Connect with us
European Gaming Congress Milan
SIS

Industry News

Fortuna registers healthy growth in Q1

Niji Narayan

Published

on

Photo credits: http://e-playonline.com
Reading Time: 1 minute

The Netherlands-based Fortuna Entertainment Group has recorded a 157.6 per cent growth in the first quarter compared to that in the previous year. The total gross income of the company touched €110 million.

The company attributed this phenomenal growth to its ongoing growth strategy that resulted in a sharp rise in the amount staked by punters in the period.

Total consolidated income before interest, tax, depreciation and amortisation (EBITDA) reached €22.7m, because of higher betting volumes, online gaming addiction and the consolidation of Hattrick Sports Group and Fortuna Romania.

Total EBITDA for the quarter, if adjusted by one-offs related to integration, was increased by  723.9 per cent to €22.8 million.

Fortuna also reported that total net profit for quarter was up 923.6 per cent year-on-year to €14m, and if adjusted by one-offs related to integration and M&A costs, this figure increased 1113.4 per cent to €14.2m.

Per Widerström, chief executive and chairman of the board of Fortuna, said: “The strong reported financial results for the first quarter of 2018 reflect our growth strategy with investments into operational excellence, new platforms and regional expansion.

“Thanks to that, we recorded a substantial growth in all reported key indicators, this driven both by strong organic growth as well as M&A.

“We also would like to confirm our guidance for the rest of 2018.”

Source: igamingbusiness.com

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Continue Reading
Advertisement
Comments

Industry News

Push Gaming Partners with Royal Panda

Niji Narayan

Published

on

Push Gaming Partners with Royal Panda
Reading Time: 1 minute

 

Games development studio Push Gaming has signed a deal with the popular online casino operator Royal Panda. As per the deal, Push Gaming will provide Royal Panda with its full suite of games.

The integration will see Royal Panda players be able to access more than 25 titles including Razor Shark, Wild Swarm, Immortal Guild and Tiki Tumble for the very first time.

“This is a great partnership for us to enter as Royal Panda is a popular casino brand in the UK and growing in emerging markets. This deal is testament to the popularity of our games, and we believe they will be a big hit with Royal Panda players,” James Marshall, CEO of Push Gaming said.

“Push Gaming are behind some of the most thrilling slots games on the market and we are thrilled to be able to offer them to our players. Titles such as Jammin Jars and Razor Shark are bold and vibrant and deliver a unique gameplay that has captured the attention of players in markets all over the world. We believe they will be just as popular with our players and will be a great addition to our already packed game portfolio,” Melvin Ritsema, Managing Director of Royal Panda said.

Continue Reading

Industry News

Videoslots adds Red Tiger’s Jackpot Network

George Miller

Published

on

Videoslots adds Red Tiger’s Jackpot Network
Reading Time: 1 minute

 

Daily and hourly windfalls now available to players

Leading online casino Videoslots.com has partnered with innovative games provider Red Tiger to provide its players with daily and hourly jackpots – giving them even more chances to win big.

Videoslots prides itself on offering its players innovative content and Red Tiger’s Jackpot Network, which has already paid out nearly €9million, will now be available on all of the supplier’s slots.

These offerings include Pirate’s Plenty – Battle for Gold, Dragon’s Fire, Wild Elements, and Phoenix Fire, all of which feature the latest in top-of-the-line graphics and sounds, as well as exciting maths models.

William Ahlberg, Head of Casino at Videoslots.com, said: “The Videoslots team thrives on innovation and player-friendly tools, so we are delighted to be working with the like-minded Red Tiger.

“Winning big money from small stakes is everybody’s aim and with daily and hourly windfalls now available, we are giving more Videoslots players than ever the chance to fulfil their jackpot dreams.”

Carl Ejlertsson, Business Development Director at Red Tiger, added: “Our Jackpot Network has been a hugely popular addition to our portfolio, and we are delighted to be working with Videoslots.

“Adding these jackpots give players yet another chance of winning big prizes on already popular games and the network is sure to help boost Videoslots acquisition and retention.”

Continue Reading

Industry News

Blueprint Gaming adds The Goonies to Jackpot King series

George Miller

Published

on

Blueprint Gaming adds The Goonies to Jackpot King series
Reading Time: 1 minute

 

Players can win big from a single spin through supplier’s jackpot progressive system

The award-winning slot game The Goonies, developed by Blueprint Gaming, has been enhanced to feature the supplier’s popular Jackpot King progressive system for the first time.

Built in partnership with Warner Bros. Consumer Products, the game inspired by the popular 1980’s cult classic film now has the added incentive of players triggering the Jackpot King during any spin from any stake placed, adding a new layer of excitement to the gameplay.

In addition to the main Jackpot King pot, the system includes the Royal and Regal pots, which must be won before reaching £3,500 and £35,000 respectively.

The latest addition to the Jackpot King suite of games includes all the features and modifiers from the original release, such as Chunk’s Truffle Shuffle, Mikey’s Hidden Treasure and Super Sloth’s Free Spins.

Blueprint’s hugely successful multi-game jackpot progressive system has created multiple millionaires since launching. Jackpot King has paid out a staggering £63.7 million and has proven to increase player engagement by 40% on average when appearing on an operator’s homepage.

Jo Purvis, Director of Marketing and Relationships at Blueprint Gaming, said: “The Goonies has been an overwhelming success for operators, with players embracing the opportunity to hunt for the illusive treasure of One-Eyed Willy.

“With our Jackpot King functionality now available during the gameplay, players will be performing the Truffle Shuffle should they strike lucky and claim the big prize!”

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.