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STS Improves Financial Position in Poland

Niji Narayan

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STS Improves Financial Position in Poland
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STS Gaming Group, the premier betting company in Poland, has improved its financial position in the first half of 2020, according to the data on tax revenues published by Poland’s Ministry of Finance. This is impressive because the legalized sports betting industry overall has paid PLN 343.4 million of gambling and lottery tax in in the first half, suggesting a 10% dip year on year.

Betting companies contributed PLN 138.6 million to the Treasury, a decrease of 26.6%.

STS meanwhile has reported a revenue increase of 4% year on year. It has improved its position, as it controls almost 50% share of the Polish sports betting sector.

Central Europe

Habanero one of first to go live in newly regulated Germany

George Miller

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Habanero one of first to go live in newly regulated Germany
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Supplier launches with Löwen Play following social casino success

  Premium slots and table games provider Habanero has staked its claim in Germany as one of the first suppliers to go live under the jurisdiction’s newly regulated framework.

The provider’s immersive social casino offering has already proved popular in the country, having recently debuted earlier this year in partnership with Löwen Play GmbH.

Germany-based players can now also enjoy Habanero’s acclaimed real-money games catalogue, shortlisted for both SBC and EGR awards, which launched in the territory on October 15th, the day that its online gaming market formally opened.

The content developer’s German debut follows an impressive series of agreements it has signed with globally renowned operators such as Marathonbet and Bet365, as well as Southern European leaders including SuperSport and Lottomatica.

Arcangelo Lonoce, European Head of Business Development at Habanero, said: “Germany is set to become one of Europe’s most important markets in the coming years, so it’s fantastic that our hit games went live on the day its regulatory framework came into effect. 

“Our partnership with Löwen Play has been of strong mutual benefit, and we anticipate that the company will continue to go from strength to strength in Germany and beyond.” 

Tal Zamstein, Managing Director at Löwen Play’s Digital Unit, said: “Habanero’s world class portfolio has already been hugely successful with our social casino outlet, so we are thrilled to introduce players to its celebrated real-money catalogue.  

“Recent months have seen the studio further strengthen its position among Europe’s fastest-growing suppliers, and we have no doubt that it will continue to attract new audiences going forward.” 

 

 

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Central Europe

Zeal Network Raises Fiscal Year Guidance After Strong Q3 Performance

Niji Narayan

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Zeal Network Raises Fiscal Year Guidance After Strong Q3 Performance
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German lottery provider ZEAL Network has raised its fiscal year guidance after posting better than expected preliminary results for Q3 2020.

Supported, among other things, by the good jackpot development of the German lottery Lotto 6aus49 in Q3 2020, the continued high marketing investments led to a growth in billings, revenue and new registered customers that exceeded expectations.

Due to the increased marketing investments of €25.3m (2019: €17.9m) to acquire new customers, ZEAL was able to gain 787,000 new registered customers in the German segment in the first nine months of 2020 alone, with a preliminary CPL of €27.58.

According to preliminary calculations, billings increased by around 42% to €471.8m in the first nine months of 2020 (2019: €332.6m). The German segment contributed a preliminary €470.9m to this.

In a year-on-year comparison, it should be noted that ZEAL 2019 offered additional products in the secondary lottery business which were discontinued in October 2019 due to the business model change. Moreover, Lotto24’s online lottery brokerage business has only been part of ZEAL Group since 14 May 2019. The Lotto24 billings up to that date were, therefore, not included in the previous year’s figures.

Due to the expected revenue dis-synergies in connection with the business model change, revenue decreased by a preliminary 31% to €63.9m (2019: €93.2m). Similar to billings, revenue in the first nine months of 2019 still included the secondary lottery business, but not Lotto24’s online lottery brokerage business up to 14 May 2019. Revenue in the German segment amounted to a preliminary €57.8m in the first nine months of 2020.

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Central Europe

Endorphina meets new German regulations

George Miller

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Endorphina meets new German regulations
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The popular Endorphina game provider proudly announced its compliance with the new German regulations. The German authorities recently stated that German-facing online gambling operators that offer casino and poker products must comply to the new federal gambling treaty.

Operators who comply with these rules by October 15 will be assured they won’t face prosecution by German authorities or barred from applying for a license next year.

Endorphina’s games meet all German requirements such as having a game portfolio in the German language, a minimum 5 second spin, no auto-spin, displaying a win probability and RTP, amongst many others by the re-quired date of October 15, 2020.

A few words from Endorphina’s own CEO, Jan Urbanec:

“We are proud of our collaboration and the fast paced sprint that resulted in us delivering a solution for the Ger-man market. The combined effort of our legal and development team allowed us to quickly extract the details re-quired from the German regulation and to implement them into our games so we do not disrupt the player’s expe-rience.”

Want to include some engaging themes, graphics, and solid mathematics into your portfolio? Give your players some real endorphins that will surely comply with German regulations.
Contact Endorphina at https://endorphina.com/contact-us

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