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ZK International Enters iGaming With Series A Investment Up To $50 Million In Carousel Group To Launch MaximBet

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ZK International Group Co., Ltd. is pleased to announce that it has led a $50M Series A funding round in CG Malta Holding Limited (“CGM”), a rapidly-growing, privately-held multi-state and globally licensed sports betting and casino operator, to launch MaximBet.com. MaximBet is a strategic partnership with Maxim, the renowned media brand and CGM.

The Company’s investment in CGM will total $50 Million through two closings. The first closing occurred today in which the Company has acquired a 12% interest for the purchase price of $15,000,000. The second closing anticipated to occur within the second quarter, will result in the Company acquiring an additional 13% for the purchase price of $35,000,000. Upon completion of the two closings, the Company will own a total interest of 25% in MaximBet.

MaximBet will be made up of a market-leading sports betting and casino website at MaximBet.com, and tailor-made native iOS and Android apps that will allow users to bet on sports and casino in the United States and around the world. The new venture will leverage Maxim’s integrated network of print, digital, social and experiential platforms to engage the loyal Maxim community and sports bettors alike.

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“Maxim has successfully established itself as a preeminent lifestyle brand over the last 25 years,” said Daniel Graetzer, CEO of CGM. The CEO of CGM continues, “our mutual objective is to provide sophisticated entertainment and VIP experiences to the same customer demographic which makes Maxim the perfect partner for CGM.”

Aside from its currently live operation in Colorado, Carousel Group has also entered into a multi-state, 10 year partnership with Caesars Entertainment, Inc., (NASDAQ:CZR) that will see its online sportsbook made available to customers in New Jersey, Indiana and Iowa, as well as its online casino in New Jersey, pending obtaining necessary gaming licenses. MaximBet intends to capture a significant share of the U.S. online gambling market, which is projected to be an annual $10 billion industry by 2025.

Last month, ZKIN announced the formation of its new wholly-owned subsidiary, xSigma Entertainment Limited, with the intent of acquiring online gaming assets to increase shareholder value by targeting businesses in the growing online casino industry. The Company is thrilled to share that its first strategic investment in the US online gambling industry is with an internationally-recognized brand and a premier operator that boasts a team with decades of experience.

Today’s closing of $15 million in Series A funding marks the beginning of the Company’s innovative approach to add value to its shareholders. Jiancong Huang, Chairman of the Company, states, “We are pleased to act as a capital partner to such an amazing brand and experienced management team. Our Company and shareholders are excited about the future and we are looking forward to adding shareholder value to CGM as MaximBet readies to rapidly scale its operations in 2021.”

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BEGE PROUD TO ANNOUNCE VERMANTIA AS SECOND-YEAR GENERAL SPONSOR OF THE BEGE AWARDS

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BEGE is delighted to announce that Vermantia will once again serve as the esteemed General Sponsor of the BEGE Awards, marking their second consecutive year in this prestigious role. The 16th edition of the BEGE Awards continues to celebrate excellence, innovation, and leadership within the gaming industry – and Vermantia’s ongoing support underscores their unwavering commitment to driving growth and recognition across the sector.

As a global leader in delivering premium omni-channel content and cutting-edge technology solutions for the gaming and betting industries, Vermantia’s partnership with BEGE exemplifies a shared dedication to advancing industry standards through innovation and collaboration.

“We are absolutely thrilled to have Vermantia supporting us once again this year! Their steadfast commitment is a powerful testament to the strength of our enduring partnership. We’re incredibly grateful and excited as we look forward to the BEGE Awards night, where the industry’s brightest leaders will be celebrated for their outstanding achievements,” said Nino Berezhiani, Marketing Manager at BEGE.

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The BEGE Awards remain a key platform for recognizing pioneering contributions and exceptional talent within the gaming industry. Partnering with Vermantia elevates the event’s stature and amplifies its impact on the industry’s future.

Join the BEGE Awards on November 26th, during the first day of the upcoming BEGE Expo, to honor excellence and innovation. The 16th BEGE Awards will gather industry leaders, innovators, and stakeholders from around the world for an unforgettable celebration.

For more information about the BEGE Awards and the event, visit: https://www.balkangamingexpo.com

The post BEGE PROUD TO ANNOUNCE VERMANTIA AS SECOND-YEAR GENERAL SPONSOR OF THE BEGE AWARDS appeared first on European Gaming Industry News.

