Month: August 2021

Playtech’s Quickspin moves into Italy with PokerStars deal

first_img Subscribe to the iGaming newsletter Tech & innovation Playtech’s Quickspin moves into Italy with PokerStars deal Quickspin is to launch its gaming content in Italy for the first time after entering into a new partnership with The Stars Group’s flagship PokerStars brand. The Playtech-owned games studio will initially roll out a selection of slot titles such as Sakura Fortune, Dragon Shine and Phoenix Sun, with more content to follow in the coming months. “We are delighted to have secured a deal with Pokerstars. Going live with them is exciting for us and continues our exciting plans for expansion,” Quickspin chief executive Daniel Lindberg said.“We live and breathe slots and are passionate about what we do,” he explained. “Our mission is to create ones that players love, and we’re looking forward to taking the country by storm with some of our most exciting games.”PokerStars joins the likes of LeoVegas, Betsson, Mr Green, JackpotJoy’s Vera&John, Kindred Group and Danske Spill as operators that have content deals in place with Quickspin. The studio was founded in 2011, before being acquired by acquired by iGaming solutions giant Playtech in 2016. PokerStars was awarded an online casino licence in Italy earlier this year. It was one of around 80 operators that submitted applications to the Agenzia delle Dogane e dei Monopoli after the Italian regulator opened a new licensing window for the country’s iGaming market in January this year. Last month, The Stars Group reported a 74% year-on-year increase in revenue to $572m (£449.5m/€504.2m) for the third quarter of 2018, including 12% growth in revenue from Italy to €37.8m. Email Address Topics: Tech & innovation AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd December 2018 | By contenteditor Launch comes after PokerStars was awarded an Italian online casino licence earlier this year Tags: Online Gambling Regions: Europe Southern Europe Italylast_img read more

Japan aims to establish casino regulator by January 2020

first_img Topics: Casino & games Legal & compliance Subscribe to the iGaming newsletter Regions: Asia Japan AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Japan aims to establish casino regulator by January 2020 The Japanese government has revealed plans to formally establish a regulatory body to oversee the country’s land-based casino industry by January next year, around six months after it was originally set to be formed.A five-person board to lead the Casino Management Committee is to be appointed by 7 January 2020, working as an independent arm of the country’s Cabinet Office. It will be led by a five-person board, and ultimately employ 100 people — up from the 95 originally planned — with the leadership to be confirmed by the Japanese parliament (Diet).The Committee will incorporate financial supervision, regulatory supervision, planning, research and general affairs divisions. It will be granted responsibility for handling the licence applications for the three integrated resorts, then for enforcing regulations and monitoring the market, including anti-money laundering duties.Under the regulations approved in March then published as part of a consultation in September, integrated resort operators will have to require a casino business licence to construct their gambling hall, then a casino facility service licence to operate this venue.The gambling facilities must cover no more than 3% of the venue’s overall floor space.Following that consultation, which ended on 3 October, the government is working on developing the final regulatory framework, which will include elements such as the criteria for selecting the sites for the resorts. A number of sites, such as Tokyo, Yokohama and Osaka, are all likely to be in contention to host a facility.The Casino Management Committee had originally been expected to be announced in July, only for its establishment to be delayed, with the Japanese government yet to explain why it was pushed back.Following its formation, the final set of regulations are likely to be published, with some media sources reporting that this could also take place in January 2020.With the integrated resorts sites yet to be selected and the process to pick operators to run each site (which are expected to cost at least $10bn to build) to follow, it is unlikely that any of the facilities will open until 2025 at the earliest.center_img Casino & games 22nd October 2019 | By contenteditor Email Address The Japanese government has revealed plans to formally establish a regulatory body to oversee the country’s land-based casino industry by January next year, around six months after it was originally set to be formed.last_img read more

