Tag: Press Releases

sportradar-reports-third-quarter-2023-results

Sportradar Reports Third Quarter 2023 Results

November 2, 2023 Published by
Reading Time: 5 minutes

Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), a leading global sports technology company focused on creating immersive experiences for sports fans and bettors, today announced financial results for its third quarter ended September 30, 2023.

Carsten Koerl, Chief Executive Officer of Sportradar said: “As the leader in our industry, we aim to consistently deliver value to our clients, partners and shareholders. For 2023 we remain on track to deliver a strong growth year and are well positioned to maintain that momentum into 2024. This week we announced a reduction in our global workforce as part of a broader set of strategic initiatives that will enable us to further strengthen our client-centric organization and focus on the market opportunities ahead of us.”

Third Quarter 2023 Financial Highligh

  • Revenue in the third quarter of 2023 increased 12% to €201.0 million compared with the third quarter of 2022 with growth across all segments.
  • Total Profit from continuing operations for the third quarter of 2023 was €4.6 million compared with €12.8 million for the same quarter last year. The Company’s Adjusted EBITDA1 for the same period increased 38% to €50.5 million compared with the third quarter of 2022, primarily due to strong revenue growth and higher operating leverage.
  • Total Profit from continuing operations, as a percentage of revenue, for the third quarter of 2023 was 2% compared with 7% for the same quarter last year. Adjusted EBITDA margin1 was 25% in the third quarter of 2023, an increase of 471 bps, compared with 20% in the prior year period.
  • The Company’s customer Net Retention Rate1 (NRR) was 116% in the third quarter of 2023, demonstrating the Company’s strength in cross selling and upselling to its clients.
  • As of September 30, 2023, Sportradar had total liquidity of €509.7 million including cash and cash equivalents of €289.7 million and an undrawn credit facility of €220.0 million.
Key Financial Metrics
Q3 Q3 Change
In millions, in Euros€ 2023 2022 %
Revenue 201.0 178.8 12%
Profit for the period from continuing operations 4.6 12.8 (64%)
Profit for the period from continuing operations as a percentage of revenue 2% 7% -483 bps
Adjusted EBITDA1 50.5 36.5 38%
Adjusted EBITDA margin1 25% 20% +471 bps
Net Retention Rate1 116% 118% (2%)

1 Non-IFRS financial measure or operating metric; see “Non-IFRS Financial Measures and Operating Metrics” and accompanying tables for further explanations and reconciliations of non-IFRS measures to IFRS measures.

Reduction in Global Workforce

This week, the Company announced a reduction in its global workforce as part of a broader set of strategic initiatives. This is expected to streamline its operating structure, improve product ROI and portfolio optimization. When completed, this should result in an approximate 10% reduction in 2023 labor cost run rates and contribute positively to future operating leverage.

Recent Company Highlights

  • Sportradar and BetMGM extended their partnership for official NBA data. For the first time, Sportradar will provide BetMGM products and services that leverage NBA optical tracking data as a result of its exclusive partnership with the NBA. This will enable BetMGM to grow its prop markets, same-game parlays, as well as in-play betting market.
  • Sportradar has been selected by the Taiwan Sports Lottery Company, Ltd. to power its Sports Lottery with a customized omnichannel sportsbook and player management solution. As part of a consortium, Sportradar will operate the Sports Lottery through 2033 using the company’s ORAKO end-to-end sportsbook and player account management system.
  • NASCAR and Sportradar announced a four-year extension of their long-term media rights partnership, which now includes official betting data. This agreement will include live timing and scoring data and expanded betting content.
  • Sportradar has been chosen by the Tennis Channel to power the launch of the network’s direct-to-consumer (DTC) streaming platform, which, for the first time, will include access to Tennis Channel’s marquee, 24/7 linear-channel alongside thousands of hours of live and on-demand matches and original programming.
  • Sportradar received several industry recognitions, including Best Live Streaming Supplier at EGR B2B Awards 2023, Marketing & Services Provider of the Year at SBC Awards 2023 and Sports Betting Provider of the Year at Sigma Asia Awards 2023. Additionally, Sportradar was included on Business Insider’s “Leaders in AI 100” list.

