Latest News
Gaming Realms records profit
Gaming Realms has posted profit for the first time in the last financial year. There have been losses during the previous years. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at £800,000 (€915,500/$1.1m), up from a loss of £2m in the previous year.
Real-money gaming EBITDA climbed 113 per cent year-on-year to £2.7m in 2017, while social publishing EBITDA loss was cut by 97 per cent from £1.8m to €100,000.
However, Gaming Realms did register a 7 per cent year-on-year drop in revenue to £31.6m, but this decline was reduced to 1 per cent when excluding disposed, non-core assets.
Patrick Southon, chief executive of Gaming Realms said: “Achieving profitability marks a major milestone for Gaming Realms.”
“We have continued to deliver on our strategy of developing and distributing our unique Slingo branded range of games, both direct to customers via our in-house gaming and social platforms, and increasingly via licensing our games to third party operators.”
“The focus on content licensing has shown excellent early success and will provide Gaming Realms with longer term, consistent higher margin revenues.”
“The recent agreements signed with major gaming and media companies illustrate the creativity of our content, and we look forward to further progress and growth in 2018.”
Meanwhile, Gaming Realms has announced that Michael Buckley is to take on the role of non-executive chairman with immediate effect.
In addition, both Atul Bali and Chris Bell have informed the board they will not stand for re-election at the forthcoming Annual General Meeting due to other professional commitments.
Gaming Realms will now operate with three executive directors and three non-executive directors.
Source: iGamingBusiness
Australia
Secretlab partners with Fluent Commerce for Order Management
Africa
Aviatrix and Hollywoodbets ready for take-off in South Africa
The award-winning crash game Aviatrix is arriving in South Africa for the first time, exclusively with leading betting operator Hollywoodbets.
Hollywoodbets players will enjoy exclusive access to a range of daily tournaments and promotions, making their Aviatrix adventure even more thrilling. Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “Bringing Aviatrix to South Africa exclusively with Hollywoodbets is an exciting milestone for us. We’re excited to offer South African players a unique experience where they can build, customise, and pilot their own planes while competing for rewards. With Hollywoodbets, we’re confident Aviatrix will soar to new heights in this vibrant market.”
Wayde Dorkin, Head of Product at Hollywoodbets, said: “Everyone at Hollywoodbets is ready for take-off with Aviatrix. Players will be able to exclusively enjoy the game in South Africa, building their own planes, soaring through the skies and earning incredible rewards along the way. Aviatrix delivers an unmatched gaming experience that will keep players on the edge of their seats!”
Aviatrix was recently named ‘Game of the Year’ at the EGR Operator Awards 2024.
The title is constantly updated with new features and functionality, such as the ability to claim free bets with promo codes within the game.
Latest News
DATA.BET Announces Strategic Partnership with Nubet
DATA.BET has announced a strategic partnership with Nubet. Through this partnership, Nubet will leverage DATA.BET’s Single Page Application with Data Feed that covers over 60 disciplines for both esports and classic sports. Advanced Risk Management that blends AI-driven analytics with expert oversight to optimise profitability while safeguarding against market volatility.
The company offers Nubet a fully customisable platform with greater flexibility and integration options. Optimised for SEO and supporting over 25 languages, it enables the betting brand to effectively reach diverse markets while providing a seamless, personalised experience that aligns with the specific needs of users from the North European region.
DATA.BET provides Nubet with an odds line built on official data that is expertly processed by its in-house trading team. This Data Feed offers unparalleled accuracy, with market delays reduced to as little as 1 second. Also, the partner will get a suite of interactive Widgets, such as Scoreboards and the Pitch Tracker, all supported by trusted data partners.
“We look forward to partnering with our new client to boost revenue through our progressive technologies and dedicated team. This collaboration not only enhances the user experience in esports betting but also represents a strategic entry into an exceptionally promising region for us,” said Otto Bonning, Head of Sales at DATA.BET.
Niko Marttinen, Head of Trading, added: “We are delighted to collaborate with DATA.BET, whose technology and industry expertise align perfectly with our mission to deliver exceptional value to our users. Partnering with us as a premium provider, powered by licensed content from DATA.BET, marks a transformative step forward for our company.”
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