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Kambi Group plc extends partnership with Kindred Group and gains ability to prepay convertible bond

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New contract continues successful partnership until 2026 while Kambi meets requirements to prepay convertible bond previously issued to Kindred

Kambi Group plc and Kindred Group have agreed a three-year extension to its sportsbook partnership after signing a new agreement up to the end of 2026. In addition to the contract, Kambi’s strong financial performance has seen it meet specific conditions required to prepay, at its own discretion, a convertible bond previously issued to a wholly owned subsidiary of Kindred.

The new agreement, which will take effect after the completion of the current contract which runs until 1 January 2024, continues the successful partnership first established in 2014 following Kindred’s decision to spin-off its sportsbook arm, Kambi, now the world’s leading sports betting technology and services provider.

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As part of the spin-off, Kindred was issued a €7.5m convertible bond in Kambi, however, having satisfied certain financial performance criteria set out in the bond agreement, Kambi now has the option to prepay the full loan amount and exit the bond agreement at any time of its own discretion. Upon the prepayment of the convertible bond, Kambi will no longer be required to seek prior consent for certain events and will eliminate the prospect of Kindred converting the bond into shares, which would have given the operator a controlling influence over Kambi. This ensures Kambi and its shareholders have complete control of the company’s strategic direction.

As well as the continuation of a long and successful partnership, the contract provides security to both Kambi and Kindred throughout the extended term. The contract provides Kambi with a baseline guarantee of revenue, with Kindred committed to a minimum revenue contribution of €55m across 2024 to 2026. Meanwhile, Kindred will be guaranteed Kambi’s technology and services as it aims, over time, to leverage Kambi’s increasingly modularised offering to pursue its own platform strategy. As communicated by Kindred, from 2024 the operator seeks to reduce its reliance on Kambi and rebalance its use of proprietary and third-party products, with Kambi’s technology to remain an integral part of Kindred’s sportsbook offering.

The contract extension comes as Kambi continues to build on its market-leading differentiation capability by further modularising its technology and services to give operators greater scope to create unique sports betting experiences. In doing so, Kambi is strengthening its ability to attract and retain a select group of top-tier partners that increasingly demand a hybrid approach to technology. This approach is reflected in Kambi’s contract extension with Kindred and central to Kambi’s strategy of developing best-in-breed functionality.

Kristian Nylén, Kambi CEO and Co-founder said: “Kambi and Kindred continue to enjoy a fantastic relationship and this contract extension, which sees Kambi commit to providing Kindred with our modularised technology and services until 2026, enables this form of symbiotic partnership to further develop and best support the evolving strategies of both companies.

“The financial security and change of control protection granted by this new agreement, as well as the control we have gained over the convertible bond, place Kambi in a strong position as we enter our next chapter of global growth and take a significant step towards us becoming the key enabler for visionary operators in regulated markets across the world.”

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Henrik Tjärnström, CEO Kindred Group, commented: “I’m very pleased that we have secured a continued collaboration with our long-term partner Kambi to supply us with high-quality technology and trading services for the coming five years. This agreement is an important building block in our long-term strategy to transform Kindred into a product driven company with a sustained dedication on customer experience, and we are excited to continue to work closely with Kambi to evolve the partnership.”

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Love is… RocketPlay Edition: 500+ moments of joy in gaming!

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This Valentine’s Day, RocketPlay Casino brought love and gaming together with a unique and engaging campaign: Love is… RocketPlay Edition. Realizing how online gaming can strengthen romantic connections, RocketPlay encouraged players to creatively showcase their vision of love in gaming.

Valentine’s Day is a great opportunity to reflect that online casinos can positively influence romantic relationships. Recent research conducted by EE has confirmed that online gaming can actually help strengthen romantic connections, as more couples are exploring new ways to share positive experiences together. RocketPlay Casino has decided to take it a step further and ask players to show their vision of love in gaming.

To celebrate Valentine’s Day 2025, RocketPlay launched a special campaign, Love is…RocketPlay Edition. The activity encouraged players to show their creative vision of love in gaming by recreating one of the famous “Love is” scenarios with their own personal casino twist, capturing the moment in a photo or short video.

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The campaign ran from February 6th to 12th, 2025, and, despite the short timeframe, RocketPlay received an impressive 500+ creative entries. This overwhelming response highlighted the excitement and enthusiasm of RocketPlay’s community. Participants have shared heartfelt and fun moments of gaming with their loved ones, making this Valentine’s Day truly special. On February 14th, the winners will be announced on RocketPlay’s social media.