Segment Information

RoW Betting

  • Segment revenue in the third quarter of 2023 increased by 11% to €112.2 million compared with the third quarter of 2022. This growth was driven primarily by increased sales of the Company’s Live Odds and Live Data products, which grew 18% year over year.
  • Segment Adjusted EBITDA1 in the third quarter of 2023 increased by 16% to €56.1 million compared with the third quarter of 2022. Segment Adjusted EBITDA margin1 improved to 50% from 48%, compared with the third quarter of 2022.

RoW Audiovisual (AV)

  • Segment revenue in the third quarter of 2023 increased by 15% to €38.0 million compared with the third quarter of 2022. Revenue growth was driven by the new CONMEBOL deal and growth in sales to new and existing customers.
  • Segment Adjusted EBITDA1 in the third quarter of 2023 increased by 5% to €13.3 million compared with the third quarter of 2022. Segment Adjusted EBITDA margin1 decreased to 35% from 38% compared with the third quarter of 2022.

United States

  • Segment revenue in the third quarter of 2023 increased by 11% to €35.1 million compared with the third quarter of 2022. Results were primarily driven by growth of 19% collectively in betting and gaming, and audiovisual products.
  • Segment Adjusted EBITDA1 in the third quarter of 2023 was €8.2 million compared with €3.4 million in the third quarter of 2022, indicating the strong improvement in operational leverage in the U.S. business model despite continuous investments. Segment Adjusted EBITDA margin12improved to 23% from 11%, compared with the third quarter of 2022.

The tables below show the information related to each reportable segment for the three and nine month periods ended September 30, 2023, and 2022.

Three Months Ended September 30, 2023
in €’000 RoW Betting RoW Betting AV United States Total reportable segments All other segments Total
Segment revenue 112,167 38,031 35,077 185,275 15,762 201,037
Segment Adjusted EBITDA 56,096 13,296 8,160 77,552 (2,578 ) 74,974
Unallocated corporate expenses2 (24,488 )
Adjusted EBITDA1 50,486
Adjusted EBITDA margin1 50 % 35 % 23 % 42 % (16 %) 25 %
Three Months Ended September 30, 2022
in €’000 RoW Betting RoW Betting AV United States Total reportable segments All other segments Total
Segment revenue 100,919 33,090 31,556 165,565 13,270 178,835
Segment Adjusted EBITDA 48,215 12,624 3,446 64,285 (3,854 ) 60,431
Unallocated corporate expenses2 (23,947 )
Adjusted EBITDA1 36,484
Adjusted EBITDA margin1 48 % 38 % 11 % 39 % (29 %) 20 %
Nine Months Ended September 30, 2023
in €’000 RoW Betting RoW Betting AV United States Total reportable segments All other segments Total
Segment revenue 334,816 132,154 112,773 579,743 45,292 625,035
Segment Adjusted EBITDA 154,525 41,055 20,425 216,005 (8,285 ) 207,720
Unallocated corporate expenses2 (80,461 )
Adjusted EBITDA1 127,259
Adjusted EBITDA margin1 46 % 31 % 18 % 37 % (18 %) 20 %


2 Unallocated corporate expenses primarily consist of salaries and wages for management, legal, human resources, finance, office, technology and other costs not allocated to the segments.

Nine Months Ended September 30, 2022
in €’000 RoW Betting RoW Betting AV United States Total reportable segments All other segments Total
Segment revenue 283,169 118,754 86,289 488,212 35,688 523,900
Segment Adjusted EBITDA 136,157 34,611 (8,474 ) 162,294 (12,467 ) 149,827
Unallocated corporate expenses2 (59,089 )
Adjusted EBITDA1 90,738
Adjusted EBITDA margin1 48 % 29 % (10 %) 33 % (35 %) 17 %

2023 Annual Financial Outlook

Sportradar is providing an updated annual outlook for revenue and Adjusted EBITDA1 for fiscal 2023 as follows:

  • Revenue in the range of €870 million to €880 million, representing year-on-year growth between 19% and 21%.
  • Adjusted EBITDA1 in the range of €162 million to €167 million, representing year-on-year growth between 29% and 33%.
  • Adjusted EBITDA margin1 in the range of 18.4% to 19.2%.

