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Anders Ström appointed as Chair of the Board of Kambi Group plc as Lars Stugemo stands down as Chair

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Kambi Group plc’s (Kambi) long-serving Chair of the Board (Chair), Lars Stugemo has notified the Nomination Committee that he does not intend to seek re-election at the Kambi Annual General Meeting (AGM) 2024 and has therefore decided to step down. The Nomination Committee has decided to propose Kambi co-founder Anders Ström be appointed as Chair at the Kambi AGM 2024.

The Board of Directors of Kambi appointed Ström as Chair with immediate effect until the AGM 2024, as Stugemo informed the Board that he wished to step down.

Stugemo will leave the Board with immediate effect and continue to serve as a member of the Nomination Committee nominated by Kambi’s largest shareholder Veralda Investment Ltd.

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Stugemo said: “After 14 years of an inspiring journey with Kambi, including almost a decade as Chair, I have decided, after careful consideration, not to stand for re-election next year. It became clear that I should, if possible, promptly pass the leadership to someone else. In this case, both I and Kambi are fortunate that Kambi’s co-founder Anders Ström is also a member of the Board and is ready to immediately take over as Chair.

“The Kambi journey has been remarkable, from early days serving a handful of partners to becoming a market leader with award-winning products and esteemed clients around the world. It has been an immense privilege and joy to work closely and intensively with Kambi, alongside an inspiring entrepreneur like Anders Ström.”

Ström brings vast industry experience to the role as Chair, having founded Kindred Group in 1997 and then later co-founding Kambi alongside CEO Kristian Nylén in 2010. Ström has also been a Kambi Board member since its formation.

Ström said: “Lars has made many important contributions to Kambi’s development to becoming the world’s leading sportsbook provider and, as both a founder and shareholder, I am very grateful for the journey we have undertaken together and wish him all the best in his future endeavours.”

“I am honoured to have been asked by Kambi’s Board to become its Chair and look forward to leading the Board of a company which is showing real commercial momentum through recent partner signings and redefining what is possible in sports betting through significant technological breakthroughs including AI-powered trading. These achievements not only strengthen our position but also boost morale and drive within the company, paving the way for future successes and growth,” Ström added.

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As a current member of the Nomination Committee and the Board of Directors, Ström did not participate in the deliberations and subsequent decision regarding his nomination and appointment.

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Finnplay Simultaneously Releases Mobile Apps for Hungarian and Dutch Markets

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Nordic iGaming platform provider Finnplay has simultaneously launched two innovative mobile apps for Kansino.nl and Vegas.hu targeting the Dutch and Hungarian markets respectively.

This formidable achievement is a testament to Finnplay’s unrivalled technical proficiency and deep multi-jurisdictional experience. Finnplay’s focus on native app development for both Android and iOS platforms ensures that its partners capitalise on the relentless growth in popularity of mobile gaming.

By strategically soft-launching both apps over the summer, Finnplay enabled its partners to quickly leverage the mobile offering’s advantages, supporting key business expansion goals.

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“These two game-changing launches in Hungary and the Netherlands underline Finnplay’s stature as an iGaming powerhouse,” the Managing Director for Finnplay, Jaakko Soininen, said. “Our work with Kansino and LVC Diamond demonstrates our ability to operate seamlessly across diverse markets and regulatory landscapes.”

“Finnplay’s fine work has produced a cutting-edge app that gives us the ideal platform to launch our sportsbook offering,” the Online Director for LVC Diamond, Dr Egresits Csaba, said. “It’s been a pleasure working closely with Finnplay and we have the utmost confidence in the tech to ensure we continue to grow our business.”

“Our mission is providing players with the best experience possible whether they are playing on desktop or mobile,” the Product and CX Director for Playnorth, the company behind the Kansino brand, Daphne Xerri, said. “Finnplay has created the perfect app that guarantees a seamless experience across all formats.”

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Compliance Updates

Salsa Technology Launches Salsa Safe, a Dedicated Platform for iGaming Regulators

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Salsa Technology has added another product in its portfolio of solutions for the iGaming sector. This latest addition is a secure system designed to meet the demand of global regulators in the online gambling sector.

