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Kambi Group plc initiates new share repurchase programme

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The Board of Directors of Kambi Group plc (“Kambi”) has, empowered by a mandate received at the Extraordinary General Meeting (EGM) on 19 June 2023, decided to initiate a new share buyback programme, following on from previous programmes undertaken since the EGM. The objective of the buyback programme is to achieve added value for Kambi´s shareholders and to give the Board increased flexibility with Kambi´s capital structure by reducing the capital.

In addition, subject to shareholder approval at the 2024 Annual General Meeting on 21 May 2024, Kambi also intends to communicate a further longer-term strategic framework for share buybacks.

Anders Ström, Chair of the Board of Directors, said: “The Board’s primary responsibility is to generate value for Kambi’s shareholders. This commitment is reflected in our capital allocation priorities, which encompass our share buyback programmes designed to enhance shareholder value.”

Kambi has entered into an irrevocable agreement with Carnegie Investment Bank AB (Carnegie) to conduct the share repurchases on its behalf. The acquisition of shares shall take place on one or several occasions on Nasdaq First North Growth (“First North”) market in Stockholm and Carnegie will make its trading decisions in relation to Kambi’s shares independently of and without influence by Kambi. The share buyback programme will be carried out in accordance with the Maltese Companies Act, the EU Market Abuse Regulation No 596/2014 (“MAR”), Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”) and other applicable rules.

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Share repurchases are to be made at a price per share within a defined range. Share repurchases are to be made at a price per share within the recorded price interval of First North at any given time, i.e. the interval between the highest buying price and the lowest selling price. Total share repurchases under the programme may not exceed €4.0 million. Payments for the shares are to be made in cash.

According to the EGM resolution, the maximum number of shares that may be acquired during this mandate is 3,127,830 which was equivalent to 10% of total shares in the Company at that time. The Company’s authority to buyback shares will expire at the annual general meeting to be held on 21 May 2024. Acquisitions can be made as of today, 18 March 2024.

At the time of this announcement, the total number of issued shares in Kambi Group is 31,278,297. Kambi currently holds 895,592 of its own shares from prior repurchase programmes.

Asia

QTech Games hosts SiGMA Asia Invitational Charity Golf Day; support local orphanages in Philippines

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QTech Games and Song88, two powerhouses of the emerging markets and Asia-facing landscape, have renewed their support for the SiGMA Asia Invitational Golf Day, a popular charity event that kick-starts the influential iGaming summit which runs from 3-5 June in Manila.

Having hosted the inaugural event last year to universal acclaim, this golf day not only lifts the curtain on one of the sector’s best-attended C-Suite conferences, but also raises vital funds for a broad spectrum of good local causes throughout the Philippines at a challenging economic time.

In 2023, The event donated over $20,000 (1million PHP) through the SiGMA Foundation to help people in need – and could not have been done without the support of renowned suppliers like Aviatrix, Blueprint Gaming, Continent 8, Naga Games, Dragoon Soft and Habanero, who came together with QTech Games and Song88 to raise the much-needed monies. Now, QTech Games and Song88, alongside their partners, are aiming to match and surpass that total for the SiGMA Foundation at this year’s renewal, which will again be held on the opening morning of SiGMA Asia at the magnificent Club Intramuros Golf Course, where jaw-dropping cityscape views intersect with a stunning layout which is carved out around the historic ancient walls of Manila.

In recent months, QTech Games’ videography team has visited the Jose Depiro Formation Center, run by the inspirational missionary priest Joseph Cremona, who is doing such great work to deliver health, housing and education for local low or no-income families and their children. As chronicled in this short video, last year’s funds have already been put towards building two new houses as part of an effort to improve local accommodation and create a hub where its beneficiaries can find security, schooling and an environment in which they can thrive. As part of this ongoing charitable initiative, monies have also been donated to extend an existing concert hall and provide quality new instruments with which promising young musicians can help foster an inspirational and cohesive community for the future.

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The golf day will again be organized and held in partnership with Song88, the rising-star sportsbook taking the Far East by storm with a wide variety of sports, exciting player-orientated markets and the latest betting features. Song88 has quickly become one of Asia’s most popular new sportsbooks, painstakingly designed for the demands of Asian customers.

For its part, QTech Games continues to lead the way across developing territories worldwide, thanks to its ever-expanding reach, proprietary gaming tools and services, 24/7 support, and advanced AI technology which combine to bolster its partners’ offerings and elevate the customer experience. QTech Games is setting the gold standard, redefining the future of the online casino industry, with effortless distribution from its definitive one-stop-shop approach for online casino operators, underscored by 80+ providers, over 5,000 casino games and 1,000+ live tables, and counting.

