RedCore said its investment team would meet prospective projects at SiGMA Central Europe from 3 to 6 November. The group is seeking businesses with a working MVP that have progressed to market testing and are ready to scale, including in iGaming, MarTech, FinTech, Web3, AI/ML and technology analytics.
The announcement identifies RedCore’s stated investment stage and sectors for prospective iGaming businesses.
The day’s most important stories, free. One email a day.
Alberta expects its regulated iGaming market to generate CAD 76 million in its first year, according to Minister Dale Nally. The market is due to launch on 13 July; Alberta Gaming, Liquor & Cannabis said 47 operators had completed registration and paid initial fees by 26 June, but still needed to complete a separate process with Alberta iGaming Corporation.
The Juroszek family has increased its stake in Gentoo Media from 26.8% to 59.3% through a €100m refinancing package. Two family-owned entities bought €50m of equity through a share issue, with a further €50m provided as a loan; Gentoo Media chief executive Jonas Warrer said the completed refinancing would enable full repayment of bonds due in December.
The Juroszek family has gained majority control of Gentoo Media following a €100m debt refinancing, according to the source. The family's holding rose from 26.8% to 59.3%.
Genting Bhd proposed a MYR1.25 billion rights issue in early October, primarily to reduce debt and provide working capital, the company said. Lim Kok Thay’s family undertook to subscribe for its full entitlement, representing 45% of the issue; underwriting for the balance was still to be finalised. The proposal comes as Genting pursues US$5.5 billion and US$5 billion resort projects in New York and Singapore respectively.
Genting Bhd proposed a MYR1.25bn rights issue in early October, primarily to reduce debt and provide working capital. The source valued the proposed issue at US$306m.
The Office for Health Improvement and Disparities awarded more than £9.4m to gambling harms organisations in the UK, according to a report. Recipients include Gambling with Lives, Gamban, GamLearn, Chapter One and Beacon Counselling Trust; the funding page puts total provision through 2028 at £39.7m.
The Office for Health Improvement and Disparities (OHID) has awarded more than £9.4m to gambling harms groups, following legal challenges to earlier funding decisions, according to the report.
Gamban said it has returned its gambling-blocking service to free access in England after receiving funding approved by the Office for Health Improvement and Disparities. The company said it had previously switched to subscriptions and had already restored free service in Wales earlier in the year.
Gamban has announced that its service in England will be free again, after it did the same in Wales earlier in the year. The company reversed the change following funding approved by the Office for Health Improvement and Disparities (OHID).