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pferdewetten.de Expands its Sports Betting Business with Acquisition of 25 Retail Shops
In a significant move to expand its presence in the sports betting market, pferdewetten .de has announced plans to acquire a company that operates 25 sports betting shops. SW Shops, a wholly-owned subsidiary of pferdewetten .de, has signed a letter of intent with a “renowned company in the German sports betting industry” for the expansion of its retail sports betting business. These shops are slated to operate under the sportwetten .de license starting from April 1, 2024.
Expansion of Betting Locations
Pierre Hofer, Executive Board Member of pferdewetten .de AG, stated, “With this acquisition, we are not only strengthening the expansion of our sportwetten.de betting shop network but also significantly intensifying our shop operations. In 2023, our focus was on the rapid development and expansion of the retail network. We achieved our target with 108 locations by year-end. Along with maintaining our expansion pace, we now aim to significantly increase our own portfolio, which currently stands at three stores.”
The acquisition will be carried out in two stages through a newly established company, in which SW Shops will initially hold a 30% stake. The acquisition of the remaining 70% is scheduled to be completed by 2026 at the latest. The purchase price for the initial 30% stake is approximately 6.3 million euros, with the price for the remaining 70% to be determined based on the financial results achieved in the fiscal year 2026.
Further Shop Development Plans
According to company reports, an agreement was also made for the establishment of additional shops by the established business partner in a second company, which SW Shops plans to acquire by the end of 2026. Until then, these shops will already be operating as franchise businesses under the sportwetten .de brand. “Through this agreement, we are securing a significant number of additional shops,” summarized Hofer. From 2027, these will also contribute to “undivided earnings impact.” Hofer added, “I am very grateful to our partner for the trust in our future collaboration. The management team will remain on board, continuing to support the operational development with their expertise and sales-oriented approach.”
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Bulletin from Kambi Group plc’s Annual General Meeting 2024
Kambi Group plc (Company Registration Number C49768) having its registered address situated at Avenue 77 Complex, A4, Triq in-Negozju, Zone 3, Central Business District, Birkirkara, CBD3010, Malta (the “Company”) held its Annual General Meeting on 21 May 2024 at its registered office (the “Meeting”).
Fourteen resolutions were presented to the Meeting. Twelve ordinary resolutions (resolutions a – l) were approved:
- Annual Report and the Financial Statements of the Company for the year ended 31 December 2023 were approved
- Remuneration report for the year ended 31 December 2023 was approved
- Number of Board Members 2024 was approved
- Board Members’ fees 2024 were approved
- Anders Ström, Patrick Clase and Marlene Forsell were re-elected as Directors
- Kristian Nylén and Benjie Cherniak were appointed as additional new Directors
- Anders Ström was appointed Chairman
- Guidelines on the appointment and composition of the Nomination Committee were approved
- Mazars Malta were re-appointed as external auditors
All two extraordinary resolutions, resolutions m and n, obtained one majority of two required in terms of Clause 135 of the Companies Act (Chapter 386 of the Laws of Malta), and in terms of Articles 48B.2(b) of the Articles of Association of the Company. To this end, an Extraordinary General Meeting is being convened within 30 days of today’s Annual General Meeting, as per proviso in same Clause and Articles, to take a fresh vote on the proposed resolutions.
The Board extends its gratitude to Lars Stugemo and Cecilia de Leeuw for their dedicated service and contributions.
By order of the Board
Sarah Fenech
Company Secretary
The post Bulletin from Kambi Group plc’s Annual General Meeting 2024 appeared first on European Gaming Industry News.
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UK fans able to bet on OKTAGON MMA with SkyBet after betting market debut on William Hill
UK fans are now able to get even more involved with OKTAGON MMA, after news broke that fans can bet on Europe’s leading MMA promotion with SkyBet.
Although fans can already bet in the UK via William Hill, the move to SkyBet opens up the market even further for fans wishing to get involved with the action.
OKTAGON has made significant strides to get more involved with its ever-growing UK fanbase, with the first ever show on these shores in November 2023 at the AO Arena in Manchester.
On the back of that success, OKTAGON returned twice in 2024; the first coming at the Utilita Arena in Newcastle in January, before an enthralling night at the Resorts World Arena in Birmingham in April.
OKTAGON MMA co-owner Pavol Neruda commented: “We are really pleased that our fanbase in the UK and Ireland can now engage even further with OKTAGON MMA.
“SkyBet is an extremely well-respected platform, and this exemplifies the growth of OKTAGON MMA in the UK and Ireland, a market where we have dedicated significant effort to expand, and shine a light on up-and-coming MMA talent.”
UK fans can place their first bet via SkyBet for the next OKTAGON tournament, when the organisation lands in Prague at the spectacular Fortuna Arena for OKTAGON 58 for the blockbuster rematch between Karlos Vemola and Attila Vegh in front of 27,000 fans.
The post UK fans able to bet on OKTAGON MMA with SkyBet after betting market debut on William Hill appeared first on European Gaming Industry News.
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BF Group Launches Enhanced Platform for Sports Betting and Casino Operators
BF Group, a leading innovator in the gaming and betting industry, proudly announces the launch of the latest version of their comprehensive platform designed for sports betting and casino operators. This new iteration stands out with its cutting-edge design solutions, leveraging a headless approach to ensure seamless and modern operations.
The platform is already live with BF Group’s clients, including the leading Polish sportsbook operator, LV BET.
Marcin Doszczecko, CEO of LV BET Poland and Latvia, shared his enthusiasm: “After the initial tests, we are thrilled to be part of the pilot phase of BF Group’s new platform. We’ve observed significant improvements in operational flow and profitability. The feedback from our VIP players has been overwhelmingly positive, underscoring the platform’s quality and effectiveness.”
Wiktor Grabarczyk, CEO of BF Group, commented: “We continually develop our platforms and other products, but the improvements in this iteration are so significant that we present it as a new stage in our product evolution. We are pleased to provide our partners with an even better tool, ensuring operators and their players have a comfortable and enhanced experience with our sports betting products.”
The post BF Group Launches Enhanced Platform for Sports Betting and Casino Operators appeared first on European Gaming Industry News.
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