Press Releases
FairPlay Sports Media Revamps Exec Team with Four New Hires
FairPlay Sports Media (FPSM), the global sports media network fuelled by data and powered by fans, has today announced the addition of Kelly Brooks, Matt Robinson, and Niall Dore to its Executive Team following Richard Gale’s appointment in late 2023, bringing a wealth of technical and commercial expertise into its senior leadership group.
Having joined as Chief Revenue Officer in late 2023, Richard Gale has already been instrumental in refining the group’s commercial strategy, utilising his igaming and affiliate network knowhow from a previous VP Sports role at Catena Media and as founder of marketing and commercial consultants The Anorak Group.
Kelly Brooks, founder and former CEO of recently acquired Quarter4, has been appointed to the role of Chief Product Officer, where she will apply her AI acumen and transformation experience to enhance FairPlay’s BetTech capabilities and manifest Quarter4’s AI potential when integrated across all relevant products and components.
Bringing internal expertise from his previous role as Head of Technology at oddschecker, Matt Robinson has now been named Chief Technology Officer of the FairPlay group. Matt has been working in igaming technology for over 10 years, leading the technology growth of the organisation and expanding the team from 7 to 100 across 3 regions. Robinson will be responsible for implementing a synchronised technical strategy for the sports media network.
Niall Dore completes the C-Level appointments joining as Chief Financial Officer. Dore adds two decades of senior financial experience in scaling both gaming and technology businesses, including roles as Betfair’s Finance Director and, more recently, CFO of SaaS business Findmypast.
Stuart Simms, FairPlay Sports Media’s Group CEO, said of the new additions, “We’re in a unique position to deliver technical solutions and product enhancements that can make a real difference in the global betting space, and bringing Richard, Kelly, Matt, and Niall onto the team will help us execute our ambitious plans with accuracy and expediency.”
Richard Gale, FairPlay Sports Media CRO, commented, “FairPlay Sports Media is trying to set the bar higher for what can be achieved in the sports betting and affiliate spaces, and it’s been a pleasure working with Stuart and the team in shaping what this new vision looks like and how it can benefit our various sportsbook, media and publishing partners.”
Kelly Brooks, FairPlay Sports Media CPO, commented, “Working with the wider FairPlay team over the past few months, I’ve now seen first-hand the talent and tech capabilities across the group, and as CPO, I’m hugely excited to realise the full potential available and deliver truly game-changing products to market in the near future.”
Matt Robinson, FairPlay Sports Media CTO, added, “Creating an aligned and integrated technical approach across our various brands represents a project that I can’t wait to get my teeth into. Working with oddschecker, I know what can be achieved with big data and a strong brand vision, and the potential for FairPlay’s betting technology revolution to make a step change is undeniable.”
Niall Dore, FairPlay Sports Media CFO, said, “In its new era as a sports media network operating beyond just the odds, FairPlay is perfectly placed to harness the combined power of its various brands into more than the sum of their individual parts. I’m eager to apply my experience in both gaming and technology businesses to facilitate this strategy in a profitable, sustainable manner.”
These four recent hires coalesce around FairPlay’s recent rebrand proposition of being a hugely scalable tech-first organisation that leverages its vast data assets with the latest in BetTech to bring about a better betting ecosystem for all.
The post FairPlay Sports Media Revamps Exec Team with Four New Hires appeared first on European Gaming Industry News.
Press Releases
Rivalry Announces 2023 Annual Letter to Shareholders and Filing of 2023 Annual Financial Statements
Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Gen Z, is pleased to announce its 2023 annual letter to shareholders and the filing of its financial results for the three (3) and 12-month period ended December 31, 2023. All dollar figures are quoted in Canadian dollars.
2023 Annual Letter to Shareholders
To our Shareholders,
This time last year I spoke about Rivalry’s evolution from a market leader in esports to a diversified Company setting the standard for Gen Z betting entertainment broadly.
Today, we have a business with revenue distribution across casino, sports, and esports betting, growing market share in new geographies, with increased velocity in core regions, and the strongest customer KPIs in Rivalry’s history.
In 2023, Rivalry recorded $423.2 million in betting handle1, up 82% from the previous year. Similarly, gross gaming revenue2 and net revenue both saw 34% and 66% respective increases, while the introduction of higher margin products released in H2 such as Same Game Combos and Quick Combos are continuing to improve overall sportsbook hold and guide Rivalry closer to profitability.
Our deepened product suite now includes fantasy, additional sports coverage, and new proprietary casino games. All of which are uniquely driving growth among a targeted customer segment and widening our opportunity set in 2024 and beyond – from a 60% increase in traditional sports betting to a burgeoning B2B game vertical. The potential for how far our brand can go is just beginning to unfold.
The year ahead is rife with new, innovative product releases arriving in Q2 and continuing throughout 2024. We are doubling down on core growth opportunities in sports that resonate with our audience, such as basketball and soccer. Further, we are building on a successful casino segment which already represents 50% of our business, enhancing variety, depth, and accessibility, as well as developing new original games which blur the lines between betting and entertainment. We are in the process of additional geographic expansion, and pursuing new licenses to broaden our total addressable market, positioning Rivalry to own the Gen Z gambling opportunity globally.
While Rivalry’s operations have expanded into new high-growth verticals, our north star has remained the same: to define the future of online gambling for a generation born on the internet.