Conference Call and Webcast Information

Sportradar will host a conference call to discuss the third quarter 2023 results today, November 1, 2023, at 8:00 a.m. Eastern Time. Those wishing to participate via webcast should access the earnings call through Sportradar’s Investor Relations website. An archived webcast with the accompanying slides will be available at the Company’s Investor Relations website for one year after the conclusion of the live event.

tom-horn-heats-up-reels-in-flaming-wild-27

Tom Horn heats up reels in Flaming Wild 27

November 2, 2023 Published by
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In its latest game release, Tom Horn Gaming, an igaming software solutions supplier is poised to set  the reels ablaze with excitement and fruitalicious wins.

The latest addition to the supplier’s casino portfolio showcases Tom Horn Gaming’s mastery in fusing a classic gambling experience with a fresh look and a scorching twist on tried-and-tested game mechanics. The 3×3 game grid is filled with classic fruit symbols, sevens, stars, bar, and the Willd 27 symbol.

During the base game, the Wild 27 symbol, when part of a winning combination,  expands and transforms the game’s 5 lines to 27 ways to win, all while triggering a respin.  If all three reels are matched up with the same low symbol,  the total win is doubled.

For those seeking a taste of risk and reward, Flaming Wild 27 offers the gamble feature with a joker and take half option. Players have the chance to double or quadruple their winnings. When in the gamble mode, players are presented with three options – collect win, gamble win, or take half, giving them full control over their gameplay.

With an RTP of 95.07 and low volatility, Flaming Wild 27 is an excellent choice for both newcomers and experienced players.

“Flaming Wild 27 represents our dedication to innovation and delivering an exceptional gaming experience whilst honouring the legacy of  traditional slot machines, “ said Tom horn Gaming. “The game is designed for players who yearn for the classic fruit machine thrill, yet demand contemporary swift gameplay with substantial winning potential. We believe it will quickly attract a loyal fanbase worldwide.”

The game goes on general release on  1 November.

 

marathonbet-extends-payment-options-and-geographic-reach-with-mifinity

Marathonbet Extends Payment Options and Geographic Reach with MiFinity

November 1, 2023 Published by
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Mifinity empowering Marathonbet’s payment strategy

MiFinity, a leading provider of digital payment solutions, is delighted to announce its strategic partnership with Marathonbet, a global online sports betting company. This exciting collaboration expands Marathonbet’s payment strategy, offering its global gaming brands the capability to leverage the MiFinity eWallet as a payment option for their players.

Marathonbet’s decision to integrate the MiFinity eWallet into its payment ecosystem not only broadens the breadth of services offered to players but also enhances the brand’s geographic coverage. With MiFinity’s eWallet, players can now seamlessly deposit and withdraw funds on Marathonbet’s sites, offering a seamless payment experience to the operator’s gaming community.

The addition of MiFinity’s eWallet further reinforces Marathonbet’s dedication to delivering a superior gaming experience to its players, offering the flexibility to top up their gaming accounts across its global brands. With plans to also open in Italy and Spain, this strategic partnership compliments Marathonbet’s payment strategy in existing and new markets.

“We are pleased to support Marathonbet’s strategic vision for expanding its geographic reach and payment options,” the Chief Executive Officer for MiFinity, Paul Kavanagh, said. “Our partnership reflects our commitment to delivering innovative solutions to our partners and providing their players with secure, efficient and user-friendly payment options.”

MiFinity’s eWallet is available in over 225 countries and offers a wide range of local payment methods, making it the perfect choice for gaming operators looking to offer a diverse range of payment options to their players. The partnership with Marathonbet exemplifies how MiFinity has rapidly emerged as a major player in the iGaming and PayTech sector, providing innovative solutions to meet the evolving needs of the industry.

For media inquiries and further information, please contact PR@Mifinity .com.

game-changing-recognition:-softgamings’-platform-earns-italian-b2b-certification

Game-Changing Recognition: SoftGamings’ Platform Earns Italian B2B Certification

November 1, 2023 Published by
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The acquisition of B2B certification for Italy on 30th October, 2023 represents a significant milestone in the ongoing development of SoftGamings’ Platform as a leading provider and aggregator of casino software. This achievement not only showcases SoftGamings’ expertise and professionalism within the iGaming sector, but also serves to further enhance trust among its customers and partners.