Bidders prepare for National Lottery tender battle

first_img Tags: Charitable Gaming Mobile Online Gambling CSR 17th December 2019 | By contenteditor Bidders prepare for National Lottery tender battle A number of high-profile gaming businesses look set to compete in the tender process, which could see the contract to operate the UK National Lottery wrestled away from long-term incumbent Camelot for the first time.While Camelot has operated the lottery since its inception in 1994, winning new contracts in 2001 and 2007, it looks set to face significant competition in the 2020 tender process.Gambling Commission chief executive Neil McArthur has previously suggested there was “significant untapped potential” in the franchise, and that he hoped to see technology giants compete for the contract.Fighting for the tender will be the likes of Health Lottery operator Northern & Shell. It told that after 25 years under Camelot’s control, it was “time for a change” to the lottery’s management when the current contract expires.Northern & Shell, which previously owned a number of national newspapers including the Daily Express and Daily Star, has assembled a team to manage its bid, and has already received the draft invitation to apply (ITA) from the tender managers.It pointed out that having run the Health Lottery since 2011, it was the only other provider to have a national retail presence in the UK, which it said would give it an advantage over challengers.It expects that bids will be filed in March 2020, with the final decision of the tender panel being announced towards the end of the year.Czech gaming conglomerate Sazka Group, meanwhile, has long been credited with an interest in running the National Lottery. The business, which also runs the Sazka brand in the Czech Republic and holds a controlling stake in Greece’s OPAP, was previously expected to float on the London Stock Exchange ahead of challenging in the tender.However, these plans were ultimately shelved due to market volatility. Sazka has since competed for tenders in Italy’s SuperEnalotto and Turkey’s Milli Piyango. However, in each case it was unsuccessful, with Sisal prevailing in both cases, in partnership with Demirören Holding in the Turkish process.Sazka would not confirm nor deny that it will participate in the National Lottery tender.“As one of the Europe’s largest and most successful lottery companies, operating national lotteries in Greece, Italy, Austria and the Czech Republic, Sazka Group is aware of the upcoming license renewal process for the UK National Lottery,” a spokesperson for the business told iGB.“Once the UK Gambling Commission has announced the terms and conditions for bids we will evaluate them to determine the Sazka Group’s response.” Other potential bidders include Sir Richard Bransons’s Virgin Group, which media reports suggest has already met with the tender managers.Overseeing the tender is John Tanner, a manager brought in from Her Majesty’s Revenue and Customs by the GB Gambling Commission to lead the process. He is being supported by Andrew Wilson, as commercial director, with investment bank Rothschild & Co as lead financial advisor.For the first six months of Camelot’s 2019-20 financial year, the operator reported a 13.5% year-on-year increase in sales to £3.92bn. This was aided by a 40.0% jump in digital sales for the six months to 28 September 2019, which climbed to £1.16bn. Topics: Lottery Social responsibility Strategy CSR Subscribe to the iGaming newsletter A number of high-profile gaming businesses look set to compete in the tender process, which could see the contract to operate the UK National Lottery wrestled away from long-term incumbent Camelot for the first time. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Email Addresslast_img read more

Enlabs announces Ustinov as new chief executive

first_img Baltic-facing igaming operator Enlabs has appointed George Ustinov, formerly its chief operating officer and chief financial officer, as its new chief executive. Regions: Europe Topics: People Strategy People Tags: Online Gambling Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Enlabs announces Ustinov as new chief executive 11th February 2020 | By contenteditor Subscribe to the iGaming newsletter Baltic-facing igaming operator Enlabs has appointed George Ustinov, formerly its chief operating officer and chief financial officer, as its new chief executive.Ustinov replaces former Catena Media chief Robert Andersson, who has stepped down from his operational assignments with the operator after two years as its president and CEO.A member of the senior management team at Enlabs since 2017, Ustinov will take on his role new having only been appointed as COO in December last year, as part of a reshuffle that saw Adam Jonsson succeed Ustinov as CFO.“I am honoured to have the opportunity to take over leadership for Enlabs, which is a fantastic company with very great opportunities,” Ustinov said. “We operate in an industry that is rapidly changing and our mission is to fulfil our customers’ needs and improve the customer experience through digital solutions.”Outgoing CEO Andersson added: “Being able to hand over the leadership to George after these two years feels extraordinary good. We have worked very closely with each other during this time and with his skills and drive, George is the obvious choice as new president and CEO.”Enlabs’ chairman Niklas Braathen also said: “George, has during his time in the Group, demonstrated the ability to quickly make and implement decisions, has solid knowledge of the Eastern European gaming markets, and possesses the leadership skills that Enlabs continues to develop. “Together with Enlabs’ management team, he will drive Enlabs’ strategy forward, and be able to deliver long-term value for all our shareholders.”The appointment comes after Enlabs last month announced another record-breaking quarterly performance, with Q4 revenue rising 25.3% year-on-year to €11.2m (£9.4m/$12.2m).This contributed to total revenue for 2019 increasing by 29.4% to €39.6m, with growth for the year largely driven by Enlab’s B2C igaming operations, which accounted for €36.4m of the full-year total, up 36.3% from 2018.last_img read more

