Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)
xanada-investments-launches-igaming-startup-contest-to-drive-industry-innovation xanada-investments-launches-igaming-startup-contest-to-drive-industry-innovation

Latest News

Xanada Investments Launches iGaming Startup Contest to Drive Industry Innovation

Published

on

Reading Time: 2 minutes

 

Xanada investments has launched its first investment initiative – Xanada Startup Contest, a visionary initiative set to redefine the landscape of iGaming through innovation and strategic investment. This competition offers a substantial investment prize of up to $2 million, expert strategic consulting, and unparalleled global media exposure.

Who can join

The Xanada Startup Contest invites forward-thinking startups at the Pre-Seed, Seed, and Series A stages of development to showcase their disruptive ideas. Ideal candidates will demonstrate a unique business model, a resilient team, and a strategic roadmap for scaling in the dynamic iGaming market.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Key Benefits for Winners

  • Investment capital: A transformative funding boost to propel growth and operational scalability.
  • Strategic Consulting: Access to seasoned industry leaders with a proven track record of scaling successful iGaming ventures.
  • Global Media Coverage: Extensive exposure through major media campaigns to amplify industry visibility and establish market authority.

Application Process and Timeline

Applications are open from July 15 to September 26, 2024. Each submission will be reviewed for its innovative potential and strategic fit. Selected applicants will be contacted for further discussions.

Beyond the Contest

Participating in the Xanada Startup Contest not only offers startups a chance to secure the grand prize of up to $2M but also opens doors to potential partnerships and ongoing support from Xanada Investments. Xanada Investments values innovation and aims to build lasting relationships with all contest participants.

Comment from Vladimir Malakchi, CEO & Managing Partner at Xanada Investments: “By launching this competition, we aim to provide an empowering platform for innovative startups to assert themselves, while enhancing their motivation and competitive edge. Beyond offering financial investment, we aspire to deliver a comprehensive business launchpad.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Our ambition is to fully immerse ourselves in the winner’s project, leveraging our extensive resources—including business expertise, market insight, robust B2B and B2S marketing acumen, and media elevation strategies—to maximize its potential and success within the industry.”

For detailed eligibility criteria, application guidelines, and to submit your innovative idea, please visit the Xanada Investments Contest Page.

The post Xanada Investments Launches iGaming Startup Contest to Drive Industry Innovation appeared first on European Gaming Industry News.

Arizona Department of Gaming (ADG)

Arizona’s Tribal Gaming Contributions Reach $42.5 Million in Q2 FY2025

Published

on

arizona’s-tribal-gaming-contributions-reach-$42.5-million-in-q2-fy2025

The Arizona Department of Gaming (ADG) has announced an impressive $42,508,200 in tribal gaming contributions to the Arizona Benefits Fund for the second quarter of Fiscal Year 2025. This milestone reflects the continued growth and success of the state’s tribal gaming industry, achieved through strong collaboration between the state government and tribal communities.

A Record-Breaking Year for Tribal Gaming

“This achievement is a testament to the strength of the partnership between Arizona and its tribal communities,” said Jackie Johnson, Director of ADG. “Consecutive record quarters in FY2025 highlight our shared commitment to fostering a thriving gaming industry. Since FY2004, total tribal contributions have exceeded $2.3 billion, significantly benefiting the state and its residents.”

Supporting Arizona’s Communities

The Arizona Benefits Fund receives 88% of tribal gaming contributions, channeling these funds into key areas that directly impact the state’s residents and natural resources. The Q2 FY2025 contributions will be allocated as follows:

  • Instructional Improvement in Schools: $21,186,087
  • Trauma and Emergency Services: $10,593,043
  • Wildlife Conservation: $3,026,584
  • Tourism Promotion: $3,026,584
  • Problem Gambling Education, Treatment, and Prevention: $850,164
  • ADG Operating Costs: $3,825,738

These contributions reflect the state’s commitment to using tribal gaming revenue for meaningful community support, from enhancing education and emergency services to preserving wildlife and promoting tourism.

A Growing Gaming Landscape

Arizona currently hosts 26 Class III casinos, regulated under the Arizona Tribal-State Gaming Compact. These casinos contribute a percentage of their gross gaming revenue to the Arizona Benefits Fund as well as to cities, towns, and counties. This model of tribal-state collaboration has proven instrumental in bolstering local economies and funding critical programs.

About the Arizona Department of Gaming

Founded in 1995, ADG is Arizona’s regulatory authority overseeing tribal gaming, racing, event wagering, and more. Beyond regulation, ADG is deeply committed to problem gambling education, offering support and resources to affected individuals and families through its Division of Problem Gambling and 24-hour helpline, 1-800-NEXT-STEP.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Looking Ahead

As tribal gaming contributions continue to break records, the partnership between Arizona’s government and tribal communities stands as a model for sustainable growth and mutual benefit. These contributions not only fuel essential state programs but also underscore the lasting value of collaboration in driving economic and social progress.