The attainment of Italian B2B certification signifies that SoftGamings’ Platform adheres to the rigorous standards and requirements established in Italy. This certification reaffirms the company’s possession of the requisite skills, knowledge, and experience necessary for the successful delivery of its comprehensive services and solutions suite.

SoftGamings stands out in the Italian market and becomes the preferred partner for operators looking for reliable and expert service providers: White Label, Turnkey and Game API Integration. This development allows SoftGamings’ Platform to expand its customer base in this region. 

Italy boasts a well-developed gambling industry, contributing approximately 80 billion euros annually to the national treasury through activities such as slot machines and other games. The country’s rich history in gambling dates back to 1638 with the establishment of the first casino, Ridotto. Although there have been attempts to ban casinos since 1923, today, legal gambling establishments operate freely in Italy in accordance with state legislation. Online clubs have also been permitted since 2010, with 20% of their profits contributed to the state.

As stated by Artem Ustinov, Head of White Label and Turnkey Solutions at SoftGamings: “SoftGamings recently received Italian certification, adding to its existing licenses in Malta, Curaçao, Greece, Belgium, Romania and other countries. By obtaining Italian B2B certification, SoftGamings’ brand companies now offer Italian B2B companies a seamless opportunity to collaborate. We provide them with a full range of profitable casino software solutions. This development not only strengthens our position in the European market, but also confirms our commitment to meeting the needs of Italian B2B companies in the iGambling industry”.

future-anthem-welcomes-responsible-gambling-leader-svend-aage-kirk-as-expert-advisor

Future Anthem Welcomes Responsible Gambling Leader Svend Aage Kirk as Expert Advisor

November 1, 2023 Published by
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Key appointment a ‘critical step’ in Future Anthem’s vision and journey to innovate with AI and personalisation for safer player experiences

Future Anthem, the pioneering artificial intelligence (AI) and data science powerhouse, has appointed Svend Aage Kirk (pictured) in the role of Expert Advisor for its Sustain AI module as the company continues to innovate with AI to offer sustainable and safer player experiences.

Through its flagship product, Amplifier AI, Future Anthem personalises every step of a player’s journey. It is built with responsible gambling and player health at its core and features the Sustain AI module. This includes real-time machine learning models that have run across 35 billion betting transactions, helping operators to reinforce safer play by identifying player risk 72% faster than traditional methods.

Kirk will lead the commercial strategy for Sustain AI, influencing the direction of the product, as well as Future Anthem’s wider approach to safer gambling. Sustain AI is designed to allow operators to positively comply with regulations in different jurisdictions including the reforms set out in the recent United Kingdom government ‘white paper’ through real-time interventions that are designed to reduce player risk with personalised messages.

Kirk’s appointment recognises the opportunity for Future Anthem to make AI-led real-time innovations to ensure best practice and set new standards in responsible gambling. He brings a wealth of experience to the business having been Chief Executive Officer and a co-founder of Mindway AI among a number of sales, marketing and executive roles over more than 40 years.

“Future Anthem is the clear market leader when it comes to the development of groundbreaking artificial intelligence and machine learning tools that encourage responsible play,” said Kirk. “The company has a vision to blend commercial and responsible gambling, offering a one-of-a-kind suite of unmatched personalisation products. I am excited to be a part of Future Anthem’s journey and I am confident my experience can help elevate the company to new heights in this important area of the industry.”

“Understandably, to date, most of the industry focus in this area is on compliance, which we plan to build on by extending Future Anthem’s approach from responsible to sustainable gambling, headlining the importance of player health,” the Chief Executive Officer for Future Anthem, Leigh Nissim, said. “Svend is someone that I have known and admired for several years; he has a first-class track record in both AI and responsible gambling. His appointment is a critical step in our vision that will see Future Anthem lead the charge in this important area of the industry and the beginning of the next stage in Future Anthem’s journey to measuring and reinforcing sustainable play.”

bragg-gaming-launches-exclusive-content-with-kansino.nl

Bragg Gaming Launches Exclusive Content with Kansino.nl

November 1, 2023 Published by
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Bragg Gaming Group announced that games from its exclusive content portfolio, including from its proprietary Bragg Studios as well as games delivered via the Bragg Remote Games Server (RGS) from partner studios under its Powered by Bragg program, are now live with Play North’s online casino brand in the Netherlands, Kansino.nl.

