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Kambi, a sports betting solution provider, has announced it’ll join forces with Glitnor Group. The group runs Happy, Lucky, Flax, and Vera&John, which will now switch over to Kambi’s Turnkey Sportsbook technology.
This particular method of providing sportsbooks to operators allows companies to “grow faster than the market.” Effectively, it provides all the tools an operator would need to manage sports gambling operations, including “customer intelligence and risk management”, key points in recent weeks.
Core to its tech, Kambi’s Turnkey Sportsbook provides a “high-performance” piece of software intended to “deliver precision pricing” when setting bets.
Glitnor will now replace the business-to-business sportsbook provider it currently has, switching to Kambi. This will be implemented across its range of casinos in Sweden, the Netherlands, and Ontario, among other locations.
Kambi and Glitnor CEOs comment on partnership
In the press release, Werner Becher, CEO of Kambi, said: “We are incredibly pleased to welcome Glitnor Group to the Kambi network following their decision to switch to our award-winning sportsbook.
“This multi-jurisdictional agreement is a testament to the strength of our premium Turnkey Sportsbook, proven to deliver cutting-edge technology that drives growth, ensures regulatory peace of mind and creates a world-class betting experience for players.”
Richard Brown, CEO of Glitnor Group, added: “Partnering with Kambi was a clear choice for us as we looked to elevate our sportsbook offering.
“Kambi’s market-leading technology, proven track record and unrivalled expertise give us the foundation to deliver a premium, seamless sports betting experience to our players.
“We’re confident this partnership will enable us to achieve long-term success in our core markets.”
Kambi has been quite busy through 2025, with the last few months spent securing new clients through deals. It recently made deals with LeoVegas, New York’s Oneida Indian Nation, and RedCap.
Featured image: Kambi / Glitnor Group
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A gambling ring based in India has been busted by the Directorate of Enforcement (ED), the country’s economic intelligence agency. The results saw law enforcement recover valuables, particularly gold.
It stems from an ongoing investigation into politician, K C Veerendra, who was found to be helping run the illegal betting ring. Using sites like King567 and Raja567, Veerendra and others behind the operation would reportedly funnel money spent on the sites through various laundering methods, while also cheating players out of their cash.
Veerendra was arrested in August and remains in custody. The money that was laundered can still be seen, as police have extensively documented what they’ve managed to recover so far.
Reported numbers of the betting ring’s earnings total over ₹2,000 crore ($169,692,555), making it one of India’s largest financial scams. The group would spend some funds on advertising, manipulating search engine results through Search Engine Optimisation tactics, and sending text messages in bulk.
India sees one of its largest scams as Veerendra gambling ring raided

ED conducted searches in the K C Veerendra illegal online betting case, seizing 40 kg gold worth Rs. 50.33 crore from Challekere lockers. Total assets seized so far exceed Rs. 150 crore. Investigation revealed Veerendra, an MLA, and associates ran betting sites like King567,… pic.twitter.com/Yj3i9vD2JK
— IANS (@ians_india) October 9, 2025

In the most recent part of the investigation, ED seized various assets that were found on properties involved. This has now surpassed ₹150 crore ($16,917,225). ED recovered 21KG of gold bars and 40KG of 24-carat gold bullion worth ₹50.33 crore ($5,637,995). This was found amongst other valuables.
In August, when the ED raided five casinos linked with the betting ring, they seized multiple memberships to international casinos. The agency also seized 12 crore ($1,353,134.40) in cash, with 1 crore ($112,761.20) in foreign currencies.
During this raid, various cars were seized as well, all of which had the same VIP registration number, 0003. They also froze 17 bank accounts linked with the betting ring.
Police found so much gold that the images shared with the public included spelling out “ED” out of the gold bars recovered. ED will now proceed to the next step of the investigation, with efforts being put in to uncover the full network.
In September, Indian law enforcement also raided another gambling ring in light of tightening control over the industry.
Featured image: KC Veerenda via Instagram, ED via Twitter
The post India’s ED busts new $169M gambling ring linked to politician K C Veerendra appeared first on ReadWrite.

The director of a glazing company has received a sentence for defrauding the UK government by misappropriating COVID relief loans to fund gambling and crypto investments.
Haralambos Ioannou, the 49-year-old in question, was found to have used his company, Opti-Bond (GB) Ltd, as a front to obtain the two loans of £100,000 ($133,000) in total.
Glazing firm director swindles COVID relief loans for gambling
The funds were supposed to be used to bridge the financial hardship that businesses had been facing during the global pandemic. Named Covid Bounce Back loans, they each were valued at £50,000 ($67,000), but only one of these loans could be applied to qualifying businesses.
Ioannou, according to the UK government, applied for the first loan to business-related matters, but the second was used “ for personal purposes, breaking the rules of the scheme.”
David Snasdell, Chief Investigator at the Insolvency Service, said, “He not only fraudulently applied for a second loan but then spent it on activities which had nothing to do with his company’s operations such as gambling, crypto-investments, cash withdrawals and payments to his then partner.”
Ioannou uses money to fund his personal life
He applied for the first of the loans in May 2020, stating that the window company’s 2019 turnover was £216,000. He would then submit a second loan application on Opti-Bond’s turnover in 2019, but he changed the figure to £236,000 ($314,000).
He was reported to have received both loan payments across eight days and would then process thirty-eight fraudulent transactions totalling £20,000 ($27,000) to his personal account.
Cross-referenced with the payments he made in this time frame to gambling companies, Ioannou is reported to have made £25,000 ($33,000) worth of deposits and transactions.
In addition to the gambling payments, he also made £8,000 worth of investments in cryptocurrency companies, withdrew £6,000 from ATMs, and transferred £16,000 to his now-ex wife, all from the loan monies.
Opti-Bond entered insolvency in November 2021, and the company director failed to alert the Insolvency Service of the initial Bounce Back Loan or the second loan he used for personal expenditure.
He has received a sentence of 22 months in custody, which has been suspended for a period of two years.
Featured image: Canva
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