Stars Group raises $622m via public offering

first_img Tags: Card Rooms and Poker Online Gambling Stars Group raises $622m via public offering The Stars Group has generated approximately $622m (€535.1m) via a public offering to help fund its acquisition of Sky Betting & Gaming (Sky Bet) Email Address Subscribe to the iGaming newsletter The Stars Group has generated approximately $622m (€535.1m) via a public offering to help fund its acquisition of Sky Betting & Gaming (Sky Bet). Announced last week, the offering featured common shares priced at $38 per share. The group sold a total of 17,000,000 common shares, while certain shareholders in Stars Group sold off 8,000,000 common shares. Stars Group and selling shareholders have granted underwriters for the offering an over-allotment option to purchase up to 1,875,000 and 1,875,000 additional common shares, respectively. This option is exercisable for a period of 30 days from June 21. Stars Group intends to use the net proceeds from the offering to help finance its purchase of Sky Bet, which it agreed to acquire in April for $4.7bn.Related articles: Stars Group proposes public offering to fund Sky Bet deal Stars Group to acquire Sky Betting & Gaming for $4.7bncenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Topics: Casino & games Finance Strategy Poker 27th June 2018 | By contenteditorlast_img read more

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FDJ smashes records thanks to World Cup glory

first_img Regions: Europe Western Europe France French gaming giant Française des Jeux (FDJ) will not be privatised until at least next year the company has confirmed as it announced record sports betting and digital takings boosted by France’s FIFA World Cup win.As it released its H1 results, FDJ said it took €333m ($390m) in bets over the course of the World Cup, which was up 75% on the 2014 tournament, and well above the conservative pre-tournament estimate of €200m, as punters warmed to France’s triumph in Russia. FDJ’s total was just less than half the €690m in total bets made in France during the tournament, according to new industry-wide figures released by Arjel.The France-Croatia final itself generated €67m across the sector, according to Arjel, with FDJ’s €32m a record for bets on a single match.FDJ said in a trading update: “These good results are explained by the extraordinary career of the Blues [national team], by the efforts of the company in terms of supply, accessibility and listing, as well as by the influx of French [punters] in the bar-tobacco-press following the games.”FDJ said that in the six months to June 30 – so just half way through the World Cup – digital bets amounted to €1.2bn, up more than 54%. They made up 15% of total bets, which is still some way short of the company’s goal of reaching 20% by 2020.In total the company brought in €7.9bn in the first six months of the year up 5.3% on last year. €1.6bn in sports betting takings was up by almost 25%.By the time France come to defend their World Cup title in 2022, FDJ – which is part state-owned – could well be a private entity. Last June, a draft law was introduced which set out plans to sell off at least some of the government’s 72% share.Speaking about the future of the company, CEO Stéphane Pallez told AFP that parliamentary debates lasting until at least the end of this year mean there will be no progress until 2019.Pallez said that the proposed sale would offer an opportunity for the company to “remain one of the leaders in the sector. You need to be able to continue to grow, especially internationally.”She added: “Having open capital can be an opportunity to involve partners. If the state decided to quote the company, it could also be an opportunity to have an offer to the general public, but that is only one of the options.”Meanwhile, FDJ will be a more visible presence in French football next season after it announced partnerships with Lyon, Monaco and Nantes. It also agreed a deal with Marseille last month, with the four partnerships following a previous agreement with the Professional Football League (LFP). Future looks bright for French gambling giant, but CEO says privatisation won’t come any time soon  FDJ smashes records thanks to World Cup glory Finance Topics: Finance Sports bettingcenter_img 20th July 2018 | By contenteditor AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

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Interview: Buckley begins Nektan tenure

