Denmark iGaming Dashboard – Q2 2018

first_img Topics: Casino & games Finance Sports betting Bingo Poker iGaming Business and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market Email Address Bingo 7th November 2018 | By Joanne Christie iGaming Business and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market.The Fifa World Cup and a strong casino performance saw the Danish market reach its best quarter in terms of GGR since the market was regulated at the beginning of 2012.Total igaming GGR reached €129.9m in the second quarter, up almost 10% on the €118.3m of Q1 and up 21% on the €107.3m of the second quarter of last year. Sports betting GGR rose to €57.8m in the second quarter, up almost 20% from the €48.3m of Q1 and more than 25% on the €45.8m of the same period the previous year. However, the Danes’ enthusiasm for the month-long football tournament didn’t detract from their devotion to casino, which experienced its best quarter yet with GGR of €67.2m. This was up from €64.2m in the previous quarter and €57.0m in the same quarter last year. Casino continues to take the biggest slice of the igaming pie in Denmark, and increasingly, the trend is moving towards mobile rather than desktop. In the second quarter, the split between desktop and mobile was 67.1% to 32.9%, with the latter being the highest percentage since the market was regulated.  When it comes to the market’s smaller verticals, however, the pattern in Denmark is similar to that seen in other jurisdictions. Although Danish operators have since the start of this year been allowed to offer online bingo, the vertical has gotten off to a shaky start, contributing just €2.0m in GGR in Q1 before falling to €1.8m in Q2. Poker continued its decline and last quarter the vertical recorded its lowest performance since market liberalisation, falling to €3.3m from €3.8m the previous quarter.Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker, and on the New Jersey market in the New Jersey iGaming Dashboard. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard.A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector. Subscribe to the iGaming newsletter Tags: Card Rooms and Poker Online Gambling Denmark iGaming Dashboard – Q2 2018 AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Nordics Denmarklast_img read more

Inspired sees revenue drop as losses widen in Q4

first_img Tags: Mobile Online Gambling Slot Machines Video Gaming 12th February 2019 | By contenteditor Inspired sees revenue drop as losses widen in Q4 Subscribe to the iGaming newsletter Email Address Inspired Entertainment has reported a year-on-year decline in revenue for the fourth quarter, with losses also widening in what was a transitional period due to a change in fiscal year end. Revenue in the three months to December 31, 2018, totalled $30.7m (£23.9m/€27.2m), down from $31.4m in the corresponding period in 2017. Inspired, which provides virtual sports, mobile gaming and server-based gaming systems to the market, put this decline down to lower hardware sales, mainly in the UK. Total hardware sales fell from $1.0m in Q4 of 2017 to $686,000. The tech provider also said a drop in Greek software licence sales contributed to the overall decline in revenue. Overall services revenue slipped from $30.4m to $30.0m. Net loss for the quarter grew from $4.2m in Q4 2017 to $4.7m, mainly due to higher cost of sales, as well as depreciation and amortisation. However, Inspired noted that net operating loss for the period was reduced from $4.4m to $2.4m, helped by a reduction in staff numbers, saving the company $1.8m. As a result of net loss increasing, net loss per common share, both on a basic and diluted basis, also worsened from $0.20 to $0.23. However, Inspired was boosted by an improvement in EBITDA, which climbed from $7.3m to $8.2m in Q4. Inspired put this down to overhead savings, again due to lower staff-related costs. Inspired executive chairman, Lorne Weil, remained upbeat about the results, highlighting that Q4 was a transitional period for the company. Inspired will switch its fiscal year end from September 30 to December 31 from 2019, with the results for the first quarter of this new calendar expected in May. “As we complete our transition to a traditional calendar year reporting cycle, we’re expecting good performance in the first quarter of 2019 driven by continued growth in Greece and Italy, as well as interactive and additional hardware sales opportunities in conjunction with a reduced overhead expense base,” Weil said. Weil also spoke of his confidence about how Inspired will deal with upcoming changes to regulations surrounding fixed-odds betting terminals in the UK. The maximum stake on the machines will be cut from £100 to £2 from April 1, while Remote Gaming Duty will also rise from 15% to 21%. “As we move from the first quarter into the second quarter, we expect to begin to see the impact of the implementation of new regulations as a result of the Triennial,” he said. “We have been investing in the resources necessary to satisfy the new requirements and meet player needs in the UK and we are extremely optimistic about our strategy to mitigate a portion of any potential impact.” Weil also referenced Inspired’s expansion plans in North America, saying that the company is seeking out opportunities to drive growth in the region. “We continue to believe our content and solutions provide an ideal platform for growth and, based on our proven success throughout Europe, we see a unique opportunity to build our VLT, virtual sports and interactive businesses in North America,” he said.center_img Topics: Casino & games Finance Sports betting Slots Video gaming AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Casino & games Inspired Entertainment has reported a year-on-year decline in revenue for the fourth quarter, with losses also widening to €4.7m in the transitional period.last_img read more

