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Kambi Group founder offloads large portion of his shareholding
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The value of individual shares in Maltese online wagering technologies innovator Kambi Group dropped by almost 4.16% earlier today to approximately $54.93 following news that the firm’s founder had offloaded a significant slice of his shareholding. The Valletta-headquartered firm used an official Thursday press release to declare that the move from Anders Strom (pictured) saw 2.2% of its shareholding offloaded ‘to Swedish and international institutional investors’ courtesy of ‘an accelerated book-building process’. The Nasdaq Stockholm-listed company moreover revealed that these 675,000 stocks had come with an individual price tag of about $55.56 to earn the iGaming pioneer gross proceeds of slightly over $37.53 million. Enduring effect: Kambi Group explained that 50-year-old Strom, who announced late last year that he would not be seeking re-election as its non-executive chairman, had conducted the sale through his Veralda Investment Limited vehicle and now holds roughly 17.5% of its shares. It also proclaimed that this residual shareholding is to become the subject of ‘a customary lock-up’ that is to last for 90 days from the settlement date. Read a statement from Strom… “I am very pleased to see the overwhelming interest from both current and new shareholders wanting to invest in the growth of Kambi Group. The company has developed into a leading premium sportsbetting technology company with significant opportunities in new and existing markets. By divesting a small part of my shares in Kambi Group, I have affected an elemental reallocation within my overall portfolio of investments. I remain committed as a long-term major shareholder and intend to continue to support Kambi Group through my representation on its board of directors.” Established exponent: Strom established Unibet from his London home in 1997 and subsequently led the firm, which rebranded as Kambi Group in 2016, as it became one of the planet’s largest business-to-business sportsbetting service providers and consumer-facing iGaming operators. Despite the impact of the coronavirus pandemic, the company recently saw its aggregated revenues for 2020 rise by 28% year-on-year to $142.63 million as its annual profit surged by 131.7% to $29.21 million. Football failing: Despite all of this success and Legal Sports Report nevertheless reported that Kambi Group felt the wrath of several partner operators last Sunday after its turnkey sportsbetting platform was forced to suspend pre-game betting on Super Bowl LV for a full 30 minutes. The source disclosed that this outage was caused by a failure in geolocation compliance technology supplied by an outside vendor and had impacted the American-facing online sportsbook from Penn National Gaming Incorporated, Rush Street Gaming and DraftKings Incorporated. Speedy solution: Kristian Nylen serves as Chief Executive Officer for Kambi Group and he reportedly pronounced that his firm was nevertheless able to permanently fix the offending problem ‘seven to eight minutes’ before the beginning of the gridiron contest from Florida and then went on to process the highest volumes in its history. Reportedly read a statement from Nylen… “The issue experienced prior to kick-off was related to one particular bet offer for which we increased the number of possible outcomes especially for the Super Bowl. This bet offer was the third most popular offer on the day and, due to the extended number of outcomes, required extra technical capacities as part of our bet validation process. Unfortunately, this additional capacity caused a backlog and slowed, and eventually stopped, the bet validation process for all bets.”