German lottery sales rise 4.2% in first half

first_imgLottery Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 3rd July 2020 | By contenteditor Regions: Europe Central and Eastern Europe Germany New figures from Germany’s state lottery association the Deutscher Lotto- und Totoblock (DLTB) reveal that lottery sales in the first half of 2020 rose 4.2% to €3.75bn.center_img Topics: Lottery New figures from Germany’s state lottery association the Deutscher Lotto- und Totoblock (DLTB) reveal that lottery sales in the first half of 2020 rose 4.2% to €3.75bn.The most popular game over the six months to 30 June was Lotto 6aus49, which accounted for €1.78bn of sales, almost half the six month total. Eurojackpot, meanwhile, saw stakes rise more than 35% to €815m, with spending on GlücksSpirale up 5.0% to €121.6m.Current DLTB chair and Lotto Rheinland-Pfalz managing director Jürgen Häfner said the strong first half performance highlighted the popularity of lottery games in Germany, even with the novel coronavirus (Covid-19) pandemic forcing most lottery sales outlets to shut temporarily.He said this disruption was offset by loyal players purchasing multi-week tickets where possible, or migrating online, while longer jackpot cycles increased interest – and sales – of Lotto 6aus49 and Eurojackpot.Häfner noted that around 40% of state lottery revenue was repaid to state governments in taxes and duties, totalling €1.5bn in the first half.“That means more than €8.2m flows to state budgets every day,” he said. “That is money without which many things would not be possible in Germany.”In the second half of 2020, the DLTB will launch a revamped version of Lotto 6aus49, with the first draw due to be held on 23 September.This will see ticket prices increased from €1 to €1.20, allowing for bigger prize pools across all winning categories. The higher price will also help prize pools, capped at €45m, grow faster. German lottery sales rise 4.2% in first half Email Addresslast_img read more

Casinos Austria to implement major restructuring plan

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: Europe Western Europe Austria Subscribe to the iGaming newsletter Casinos Austria to implement major restructuring plan 9th July 2020 | By contenteditor The supervisory board of Casinos Austria has approved a proposal from the business’ management team for a far-reaching restructuring plan through which it aims to reduce costs by more than €40m, but which will see its employee headcount significantly reduced.The restructuring, known as the ReFIT plan, was described by Casinos Austria chief executive Bettina Glatz-Kremsner as “the largest reorganisation in the history of the company”.“[It will] secure Casinos Austria’s position as the number one Austrian gaming provider in the long term,” Glatz-Kremsner said.The ReFIT plan aims to ensure all of the business’ 12 casino locations can be maintained and generate a profit, and to secure as many jobs as possible at each location.The operator will look to develop a more efficient business through a restructuring of its casino operations and headquarters, while realising cost savings of more than €40m by reducing material and personnel costs. This will mean a reduction in the number of employees at the business, with average salary costs to also be cut.While Casinos Austria did not provide an indication as to how many staff may be laid off, Austrian newspaper Kurier claims up to 500 employees will lose their jobs.The casino estate will undergo a “strategic reorientation” which will give each property greater autonomy, as well as creating a “lean, independent” head office structure.Glatz-Kremsner explained that the business had been badly hit by the novel coronavirus (Covid-19) pandemic, which shuttered the venues from 16 March. The properties reopened their doors to customers from 29 May.“Like many other companies, Casinos Austria was massively affected by the coronavirus crisis, which made it necessary for the management, supervisory board and owners to act quickly and responsibly; particularly because the expected consequences of Covid-19 will also present us with great difficulties in the near future,” she said.“But even before the coronavirus crisis, there was a clear need for action due to changing conditions in our casinos and also at our headquarters, not least because of the smoking ban.”Austria banned smoking in public places from 1 November last year.The plan is supported by Casinos Austria’s majority shareholder Sazka Group, which completed a deal to take its stake in the operator to 55.48% in June this year. It jointly manages the business alongside the Austrian state’s investment arm, Österreichische Beteiligungs (ÖBAG), through an agreement struck in March.“It’s not about politics or the nationality of the shareholders, and it’s not about maximising profits,” Sazka chief executive Robert Chvatal said. “Restructuring is about avoiding future losses. It’s about rescuing a company that finds itself in an extraordinarily difficult situation due to its structure and a changing world.“We do not want to sell casinos, but we want to make them fit for the future,” he continued. “We support the ReFIT recommendation from the team of experts led by Bettina Glatz-Kremsner, who worked hard on this plan for several weeks.”Chvatal described the plan as being based on “facts, figures and great judgement”, and said it would save 1,200 jobs across the business.ÖBAG board member Thomas Schmid added that his company had been particularly focused on preserving as many jobs as possible, and keeping all 12 casinos open for business.“Management has assured us that in view of the major challenges facing [Casinos Austria, the restructuring of the company is essential,” he explained. “Only by implementing the proposed measures can the company remain successful.“Casinos Austria is an important company in ÖBAG’s portfolio, and as a major tourism leader and taxpayer, the company makes a significant contribution to Austria as a business location. The long-term increase in the value of the investment – as well as player protection – are central cornerstones of a successful corporate strategy for Casinos Austria.”With the ReFIT plan approved by the supervisory board, efforts to implement its terms are now underway. This will see internal project and working groups formed to fulfil this, and tasked with exploring further opportunities for additional efficiencies and savings.Discussions will also begin with employee representatives over potential layoffs.“It is important to us to implement the planned measures in a socially acceptable manner and with the involvement of the works council,” Schmid said.Glatz-Kremsner admitted that the coming weeks would be “challenging and difficult”.“However, if the present concept is successfully implemented, not only will the company be stronger and more successful than it has ever been, but the outstanding position of Casinos Austria and the jobs associated with it will also be secured,” she said.“The employees are doing an excellent job and have always proved in the past that they are prepared to act for the good of the company.” center_img The supervisory board of Casinos Austria has approved a proposal from the business’ management team for a far-reaching restructuring plan through which it aims to reduce costs by more than €40m, but which will see its employee headcount significantly reduced. Casino & games Topics: Casino & games People Strategy Email Addresslast_img read more

