Connect with us

Latest News

Summary from the annual general meeting 2022 of Raketech Group Holding Plc.

Published

on

Reading Time: 3 minutes

 

The shareholders of Raketech Group Holding Plc gathered in Stockholm, Sweden, on 17 May 2022 to hold an annual general meeting. The following resolutions were made.

It was resolved to approve the Consolidated Financial Statements of the company, the Director’s Report and the Auditor’s Report for the financial year ending 31 December 2021. The meeting resolved to not pay any dividends for the financial year 2021 in accordance with the directors’ recommendation.

Ulrik Bengtsson was elected as board member and Chairman of the Board of Directors, Erik Skarp, Johan Svensson and Magnus Gottås were re-elected as members of the Board of Directors and Pierre Cadena and Clare Boynton were elected as new members of the Board of Directors, all directors being elected for the period until the end of the next annual general meeting in accordance with the Nomination Committee’s proposal.

Annika Billberg and Fredrik Svederman did not stand for re-election.

The meeting resolved that the fees to be paid to the members of the Board of Directors shall be allocated as follows: EUR 50,000 to the Chairman of the Board of Directors and EUR 30,000 to each of the other members of the Board of Directors. No Director having an operational role in the Company or its subsidiaries under which the Director receives a salary, or a consultancy fee shall receive any compensation for the work conducted in the Board of Directors and any committees. The meeting further resolved that the Chairmans of the Audit Committee, of the Remuneration Committee and of the USA Committee shall respectively be entitled to a remuneration of EUR 10,000 each.

PricewaterhouseCoopers Malta was re-elected as the company’s auditor for the time until the end of the next annual general meeting in accordance with the Nomination Committee’s proposal and Audit Committee’s recommendation. The meeting resolved that the auditor’s fees shall be payable in accordance with any invoice approved by the Remuneration Committee.

The meeting resolved to approve the Nomination Committee’s proposal on the principles for appointing the Nomination Committee of the company until the annual general meeting of 2023.

The meeting resolved to adopt the Board of Director’s proposal for guidelines for remuneration to senior management.

The meeting further resolved to adopt an incentive program in accordance with the proposal from the Board of Directors. The program comprises of share options which the participants are entitled to exercise to subscribe for shares in Raketech. The program included a maximum of 28 participants and not more than 1,080,000 share options, which may entitle to the same number of new shares. The share options will vest for three years from the allocation to each participant, whereby 1/3 will vest after the first year, an additional 1/3 after the second year and the remaining 1/3 will vest after the third year. After the vesting, the participant can receive shares in the company.

In accordance with the proposal of the Board of Directors, the meeting resolved to amend the Memorandum of Association and Articles of Association of the company to form a fiscal unit pursuant to Maltese law.

In accordance with the proposal of the Board of Directors, the meeting also resolved to amend the Memorandum of Association and Articles of Association of the Company, to alter the maximum number of shares which may be issued by the Directors as payment for an acquisition of assets by the company or by any of its subsidiaries after the date of the meeting and/or as payment to a creditor in settlement of debts owed by the company or its subsidiaries after the date of the Meeting, up to an aggregate maximum of 20% of the issued shares on a rolling 12-month basis, and to extend the validity of the authorisation period set out therein until the end of the company’s annual general meeting for 2023, subject to the company’s ability in general meeting to renew this permission by ordinary resolution for further maximum periods of 5 years each thereafter.

Finally, in accordance with the proposal of the Board of Directors, the meeting resolved to amend the Memorandum of Association and Articles of Association of the Company, for the purpose of authorising the Directors to issue shares up to the maximum value of the authorised share capital of the company for any other reasons, for a maximum period of 5 years renewable for further maximum periods of 5 years each.