43% of participants shared photos with their soulmates, showcasing the joy of hitting the jackpot together. This theme turned out to be the most popular.

“RocketPlay’s Love is… campaign was such a fun idea! We adore spinning together, and our emotions are completely different: during jackpot moments, he stays extra calm, while I get super emotional! It was such a great way to share our unique gaming moments”, mentioned Anna K., participant.

This Valentine’s Day was filled with positivity and excitement, and the team looks forward to continuing to create more engaging, fun-filled moments with the RocketPlay community. After all, love and gaming go hand in hand!

RocketPlay is a trusted online casino offering over 3 000 slots from top providers like BGaming, Endorphina, and Yggdrasil. With high ratings on platforms such as CasinoGuru (9.8/10), AskGamblers (9.06/10), and Trustpilot (4.4/5), it has earned recognition for its quality and reliability. The casino holds trust certificates from Chipy.com, Casino.guru, and AskGamblers, reflecting its commitment to secure and enjoyable gaming. RocketPlay also offers a variety of bonuses, tournaments, and promotions to keep players engaged.

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For upcoming events, visit RocketPlay website or follow us on WhatsApp, Instagram, Facebook.

The post Love is… RocketPlay Edition: 500+ moments of joy in gaming! appeared first on European Gaming Industry News.

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Roll in style with new game Marble Racing at Sportsbet.io

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Sportsbet.io, the world’s favourite crypto sports betting site, has added a new, first-of-its-kind game, Marble Racing, and is offering lucky players a free bet to get the ball rolling.

Marble Racing builds imaginative marble race tracks and streams races live from its studio. The races are similar to those seen on YouTube, but with an important twist: players can now bet on the winning marble in real time.

It’s a brand new form of high speed entertainment, with races typically lasting between 20 and 60 seconds. Players can pick the winner from eight different marbles, and watch the action unfold from multiple angles.

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To celebrate the launch, Sportsbet.io will drop rewards to lucky users, with the chance to receive up to 10 USDT to bet on Marble Racing.

Alex Haig, Director at Sportsbet.io, said: “Marble Racing brings an entirely new dimension to fun, fast and fair betting, and that’s why we’re so thrilled that Sportsbet.io is among the first to offer this innovative new game. We’re dropping a free bet to lucky accounts because we can’t wait to see players roll into the action.”

Marbles plans to add 20 new races during 2025, giving Sportsbet.io players even more thrilling betting opportunities.

Sportsbet.io has established itself as the place to play, with an unparalleled selection of betting markets and games to choose from.

In December 2023, one lucky sportsbet.io player won a world record slots jackpot, turning a $50 spin into a $42 million prize.

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Plaza Hotel & Casino launches Stay for a Cause to benefit St. Jude’s Ranch for Children

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Located in the heart of downtown Las Vegas, the Plaza Hotel & Casino has partnered with the Southern Nevada charity, St. Jude’s Ranch for Children, to launch Stay for a Cause.

Any guest who books a room at the Plaza Hotel & Casino for check-in prior to Dec. 31, 2025, via the Stay for a Cause hotel package will have 20 percent of the room rate automatically donated to St. Jude’s Ranch for Children. Established in 1966, the nonprofit organization helps provide healing and hope to abused and at-risk children in Southern Nevada.

“The Plaza has previously held toy drives to benefit St. Jude’s Ranch for Children, and we wanted to expand our partnership this year,” said Gary Vickery, vice president of operations at the Plaza Hotel & Casino. “With Stay for a Cause, guests can enjoy a great vacation at the Plaza and make a difference in our community at the same time.”

“We are grateful to the Plaza for their generous support through this innovative program,” said St. Jude’s Ranch for Children CEO Dr. Christina Vela. “By choosing to stay at the Plaza, guests are not just enjoying the wonderful accommodations, but also contributing to providing healing and hope to abused, neglected, exploited, and/or homeless children. We extend our heartfelt thanks to the Plaza and all the guests who choose to make their stay count for a greater cause.”

The post Plaza Hotel & Casino launches Stay for a Cause to benefit St. Jude’s Ranch for Children appeared first on Gaming and Gambling Industry in the Americas.

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