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Kindred Initiates Review of Strategic Alternatives
Kindred Group has informed its investors that it is exploring strategic alternatives for its long-term future and explained that it would consider a partial or full merger or sale.
Kindred’s board of directors stated that it had “unanimously decided to initiate a process to explore strategic alternatives for the company”.
The company has set no strict timetable for the review of its business and is intently focused on maximising shareholder value by any means, including a merger or sale in a full or partial capacity.
A statement read: “As part of this strategic process, the Board of Directors will consider all potential alternatives that can deliver value for the Company’s shareholders. Such alternatives could include a merger or sale of the Company (in whole or in part) or other possible strategic transactions.”
As part of the process, Kindred has hired PJT Partners, Morgan Stanley and Canaccord Genuity to act as financial advisors ahead of the strategic alternatives review and has enlisted White & Case as its legal advisor through the process.
“There can be no assurance regarding the results or outcome of Kindred’s review of strategic alternatives. Subject to compliance with its ongoing disclosure obligations pursuant to applicable laws and regulations, Kindred undertakes no obligation to make any further announcements regarding the exploration of strategic alternatives unless, and until, final decisions are made by the Company’s Board of Directors,” the statement concluded.
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Mindway AI Partners with SportsBroker to Elevate Responsible Gaming in UK Market
The post Mindway AI Partners with SportsBroker to Elevate Responsible Gaming in UK Market appeared first on European Gaming Industry News.
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Kambi Group plc and BetCity strengthen partnership with multi-year extension
Kambi Group plc (“Kambi”), the home of premium sports betting solutions, has agreed a multi-year extension to its successful sportsbook partnership with BetCity, a leading online sports betting and gaming operator in the Netherlands. In 2022, BetCity was acquired by Entain, one of the world’s largest sports betting and gaming groups.
The extended agreement will see Kambi continue to provide BetCity with its online Turnkey Sportsbook, the world’s leading end-to-end sportsbook solution. BetCity also leverages native app technology from Shape Games, Kambi Group’s Front End division, to provide an enhanced user experience.
Kambi first partnered with BetCity in 2021, successfully launching on day one of the Netherlands’ regulated online gambling market opening in October of that year. Following the launch, BetCity quickly established itself as one of the Netherlands’ leading brands.
Werner Becher, Kambi CEO, said: “We are delighted to extend our partnership with BetCity, a brand that has demonstrated exceptional ambition since its inception. This agreement reflects the strong relationship we have built over the past few years and underscores Kambi’s commitment to empowering partners with the premium technology and services needed to succeed in regulated markets. We look forward to continuing this journey with BetCity and supporting their next phase of growth as part of Entain’s stable of brands.”
Vic Walia, CEO of BetCity, added: “Since partnering with Kambi, BetCity has gone from strength to strength, achieving a prominent position in a highly competitive market. Kambi’s advanced Turnkey Sportsbook and high-quality service have been pivotal to our success, and we are excited to extend this collaboration as we continue to deliver a premium betting experience to our players in the Netherlands.”
The post Kambi Group plc and BetCity strengthen partnership with multi-year extension appeared first on European Gaming Industry News.
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Reelsoft launches Platform as a Service to empower game studios with affordable RGS access
Reelsoft, a leading provider of iGaming technology, has introduced Platform as a Service, a groundbreaking commercial model that allows game studios and aspiring developers to access its Vision RGS without the high upfront costs of purchasing their own platform.
With this new offering, studios can focus on game development without needing significant capital investment in the RGS, infrastructure, backend development, or internal hosting. Platform as a Service provides two flexible options: a shared instance for cost-efficient access or a dedicated instance with full back-office capabilities.
“We recognise that many innovative studios want to develop and distribute their own games but lack the financial resources to acquire their own RGS in the start-up phase,” said Thomas Nimstad, CEO of Reelsoft. “By introducing Platform as a Service, we’re making it easier for companies to enter the market, scale their content, and bring their ideas to life without the extensive barriers to entry.”
Reelsoft’s Vision RGS is an industry-leading platform that simplifies game development while offering unmatched scalability and ownership. By combining this new commercial model with its full ecosystem of tools – including Vision Link for aggregation, Vision Back Office for analytics, and Vision Promotions for player engagement – Reelsoft continues to provide a one-stop solution for game studios to thrive.
For companies looking to fast-track their entry into iGaming, Platform as a Service is the perfect solution. Get in touch with Reelsoft to learn more about this new opportunity.
The post Reelsoft launches Platform as a Service to empower game studios with affordable RGS access appeared first on European Gaming Industry News.
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