Online gambling in 2024 is radically different than it was just six years ago when Rivalry launched. In that time we’ve seen gaming and internet culture reshape how consumers engage with technology. That shift is broadening the definition of gambling, where product design is influenced by video games, or it exists fully embedded within social apps like Telegram, where content creators are the new affiliates, and much more.
Over the same period, the rise of cryptocurrency and blockchain technology has introduced a new level of speed, access, and security to web-based consumer experiences. Industry estimates now put crypto wagers at up to one quarter of global betting handle3, with 30% year-over-year growth in 20244, and showing no signs of slowing down.
The development of this ecosystem has commercially unlocked online gambling unlike anything since its first transition from land to online many years ago. It has brought in a new global audience, and enriched the customer experience from end-to-end.
Alongside the growth of this technology has emerged new methods of gambling, taking wallet share from more traditional forms at an accelerated rate. The shift in consumer behavior and the signal from our users is clear – interactive, volatile, and crypto-infused product experiences will set the precedent for how the next generation gambles online.
Rivalry, with a brand steeped in internet culture and living at the intersection of this digital economic renaissance, is well-positioned to access this growth opportunity. There is high overlap between Gen Z, gamers, gamblers, and a fast-growing audience of over 420 million crypto users worldwide5 organically aligned with our audience and brand. And we believe that more than half of this audience globally is already wagering with crypto.
It will be Rivalry’s ability to understand, implement, and adapt to this shift more rapidly than our peers that we expect to create first-mover advantages for us. It is for that reason that our vision is now bolder than ever for what’s possible in the online gambling category.
Soon, we will reveal plans for a crypto-enabled product set to enhance alignment between Rivalry and its users, increase network effects, and generally deliver a consumer experience that lives on the internet of 2024.
To that effect, the success of our first-party games and their ability to acquire and engage a captive audience of Gen Z bettors online has validated our original game development strategy amongst industry peers. This has unlocked a new commercial opportunity for Rivalry to license its IP, opening up another line of revenue for the business that has great potential for global scale.
The year ahead is poised to be one of our most ground-breaking, with a myriad of innovative product releases across all of Rivalry’s verticals, adding more dimension to our business, operations, and addressable audience, and building on our competitive moat as the market leader in Gen Z betting entertainment.
We look forward to sharing more details about these upcoming initiatives, the opportunities they will unlock for our Company, and delivering on our promise to create long-term shareholder value and reach profitability. Thank you all for your continued support.
Press Releases
Kambi’s Festival of Sportsbook returns for fourth year
Kambi’s Festival of Sportsbook returns in June with registrations now open for a two-day content series featuring speakers from across the Kambi Group and insights covering the full breadth of the industry.
Taking place between 4-5 June, the Festival will be comprised of online sessions taking in topics ranging from UX optimisation and harnessing AI to maximising a summer of soccer featuring both UEFA Euro 2024 and the Copa América.
Erik Lögdberg, Managing Director of Kambi Sportsbook, will open the Festival with a session entitled ‘Exceptional, everywhere: meeting the increasingly high standards of an evolving market’, discussing how operators can develop their sportsbook to navigate changing consumer habits and fragmenting markets.
Kambi’s Head of Legal and Regulatory Compliance, Victoria Fernandes, will also be joined by Partner Success Manager Sabrina Andrade for a Portuguese language session delving into Brazil and how local operators can compete in the soon-to-be-regulated market.
Gerard Starkey, Kambi Group’s SVP of Marketing & Communications, said: “We are excited to once again be welcoming the industry to Kambi’s Festival of Sportsbook, and we look forward to sharing the sportsbook insights and knowledge the event has become known for. As ever, the agenda features a broad range of sessions hosted by experts from across the Kambi Group, providing plenty to interest those working in or with the sports betting industry today.”
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Press Releases
EGT Digital to reveal a captivating product display at FIJMA 2024
After a series of numerous exhibitions that passed with great success, now EGT Digital is ready to fascinate the visitors of FIJMA as well. The iGaming provider will participate in the show together with EGT and both companies will present their novelties on stand C17-C19.
At visitors’ disposal will be the well-known instant games of EGT Digital, as well as its wide range of slot solutions, currently containing the jackpots Bell Link, Clover Chance, High Cash and Single Progressive Jackpot and more than 100 titles, which will demonstrate why they are players’ preferred choice in over 50 markets worldwide.
Among the main highlights in the casino portfolio will be the brand-new football game Burning Goals, part of the Clover Chance jackpot. On the eve of the European Championship, EGT Digital will give football lovers the opportunity to feel the atmosphere of a real match with just a click on their screen. The gaming thrill will reach new heights with the double chance feature, which provides players with even more opportunities of bringing home one of the big prizes.
EGT Digital’s in-house developed all-in-one betting platform X-Nave will also be on display to show how it can provide operators with a complete solution, through which they can build and maintain a successful iGaming business.
It includes 4 main modules: Sport product, Casino aggregator, CRM Engine and Payment Gateway. Each of them can be both part of the turnkey product or operate independently, as they allow integration with developments of third-party providers.
Tsvetomira Drumeva, Head of Sales at EGT Digital, commented: “Our games have already made their debut in Spain and we are delighted that their performance has been very good so far. FIJMA as one of the most authoritative exhibitions for Spain and the region will give us the opportunity to meet with many of the local operators and present to them our products in person. This will certainly increase our popularity and help us to close many more deals.”
The post EGT Digital to reveal a captivating product display at FIJMA 2024 appeared first on European Gaming Industry News.
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