Press Releases
Expert Insights and Networking: SBC’s Exclusive Capital Markets Forum at the NYSE
SBC is gearing up to launch its debut Earnings & More:Capital Markets Forum event at the iconic New York Stock Exchange on May 6, offering 200 attendees a blend of learning and networking opportunities with leading experts.
This exclusive event, organized in collaboration with Earnings+More, aims to unite top minds from investment banks, M&A, and strategic advisory firms, alongside financial analysts and senior decision-makers from the gambling industry. Together, through a series of conference sessions, they will discuss pivotal trends shaping the betting and iGaming space in the United States and globally.
Conference Sessions
As the era of readily available capital wanes, private equity finds itself under pressure to validate its value proposition. Experts Adam Rosenberg (Senior Advisor | Gaming & Leisure, Blackstone), Joel H. Simkins (Managing Director, Houlihan Lokey), Nanette Heide (Global Chair, Private Equity Group, Duane Morris), and John Decree (Analyst, Global Commercial Real Estate Services) will dissect the specific contributions private equity can make to the gaming industry by evaluating its industry-related historical performance. Among other topics, the ‘Private Equity and Gaming’ panelists will elaborate on which companies they identify as promising targets for private equity involvement, both in the public market and among privately owned enterprises.
The ‘Billion-dollar Babies: The Swing to Profitability’ panel will explore the implications of the shift towards profitability and the rise of billion-dollar EBITDA giants for the rest of the United States’ online sports betting and online casino industry. The panelists will answer questions such as the repercussions the substantial profits amassed by sector frontrunners will have on others in the field, as well as how those earnings are going to be utilized. Andrew Fabian (Investment Banking – Global Technology Group, Citi), Barry Jonas (Managing Director, Truist Securities), Cassandra Lee (Senior Associate, Bettor Capital), and Chad Beynon (Senior Equity Analyst, Macquarie) will also discuss whether the industry will witness increased merger and acquisition activities, among other key discussion points.
As the trend of European companies struggling to penetrate the North American market prompts questions about their ongoing aspirations, the ‘Safe European Home: What do Withdrawals from North America Say about Future Ambitions?’ panel will delve into the associated challenges of the companies retracting their presence from North America. With concerns over wasted capital and failed ventures looming large, Ramy Ibrahim (Managing Director, Moelis & Company), Matt Sodl (Founding Partner & President, Innovation Capital), and Robin Chhabra (CEO, Tekkorp) will discuss strategies for assuaging investor apprehensions and articulating future plans. Scott Longley (CEO, Clear Concise Media) will moderate the session.
As the trend of continuously expanding portfolios with bolt-on deals becomes more challenging, the ‘No More Worlds to Conquer: What Happens When the Bolt-On Deals Dry Up?’ panel shifts the discussion to the future of M&A activity. Sandford Loudon (Partner, Oakvale Capital), Thomas Nicholls (Managing Director, Strategic Advisory Group, PJT Partners), Adam Berger (Partner, Duane Morris), and James Brodie (Head of Interactive, International, MGM Interactive) will zoom in on the quest for value-enhancing deals in Europe and beyond and analyze whether the era of the bolt-on juggernaut is nearing its end, with such opportunities dwindling and shareholders growing increasingly wary of costly expansions.
While the spotlight has largely been on the expansion of sports betting in the United States, the slower progress of online casino legalization at the state level has received less attention. Panelists Davis Catlin (Managing Partner, Discerning Capital), Josh Swissman (Consultant, GMA), Lauren Seiler (Founder, Global Gaming Advisors), and Eric Hession (President, Caesars Digital) will discuss the opportunities in the online casino field and the potential rewards that operators can capitalize on during the ‘Short-term memory: Have investors forgotten about iCasino?’ panel. Caroline Ponsetti (Communications Strategist, Invariant) will moderate the session where one main question will be answered: are investors tuned in to this long-term potential?
Once the conference session concludes, attendees will be invited to join Networking Drinks directly on the Trading Floor at 6 pm.
Secure your spot at the Capital Markets Forum with a pass priced at $300. Availability is limited.
Conveniently timed, the event precedes the SBC Summit North America, the foremost iGaming & Sports Betting Event in North America, scheduled for May 7-9 at the Meadowlands Exposition Center in New Jersey. This ensures convenience for those interested in attending both events.
Latest News
GamCare releases Annual Report following record breaking year of support on the National Gambling Helpline
GamCare’s National Gambling Helpline received a record 55,228 calls and online chats from people experiencing gambling harm in 2023-24 – a 25% increase from the previous year – according to the charity’s Annual Report.
In a year marked by uncertainty over the future shape and structure of the gambling harms treatment sector following the previous government’s white paper on gambling reform, the charity continued to prioritise those at-risk of, or currently experiencing, gambling harm.
Of all calls and online chats that were responded to on GamCare’s Helpline in 2023/24, 41,070 (74%) were classed as supportive interventions. This includes supporting people with initial guidance and advice as well as delivering a seamless entry point into structured treatment services, with individuals completing treatment reporting a significant reduction in gambling-related distress and financial harm.
