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iGaming Industry

GVC Holdings makes £3.9b play for Ladbrokes Coral Group

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GVC Holdings makes £3.9b play for Ladbrokes Coral Group

UK-listed online gambling operator GVC Holdings is making another run at acquiring rival Ladbrokes Coral Group.

 

On Thursday, GVC Holdings announced that its board of directors and their counterparts at Lads Coral were engaged in “detailed discussions regarding the possible combination of the two businesses” after GVC submitted its latest proposal to acquire Lads Coral’s entire share capital.

GVC’s offer, the total value of which could top out at £3.9b, offers Lads Coral shareholders 32.7p in cash and 0.141 ordinary GVC shares for each Lads Coral share.

A further value of up to 42.8p would be structured as a contingent value right (CVR) dependent on how severe the UK government plans to restrict the use of fixed-odds betting terminals in Lads Coral betting shops.

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Assuming all proceeds as planned, GVC anticipates that its shareholders would end up holding 53.5% of the enlarged entity, with Lads Coral shareholders holding the rest. The parties have agreed that GVC CEO Kenny Alexander would head up the enlarged group, with the rest of senior management roles to be decided over the next few weeks.

Lads Coral investors hailed the news, as the company’s shares were up nearly one-third to 178p at time of writing. GVC’s shares are up a more modest 6.6% to 966p. UK takeover rules require GVC to announce by January 4 whether it plans to make a firm offer for Lads Coral.

This is GVC’s latest attempt at a Lads Coral takeover, with the most recent effort having fallen apart in August, reportedly due to concerns over GVC’s exposure to grey- and black-markets, including Turkey. GVC eliminated that obstacle last month via the sale of its Turkish-facing business.

GVC said the addition of Lads Coral’s operations would boost its share of revenue from regulated online markets to nearly 90%, which would eliminate much of the uncertainty surrounding the company’s future in some of these regulatory iffy markets (although GVC’s flagship betting brand Bwin is particularly reliant on its operations in legally sketchy Germany).

A union of this magnitude would necessitate significant staff reductions, or ‘synergies’ as they’re known to the people not headed for the exits with the photos of their loved ones in a banker’s box. Staffers at both companies are likely reducing their Christmas shopping budgets as we speak.

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GVC has a good track record with mega-deals, having successfully turned around the underperforming Bwin.party digital entertainment brands after acquiring the group a couple years ago. But that deal involved only online gambling companies, while Lads Coral has a significant retail presence, an area in which GVC has little experience.

It also remains to be seen what a GVC-Lads Coral union would mean for gambling tech provider Playtech, which has years left on its deal to power Lads Coral’s online and retail gaming ops. Playtech shares are currently down 3% on the day.…

The post GVC Holdings makes £3.9b play for Ladbrokes Coral Group appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.


Source: EEGaming.

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Alejandro Navarro

Betski Secures $345,000 in Pre-Seed Funding for First-ever Tokenized Casino Ownership Platform

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Betski is set to launch its online casino ownership platform in Q1 of 2025, enabling users to earn casino profits through digital tokens. The system will allow anyone to receive a share of casino earnings without managing casino operations, marking a new chapter in the multi-billion-dollar iGaming industry. Supported by a $345,000 pre-seed funding round, the platform aims to democratize access to casino earnings and reshape the multi-billion-dollar gaming industry.

Opening Casino Ownership to Everyone

The platform’s tokenization system reshapes traditional casino business rules through an automatic profit-sharing program. Token holders receive a percentage of every bet placed on the platform.

This system eliminates steep entry costs, such as operational expenses, licensing fees, and administrative management. Users can start earning returns without previous casino experience or large capital investments.

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“A small group have exclusively enjoyed casino industry profits until now. Our platform opens these earnings to everyone through our tokenized profit-sharing system, turning users into online casino owners,” said Alejandro Navarro, founder and CEO of Betski.

Direct Profit-Sharing Through Tokens

Through a verified digital system, the ownership program distributes Gross Gaming Revenue (GGR) among token holders. Investors have recognized this potential, contributing $345,000 in pre-seed funding that combines gaming entertainment with digital asset ownership. The platform maintains strict security protocols and automated distribution systems for reliable profit sharing.

