Latest News
Gambling.com Group Publishes Q3 2020 Interim Report
Q3 Interim Report | 3 months ended 30 Sept 2020
JULY-SEPT 2020 (COMPARED WITH JULY-SEPT 2019)
- Revenues totaled EUR 6.33 (4.16) million, an increase of 52%, all of which was organic growth.
- Adjusted EBITDA excluding non-recurring costs totaled EUR 3.30 (0.61) million, corresponding to an adjusted EBITDA margin of 52 (15)%
- EBITDA totaled EUR 3.31 (0.47) million, corresponding to an EBITDA margin of 52 (11)%
- Net cash generated from operating activities was EUR 3.47 (0.88) million
- New Depositing Customers (NDCs) totaled 28,108 (18,411), an increase of 53%
JAN-SEPT 2020 (COMPARED WITH JAN-SEPT 2019)
- Revenues totaled EUR 15.79 (13.83) million, an increase of 14%, all of which was organic growth.
- Adjusted EBITDA excluding non-recurring costs totaled EUR 7.29 (3.37) million, corresponding to an adjusted EBITDA margin of 46 (24)%
- EBITDA totaled EUR 7.01 (3.16) million, corresponding to an EBITDA margin of 44 (23)%
- Net cash generated from operating activities was EUR 6.45 (3.55) million
- New Depositing Customers (NDCs) totaled 69,190 (65,163), an increase of 6%
SIGNIFICANT EVENTS DURING THE THIRD QUARTER 2020
- Launch of SlotSource.com on the US market | Gambling.com Group launched SlotSource.com in regulated US states to empower American online slot players.
- Sweden deposit and bonus limitations | The Swedish government temporarily introduced deposit and bonus limitations for gambling operators from July 2 to December 31, 2020.
- Responsible Gambling Resources | New extensive problem gambling resources were added to Gambling.com as part of a new Responsible Gambling Center.
- Illinois Approval | The Group received approval from the Illinois Department of Business Services to provide marketing services to licensed gaming operators in the state.
SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD
- EGM | An Extraordinary General Meeting was held on October 22, 2020. Directors’ remuneration and the issuance of options, warrants, and stock under the 2020 Stock Incentive Plan was approved.
- Local gambling regulation in Germany | The Minister-Presidents of Germany’s 16 federal states ratified the new regulatory framework for gambling due to come into force in July 2021. A transition period became effective on October 15, 2020.
“The Group delivered another record performance in Q3, with quarterly revenue growing 52% year over year and 11% sequentially against Q2, all of which was organic. Our technology platforms that went live earlier in the year have significantly improved both commercial metrics across our sites and operational efficiencies. As a result, we are now in a position to scale investment in product and marketing with a particular focus on the fast-growing US markets and the expansion of our sports offering.” – Charles Gillespie, Chief Executive.
Latest News
Conall McSorley Announced as New Head of Racing at SIS
Experienced industry figure to oversee racing product portfolio
Sports Information Services (SIS), the leading multi-content supplier of 24/7 live betting services, has announced the promotion of Conall McSorley (pictured) to Head of Racing.
In his new role, McSorley will be primarily responsible for SIS’ racing product proposition, shaping the strategy and direction across retail and digital channels. He will work with stakeholders globally to develop the best live racing offering for operators and end users while continuing to oversee SIS’ non-Americas international racing portfolio.
With over 20 years of experience holding several senior executive positions with betting operators and suppliers, McSorley will drive the continued development and delivery of the SIS racing offer that comprises a 24/7, end-to-end solution, presenting a regular flow of short-form betting opportunities to operators worldwide.
SIS carries over 35,000 horse races and more than 27,000 greyhound races annually, with action from over 170 tracks producing 8,760 hours of highly engaging betting content for global operators.
“Our 24/7 racing offering delivers great value to operators all over the world, so it is an honour to be handed the task of overseeing a product that drives revenues while being enjoyed by millions of people,” McSorley said. “We will continue striving to further develop our high-quality product, which offers a constant stream of regular betting opportunities.”