Treasure Mania by Evoplay Entertainment

first_imgMake sure to search hard, because as well as hidden bags of gold, Warf could discover wild trains that boost players’ winnings by up to x700! Deep in the perilous badlands of the West, a hardworking dwarf named Warf mines away for buried treasure. Subscribe to the iGaming newsletter Game type:3D video slotGo-live ate (expected):22/12/2020Game special features:MYSTERY SYMBOLSWhen the mystery symbol lands on the reels, it opens and reveals any paying symbol.WILD TRAINThe first wild train may appear on the middle reel after any loose spin. If the wild train does not form any winning combinations on the middle reel, then one more wild train appears on the random reel.DWARF AND GOBLINThe simultaneous appearance of the bonus dwarf and bonus goblin symbols activates the bonus mine.BONUS GAMETravel through the tunnels, collect loot and try to catch the goblin. The reward for a goblin is x500 total bet.Number of paylines:20Number of reels:5RTP% (recorded/theoretical):96.00%Variance/volatility:Low/highNumber of symbols to trigger feature/bonus?2Can feature be retriggered?YesNumber of free spins awarded?No free spins, but bonus game is availableStacked or expanding wilds in normal play?There is an event with stacked wilds in normal playStacked or expanding wilds in feature play?NoNumber of jackpot tiers?n/aAuto-play function?Yes Join Warf for an epic adventure in Treasure Mania and help him in his quest for untold riches! AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Slots The hunt for the juiciest prizes starts when Warf goes to the cave to catch the robber and reclaim what is his. Along the way, he discovers that opening the right doors in the tunnel could bring additional bonuses, including stones, coins, jewellery and other tools, worth up to x1,000! Topics: Casino & games Slots Companies: Evoplay Entertainment You can play a demo of this slot here! But be warned, Warf must also keep his eyes peeled for the mine’s second inhabitant – Roblin, a jealous, greedy goblin who wants to steal Warf’s hard-earned treasure. Treasure Mania by Evoplay Entertainment 14th December 2020 | By Aaron Noy Email Addresslast_img read more

