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Bloomberry’s net profit surges
Bloomberry Resorts Corp, a casino operator based at the Philippines, posted a record net profit of PHP3.691 billion (US$71.2 million) in the first quarter of 2018. The profit surged on the back of robust mass market and VIP gaming.
Data provided by Bloomberry revealed there has been a 71 per cent increase in the net profit for the three months ending March 2018 compared to the PHP2.153 billion ($41.46 million) net profit it reported in the first quarter of 2017.
The firm’s gross gaming revenue (GGR) was up 28.3 per cent to PHP13.75 billion ($264.77 million), and accounted for 94.4 per cent of Bloomberry’s overall Q1 revenue.
Reported earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 44 per cent year-on-year to PHP4.537 billion ($87.37 million), the highest ever reported in a quarter, according to the casino operator.
“We are off to a good start. Our fundamentals are solid, our cost optimisation initiatives are working, so we should be on tract to making this a banner year,” Bloomberry Chairman and CEO Enrique Razon, Jr. said in a statement.
The Manila-based firm operates Solaire Resort & Casino in the Entertainment City gaming zone in Manila and the Jeju Sun Hotel & Casino in Jeju Island, South Korea.
Solaire’s GGR was at PHP13.69 billion ($263.62 million), up 28.5 per cent from PHP10.66 billion ($205.3 million) in Q1 2017. Solaire generated its highest quarterly mass table drops and electronic gaming machine (EGM) coin-ins, rising 17 and 23%, respectively.
Despite seeing a 12 per cent drop in VIP volumes, Solaire’s VIP gross gaming revenue hit PHP7.1 billion ($136.72 million), up 39 per cent year-on-year.
Solaire’s hotel and food and beverage revenue increased by PHP9.5 million ($182,933) or 1.8 per cent.
Meanwhile, Jeju Sun continued to be a drag for Bloomberry, with gross gaming revenue dropping 13 percent to PHP51 million ($982,063) in the first three months of 2018. The firm attributed the decline to the decreasing number of Chinese tourist arrivals in Jeju as well as tough competition from other casinos.
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Aristocrat Leisure Completes Acquisition of Neo Group Ltd. (f/k/a NeoGames) for $29.50 per Share
Neo Group Ltd. (formerly known as NeoGames S.A.), announced today that Aristocrat Leisure Limited, an entertainment and content creation company delivering world-leading mobile and casino games, has completed the previously announced acquisition of all of the outstanding ordinary shares of Neo for $29.50 per share in an all-cash transaction, representing an enterprise value of approximately $1.2 billion for Neo.
“We are excited to have successfully closed this transaction and joined forces with the Aristocrat team to further drive our success across iLottery, iGaming, and online sports betting,” said Moti Malul, Chief Executive Officer of Neo. “We firmly believe that this Transaction represents a great outcome for all of Neo’s shareholders, customers and employees. We are very grateful to all our stakeholders who have supported us since our inception. I would also like to thank all our employees for their commitment in making Neo the great company it is today.”
The transaction was announced on May 15, 2023.
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Wazdan pounces for bigger wins in new sequel Mighty Wild™: Panther Grand Gold Edition
Wazdan, the gain-focused developer behind some of the world’s most rewarding casino game experiences, is multiplying jackpots in the follow-up to its top-performing game Mighty Wild™: Panther Grand Gold Edition.
Venturing to the depths of the jungle where a black panther rules the reels on a 5×3 gameboard, the new edition provides even larger win potential. With the increased value of the Cash symbols and Cash Infinity™ symbols, there is also a more lucrative Grand Jackpot of 1500x the base bet.
Players can trigger either the Hold the Jackpot™ or Wild Rampage™ bonus rounds after landing at least six bonus symbols. Furthermore, Chance Level™ has been amplified to improve players’ chances of hitting the bonus round.
Bolstering the ferocious Wild Rampage™ bonus game, Mystery Symbols transformed into jackpots are multiplied by a value between 1x to 10x, providing the opportunity for even bigger rewards.
Wazdan’s Online gaining™ philosophy empowers players to tailor gameplay to their preferred style through customisable features like Volatility Levels™, Buy Feature, and Ultra Fast Mode which has delivered proven results for its partners.
Andrzej Hyla, Chief Commercial Officer at Wazdan, said: “Mighty Wild™: Panther Grand Gold Edition features an exciting new lair through the inclusion of transforming mystery symbols, adding multiplier prizes to jackpots.
“Enhancing the gameplay of a pre-established hit allowed us to expand upon the engagement and entertainment on offer and we anticipate a great reception to this release.”
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PRAGMATIC PLAY DELIVERS BRAND NEW DEDICATED LIVE STUDIO FOR BETSSON
Pragmatic Play, a leading content supplier to the iGaming industry, has expanded its partnership with Betsson Group to deliver an exclusive dedicated Live Casino studio featuring a mix of premium Blackjack and Roulette tables.
Incorporating all the fan-favourite features of Pragmatic Play’s Live Casino games, including multiplayer mode, chat functionality, and bet behind, the nine custom-built tables have been uniquely crafted to immerse players in the Betsson Group brands.
In total, eight new dedicated Blackjack tables and one new Roulette table will be broadcast from the custom-built live studio, every detail of which has been designed to Betsson’s precise requirements.
It is the latest dedicated studio to be delivered by Pragmatic Play, whose operator partners can also use Smart Studio to customise elements of the Live Casino titles to produce bespoke environments that showcase their brands.
Irina Cornides, Chief Operating Officer at Pragmatic Play, said: “Delivering a dedicated studio for Betsson marks another milestone for Pragmatic Play’s award-winning Live Casino offering. Betsson is a much-valued partner, and we are delighted to provide them with an immersive live environment that is fully dedicated to their brand.”
Chellyanne Cassar, Live Casino Manager at Betsson Group, added: “We are delighted to collaborate with Pragmatic Play to ensure delivery of a bespoke dedicated studio, where we can showcase our brand-new Blackjack and Roulette tables.
“The partnership highlights our shared commitment to delivering unparalleled gaming experiences, and we’re thrilled with the final results of the studio.”
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