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Regions: Asia Europe US Lucy Buckley has taken an unusual route to reach her first CEO role in the industry. Having originally worked for an external agency handling what was then Inspired Gaming Group’s PR account, she shifted in house, then rose through the ranks as a key executive to become its vice president of interactive. Having moved on from that business, she has now taken on a new challenge as Nektan chief executive.While Buckley becomes Nektan’s first permanent CEO for the business since Leigh Nissim vacated the seat for a position at Scientific Games in June 2017, the business has hardly stood still in the time since. Having originally begun life as a white label business, Nektan has since expanded significantly, launching a B2B division offering its E-Lite content aggregation platform, and is expecting to break even by the end of its current financial year in June 2019.It’s this hybrid B2B-B2C model that appealed in particular to Buckley when weighing up Nektan’s offer.“I was particularly interested in working in a role purely in the interactive space and excited by the prospect of running a business covering both the B2C and B2B sectors,” she says. “Nektan is underpinned by strong technology, has a great startup culture, and is at a critical point in its expansion plans, so it’s a really exciting time to be joining.”While her role at Inspired was very commercially-focused, she says the Nektan CEO role is centred around technology, as well as expanding its distribution network. This is especially key considering the business’ move into content aggregation, she notes, with four new partners launching in the last few months of 2018, including BetVictor and 1XBet, and 10 clients live in total.This has driven impressive growth – albeit from a low base – in recent results. Total revenue for the second quarter of the year, ended December 31 2018, was £8.6m, up 28.4% quarter-on-quarter and 83% year-on-year. While the supplier’s white label business, comprising 145 sites, remains the key source of revenue, the B2B division is growing in prominence.“BetVictor going live on the E-Lite platform was a landmark deal for us, demonstrating the quality and appeal of our offering to global operators of all sizes,” Buckley says.Key to the growth of E-Lite is the focus on differentiation, providing smaller studios with a remote games server to deploy content in regulated European markets. This, Buckley says, provides a platform – literal and metaphorical – for innovative developers to carve out market share.One of these partners, Rising Entertainment, is a Japanese studio with a background in the pachinko market. Two of Rising Entertainment’s titles are now live via E-Lite. To give its suppliers a better chance of gaining traction in the crowded online slot market, Nektan also provides a range of bonusing tools, such as free spins, allowing its operator and white label clients to devise multi-supplier marketing campaigns around specific games.As it straddles the B2C and B2B sectors, Nektan also allows partners to launch its games as B2B products via E-Lite, as well as via its white label network.However this focus on growing its B2B and white label businesses looks set to lead to Nektan taking a step back from its US aspirations. It originally established Respin, a joint venture with Spin Games to offer in-venue mobile gaming products to casinos, in November 2014. Nektan then took full control of the JV, and now looks set to sell a controlling stake in the division to an unnamed investor.Buckley denies that this is a sign that the project has failed: “We still really believe in our technology and the opportunity presented to us by the US market,” she says. “We’ve got a compelling product, as well as a number of operator partners ready to go live and more prospective clients in the pipeline.“We feel however, we need a partner to accelerate that growth in the US; the division originally launched as a joint venture with Spin Games before we took full ownership,” she explains. “So in effect, it has always ran as a subsidiary of the main business – therefore isn’t really a major change.”She also refutes the suggestion that the growth opportunity presented by on-premises igaming has proved to be less lucrative than many in the industry initially believed.While igaming presents a fantastic opportunity in New Jersey and Pennsylvania, she says, this is just two states from a potential 50.“Having a mobile on-premise solution is really critical for operators in states that want to engage with players through digital channels, and to prepare players for a full iGaming roll-out [when regulation permits],” she says. “It’s a stepping stone on the way to a full interactive strategy, so there’s still a lot of excitement around the on-premise product.”Nektan aims to prove this by announcing its launch with what Buckley says is a “tier one operator”, as well as converting a pipeline of opportunities across the states but in California in particular into new deals.Despite these opportunities, she says it is still important to bring in third-party investment to the US division as Nektan looks to reduce cash burn and become EBITDA positive. Growth in Europe and Asia, coupled with ceding control of the US arm to an investors, sets it on course to achieve this by the end of June this year.This shift to profitability, coupled with the growth of the B2B division, means Buckley is optimistic for the year ahead, especially as consolidation sees other platform providers and studios swallowed up by larger competitors.“We remain totally independent, which allows us to attract leading partners in the industry,” she says. ‘We’re working towards becoming the default casino module provider for a number of sportsbooks, and will be launching a number of new clients in the coming months. This will be key to our growth in 2019.” Subscribe to the iGaming newsletter Email Address Tags: Mobile Online Gambling Topics: Casino & games People Strategy Tech & innovation Lucy Buckley has moved on from Inspired Entertainment, where she rose from doing the supplier’s PR to running its interactive division. As Nektan’s new chief executive explains why she believes the supplier is set for a stellar year Interview: Buckley begins Nektan tenure 5th February 2019 | By contenteditorlast_img read more

