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Swintt names David Flood as CTO
Rising star casino game developer strengthens management team with appointment of technology veteran
Swintt, the fast-growing casino game and live dealer provider, has strengthened its senior management team with the appointment of industry heavyweight David Flood as Chief Technology Officer.
Flood has been working in the iGaming industry for more than 16 years and over that time has held roles at tier one organisations including LeoVegas, Gaming Innovation Group, Tain, Boss Gaming and most recently Novibet where he was CTO.
At Swintt, he will be responsible for the delivery and operational running of game and platform development as well as IT systems globally. This includes ensuring that new systems and products are developed on time, to budget and integrated in an efficient manner.
Swintt is one of the fastest-growing game developers in the market and has quickly earned a reputation for creating casino content that is localised for growth markets and that taps into the different player requirements in each, leading to a superior customer experience.
This in turn has seen its content go live with some of the biggest operators in the sector including the likes of LeoVegas, Hero Gaming, Wunderino and recently Enlabs and Twin.
David Flynn, Chief Executive Officer at Swintt, said: “I am delighted to welcome David to the team and for Swintt to be able to leverage his incredible expertise and unrivalled experience when it comes to technology as well as the online gambling industry.
“We have grown at pace since day one and in order to continue to drive the business forwards, we require talent of David’s calibre. I look forward to working with him closely as we improve our technologies and processes which in turn will enable us to shift up another gear.”
David Flood, Chief Technology Officer at Swintt, said: “I am incredibly excited to be joining Swintt and to be given the opportunity to play a part in taking the business to the next level.
“My remit is to really get things into shape from a technology perspective so that Swintt is capable of entering any new jurisdiction with minimal friction and as quickly as possible. I already have a great foundation to work with but believe I can bring a lot to the table.
“I’d like to thank David for giving me such a warm welcome and I now look forward to getting on with the task at hand.”
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Kambi Group plc completes share buyback programme initiated on 18 March 2024
Kambi has during the period 13 May to 17 May 2024 (the “Buyback Period”) repurchased a total of 92,000 ordinary B shares (ISIN: MT0000780107) at a volume-weighted average price of 104.89 SEK as part of the Programme. From the beginning of the Programme, which started on 18 March, until and including 17 May 2024, Kambi has repurchased a total of 479,086 ordinary B shares at a volume-weighted average price of 96.49 SEK per share.
The objective of the Programme was 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 was carried out in accordance with the Maltese Companies Act, the EU Market Abuse Regulation No 596/2014 (“MAR”), Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”) and other applicable rules.
During the Buyback Period, Kambi has repurchased shares as follows:
Date | Aggregated daily volume (number of ordinary B shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
13 May 2024 | 20,000 | 105.08 | 2,101,612 |
14 May 2024 | 25,000 | 107.22 | 2,680,383 |
15 May 2024 | 30,000 | 104.99 | 3,149,601 |
16 May 2024 | 15,000 | 101.23 | 1,518,519 |
17 May 2024 | 2,000 | 99.98 | 199,958 |
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 17 May 2024, Kambi’s holding of its own shares amounted to 1,374,678 and the total number of issued shares in Kambi is 31,278,297 ordinary B shares. Under the Programme Kambi was authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €4.0 million.
The post Kambi Group plc completes share buyback programme initiated on 18 March 2024 appeared first on European Gaming Industry News.
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BGC Calls for Urgent Implementation of Casino Modernisation Plans
Standards body The Betting and Gaming Council has welcomed the modernisation plans for casinos, and called for their swift implementation.
Proposals outlined by the Department for Culture, Media and Sport, in their White Paper consultation response on land-based betting and gaming, included a host of modest, but mission critical, modernisation measures.
While it will take time to consider the full impact of the proposals, they did include the introduction of cashless payments, new rules on gaming machines allocations and allowing all casinos to offer sports betting for the first time.
In a further move welcomed by the BGC, the government said the Gambling Commission would consult on player protection measures to ensure the correct standards are in place where debit card payments are used on gaming machines.
While these proposals are welcome, the BGC urged ministers to act swiftly to implement the plans, so businesses could improve their offer to customers without delay.
Michael Dugher, CEO and Acting Chair of the Betting and Gaming Council, said: “Casinos are a vital pillar of the UK’s leisure, hospitality and tourism sector and we welcome the Government’s consultation response which is positive progress on the modest, long-overdue but mission critical modernisation reforms needed for the land-based casino sector to compete and thrive.
“Casinos currently employ more than 10,000 people, contribute £300m annually in tax and generate an estimated £800m a year to the UK economy.
“Much needed reforms on cashless payments, gaming machine allocations and allowing all casinos to offer sports betting will strengthen the sector to better meet the needs and expectations of their customers.
“While we welcome these proposals, attention must now shift to the timeline for implementing policy changes and we urge the Government to urgently set out a clear timeline for progressing the relevant legislation to make them reality for our members.
“Too many casinos have sadly closed in recent years as successive administrations failed to deliver the changes we needed to protect jobs and growth. The BGC and our fantastic casino members have campaigned for these new measures for years to allow businesses to modernise, innovate and grow, and we strongly welcome the Government’s approach to ensure casinos are better placed to make that happened.”
The new proposals were outlined in a Written Ministerial Statement, by Minister for Sport, Gambling and Civil Society Stuart Andrew MP.
Announcing the new measures, he said: “As set out in the Gambling Act Review white paper, the measures we consulted on are therefore necessary to modernise the outdated and overly restrictive regulations that apply to the land-based gambling sector.”
Casinos are a vital pillar of the regulated betting and gaming sector, as well as the leisure, tourism and hospitality sector. In London alone, they deliver an additional £100m to the capital’s economy. Each month around 22.5m adults in Britain enjoy a bet, whether it’s buying a lottery ticket, having a game of bingo, visiting a casino, playing online or having a wager on football, horseracing and other sports.
The regulated betting and gaming industry, including the land-based sector, already makes a huge economic contribution throughout the UK, with BGC members supporting 110,000 jobs, generating £4.2bn in tax and contributing £7.1bn to the economy. Meanwhile, the most recent NHS Health Survey for England estimated that 0.4% of the adult population are problem gamblers.
The post BGC Calls for Urgent Implementation of Casino Modernisation Plans appeared first on European Gaming Industry News.
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Amusnet Releases Diamond Plus Football Edition Video Slot
Amusnet has released a classical slot with a thematic twist in its Online Casino portfolio in light of the UEFA European Football Championship – Diamond Plus Football Edition.
Football fans will be able to enjoy exciting gameplay thanks to the high-quality graphics, ambient music, and a variety of features. The latest addition to Amusnet’s portfolio features 5 reels and 9 symbols, perfectly combining a classical fruit slot with the game’s exciting football theme to form 10 fixed paylines with spectacular prizes. Watch out for the Ball that acts as a Wild symbol boosting the already juicy wins.
Respin
When triggered, the reels on which a Wild symbol appears are being held, and the rest of the reels start to rotate automatically.
Gamble
Players can use the Gamble feature and play the game to boost their winnings.
Jackpot Cards
The Jackpot Cards Bonus game is triggered at random during the gameplay to allow players to win impressive Jackpots.
The post Amusnet Releases Diamond Plus Football Edition Video Slot appeared first on European Gaming Industry News.
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