Gaming For Africa S
Casino International’s Africa partner is the excellent Gaming For Africa magazine, bringing you the continent’s latest developments
Virtual Generation relaunches brand in Africa
tefano Volo, CEO of Virtual Generation, emphatically stressed the importance of relaunching and introducing their virtual
betting platform into the African market as a way to immensely contribute to the growth, development and improvement of the proceeds of local iGaming operators and sportbook platform suppliers in Africa and to provide additional fiscal revenue streams for governments which might otherwise be absorbed by unregulated economies. Based on this belief, Volo keeps looking for new markets like Africa to expand their business in absolute compliance with local regulations. “Virtual Generation is software development
company focused on the production, realisation and distribution of highly advanced virtual betting platforms. As of today, our virtual games are being used by thousands of shops and users across four continents and in seven languages. “Our product portfolio includes classic games
such as virtual football, greyhound and horse racing, number games in the like of keno and
American roulette, as well as an exceptional and exclusive novelty: our newest cockfighting simulation. “All our games can be easily
adapted to the customer’s needs and feature high quality media contents, countless betting options and a certified random number generator. Our gaming platforms can be accessed from a web application, a mobile application and a retail application. The three of them share a similar, highly intuitive betting interface, developed hand-in-hand with our end users. “These are just some of the
characteristics of our product: over the years we have developed one of the most complete and innovative platforms for virtual betting, suitable for both the online and the retail market. “At the present time we are looking forward to invest in the impressive potential of the African
market and to increase our business presence in this land of immense natural beauty. We believe that we can give our contribution to the development of the local gaming market and we are impatient to welcome Africa to Virtual Generation, the new generation of virtual betting. “For general inquiries about our
platform and for any i-gaming consultants or qualified persons who may want to join our team as a reseller in any countries in
Africa, please contact us at the Virtual Generation African office.”
Email the company at either:
j.oyekunle@virtualgenerationgames.com or
sales@virtualgenerationgames.com
Sun International takes action to close loss-making operations and improve operating performance
S
un International has released its year-end results, reporting revenue growth of 12% and
an increase in EBITDA of 13%. Revenue growth was attributable to the inclusion of the results of Sun Dreams (from 1 June 2016), Sun Slots (from 1 April 2016) and Time Square (from 1 April 2017). Focused cost control and enhanced efficiencies in South
24 APRIL 2018
Africa helped grow EBITDA from a –9% decline in the first half to 15% growth in the second half, resulting in EBITDA for the year increasing 3%. South African revenues improved in the second half compared to the first half, from a –1% decline to 2% growth, resulting in flat revenues for the year. Sibaya, Sun City, Sun Slots and the Table Bay produced pleasing results with
growth in revenue and EBITDA. Time Square’s results were disappointing while GrandWest revenue was in line with the prior year, with EBITDA dropping by 2%. Operational performance in Latino America was subdued largely attributable to a low growth economy and the tragic shooting which took place at Monticello in July 2017.
The group incurred a number of
one-off or abnormal items that have been adjusted for in headline and adjusted headline earnings, both of which were 41% below the prior year. Group CE Anthony Leeming
remarked: “We have taken decisive action to address underperforming operations and to focus on both cost control and increasing efficiencies”. “We’ve made significant
investments over the last few years in both South Africa and Latam. The
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