In March 2024, the Office for Health Improvement and Disparities published an assessment of the gambling treatment system, highlighting that 57% of individuals engaging in treatment were referred by the National Gambling Helpline. This underscores the Helpline’s critical role in connecting people to the support they need. Over 9,100 free treatment sessions were delivered in the year to April 2024, with an average of just 2.1 days’ wait from point of referral.
GamCare’s targeted programmes aimed at young people, women, and the criminal justice system provided training on how to spot the signs of harms and where to signpost into support for 10,344 professionals, and education for 53,324 young people, children and parents. The Women’s Programme, in partnership with organisations such as Refuge, trained 3,813 professionals to recognise and address gambling-related harm among women.
Margot Daly, Executive Chair of GamCare’s Board, says: “Throughout a challenging year and with heightened demand for our services, GamCare’s staff have got on with the job of preventing harm where possible and treating harm where necessary. While we expect important changes in the gambling harms landscape, we have been determined not to let this uncertainty affect our relentless focus on the people who really matter – those at-risk of or currently experiencing gambling harms.
“I would like to thank and pay tribute to our frontline staff who provide 24/7 support for all those at risk or in distress. I also want to thank GamCare’s senior executive team who have steered GamCare through a period of sustained change, and to my fellow trustees for their guidance, unwavering support and the time each has dedicated to ensuring that the charity stays on course and on mission.
“As we look ahead to how the future of the gambling harms sector is shaped, we are committed to working proactively with the NHS and other partners and commissioners to ensure that people are continually able to receive the right support at the right time.”
The post GamCare releases Annual Report following record breaking year of support on the National Gambling Helpline appeared first on European Gaming Industry News.
Kambi Group plc (“Kambi”) has during the period 18 December to 23 December 2024 (the “Buyback Period”) repurchased a total of 40,000 ordinary B shares (ISIN: MT0000780107) as part of the share buyback programme, within the mandate approved at the Extraordinary General Meeting on 20 June 2024 (the “Programme”).
The objective of the 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. The Programme is being carried out in accordance with the Maltese Companies Act, EU Market Abuse Regulation No 596/2014 (“MAR”) and other applicable rules.
During the Buyback Period, Kambi repurchased a total of 40,000 ordinary B shares at a volume-weighted average price of 99.13 SEK. From the beginning of the Programme, which started on 6 November, until and including 23 December 2024, Kambi has repurchased a total of 344,000 ordinary B shares at a volume-weighted average price of 104.94 SEK per share.
During the Buyback Period, Kambi has repurchased shares as follows:
| Date | Aggregated daily volume (number of ordinary B shares) |
Weighted average share price per day (SEK) |
Total daily transaction value (SEK) |
| 18 December 2024 | 10,000 | 100.00 | 999,967 |
| 19 December 2024 | 10,000 | 99.39 | 993,929 |
| 20 December 2024 | 10,000 | 98.86 | 988,588 |
| 23 December 2024 | 10,000 | 98.26 | 982,562 |
All acquisitions have been carried out on Nasdaq First North Growth Market in Stockholm by Carnegie Investment Bank AB on behalf of Kambi. Following the acquisitions and as of 23 December 2024, Kambi’s holding of its own shares amounted to 344,000 and the total number of issued shares in Kambi is 29,903,619 ordinary B shares. Under the Programme Kambi is authorised to repurchase a maximum of 3,127,830 ordinary B shares, up to a maximum amount of €12.0 million.
A full breakdown of all transactions carried out during the Buyback Period is attached to this announcement.
Information on the Programme is available on Kambi’s website, https://www.kambi.com/investors/share-information/
The post Kambi Group plc repurchase of shares during 18 December – 23 December 2024 appeared first on European Gaming Industry News.
North American Expansion Kicks Off Through Strategic Partnership with Moozi
Golden Matrix Group’s game development division, Expanse Studios, has officially entered the U.S. sweepstakes market, marking a significant milestone in its North American growth strategy. This move is powered by a strategic content partnership with Moozi, one of the most dynamic sweepstakes social casino platforms in the region.
With Moozi now featuring over 50 of Expanse Studios’ top-performing games—including immersive slots, crash games, and table games—this partnership positions GMGI to capture a share of the $5.6 billion U.S. sweepstakes market, projected to more than double to $11 billion by 2025 (Eilers).
Damjan Stamenkovic, CEO of Expanse Studios, commented:
“This partnership signifies our formal entry into the U.S. market, showcasing the innovation and player-first experiences that define Expanse Studios. Collaborating with Moozi enables us to deliver advanced gaming content to a growing audience in North America, a key region for our global growth.”
James Anderson, Moozi’s CCO, added:
“Expanse Studios has set a high bar for engaging and innovative gaming experiences. Their addition to our platform elevates Moozi’s offerings and strengthens our mission to lead the U.S. sweepstakes social casino space.”
This launch underscores Expanse Studios’ commitment to innovation and its long-term growth trajectory in regulated markets. By entering the North American sweepstakes market, Expanse Studios takes a bold step in expanding its footprint while delivering cutting-edge gaming experiences.
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