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Stats snaps up Perform to create data giant

first_img US sports data giant Stats has struck a deal to acquire Perform, the digital sports media and content provider that operates the Opta, RunningBall and Watch&Bet services for gaming industry partners and sports media companies.The value of the deal, which is expected to close in the second half of 2019, was not disclosed.Perform Group changed its name to DAZN Group in October and separated its online-streaming and B2B units with the creation of the Perform Content division, paving the way for a likely spin-off.Vista Equity Partners has helped to fund the fund the transaction, with DAZN set to receive a combination of cash and a minority shareholding in the newly formed company. PJT Partners served as exclusive financial advisor to DAZN and Perform for the deal.Perform Content posted a 41% increase in turnover to £278m in the 12 months through to December 2017.The merger has been announced just days after Perform sealed an agreement to become an authorised betting data distributor in the US for North America’s Major League Baseball.Perform already collects and distributes data from various other major sports league from around the world via its RunningBall fast data service, including football’s English Premier League and LaLiga in Spain.In February, Perform unveiled Bet365 and SkyBet as the launch partners for its new Opta Fast Player Statistics Feed real-time data service.Simon Denyer, the chief executive of Perform’s parent company, DAZN Group, said that all net proceeds from the deal would be invested into DAZN, which operates streaming services in various markets worldwide, as well as other online assets such as the football-dedicated website Goal.com.Stats CEO Carl Mergele was keen to stress the opportunity to establish a new entity that will aim to break new ground in technological innovation.“Bringing Perform into the fold will create the most advanced artificial intelligence company in sports, providing deeper, more robust data and insights, which is essential to our global partners,” he said.“Not only will we be able to improve our offerings to existing customers, we now have the opportunity to expand our presence in global markets where Perform has paved inroads for years as a leader in digital sports content.”Perform was previously listed on the London Stock Exchange before returning to the hands of previous owner Access Industries, the privately-owned industrials group controlled by Len Blavatnik.“The combination of STATS and Perform creates a powerful opportunity as the experience of sports for consumers continues to evolve,” Blavatnik said.Vista Equity Partners founder, chairman and CEO Robert Smith added: “Stats and Perform are two exceptional, highly complementary companies with extensive backgrounds as industry innovators that will deliver superior products to customers as one combined entity.” Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 15th April 2019 | By contenteditor Stats snaps up Perform to create data giant Topics: Finance Sports betting Finance US sports data giant Stats has struck a deal to acquire Perform, the digital sports media and content provider that operates the Opta, RunningBall and Watch&Bet services for gaming industry partners and sports media companies. Email Addresslast_img read more

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Gaming Realms appoints Chris Ash to board

first_img Mobile games developer Gaming Realms has appointed entrepreneur and experienced industry executive Chris Ash to its board as a non-executive director. Ash will take on his new role with immediate effect. Gaming Realms appoints Chris Ash to board Topics: People Strategy People Mobile games developer Gaming Realms has appointed entrepreneur and experienced industry executive Chris Ash to its board as a non-executive director.Taking on his new role at Gaming Realms with immediate effect, Ash has worked in the gaming sector for more than 18 years.Ash is perhaps best known for founding gaming content developer Ash Gaming, which he sold to Playtech for £23m (€26.0m/$29.2m) in December 2011.Following the sale, he moved into the role of head of the solutions giant’s open platform divison, running the content aggregation business with 25 partner studios and assisted with M&A.Ash remained in this role until March 2015, when he left to found the Ash Capital corporate advisory business. More recently, he has invested in and advised both BlueRibbon Software and Stashbee.“We are delighted that Chris has agreed to join the company; his significant experience in content development and global licensing closely aligns with our strategy to scale our licensing business,” Gaming Realms’ non-executive chairman, Michael Buckley, said.Gaming Realms has confirmed that Ash holds 1,965,680 of the company’s ordinary shares, priced at 10 pence apiece. Tags: Mobilecenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter 6th June 2019 | By contenteditor Email Addresslast_img read more

