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GAMSTOP marks fifth anniversary with highest number of self-exclusions in a single month
- More than 8,500 new registrations recorded in March 2023, a 24% YOY increase
- Increase in activity comes as GAMSTOP marks its fifth anniversary
- Independent evaluation shows support for lifetime exclusion option
The UK’s independent online self-exclusion scheme, GAMSTOP, recorded 8,504 registrations in March, its highest ever figure in a single month, and a 24% year-on-year increase.
The unprecedented spike in self-exclusions comes on the eve of the fifth anniversary of GAMSTOP’s inception. The service was launched in April 2018 and in March 2020 it became a licensing condition for all UK operators to integrate with the scheme, in addition to operating their own self-exclusion schemes.
More than 365,000 people have registered with GAMSTOP from its inception to the end of March 2023, choosing to exclude themselves from all UK operators for a period of either six months, a year or five years, with nearly 330,000 still excluded.
The most likely explanation for the surge in self-exclusions was the Cheltenham Festival, which took place from March 12-15th, attracting hundreds of millions of pounds in wagers. The biggest days for registrations were in the immediate aftermath of the festival.
GAMSTOP recently commissioned independent research agency, Sonnet, to interview a sample of its users, following up a comprehensive evaluation of the service in 2021, which showed that 84% felt safer from gambling-related harm and more in control of their gambling after registering.
The interviewees said that GAMSTOP provided an important safety net and knowing an exclusion was in place helped their recovery because it made them feel safe. Many wanted to have the option of a lifetime exclusion and felt it would help to signal the seriousness of gambling addiction, similar to alcohol or drugs, and to remove social stigma.
Fiona Palmer, CEO of GAMSTOP, said:
“Our most recent data shows that, five years after our inception, GAMSTOP is providing an increasingly important service to potentially vulnerable consumers who want to take a break from gambling. The record monthly registrations shows that we cannot underestimate the demand for a scheme such as GAMSTOP. It is extremely important that we continue to raise awareness to make sure that anyone who needs us knows about us. We also need to continue to listen to our users and develop and improve the scheme to meet their needs.
GAMSTOP registrant Jack Scott spoke about the impact GAMSTOP has had on his life:
“I signed up to GAMSTOP in December 2020 and its impact has been nothing short of life-changing. Prior to signing up for GAMSTOP, I suffered from a lengthy addiction to online gambling that saw me gamble away a terrifying amount of money, often money which I didn’t have.
Since then, I’ve been able to take comfort in the fact that I am unable to access or gamble on those online sites and have been able to commit myself to my real passion of ultrarunning, something I simply wouldn’t have been able to do without GAMSTOP.
I encourage anyone who thinks that they might be suffering from a gambling-related issue to research GAMSTOP or to take advantage of the TalkBanStop partnership, which combines self-exclusion with device blocking software, bank blocks and getting the support you might need through Gamcare”.
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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.
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.
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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