Bally’s CEO on M&A, sports betting… and Gamesys

first_img Topics: Casino & games Sports betting Strategy Land-based casino Online sports betting Retail sports betting M&A Management At the start of it all was a greyhound track. Lincoln Park in Rhode Island, then owned by a British company trading under the Wembley brand, was acquired by an investment consortium in 2005, followed by a deal for Colorado’s horse racing track Arpahoe Park later that year.  Regions: US “The Fox Go application, which has more than 30m subscribers, will be rebranded as Bally Sport as part of this. That is going to be significant in reducing acquisition costs. None of that is being limited by the closing of the Bet.Works transaction.” 1st April 2021 | By Robin Harrison But it’s the potential deal to acquire Gamesys that stands above everything else. It would bring together a business with a thriving and diversified igaming operation, with Bally’s sports betting and brick-and-mortar assets.  Chapter 11 bankruptcy followed in 2009, before Twin River Worldwide Holdings emerged from that process. It was not until 2014, with the acquisition of Hard Rock Biloxi, that the business operated more than one casino.  “All the interactive assets will fall into that division, so all of those, including Gamesys, will fall under that silo.” “With dynamic management and a strong access footprint, a vertically integrated approach to igaming makes a lot of commercial sense,” he continued. “Equally, Gamesys was one of the few listed gambling companies with US exposure that was not enjoying much (if any) of the hype premium: the valuation is therefore attractive too.” “The renaming is underway as we speak,” Papanier says. “You’ll see the roll-out of that with the start of the baseball season, so you’ll see all the rebranding and signage changes, from Fox Sports to Bally’s.  Casino & games Papanier is limited on what he can say, as an announcement of ongoing talks, under Rule 2.4 of the UK Takeover Code has been made. It won’t be until an announcement under Rule 2.7, announcing a firm intention to go forward with the deal, that the full plan can be set out.  Bally’s Corporation has gone from a single asset operator to a nationwide US brand in just seven years, and is on the cusp of agreeing what could be the deal of the year. Chief executive George Papanier discusses a flurry of activity that has taken the business formerly known as Twin River to the pinnacle of the industry. The restructuring will most likely take place in June, when the Indiana Gaming Commission holds its next meeting. Once the Bet.Works deal is approved by the regulator, Papanier is confident that the transaction can be closed “almost instantaneously”.  AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Tags: Bally’s Corporation Monkey Knife Fight Bet.Works Sinclair Broadcast Group Gamesys SportCaller Seven years on the business now known as Bally’s Corporation maintains a network of 15 casinos across 11 US states, with a database of 15 million players. It can offer sports betting in 13 states. “I was privileged enough to ride the wave of casino expansion in the US, and now I get to participate in a complementary wave of expansion through igaming and sports betting,” he explains.  “The Virgin brand is also present and moderately successful in New Jersey. In this context, what Gamesys can bring to the developing US igaming market is as clear as it is attractive. Bally’s also fixes Gamesys’s tardy US state access situation. The structure for the combined business is already in place. When Bally’s announced its $125m deal for Bet.Works, it outlined plans to split the business into brick-and-mortar and interactive divisions. This will see Papanier manage the land-based portfolio and Bet.Works founder and CEO David Wang become chief executive of the newly minted Bally’s Interactive arm.  Through a wide-ranging partnership with Sinclair Broadcast Group, there will be a network of regional sports networks under its brand. Customer acquisition and retention will be aided further by its acquisition of daily fantasy operator Monkey Knife Fight, and free-to-play sports specialist SportCaller. This will see its regional sports networks, previously under the Fox Sports brand, rebranded as Bally Sports.  “We’re going to continue to be opportunistic,” Papanier continues. “We’ll prioritise access to sports betting and igaming, both via brick-and-mortar and through open agreements, but we’re always going to look for complementary technologies and platforms for igaming, such as the Gamesys deal.  After all, he says, the business has changed beyond recognition from the one he joined as chief operating officer in 2004. Now with 15 casinos in 11 states, plus robust betting and igaming operations, and with the potential to be one of the first operators to offer a truly omni-channel product range. While brick-and-mortar remains his “wheelhouse”, Papanier says his position on the board will allow him to participate “in an intimate role” as Bally’s expands online. And he’s certainly keen to keep that engagement going.  While this means a proprietary sportsbook, under the Bally Bets brand, will not go live until the second half of the year, there will be no knock-on effect to the partnership with Sinclair Broadcast. “We’ll also look for more deals similar to Monkey Knife Fight and SportCaller, so wherever that takes us, that will be our motivation.” And this won’t be limited to sports betting. While the pace of regulation and market openings are outpacing those of igaming, Papanier is confident online casino will catch up, especially in the post-Covid world. States are going to be looking for new revenue sources, and opportunities to generate additional revenue, he says, which makes igaming a natural progression from sports betting.  “I’m really proud to have participated in that transformation in the company in such a short space of time,” Papanier says. Nor are these deals likely to slow Bally’s M&A drive, he adds.  Subscribe to the iGaming newsletter Bally’s CEO on M&A, sports betting… and Gamesys “Gamesys is one of the small handful of online gaming businesses which have successfully penetrated the mass market segment; it also has its own technology and has demonstrated that it can work successfully with big grown-up brands,” Regulus Partners’ Paul Leyland wrote of the deal.  However, he tells iGB the land-based and interactive structure announced in the wake of Bet.Works will be implemented: “We will initiate that structure once we close on the Bet.Works deal, which is slated to close in Q2, and that structure will remain in place,” he says.  It’s also aiming to pioneer what it describes as a B2B2C model, running supplier and customer-facing businesses in tandem, through its acquisition of Bet.Works. All of these elements could be considered transformational.  This will see Gamesys chief executive Lee Fenton take charge of the combined entity, per the agreement announced in March. The Jackpotjoy operator’s founders and executives have already announced they will back the deal, with Robeson Reeves also taking up an executive role, and two directors joining the Bally’s board.  Email Addresslast_img read more

