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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 […]
Business
March 20, 2024
Winible Secures $6 Million in Funding to Revolutionize Sports Betting Sector
Winible, an innovative e-commerce platform targeting sports influencers and experts, has announced a significant milestone with the successful closure of a $6 million seed funding round. This funding, led by Inspired Capital, marks a pivotal moment for Winible as it aims to disrupt and transform the sports betting and gaming markets. The Platform Targets an […]
Business
March 6, 2024
Strive Gaming Secures Investment for US Expansion
Strive Gaming, a leading Player Account Management (PAM) platform in the US betting and gaming industry, has announced a successful investment round led by prominent content, platform, and service provider OpenBet. The collaboration aims to strengthen both companies’ positions in North America, particularly in emerging tribal markets, capitalizing on gambling’s increasing popularity. OpenBet Welcomed the […]
Business
February 21, 2024
Kinectify Secures Investment from Aristocrat, Adds Jason Walbridge to Board
Kinectify, a novel gambling risk management tech firm, has unveiled a new investment by Aristocrat Leisure Limited. The investment demonstrates the latter firm’s trust in Kinectify’s solutions and was joined by additional contributions from existing investors. In addition to the investment by Aristocrat, Kinectify secured backing from a number of companies and organizations, including Acies […]
Business
February 7, 2024
Light & Wonder Unveils Strategic Investment in Flows
Light & Wonder has unveiled a strategic investment in Flows, a revolutionary no-code automation platform. The deal will empower Flows, allowing it to scale up its operations and conquer new markets. Light & Wonder is no stranger to Flows’ impressive no-code automation platform and recognizes its potential to benefit the industry. The former company has […]