Proprietary game titles including Fairy Dust, Cai Fu Emperor Ways and Dreamy Genie from Bragg Studios’ Atomic Slot Lab development house, already popular in the Netherlands, are part of the initial portfolio available to players of Kansino.nl, with more Bragg-exclusive games from multiple studios to be released on a regular basis.

The Netherlands has become a major market for Bragg, where it was among the first iGaming suppliers to obtain certification for new market regulations implemented in October 2021. In addition to supplying its exclusive content portfolio, Bragg is a market-leading Player Account Management (PAM), content aggregation and turnkey solutions provider in the territory.

According to H2 Gambling Capital, the online gambling market in the Netherlands is expected to generate approximately US $2 billion in Gross Win in 2023, with around 58% attributed to the online casino segment.

Lara Falzon, President and Chief Operating Officer for Bragg, commented “We know that players in the Netherlands have a strong affinity to the exclusive games we offer through our Bragg Studios and Powered by Bragg portfolios. We are very happy to now be able to make them available to even more players with our valued partners at Play North.

“We have a very strong games roadmap ahead of us, so we are confident we can keep players at Kansino.nl very well entertained today as well as long into the future.”

Daphne Xerri, Director of Product for Play North added: “We are pleased to partner with Bragg to bring their proven online casino games to our Dutch players for the first time. Since launching in October 2021, Kansino.nl has gone from strength to strength, building a highly loyal player base, and we are committed to bringing them the very best in online casino entertainment.”

first-nine-months-at-e12bn-revenues-and-e426m-ebitda,-with-solid-q3-results-driven-by-the-increase-in-the-online-market-share-across-all-product-segments-and-brands-2023-guidance-confirmed.

FIRST NINE MONTHS AT €1.2BN REVENUES AND €426M EBITDA, WITH SOLID Q3 RESULTS DRIVEN BY THE INCREASE IN THE ONLINE MARKET SHARE ACROSS ALL PRODUCT SEGMENTS AND BRANDS. 2023 GUIDANCE CONFIRMED.

November 1, 2023 Published by
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The Board of Directors of Lottomatica Group S.p.A. approved the Condensed Consolidated Interim Financial Statements for the nine months at 30 September 2023.

9M 2023 Results

  • Bets of €21.7 billion, +19% compared to the same period pro forma1 in 2022 (+34% reported)
  • GGR2 of €2,844.1 million, +7% compared to the same period pro forma in 2022 (+10% reported)

o  Total Online market share: at 21.2% in Q3 (+3.8pp versus FY 2022)

o  iSports market share: at 20.4% in Q3 (+3.1pp versus FY 2022)

o  iGaming market share: at 21.7% in Q3 (+4.5pp versus FY 2022)

  • Revenues at €1,194.9 million, +12% compared to the same period pro forma in 2022 (+17%

reported)

o Online at €374.0 million, +30% compared to 9M 2022 pro forma (+56% reported)

o Sports Franchise at €277.4 million, +10% compared to 9M 2022

o Gaming Franchise at €543.5 million, +3% compared to 9M 2022

  • Adjusted EBITDA3 at €426.4 million, +15% compared to the same period pro forma in 2022 (+25% reported)
  • Operating cash flow4 at €344.7 million
  • Net financial debt at €1,248.1 million equivalent to 2.2x on LTM run rate Adjusted EBITDA5
  • Guidance for fiscal year 2023 confirmed: €1,630 – 1,690 million of revenues, €570 – 590 million6 of Adjusted EBITDA, (c. 50% of Adjusted EBITDA contributed by the Online segment), c. €65 million of recurring capex, c. €45 million of concession capex, c. €30 million of one-off growth capex and c. €35 million of payable for potential deferred consideration.

Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, commented: “In this third quarter we have consolidated our leadership position and our Online business has continued to grow market share across all product segments and brands. In the first nine months we reached €426 million of EBITDA, up 15% compared to the same period in 20227. We are on track to achieving our guidance for fiscal year 2023 and to continue to execute our strategy of organic and M&A growth.”