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Tech issues due to demand see leading sports gambling sites crash during Super Bowl LV
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Prior to Sunday’s big game, the American Gaming Association (AGA) announced that according to new research, 23.2 million Americans planned to bet a staggering $4.3 billion on Super Bowl LV. And that a record 7.6 million of those Super Bowl bettors will place wagers with online sportsbooks in 2021, up 63 percent year-over-year. President and Chief Executive Officer for the AGA, Bill Miller said… “This year’s Super Bowl is expected to generate the largest single-event legal handle in American sports betting history. With a robust legal market, Americans are abandoning illegal bookies and taking their action into the regulated marketplace in record numbers.” Crash and burn: With that being said, no one could’ve predicted that the demand to bet on the game between the Tampa Bay Buccaneers and the defending champion Kansas City Chiefs, would see major sports gambling sites crash during the biggest game of the year but that’s exactly what happened. And instead of attracting new customers onto their platforms, technical issues and outages left some of the industry’s biggest sports betting firms including BetMGM, FanDuel, DraftKings, and Barstool Sports, scrambling to find solutions. According to CNBC, ten minutes prior to kickoff, MGM Resorts International‘s sportsbook platform, BetMGM, could not accept bets. Complaints by angry patrons flooded social media as technicians hurriedly worked to resolve the problem. However, at the end of the game, the issue had yet to be resolved, leaving bets unsettled by MGM. Customer ire: And while FanDuel ads reportedly encouraged customers to take advantage of “free play” offers leading up to the big game, the Flutter Entertainment-owned sports betting company also experienced outages, which, according to the operator were intermittent and due to demand exceeding expectations. However, according to FanDuel, at no time during the 3-plus hour game did its platform cease to operate. Apparently, the majority of the glitches were seen in Michigan, where online betting went live on Jan. 22, 2021, making it the tenth state where FanDuel offers mobile sports betting. Gamblers did not take kindly to the shut-down, with one clearly frustrated patron’s Twitter rant, “how is it that i’m seeing fanduel commercials on my television almost rubbing it in that i can’t even place a bet on your app that crashes any time there’s a reasonably large sporting event.” FanDuel’s explanation regarding the outages reportedly came as a surprise to both industry insiders and other gambling platform operators. CNBC reports that it was told by a leading executive… “We all expected this to be a record-breaking event for online and mobile gambling. We had tech meeting after tech meeting leading up to Sunday to make sure things ran smoothly.” Other outages: Similar issues were experienced by Penn National Gaming’s Barstool Sports and DraftKings, and while the former blamed third-party tech issues for its app going down and stopped short of directly calling out one of its partners, Kambi, the Massachusetts-based sports betting company apparently did just that. “It appears this outage was caused by a surge in traffic that caused problems for our backend provider. Our DFS (Daily Fantasy Sports) and pools products, supported by in-house technology, are functioning without issue. This incident is why we believe owning our own technology is important, said DraftKings in a statement. Soon after completing its reverse merger with special-purpose acquisition company Diamond Eagle Acquisition Corp. last April, DraftKings announced that it would be terminating its partnership with the global sports gambling provider no earlier than September 2021. The announcement came about a year after the two firms signed a contract extension; the same one that Chief Executive Officer for DraftKings, Jason Robbins, said, “Kambi has been a key partner for DraftKings.” Bet volumes: Kambi reportedly told CNBC that it processed three times the bet volumes as it did for last year’s Superbowl, making this year’s the highest in its history. It [Kambi] added that overall load wasn’t the problem, rather “one specific player-related bet offer and its increased range of outcomes offered,” resulting in a backlog validating other wagers and subsequent, problematic performance. Players who were assumed to have been affected by the outages were reportedly issued $20 credits by DraftKings, while its rival Fanduel said that in spite of the issues, it paid out $27 million to customers, with $17 million of that going to new players. Smooth sailing: While some sports betting platforms were overwhelmed by surging demand, others including PointsBet and William Hill reportedly said their operations during the Super Bowl were not affected by technical issues. Chief Executive Officer for PointsBet, Johnny Aitken said, “It helps being in sole control of your technology,” while Union Gaming analyst John DeCree offered… “The stress on the platforms is an indication of how big the potential is for sports gambling. I don’t think one incident on the biggest night of the year is going to dissuade these players permanently.” Ratings fail: Broadcast on CBS, Sunday’s game reportedly produced the worst viewer ratings since Super Bowl XLI in 2007, when the Indianapolis Colts defeated the Chicago Bears. Citing a Tuesday announcement by ViacomCBS, CNBC reports that this year’s big game failed to top 100 million viewers, instead attracting 96.4 million viewers for the television broadcasting company. Since last year’s Super Bowl, which had a decidedly different outcome for the Mahomes-led Chiefs, 36 million more American adults are now able to bet in legal markets from their home state, with seven new jurisdictions including Colorado, Illinois, Michigan, Montana, Tennessee, Virginia, and Washington, DC, having joined the fray, according to the AGA.