“Conall has shown in his time with SIS that he has the product knowledge and commercial acumen that will help us to continue leading the way in delivering top-class products to a growing number of partners,” the Chief Operating Officer for SIS, Andy Purkiss, said. “We’re excited to see him take on this new role and look forward to building on the strong momentum our racing offering has produced in recent months while adding value for our customers and rights partners.”
Latest News
Checkd Group Accelerates Growth Strategy with James Prosser Appointment
Industry veteran joins as a consultant in run-up to Euro 2024
Technology-led sports betting specialist Checkd Group has appointed James Prosser (pictured) as Growth Consultant in a move designed to boost revenue generation potential ahead of a big summer of football.
Bringing a fresh and innovative approach to product and content, Prosser will take up a short-term role to focus on the quality of the user experience across all channels, providing a revamped and more customer-friendly product ahead of Euro 2024. This will comprise expanded bet types, improved customer journeys and better conversion for Checkd’s operator partners.
With over ten years of experience in the industry, Prosser will also add value to several teams across Checkd Group through his vast experience, knowledge and network in the affiliate space. The ex-Spotlight Sports Group Affiliate Director and co-founder of Free Super Tips and myracing will also aid the team’s long-term strategy by diversifying traffic sources.
The new addition follows the recent creation of Checkd Media’s new Digital PR team, boosting its organic search performance across its key sites in the United Kingdom and the Americas.
“I’ve long been impressed by how Checkd Group have performed predominantly through its social channels, so it was an easy decision to agree to join its team,” Prosser said. “To build on this success, we’re looking at taking a holistic view across all channels and diversifying traffic sources with a focus on data-driven solutions to elevate visibility and conversions. I’m looking forward to contributing to the excellent team already in place and providing additional expertise and experience to help shape the future of Checkd Group’s digital offering.”
“James’ addition to our team as a dedicated Growth Consultant marks a significant milestone in our journey toward exponential growth,” the Managing Director for Checkd Media, Alex Beecham, said. “With his previous experience and expertise in the space, James is already adding value and ideas on how we can optimise the user journey and conversion touchpoints. The move should help push on our platforms ahead of the Euros and new NFL season in the United States.”
Conferences in Europe
ITL Spain head to Madrid for the largest gaming exhibition in the Spanish calendar
Innovative Technology (ITL) have announced their participation at the largest global network of gaming professionals in Spain. From 7-9 May 2024, Madrid will become the centre of the Spanish gaming industry, celebrating the 40th anniversary of Feria Internacional del Juego (FIJMA).
FIJMA is the most important event in the leisure and gaming industry in Spain where the main companies, manufacturers and experts in the industry gather to learn about the latest slots and gaming equipment innovations. The Spanish team at ITL will be exhibiting their solutions on stand A49 and plan to have their latest note recyclers and coin handling products centre stage, as well as demonstrating how their biometrics solutions can be utilised to benefit the gaming industry to prevent underage gambling.
Jose Garcia Escudero, General Manager for ITL Spain said, “We are looking forward to showing how combining our compact note recycler (NV22 Spectral) and advanced coin recycler (SMART Coin System) gives the best fit for cash handling efficiency for gaming machines in Spain. These solutions now dominate the Spanish gaming market giving operators considerable float management savings, fewer refills, and a massive reduction in coin starvation for improved machine uptime. We’ll also show the new NV4000 mixed denomination note recycler to the Spanish gaming market for the first time, ideal for high volume applications like change and redemption terminals.”
ITL have a range of AI-powered biometric solutions which perform accurate age verification at gaming venue entrances or integrated in gaming machines.
Continuing Jose said, “We will also have our age check devices on the stand for visitors to demo which can help operators prevent someone potentially underage or even self-excluded trying to play a machine or access an age restricted area. ICU Lite can be fully integrated in a gaming machine or betting terminal to automatically estimate age to prevent minors from playing. MyCheckr can be utilised at 18+ entrances to prevent access. Both devices have a one-off cost with no subscriptions and no internet required. Our technology is affordable, available to all and trusted, with no biometric personal data stored.”
Concluding Jose said, “We have very strong relationships with the Spanish market and we’re proud to know that our products will be displayed on a number of stands from our long standing customers. We’re looking forward to seeing everyone in person in Madrid and we welcome you all to stand A49.”
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