Bwin nets sponsorship deal with LaLiga’s Valencia

first_img Bwin nets sponsorship deal with LaLiga’s Valencia Topics: Marketing & affiliates Sports betting Tags: Online Gambling Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Online gaming operator bwin has agreed a deal to become the  main sponsor of Spanish LaLiga football club Valencia. The agreement will run from the 2019-20 season until the end of the 2021-22 campaign. 28th June 2019 | By contenteditor Marketing & affiliates Online gaming operator bwin has agreed a deal to become the main sponsor of Spanish LaLiga football club Valencia.The three-year agreement will run from the 2019-20 season until the end of the 2021-22 campaign, with bwin to also serve as the team’s main global partner.Bwin branding will feature on the front of the team’s official match and training shirts. The deal includes both the Valencia first team and VCF Mestalla reserve team in all domestic and European competitions.The deal builds on an existing relationship between the two parties, with the operator having worked with the club in a commercial capacity since the 2016-17 season.“Bwin are leaders in their sector, and set the benchmark for their technological innovation, transparency and dynamism,” Valencia president, Anil Murthy, said.“Valencia CF share these virtues and I am convinced that strengthening this alliance will be tremendously beneficial for both parties. We hope to make history together.”Earlier this week, Valencia’s LaLiga rival Sevilla also signed a shirt sponsorship deal with Marathonbet, while reigning Belgian First Division A champions Club Brugge entered into a partnership with Kindred-owned Unibet.Image: Max Pixel Subscribe to the iGaming newsletter Regions: Europe Southern Europe Spainlast_img read more

Green Jade Games lands Malta supplier licence

first_img Online gaming content developer Green Jade Games has secured a new supplier licence from the Malta Gaming Authority (MGA), allowing it to begin offering its products to operators in a range of regulated markets. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Legal & compliance 5th August 2019 | By contenteditor Tags: Online Gambling Green Jade Games lands Malta supplier licence Legal & compliance Regions: Europe Southern Europe Malta Online gaming content developer Green Jade Games has secured a new supplier licence from the Malta Gaming Authority (MGA).The permit will enable the Malta-based developer to begin offering its products to MGA-licensed operators that are active in regulated markets.Green Jade Games has a wide range of slots and real-money arcade style games, including slot title Hammer of Fortune.The new Malta licence comes after Green Jade Games last month also secured approval from the GB Gambling Commission to begin operating in the UK.“Obtaining our licence from the MGA is the next step in our plans to provide our games to all of the major online casino operators in regulated and regulating markets around the world,” Green Jade Games’ chief executive, Benedict McDonagh, said.“Our games are truly unique and genuinely innovative and now that we hold an MGA permit we can offer them to more operators, and players, than ever before. It also proves that we are meeting the highest possible standards when it comes to responsible gambling and protecting players.” Subscribe to the iGaming newsletter Email Addresslast_img read more

