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Eneba raises $8M from InReach, Practica and VInted’s Mikuckas to grow gaming marketplace

Slick localized buying experience, innovative approach to fraud and automated local gaming trend detection contribute to Eneba’s status as a preferred marketplace for gaming community with stratospheric growth to 26M users
Eneba (www.eneba.com), the world’s fastest growing marketplace for gamers, has today announced that it has raised a total of $8M led by Practica Capital and InReach Ventures, the AI-powered venture capital firm, with contribution from FJ Labs and a group of established Angel investors including Mantas Mikuckas, COO of Vinted.
Launched in 2018 by two Lithuanian school friends, Vytis Uogintas and Žygimantas Mikšta, Eneba provides a marketplace for gamers to safely purchase everything they need for the world’s most popular games. Combining an unrivalled buying experience with superior proprietary security features, Eneba has already attracted a community of 26 million unique users.
Operating under the radar until now, Eneba has quickly made an impact in the gaming sector thanks to its new approach, where previously others have not innovated. Eneba presented the market with a superior ‘one-click buy’ gamer experience and a faster, more secure service by using proprietary machine learning and fingerprinting technology.
The team also created localised gaming experiences that proved an immediate hit with gamers by using automatic optimising discovery tools for locally trending gaming products.
As COVID-19 struck Eneba was already growing fast, but, with an increased shift to digital entertainment, the startup experienced exponential growth and an increased interest from US gamers; now the company’s fastest growing geography.
“We had a lot of new users coming to Eneba during these uncertain times. While it was extremely satisfying to see our numbers increasing tenfold, there was a challenge to meet the demand. To better reflect our user numbers, we had to quickly expand our team,” said Co Founder and CMO, Žygimantas Mikšta. “We now have a 130-strong team of brilliant software developers, risk analysts and marketing experts that have built a delightful experience for 26 million consumers across multiple geographies such as the UK, Germany, Lithuania, Spain, France, Poland, and other European countries.”
As the startup grew, there were many challenges for the company in order to maintain its new found momentum. Vytis Uogintas, CO Founder and CEO said that rapid organization growth has been one of the biggest to date. However, he also emphasizes that Eneba’s breakthrough has been determined by the team.
“Finding people you can trust and who share your vision is not easy. However, we had plenty of contacts from our previous ventures that kickstarted the whole process. Right from the get-go, we were emphasizing our company culture as our top priority. For me, it’s much more enjoyable to see happy colleagues and when they’re happy, it’s easier to communicate with them and reach desired goals.”
Eneba will use its funding to accelerate investments in product development making the platform faster, safer and easier to use, and to expand further in the US and across other key global markets. To prepare for this roll-out, Eneba has developed its own risk management system. The new system was developed in-house to better fit the company’s goals. It eliminates many risky transactions, simplifies the refunding process, and blocks majority fraud threats, thus making Eneba stand as one of the safest marketplaces on the internet.
“We are thrilled to be backing Vytis and Žygimantas. We’ve been impressed by their ability to execute at such speed as their company quickly scales, and to drive an incredible product with a unique value proposition for gamers. It also could not have come at a better time. We are excited to support one more team from the Baltics that has a clear ambition to lead their sector globally,” said Donatas Keras, partner at Practica Capital.
Co-founder of InReach Ventures, Roberto Bonanzinga, said “In Europe we have a tradition of building successful companies in the gaming space. We are very excited to have discovered Eneba thanks to our AI platform when the company was unknown and under the radar. We have been extremely impressed by what the founders have been able to build in such a short amount of time.”
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1XBET Appoints Industry Veteran Simon Westbury as Strategic Advisor to Guide Global Growth

