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Danske Spil’s H1 Revenue Declines
Danske Spil, the state-controlled gaming operator in Denmark, has witnessed a moderate reduction in its year-on-year gross gaming income in the first half of the year – mainly because of its move to divest its stake in CEGO, a games development studio proved pivotal. The mounting costs also played a part in the decline of the net profit.
The company recorded a revenue for gross gaming for the 6 months to the 30th of June, 2019 totaled DKK2.49 billion (£301.3 million/ €333.9 million/ $367.6 million), down from DKK2.54 million last year.
The company spokesperson said this was because they sold their stake in CEGO to the original owner of the studio and the private equity fund through Equity III. The sale happened towards the end of June, with the company selling off a whopping 60% of the stake they bought in 2014 for a sum that was never disclosed.
With regards to the ongoing operations, income from the lottery division of Danske Lotteri Spil also dropped from DKK1.37 billion to DKK1.24 billion. This is still the company’s major source of income as it what’s been keeping them afloat.
Revenue from the online gaming division of Danske Licens Spil rose from DKK977 million to DKK1.06 billion. However, slot manufacturer business and the gaming hall Elite Gaming offered an extra DKK188.9 million in income, flat year-on-year.
On the other hand, the operator saw their income from Swush fantasy sports business reduce from DKK8.5 million to DKK3.9 million.
Talking about the results, Susanne Mørch Koch, Danske Spil’s chief executive, was of the opinion that the results were okay and expressed satisfaction with the performance in the first quarter. She added that the company was fully committed to improving its digital offering.
Koch specifically mentioned the acquisition of Tivoli Casino, the online casino that is named after the amusement park in Copenhagen, as an important highlight in the time.
“We have succeeded in maintaining the healthy operation of the company and at the same time continuing and intensifying our digital development, which further strengthens Danske Spil’s position with our customers and helps to grow Danske Spil’s market share,” Koch said.
“At the same time, we have completed two large transactions and thus strengthened our core business. Danske Spil took over Tivoli Casino and sold its share of CEGO; a sale that took place on terms that were very satisfactory for Danske Spil and our owners.”
The expenditure at Danke Spil also saw a reduction from DKK1.78 billion in 6 months of 2018 to DKK1.67 billion in 2019. Staff costs increased from DKK136.7 million to DKK148.9 million, while write-downs and depreciation rose from DKK81.5 million to DKK126.1 million
Danske Spil was able to save cost in other areas, with other external expenditure cut from DKK399.7 million to DKK359.9 million.
However, in spite of reduced overall spending, profit before tax reduced from DKK1.16 bilion to DKK1.05 billion, while net profit for that period dropped from DKK928.0 million to DKK872.8 million.
Peter Gæmelke, the operator’s chairman said the results were quite satisfactory.
“We have succeeded in having a solid operation while also making significant changes in the way we do things in Danske Spil,” he went on to explain. “We on the board would like to emphasise that the business has continued its digital transformation, while at the same time focusing on our core business, and remaining the best and most available gaming company in Denmark.”
“I am pleased that we have also taken significant steps in 2019 to ensure that we live up to these goals.”
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Relax Gaming skates into action with the launch of Winter Champions
Relax Gaming, the leading iGaming aggregator and content provider, is taking players on an exhilarating snowy adventure with the launch of Winter Champions, a sports-themed slot that propels players through the mountain tops in pursuit of golden victories.
At the heart of Winter Champions is the innovative Sliding Respins mechanic, ensuring the reels remain active as long as winning combinations continue to land, adding a layer of non-stop excitement to the gameplay.
With a maximum win potential of 6,000x the player’s bet, this dynamic slot is designed to captivate both sports fans and slot enthusiasts alike.
The game’s standout features are its three thrilling bonus rounds—Ski Jumping, Ice Hockey, and Curling—triggered when three Wild symbols are on the reels at the same time.
In the Ski Jumping Bonus, each Rolling Respin brings players closer to the top prize, with Wilds boosting rewards by up to 5x. The Ice Hockey Bonus sees players collect pucks and score goals to multiply their values, while the Curling Bonus offers the challenge of stacking stones to unlock reel-filling multipliers.