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Plethora of unique Super Bowl LV proposition wagers highlighted
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Millions of gridiron football fans around the world will undoubtedly be tuning in tomorrow night to watch all of the action as the Tampa Bay Buccaneers go up against the Kansas City Chiefs in Super Bowl LV. Although most online sportsbooks are offering a plethora of markets on almost every aspect of this National Football League (NFL) championship contest, some others are reportedly opting for more unique routes with proposition wagers on markets as wacky as the length of the pre-game national anthem alongside an over/under on how many television advertisements broadcast during the match will feature a dog. Sweatband suggestion: These were just two of the 17 more unique proposition bets highlighted by the news domain at Insider.com on Wednesday as American football fans prepare to watch the ‘Chiefs’ and the ‘Bucs’ battle it out at the latter’s Raymond James Stadium. Other less traditional wagers purportedly involve whether anthem singer Eric Church will be wearing a leather jacket, the color of the headband being sported by star quarterback Patrick Mahomes (pictured) and if the broadcast will have any commercials for a Star Wars film. Anthem abilities: The singing of the national anthem seems to be a popular focus as the source also reportedly found sites offering odds on who will sing the last note of the tune penned by Francis Scott Key and whether any of the scoring drives from Sunday night will take less time to complete. There are purportedly also even more bizarre bets on which coach’s nostrils will be the first to feature in the broadcast, will the spread or total of the game be mentioned and how many times NFL Commissioner Roger Goodell will be shown. Half-time histrionics: American broadcasts of Super Bowl LV are reportedly due to be fronted by NFL analysts Jim Nantz and Tony Romo with sportsbetting aficionados reportedly furthermore able to find odds on whether this latter expert will correctly predict one of the game’s offensive plays. Markets on what color liquid will be poured on the winning coach and what is to be the first song performed by half-time entertainer The Weeknd are likewise purportedly available as are bets on the shade of the Canadian singer’s jacket and whether he will be sporting gloves or head bandages.
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Jim “Mattress Mack” McIngvale Wagers $3.46 Million on Buccaneers to Cover Spread
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A Houston, Texas furniture store owner, Jim “Mattress Mack” McIngvale, is well known for placing extremely large sports bets, and at the moment he has wagered the biggest bet on Super Bowl LV. According to sources McIngvale placed a $3.46 million bet on the underdog Tampa Bay Buccaneers covering a + 3.5 point spread on the big game this Sunday, February 7th, 2021 at 6:30 pm ET. Super Bowl LV will be played at the Tampa Bay Buccaneers home stadium in Raymond James Stadium located in Tampa, Florida. Upon flying into Colorado Springs, Colorado on Wednesday, February 3rd, 2021 “Mattress Mack” logged in to his Draft Kings mobile betting app while in the airport in order to place this monumental bet. His wager is one of the largest ever on a Super Bowl. McIngvale paid a little extra in juice at – 127 in order to push the point spread on the Tampa Bay Buccaneers to + 3.5 points. If the Bucs can cover the + 3.5 point spread in Super Bowl LV Jim will win $2.72 million! Jim “Mattress Mack” McIngvale’s Other Memorable Sports Bets McIngvale has been known to utilize the sports betting market in order to alleviate risk on major money making sales promotions he has running at his furniture store. For example, this year Jim initiated a sales promotion in which customers that spend $3,000 or in excess of that on a new mattress will get their money refunded if the Tampa Bay Buccaneers defeat the heavily favored Kansas City Chiefs in Super Bowl LV. Back in 2019 McIngvale placed over $11 million in bets on the World Series that was played between the Washington Nationals and his beloved Houston Astros. Some of the $11 million plus that he had in play on the 2019 World Series could be attributed to a $3.5 million futures wager on the Houston Astros that he made in Biloxi, Mississippi also with his Draft Kings sports betting account. The Houston Astros ended up losing the World Series to the Washington Nationals in seven entertaining games. Current Betting Activity on Super Bowl LV        ESPN’s David Purdum said, “The two largest reported bets on the Super Bowl so far have both been on the Bucs. In addition to McIngvale’s $3.46 million wager, a bettor with BetMGM in Nevada placed a $2.3 million wager on Tampa Bay last week. Despite the two multimillion-dollar bets on the Bucs in this year’s Super Bowl, the bulk of the action has been on the favored Chiefs. As of Wednesday at William Hill U.S. sportsbooks, 82% of the money that had been bet on the Super Bowl point spread was on Kansas City.” Media Statements  “Tampa Bay is loaded with talent on both sides of the ball and led by the greatest football player of all time in Tom Brady, so I’m betting big on the Bucs who have overcome tough matchups throughout this postseason,” Jim “Mattress Mack” McIngvale stated in a press release via DraftKings.  “Mack has been a great customer and is someone we have history with after taking his sizeable wager on the World Series a couple seasons ago,” the DraftKings’ sportsbook director Johnny Avello explained in a press release.