The appointment of the experienced executive signals a new chapter for the global betting brand, focusing on long-term strategy, market expansion, and industry leadership.
1XBET, the global gaming and technology brand, today announced the appointment of Simon Westbury to the role of Strategic Advisor. This move underscores the company’s commitment to appointing industry expertise to steer its next phase of global growth.
With over a decade of board-level experience in iGaming, Westbury will advise the 1XBET leadership on its international strategy, guiding sustainable entry into new markets and shaping the brand’s approach to key industry initiatives. His track record in driving strategy across B2B, sports, and media operations will be instrumental in executing the company’s long-term vision.
Commenting on his new role, Simon Westbury stated: “What truly drew me in was the leadership’s clear and ambitious vision for the future of the 1XBET brand. It’s rare to see a company with this scale and global presence so committed to a new phase of strategic evolution. My role is to act as a bridge, providing the guidance and structure needed to help the team channel their ambition into sustainable, long-term success. I’m genuinely looking forward to helping shape this new chapter.”
Quote from 1XBET Company Spokesperson: “We are delighted to welcome Simon Westbury to the 1XBET team. His appointment comes at a pivotal moment as we continue our global growth strategy. Simon’s unparalleled industry expertise in operational processes, combined with his profound understanding of the broader industry landscape and its stakeholders, will be invaluable. We are confident that his strategic guidance will be instrumental in navigating new market entries and addressing the evolving challenges and initiatives within the sector. This collaboration reinforces our commitment to strengthening our leadership team with seasoned experts who can drive our long-term vision and solidify our position as a forward-thinking industry leader.”
The appointment marks a deliberate step in 1XBET’s strategy to reinforce its global footprint. Bringing in an external advisor of Westbury’s calibre highlights a clear focus on continuous improvement, change management and the ambition to set new industry benchmarks.
His advisory role is effective immediately.
The post 1XBET Appoints Industry Veteran Simon Westbury as Strategic Advisor to Guide Global Growth appeared first on European Gaming Industry News.
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Playbook Football™ debuts with Entain’s Ladbrokes

Provider’s flagship real-money virtual football management game launches with iconic betting brand
Playbook Fusion, the pioneering new studio that combines the worlds of sports betting and video gaming, today announces that its flagship Playbook Football™ is now live in the UK with Ladbrokes.
Ladbrokes customers are the first to experience Playbook Football™, a unique, real money virtual football management betting game that enables players to build their own team, place bets, receive in-game rewards, climb divisions and compete on leaderboards.
Playbook Football™ is delivered via Playbook Fusion’s proprietary RGS platform and supported by Playbook Fusion’s exclusive distribution partner, Games Global. The launch follows the recent announcement of Playbook Fusion’s licence from the UK Gambling Commission and certification with eCogra.
Steve Rogers, Founder and CEO at Playbook Fusion, said: “Playbook Football™ is here to change the game for sportsbook operators, and we are thrilled for it to debut in the UK with Ladbrokes.
“Uniquely, we have developed a gambling product that marries the skill, team building and persistence of video gaming with the opportunity to place bets. With Playbook Football™ players have control over the teams they build and can use skill and strategy to improve team ratings over time – it’s like nothing else on the market and sits in a category of its own.
“We look forward to working with the Entain team to engage players and deliver the interactive, strategy-led football betting experiences that we know they are now seeking.”
The post Playbook Football™ debuts with Entain’s Ladbrokes appeared first on European Gaming Industry News.
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Octoplay partners with Midnite, continuing its rapid expansion across the UK

Octoplay partners with Midnite, continuing its rapid expansion across the UK
Octoplay partners with Midnite, one of the UK’s fastest-growing operators, marking the company’s sixth UK partnership in the past year. This latest integration strengthens Octoplay’s position alongside tier-one operators, including William Hill, Rank Group, Flutter Entertainment, and LeoVegas.
The Midnite partnership comes as part of Octoplay’s aggressive expansion strategy, following its successful entry into New Jersey through BetMGM and continuing a streak of new partnerships secured every month since 2024. The collaboration will expand further with plans to integrate Octoplay’s premium jackpot suite, Jackpot Hunt, across Midnite’s network, solidifying the company’s position as a go-to partner for tier-one operators across European and North American markets.
Ralitsa Georgieva, Director of Business Development at Octoplay, says: “Midnite has established itself as a standout operator in the competitive UK market, and we’re pleased to bring our content to their growing player base. This partnership strengthens our UK presence and demonstrates our commitment to working with operators who share our focus on delivering premium gaming experiences.”
Chelsea Pinho, Senior Casino Manager at Midnite, adds: “We’re delighted to welcome Octoplay as our partner, whose portfolio has proven to resonate strongly with the UK audience”At Midnite, we’re committed to reshaping the UK’s iGaming landscape, and Octoplay’s innovative products give us full confidence that they’re the ideal partner for our mission to deliver exceptional gaming experiences.”
The Midnite integration represents another milestone in Octoplay’s rapid market expansion, which has seen the company secure partnerships with over 80 operators across multiple regulated markets. This UK growth runs parallel to Octoplay’s North American success, where the company recently entered New Jersey through BetMGM and secured provisional licensing in Michigan, demonstrating its strategy of simultaneous expansion across Europe and North America.
The post Octoplay partners with Midnite, continuing its rapid expansion across the UK appeared first on European Gaming Industry News.
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