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VOXBET SECURES FUNDING FROM TEKKORP CAPITAL, WATERHOUSE VC, ROBIN CHHABRA AND ANDY CLERKSON

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Voxbet attracts investment from industry heavyweights to accelerate growth

Voxbet, the creator of innovative software that allows customers to speak or type their bets, has secured strategic funding from a powerhouse group of international investors, led by Matt Davey and Tom Waterhouse.

This key investment arrives courtesy of Davey’s leading investment vehicle, Tekkorp Capital, alongside Waterhouse’s investment fund, Waterhouse VC. Tekkorp Capital also leverages the expertise and experience of two senior former Fox Bet and William Hill executives in Robin Chhabra and Andy Clerkson.

Voxbet is a technology company that enables sports bettors to speak or type what they want from a sportsbook, whether that’s a bet, a market or a tip. This journey reflects what customers are already accustomed to everywhere else online. Consequently, this financial validation from some of the sector’s most prescient players lights a fire under Voxbet’s goal to transform the user experience for sports bettors of every generation and territory.

The fresh financing will be used to drive Voxbet’s growth internationally, supporting the rapid development of its proprietary natural-language technology, across both voice and text services, and bolstering its product roadmap over the coming 12 months.

Davey is recognised as one of the industry’s most astute investors and dealmakers, having overseen more than ten mergers and acquisitions. Previously, he was CEO of SG Digital, the digital division of Scientific Games Corp. following a $631m purchase in 2018 by Scientific Games of NYX Gaming Group Ltd, where Davey also previously served as CEO. More recently, Davey’s SPAC, Tekkorp Digital, announced its $250m initial public offering last October, with a view to pinpointing a high-growth betting and gaming company with which to merge.

Chhabra and Clerkson have also been in the vanguard of corporate-acquisition activity within the digital gaming landscape for over a decade, defining progressive pathways around corporate strategy, M&A, and scale-up success stories.

Waterhouse founded Waterhouse VC in August 2019 to leverage the advantages of his past 20+ years of industry experience. The fund has an outstanding team of investment expertise, as well as in-house technical talent with past operational experience in the industry. The fund invests globally across publicly listed and private gaming and wagering businesses, with a particular focus on B2B suppliers to operators. The team profiles businesses that are agile enough to get to the top of operators’ product pipelines.

Accordingly, this consequential consortium combines for a peerless track record in building, investing and stewarding innovative digital companies to greater scale and dominant positions in the ever-evolving global gaming ecosystem.

Matt Davey, CEO at Tekkorp Capital, commented: “At Tekkorp Capital, we provide a natural habitat for transformative, high-growth igaming businesses. We’ve observed Voxbet’s impressive development, but have been particularly impressed with their recent strides in the field of speech recognition and natural-language processing, which afford them a material head start in this rapidly evolving industry. I expect they will continue to improve and consolidate their existing product offering for geographical expansion. These transformative steps cohere with our own vision around the catalytic power of tech in digital sports betting.”

Tom Waterhouse, CIO of Waterhouse VC, said: “The Waterhouse VC Fund aims to generate capital growth by holding long-term strategic investments in companies that can truly shape the future of the sports betting industry. Voxbet’s technology immediately improves and delivers a step change in the UX for international customers, so their credentials leapt off the page.”

Jonathan Power, Founder of Voxbet, added: “We’re thrilled to be joined on our journey by such excellent company. In leveraging their collective understanding and expertise, alongside an extensive network of long-standing relationships, Voxbet is instantly better-placed to strategically identify and execute on our next important steps. The team’s members have been involved in some of the most defining and instructive transactions in the sector, invariably creating significant shareholder value in the process. Naturally, they bring invaluable advisory acumen beyond their respective investments.”

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Bonus Reels™

Relax Gaming takes slot appeal to the next level with the launch of Bonus Reels™

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Relax Gaming, the iGaming aggregator and supplier of unique content, has unveiled Bonus Reels™, a brand-new bet option that lets players significantly increase their chance of entering bonus game rounds.

