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Nueva Codere forms its Board of Directors

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·         The Board of Directors of the company is composed of eight members.

·         Christopher Bell is confirmed as non-executive Chair in this new chapter for the group.

 The Board of Directors of Nueva Codere has been formed following the holding of the Shareholders’ Extraordinary General Meeting on Monday.

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The highest governing body of the group is made up of eight members. Christopher Bell assumes the position of non-executive Chair, as an independent director and as indicated in a previous press release.

The remaining “Class A” directors 1 at this time are:

·         Aidan de Brunner, as an independent director. With over two decades of board, investment and advisory experience, Aidan de Brunner currently sits on the Board of several companies, including The Trafford Group (UK) Ltd. Amongst other positions of responsibility he has been a partner at Arrowgrass Capital Partners and Executive Director at Morgan Stanley.

·         Antonio Moya-Angeler, as Qualifying Shareholder Director. Moya-Angeler worked for more than 15 years at Advent International in Mexico, Colombia, Brazil and France, where he became Managing Director and Member of the Investment Committee for Latin American. Currently, he is a member of the advisory board for several companies.

·         Vicente Di Loreto, as Corporate Director and maintaining the position he has held since January 2018 as CEO of Grupo Codere.

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The four further directors, known as “Class B” 2, are:

·         Laurence Biver

·         Isabelle Lambert

·         Mathieu Kakal

·         Sandra Egan

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The directors of each class (A or B), will have the roles assigned to them in the Shareholders Agreement signed on November 19, 2021.

The new Board of Directors will work together with the company’s management team as the group enters this new chapter in its development; bringing the business back to pre-pandemic levels of activity, defining the 2022-2026 Business Plan and putting the group back on a path to growth. In particular, the group continues to see significant opportunities in Spain, Mexico and online, as well as the ongoing development of its technological platform and omnichannel strategy.

With these appointments and the abovementioned plans, Nueva Codere takes a big step towards normalization and beyond following the pandemic and financial restructuring. Chris Bell has commented: “I believe that Nueva Codere has a promising future. The capacity and experience of the management team, together with the talent of the directors who accompany me, make me very optimistic about the new phase that the company is starting”.

 Class A” are defined as those directors who have been appointed based on their independence, their employment relationship with the group or their relationship with any of the shareholders.

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The other directors are designated as “Class B”, one of whom will perform the duties of Secretary of the Board.

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ComeOn Group adds sportsbook to its offering in Ontario

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ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.

ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.

ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.

Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”

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*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)

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Xanada Investments Announces FTDX as the Winner of the Xanada Startup Contest

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Xanada Investments has announced FTDX as the winner of its prestigious Xanada Startup Contest, an initiative designed to identify standout startups capable of delivering substantial value to the iGaming industry. This contest attracted nearly 250 applications from diverse regions and business verticals, making it a highly competitive process. FTDX distinguished itself with a powerful solution that enables iGaming operators to convert previously unmonetized visitor traffic from regions outside their operational scope into significant new revenue streams.

FTDX’s platform allows operators to redirect traffic from untapped regions effortlessly, unlocking immediate financial value from these visitors. By integrating FTDX’s dual reward system, which optimizes both click-through rates and deal values, operators can enhance overall performance. Already live, FTDX is achieving up to 3% conversion rate from these redirected visitors to First-Time Deposits (FTDs).

Vladimir Malakchi, CEO & Managing Partner of Xanada Investments, shared his thoughts on the victory:
“FTDX stood out not only for its innovative solution but also for the rigorous preparation and commitment they demonstrated throughout the contest. Their detailed approach and well-strategized entry showed a clear vision and a deep understanding of the market, making them an ideal winner of the Xanada Startup Contest.”

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Björn Nilsson, Founder of FTDX, expressed his excitement about the win:
“We’re thrilled to be recognized by Xanada Investments. This win represents an exceptional opportunity for us to scale our solution globally and enhance our impact across the industry. Xanada’s promise to support us as a forward-thinking start-up is highly appealing, and we’re excited about the business growth this partnership enables.”

 

About Xanada Investments
Xanada Investments is an ideological investment fund led by industry visionaries, targeting PreSeed, Seed, and Series A funding of promising projects and their leaders who resonate with their ethos. The fund’s goal is to build an excellent xanadu-like business ecosystem, which will ideologically and strategically bond leaders into one community for the global idea of mutual prosperity.

About FTDX
FTDX empowers iGaming operators to maximize the value of every visit, across all borders, by converting visits from regions outside their business scope into a newfound source of revenue

The post Xanada Investments Announces FTDX as the Winner of the Xanada Startup Contest appeared first on European Gaming Industry News.

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LazyBar: The New White Label Casino Brand launched on the Extendy Platform

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Say hello to LazyBar, Allset Partners’ brand-new online casino brand. Launched only 2 months ago and already available in five major gaming locations in Europe, namely Spain, Germany, Austria, Belgium and Poland, LazyBar is already off to a flying start. 

“Our sights are set high and we have ambitious plans for the future. Our goal now, however, is to see LazyBar get to €1,000,000 in GGR by the end of 2024. We also plan to keep growing our list of European GEOs.” — Allset Partners

A peek at LazyBar: 9500+ popular games from over 70 game providers

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Traffic to LazyBar comes mainly through media buying teams using Facebook, SEO, email campaigns and PPC. 

The Allset Partners team have extensive experience in attracting iGaming traffic which is why creating their own brand seemed like the obvious and logical next step. As a white label online casino solution provider having launched several popular online casinos, Extendy was their primary choice. Launching an online casino brand includes managing all the extensive, major operational processes such as licensing, integrating game providers and payment solutions, as well as integrating all the necessary online casino infrastructures such as a CRM system, player support and VIP player support programs.

When it came to scaling LazyBar, the first step was to attract organic traffic and build a pool of players able to generate profit. Extendy’s CBDO, Ayvar Gabidullin explains that casinos created on the Extendy platform usually experience payouts within 5-6 months.

“When we launched our partner, Allset Partners, we initially determined a list of five countries to which all the traffic would go. However, seeing just how keen and active Allset were, we saw it best to roll out further GEOs. It was then that they really began to perform. The team is already showing results in Spain, Belgium, Switzerland, Germany and Poland.

Overall, launching LazyBar in such a short time is a huge achievement for both teams. I am confident that at this rate, Allset Partners will not only achieve their goals by the end of the year, but will surpass them by a significant margin.” 

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  • Ayvar Gabidullin, CBDO Extendy 

 

The post LazyBar: The New White Label Casino Brand launched on the Extendy Platform appeared first on European Gaming Industry News.

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