Designed with stunning visuals and a festive atmosphere, Winter Champions is set to become a go-to for players looking for dynamic gameplay and the potential for big wins.
Shelley Hannah, CPO at Relax Gaming, said: “We are excited to introduce Winter Champions, a slot that truly captures the excitement and competitive spirit of winter sports. The Sliding Respins mechanic adds dynamic gameplay, while the three unique bonus games ensure there’s something for everyone.”
“We believe this game will deliver hours of fun and plenty of big-win potential for players that will continue beyond the winter season.”
Established as one of the industry’s leading B2B suppliers, Relax Gaming was awarded GGA’s Product Launch of the Year in February 2023 for Dream Drop Jackpots. Money Train 3 was named the 2023 CasinoBeats Game Developer Awards amongst its 6 Slot of the Year titles, while the brand also won the award for Skill Games Supplier at the 2023 EGR B2B Awards along with the Innovation in Mobile award at the 2023 SBC Awards.
Relax Gaming provides more than 4,000 online casino games, from its high-performing proprietary slots to a significant, varied library of content from hand-picked third-party studios via its partnership programmes.
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Evoplay brings sweet wins and Italian charm with Dolce Dreams
Evoplay, the award-winning game development studio, has revealed its latest immersive slot, Dolce Dreams, offering a sweet twist on the classic Italian café culture, with the experience designed for high engagement and substantial win potential.
Set against the backdrop of a charming streetside cafe, Dolce Dreams features stacked Wilds in the form of waffle ice creams, which substitute for other symbols to maximise winning combinations.
The game’s Ice Cream Collector feature activates when the Ice Cream Collector symbol appears anywhere on the reels, collecting all values from the Ice Cream symbols in view for delicious rewards.
Three or more Free Spins symbols will trigger the Free Spins, which can be retriggered as players look to land wins that will make their tastebuds tingle.
In certain jurisdictions, users can access Free Spins directly by opting for the Bonus Buy feature, with the choice of buying 10, 15, or 20 spins.
It is the latest title to join Evoplay’s portfolio, following successful launches such as Hercules: Sports Legend and Chained Fighters.
Ivan Kravchuk, CEO at Evoplay, said: “With Dolce Dreams, we’ve captured the beauty of Italian café culture in a straightforward yet rewarding game structure, focusing on player engagement and dynamic gameplay.”
“As we continue to grow our portfolio, we look forward to strengthening our partnerships by offering innovative content that appeals to a broad audience.”
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Expanse Studios (GMGI) Seals Strategic Partnership with Novibet
Expanse Studios, the iGaming content development studio and a subsidiary of Golden Matrix Group Inc. (NASDAQ: GMGI), has announced an exciting global content partnership with Novibet, one of the most dynamic operators in the international betting and iGaming industry. This collaboration represents a significant step in broadening Expanse Studios’ global footprint with innovative games to millions of players worldwide.
Through this partnership, Novibet’s extensive player base will gain access to Expanse Studios’ diverse game portfolio, featuring a mix of engaging slots, crash games, social casino games, turn based strategies, scratch cards and unique gamified experiences. With this integration, Novibet enhances its already robust platform, offering players an enriched gaming journey powered by Expanse Studios’ cutting-edge technology and creativity.
Commenting on the partnership, Damjan Stamenkovic, CEO of Expanse Studios, stated: “Sealing the deal with Novibet is a pivotal moment for us. This partnership reflects our commitment to delivering a best-in-class gaming experience while reaching new heights in the global iGaming arena. We are honored to collaborate with such a forward-thinking operator and are excited about the opportunities this will unlock for both companies.”
Similarly, Foteini Matthaiou, Casino Product & CRM Director at Novibet, highlighted the synergy between the two companies: “We are thrilled to team up with Expanse Studios. At Novibet, our priority is creating exceptional experiences for our players, and Expanse Studios’ unique offerings perfectly align with this vision. Together, we aim to craft unforgettable moments of fun and excitement for players across the globe.”
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