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FDJ UNITED Confirms Strong Half-Year Progress and Maintains 2025 Guidance

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FDJ UNITED, a leader in lottery, betting and gaming in Europe, announced its results for the first half of 2025.

• First-half revenue of €1867m: up +31% compared with H1 2024 reported and down -2% on a restated basis

• Buoyant performance by the French lottery and retail sports betting BU with revenue of €1290m, up +4% on a restated basis

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• Lottery revenue rose by +6% to €1065m. This performance can be attributed to the whole range of games and all distribution channels, particularly digital, which rose by +16% to €160m

• Point-of-sale sports betting revenue fell by -6% to €225m. This change reflects unfavourable sports results for the operator, despite stakes boosted by an attractive football offering (+4%)

• Online betting and gaming BU2 revenue of €466m, down -12% on a restated basis

• This change reflects a very unfavourable 2024 comparison base, due in particular to the Euro football tournament, as well as tax and regulatory impacts in 2025, particularly in the Netherlands and the UK. Excluding these two markets, revenue would be up 5% thanks to the performance of other countries, including France

• Second-quarter revenue came to €235m, up +2% compared with the first quarter of 2025

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• Recurring EBITDA of €441m, representing a margin of 23.6%, or 24.4% excluding the cost of the employee share ownership plan (€14m)

• Adjusted net income of €222m

• This reflects the impact of the financing of the Kindred acquisition on the financial result and the one-off tax contribution on the profits of large French companies

• 2025 objectives reiterated: stable revenue versus 2024 pro forma, with a recurring EBITDA margin of over 24%

• Successful employee share ownership plan bringing the share of capital held by employees to 4.6%

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• Taken up by more than half of employees and largely oversubscribed

“2025 stands as a transition year for FDJ UNITED, with the integration of Kindred well on track. In this context, our first-half performance is in line with the expected full-year trajectory. Besides, we are pleased by the success of the employee share ownership plan launched by the Group, reflecting our long tradition of sharing FDJ UNITED’s value creation with all stakeholders,” Stéphane Pallez, Chairwoman and Chief Executive Officer of FDJ UNITED.

The post FDJ UNITED Confirms Strong Half-Year Progress and Maintains 2025 Guidance appeared first on European Gaming Industry News.

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SYNOT Games Announces New Partnership with eBingo

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SYNOT Games, a well-established provider of online games and retention tools, has announced a new partnership with eBingo, marking a significant step forward in the company’s expansion within the Spanish iGaming landscape. The first batch of SYNOT Games’ titles is already live in eBingo’s lobby, with full access granted to the supplier’s complete portfolio.

This partnership reflects SYNOT Games’ strategic commitment to working exclusively with trusted operators in regulated markets, placing a strong emphasis on transparency, responsible gaming and long-term value for players and business partners alike.

Spain remains one of the most dynamic regulated iGaming markets in Europe. Through this new integration, SYNOT Games strengthens its local presence, offering games tailored to the preferences of Spanish players and fully aligned with all relevant compliance standards.

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As part of the collaboration, eBingo now has access to the entire SYNOT Games portfolio of more than 200 games, including popular titles such as Respin Joker, Volcano Explosive or Money Vaults. All games have been tested, certified and optimised for the Spanish market and delivered following technical and regulatory requirements.

Martina Krajčí, Chief Commercial Officer at SYNOT Games, said: “Spain is a key market for us, and the partnership with eBingo is another important milestone in strengthening our footprint in Western Europe. We only collaborate with operators who share our values when it comes to quality, transparency, and responsibility. We are pleased that eBingo’s players can already enjoy our titles.”

Aurelio Campo, Operations Manager, eBingo ES, said: “We are proud to partner with SYNOT Games, a provider known for delivering consistently high-quality, certified content tailored to regulated markets. Their diverse portfolio and technical reliability align perfectly with our commitment to offering the best gaming experience to our players in Spain. We look forward to a successful and long-lasting collaboration.”

This agreement forms part of SYNOT Games’ broader 2025 expansion strategy, which focuses on increasing its presence in regulated markets and providing localised, high-performance content to operators across Southern Europe and beyond.

The post SYNOT Games Announces New Partnership with eBingo appeared first on European Gaming Industry News.

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