BtoBet acquisition drives revenue and profit up at Aspire Global in Q1

first_img“We see tremendous growth opportunities for Aspire Global,” Maimon said. “With our complete igaming offering, we will target both new customers and broaden our presence with existing partners.  Turning attention to spending and operating costs for Q1 were up by 38.7% to €38.0m, as Aspire reported higher costs across distribution, gaming and administrative activities.  BtoBet acquisition drives revenue and profit up at Aspire Global in Q1 However, this did not stop earnings before interest, tax, depreciation and amortisation (EBITDA) rising 65.4% to €8.6m. When taking into account depreciation and amortisation costs of €2.0m, operating profit was €6.5m, up 66.7% on last year. Looking at B2C performance and revenue here also climbed 43.3% to a record €15.7m for the quarter. Aspire put this increase down to significant marketing spend to promote the launch of its new Griffon brand, as well as material investments in the UK market. Subscribe to the iGaming newsletter “The acquisition of BtoBet and its proprietary sportsbook has created an offering that covers the main elements of the B2B igaming value chain and gives Aspire Global control of the IP in the full value chain.  “We have recently accomplished the integration of BtoBet’s sportsbook to Aspire Core’s cutting-edge technology platform. This, in combination with Pariplay’s leading game offering, provides Aspire Global with crucial competitive advantages.” 5th May 2021 | By Robert Fletcher Aspire Global reported growth across all segments during the quarter, with B2B revenue up 42.2% year-on-year to €32.3m, excluding inter-segment revenue. The supplier put this down to good business momentum and the impact of the BtoBet acquisition, which was finalised in October of last year. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Q1 results 2021 Profit before tax climbed 139.3% to €6.7m and after paying €567,000 in tax, this left a net profit of €6.1m, up 144.0% year-on-year. Aspire noted a €111,000 loss from its share in associated companies, which meant it ended the quarter with a net comprehensive profit of €6.0m, an increase of 150.0% on Q1 of 2020. Email Address Aspire Global reported a year-on-year in revenue and net profit during the first quarter of its financial year, helped by the acquisition of sportsbook provider BtoBet in late 2020. The supplier also noted growth within its Aspire Core B2B sub-segment, with revenue rising 26.0% to €26.8m. Aspire unveiled the new Aspire Core gaming platform brand in February this year, following the acquisitions of BtoBet last year and Pariplay in 2019. Nordics revenue declined by 20.0% year-on-year to €3.6m, but Aspire was able to record a 256.3% rise in rest of world revenue to €5.7m, which it said reflected the group’s geographic expansion plans and the consolidation of BtoBet. Revenue for the three months to 31 March totalled €48.1m (£41.5m/$57.8m), a record for the supplier and an increase of 42.6% from €33.7m in the same period last year. This was also 8.4% higher than the €44.4m it made in the final quarter of 2020, which was the previous high. Q1 results 2021 “We remain confident in our ability to deliver on our 2021 financial targets and are truly excited by Aspire Global’s future prospects.” Tags: Revenue Aspire Global BtoBet Profit In terms of geographical performance, the majority of revenue was generated from Aspire’s rest of Europe operations, comprising European revenue from outside the UK, Ireland and Nordic countries, with revenue here rising 12.9% to €24.5m. UK and Irish revenue was also up 142.4% to €14.3m, driven by good development in all segments. “We have proven our ability to gain tier 1 operators as customers with names such as Rush Street Interactive, Betfair, William Hill and 888casino. The strategy to grow in regulated markets is proven efficient, and we will continue to licence our offering in more regulated markets and enter new markets. “Growth was particularly strong in the UK and Ireland in both the casino and sports verticals,” Aspire chief executive Tsachi Maimon said. “The solid growth in the quarter is particularly impressive, given that the first quarter is historically the weakest of the year.last_img read more

