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Tekkorp and Circle Squared

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Tekkorp Capital, the betting and gaming industry M&A and advisory powerhouse, has announced a new partnership with Circle Squared.

As a recently launched consultancy, Circle Squared, created by a quartet of respected and experienced industry professionals, now receives the immediate validation of having been selected as Tekkorp’s exclusive partner for all areas of Technical Strategy, including due diligence.

Tekkorp hand-picked Circle Squared to tap into the decades of collective experience which the four-strong team brings across delivering large scale tech platforms and transformation

programs for the betting and gaming industry. Partners Clyde Harris, Graham Cassell, Mick d’Ancona and Peter Sherman have worked with, and for, some of the biggest names in the gaming and betting industry, including Ladbrokes, OpenBet, Paddy Power, Betfair, Flutter and Caesars Entertainment.

The Tekkorp team offers deep experience of M&A, JVs, strategic partnerships, disposals, carve-outs and fundraising, highlighted by $24bn of deal value completed in the digital gaming space. Its current and historical knowledge of the corporate strategies, personalities and M&A tactics of the buyer universe affords Tekkorp and its clients a unique vantage point from which to solve complex business issues across technology selection, product due diligence, contract negotiation, entry strategy and competition comparison.

Consequently, Circle Squared will benefit from Tekkorp’s global reach and unparalleled access to the marketplace, as well as working alongside its top tier executive team. Founded by Matt Davey, Tekkorp Capital was set up to advise and invest in public and private companies who innovate in the global digital gaming ecosystem, and has put together an enviable team of deal-makers and strategic advisers, such as the ex-head of corporate strategy and development at The Stars Group, Robin Chhabra, former CEO of William Hill Online, Crispin Nieboer, and former William Hill US Chief Financial Officer, Mark McMillan.

“Circle Squared have quickly demonstrated that their experience, coupled with a structured and common sense approach to gaming technology, makes them easy to work with and produces quality output. We look forward to continuing this fruitful collaboration across a diversity of deals and structures,” said Tekkorp Capital CEO, Robin Chhabra.

“Our consulting services across a broad range of areas already cover market-entry and growth strategy, product and technology diligence, target suitability analysis, media partnerships and vendor selection. Now the Circle Squared team will help sharpen up the technical end of these services for our clients.”

Mick d’Ancona, one of the founders of Circle Squared added: “The Circle Squared team are delighted to be partnering with the advisors at Tekkorp Capital. Tekkorp is the best in the business in their space, and we’re excited to be able to bring our insight and expertise to help support them in their advisory and deal-execution activities.

“Tekkorp is retained by some significant blue-chip global gaming companies to help them solve their most pressing strategic issues. And we’re looking forward to adding our combined nous and abilities to sharpen their already multifaceted due-diligence acumen. Whether it’s competition comparison, general suitability analysis, specific technical product testing, background operational insight, or contractual stress-testing, Circle Squared brings an array of capabilities to the table.”

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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SCOUT Gaming Group : Interim report Q3 2025

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Third quarter: July – September 2025
·  Total revenues amounted to mSEK 9.6 (11.8), a decrease of 19%
·  B2B revenues amounted to mSEK 7.7 (8.4), a decrease of 9%
·  B2C revenues amounted to mSEK 1.6 (1.7), a decrease of 7%
·  Other revenues amounted to mSEK 0.4 (1.8), a decrease of 80%
·  Expenses related to write-down of receivables amounted to mSEK -1.1 (0.0)
·  EBITDA amounted to mSEK -3.9 (0.1)
·  Net result amounted to mSEK -4.7 (-0.1)
·  Earnings per share amounted to SEK -0.02 (0.00)

Interim period: January – September 2025
·  Total revenues amounted to mSEK 33.8 (30.9), an increase of 10%
·  B2B revenues amounted to mSEK 25.5 (23.2), an increase of 10%
·  B2C revenues amounted to mSEK 4.9 (4.6), an increase of 6%
·  Other revenues amounted to mSEK 3.5 (3.1), an increase of 12%
·  Expenses related to write-down of receivables amounted to mSEK -1.1 (0.0)
·  EBITDA amounted to mSEK -5.1 (-3.6)
·  Net result amounted to mSEK -7.4 (-5.0)
·  Earnings per share amounted to SEK -0.03 (-0.02)

Events after quarter end:
No events after quarter end.

The post SCOUT Gaming Group : Interim report Q3 2025 appeared first on European Gaming Industry News.

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S8UL Esports acquires Team Elite’s Free Fire MAX roster to form S8UL Elite

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Led by the seasoned IGL Pahadi, alongside Mr. Jay, Hasan, Adeeb, and Arman, the new S8UL Elite lineup is ready to make its mark and reign supreme in Free Fire MAX

S8UL, a global powerhouse in gaming and esports content, has officially announced the acquisition of Team Elite’s Free Fire MAX roster, forming its new team – S8UL Elite. This reflects the organization’s continued commitment to achieving excellence through championship-winning teams across multiple esports titles.