Gamesys suspends TV, radio ads amid Covid-19 lockdown

first_img The recently formed Gamesys Group has suspended all non-targeted customer marketing, including television and radio advertising, to protect customers and minors under lockdown as a result of novel coronavirus (Covid-19). Finance The recently formed Gamesys Group has suspended all non-targeted customer marketing, including television and radio advertising, to protect customers and minors under lockdown as a result of novel coronavirus (Covid-19).The group – created when JPJ Group acquired Gamesys last year – said it recognised that lockdowns to limit the spread of the virus could lead to vulnerable gamblers seeing many more advertisements, which could put them at greater risk.“The unprecedented Covid-19 crisis means that families across the UK are now spending the vast majority of their time living together at home, with the result that some children and some of those that may be at risk of gambling disorder, may be watching more television, listening to more radio and increasing consumption of other media platforms,” Gamesys explained.“In such an environment, the Gamesys board believes that it is prudent to suspend untargeted customer marketing and we have taken the precautionary decision to cease all TV and radio advertising in the UK until current social restrictions are eased.”As part of this suspension, the group’s Jackpotjoy brand will no longer sponsor ITV’s daytime chat show Loose Women. The show will instead be sponsored by domestic abuse charity Women’s Aid, to which Gamesys Group has also donated £200,000.“I am delighted to be able to announce our support for Women’s Aid to help it provide such a vital service during these extraordinary times,” Gamesys chief executive Lee Fenton said.“Like all businesses across the UK and those within our sector, we will continue to monitor the COVID-19 situation carefully and operate based on official Government guidelines until we are ready to return to a normal course of business.”The group will continue to use targeted online marketing, but will also suspend direct-mail marketing and non-targeted digital ads.“Our business purpose of ‘crafting entertainment with care; has never been more relevant and we remain committed to providing a fun, safe and entertaining environment for our global customer base to enjoy,” Fenton added.The news was announced alongside a financial update for the first quarter of 2020. The operator said revenue increased 19% to £155.3m for the three months ended 31 March.The group said revenue growth was down to progress Asia and continued success in the UK, as well as double-digit growth in the US. Gamesys also experienced growth in most mainland European territories, but this was offset by continued struggles in Sweden.Although many businesses have been heavily affected by the virus, Gamesys Group said the second quarter of 2020 looks similar to the first in terms of revenue so far.“The Group has made a good start to Q2 and although it is still early in the period, trends are so far broadly in line with those experienced in Q1,” it noted. Subscribe to the iGaming newsletter Email Address Topics: Finance Marketing & affiliates 23rd April 2020 | By Daniel O’Boyle Tags: Online Gambling Regions: UK & Ireland Gamesys suspends TV, radio ads amid Covid-19 lockdown AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Bragg sees net loss widen despite revenue growth in Q1

first_img Tags: Online Gambling 30th June 2020 | By contenteditor Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Toronto-listed supplier Bragg Gaming Group has put a €5.7m (£5.2m/$6.4m) net loss in the first quarter primarily down to the remeasurement of deferred and contingent costs related to its acquisition of Oryx Gaming.Revenue in the three months through to 31 March amounted to €8.8m, up 44% from €6.1m in the same period last year.Bragg said that this growth was down to organic growth from its existing customer base, supported by the addition of new clients including Admiral Group, SkillOnNet and Lottoland.Chief executive Dominic Mansour also noted the supplier’s focus on expanding its presence in the US igaming market, with plans to build on recent partnerships with Kambi and Seneca in the country.“We’re very pleased that we’ve been able to build on the strong trajectory that we achieved in 2019,” Mansour said. “We’ve continued to emphasise revenue diversification and have delivered strong growth across our operators, with the introduction of new features and functionality on our platforms.“We have continually improved our content pipeline and have signed multiple new customers globally.”Looking at spending for the quarter, selling, general and administrative expenses were up 10% year-on-year to €4.1m.Bragg said this was primarily due to the increase of salaries and subcontractors, which rose 35% to €2.4m as it expended its software development, product and analytics functions. Share-based payments spending in the period declined 85.7% from €700,000 to €100,000.Gross profit for the quarter was up by 38% from €2.9m to €4.0m, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rocketed by 100% to €800,000.Bragg said this growth was underpinned by ongoing investment and innovation in its technology and product offering, including the hard launch of the Oryx Hub data analytics and customer engagement platform.However, despite these increases, Bragg saw its net loss widen from €2.0m in Q1 of last year to €5.7m. The supplier said this was due to the “remeasurement of deferred and contingent consideration” due to the vendor of the Oryx purchase, which amounted to €5.0m in additional costs. Bragg annonuced in May that it had amended the earn-out due to KAVO Holdings, the business from which it acquired Oryx. The earn-out, originally due on 30 June, has been pushed back to 30 September, with Bragg engaging Canaccord Genuity to advise as it works on raising funds to make the payment.Looking to the second quarter, Bragg said it has performed well in the period and expects revenue to increase 30% year-on-year as a result.As such, Bragg said its full-year guidance remains unchanged, with the business on track to post between €35m and €38m in revenue, which would represent an increase of around 43% on the prior year. Adjusted EBITDA is also expected to climb from €1.2m in 2019 to between €5.2m and €5.6m.center_img Email Address Bragg sees net loss widen despite revenue growth in Q1 Toronto-listed supplier Bragg Gaming Group has put a €5.7m (£5.2m/$6.4m) net loss in the first quarter primarily down to the remeasurement of deferred and contingent costs related to its acquisition of Oryx Gaming. Topics: Financelast_img read more