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US sports betting industry expected to see boost from Super Bowl LV
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วันอาทิตย์นี้ซูเปอร์โบวล์ LV จะเกิดขึ้นพร้อมกับทีมแคนซัสซิตี้ในการปะทะกับแทมปาเบย์ไฮเวย์ ทุกๆปีจะมีการจัดงานมากที่สุดในสหรัฐอเมริกาและในปีนี้ก็ไม่มีข้อยกเว้น นักวิเคราะห์พบว่าผู้เล่นจะเดิมพันเป็นจำนวนมากแม้ว่าการเดิมพันส่วนใหญ่จะเกิดขึ้นทางออนไลน์เนื่องจากการแพร่ระบาดของโควิด -19 Mahomes และ Brady ทำให้มันน่าสนใจในปีที่แล้ว Kansas City Chiefs เอาชนะ San Francisco 49ers 31-20 และคว้าแชมป์ Super Bowl เป็นครั้งแรกในรอบ 50 ปี มันเป็นการจับคู่ที่ยอดเยี่ยมและในที่สุดก็มีการวางเดิมพันทั่วโลกมูลค่า 6.8 พันล้านดอลลาร์ในเกม ในปีนี้หัวหน้ากลับมาโดยมี Mahomes เป็นหัวหน้า เขาเป็นหนึ่งในเหตุผลที่ผู้จำหน่ายซอฟต์แวร์การพนันกีฬารู้สึกว่าการค้าการพนันจะแซงหน้างานของปีที่แล้วในปีนี้ ด้านบนของ Mahomes คุณมี Tom Brady ซึ่งเป็นองค์ประกอบที่ต้องพิจารณาเช่นกัน เบรดี้จะเล่นใน Super Bowl ครั้งที่ 10 ของเขาในปีนี้และเขาได้นำสองทีมที่แตกต่างกันไปสู่เกมใหญ่ เขาเป็นเพียงกองหลังคนที่สี่ในประวัติศาสตร์ NFL ที่ทำได้ PayPerHead เป็น บริษัท ซอฟต์แวร์รายหนึ่งที่รู้สึกว่าสภาพแวดล้อมการเดิมพันเพิ่มขึ้น Nate Johnson ผู้จัดการผลิตภัณฑ์ของ บริษัท ให้ความเห็นเกี่ยวกับงานที่กำลังจะเกิดขึ้นว่า“ แม้ว่าคุณจะไม่มีอินเทอร์เน็ตหรือโทรทัศน์คุณก็รู้เกี่ยวกับเกมนี้ Patrick Mahomes และ Tom Brady เป็นบุคคลที่ได้รับความนิยมมากที่สุด 2 คนไม่ใช่แค่นักกีฬา แต่เป็นผู้คนบนโลกใบนี้ "การพนันกีฬาบนมือถือจะเฟื่องฟูในปีนี้คาดการณ์ว่าการพนันกีฬาบนมือถือจะเป็นผู้ชนะที่ยิ่งใหญ่ในการเดิมพัน หนังสือกีฬาบนบกจะไม่เห็นการดำเนินการมากนักเนื่องจากโคโรนาไวรัส สถานที่ดังกล่าวมีระดับความจุ จำกัด ดังนั้นจึงไม่สามารถจัดงานปาร์ตี้ Super Bowl ที่สำคัญได้เหมือนในอดีต ผู้เล่นจะมีโอกาสน้อยลงหากสามารถชมเกม NFL ได้อย่างปลอดภัยที่บ้าน ในสหรัฐอเมริกากฎหมายกีฬาทางกฎหมายได้ขยายไปมากกว่า 50% ของประเทศ เนื่องจากการเติบโตเช่นการไม่มีตัวเลือกความบันเทิงจึงคาดว่าถังจะขึ้นสู่ความสูงใหม่ การเดิมพันวางเดิมพันในเกมใหญ่แล้วและแน่นอนว่าการเดิมพันจะดำเนินต่อไปในช่วงที่เหลือของสัปดาห์ก่อนเกมใหญ่ Super Bowl LV เริ่มต้นที่ Raymond James Stadium ในแทมปาเวลา 18:30 น. EST วันอาทิตย์นี้โดยมีเครือข่าย CBS ถ่ายทอดสด
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