“The platform distributes real money to token holders from every bet placed by players. This creates a steady income stream for online casino owners – something the traditional casino structure has never offered,” said Navarro.

Global Growth of Online Casino Ownership

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The platform has attracted 2400 active Discord members and over 20,000 followers on X (formerly Twitter). These early adopters are expected to participate in test runs of the profit-sharing system once it goes live. Over the next 24 months, the platform will roll out first in Latin America, followed by expansion into European and select Asian markets.

Betski offers casino games, live casino experiences, eSports betting, global lotteries, fantasy sports, and traditional sportsbooks. This variety creates multiple revenue streams for online casino owners. Players can access all gaming options through a single interface, which streamlines the betting experience and maximizes potential returns for token holders.

The team has partnered with major payment processors and marketing agencies to support the platform’s global expansion. These collaborations will facilitate smooth transactions and user acquisition across different regions. The platform meets all regulatory requirements in its target markets, certifying long-term stability for token holders.

New Opportunities for Investment

Following the successful pre-seed round, Betski is now opening its seed funding round to welcome additional participants into its casino ownership platform. This investment opportunity enables individuals and entities to join the platform’s growth journey ahead of its official launch in Q1 2025.

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Bradley Khoury

eCOGRA Approved to Operate in Arizona, Indiana and Panama

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eCOGRA, a leading international authority in Testing, Inspection and Certification services for the iGaming industry, has secured new regulatory approvals across three key jurisdictions: Arizona, Indiana and Panama. With these developments, eCOGRA strengthens its position in the U.S. and Latin American markets, offering excellence in compliance through their Quality, Speed, and Service promise.

This strategic expansion allows eCOGRA to conduct independent compliance audits and certification services in each region, addressing the growing demand for rigorous regulatory oversight in the fast-evolving global iGaming industry.

Securing approval in Arizona, where eCOGRA has now been licensed as an Event Wagering Ancillary Supplier, enables the International Testing Laboratory (ITL) to audit event wagering licensees in line with Arizona’s expanding regulatory landscape. Indiana, which introduced online sports betting in September 2019, has authorised eCOGRA to perform regulatory compliance audits, providing licensed operators with crucial assurance in meeting the state’s high standards.

In Panama, the Board of Gaming Control officially recognised eCOGRA as an Authorised Entity for Compliance Certification, specifically for slot machines and gaming software. This endorsement reinforces eCOGRA’s role as a trusted partner for operators seeking to meet stringent regulatory requirements in Latin America’s emerging iGaming sector.

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“Our recent approvals in Indiana, Arizona, and Panama underline our dedication to continually expand our offering, to support our growing portfolio of clients with their global growth plans. We are committed to ensuring that we bring the same quality, speed and service that marks us out to both our clients and regulators in these dynamic markets,” said Will Shuckburgh, Group CEO of eCOGRA.

Bradley Khoury, Chief Technology Officer at eCOGRA, said: “Securing licensure as an Event Wagering Ancillary Supplier in Arizona and an Authorised Entity in Panama underscores our dedication to supporting responsible and sustainable iGaming operations. We are committed to driving trust and accountability within the industry by providing compliance solutions that uphold the highest standards.”

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BetConstruct

BetConstruct to Showcase Latest Innovations at G2E Las Vegas 2024

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BetConstruct, a global leader in the iGaming industry, is going to showcase its cutting-edge solutions at the highly anticipated Global Gaming Expo (G2E), taking place from October 7-10.

As the premier event for the global gaming industry, G2E serves as a hub for innovation, driving growth by bringing together industry professionals from around the world to foster business opportunities.

Taking place at The Venetian Expo in Las Vegas, this all-in-one event features both an education program from October 7-10 and an expansive expo hall running from October 8-10.

BetConstruct’s stand is 5230, where the team will showcase an exciting range of products, including the newly launched the Last Battle, a novel loyalty system that is the byproduct of BetConstruct’s commitment to innovation. The company will also demonstrate its comprehensive Sportsbook and Casino Suite, along with DECA, its next-level decentralised casino platform, and Umbrella, an AI-powered risk management solution. These offerings are designed to meet the needs of a diverse range of operators, ensuring seamless and engaging experiences for players across the regulated market.

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