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XLMedia seeks new financial chief as Dahan exits

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Yehuda Dahan has stepped down as chief financial officer of XLMedia with immediate effect. The digital marketing services provider will now begin a search to appoint a permanent replacement. Subscribe to the iGaming newsletter XLMedia seeks new financial chief as Dahan exits Yehuda Dahan has stepped down as chief financial officer of digital marketing services provider XLMedia with immediate effect.XLMedia did not disclose the reasons behind the departure, but did confirm that it will immediately commence a search for a permanent replacement. Dahan joined XLMedia as CFO in June 2013 having previously served in the same role at private equity business Silverboim Holding for seven years. He also spent 13 months as financial controller at real estate specialist Milomer Group.Liat Hellman, who is currently CFO for XLMedia’s Webpals subsidiary, will take on Dahan’s role on an interim basis while a replacement is sought. Hellman, who has been with XLMedia since 2012, will not join the provider’s board at this time.“We’d like to extend our thanks to Yehuda for his long-standing contribution to the Group; we wish him every success for his future endeavours,” XLMedia’s non-executive chairman, Chris Bell, said.Dahan’s exit comes ahead of Stuart Simms taking on the role of chief executive at XLMedia. Simms, currently of Rakuten Marketing, is due to join the provider on October 2, replacing its co-founder and long-serving CEO Ory Weihs.Weihs is due to remain on the XLMedia board as a non-executive director after Simms takes over as CEO next month. Peoplecenter_img 23rd September 2019 | By contenteditor Tags: Online Gambling Email Address Topics: People Strategylast_img read more

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Lithuania gambling participation down despite igaming increase

first_img Online gambling participation rates in Lithuania almost doubled between 2017 and 2019 according to new research commissioned by the Lithuanian Gambling Supervisory Authority, but the overall number of people gambling in the country declined.Market research firm Vilmorus carried out the study under the instruction of both the national regulator and Lithuania’s Ministry of Finance, speaking to a total of 1,001 people from across the country.The research found that 10% of those who took part in the survey had gambled, down from 13% when a similar study was carried out in 2017. People aged 29 or under were more likely to gamble than older age groups.However, despite this overall decline, the survey noted a significant increase in the amount of people gambling online, with this increasing from a 16% share in 2017 to 30% in the new study.This increase backs up figures released by the Ministry of Finance in August that showed online gambling revenue in the Lithuanian market climbed by 41.8% to €17.5m (£15.2m/$19.4m) in the first six months of 2019.Other findings from the survey included 71% of respondents saying advertising had an impact on their decision to gamble, down slightly from 74% in 2017. This is likely to change over the coming years with the government having approved new laws to introduce stricter regulations for gambling advertising.The survey also highlighted a greater understanding of problem gambling, with 66% of respondents saying they were aware that they could opt to self-exclude from gambling, up from 61% two years ago.To date, the Supervisory Authority has received 10,347 requests from players to restrict their access to gambling. Of those that have self-excluded, 94% were men and just 6% were women, with the majority of requests filed by individuals aged between 18 and 40.At the same time, underage gambling is on the decline in the country, with the number of minors trying to access gambling services down 5% from 2017.Image: Max Pixel Email Address 25th October 2019 | By contenteditor Casino & games Regions: Europe Baltics Lithuania Tags: Online Gambling OTB and Betting Shops Topics: Casino & games People AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Online gambling participation rates in Lithuania almost doubled between 2017 and 2019 according to new research commissioned by the Lithuanian Gambling Supervisory Authority, but the overall number of people gambling in the country declined. Lithuania gambling participation down despite igaming increase Subscribe to the iGaming newsletterlast_img read more

