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Portugal’s iGaming Revenue Increases in Q1 2019

Niji Narayan

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Portugal’s iGaming Revenue Increases in Q1 2019
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Portugal’s regulated online gambling market has achieved a new quarterly revenue record of €47.3m in Q1 2019. According to official figures released by national regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), this is the highest quarterly revenue total since the country launched its regulated market in May 2016.

The Q1 total is also more than half of the igaming revenue Portugal generated in the whole of last year (€78.9m). Sports betting was the main source of income for the market’s ten igaming licensees, accounting for €24.8m of the total.

Portuguese punters wagered a total of €131.3m on sports during the quarter. In terms of customer spending, online casino was some way ahead, as punters wagered a total of €608.6m in the quarter.

Operators generated €22.6m in revenue, up 45.9% year-on-year. Slots were the most popular form of casino gambling in Q1, with a market share of 63%. French roulette ranked second with 14.8%, with blackjack on 7.8%. However, it was more bad news for the poker market, which saw revenue drop for the third consecutive quarter.

In terms of land-based gaming for the quarter, revenue slipped 2% year-on-year to €75.1m, primarily due to a decline in table games revenue.

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ZEAL Network Reports Good Start to 2021

Niji Narayan

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ZEAL Network Reports Good Start to 2021
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German online lottery products provider ZEAL Network SE has reported a good start to 2021, with the company increasing its revenue, profitability and achieving a strong gross margin.

In the first quarter of 2021, billings rose by 17% to EUR 163.31 million (2020: EUR 140.0 million), of which the Germany segment accounted for almost the entire amount at EUR 163.3 million (2020: EUR 139.7 million). Revenue increased by as much as 19% to EUR 22.6 million (2020: EUR 19.0 million), of which EUR 21.1 million was attributable to the Germany segment (2020: EUR 17.0 million). At 12.7%, the gross margin in the Germany segment was above the prior-year level (2020: 12.1%).

During the fiscal period, the Company gained 156 thousand new registered customers in the Germany segment (2020: 206 thousand). Adjusted EBITDA rose to EUR 4.6 million (2020: EUR 2.8 million) – there were no non-recurring expenses or income. The Germany segment accounted for EUR 4.1 million of this amount (2020: EUR 1.9 million). EBIT and net profit of EUR 2.4 million and EUR 2.5 million, respectively, were also well above the prior-year figures (2020: EUR 0.0 million and EUR 0.1 million, respectively).

“We are pleased that, following the LOTTO24 takeover, the business model change and the organisational adjustments, we will again be able to publish truly comparable figures in the current and previous reporting periods with the first quarter of 2021. In addition, we already demonstrated in the past year that we are capable of exploiting market opportunities, adapting to dynamic environments and continuously fine-tuning our business model. We are consistently continuing along this path,” Jonas Mattsson, CFO of ZEAL Network SE, said.

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Industry News

Dutch Lottery Board Appoints Alexander Pechtold as Chairman

Niji Narayan

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Dutch Lottery Board Appoints Alexander Pechtold as Chairman
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The Dutch Lottery’s supervisory board has appointed retired politician Alexander Pechtold as chairman. He replaces the outgoing chairman of the board, Jan Loorbach, whose tenure has come to an end.

Pechtold is currently general director of The Netherland’s central bureau for driving licences. Before retiring from politics, he had a long career in the Democrats 66 (D66) party, including a 12-year tenure as a parliamentary leader from 2006 to 2018.

“It is an honour to be able to contribute to the future of the largest socially oriented, pre-Dutch gaming organisation. The Netherlands Lottery has proven its position in the lottery market. With just as much energy and confidence, the Netherlands Lottery will also become active in the online gambling market with a responsible offer,” Pechtold said.

“The board and the entire management of the Dutch Lottery are happy with the arrival of Alexander Pechtold. He is introduced to a healthy and future-oriented organisation, and we look forward to continuing to build on our position in the gaming market with the supervisory board,” Niels Onkenhout, CEO of Dutch Lottery, said.

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Industry News

CT Gaming Interactive Content Live on New Casino Brands via BlueOcean

Niji Narayan

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CT Gaming Interactive Content Live on New Casino Brands via BlueOcean
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Online gaming content and solutions provider CT Gaming Interactive has taken its content live with new casino brands through the BlueOcean platform.

The launch on new sites continues the expansion of the company’s reach. The players’ favourite games will be available to the platform’s operating partners horuscasino.com, fortunepanda.com, hazcasino.com and vegazcasino.com. Among the titles which have gone live with the new brands are Lucky Clover, 40 Treasures, Bombay Gems, Dancing Dragons, Darkwoods, Pot o’ Luck, Ramesses the Great and Wizard Blizzard.

“We are delighted to be partners with a platform as forward-thinking as BlueOcean and I am certain our games will be excellently perceived by its operating partners’ players,” Milena Tsankarska, Business Development Manager at CT Gaming Interactive, said.

“We are definitely satisfied with how our partnership with CT Gaming is growing as we already managed to successfully distribute their games to a nice number of online casino operators and we are positive that with time we will be able to expand the collaboration even more,” Dejan Jović, CEO of BlueOcean Gaming, said.

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