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Italian Operators Receive Tax Break as Part of Economic Relief Package

Niji Narayan

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Italian Operators Receive Tax Break as Part of Cura Italia
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Italy’s head of state Sergio Mattarella has signed an economic relief package to relieve individuals and businesses affected by COVID-19.

The “Curia Italia” package will allow a number of sectors, including the country’s land-based gaming industry to benefit from the delayed payment of taxes and licence fees until the end of May. This also applies to Bingo operators and Video Lottery Terminals.

Despite an uptick in online activity, a number of operators have been hard hit by the retail shutdown.

In an update, Playtech said: “Playtech’s Poker and Bingo businesses have seen increases in activity in recent days following the restrictions on physical movement put in place by various governments. The Company believes there is a risk that player behaviour changes the longer the COVID-19 situation continues.”

“Playtech’s facility in the Philippines has been closed with traffic being redirected to other facilities. While its facilities in Riga and other locations currently remain operational, there is a risk that these facilities will need to close in the future,” Playtech added.

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Quik Partners with Premier Gaming

Niji Narayan

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Quik Partners with Premier Gaming
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Quik Gaming has partnered with Malta-based online casino operator Premier Gaming.

As per the deal, Premier Gaming players will soon have access to Quik’s diverse portfolio of Unique Live Games, including SuperBlocs, the twist-on-a-classic Lotto Roulette, as well as the thrilling Wheel of Fire: Single Player and Live game.

“We look forward to working with Quik Gaming. It has been some time since we’ve seen such fresh content appear on the market. This is a very interesting moment for us as we expand our product offering with Quik,” Marvin Abela, Director of Premier Gaming, said.

“Teaming up with Premier Gaming’s brands is a very exciting event! It is a fast-growing operator expanding into several markets. This is a great step for Quik and we are beyond proud to see our Unique Live Games be made available to its players in Q2 of 2021 for the first time,” Timothy Bartolo Parnis, COO of Quik Gaming, said.

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Industry News

Catena Media Publishes Preliminary Revenue Estimates for Q1 2021

Niji Narayan

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Catena Media Publishes Preliminary Revenue Estimates for Q1 2021
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Catena Media has announced its preliminary revenue estimates for the first quarter of 2021.

The revenues are estimated to be in the range of EUR 39.1m–40.4m (Q1 2020: EUR 26.7m), reflecting an estimated increase in the range of 46–51% compared to the same period last year and a record in quarterly revenues for the company.

The adjusted EBITDA, excluding items affecting comparability, is estimated to be in the range of EUR 23.9m–25.0m (Q1 2020: EUR 12.9m), reflecting an estimated increase in the range of 85–94% compared to the same period last year and a record in quarterly earnings for the company. The adjusted EBITDA margin is estimated to be in the range of 59–62% (Q1 2020: 48%).

The solid outcome is primarily the result of a dedicated team effort to leverage the global business’s strong market momentum and particularly the strong performance of the US business, supported by the successful launch of operations in Michigan and Virginia during January. The final results for the first quarter of 2021 will be published on 19 May 2021.

“This trading update reaffirms our strong start to the year, and I am excited and proud of our teams’ exceptional focus on driving our global portfolio of affiliation brands, and the resulting performance,” Michael Daly, CEO of Catena Media, said.

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Quixant Launches New Gaming Hardware Platforms

Niji Narayan

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Quixant Launches New Gaming Hardware Platforms
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Quixant, a global leader in gaming technology, has launched its new range of gaming hardware platforms.

The new range has been designed to meet the needs and regulations of the gaming world, to provide maximum performance based on budget, market and product needs of game manufacturers and includes a product category designed to cater to markets where value for money is key. All of Quixant’s gaming hardware platforms include the market-leading Quixant Software Hub.

“The last year for Quixant has been about preparing for the future and providing the gaming industry with solutions that deliver exceptional gaming experiences to a global consumer audience with a pent-up desire to enjoy the thrill of gaming once again,” Duncan Faithfull, COO of Quixant, said.

“Quixant has listened to its customers and the needs of the market and is delighted to be launching this new range of gaming hardware platforms that caters to the evolving needs of the gaming industry,” Duncan Faithfull added.

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