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Xanada Investments Makes Strategic Investment in Promofy

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Xanada Investments, an ideological investment fund, has announced a strategic first round investment in Promofy, a cutting-edge no-code platform revolutionizing gamification tools for the iGaming industry.

Promofy distinguishes itself with AI-driven gamification solutions tailored for casinos, sportsbooks, sports media, streaming services, and sports clubs to enhance user retention, foster loyalty, and attract new audiences through customizable gamification features.

Promofy has already gained significant traction, particularly during UEFA Euro 2024 in CIS with its “Free-to-Play” Suite integrated into sportsbooks that effectively engaged bettors as well as attracted players from other verticals.

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Xanada Investments sees significant potential in Promofy’s gamification solutions, both for casinos and sportsbooks. This strategic investment aims to support Promofy’s expansion efforts into European markets following its successful debut in CIS Region, starting with the Georgian market.

With Xanada Investments’ backing, solid B2B expertise and wide network, Promofy is poised to redefine gamification strategies for casinos and sportsbooks globally, offering tailored solutions that drive customer loyalty and acquisition.

Vladimir Malakchi, CEO & Managing Partner of Xanada Investments, shared his views on the investment: “Investing in Promofy is not just a wise choice; it’s a strategic move to support a game-changer in the iGaming sector. We see AI-driven gamification as a major force in evolving player analytics and engagement, particularly in sportsbooks, where Promofy’s offerings provide a genuine business advantage in today’s market.

We’re confident that our experience in business scaling, as well as our global partnership network, will advance Promofy and help them establish themselves as a trusted partner in the industry’s gamification.”

Irakli Darashvilli, CEO of Promofy, responded to the new investment: “Promofy is leveling up, and with the power-up from Xanada Investments, we’re set for a game-changing growth in the near future. This investment is our ultimate combo move, fueling our AI-enhanced technology and boosting our market reach with innovative gamification strategies.

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We’re already making waves in the Georgian market with our F2P Suite for UEFA Euro 2024 campaigns, and with Xanada’s expertise, we’re ready to take our game to the next level, scaling our product across global markets.”

 

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.

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About Promofy

Promofy stands at the forefront of technological innovation in the iGaming and sports betting sectors. They specialize in offering an AI-Driven Gamification Suite, a no-code design solution that significantly enhances user retention and revenue generation for businesses.Their platform is enabling casino, sportsbooks and sport media brands to seamlessly integrate innovative world-class gamification features into their product offering.

The post Xanada Investments Makes Strategic Investment in Promofy appeared first on European Gaming Industry News.

Erik Londré CEO of Karta

NASCAR unveils first step into the Fortnite ecosystem with custom Rocket Racing tracks inspired by its iconic events and venues

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Today, NASCAR, America’s most popular motorsport, has officially entered the Fortnite ecosystem – announcing its debut with a one-of-a-kind, high-octane racing experience built in Rocket Racing.

Developed in partnership with award-winning UK metaverse studio, Karta, the experience launches with a Chicago Street Course map, styled on the real NASCAR Chicago Street Race taking place this Sunday 7th July, merging the thrill of NASCAR racing with the dynamic creativity of the Fortnite ecosystem.

With the first Chicago Street Map, players navigate multiple routes, master the art of speed, drift and avoid obstacles in intense multiplayer races or solo time trials.

Debuting ahead of the real-life Chicago Street Race, NASCAR’s official launch on Fortnite brings its second annual event in the center of one of the world’s greatest cities, into the Fortnite world. The map gives NASCAR fans, and players of all levels who may have never interacted with the sport, the chance to get closer to the real event than ever before – setting it apart from typical Rocket Racing maps.

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With this fun experience aimed at gamers of all levels, NASCAR’s move into the Fortnite ecosystem isn’t just a one-time event while the Chicago race takes place. NASCAR is setting its sights on a permanent fixture on the platform, with the Chicago map marking the start of a long-term racing experience for players to continuously visit. Looking ahead at the NASCAR calendar, fans of America’s No. 1 form of motorsports and the Fortnite community can get excited, as NASCAR eyes wider plans to add more virtual recreations on the platform.

“NASCAR has always been about pushing boundaries and connecting with fans in exciting ways,” said Nick Rend, Managing Director of Esports & Gaming at NASCAR. “Fortnite provides the perfect platform to engage a global audience, blending the intensity of NASCAR racing with the immersive world of Fortnite. Karta, with their incredible creativity, attention to detail and innovative approach, were the perfect partners to help us bring this vision to life. We wanted to build something with longevity for both diehard NASCAR enthusiasts and the wider Fortnite community and we think we have succeeded with just that.”

Erik Londré, CEO of Karta, added, “Working with an icon of motorsports like NASCAR  has been a dream come true. Our goal was to capture the essence of NASCAR racing – the speed, the strategy, the adrenaline – and inject it with a dose of Fortnite fun. The result is something truly special – a high-octane, visually stunning racing experience that we know players will love.”

Karta is an award-winning metaverse studio renowned for creating engaging virtual gaming experiences for global brands. Karta has established itself as a leader in creating accessible and impactful brand experiences within the metaverse across gaming, music and esports.

Since its inception in July 2021, Karta has collaborated with a diverse range of global brands, including Nicki Minaj, BLACKPINK, TWICE, Amazon Music, McDonald’s, Spotify, and Hugo Boss, solidifying its position as a trailblazer in the ever-evolving landscape of metaverse entertainment.

