Latest News

Gaming Innovation Group initiates strategic review for the purpose of separating the group into two independent publicly listed companies

Published

1 year ago

February 16, 2023

Reading Time: < 1 minute

The Board of Gaming Innovation Group Inc. (“GiG”) has decided to initiate a strategic review with the intention to distribute its subsidiary Innovation Labs Ltd to GiG’s shareholders. Such distribution would result in a split of current GiG into two main business segments:

Media Services includes all of GiG’s lead generation business generating online gambling leads through online media buys and publishing
Platform & Sportsbook includes the technical iGaming platforms (including Sportnco), front end development and other managed services such as player safety, customer operations and CRM/marketing.

The purpose of the split is to sharpen the focus for each business segment, optimise growth opportunities and ensure each business can benefit from the strategic and financial flexibility of their distinctive business models. The split will form two industry leading businesses with the potential to grow much faster than in the current corporate structure.

The strategic review will be initiated immediately and continue throughout 2023, and will initially focus on outlining the strategic and operational objectives that need to be achieved in order to execute the split. Final execution will be subject to all necessary corporate actions, including shareholder approvals.

Richard Brown, CEO of GiG, said: “This is a very exciting time, both for the company and its employees but also for the shareholders of GiG. I strongly believe that a split has the potential to remove hurdles and unleash new possibilities for each business segment and that we can create two very successful companies.”

Petter Nylander, Chairman of the Board, said: “Each of our Platform and Media business has reached such a maturity where it makes perfect sense to evaluate a potential split. We are looking forward to initiate the review and see how we can maximise operational output and shareholder values.“

Latest News

BetPlay and LeoVegas join speaker line-up for Kambi’s Festival of Sportsbook

Published

40 mins ago

May 31, 2024

George Miller

Reading Time: 2 minutes

Industry leaders to share their insights on the Euros and Copa América at next week’s online event hosted by the world’s trusted sports betting partner

Kambi, the world’s trusted sports betting partner, is pleased to announce that BetPlay and LeoVegas will be among the speakers at next week’s Festival of Sportsbook.

Luis Geovanni Florez Diaz, Senior Director of Operations and Product at BetPlay, and Christian Polsäter, Director of Sports at LeoVegas Group, will join Kambi’s Head of Soccer Jonathon Hurst for the session ‘Euros and Copa América: maximising a summer of soccer’. This unmissable session will delve into the strategies to acquire, retain and engage bettors across two of the biggest international soccer tournaments.

Taking place 4-5 June 2024, Kambi’s Festival of Sportsbook returns for a fourth year and will see expert speakers cover the full breadth of the sports betting industry from AI to esports to UX.

Additional sessions during the Festival include:

Exceptional, everywhere: meeting the increasingly high standards of an evolving market – hosted by Erik Lögdberg, Managing Director of Kambi Sportsbook
How local operators can seize the advantage in regulated Brazil/Panorama do Brasil: como os operadores locais podem se destacar em um mercado regulamentado (English subtitles will be available for this session)
The need for UX distinction: beating the competition with an optimised player experience
A new era of entertainment: why esoccer is a must-have for sportsbooks
Unlocking innovation through AI: how machine learning and automation are changing the game

Gerard Starkey, Kambi’s SVP Marketing & Communications, said: “Kambi’s Festival of Sportsbook provides those working in or with the betting industry valuable insights into the trends shaping the future. This year’s line-up is now even stronger with the addition of BetPlay and LeoVegas, who will be sharing their knowledge and expertise, making the soccer session one not-to-be-missed.”

The post BetPlay and LeoVegas join speaker line-up for Kambi’s Festival of Sportsbook appeared first on European Gaming Industry News.

Latest News

Wazdan player lands mammoth win on TOPsport casino platform

Published

2 hours ago

May 31, 2024

George Miller

Reading Time: < 1 minute

A lucky Wazdan player landed a mouth-watering sum this month whilst enjoying Mighty Wild™: Panther on TOPsport, a leading online betting platform in Lithuania.

A whopping €22,640.00 was awarded to the fortunate gamer of Wazdan’s famous title, first released in July 2023.

The jungle-themed offering became an immediate hit among Wazdan players due to the enticing Wild Rampage™ bonus game, Panther Mystery symbols, and the return of classic Wazdan features, including Cash Infinity™ symbols.

May’s staggering payout reflects the fruitful relationship between Wazdan and TOPsport, which has been at play since August 2020. Over 200 leading titles have been available on Lithuania’s most popular online betting platform.

Aurelia Szymon, Account Manager of TOPsport at Wazdan, said: “We’re delighted to hear that an avid player of Mighty Wild™: Panther has reaped the rewards of the several Bonus features available on this thrilling Wazdan title.

“Combined with our trusty Cash Infinity™ and Hold the Jackpot™, it is no surprise that our player has embraced the jungle and hunted a tremendous win on TOPsport’s renowned casino platform. Congratulations!”

The post Wazdan player lands mammoth win on TOPsport casino platform appeared first on European Gaming Industry News.

Latest News

NuxGame partners with Worldline to simplify payment solutions on its platform

Published

2 hours ago

May 31, 2024

George Miller

Reading Time: < 1 minute

NuxGame, the experienced betting and iGaming software provider, is adding payment orchestration to its platform after forging a partnership with Worldline, providing more streamlined global payment processes for operators.

Thanks to this new partnership, NuxGame’s operator clients can now manage payments from over 260 providers, automatically routed through a single API. This provides seamless and efficient transactions tailored to the unique requirements of its customers, reducing operational costs and increasing legitimate transactions.

Worldline’s payment orchestration can be used with standard and alternative currencies, accommodating the needs of the growing crypto casino sector.

The arrival of NuxGame’s newest payment partner follows its recent integration with Apcopay as the provider continues to broaden its capabilities with leading payment processors, while allowing players to purchase and convert cryptocurrencies directly on its platform.

Denis Kosinsky, Chief Operating Officer at NuxGame, said: “Our integration with Worldline offers a SaaS payment orchestration platform that optimises payment flows for better approval rates and reduced costs, while ensuring secure card data handling.

“At NuxGame, we anticipate the needs of operators and provide scalable solutions, empowering our customers to focus on what really matters.”

The post NuxGame partners with Worldline to simplify payment solutions on its platform appeared first on European Gaming Industry News.