Salsa Safe provides regulatory bodies in the sector including Brazilian state lotteries with a comprehensive system. It integrates operator management data and enables effective and transparent monitoring of operations.

In addition to being an important ally of regulators, Salsa Safe provides operators with the tools they need to comply with all regulatory requirements, helping to prevent fraud, protect players and promote responsible gaming.

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The platform was specially designed to enhance responsible gaming by monitoring suspicious bets, types of self-exclusions and data control. Salsa Safe automates management reports for financial teams including transaction volume per operator, tax calculation and application of compliance models. It is worth highlighting that the product is fully integrated with PIX, which is the most popular method of the Brazilian payment system.

Salsa Safe offers a unique approach to data management, combining data from multiple sources to provide regulators with a complete view of operations. The platform’s intuitive design and advanced reporting capabilities make it easy to monitor operations, detect fraudulent activity and comply with regulations.

“We are excited to introduce Salsa Safe,” the Chief Operating Officer for Salsa Technology, Andre Filipe Neves, said. “This comprehensive solution not only provides regulators with necessary tools for monitoring operator activities but also assists operators in meeting the stringent requirements imposed by regulators.”

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Press Releases

⚡Bitcoin Lightning payments in a major AAA game 🎮

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ZBD – the leading fintech company powering instant Bitcoin payments within the gaming industry – has integrated its payment technology into Splitgate, a Free-to-Play PvP Portal Shooter developed by 1047 Games, further adding to its roster of game integrations. This integration brings real-time rewards to the PC version of the competitive shooter. The ZBD-developed project has been created for mainstream gaming audiences to experience Splitgate in an innovative new way, offering high-value tournament prizes that bring a new competitive edge to Splitgate gameplay.

With a tournament prize pot of 50M sats (0.5 Bitcoin), Splitgate PC gamers from the US and Brazil will be competing for a prize pool equivalent to approximately $18,000 USD at today’s market price. ZBD is demonstrating the disruptive potential of its technology in esports and competitive play by providing instant tournament winnings to gamers in the form of sats, which are tiny fragments of Bitcoin (like pennies to the dollar). The 4v4 team deathmatch tournament begins on the 10th December 2023, with a grand final on the 22nd December 2023. A limited beta warm-up will run in the build-up to the tournament from the 2nd of December. Gamers can participate in the tournament by registering in the dedicated ZBD Discord server.

Competitive gamers are often required to wait days, or even weeks to receive prizes. With ZBD and its application of the Bitcoin Lightning Network, winning payments can be paid out instantly. No money is required from gamers to play, although pay-ins are accepted for PvP battles for a share of the Bitcoin prize pot.

The debut project from 1047 Games, Splitgate, has generated more than 18 million downloads across various platforms since it launched in 2019. The multiplayer shooter, featuring innovative player-centric portal mechanics, provides a fresh take on the FPS genre.

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Ben Cousens, Chief Strategy Officer at ZBD, commented:

“We’re delighted to collaborate with Ian, Nick and the phenomenal team at 1047 Games to redefine the reward system in gaming and give players a revolutionary new way to experience in-game competition. For developers and publishers alike, this integration delivers a proven gamer retention model as evidenced by this partnership, and the additional 100+ games powered by ZBD. With the ZBD-infused version of Splitgate, we’ve raised the bar for competitive gameplay by seamlessly providing Bitcoin rewards to gamers who demonstrate skill and loyalty.”

Ian Proulx, CEO and Co-founder of 1047 Games, added:

“With Splitgate, we’ve proudly carved out a reputation for creating highly innovative gameplay experiences. Splitgate continues to have a loyal and engaged player base. We’re always excited to hear innovative solutions to reward our players, such as what ZBD has done, and the tournament that they plan to hold later this month.”

The ZBD wallets of tournament winners will instantly receive sats which can be cashed out, spent, sent to friends or redeemed for gift cards. This is enabled by pioneering technology from ZBD, which has raised almost $50 million since 2019 to build its payments technology on top of the Lightning Network, a layer 2 network for instant Bitcoin transactions.

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