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Totalizator Sportowy and ffVC Launch VC Fund for Gaming Start-ups

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Polish state-owned operator Totalizator Sportowy has partnered with American enterprise capital fund ffVC to invest in gaming start-ups.

The ffVC Tech & Gaming fund shall be used to spend money on 10-15 start-ups by the end of 2023, mainly in Poland and other Eastern European countries.

Companies are anticipated to obtain between PLN1m ($271,000) and PLN8m of their first funding, although subsequent investments could also be as excessive as PLN15m.

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Olgierd Cieślik, president of the administration board of Totalizator Sportowy, stated working with promising new companies was a vital step for the way forward for the operator.

“Persevering with the technological transformation of Totalizator Sportowy requires us not solely to cooperate with the worldwide giants of the gaming market, but in addition to be open to the implementation of services and products offered by younger revolutionary corporations, together with Polish startups,” Cieślik stated.

“We hope that [this support] will deliver us all nice advantages and, above all, the opportunity of additional progress.”

John Frankel, founder and associate of ffVC, stated he was excited to increase his fund’s work to Poland.

“We’re glad that we are able to increase our enterprise and begin investing in Poland,” Frankel stated.

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“We’ve got created a robust worldwide group to seek for the very best Polish corporations that, due to the assistance of ffVC and Totalizator Sportowy, have an opportunity to turn out to be leaders of their industries.

“The enterprise capital market in Poland has been creating dynamically for years and we consider that the market is getting into the section of improvement, after which Polish startups will obtain a world scale of operations.”

Frankel will handle the fund alongside three different ffVC companions: US-based Adam Plotkin and Poland-based Mariusz Adamski and Maciej Skarul.

“We wish to help the event of revolutionary and ground-breaking Polish corporations by utilizing ffVC’s relations with strategic companions akin to Totalizator Sportowy and serving to Polish corporations to increase internationally, particularly to the USA,” Adamski stated.

The fund was established underneath the Polish Growth Fund (PFR) and the Nationwide Middle for Analysis and Growth’s Company Enterprise Capital programme.

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“We’re introducing a brand new CVC fund to the Polish market, centered on industries which – as we see in our different packages and initiatives – very successfully take in R&D funding, turning it into merchandise with potential for worldwide commercialisation,” Przemysław Kurczewski, deputy director of the Nationwide Middle for Analysis and Growth, stated.

Maciej Ćwikiewicz, president of PFR Ventures, added that gaming companies supply main curiosity amongst buyers and so such a fund made sense.

“Skilled recreation producers entice huge curiosity on the Warsaw Inventory Alternate, and now simply beginning research and tasks can depend on various capital,” Ćwikiewicz stated.

 

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Bragg

Bragg to Attend the SBC Summit North America, 8-9 May, 2024

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Bragg is going to attend the SBC Summit North America taking place at the Meadowlands exposition center, New Jersey in May.

“See you in the Garden State to discuss how Bragg’s full-service suite of market leading iGaming content and technology solutions can be tailored to suit the demands of the U.S. market. Connect with members of the team to learn ways Bragg can accelerate your business with our technology, content and managed services solutions. Discover more about our award-winning Player Account Management (PAM), which is leading the way across the European market and in multiple regulated markets. Learn how our cutting-edge content aggregation RGS which already integrates a host of casino, sportsbook and lottery operators and is supported by our leading gamification product Fuze,” the Company said.

Participate in an insightful discussion

Join Bragg Group Director of Content Doug Fallon and fellow panelists at SBC Summit North America to discuss how game design can be leveraged to deliver profitable products in the iGaming industry.

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Don’t miss this great panel discussion “Game Design 101: Launching a Profitable Product” taking place on iGaming Stage 3 at 16:00 on Wednesday, May 8.

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DraftKings

Lori Kalani to Join Draftkings as First Chief Responsible Gaming Officer

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DraftKings announced the appointment of Lori Kalani as Chief Responsible Gaming Officer reporting to DraftKings’ chief executive officer, Jason Robins. Kalani becomes DraftKings’ first Chief Responsible Gaming Officer committed to the continued elevation and integration of the company’s player safety and protection activities and initiatives across all facets of its platforms and player communities.

“Responsible gaming is one of our top priorities and it is a core part of our mission to build games that our customers can enjoy responsibly. In this leadership role, Lori will further advance our responsible gaming initiatives and uphold our commitment to setting new industry standards,” Jason Robins, CEO and Co-Founder of DraftKings, said.

Leveraging a systems-based approach, DraftKings’ responsible gaming initiatives utilize, among other things, technology, employee training, evidence-based research, collaboration with third parties and advocacy groups, and comprehensive player education to promote responsible play across all platforms and all player communities, and to provide players with tools to help them manage their play responsibly.

“I have long admired DraftKings’ impact as an entertainment and engagement platform that brings a community of gaming enthusiasts together. Joining DraftKings represents an exciting opportunity for me to bolster the efforts of the company and look for opportunities to reinforce our responsible gaming initiatives. I am eager to partner with colleagues, regulators, industry leaders, and community advocates to further demonstrate DraftKings’ commitment to responsible gaming and promote a healthy gaming environment for all customers,” said Lori Kalani.

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Kalani’s extensive experience in consumer protection law and proven accomplishments in developing working relationships with regulators, attorneys general and other key stakeholders will enable her to effectively work alongside DraftKings’ Compliance team to further cultivate DraftKings’ dedication to best-in-class consumer safety and protection practices.

Kalani previously was a partner at the Cozen O’Connor law firm and Co-Chaired the State Attorneys General practice. Her extensive background spans diverse industries including gaming, social media, telecommunications, hospitality and healthcare. Kalani’s nuanced understanding of regulatory environments and her expertise in representing clients in industry-shaping challenges that intersected law, politics, and policy make her the ideal leader to advance DraftKings’ responsible gaming initiatives.

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Industry News

Kindred’s Share of Revenue from High-risk Players Shows Slight Increase

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Kindred Group plc’s (Kindred) share of revenue from high-risk players showed a slight increase to 3.2% (Q4 2023 3.1%) in the first quarter of 2024. Compared to the first quarter of 2023, the high-risk revenue share decreased marginally. The percentage of detected customers who exhibited improved behaviour after interventions came in at 87.1% (compared to 87.4% in Q4 2023 and 83.0% in Q1 2023). This sustained trajectory in the improvement effect after interventions, observed over an extended period, serves as a testament to the strong dedication and collective efforts throughout the company. It reflects Kindred’s ongoing commitment to fostering positive change within the industry.

“We continue to see our share of revenue from high-risk players fluctuate quarter to quarter, and we are working closely with all teams across the company to support customers towards a more sustainable gambling experience. However, it is encouraging to see that our Journey towards Zero data has steadily decreased since 2020. A similar trend can be seen across the healthier gambling behaviour effect after interventions. This tells us two things: our work is paying off, but we need to continue to push ourselves to propel a sustainable progression,” Alexander Westrell, Director of Communications at Kindred Group, said.

“It was very encouraging to witness the open and transparent discussions at the Sustainable Gambling Conference in London on 20 March, where those with lived experience shared their important stories. Also, it is evident that technology is moving forward, and will provide greater opportunities to detect and intervene in the future. We hope to see more regulators engage with the industry and with experts to secure a more sustainable industry for everyone,” Alexander Westrell added.

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The post Kindred’s Share of Revenue from High-risk Players Shows Slight Increase appeared first on European Gaming Industry News.

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