***

The Board of Directors of Lottomatica Group S.p.A. approved the Condensed Consolidated Interim Financial Statements for the nine months ended 30 September 2023.

 

Key consolidated results for 9M 2023

 

Please note that Betflag has been consolidated on the reported numbers (“rep”) since 1st December 2022. Thus, the first nine months of 2023 results are commented compared to the pro forma (“PF”) amounts for the same period of 2022 as if Betflag acquisition occurred on 1st January 2022.

 

Bets by segment

€ million; % 9M 2023 9M 2022 PF            9M 2022 rep YoY PF % YoY rep %
Online

 

Sports Franchise

 

Gaming Franchise

 11,533

 

2,029

 

8,149

 8,400                       6,303

 

1,769                       1,769

 

8,118                       8,118

 +37%

 

+15%

 

+0%

 +83%

 

+15%

 

+0%
Total Bets 21,711 18,287                      16,190 +19% +34%

 

In the first nine months of 2023, Lottomatica collected bets for €21.7 billion, +19% compared to the same period pro forma in 2022 (+34% reported). The Online segment continued to outperform with bets up 37% compared to the same period pro forma of 2022 (+83% reported).

 

Revenues by segment

€ thousands; % 9M 2023 9M 2022 PF           9M 2022 rep YoY PF % YoY rep %
Online

 

Sports Franchise

 

Gaming Franchise

 373,978

 

277,447

 

543,518

 288,185                   239,514

 

252,599                   252,599

 

525,691                   525,691

 +30%

 

+10%

 

+3%

 +56%

 

+10%

 

+3%
Revenues 1,194,943 1,066,475                1,017,804 +12% +17%

 

Revenues amounted to €1,194.9 million in the first nine months of 2023, compared to €1,066.5 million in the same period pro forma of 2022, with +12% increase pro forma (+17% reported). Excluding the impact of the unfavourable payout8, revenues in Q3 were up +11% compared to Q3 2022 pro forma, substantially in line with the growth rate of the first two quarters.

The Online segment totalled €374.0 million revenues in 9M 2023, +30% compared to the same period of 2022 pro forma (+56% reported), with a strong double-digit performance also in the third quarter driven by the market share growth across all product segments and brands. Excluding the impact of the unfavourable payout8, revenues in Q3 were up +40% compared to Q3 2022 pro forma.

The Sports Franchise segment reported €277.4 million in revenues in 9M 2023, up +10% compared to the same period of the previous year. Excluding the impact of the unfavourable payout7, revenues in Q3 were up +8% compared to Q3 2022 pro forma.

The Gaming Franchise segment revenues reached €543.5 million in 9M 2023, +3% compared to the same period of 2022. Revenues in Q3 decreased by -3% compared to Q3 2022, which benefited from the removal of Covid-related restrictions.

 

Adjusted EBITDA and margin by segment

€ thousands, % 9M 2023 9M 2022 PF                     9M 2022 rep YoY PF % YoY rep

         %        

+56%

 

+1%

 

+4%
Online

 

Sports Franchise

 

Gaming Franchise

 217,855        58.3%

 

79,939        28.8%

 

128,587        23.7%

 168,768        58.6%          139,548        58.3%

 

79,169        31.3%            79,169        31.3%

 

123,612        23.5%          123,612        23.5%

 +29%

 

+1%

 

+4%
Adj EBITDA 426,381        35.7% 371,549        34.8%          342,329        33.6% +15% +25%

 

Adjusted EBITDA reached €426.4 million in the first nine months of 2023, +15% compared to the same period pro forma of 2022 (+25% reported). Adjusted EBITDA margin reached 35.7% on revenues, compared to 34.8% in the same period pro forma of 2022 (33.6% reported) driven by the higher contribution of the Online business.

Excluding the impact of the unfavourable payout7, Adjusted EBITDA in Q3 was up +18% compared to Q3 2022 pro forma, in sequential acceleration compared to the first two quarters.

 

Operating cash flow

€ thousands 9M 2023 9M 2022 rep
Adjusted EBITDA 426,381 342,329
Recurring capex

 

Concession capex

 (46,073)

 

(35,582)

 (44,503)

 

–
Operating cash flow 344,726 297,826

 

Operating cash flow in the first nine months was €344.7 million, compared to €297.8 million for the same period in 2022, as a result of the increase in Adjusted EBITDA partially offset by concession payments.