Silva International acquires majority stake in Globe Soccer

first_img Previous articleYonex strings to power aces at Australian OpenNext articleChelsea announces record revenue for FY ending 2016-17 Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. WTC Finals on Facebook: ICC & Facebook partner to bring exclusive content from the World Test Championship final between India and New Zealand Cricket Football FootballLatest Sports NewsSports BusinessNewsSport Facebook Twitter Cricket TAGSGLOBE SOCCERGLOBE SOCCER AWARDS DUBAI 2017SILVA INTERNATIONAL SHARE by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSuresh Raina issues statement after arrest, says the incident in Mumbai was ‘unintentional’UndoIPL 2020 : Srikanth and fans slams MS Dhoni, says ‘wasted 15 Cr on Jadhav & Chawla’UndoShahid Afridi’s daughter Aqsa to marry Pakistan quick Shaheen AfridiUndoWorking in close collaboration with the Dubai Sports Council, Tommaso Bendoni of Bendoni Consulting will continue to lead the organization of the awards and remain a minority shareholder. Awards candidates will continue to be chosen by the Globe Soccer jury, which includes international footballing coaches, directors and senior officials from the game.Responding to the announcement, Tommaso Bendoni said that “this partnership with Silva International Investments is the best possible fit for Globe Soccer as it looks to the future. With the Dubai Sports Council’s ever-enthusiastic support over the last nine years, Globe Soccer has become a fixture in the football calendar, celebrating the most prestigious talent in the game.“On the eve of the 2018 World Cup, Dubai has opened its doors to football to build bridges with every country through this magnificent sport. With great events coming up like the Expo and our own star-studded awards gala in December, Globe Soccer and the Emirates are ready to take our place in the new football world. Our partnership with Silva International means we can take Globe Soccer beyond the Gulf to other emerging football nations and we plan to celebrate our 10th anniversary next year with special events in China and the USA. Riccardo Silva and his team have the drive, the talent and the international experience to get us to the next level and we couldn’t be more excited to have them on board.”The London-headquartered Silva International Investments is a global investment company based in London. It has investments in a range of companies across media, sport, fashion, technology and real estate. Football RELATED ARTICLESMORE FROM AUTHOR Euro 2020, Italy vs Wales LIVE: Gareth Bale issues warning for Italy ahead of crucial fixture – Follow Live Updates F1 French GP 2021 Live: Max Verstappen vs Lewis Hamilton today at 6:30 pm — Follow Live Updates Euro 2020, Italy vs Wales LIVE: Gareth Bale and Co face do-or-die clash; Italy eye third consecutive win; Follow Live Updates, Silva International Investments has announced that it has acquired a majority stake in Globe Soccer, the company which organizes and owns the rights of the annual Globe Soccer Awards in Dubai. Since the establishment of the Awards in 2010, the event has become one of the most eagerly anticipated and coveted football awards ceremony.Silva International has announced the partnership in a media release. “Silva International is delighted to invest in Globe Soccer. The Globe Soccer Awards are renowned in soccer and sports circles as one of the most high-profile awards ceremonies in the sporting calendar. The Dubai Sports Council and Tommaso Bendoni deserve great credit for putting this fabulous event together and we look forward to working with them. We are confident that our investment as well as our expertise across the worlds of sport, media, and entertainment, can make the Globe Soccer Awards an even better event in the years ahead,” the investment company CEO Marco Auletta stated in the release. 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