Estoril-Sol Enjoys Revenue Jump EMEA
Revenues for Estoril Sol Group rose by over 200 per cent in the first half of this year compared to figures recorded in 2015
Te growth trend that started in 2015 has continued into 2016 with Estoril reporting a rise in revenue of 212.5 per cent
PORTUGAL CASINO OPERATIONS
UK – Clarion, which organises a portfolio of market leading business to business events in the international gaming industry, including ICE Totally Gaming (London), EiG (Berlin) and GiGse (San Francisco), has renewed its Global Partner agreement with Gaming Publishing, publishers of G3 magazine,
G3-247.com, G3Newswire and G3i.
The strategic partnership between the two organisations, which will see G3 supporting all of Clarion's events with advertising and editorial support, ensures G3’s strong presence at every Clarion event in the gaming space, including access to Clarion's guest speakers and content.
"Since signing the original agreement in 2014, G3’s commitment to support Clarion Gaming’s portfolio of global events has been unwavering and this renewal of our World Partner status with Clarion is testament to the strength of the relationship between our two organisations,” commented Gaming Publishing’s John Slattery. “We look forward to continuing to provide unrivalled coverage of the news, topics and industry leading content stimulated by Clarion’s business events, not only as part of this agreement, but due to the close ties enjoyed by Gaming Publishing and Clarion’s team.”
Kate Chambers, MD of the Gaming Division at Clarion Events, stated: "A key element of our business development strategy has been to work closely with the community of international gaming media. As our portfolio of events, exhibitions, conferences, training and affiliate brands continues to expand it is even more important to be able to work with respected media channels such as G3. John Slattery, Lewis Pek and the entire team at G3 are great supporters of what we are trying to achieve and share our vision for the development of the industry and helping gaming organisations, throughout the world to grow and flourish."
UK – Stride Gaming has completed the £70.2m acquisition of 8Ball and Netboost Media and Tarco Assets which will see Stride become the fourth largest online bingo player in the UK and the largest gaming operator in the UK who has its own proprietary software.
The acquisitions increase Stride Gaming’s market share of the UK bingo market from five to 10 per cent whilst expanding its multi-two to over 25 per cent (by number of bingo sites). Stride Gaming CEO Eitan Boyd said: “This has been an exceptional period for the Group and the completion of these acquisitions will see us continue to build critical scale and become the fourth largest online bingo operator in the UK and the largest operator who has its own proprietary software.”
P22 NEWSWIRE / INTERACTIVE /
247.COM
Portugal’s leading casino operator Estoril-Sol, the Portuguese branch of the Stanley Ho’s Group has reported that the net results of the Estoril Sol Group rose by as much as 212.5 per cent in the first half of this year.
Te company informed Te Portuguese Securities Market Commission that in the first half of 2016 that the group showed positive net results of €2.5m an increase of 212.5 per cent compared to €800,000 which were recorded in the same period last year.
Te statement went on to say that: “In the first half of 2016 EBITDA of the Group increased by 7.9 per cent and amounted to €14.9m.”
Te company stressed that “the growth trend of gambling revenue started in 2015 continued in the first half of 2016” and that “during the first six months of 2016 gross revenues of the Estoril Sol Group grew by 3.2 per cent and amounted to €90.9m.”
Te Group also said that it had made investments amounting to €1m in the first six
Evolution and iSoftbet team up for live studio at Casino Bucharest
Romania
Evolution Gaming has confirmed that it will launch a new, fully certified studio at the Grand Casino Bucharest, the first live gaming studio in Romania, in partnership with iSoftBet. Te Live Casino studio facility, scheduled to go live later this month, has been created behind-the-scenes on the level below the existing gaming floor in the casino.
Tis space was previously an extension of the gaming environment and is the first certified Live Casino studio to serve operators in the newly regulated Romanian market.
iSoftBet partnered with Evolution to serve their key clients with a state-of-the-art Live Casino service from the Grand Casino Bucharest live
months of 2016 and operating costs had increased by 2.2 per cent. Tis investment, the company said, was carried out in order to improve the entertainment and leisure offer and restaurants in the casinos.
“In a concerted effort to (achieve) financial stability and less dependence on third parties, the Group has successively reduced its bank debt, and this reduction results in a significant reduction of the financial burden borne by the Group. At the end of June 2016 the bank liabilities of the Group amounted to €49.6m.”
Group Estoril controls three of the existing 11 casinos in Portugal the Estoril, Lisboa and Póvo and holds a 64 per cent share in the bricks and mortar casino market. Te company has also recently expanded into Portugal’s online gaming sector.
In July
EstorilSolCasinos.pt went live and became the first licensed website to offer legal online casino in Portugal. Te platform is the result of a joint venture with GAMING1 the online expert and member of the Ardent Group.
studio, which will initially offer a selection of Evolution’s core games streamed live to players on desktop, tablet and smartphone.
Nir Elbaz, CEO of iSoftBet said: “Expansion in regulated markets is one of our key goals and our license in Romania with over 60 certified games is a true testament to that. Partnering with Evolution will allow us to sell a multi-product offering in the market. In light of Evolution’s Live Casino studio build and our regulatory experience, and given the world-class quality of their live games offering, they were the natural partners.”
James Stern, Director of Business Development and Land-based Sales at Evolution Gaming, commented: “Te studio location at Grand Casino is perfect. It is a prestigious resort-style venue well known to players in that market, which will add kudos to the new service and help to quickly build trust.”
Greece
Intralot has announced group revenues up 13.3 per cent in the second quarter of 2016 bringing first half revenues to a growth of 2.9 per cent. Te group reported significant EBITDA growth of 17.1 per cent in the second quarter, up 33.4 per cent on last the corresponding quarter in 2016. Te second quarter saw the merger of Intralot’s Italian activities with Gamenet completed. In Peru it reached an agreement with Nexus Group to sell 80 per cent of Intralot de Peru. It also completed the acquisition of a strategic stake in leading gaming company in Bulgaria, Eurobet. In August, it entered into discussions with Tatts for a potential sale of Intralot’s Australian and New Zealand businesses. Intralot Group CEO Antonios Kerastaris said: “We are particularly encouraged by high growth rates in mature markets such as the US as a clear sign of competitiveness gains and we are committed to further development in North America.”
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