Powered by WPeMatico

Continue Reading
Advertisement

Gaming Corps

Gaming Corps Slots Arrive at Lottomart

Published

on

gaming-corps-slots-arrive-at-lottomart

Lottomart has broadened its games portfolio with the addition of titles from Gaming Corps, bringing players a vibrant mix of bold themes, inventive mechanics, and personality-driven slot experiences.

Gaming Corps has carved out a unique identity in the iGaming industry by approaching game design from a fresh perspective. Drawing inspiration from pop culture, storytelling, and contemporary entertainment, the studio delivers slots that are energetic, engaging, and built to capture attention from the first spin.

Lottomart players will soon enjoy standout Gaming Corps titles such as 3 Pigs of Olympus Bonus Pot, 3 Pigs of the Caribbean, and 3 Pots of Potion Bonus Pot. Adventure-driven releases like Fins of Fortune and the action-packed Anubis vs Horus: Twin Titans further enrich the offering, each featuring vibrant visuals and entertaining bonus mechanics that keep gameplay dynamic and immersive.

The partnership reinforces Lottomart’s commitment to expanding its slots catalogue with studios that deliver fresh, innovative, and engaging experiences for players.

Chris Ruddock, Commercial Director at Lottomart, said: “Gaming Corps adds a creative spark to our slots portfolio. Their games are distinctive, entertaining, and a perfect fit for our players, and we’re thrilled to bring their content to Lottomart.”

Graham Greensmith, CCO at Gaming Corps, added: “Partnering with the fantastic team at Lottomart has been a key goal for us, and we’re delighted to see it come to fruition. Our games are designed to resonate with Lottomart’s player base, and this partnership supports our rapid UK expansion. With even more innovative and diverse content planned for 2026, we’re excited about the opportunities ahead.”

The post Gaming Corps Slots Arrive at Lottomart appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Groove

Groove Rolls Out Next-Gen Instant Tournaments Solution

Published

on

groove-rolls-out-next-gen-instant-tournaments-solution

In an industry where player attention spans diminish rapidly, leading platform and aggregator Groove has launched what could be the most valuable weapon in the fight for engagement: their groundbreaking Instant Tournaments Tool.

This groundbreaking advancement enables operators to envision, set up, and initiate high-stakes tournaments straight from Groove Command’s back-office faster than it takes to make a pot of coffee, no developers needed, no delays, only sheer competitive excitement at the speed of now.

The development team, under the guidance of Product Development Head Shay Kababie, observed with pleasure as the initial live test occurred. An experienced casino operator, who was initially doubtful, launched a $10,000 Blackjack Blitz with only a few clicks. The outcome? A sudden increase in players, soaring engagement statistics, and revenue boosts, all happening before lunchtime arrived.

“This alters everything,” the operator said, observing leaderboards illuminate in real-time.

For years, creating tournaments involved managing intricate technical specifications, relying on overloaded development teams, and hoping that everything would run smoothly at launch. Groove’s approach completely eliminates these obstacles.

The new advancement in the Groove Command platform is already causing a stir in the iGaming industry, as beta testers indicate significant increases in player involvement and earnings.

“This isn’t just an upgrade, it’s a fundamental shift in how operators compete,” says Rachel Tourgeman, Head of Partnerships at Groove. “Our partners have been begging for a solution that keeps pace with player demand. Now they can create high-stakes tournaments faster than most teams can schedule a meeting. We’re seeing operators launch tournaments around live sports events, viral trends, even competitor outages, all in real time.”

Operators can now react to market trends with the quickness of day traders, identifying an opportunity in the morning and profiting from it by afternoon. Looking to take advantage of a competitor’s downtime? A competition exists for that. Looking to reconnect with inactive VIPs? The ideal challenge is merely a few clicks away.

This advancement integrates effortlessly into the Groove Command ecosystem, the most robust back-office platform in the industry. In this scenario, establishing a tournament is merely one tool in a well-equipped arsenal. Operators have total control over their operations, encompassing detailed game management, real-time financial analysis, compliance protections, and now, immediate competitive experiences that engage players continuously.

