Wire EMEA
Inspired Enjoys All Segment Growth
With all constraints on betting shops, pubs and holiday parks in England lifted, Inspired delivered YoY growth across all segments in the second quarter 2021.
Inspired’s retail businesses appear to have rebounded quickly to roughly pre-COVID levels.
UK RETAIL OPERATIONS
France - FDJ supplies retail services to LOTTO FDJ Gaming Solutions is set to provide its application and management suite for LOTTO Bayern’s new camera-based ELITE terminals. FDJ Gaming Solutions is providing its terminal application on the 4,300 camera-based ELITE terminals of LOTTO Bayern and its terminal management suite to allow it to operate, monitor and update its terminals.
“We are honoured by this mark of trust from LOTTO Bayern. Under this contract, we will work together with our key partner, FDJ Gaming Solutions. This project is part of our joint success story as we have been cooperating for more than 20 years,” said Timothée Carrus, CEO of Groupe Carrus.
Netherlands - Nederlandse Loterij fined Dutch Gaming Authority Kansspelautoriteit (Ksa) has collected a penalty of €10,000 from Lotto, a brand of the Nederlandse Loterij (NLO) after it placed an advert for the game EuroJackpot on the website
girlscene.nl, a website that focuses on minors.
The law prohibits the targeting of games of chance advertising at minors. The Authority said: "The Ksa imposed a cease and desist order on Lotto for placing advertisements on websites targeting minors. With this, the Ksa wants to ensure that the observed violations are stopped. Lotto must also take appropriate measures to prevent a recurrence in the future.”
Belarus - SOFTSWISS integrate crash games The SOFTSWISS Game Aggregator has announced the inclusion of crash games into its game portfolio. The Game Aggregator, currently comprising slots, table games, lotteries, live games, dice games, virtual sports, and casual games, will now offer crash gambling games from several game vendors.
Crash betting is different to other games of chance in that its mechanics are time-based. The player places a bet and watches the in-game multiplier, usually presented by a rising line graph. The higher the line rises, the bigger the multiplier. However, the line can ‘crash’ at any moment. It is up to the player to cash out before that happens to claim their win. If the player does not cash out on time, they lose their bet.
Bulgaria - Delasport new CEO Oren Cohen Shwartz has been appointed as the new CEO of Delasport. Previously Managing Director at Skywind Group, the appointment places Mr. Schwartz
in a strategic position to elevate the company’s reach into target global industry markets and ensure Delasport’s offer encompasses a larger range of global partners.
P10 WIRE / PULSE / INSIGHT / REPORTS
Inspired’s interactive business continued to display strong performance, and sequential growth, in all major markets, with revenue of $5.8m, an increase of 69 per cent year-over- year, due to the addition of new customers and territories and the consistent launch of new high-quality content. Tis expansion, as well as the associated costs to establish new geographies and licensed content, led to Interactive segment operating income increasing 46.8 per cent year-over-year to $2.6m, and Adjusted EBITDA increasing 45.7 per cent to $3.6m from $2.4m in the prior-year period. Te Interactive business generated record revenues for the company in July.
Total revenue came in at $41.5m with a net loss of $43.8m and Adjusted EBITDA of $8m. During the quarter, Inspired's key retail gaming territories UK, Italy and Greece, reopened at different stages following COVID-19-related restrictions. Te UK government gradually removed COVID-19-related operating restrictions throughout the course of the second quarter 2021, beginning April 12, 2021, with all of the company's retail businesses in England not
Greentube steps it up in Ukraine with First Casino
Ukraine
Greentube has taken its games portfolio live in Ukraine with First Casino. First Casino’s customers now have access to top-performing Greentube titles including Book of Ra, Sizzling Hot deluxe and Lucky Lady’s Charm. Te partnership represents Greentube’s first integration with a local licence holder in Ukraine, a country that is viewed as a key territory in Eastern Europe following the legalisation of its online gaming market earlier this year. First Casino, a Nubula Games brand, has established itself as a leading presence in the Ukrainian market, delivering a premium casino experience with an emphasis on responsible gambling.
Opher Ben Zvi, Key Account Manager for Ukraine at Greentube, said: “Te online
being able to operate without constraints until July 19, 2021. Te Greek Organisation of Football Prognostics (OPAP) betting shops reopened May 24, 2021, while in Italy, retail venues began reopening in June 2021.
“We are pleased with our second quarter results as the majority of our retail businesses steadily reopened throughout the quarter and our Interactive business built upon its momentum coming into the quarter to continue its rapid growth trajectory,” said Lorne Weil, Executive Chairman of Inspired. “From what we have seen in July and so far in August, this momentum in the Interactive business has continued—leading to record-level revenues in July, notwithstanding the reopening of retail customers during the quarter—while our retail businesses appear to have rebounded quickly to roughly pre-COVID levels, as we had forecasted. GGR per operational machine in betting shops is approximately back to pre-COVID levels, the pubs have been improving steadily week-to- week since constraints were completely lifted in July 2021 and revenue from the holiday parks has outperformed our initial expectations.”
gaming market in Ukraine is one rich with potential and we are delighted to have further expanded our presence into the country with this partnership. Having established itself in the newly regulated market with its strong brand and emphasis on responsible gaming, First Casino represents a perfect ally as we introduce Ukraine’s players to our portfolio of content which has proven popular with customers all over the world.”
Maistrenko Andrii, Chief Financial Officer at First Casino, said: “Greentube’s content has a deserved reputation for providing a popular blend of land-based appeal with fresh, exciting titles developed specially for the online market. Tis is an exciting time both for First Casino and the burgeoning online gaming market in Ukraine as a whole and this deal will help further establish our reputation as a brand synonymous with a quality playing experience.”
Greece
Yggdrasil has been granted a Greek supplier licence by the Hellenic Gaming Commission, enabling the publisher to launch its games portfolio to Greek players under the country’s newly revised online gaming regulations. Te licence enables a wide selection of games, including titles featuring Yggdrasil’s Game Engagement Mechanics and content from the supplier’s YG Masters programme, to be available for Greek players.
Björn Krantz, Chief of Global Market Operations at Yggdrasil, commented on the accreditation: “Yggdrasil continues to deliver on our regulatory market strategy. To obtain the Greek licence, and to capitalise on our ISO/IEC27001 accreditation is yet another milestone and achievement from the great team we have here at Yggdrasil. We thank all local partners for their support in making a difference with Yggdrasil and our portfolio of innovative games in Greece.”
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