Norway notifies unified Gambling Act to EC

first_img13th August 2020 | By contenteditor Legal & compliance Norway notifies unified Gambling Act to EC The European Commission is to run the rule over Norway’s revised gambling legislation, that looks to unify the country’s Lottery Act, Gambling Act and Totalisator Act, while maintaining Norsk Tipping and Norsk Rikstoto’s monopolies in the market. The European Commission is to run the rule over Norway’s revised gambling legislation, that looks to unify the country’s Lottery Act, Gambling Act and Totalisator Act, while maintaining Norsk Tipping and Norsk Rikstoto’s monopolies in the market.Notification to the EC comes after the Norwegian Ministry of Culture in June launched a consultation on consolidating the country’s gambling laws into a single piece of legislation.While that consultation is due to run through to 29 September, the notification yesterday (12 August) means the legislation is subject to a standstill period running until 13 November.“The proposed act aims to prevent gambling problems and other negative consequences of gambling games, and to ensure that such games take place in a responsible manner,” the legislation explained. “This corresponds to the main objectives of the Norwegian gambling policy, which are to prevent problematic gambling activity and protect vulnerable players, prevent crime and prevent private profits from gambling.“The act will harmonise the legislation applicable to the gambling sector in Norway, and will provide a more coherent and systematic approach to risk assessment, enforcement and sanctions applicable to the sector.”At present, Norsk Tipping and Norsk Rikstoto hold monopolies in Norway, with sole rights to offer gambling games with a high turnover, high prizes or present the biggest risk of causing gambling-related problems.The revised act sets out that these operators would be subject to strict public control and must abide by requirements set out in their licences. These include having in place responsible gambling measures and methods to combat gambling-related crimes.Non-profit organisations would also be able to offer gambling games with low turnover and prizes of small value to players in the country.Meanwhile, an existing ban on payment transfer for deposits or winnings related to gambling offered by operators without a permit in Norway would stay in place, as would a provision for a percentage of profits from legal games to go to non-profit organisations.In terms of marketing, the act states that the promotion of legal games would be permitted on a limited basis, but operators must ensure these advertisements are presented in a safe and responsible manner.“Marketing shall not be targeted at certain vulnerable groups, such as minors or people who have opted out of marketing for gambling games,” the act said.The country’s regulator Lotteri-og Stiftelsestilsynet (Lotteritilsynet) would be given the power to enforce sanctions such as fines or suspensions on operators if they were to breach any of their licence condition.Lotteritilsynet could also request Norwegian internet service providers place warning messages on websites illegally targeting players in the country, thus informing players that they are operating without a licence.In addition, the act makes clear that additional regulations would be added after the basic act is approved and adopted. Details of these regulations would be released at a later date. Tags: Online Gambling OTB and Betting Shops Regions: Europe Nordics Norway Topics: Legal & compliance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Subscribe to the iGaming newsletter Email Addresslast_img read more

Scientific Games joins “Gift Responsibly” holiday campaign against underage lottery play

first_img“Social responsibility, integrity and transparency are cornerstones of Scientific Games, and we are extremely proud to continue the support, and stand with our lottery customers and the National Council on Problem Gaming in maintaining responsible play throughout the lottery industry,” Schaefer said. Subscribe to the iGaming newsletter Tags: Scientific Games National Council on Problem Gambling Carla Schaefer – Scientific Games’ VP responsible gaming – said lottery games were not designed for children and so it was proud to support the initiative again. Topics: Lottery Social responsibility Problem gambling Responsible gambling Regions: Canada Europe US Australia Scientific Games has participated in the campaign since 2018, and is the only lottery supplier participant. The campaign is endorsed by the North American Association of State and Provincial Lotteries (NASPL) and the World Lottery Association (WLA). “Thanks again to Scientific Games for their support of this important responsible gambling campaign,” NCPG executive director Keith Whyte said. “Vendors play an important role in providing responsible gambling services to their lottery customers and in educating their own employees.”  Gaming and lottery supplier Scientific Games has joined the National Council on Problem Gambling (NCPG)’s “Gift Responsibly. Lottery Tickets Aren’t Child’s Play” holiday campaign to discourage giving underage players lottery tickets as gifts.center_img “Lottery games are created to entertain, and intended to be played by adults. Lottery games are not child’s play, and we urge everyone to share this important message during the holiday season and always.” 4th December 2020 | By Conor Mulheir AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Responsible gambling All US and Canadian lotteries, as well as several in Europe and Australasia have joined the 2020 campaign to support responsible gambling and help raise awareness regarding the risks of underage lottery play. Scientific Games joins “Gift Responsibly” holiday campaign against underage lottery play Email Addresslast_img read more