 

Net financial debt

 

€ milion                                                       30 June 2023

Pro forma

  

30 Sept 2023
 

Gross Financial Debt                                                       1,539

 

EUR 550m FRNs due 2028                                                  550

 

EUR 565m SSNs due 2028                                                  565

 

EUR 350m SSNs due 2027                                                  350

 

IFRS 16 (leases)                                                                     74

  

1,542

 

550

 

565

 

350

 

77
Cash                                                                                   (323) (294)
 

Net Financial Debt                                                            1,216

  

1,248
LTM run rate Adjusted EBITDA                                             559 572
  2.2x

 

Net leverage                                                                        2.2x

 

Net financial debt amounted to €1,248 million as of 30 September 2023, equivalent to a net leverage of 2.2x on LTM run rate Adjusted EBITDA9.

***

Management will hold a conference call at 10:00 CET on 31 October 2023 to comment the consolidated results to the market. The event can be followed:

  • Via phone: +39 02 802 09 11 or +44 121 281 80 04 or +1 718 705 87 96
  • Via  Webcast

The manager in charge of preparing the company’s accounting documents, Laurence Lewis Van Lancker, declares, pursuant to paragraph 2 of Article 154-bis of the Consolidated Finance Act, that the accounting information contained in this press release corresponds to the documented results, books and accounting records.

get-spooky-with-inspired’s-latest-halloween-slot:-cops-‘n’-robbers-big-money-trick-or-treat

GET SPOOKY WITH INSPIRED’S LATEST HALLOWEEN SLOT: COPS ‘N’ ROBBERS BIG MONEY TRICK OR TREAT

October 31, 2023 Published by
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Inspired Entertainment, Inc. is pleased to announce the launch of its latest Halloween-themed game, Cops ‘n’ Robbers Big Money Trick or Treat, developed by Inspired’s Bell-Fruit design studio.

As a seasonal follow-on from Inspired’s popular Cops ‘n’ Robbers Big Money™, the game’s spinetingling reels spin to reveal the game’s iconic Cops ‘n’ Robbers® symbols with a spooky update.

Giving players top chances of achieving prizes throughout, the Cash Collector feature includes the game’s colorful candy bag symbols, which represent mixed pays awarded players upon achieving any combination of line wins. The base game includes spooky Wilds, the “werewolf robber” and the “zombie cop.”

Landing three or more Bonus symbols in the base game triggers the Trick or Treat Bonus round, where players can be in with a chance to bag the sweetest wins. With unlimited Free Spins, the werewolf robber adds to the progressive trail with multipliers that appear above the reels, while the zombie cop is hot on his heels. The Bonus ends when the werewolf robber is caught and spotted in the ID Parade, awarding the player all their accumulated winnings.

Fortune Spins can be switched on and chosen as an alternative to spinning the normal base game reels. Giving players more fun ways to win big, Fortune Spins can be played at any stake. Here, the werewolf robber, candy bags and Bonus symbols are present only, while the werewolf robber acts as a Wild, collecting candy bags and cash prizes for big Halloween treats.

With its engaging gameplay, Cops ‘n’ Robbers Big Money Trick or Treat has a return-to-player (RTP) rate of 94.99% offering casual gamers a fun iGaming experience, for a spook-tacular Halloween!

Claire Osborne, Vice President of Interactive at Inspired, said: “Gear up for an electrifying extravaganza with Cops ‘n’ Robbers Big Money Trick or Treat, a slot that’s not a trick, but promises bags of treats! We’re thrilled to be adding this latest spooky title, brimming with colossal wins and spine-chilling adventures, to our flourishing portfolio of seasonal slots.”

Catering to an array of gameplay and mechanic partialities, Inspired’s other Halloween titles include:

Big Scary Fortune™, a descendant of Inspired’s top performing slot, Big Fishing Fortune™, that is packed with eerie and spell-binding graphics.

Reel Spooky King Megaways™, a “boo-tiful” slot with fun cascading wins that features the popular Megaways™ game mechanic to give players 117,649 ways to win on every spin.

