SAZKA Posts 66% GGR Rise EMEA
SAZKA's financial results for the third quarter show consolidated gross gaming revenue increased by 66 per cent year-on-year to €769m.
In November, KKCG and SAZKA announced that Apollo Global will invest €500m in a newly formed holding company which will become the owner of SAZKA
CZECH REPUBLIC OPERATIONS
South Africa - EGT installs over 100 Generals Tsogo Sun Gaming, which operates casino and bingo sites in six South African provinces, has taken possession of 91 EGT machines for eight of its properties. The cabinets G 27-27 Up, G 27-27 St and G 32-32 VIP, equipped with the Gold Collection HD mix, are now part of the offerings at Western Cape’s Caledon Casino, Mykonos Casino in Langebaan, the Silverstar Casino at the foot of the Magaliesburg Mountains, the Gold Reef Casino in the heart of Johannesburg South, the Montecasino in Fourways, Blackrock Casino in Newcastle, the Golden Horse Casino located next to the Scottsville Racecourse and the Suncoast Casino in Durban.
In addition, 10 G 27-27 Up cabinets have been installed at Emperors Palace Casino, located near OR Tambo International airport in Johannesburg. The venue is owned and operated by Peermont Global, which has properties across South Africa and Botswana. All machines were delivered by EGT’s long-term distributor in the region – Custom Gaming Solutions, which has participated in the market for over 17 years.
“Tsogo Sun and Peermont Global have been loyal supporters of the EGT brand and the exceptional results from previous purchases made the decision to add the latest General series to their floors an easy one. With the latest technical developments included in this new product line, we know the G- series will be a success in the South African market,” shared Steve Diversi, Co-founder and Managing Director of Custom Gaming Solutions.
Netherlands - Casinos close until January Holland Casino closed its doors again due to a tightening of coronavirus restrictions in the Netherlands. The enforced closures came less than a month after the casinos reopened on November 19 after a two-week lockdown. All 14 branches of the state-owned casino operator in Amsterdam-West, Amsterdam Center, Utrecht, Rotterdam, Scheveningen, Zandvoort, Groningen, Leeuwarden, Nijmegen, Enschede, Valkenburg, Venlo, Eindhoven and Breda will be shuttered until January 19, 2021.
South Africa - Pronet expands Pronet Gaming has recruited Anthony Murphy to the role of Head of Commercial Account Management. He will help drive business revenues for its client
base as the company accelerates its expansion into multiple jurisdictions. Murphy, who has more than 13 years’ experience in the industry, having held both B2C and B2B positions with Sporting Group, will manage the provider’s portfolio of new and existing customers, with a focus on building longstanding relationships.
P12 NEWSWIRE / INTERACTIVE / MARKET DATA
SAZKA's financial results for the third quarter show consolidated gross gaming revenue increased by 66 per cent year-on-year to €769m. Consolidated operating EBITDA increased by 37 per cent year-on-year to €197m. Consolidated adjusted EBITDA, which excludes certain one-off items, increased by 32 per cent year-on-year to €207m. Consolidated profit after tax decreased by 33 per cent year- on-year to €48m, impacted by a €54m restructuring provision at CASAG.
SAZKA's land-based businesses in the Czech Republic and Austria, which were not materially impacted by restrictions in H1, have continued to perform well whilst online sales, which increased significantly during the period most impacted by COVID, have generally remained at these higher levels.
Te vast majority of the land-based POS of the company's businesses in the Czech Republic, Austria and Italy remain open and continue to sell its products.
Te majority of the POS in these locations are located in shops and other outlets which provide essential products and services which therefore remain open. Tese include tobacconists, supermarkets and petrol stations.
SAZKA's land-based business in Greece and Cyprus as well as casinos have been more affected by the current lockdown and are currently closed. Q3's results mean that consolidated gross gaming revenue over the first nine months of the year increased by four per cent year-on-year to €1,421m. Consolidated operating EBITDA decreased by 15 per cent year-on-year to €364m.
Consolidated adjusted EBITDA also decreased by 15 per cent year-on-year to €375 million and consolidated profit after tax from continuing operations decreased by 58 per cent year-on- year to €90m. In July, the Supervisory Board of CASAG approved a plan to optimise the cost structure of the casino business in Austria with the plan underway and expected to achieve circa €45m of annual cost savings by FY22.
In July and November, OPAP acquired additional interests in Stoiximan Group’s Greek and Cypriot business, the online gaming business in Greece. OPAP now holds an 84.5 per cent interest in SMGC. In November, KKCG and SAZKA Group announced that funds managed by affiliates of Apollo Global Management will invest €500m in a newly formed holding company which will become the owner of SAZKA Group at a valuation of €4.2bn.
Switzerland
Ireland sets out its regulatory roadmap for gambling and lotteries
Ireland
Ireland has introduced an interim Gaming and Lotteries Act ahead of an overhaul of Irish gambling legislation in 2021.
Te Gambling and Lotteries (Amendment) Act 2019 came into effect on December 1 and amends Ireland’s Gaming and Lotteries Act 1956-2013. It focuses on streamlining the
application process for gambling and lottery licences, as well as the application process for smaller-scale gaming and lottery activity.
Te Act is designed to protect underage individuals by setting a minimum age for participating in gambling services at 18 years of age and bolstering customer protection in the country, standardising measures for the digital age.
Te Act also includes larger penalties for breaching gambling legislations’ provisions.
Stakelogic has put pen to paper on a deal to integrate its full suite of classic slots and modern video slots with Switzerland’s
mycasino.ch by Grand Casino Luzern. Under the partnership, Stakelogic’s slot games will be made available to players at
mycasino.ch for the first time, allowing it to add diversity and quality to its online offering.
Games include Stakelogic Book of Adventure and Book of Cleopatra as well as branded titles Te Expendables Megaways and Rambo Stallone.
Wolfgang Bliem, CEO at Grand Casino Luzern, said: “Our mission for
mycasino.ch is to provide players in Switzerland with the best possible online casino experience and to do that we know we must offer the widest range of quality content.”
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