Google offers users greater control over gambling ads

first_img Google offers users greater control over gambling ads Under the new feature, however, users may choose to see fewer gambling and alcohol ads with a single click in their ad settings. This can then be reversed if they choose. In developing the feature, Google has been working together with the International Alliance for Responsible Drinking (IARD) and its members, taking into account their experience in the standards for responsible alcohol advertising and marketing. Google has announced it will add a new feature to its ad settings, allowing users to see fewer advertisements for gambling. Tags: Google Google pointed out that it has long had features such as ‘mute this ad’, allowing users to indicate which ads they would prefer not to see. In addition, Google has its own policies which determine when and where gambling and alcohol advertising may be used in order to limit exposure to vulnerable groups. Countries with legal restrictions against gambling or alcohol advertising will not see any change in their policies, Google said. The search engine giant said the new controls – which also offer a restriction on alcohol advertising – have been introduced in response to feedback that some people would prefer to limit ads in certain sensitive categories. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 11th December 2020 | By Conor Mulheir The update comes at a time where gambling advertising is increasingly under fire. Regulatory changes in Spain recently banned all gambling advertising outside the hours of 1:00AM and 5:00AM, including on YouTube. “We believe this new feature is an important step in user choice and control,” Google said. “We’ll continue to improve our controls; and as our products and people’s expectations of them evolve, so will the features we make available to personalize ad experiences.” In Germany’s newly-regulating igaming market, casino marketing is prohibited altogether. The UK government’s review of its Gambling Act will also see gambling advertising come under scrutiny, as MPs explore the harms or benefits of bonusing, sports sponsorship, and advertising in general. Marketing Subscribe to the iGaming newsletter Topics: Marketing & affiliates Marketing “As a responsible producer and member of IARD, we are determined to set and deliver new and robust standards of marketing responsibility,” Albert Baladi, chair of the IARD, said. “This significant new feature is a very important development for our sector, and it will have a meaningful impact for people around the world as it is rolled out across Google’s platform.” The feature will be rolled out gradually, beginning with YouTube Ads in the United States, with an aim to introduce the feature globally for Google Ads and YouTube in early 2021. Email Addresslast_img read more

Cirsa operating profit down 73.3% to €126m in 2020

first_img Regions: Spain Land-based and online gaming operator Cirsa has published its financial results for the full year 2020, showing an operating profit of €126m (£108.5m/$152.9m) from an operating revenue of €842m. 24th February 2021 | By Conor Mulheir However, the business made a net loss of €254.6m as expenses declined more slowly than revenue amid land-based suspensions. Subscribe to the iGaming newsletter Full year operating revenue was down from €1.64bn in the full year 2019, a year which saw the company make an operating profit of €472.7m and a net loss of €6.7m. The time spent closed varied by jurisdiction, it pointed out, stating that while venues in Spain reopened for a period after just 86 days, the land-based sector remained closed in Panama for some 7 months and in Peru for around 9 months. Full year results 2020 Cirsa operating profit down 73.3% to €126m in 2020 In the fourth quarter of the year, the operator generated €211m in operating revenue, down from €537.6m in Q4 2019, and €51m in operating profit, down from a net operating profit of €53m in the previous year. When venues were permitted to reopen, at different intervals depending on the local decrees of the different jurisdictions Cirsa operates in, the operator said the group managed to reduce the impact on revenue and results in spite of a large reduction in operating capacity. It also said the group’s solid financial structure allowed it to maintain high levels of liquidity throughout the year.center_img Tags: Cirsa The year provided 45% fewer productive hours than usual, it said, however its “Secure Gaming” plan allowed it to mitigate the impact of this and recover its customer base and income. Its Sportium subsidiary, which mainly focuses on the Spanish retail betting market, maintained a good level of activity, it said, and the efficient management of resources helped maximise revenue and minimise costs throughout the year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Cirsa said Sportium’s digital channel, which remained fully operational throughout the year, continued its progression towards significant growth rates. After a strong start in January and February, which the operator said was up 28% over 2019, the impact of the novel coronavirus (Covid-19) pandemic saw revenues suffer a serious impact from March following the widespread suspension of its land-based operations across several jurisdictions. Its casino and bingo hall divisions were hit hard by closures across the globe, the operator said, but the Secure Gaming plan allowed it to return to a good level of activity in these when venues were allowed to reopen. Topics: Casino & games Finance Sports betting Bingo Land-based casino Online casino Full year results 2020 While slot machine revenue suffered significantly, the operator said the Manhattan and Pharaoh’s Gold games launched by its UNIDESA B2B subsidiary became the best performing slots on the market. Email Addresslast_img read more

Recent Comments