The consequences are significant. While rivals may take days or weeks to set up tournaments, operators using Groove can experiment, refine, and enhance various tournament formats in just one afternoon.

The platform’s user-friendly interface masks its advanced features, customizable prize formats, interactive leaderboards, and specific player segmentation can all be effortlessly set up via a sleek dashboard.

“Speed has become the ultimate competitive advantage in iGaming,” explains Kababie. “We’re not just giving operators tools, we’re giving them the ability to outmanoeuvre competitors at a strategic level. The team that can launch a perfect tournament when a trending slot drops, or capitalise on a major sporting event in real-time, that’s the team that wins.”

Looking ahead, Groove’s roadmap promises even more disruptive innovations, including AI-driven tournament suggestions and automated optimisation algorithms. But for now, the message to the industry is clear: the tournament landscape has changed forever, and operators who hesitate will find themselves hopelessly outpaced.

Yahale Meltzer, Co-Founder and CEO of Groove, explains the strategic advantage: “For years, operators have been trapped in a cycle of slow, expensive tournament development. We’ve broken that cycle. Now when an operator sees Messi score a hat-trick or Drake tweet about a new slot, they can capitalise immediately. That agility is worth millions in today’s market.”

Perfectly incorporated into the Groove Command platform, the Instant Tournaments Tool complements a range of operator-centric innovations such as real-time analytics, automated compliance verification, and data-informed game suggestions. The user-friendly interface of the system enables operators to configure personalized rules, prize frameworks, and qualification criteria effortlessly through easy dropdown menus, eliminating the need for coding skills.

In the future, Groove has hinted at new features such as AI-driven tournament enhancement and large-scale cross-operator events. However, as Meltzer observes, “The true revolution is occurring at this moment, in the possession of operators who realize that speed is the new greatest competitive edge.”

Meltzer states, “The tournament arms race has changed permanently and Groove has just given operators the nuclear codes.”

The post Groove Rolls Out Next-Gen Instant Tournaments Solution appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Bet St George

A knight at the races: Bet St George launches VIP giveaway at Cheltenham

Published

on

a-knight-at-the-races:-bet-st-george-launches-vip-giveaway-at-cheltenham

Bet St George’s brand mascots will greet fans in key locations around Cheltenham, offering racegoers the chance to win a VIP day out at the jump season finale at Sandown on St George’s Day weekend.

As part of its launch campaign, the operator is inviting supporters to “Take on the Knight” – the enigmatic figure at the heart of the brand. Created as a bold symbol of the company’s challenger mentality, the Knight represents Bet St George’s ambition to stand up for punters while bringing personality back to the betting experience.

The UK Gambling Commission-licensed operator will place football and horse racing at the centre of its offering, supported by a full sportsbook and casino platform. Its positioning leans strongly into an English identity, highlighting domestic teams, homegrown talent and the country’s biggest sporting events.

England-focused markets, specials and promotions will feature prominently, reinforcing the brand’s commitment to backing English sport and its supporters.

The stage is set

Bet St George Head of Marketing Andre Au said: “Cheltenham felt like the perfect stage to introduce Bet St George properly. It’s one of the great moments in the British sporting calendar, and we wanted to show from day one that we’re here to add to the occasion and put fans first.

“‘Take on the Knight’ captures exactly what we’re about. We’re not just launching another sportsbook – we’re building a brand with personality, confidence and a clear point of view. The Knight represents that spirit. He stands for value, fairness and a willingness to go toe-to-toe in a competitive market.

“Our focus is firmly on English sport – from the passion of domestic football to the heritage of racing – and we’re committed to giving those markets the attention they deserve. That means competitive pricing, standout promotions around major national events and a genuine readiness to take bets. We want customers to feel that Bet St George is on their side, especially when it comes to backing English teams and talent on the biggest stages.”

The post A knight at the races: Bet St George launches VIP giveaway at Cheltenham appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania