888 expects to surpass earnings expectations for 2020

first_img Tags: Card Rooms and Poker Online Gambling AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 888 expects to surpass earnings expectations for 2020 26th June 2020 | By contenteditor Topics: Casino & games Finance Sports betting Poker Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business.Though 888 is yet to publish its results for the first quarter, an update released on 24 March showed that the operator traded well in the period, and the operator claims this continued in the period from the end of March to 23 June.Average daily revenue for the entire year-to-date to 23 June was up 34% compared to 2019, which 888 said reflected higher levels of customer acquisition during the second half of 2019 across several regulated markets.The operator said it also benefited from a structural shift towards online services that accelerated across several consumer-facing verticals in recent months, due in part to the shutdown of land-based gambling as a result of the pandemic.888 noted a particularly encouraging performance within its poker business, and while sports betting was hit by the cancellation of events due to Covid-19, it saw a better-than-expected customer reaction to the return of competitions in recent weeks. During June so far, the sports revenue run-rate was ahead of June 2019.However, 888 also said it was mindful of possible headwinds in the second half of 2020 including the potential for a period of prolonged global macro-economic uncertainty that could impact consumers’ spending on its products.Despite this, the 888 board said it is confident the operator will “significantly” surpass its EBITDA expectations for the full year“We are pleased with 888’s trading during the year to date which has resulted in the board now anticipating that adjusted EBITDA for 2020 will be significantly ahead of its prior expectations,” 888’s chief executive Itai Pazner (pictured) said.“This performance builds on 888’s strong customer acquisition during 2019 and our continued focus during recent years on entertaining a greater number of recreational customers.”Pazner also noted that 888 is now in the early phases of enabling some teams to return to its offices, with a number of new guidelines and measures in place to help protect all workers.“Our global teams have demonstrated fantastic flexibility and commitment as they have had to adapt to new ways of working over recent months,” he said.“888 is well positioned to continue to benefit from a potential long-term shift towards online services that we have seen accelerate across several consumer industries during the Covid-19 pandemic.”The trading update comes after 888 in April revealed that revenue increased to a record high of $560.3m (£451.6m/€499.6m) in 2019, but profits fell as gaming taxes and other expenses increased.Revenue was up 5.7% year-on-year, with 888 saying revenue from regulated and taxed markets represented a record $414.6m of this total in 2019.center_img Subscribe to the iGaming newsletter Casino & games Online gambling operator 888 Holdings has said it expects to post higher-than-forecast earnings before interest, tax, depreciation and amortisation (EBITDA) for the 2020 calendar year, despite the impact of the novel coronavirus (Covid-19) pandemic on its business. Email Addresslast_img read more

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Strong digital growth helps Lotto NZ beat FY projections

first_imgRevenue for the year – after goods and services tax – amounted to NZ$1.31bn (£672.1m/€742.3m/US$871.3m), up 12.9% on the previous year and ahead of Lotto NZ’s $1.19bn projection for the period. Full year results 2020 Sales for the year to 30 June rose 17.0% to $1.38bn, beating the lottery’s target by 12.2%. As a result, this left Lotto NZ with a $20.1m profit for the year, having not been able to post a profit in the previous 12-month period.  “This has delivered performance that is significantly ahead of both MyLotto sales and player targets for the year.” Looking at outgoings for the year, total expenses edged up 1.7% to $70.6m, though spending was reduced in some areas, including marketing and retail support, where costs were cut by 16.6% to $20.6m. Lotto, Powerball and Strike sales amounted to $1.17bn, up 23.0% on 2018-19, which Lotto NZ put down to higher sales activity driven by two high Powerball jackpots during the year. Gaming system expenses, excluding depreciation, was cut from $7.5m to $7.2m, but intangible asset amortisation was 3.3% higher at $3.1m. Property, plant and equipment depreciation charges climbed 29.6% to $7.0m, and employee remuneration increased 20.6% to $19.9m. However, Instant Kiwi sales were down 4.4% to $166.2m, due to reduced retail trading as a result of the Covid-19 crisis, while other sales were also hit by the pandemic, with sales for Keno, Bullseye and Play3 down 3.0% to $49.3m. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Topics: Finance Lottery Full year results 2020 Online lottery Retail lottery State monopoly The New Zealand Lottery Commission (Lotto NZ) was able to surpass expectations and post a profit during its 2019-20 fiscal year, with a strong digital performance offsetting the impact of novel coronavirus (Covid-19) on retail sales. “We have continued to drive demand for our games in order to deliver positive results in the short term,” Lotto NZ said. “This is reflected in the strong financial sales performance experienced during the year, despite the impact of the Covid-19 Alert Level 4 lockdown on retail sales.” Tags: Finance Lotto NZcenter_img Despite the retail shut-down, the channel remained Lotto NZ’s main source of income in 2019-20, with total sales reaching $953.8m, up 0.6% on last year, but below its target of $984.4m as a result of Covid-19 restrictions closing retail outlets. Regions: New Zealand Strong digital growth helps Lotto NZ beat FY projections Profit before distributions to the NZ Lottery Grants Board amounted to $333.5m, up 27.7% on the previous year, with Lotto NZ paying $313.4m to the Board in 2019-19. Confirmation of growth in 2019-20 comes after Lotto NZ in July warned of an possible decline in sales in 2020-21, having taken what it described as a “conservative” approach to setting out its expectations for the year due to uncertainty over the long-term impact of Covid-19. 28th October 2020 | By Robert Fletcher Sales are expected to amount to NZ$1.23bn in the coming year, which would be 6.1% lower than 2019-29, while the amount to be paid to the Lottery Grants Board is set to be around 10.7% lower at $280.0m. Cost of sales climbed by 15.6% year-on-year to $907.5m, leaving Lotto NZ with a gross profit of $404.1m, up 20.1% on last year. Subscribe to the iGaming newsletter Digital sales amounted to $430.6m, an increase of 89.2% on last year and some way ahead of the $270.2m target, as Lotto NZ’s platforms saw more traffic as a result of retail closure enforced by Covid-19. “While many players returned to playing in retail after the lockdown, we saw a large proportion continue to engage with us through both channels reflecting the importance of an omni-channel approach,” Lotto NZ said. Email Addresslast_img read more

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Wonderland Wilds by Stakelogic

first_img Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Go-live date (expected):25/02/2021Game special features:-Pick & click -Free spins -Super Stake -Gamble featureNumber of paylines:20Number of reels:5 reels, 3 rowsRTP% (recorded/theoretical):95.6% (With Super Stake 95.6%)Variance/volatility:3/5 (With Super Stake 4/5)Number of symbols to trigger feature/bonus?3Number of free spins awarded?6-10Stacked or expanding wilds in feature play?YesNumber of jackpot tiers?NoAuto-play function?Yes 9th February 2021 | By Aaron Noy Slots Leap through the rabbit hole and journey to the magical Wonderland Wilds. center_img Topics: Casino & games Slots Wonderland Wilds by Stakelogic Subscribe to the iGaming newsletter Enjoy a free spins picnic through the looking glass, where all kinds of random bonuses await. On the bonus buffet menu: sticky, added and transformed wild symbols; stacked symbols; a double win multiplier or even more free spins. Activate Super Stake to enjoy more bonuses during free spins – have fun and don’t be too late!last_img read more

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Churchill Downs to sell Illinois’ Arlington Racecourse site

first_img24th February 2021 | By Daniel O’Boyle Horse racing Image: Marswilsalc THe operator, however, said it remains committed to running Arlington’s 2021 racing calendar, which lasts until 25 September. It said it does not expect the sale to close before this date, nor does it expect the sale to impact the schedule in any other way. Churchill Downs Incorporated has launched the process to sell the Arlington International Racecourse in Arlington Heights, Illinois, with plans for the new owner to redevelop the site. Subscribe to the iGaming newsletter Regions: US Illinois Read the full story on iGB North America Real estate business Coldwell Banker Richard Ellis (CBRE) will market the property to new developers. Topics: Finance Sports betting Horse racing Churchill Downs Incorporated chief executive Bill Carstanjen said the racecourse’s location should make it an attractive property site for buyers. Tags: Churchill Downs Bill Carstanjen Churchill Downs to sell Illinois’ Arlington Racecourse site AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more

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SoftSwiss affiliate platform Affilka expands to sports betting

first_img Affilka, the affiliate marketing platform developed by SoftSwiss, has debuted its new service designed specifically for sportsbooks. Marketing & affiliates As well as player activities such as visits, registrations and first deposits, Affilka now also collects multiple data points on sports betting activities such as bets, cancelled bets, wins, GGR and bonuses. 25th February 2021 | By Richard Mulligan The module includes an upgraded API, which enables raw data collection on multiple player activities within sportsbook solutions from igaming brands. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter “The sports betting industry is developing at an exceptionally rapid pace. More and more of our customers who operate online casinos are expanding by establishing sportsbook solutions. Subscribe to the iGaming newsletter Email Address “We couldn’t stand aside, therefore we decided to offer our current and future clients a new option that expands opportunities and helps to increase their efficiency.” A spokesperson added: “In terms of revenue share deals, sportsbook operators can share a percentage of their net revenue with their partners. The percentage of revenue payable to affiliates may be fixed or may be defined by various performance tiers.” SoftSwiss added that significant improvements have been made to the commission constructor for CPA and RevShare deals within sportsbook projects. Tags: Affiliates SoftSwiss Affilka Anastasia Borovaya, Affilka product owner at SoftSwiss, said: “We’re excited to be launching this new module for the sports betting industry and therefore expanding our services to more exciting new projects. Topics: Marketing & affiliates SoftSwiss affiliate platform Affilka expands to sports betting The developer said the new service, which builds on the existing online casino package, is a response to an increasing number of gaming operators broadening their offering to include betting.last_img read more

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Kindred repurchases 138,000 shares as buy-back programme continues

first_img Topics: Finance Kindred repurchases 138,000 shares as buy-back programme continues Subscribe to the iGaming newsletter 15th March 2021 | By Robert Fletcher Announced in February, the initiative will see the operator repurchase up to 2,000,000 of its own shares for as much as SEK190m (£16.0m/€18.7m/$22.3m). Share repurchases as part of the initiative are being made on Sweden’s Nasdaq Stockholm, with the operator permitted to spend up to SEK190m. Following the programme, Kindred said it intends to cancel the repurchased shares, subject to approval at its annual general meeting in May. Tags: Kindred Group AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Since the programme launched in 1 March, Kindred has repurchased a total of 842,000. Finance In its latest round of repurchasing, which ran from 8-12 March, Kindred bought back 138,000 shares fro SEK18.6m. Kindred Group has repurchased a further 138,000 shares as part of a buy-back programme that is due to run until the end of April. Regions: Sweden Email Addresslast_img read more

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DraftKings to fund new responsible gambling research with ICRG grant

first_imgThe Fund was created by the ICRG to further research into responsible sports betting practices in the United States. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address With DraftKings’ contribution, the ICRG will be able to accept applications from academic researchers who wish to investigate the differences between sports wagering and other forms of gaming, how responsible gaming programs have evolved, and how problem gambling experiences differ across demographics. Topics: Social responsibility Problem gambling Responsible gambling Sports betting operator DraftKings has announced that it will provide a financial contribution to the International Center for Responsible Gaming’s (ICRG) Fund to Support Research on Sports Wagering. Problem gambling Read the full story on iGB North America. DraftKings to fund new responsible gambling research with ICRG grant 24th May 2021 | By Marese O’Hagan Subscribe to the iGaming newsletter Tags: DraftKings Regions: USlast_img read more

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One Championships launches Asia’s biggest eSports series, $50 mn to be…

first_img WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs One Championships launches Asia’s biggest eSports series, $50 mn to be invested Cricket Share on Facebook Tweet on Twitter Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father YourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredDefinitionTime Was Not Kind To These 28 CelebritiesDefinition|SponsoredSponsoredPost FunThese Twins Were Named “Most Beautiful In The World,” Wait Until You See Them TodayPost Fun|SponsoredSponsoredDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny|SponsoredSponsoredMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory|SponsoredSponsoredDefinitionWhat ‘Harry Potter’ Characters Were Actually Supposed To Look LikeDefinition|SponsoredSponsored Latest Sports News Largest global sports media property in Asian history ONE Championship™ (ONE) has officially launched ONE eSports, Asia’s largest global eSports Championship Series. ONE Championship and Dentsu Inc., Japan’s largest global advertising agency, have agreed to launch ONE eSports as a joint venture together in 2019. Razer, Singtel, and other top industry players have also entered into partnership MOUs with ONE eSports to lead Asia’s eSports industry together.ONE Championship intends to lead a plan to invest up to US$50 million alongside other key partners into ONE eSports to create Asia’s largest global eSports Championship Series.  ONE eSports will feature multiple blockbuster game titles across Asia and hold a number of eSports events held alongside ONE Championship martial arts events in 2019. Earlier this year, ONE Championship announced a 30-event schedule for 2019 for its global scale martial arts events across iconic Asian cities including Singapore, Bangkok, Tokyo, Seoul, Jakarta, Shanghai, Beijing, Manila, Kuala Lumpur, Ho Chi Minh City, and many other cities. ONE eSports will piggyback off this master event schedule in select cities.  In addition, ONE eSports will also produce and broadcast dedicated eSports content in the form of live event broadcasts, documentaries, reality shows, weekly magazine shows, highlights, video blogs, and other unique content across its global media broadcast platform in 138 countries. Also, recently-signed ONE Championship athlete and pound-for-pound mixed martial arts king Demetrious “Mighty Mouse” Johnson will help to lead the ONE eSports efforts as its Chief Brand Ambassador; he is a lifelong gamer and well-known Twitch streamer with a rabid following. Latest Sports News TAGSeSportsOne ChampionshipONE eSports SHARE Football Cricket Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive Previous articleFIFA Women’s World Cup 2019: 150,000 tickets sold since launchNext articleSports Sponsorship: ICC takes Uber ride for maiden Women’s World T20 Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Tokyo Olympics: Organisers mulls to allow 20,000 fans for Tokyo 2020 Opening ceremony Happy Father’s Day: Nostalgic Sachin Tendulkar shares a special item that belonged to his father; Check video Latest Sports News Latest Sports NewsSport Cricket Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look WTC Final LIVE Day 3: Good news, rain unlikely throughout Day 3 as India look to take charge against New Zealand by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeE! OnlineTLC’s So Freaking Cheap Takes Penny-Pinching to the ExtremeE! OnlineGrammarlyAvoid Grammatical Errors with This Helpful Browser ExtensionGrammarly24/7 SportsIt’s Amazing To See How These NBA Stars Have Changed Since College24/7 SportsAlso Read: Basketball legends Jordan, Johnson eye esports investmentChatri Sityodtong, Chairman and CEO of ONE Championship, stated: “It is with great excitement that I announce ONE eSports, Asia’s largest global eSports Championship Series. We see a natural crossover between martial arts and gaming fans in Asia and an opportunity to bring them together under Asia’s home of millennial live sports. ONE Championship is committed to bringing its same brand of large-scale event production and live broadcast capabilities, unique world-class content production, global media distribution, storytelling expertise, and marketing experience to ONE eSports. Our mission is to celebrate Asia’s eSports heroes on the global stage. The establishment of ONE eSports transforms ONE Championship into Asia’s largest producer of millennial sports content.”While ONE eSports will showcase blockbuster game titles from around the world, Dentsu is the dedicated marketing partner of the Japan eSports Union (JeSU) and will be responsible for harvesting Japanese game developers’ desire to expand in eSports across Asia via ONE eSports. Dentsu will also help to lead ONE eSports’ efforts to hold events across Japan. In addition, ONE eSports will also leverage Dentsu and Dentsu Aegis as its preferred marketing agencies for strategic marketing formulation and sponsorships around the world.Shuntaro Tanaka, Director, Content Business Design Center of Dentsu, stated: “We are pleased to announce this partnership with ONE Championship as we look to further develop the rapidly growing eSports industry in Japan and the rest of Asia. We recognize good synergy between martial arts and eSports, making this a fantastic opportunity for both ONE Championship and Dentsu to participate in this growing segment in Asia, as well as leverage multiple content platforms for additional sales and business opportunities. ONE Championship has been a terrific partner and Dentsu is happy to move forward with ONE in this eSports venture.”ONE eSports will also work with Razer, the world’s leading lifestyle brand for gamers, to leverage its ecosystem of hardware, software, and services in the following manner:Razer will provide its expertise and leadership as a pioneer in the eSports industry to develop, manage, and organize an eSports tournament or series in partnership with ONE eSports.eSports Mogul, a Razer portfolio company, will provide the technical know-how and innovation for the development of an online platform to organize, manage, and stage online eSports events and tournaments.Razer Pay will serve as the payment platform for the ticketing of ONE eSports tournaments, as well as for the online sale of related merchandise and content.ONE eSports and Razer will explore joint marketing opportunities using Team Razer eSports athletes as well as ONE Championship athletes to drive communication and engagement to all martial arts fans and gamers across Asia.Min-Liang Tan, Co-Founder and CEO of Razer, stated: “Like Razer, ONE Championship is at the forefront of a new digital entertainment revolution that delivers the sporting content that millennials hunger for, whether online or offline. This partnership will see us combining our respective areas of expertise and deliver unmatched cross-boundary experiences to our fans.”ONE eSports will also explore working with the Singtel Group, Asia’s leading communications technology group with a combined mobile customer base of over 700 million. The collaboration across Singapore, Australia, Indonesia, Thailand, Philippines and India will potentially include joint eSports marketing efforts, production and distribution of eSports content through the Singtel Group’s platforms, telco data bundle plans and online and offline payment services through direct carrier billing and telco wallets. This is an extension of ONE Championship’s ongoing collaboration with the Singtel Group in mixed martial arts events.Arthur Lang, CEO International of Singtel, said, “We have had a great partnership with ONE Championship since the joint launch of its app in May this year and other marketing collaborations across our regional footprint. We are pleased to take this collaboration into eSports. With the success of our PVP Esports Championship in October, we look to further engage with the gaming community through this partnership and increase our involvement in eSports.”Also Read: One Championship capital goes past $250m with Series D investment Cricket ICC WTC Final: Ravichandran Ashwin reveals when he plans to retire from cricket Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive Cricket By Kunal Dhyani – November 9, 2018 RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter Cricket India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life last_img read more

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African Sun Limited 2001 Annual Report

first_imgAfrican Sun Limited (ASUN.zw) listed on the Zimbabwe Stock Exchange under the Tourism sector has released it’s 2001 annual report.For more information about African Sun Limited (ASUN.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the African Sun Limited (ASUN.zw) company page on AfricanFinancials.Document: African Sun Limited (ASUN.zw)  2001 annual report.Company ProfileAfrican Sun Limited is a hospitality management company that is involved in the running of hotels, resorts, casinos and timeshare operations in Zimbabwe and South Africa. It operates through four divisions; Hotels Under Management, Hotels Under Franchise, Owner-managed Hotels and the Victoria Falls Hotel Partnership. Established in 1968 as Zimbabwe Sun Limited, the company has grown in stature to include Legacy Hospitality Management Services Limited which manages five hotels, and the InterContinental Hotels Group. Prestigious hotel brands in African Sun Limited’s expansive portfolio include The Victoria Falls Hotel, Holiday Inn, Great Zimbabwe Hotel and The Caribbea Bay Resort. African Sun Limited is a constituent of the Zimbabwe Industrial Index. African Sun Limited is listed on the Zimbabwe Stock Exchangelast_img read more

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British American Tobacco Uganda (BATU.ug) 2003 Annual Report

first_imgBritish American Tobacco Uganda (BATU.ug) listed on the Uganda Securities Exchange under the Agricultural sector has released it’s 2003 annual report.For more information about British American Tobacco Uganda (BATU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Uganda (BATU.ug) company page on AfricanFinancials.Document: British American Tobacco Uganda (BATU.ug)  2003 annual report.Company ProfileBritish American Tobacco Uganda Limited (BAT Uganda) grows and processes tobacco in Uganda and sells cigarettes and other tobacco products to the local market and for export. Brands sold by BAT Uganda include Dunhill, Rex, Sportsman and Safari. Tobacco is grown in 13 districts in Uganda through a network of tobacco farmers. The raw tobacco is transported to the BAT Uganda green leaf threshing plant in Kampala where it is processed and packed for local and export cigarette consumption. BAT Uganda also exports tobacco leaves to cigarette manufacturers in Europe, Asia and other African countries. BAT Uganda is a subsidiary of British American Tobacco Investments Limited. British American Tobacco Uganda is listed on the Uganda Securities Exchangelast_img read more

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