Priest Joseph Cremona said: “We initially set up a music school to help children who would otherwise be idle on the roads, helping to give them a direction in life and develop their talents. Now, though, with the help of the SiGMA Foundation, we are doing so much more in the local community and it’s fantastic to see QTech Games and Song88 taking a real interest beyond their helpful donation and pledging to do more again this year. I am of the mindset that you give the rod, not the fish. No-one here wants to live on handouts, they only want the tools and the chance to work their own way out of poverty and provide a better, more sustainable future for current and coming generations.”

The leadership team at QTech Games and Song88 commented: “We’re really looking forward to welcoming friends old and new back to our charity golf day which, of course, doubles as a fantastic networking event and an important platform for local children’s causes. It’s a fun and relaxed way to start the show for our partners and peers, and we plan to hold more of these clubbable get-togethers at forthcoming industry summits.”

“Priest Joseph has been an inspirational figure here over the past 20 years, and our shared vision is to establish a safe sanctuary that promotes health and education to define more promising pathways for local children’s futures. We will continue to work in lockstep with SiGMA and Song88 to create a closer connection around similar charitable efforts which combine business with the pleasure of giving. This industry Invitational always pays fitting testimony to the spirit and camaraderie of the iGaming sector.”

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SiGMA Asia added: “Asia’s iGaming pulse beats fastest in Manila. And this June we’re gathering the best in business: from decision-making government officials to an impressive C-suite of industry heavyweights and even some celebrity influencers. SiGMA Asia is leading the charge for change – and charitable projects like this golf day are just the start of how we are returning value to the local communities in which we operate.”

The post QTech Games hosts SiGMA Asia Invitational Charity Golf Day; support local orphanages in Philippines appeared first on European Gaming Industry News.

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REEVO Partners with OnlineCasinoReports to Enhance Online Gaming Discovery Experience

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REEVO has announced a strategic partnership with OnlineCasinoReports, the premier global guide for players seeking top-tier online casinos and gambling platforms.

OnlineCasinoReports is renowned for its meticulous evaluations and expert insights, providing players worldwide with comprehensive reviews to assist in finding premier online gaming destinations. Through a meticulous in-house review process and valuable player feedback, their seasoned experts assess and rank various online casinos, poker rooms, bingo venues, Esports, and sports betting sites. Covering all aspects of the gaming experience, including game selection, unique features, banking options, and customer support, Online Casino Reports ensures players make informed decisions.

The partnership between REEVO and OnlineCasinoReports aims to enhance the online gaming discovery process by providing users with access to a curated selection of premier gaming platforms. By leveraging REEVO’s innovative B2B platform and Online Casino Reports’ expertise, this collaboration will streamline the search for top-notch gaming experiences.

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“We are excited to collaborate with OnlineCasinoReports to deliver enhanced gaming discovery experiences,” said Daniel Cuc, Head of Account Management at REEVO“Together, we aim to empower players worldwide with the tools they need to discover the best online gaming destinations.”

Online Casino Reports shares in the excitement, recognizing the opportunity to expand their reach and provide greater value to players. “I couldn’t be more excited about our new partnership with REEVO. Their dedication to crafting quality games that lead the industry in player experience perfectly aligns with our mission at OnlineCasinoReports Network. Bringing REEVO’s high standard of gaming to our site’s visitors is a proud moment for us. This collaboration is a testament to our ongoing commitment to excellence and innovation in the world of online gaming. Together with REEVO, we’re set to elevate the gaming experience for our audience to new heights.” – Oren Arzoni, Director at House Tech Ads Ltd.at Online Casino Reports.

The post REEVO Partners with OnlineCasinoReports to Enhance Online Gaming Discovery Experience appeared first on European Gaming Industry News.

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Dot Connections inks global aggregation deal with Funstar

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Dot Connections, a fast-growing iGaming aggregator, has agreed a key content distribution partnership with Funstar to provide the studio’s creative games portfolio via its ACE platform.

As part of the deal, several games including latest release Midas Golden Touch 2, and favourites like the Esqueleto Explosivo series and Hot Potato, developed by Thunderkick, will be made available to the provider’s operator partners via a single-API.

Dot Connections’ proprietary ACE platform delivers top-ranking games content to more than 300 global operators, with the aggregator propelling clients to success in several of the world’s thriving markets.

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This key collaboration marks significant growth for Dot Connections as it pursues further LatAm expansion and secures its position as a leader in games aggregation.

 

Cora Chen, COO at Dot Connections, said: “We are delighted to add 78 games to our ever-growing collection of creative content. As one of the biggest game aggregators in the market, we know our partners’ players will enjoy what they have to offer, making them an essential addition to any platform.”

John Bateson, Director at Funstar, said: “Dot Connections prides itself on gaming excellence which is why we are pleased to provide our games via their proprietary platform. We look forward to making our top-performing games available to their many operator partners in Asia, LatAm and beyond.”

The post Dot Connections inks global aggregation deal with Funstar appeared first on European Gaming Industry News.

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