Spearheaded by in-game leader Lokesh Karakoti (Pahadi), S8UL Elite’s roster features some of the most prominent names in the Free Fire circuit, including Jayesh Yadav (Mr. Jay), Hasan Haider (Hasan), Adeeb Ansari (Adeeb), and Syed Arman Ali (Arman).

Naman Mathur aka Mortal, Co-founder of S8UL Esports said, “We are delighted to onboard some of the most promising players from the Free Fire MAX scene. Each of them brings a unique skill set and a deep understanding of the game, making this roster an exciting addition to our esports family. S8UL’s commitment has always been to compete at the highest level across every game we enter, and S8UL Elite marks an important step in that direction. We look forward to seeing the team make its mark in the upcoming tournaments.”

As one of India’s most celebrated Free Fire MAX athletes and creators with over 1.63 million YouTube subscribers, IGL Pahadi has been a dominant force in the scene. The 22-year-old was a key part of Team Elite’s championship-winning run at the Free Fire India Championship 2021 Fall, where the team secured over INR 41.3 lakh in prize money. He also received the Best Sniper of the Year award from the game’s publisher, Garena, earlier this year. His teammate, Mr. Jay, who clinched the Rusher of the Year award at the same event, brings equal experience and firepower to the team, having represented top Indian lineups and led his side to victory at the Free Fire Tri Series 2021. Alongside Hasan, Adeeb, and Arman, the roster forms an explosive unit determined to make its mark in the Indian Free Fire MAX circuit.

“Joining S8UL is a dream come true. It’s the home of India’s biggest gaming icons and a brand that has redefined what it means to be a professional gamer and creator in this country. With S8UL’s support, our goal is to compete and perform at the highest level in upcoming tournaments, ” commented Lokesh Karakoti aka Pahadi, IGL of S8UL Elite.

Earlier this year, S8UL Esports created history by representing India at the Esports World Cup in Riyadh, which featured a record-breaking prize pool of over INR 600 crore. Alongside its competitive success, the organization continues to lead the gaming content revolution, earning four nominations at the Esports Awards 2025, where S8UL Esports, its Co-founder Animesh Agarwal, and creators Payal Dhare and Raj Varma have all been recognized for their contributions to the global gaming community.

With the addition of S8UL Elite, the organization reinforces its mission to empower Indian gamers and creators while setting new benchmarks in esports excellence. As S8UL continues to expand its footprint across multiple titles, it remains dedicated to shaping the future of Indian gaming and taking its success stories to the global stage.

 

The post S8UL Esports acquires Team Elite’s Free Fire MAX roster to form S8UL Elite appeared first on European Gaming Industry News.

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GoldenRace announces three key enhancements to virtual betting retail platforms

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GoldenRace, leading provider of Virtual Sports and betting solutions, today announced the release of three significant platform enhancements: Rotating Display, Fast Ticket Checker and the Jackpot Viewer.

These updates are designed to optimise retail operations, improve player engagement, and provide greater operational flexibility for business partners.

The new Rotating Display feature allows operators to dynamically manage content across their retail screens. This enhancement moves beyond static displays by enabling the continuous cycling of selected GoldenRace V5 products, with Virtual Football currently integrated and additional games to follow soon.

  • Optimised resource allocation: This functionality allows a single display unit to showcase multiple products, potentially reducing the necessity for additional hardware and complex installation setups.
  • Increased visibility: By maintaining a fresh and dynamic content stream, the Rotating Display is intended to maximise player attention and encourage broader engagement with the product portfolio.

GoldenRace also introduces the Fast Ticket Checker, a self-service solution aimed at resolving in-store congestion and streamlining the ticket validation process.

  • Operational efficiency: This feature empowers players to check the status of their betting slips instantly via their personal mobile devices by scanning a designated QR code and then the ticket barcode. This redirects validation traffic away from cashiers, allowing staff to concentrate on sales activities.
  • Real-time status: Players receive immediate, server-verified updates on their ticket status, significantly reducing wait times and elevating the overall customer experience within the retail environment.

Last but not least, the enhanced Jackpot Viewer has been upgraded to offer superior flexibility in prize presentation, centralised management and increased display capacity.

  • Maximum visibility: The update enables the simultaneous display of up to four different Jackpot prizes, ensuring greater exposure for top-tier rewards.
  • Branding control: A new background colour configuration has been integrated into the back-office management system, allowing operators to seamlessly align the Jackpot Viewer’s aesthetics with their corporate branding.
  • Simplified management: All configuration settings are now centralized within the back-office, simplifying the management process. The update also includes the addition of critical entity name information on the screen for player context and specialist URL parameter configurations for advanced customisation.

These three platform updates reflect GoldenRace’s commitment to delivering technologically advanced, high-performance solutions that simplify operations for betting businesses while enhancing the experience for the end-user.

 

The post GoldenRace announces three key enhancements to virtual betting retail platforms appeared first on European Gaming Industry News.

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