For a detailed breakdown of contributions by year and further information, visit the Arizona Department of Gaming’s official website.

Continue Reading

Latest News

Soft2Bet has been nominated in 6 categories at the EGR Europe Awards 2025

Published

on

soft2bet-has-been-nominated-in-6-categories-at-the-egr-europe-awards-2025
Reading Time: < 1 minute

Soft2Bet, a leading provider of iGaming turnkey solutions, is proud to have been shortlisted in six categories, including the prominent ‘European Software Provider’ and ‘European ESG Initiative of the Year.’

In addition to these accolades, three Soft2Bet brands, which operate across B2B and B2C verticals under 13 licenses, also secured nominations in several categories:

  • Betinia: Nominated as The Nordics and Baltics – Rising Star for its innovative online sportsbook and casino offerings, featuring competitive odds and an extensive range of betting markets designed to captivate its growing audience.
  • CampoBet: Contending for the prestigious Nordics and Baltics – Operator of the Year award, reflecting its comprehensive platform and dedication to serving the needs of betting enthusiasts in Denmark and beyond.
  • se: Receiving dual nominations for The Nordics and Baltics – Rising Star and Nordics and Baltics – Operator of the Year for its focus on mobile-first design, smooth user experience, and diverse selection of live casino and sports betting options.

Oksana Tsyhankova, Soft2Bet’s CMO, commented: “Our brands’ strong performance throughout the year has been highlighted by key industry awards, reaffirming our success in localisation and delivering exceptional results in every market we serve.”

The EGR Europe Awards are among the most prestigious in the industry. They celebrate innovation, operational excellence, and exceptional contributions. This year’s nominations reaffirm Soft2Bet’s reputation as a leader in performance and innovation while emphasizing its commitment to sustainability and responsible gaming.

 

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

About Soft2Bet

Soft2Bet is a leading iGaming turnkey solutions provider that delivers high-quality products and services for online gambling operators. The company is known for its Motivational Engineering Gaming Application (MEGA), which has been proven to enhance retention and engagement. Soft2Bet has deployed numerous successful iGaming brands and has over 14 global licences.

The post Soft2Bet has been nominated in 6 categories at the EGR Europe Awards 2025 appeared first on European Gaming Industry News.

Continue Reading

Latest News

DEVILFISH SOCIAL POKER ANNOUNCES EVENBET GAMING PARTNERSHIP

Published

on

devilfish-social-poker-announces-evenbet-gaming-partnership
Reading Time: 2 minutes

DevilFish Poker, the pioneering creator of the free-to-play social community poker game, proudly announces its strategic partnership with EvenBet Gaming to develop cutting-edge social poker software.

The DevilFish Social Poker brand has witnessed remarkable growth over the past two quarters of 2024, fuelled by the resurgence of social-based Web3 poker on a global scale. Current industry statistics indicate that the social free-to-play market is valued at $8 billion and is projected to expand by over 8% annually. The alliance with EvenBet Gaming, a leader in poker software innovation, positions the DevilFish brand to accelerate their reach across multiple international markets.

JJ Williams, Co-Founder of W3 Marketing Ltd and Devilfish Poker, confidently stated, “The growth of social poker and free-to-play models has been undeniable in recent years. We are witnessing a revitalization of interest in poker from a diverse range of digital natives eager to engage in community gameplay and the latest Web3 innovations—such as avatars, skins, traits, NFTs (non-fungible tokens), and digital ownership.

Our brand is uniquely positioned, enriched by its legacy in the online poker scene and its association with the late David A. ‘Devilfish’ Ulliott, a member of the WSOP Poker Hall of Fame. Our highly engaged community represents the next generation of social poker players and followers across social media and community platforms like Discord, X and Mastodon.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Selecting EvenBet Gaming as a strategic partner was a critical and confident choice; they possess a deep understanding of the synergy between traditional poker, social poker, and Web3/Crypto features, allowing us to deliver unique, innovative digital products for our poker brand throughout 2025.”

Dmitry Starostenkov, CEO of EvenBet Gaming, expressed, “DevilFish embodies a powerful brand narrative within traditional online poker, and we are inspired by how the team is reimagining this digital-first/Web3 product experience.

From the ground up, JJ and his team have successfully built an engaged community and revitalized the gaming franchise for today’s digital players—those who have evolved with social media, crypto, gamification, and digital asset ownership. Our vision, like DevilFish is global, and my mission is to expand our poker software innovation and platform, and support JJ and his team execute their global plans, for category dominance.”

The post DEVILFISH SOCIAL POKER ANNOUNCES EVENBET GAMING PARTNERSHIP appeared first on European Gaming Industry News.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Trending