickington Trading Limited is preparing to sell approximately 32 million share in Playtech Plc. Updating investors, Brickington will place approximately 10.1% of Playtech issued share capital up for sale. At present value, Playtech Plc shares are valued at …

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888 governance promotes Schwartz & Sherman to lead group specialist functions

888 Holdings has confirmed the senior executive promotions of Yaniv Schwartz and Yaniv Sherman who will oversee specialist functions within the FTSE-listed firm’s operations. Schwartz who has been with the operator since 2011, acting as Head of Dragonfish B2B gaming division will take on the specialist function on Head of Group Customer Risk Management. Moving forward Schwartz will lead 888 …

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Knockout Gaming boosts white label marketing provisions with Beehive

Industry data-led customer retention marketing (CRM) specialist Beehive continues its strong 2017 commercial momentum securing white-label services provider Knockout Gaming as a new business partner. The partnership will see Knockout Gaming supply Beehive’s omni-channel marketing platform and software to its B2C client sites, with a view of offering an optimal service for its white-label turnkey platform services. The white-label casinos will …

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Ladbrokes retail gains Beehive ‘sophisticated’ CRM tools

In a move to boost its cross-channel customer engagement capabilities, Ladbrokes has implemented industry marketing and CRM specialist Beehives tools’ across its retail estates. The FTSE-listed operator expands its current partnership with Beehive, who have delivered CRM solutions across Ladbrokes digital divisions in the past twelve months. Ladbrokes retail will be armed with Beehive’s ‘sophisticated CRM engine,’ allowing the division …

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Richard Carter to take over from Itai Zak as CEO of SBTech

Sport betting technology and software provider SBTech has confirmed that Itai Zak is to step down as CEO with gaming industry leader Richard Carter taking up the post.  Carter, former Director of research at Deutsche Bank, was responsible for running the highly rated European equity gaming franchise for the past seven years John Anderson, Chairman of SBTech, commented: “We are honored to …

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Unibet executive team explores Israel start-up scene

Exploring future innovation and further product development, Unibet Plc has sent a group of executives to meet 20 entrepreneurs in Tel Aviv, Israel. The executive team is set to visit start-up incubator Cowork Bay, to meet with Israeli early stage enterprises and technology representatives. Israeli news source Globes.co.il has revealed that twenty entrepreneurs have been invited to pitch products and …

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