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RAW iGaming signs industry heavyweights as CTO and COO
Ricardo Ruiz and Henrik Fagerlund join fast-growing studio that recently launched its first two titles powered by its innovative SuperSlice® engine
RAW iGaming, the new innovative online slot developer, has strengthened its senior management team with the appointment of two industry heavyweights, Ricardo Ruiz and Henrik Fagerlund.
RAW iGaming was founded in March 2021 by industry veteran Tom Wood and has already driven massive interest for its new and innovative SuperSlice® concept. It now plans to build out its management team as it continues to grow at pace.
Ruiz joins as Chief Technology Officer and will use his strong academic background in computer science and more than ten years industry experience to further develop and improve the architectural and technical foundation of the business.
He moves to RAW from Videoslots where he was CTO and was responsible for bringing forth technical growth and innovation for the operator as well as launching its platform in multiple regulated markets around the world. He has also held CTO roles at Native Sevilla and M-Bet Tanzania.
Ricardo Ruiz, Chief Technology Officer at RAW iGaming, said: “I am super passionate about technology, gaming and product innovation and with RAW I get all my boxes checked.
“It’s such a great time to jump on board, with so much achieved already but still with everything in front of us. I look forward to building new technology, culture and a new team that’s going to disrupt the industry in the most spectacular way.”
Fagerlund has been appointed to the role of Chief Operating Officer at RAW iGaming and has been tasked with ensuring the provider operates with reliability and to the highest possible standards. His experience is unrivalled having held senior roles at GTECH and Paf.
He joins RAW from provider powerhouse Evolution Gaming where he was Managing Director of Malta for NetEnt and Director of Product Innovation for Evolution. He will now focus on driving company operations including strategy, product development and sales.
Henrik Fagerlund, Chief Operations Officer at RAW iGaming, said: “I truly love the iGaming industry for being so dynamic and ever changing but the one thing I feel is missing is true innovation.
“When I met Tom and he showed me the SuperSlice® concept and the other stuff he is cooking up I felt like real innovation was here and something I wanted to be a part of. Tom explained this is what RAW is about, shaking things up, innovating, and truly avoiding the sea of sameness.
“That hit the target for me and it’s an absolute honour to join RAW. Here I can bring all my experience, passion and energy to the table and help make a difference.”
Tom Wood, CEO of RAW iGaming, said: “Adding Ricardo and Henrik further establishes RAW’s focus on excellence and quality.
“Ricardo will ensure the technical security and viability of our platforms while Henrik will bring to bear his incredible wealth of knowledge in iGaming and will ensure our teams deliver to the quality levels and innovation which RAW will be known for.
“I feel so honoured they have chosen RAW, and both together will ensure stability during RAW’s quick expansion.”
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.
Latest News
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.
Expanse Studios (GMGI) Enters the U.S. Sweepstakes Market
GamCare releases Annual Report following record breaking year of support on the National Gambling Helpline
Kambi Group plc repurchase of shares during 18 December – 23 December 2024
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