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FRANCE PARI’s B2B division Sportnco boosts group results in Q1 2019

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FRANCE PARI’s B2B division Sportnco boosts group results in Q1 2019Reading Time: 2 minutes

 

Sportnco drives strong growth, group targets €5m EBITDA in 2019

Group revenues rose 13% to €3.5m and EBITDA 18% to €1m year-on-year during the period, Sportnco is confident of achieving EBITDA growth of just over 30% and revenue growth of c. 20% this year.

Online bookmaker France-Pari and its B2B division Sportnco’s consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose 18% to €1m in the first quarter of 2019, up from €840,000 in the same period in 2018; while group revenues grew 13% year-on-year from €3.1m in 2018 to €3.5m in the first quarter of 2019.

B2B activities driven by the group’s SPORTNCO division were the main driver of this growth, with most of the activity taking place across the European regulated markets of Spain, France and Belgium.

Group is confident of achieving €5m EBITDA in 2019

These very positive first quarter trends will soon be enhanced by the launch of bespoke sportsbooks for new clients such as SISAL in Spain or ZEBET in Portugal and the group is confident it will reach €4.5m to €5m in EBITDA in 2019.

This would represent annual growth of up to 33% when compared to the €3.7m EBITDA achieved in 2018.

Annual group revenues are also expected to grow strongly in 2019, with a 20% increase from €13m in 2018 to €15.5m this year.

Thus, EBITDA will represent just over 30% of group consolidated revenues in 2019.

Paving the way for new acquisitions

At the end of this year, the company will have reimbursed the biggest part of its debt relating to the SUERTIA acquisition it carried out in Spain in 2016. The Suertia brand has been highly successful and exceeded expectations and has enabled Sportnco to become the leading B2B betting network in Spain, bringing together GoldenPark, Suertia, Casino Gran Madrid and Casino Barcelona onto its platform.

As a result, the company is looking at potential new acquisitions to accelerate its growth in the B2B sector.

Hervé Schlosser, founder and CEO of FRANCE PARI Group, commented: “I am delighted at the progress we have made this year. Our B2B strategy in France and Spain is reaping rewards and we are now looking at acquiring profitable companies with whom we could develop commercial and financial synergies in order to accelerate our growth in B2B.”

About FRANCE-PARI:
FRANCE PARI is an online sports betting operator in France and Spain and through its SPORTNCO B2B division is a leading and fast-growing betting solutions provider to operators in regulated markets worldwide. The group is based in Toulouse, France and has offices in Lyon and Barcelona. It is the leading B2B betting solutions provider in the French regulated market with clients such as NetBet and ZEBet and in Spain with clients such as GoldenPark, Casino Gran Madrid, Suertia and Grup Peralada.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: FRANCE PARI’s B2B division Sportnco boosts group results in Q1 2019

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Kambi Group plc repurchase of shares during 23 April – 29 April 2025

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Kambi Group plc (“Kambi”) has during the period 23 April to 29 April 2025 (the “Buyback Period”) repurchased a total of 10,000 ordinary shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).

The objective of the Programme is to achieve added value for Kambi’s shareholders and to give the Board increased flexibility with Kambi’s capital structure by reducing the capital. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.

During the Buyback Period, Kambi repurchased a total of 10,000 ordinary shares at a volume-weighted average price of 118.45 SEK. From the beginning of the Programme, which started on 6 November 2024, until and including 29 April 2025, Kambi has repurchased a total of 1,262,000 ordinary shares at a volume-weighted average price of 108.89 SEK per share.

During the Buyback Period, Kambi has repurchased shares as follows:

Date Aggregated daily
volume (number of
ordinary shares)
Weighted average
share price
per day (SEK)
Total daily
transaction
value (SEK)
23 April 2025 2,000 120.13 240,268
24 April 2025 2,000 117.86 235,710
25 April 2025 2,000 119.02 238,034
28 April 2025 2,000 117.57 235,133
29 April 2025 2,000 117.68 235,365

All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 29 April 2025, Kambi’s holding of its own shares amounted to 1,262,000 and the total number of issued shares in Kambi is 29,903,619 ordinary shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary shares, up to a maximum amount of €12.0 million.

A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.

Information on the Programme is available on Kambi’s website, kambi.com/investors/share-information/

 

The post Kambi Group plc repurchase of shares during 23 April – 29 April 2025 appeared first on European Gaming Industry News.

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WinSpirit Casino Earns AskGamblers Certificate of Trust

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WinSpirit is proud to announce that it has officially received the Certificate of Trust from AskGamblers—one of the most respected accolades an online casino can achieve.

This certificate is awarded only to platforms that demonstrate exceptional standards in key areas such as fast payouts, high player ratings, and a strong commitment to responsible gambling. It reflects WinSpirit’s dedication to player satisfaction and further strengthens the brand’s reputation as a trustworthy, high-performing casino.

With this recognition, WinSpirit reaffirms its promise to players: that their funds and personal data are protected, their rights are upheld, and their experience is both fair and rewarding.

“Receiving the Certificate of Trust is not just a badge of honour – it reflects the daily effort we put into building a casino that players and partners can rely on” — says Kate Van Engelen, PR Manager at WinSpirit.

“It motivates us to continue setting the bar high in fairness, support, and transparency,” she added.

AskGamblers is an acclaimed casino affiliate website, renowned for offering players unbiased, accurate, and up-to-date information about online casinos.

The AskGamblers Certificate of Trust now takes pride of place on the WinSpirit website, serving as a clear symbol of quality, reliability, and transparency.

With over 17,000 games, a wide range of payment methods, 24/7 customer support, and generous bonuses, WinSpirit continues to set the standard for excellence in online gaming.

 

The post WinSpirit Casino Earns AskGamblers Certificate of Trust appeared first on European Gaming Industry News.

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A New Era Arrives As GTO Wizard Technology Integrates With GGMillion$ Live Stream

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In the late 1990s, the introduction of the hole card camera revolutionized televised poker, letting fans finally experience the hidden drama and brilliance behind every hand.

Now, GGPoker, the World’s Biggest Poker Room, together with GTO Wizard, poker’s leading educational platform, is proud to announce the next great leap in live poker broadcasting. Starting next Tuesday, May 6th, the GGMillion$ final table stream will feature live, on-screen analysis powered by GTO Wizard’s state-of-the-art technology.

For selected hands, viewers will see real-time strategy insights, revealing the optimal play at each betting street, and letting fans instantly track when players stick to Game Theory Optimal (GTO) strategy or go their own way. The GGMillion$ commentary team will also have access to GTO Wizard’s AI live analysis, allowing for even deeper, more nuanced coverage of the action.

This integration doesn’t just revolutionize the viewing experience — it brings a new layer of transparency and trust to the game. Each player’s decisions at the final table will be monitored for fairness, ensuring the highest integrity on the game’s biggest stage.

For the first time, poker fans will get a front-row seat to the true strategic battleground — and experience exactly what separates the world’s best players from the rest. The future of poker broadcasting is here. See it unfold live on May 6.

GGMillion$ is poker’s premier high-roller tournament, a weekly $10,300 tournament with a $1,000,000 guaranteed prize pool, attracting the game’s elite every week. Learn more about GGMillion$ here: ggpoker.com/tournaments/ggmillions/

GTO Wizard AI has revolutionized the way poker is learned and played, continuing to push the boundaries of game theory innovation. Learn more about GTO Wizard AI here: blog.gtowizard.com/ai-and-the-future-of-poker/

 

The post A New Era Arrives As GTO Wizard Technology Integrates With GGMillion$ Live Stream appeared first on European Gaming Industry News.

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