Halloween Cash Pots™, a fast-paced and gripping slot that lets players release their inner ghost, goblin or ghoul while turning ghostly wins into big cash prizes through its Cash Collector Bonus.

Book of Halloween™,  which offers a fun Free Spins Bonus packed with spooky expanding symbols.

growth-markets-zone-to-launch-at-ice-2024-generating-business-opportunities-for-stakeholders-across-latin-america-and-africa

Growth Markets Zone to Launch at ICE 2024 Generating Business Opportunities for Stakeholders Across Latin America and Africa

October 31, 2023 Published by
Reading Time: 2 minutes

 

Clarion Gaming’s latest initiative to deliver more connections between businesses across the international gaming industry will see the introduction of the first Growth Markets Zone at ICE 2024.

With a renewed focus on opportunities for businesses active in or targeting Latin America and Africa, the Growth Markets Zone will provide a place for suppliers to meet and connect with international businesses. The Growth Markets Zone will comprise circa 15 suppliers and innovators and take pride of place on the ICE show floor.

Explaining the background to the space and his aspirations for its future development, ICE Event Director Andy Ventris said: “We always work in partnership with our stakeholders to deliver initiatives that will help them to meet their business aims and objectives. Part of the feedback following ICE 2023 revealed a demand to target gaming growth markets specifically those in Latin America and on the continent of Africa.

“We developed and refined the concept and we are excited to launch at ICE 2024. One of our focus areas is to provide for visitors with specific product or geographical interests and the Growth Markets Zone will serve as the ‘go to’ location for those interested in the business opportunities that exist in Latin America and Africa.

“We are also working with partners in both markets to help bring this to life; Liliana Costa, Clarion Gaming Latin America Liaison, and John Bamidele, ICE’s Africa Ambassador, both of whom will be happy to speak with those interested in the initiative.”

He continued: “Our creative platform and pledge to the industry for ICE 2024, is to deliver MORE, a theme that reflects our commitment to deliver enhanced qualitative and quantitative business opportunities for our stakeholders. The Growth Markets Zone is born out of that commitment and like initiatives such as the award-winning ICE Consumer Protection Zone we will work in partnership with the industry to deliver.

ICE 2024 and sister show iGB Affiliate, the last to be held in London prior to their relocation to Barcelona in January of 2025, will feature some 750 exhibitors occupying the entirety of ExCeL London. To be part of this historic edition of ICE register for tickets at ICE London 2024 (ICEGaming .com).

neatplay-appoints-sarah-stellini-as-chief-commercial-officer

Neatplay appoints Sarah Stellini as Chief Commercial Officer

October 31, 2023 Published by
Reading Time: < 1 minute

 

Neatplay Ltd, the iGaming venture builder, has announced it has appointed Sarah Stellini as Chief Commercial Officer.  Sarah joins the Neatplay team from Hero Gaming, where she served as CEO and Commercial Director for the last two years. She brings a decade of experience in the iGaming industry, having also previously held leadership positions at Betsson Group including as Head of Marketing and Head of New Business, and at Catena Media. The role is the first C-level appointment made by Carla Maree Vella, who was appointed CEO of Neatplay earlier this year. Commenting on Sarah’s appointment, Carla commented: “With the addition of Sarah, Neatplay kicks off its journey of strengthening its core leadership team. Sarah’s dedication, energy and passion make her an organic fit to the highly entrepreneurial culture that Neatplay fosters. Sarah’s strong industry experience coupled with her deep-seated multi-market knowledge makes her the perfect fit for ensuring that Neatplay’s ambitious plans are anchored in robust commercial targets. Knowing her data driven mindset and her ability to very strategically position brands I can’t wait to work together to achieve the next milestones for Neatplay’’

Sarah commented: “I am incredibly enthusiastic about this new chapter with Neatplay, where the vision is broad, truly international and innovative. There are already exciting markets being lined up, with the opportunity for even more through the new partnerships we are building. What also excites me is not just the company’s roadmap, and the clear path for personal growth, but also the opportunity to work alongside a fellow Maltese female leader like Carla.”

In addition to lining up more senior candidates into its leadership team, Neatplay continues its search for highly strategic marketing partners across a number of geographies to add more innovative brands alongside the brands it already supports today.

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