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Industry Leaders Voice Strong Backing for SBC Summit Americas in Fort Lauderdale

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The announcement of the SBC Summit Americas has garnered widespread support from industry leaders. The reimagined event aims to increase connectivity across North, Central, and South America, forming a single, cohesive platform for the gaming industry throughout the region.

Set to take place in Fort Lauderdale on May 13-15, 2025, the summit is poised to offer broader networking opportunities and drive forward collaboration within the industry.

Peruvian operator Apuesta Total shared their excitement about the location. “I always enjoy a change of scenery, and Fort Lauderdale is a fantastic choice. Many people like to turn conferences into extended weekends, so I’m certain attendees will appreciate the city’s beautiful beaches and vibrant atmosphere,” said company CEO Gonzalo Perez.

Relationship marketing hub Optimove’s VP of Revenue, Motti Colman, shared his thoughts on the potential of the new-look event. “With 8,000 attendees expected, this event is off to an excellent start. I am also keen on exploring new market insights through market-by-market conference sessions, so I am confident this is a great platform for expanded opportunities.”

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Better Collective, a leading affiliate powerhouse and a frequent presence at SBC events, not only attending but also contributing as exhibitors, sponsors, and speakers, expressed their confidence in SBC’s potential with this revamped event.

“At Better Collective, we look very much forward to the SBC Summit America 2025 in Fort Lauderdale. With years of proven expertise in event organization, SBC enables unparalleled networking opportunities under one roof, reinforcing our connections and partnerships within the industry,” said Marc Frank Pedersen, company CEO for North America.

He added: “Having worked with SBC for many years, we trust in SBC’s commitment to deliver events that not only meet but exceed our expectations.”

Joseph Martin, CEO of Kinectify, a company specializing in anti-money laundering and compliance software, who has previously exhibited at SBC Summit North America, backed the decision, expressing confidence in SBC’s industry-centric ethos.

“SBC always puts on great events. They have deep connections within our industry and prioritize the right elements to optimize our experience. I’m excited about this new show covering both North and South America. Gaming companies operating in multiple markets across the two continents now have a single event focused on the entire Americas region. I look forward to another outstanding SBC event experience in Fort Lauderdale.”

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FanDuel CEO, Amy Howe, commented on the growth that SBC Summit North America had previously achieved under SBC’s leadership. “The SBC North American Summit has become a mark the calendar industry event each spring. The conference seems to grow each year and brings together an impressive array regulators, legislators, operators and technologists that help power the industry’s growth.”

The CEO also confirmed that the “company is delighted to participate in the conference each year and looks forward to 2025 in Florida.”

Marina Bogard, Managing Director for North America at Betsson, also emphasized that the event caters to companies with diverse geographic interests. “SBC’s decision to launch SBC Summit Americas and host the event in Fort Lauderdale, Florida, provides a convenient opportunity for businesses with diverse market strategies to connect with both North American and Latin American leads under one roof.”

Bogard underscored the significance of this unified approach, which allows Betsson to efficiently engage with partners across diverse regions. “As you know, Betsson is a global company, and both regions remain highly significant for our expansion strategies. It is great to be able to align our efforts and meet all our partners across the Americas without having to attend multiple conferences,” she said.

Colman remarked: “SBC clearly has foresight in creating SBC Summit Americas for 2025.” Just like Bogard, he also recognized the event’s appeal to companies serving multiple geos. “At Optimove, we have experienced incredible growth in North and South America that parallels the incredible growth of SBC in each region. This new, reimagined show underscores that iGaming has come of age in the Americas. Plus, it will greatly benefit iGaming operators and service providers with diverse market interests.”

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Perez echoed this sentiment. “We can all agree that the industry juggles numerous commitments, especially concerning conference participation. While attending expos around the world is rewarding, it also presents logistical and financial hurdles for companies. Therefore, I really embrace the idea of combining the strengths of the SBC Summit North America and Latinoamérica events to create a larger, more networking-rich experience,” he said.

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ACR Poker

ACR POKER GETTING PLAYERS WARMED UP FOR DUAL VENOM TOURNEYS WITH $1 MILLION GUARANTEED VENOM WARMUP

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The $8 Million Mystery Bounty Venom and $2 Million PLO Venom are coming to ACR Poker in August. Now, the popular online poker site is getting players warmed up in a big way with the $1 Million guaranteed Venom Warmup starting Sunday, July 7th.

The Venom Warmup tournament has a $1 Million guaranteed prize pool and a buy-in of just $55. There are even paths for players to qualify for free, making it even more of a bargain.

“We’ve never run a tournament before that had this large a guarantee for such a small buy-in,” stated ACR Pro Chris Moneymaker. “We hope everyone takes advantage as it’s the perfect lead-in to our dual Venom tourneys running in August.”

The $1 Million Venom Warmup has 192 total Day 1 flights from July 7th to 28th, providing almost unlimited options. Day 2 will take place on Sunday, July 28th at 4:05pm ET and the Final Table on Monday, July 29th at 2:05pm ET.

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Moneymaker went on to add that one of the interesting things about this tourney is players can compete in multiple Day 1’s and combine their chip stack.

Alongside the Venom Warmup, ACR Poker is running its Venom Fever satellites, designed to provide players with hundreds of affordable opportunities to secure their $2,650 seats to the $8 Million Mystery Bounty and $2 Million PLO Venom tourneys coming in August. Highlights include 900 guaranteed seats for the Venom Mystery Bounty and 100 guaranteed seats for the Venom PLO via satellites

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