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Business
July 9, 2024
Rummy Leader Passion Gaming Reacquires Shares from Rank Group
Bobby Garg and Priya Kumar, the co-founders of Indian rummy operator Passion Gaming, have re-acquired all company shares from their investors and are back in control of the company. The company’s shareholders included global gambling giant Rank Group. Rank Group, through its Stride Investments subsidiary, had invested $5 million in Passion Gaming shares, comprising of […]
Business
June 27, 2024
‘Soft2Bet Invest’ Innovation Fund Supports Industry Pioneers
Soft2Bet, a leading iGaming turnkey solutions provider, is excited to announce the launch of ‘Soft2Bet Invest’, an innovation fund nurturing the next wave of pioneering solutions in the iGaming and casual gaming sectors. This fund will provide financial and business support to entrepreneurs who share Soft2Bet’s passion for innovation and growth. The Company Is Confident […]
Business
June 26, 2024
Juroszek Family Purchases SkyCity’s Stake in GiG
The Juroszek family, a group of influential Polish investors, has increased its shareholding in Gaming Innovation Group (GiG), a leading iGaming provider and affiliate. As of Monday, June 24, the family held 25.06% of the business. The larger part of this increased shareholding was purchased from SkyCity Holdings, which sold its 10% to the Polish […]
Industry
June 18, 2024
Ixia Capital Launches with Impressive Ambitions
Ixia Capital, a new venture capital fund and studio, has officially launched with a $20 million investment aimed at high-growth companies in gaming, esports, digital assets, and related technologies. Founded by partners with extensive firsthand experience in the iGaming industry, Ixia’s primary mission is transforming innovative ideas and technologies into profitable business ventures. The Company […]
Industry
June 5, 2024
Allwyn Parent KKGC Cuts Ties with Russia
KKGC, an investment fund owned by Czech billionaire Karel Komárek, announced its intentions to cut its ties with Russian energy corporation Gazprom. This would mean that Allwyn, one of KKGC’s subsidiaries, will no longer have indirect ties with Russia. Allwyn took over the UK National Lottery recently after being selected as Camelot’s successor by the […]
Business
June 4, 2024
Xanada Investments to Reshape iGaming Business Scaling
Vladimir Malakchi, Evoplay’s former chief commercial officer, has launched an ambitious new investment fund that will target promising projects within the iGaming industry. Described as an “ideological investment fund,” Xanada Investments will target pre-seed, seed and series A funding of innovative online gaming projects. The fund hopes to change how iGaming business scaling is approached […]
Legal
June 3, 2024
Convicted Broker Gambled with Money from $1.5M Crypto Scheme
Rashawn Russell, an ex-investment banker and former registered broker with the Financial Industry Regulatory Authority, has been sentenced to prison. The 28-year-old was found guilty of engaging in a cryptocurrency-related scheme that defrauded multiple investors. Court documents show that the Brooklyn man convinced multiple investors to give him money, promising them that he would use […]
Business
May 24, 2024
Kindred Announces Major Shifts in Shareholding
Kindred Group, one of the world’s leading iGaming operators with business across several continents, has announced changes in the stakes held by two of its most prominent shareholders. In three consecutive updates, the company announced that The Goldman Sachs Group and JPMorgan Chase & Co have modified their respective shares in the company. Both companies […]
Sports
April 11, 2024
A&W Capital CEO Highlights the Importance of Integrity to Betting
The integrity of the sport is the key to the wagering industry’s success according to Matthew Wheeler, the founder and chief executive of A&W Capital. In an interview with CNBC, he shared his opinions on what makes sports betting tick and what truly engages players. According to Wheeler, the fan “has to believe” in the […]
Business
April 2, 2024
Genius Sports Parts Ways with Apax Partners’ Gabriele Cipparrone
Genius Sports, a data and tech partner that powers the global ecosystem connecting sports, betting and media, announced the departure of Apax Partners partner Gabriele Cipparrone from its board of directors. The director’s exit comes in the wake of a reduction in holdings in Genius Sports by Apax Funds through a secondary sale on April […]