Designed to add pace and excitement, Bonus Reels™ offers a simple, toggle-on experience that elevates slot appeal to the next level. Unlike a traditional feature buy, Bonus Reels™ gives players a vastly increased bonus-entry chance for 10x the base bet while keeping RTP and return efficiency the same.

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To activate Bonus Reels™ players switch a toggle to trigger a “super-charged” spin priced at 10x the base stake, offering a 1-in-10 chance to start a bonus game. It’s an optional, faster way to experience bonus content without bypassing the core game entirely.

Currently, five games are available to operators with Bonus Reels™, Bill & Coin 2 Mummy Mischief, Jumbo Juicy, Conquer Babylon, Aura God and Ancient Tumble.

Looking ahead, selected all-network Relax releases are set to include Bonus Reels™, with no additional setup required; Relax will “flip the switch,” with the bet option already pre-certified.

Martin Stålros, CEO of Relax Gaming, said: “Bonus Reels™ is about giving players choice and momentum. For those who love the thrill of bonus features, this offers a quicker route into the action while maintaining the same RTP. It’s easy for operators to enable Bonus Reels as it is pre-certified and fits seamlessly into our network titles. We’re excited to roll it out, starting with five launch games and expanding rapidly from there.”

The post Relax Gaming takes slot appeal to the next level with the launch of Bonus Reels™ appeared first on European Gaming Industry News.

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Aquisitions/Mergers

Gregorio Araneta to Sell its Entire 57% Stake in PhilWeb to Nexora Holdings and Velora Holdings

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Philippine eGames provider PhilWeb’s principal shareholder Gregorio Araneta Inc (GAINC) is going to sell its entire 57% stake in PhilWeb to Nexora Holdings Inc and Velora Holdings Inc for a total consideration of Php1.8 billion (US$30.8 million), representing 829,574,354 common shares.

GAINC is owned by Gregorio “Greggy” Araneta III, a member of the powerful Araneta family and the brother-in-law of Philippines President Ferdinand Marcos Jr.

Given that the transaction would involve control of more than 35% of the outstanding voting shares of PhilWeb, the buyers will be required to conduct a mandatory tender offer to remaining shareholders to acquire full control of the company as per local laws.

PhilWeb noted that the buyers are closely linked to the company, with current PhilWeb President & Director Edgar Brian K. Ng also serving as President, Chairman & a Director of Nexora, while current PhilWeb Vice Chairman and Director Crisanto Roy B. Alcid is a Director and the Treasurer of Nexora.

The post Gregorio Araneta to Sell its Entire 57% Stake in PhilWeb to Nexora Holdings and Velora Holdings appeared first on European Gaming Industry News.

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Betsson Greece

Betsson Supported Crete Half Marathon as Official Sponsor

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Continuing its longstanding commitment to supporting sports and local communities, Betsson Greece was once again present at one of the island’s most anticipated sporting events.

Celebrating its tenth anniversary this year, the Crete Half Marathon has become a flagship event for the region, attracting thousands of runners from Greece and abroad. Participants took part in the 21.1 km, 10 km and 5 km races, as well as children’s and inclusive races for people with disabilities, reinforcing the event’s inclusive spirit.

Betsson brought vibrant energy to the event, with its lively fan zone becoming a central meeting point for runners and spectators alike, offering gifts, activities and smiles throughout the day. Representing the company at the event, Thanos Marinos, Managing Director of Betsson Greece, took part in the awards ceremony and emphasised Betsson’s commitment to initiatives that promote sports and celebrate the rich culture of Crete.

Adding to the day’s excitement, OFI football players Giannis Theodossoulakis and Manolis Faitakis joined the festivities, engaging with participants, posing for photos and sharing words of encouragement, further amplifying the spirit of community and togetherness that defines the event.

Through its sponsorship of the International Crete Half Marathon, Betsson Greece once again underlines its dedication to promoting sports, fair play and social inclusion. Supporting major and local sporting events across Greece, Betsson continues to champion initiatives that strengthen community bonds and highlight the positive power of sport in society.

The post Betsson Supported Crete Half Marathon as Official Sponsor appeared first on European Gaming Industry News.

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