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 …
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CRM marketing specialist Optimove has announced a $75 million investment led by global growth investor Summit Partners. The financing will support continued investment in strategic hiring and M&A, as well as an expansion of its Customer Relationship Management (CRM) Marketing platform. The company has also announced the addition of Summit Partners Head of Europe, Han Sikkens, and Managing Director Steffan …
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Sports betting technology provider Kambi Group Plc has underlined its continued commercial momentum, securing Q2 revenues of €42.8 million, an operator trading margin of 9.3% and a net cash position of €84.5 million. Publishing its Q2 and H1 2021 interim results (period ending 30 June), Kambi generated period revenues of €86 million, up 102% on 2020 interim results of €43 …
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What does an ideal customer engagement stack look like? A key question for operators across the betting and gaming industry that we put to Xtremepush Head of Sales for Sports Betting Victor Sevciuc, who gave the following detailed account. To start off, any stack you put together must solve specific industry challenges. That might sound obvious, but actually I’ve come …
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Operators could – and should – be putting their customer data to more effective use, believes Victor Sevciuc, Head of Sales for Sports Betting and Gaming at Xtremepush. He was speaking to us ahead of an upcoming Xtremepush webinar which will be hosted by SBC on Thursday 29 October, entitled ‘Turning player behaviour into revenue: Building an omnichannel approach to …
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US wagering to date has been dominated by conservative marriages between US casino giants and established European sportsbook operators. Flipping the script, last January Penn National acquired controversial US sports publisher Barstool for $450m, stating its intent to develop America’s dominant mass-market sportsbook proposition. Scott Longley explains why if you are still a ‘sportsbook romantic’… you should really care about …
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Kambi Group has significantly advanced its US profile by securing a ‘multi-state sportsbook services agreement’ with Penn National Gaming. Updating investors, Kambi details that it will become the lead sports betting systems and software supplier to Penn National, ‘North America’s largest regional gaming operator’, servicing both its on-property and digital disciplines. Nasdaq-listed Penn National operates more than 40 gaming facilities …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. South Africa: National Gambling Amendment Bill – if at first you don’t succeed… The National Gambling Amendment Bill 2018 (first tabled in September 2016 but much changed since then) looks like it …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. K: betting on horseracing – 2017-18 Levy, the last hurrah? The GB Horserace Betting Levy Board reported an annual income of £95m in 2017/18. This represents a 46% increase on the previous …
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US racing operator Penn National Gaming has announced that it has partnered with Sportech Racing Digital to deliver its digital and mobile betting solutions for its pari-mutuel betting inventory. Sportech Digital is set to provide Penn National with digital provisions using its G4 betting framework and Digital Link app for mobile betting. The partnership will see Sportech further provide support services …
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