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Veloce Racing enters W Series with inaugural champion Chadwick
London-based squad continues to expand racing roster by entering all-female, single-seater Formula 1 support series ahead of Austrian season-opener
Veloce Racing has announced its entry into the 2021 W Series Championship ahead of the highly anticipated curtain-raiser this weekend (26 June) at the Red Bull Ring in Spielberg, Austria. Alongside its flourishing Extreme E outfit and market-leading esports ecosystem, the organisation has successfully secured a second real-world motorsport franchise in another innovative series.
Reigning W Series Champion Jamie Chadwick will also drive for the London-based organisation in W Series, having already competed for Veloce Racing in the opening two rounds of the all-electric off-road SUV championship in Saudi Arabia and Senegal, securing a second-place finish in the latter.
The 23-year-old Brit will be partnered by Brazilian ace Bruna Alberti Tomaselli, who has made waves in the southern and central American motorsport arena. Noteworthy performances include a win and a subsequent fourth place overall in Brazil’s Formula Junior Championship in 2014 while she more recently recorded victories in one of the country’s leading GT series, Imperio Endurance Brasil.
Veloce joins the championship at an intriguing time. W series has assigned this season as a transitional period, while they make the necessary changes both on and off-track before making the switch to a fully team-based series in 2022.
Rupert Svendsen-Cook, Team Principal, Veloce Racing commented: “We’re delighted to be taking the next step on the Veloce journey and announcing our entry into the 2021 season of W Series. As a competition that showcases the very best female racers and consistently delivers top quality action, it is the perfect platform for Veloce as an organisation.
“Veloce has a passion for pushing boundaries, demonstrated by our thriving esports setup and pioneering Extreme E team, and entering the W Series is another significant step in marking us out as a forward-thinking, disruptive presence in the motorsport arena.
“I’ve worked with Jamie for many years now; she is our lead female in the Veloce Extreme E team and of course the reigning W Series Champion. Although still early in her career, she possesses a wealth of talent and when paired with Bruna Alberti Tomaselli the two will be an incredible force carrying the Veloce banner.”
Jamie Chadwick, Driver, Veloce Racing commented: “What amazing timing for us to make this announcement. Fresh off the back of our Senegal podium, it’s great to be able to sign for Veloce in W Series as well and keep things consistent with the team despite racing in two different championships.
“I’ve been working with Veloce and Rupert for a long time so I’m really looking forward to being able to carry our momentum from Extreme E into another series that I’m really passionate about. I’m also really excited to be working with Bruna. She obviously hasn’t raced in W Series before so can bring a fresh perspective to the team which will be really useful.
“Obviously I’d love to successfully defend my title but there’s a lot of really talented women on this grid so I know it won’t be easy. Of course, I’ll be giving it everything and be gunning for glory but it’s important to take each race as it comes and not get ahead of ourselves.”
Bruna Alberti Tomaselli, Driver, Veloce Racing commented: “Veloce is such a new and exciting team, I can’t wait to get started! The team may still be young, but they clearly have an excellent approach to racing and I think the importance of esports can’t be underestimated in the modern motorsport world.
“It’s going to be brilliant to drive with Jamie in my first season. As the first-ever W Series Champion, she’s clearly a very fast driver and it will be great to work with her and learn all I can.
“As there has been a year off from the championship, I think that will help me in adapting to the cars and the series. It isn’t as fresh in everyone’s mind as if they had been racing last year, so I’m hoping I’ll be able to get up to speed early in the season.”
The squad’s entry into the all-female single-seater category aligns perfectly with its gender equality ethos and was therefore a natural path of progression for Veloce and the next step on its journey into disruptive areas of the motorsport industry.
W Series is a gateway to inspire millions of young women around the world, not just in motorsport but in any industry where females are under-represented and where opportunities need to be more readily available.
Running in parallel to Veloce’s carbon offset efforts in Extreme E, the team will be working with carbon offset partner ALLCOT Group to measure, mitigate where possible, and offset their carbon footprint across the W Series season.
W Series gets underway this weekend at the Red Bull Ring in Austria (26 June), swiftly followed by round two at the same venue the following weekend (3 July). The championship fraternity then heads to Veloce’s home race of Silverstone two weeks later (17 July).
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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.
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Kambi Group plc repurchase of shares during 18 December – 23 December 2024
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.
CEO of Expanse Studios
Expanse Studios (GMGI) Enters the U.S. Sweepstakes Market
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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