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Singapore Pools to resume lotteries and retail sales

first_img Singapore Pools to resume lotteries and retail sales Topics: Lottery 19th June 2020 | By Daniel O’Boyle AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Singapore Pools will resume lotteries and retail operations in the country next week, after draws were suspended due to the novel coronavirus (Covid-19). Email Addresscenter_img Subscribe to the iGaming newsletter Lottery Regions: Asia Singapore Singapore Pools will resume lotteries and retail operations in the country next week, after draws were suspended due to the novel coronavirus (Covid-19).Retail operations will reopen on 22 June, but Singapore Pools encouraged customers to continue to use online products instead. Online betting returned last week after it had also been suspended.“Customers’ safety and well-being remains our top priority amidst the Covid-19 situation,” Singapore Pools said. “Singapore Pools encourages all customers, especially high-risk groups, to utilise our online account betting channel as their primary mode of transaction.”The 4D lottery will resume on 24 June, with the TOTO lottery following on 25 June. Singapore Sweep will not resume until 5 August. The draws will take place behind closed doors.As the previous draws had been postponed on 6 April, tickets for draws that were initially scheduled for an earlier date will remain valid.News of the suspension comes after the country’s Ministry of Home Affairs announced plans to review its gambling regulations, and create a new single regulatory authority for the industry.While oversight for gambling has been divided between a number of different government departments, it will be consolidated under the Gambling Regulatory Authority from 2021. In addition, plans were underway to update gambling regulations to reflect changes in technology and consumer habits.Casinos in Singapore had originally been planned to open on 9 June, but this had been pushed back indefinitely, which contributed to H2 Gambling Capital downgrading its 2020 global gaming revenue forecast again by $5bn in the biggest absolute fall in FY expectations for five weeks.last_img read more

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NFLPA launches problem gambling education for former players

first_imgSports betting 23rd July 2020 | By Daniel O’Boyle The NFL Players’ Association (NFLPA) will work with Epic Risk Management and the GVC Foundation in order to create a problem gambling awareness and education program for former NFL players.The NFLPA came to a two-year agreement with Epic and the GVC Foundation, which will create the content for the sessions. The sessions will be available to all NFLPA members and “will be tailored to meet the mental health needs of former NFL players”.Amani Toomer, former New York Giants wide receiver and trustee of the GVC Foundation, said the sessions were important as many former athletes have problems with their gambling habits.“Professional athletes are highly susceptible to problematic gambling behavior,” Toomer said. “Educating these former players on how to gamble responsibly and act with integrity is a crucial step forward for all sports.”Read more on iGB North America Regions: US Topics: Sports betting AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwittercenter_img The NFL Players’ Association (NFLPA) will work with Epic Risk Management and the GVC Foundation in order to create a problem gambling awareness and education program for former NFL players. Email Address Subscribe to the iGaming newsletter NFLPA launches problem gambling education for former playerslast_img read more

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NV Governor grants casinos legal protection in Covid-19 bill

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Casino & games 12th August 2020 | By contenteditor Regions: US Nevada Nevada Governor Steve Sisolak has signed into law a new bill that will protect gambling businesses from lawsuits related to novel coronavirus (Covid-19).Senate Bill 4 covers all businesses active in the Nevada entertainment market, including casinos, provided that they are operating in line with specific Covid-19 measures and requirements in the state.It grants these companies legal immunity from claims put forward by workers or guests that contract the virus.“This bill isn’t about economic expansion – it’s about our state’s economic survival,” Sisolak explained. “It’s about acknowledging that Nevada relies heavily on a single industry – the hospitality industry – and in order to make it through this historic storm, we must ensure it survives.“But it’s not just about protecting the businesses – it’s also about protecting the workers that keep this industry and our economy running.”Read the full story on iGB North America.center_img Topics: Casino & games Legal & compliance Nevada Governor Steve Sisolak has signed into law a new bill that will protect gambling businesses from lawsuits related to novel coronavirus (Covid-19). Subscribe to the iGaming newsletter NV Governor grants casinos legal protection in Covid-19 billlast_img read more

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