INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the three-month period ended March 31st, 2021, prepared in accordance with IFRS.
Group Revenue at €102.0m in 1Q21 (+9.3% y-o-y).
EBITDA in 1Q21 at €24.4m (+55.4% y-o-y), while Adjusted EBITDA at €20.8m (+56.4% y-o-y).
NIATMI (Net Income After Tax and Minority Interest) from continuing operations at €-7.3m, improved by 57.8% compared to a year ago.
North America operations, under Intralot Inc., achieved significant y-o-y growth (Revenue +21.8%, EBITDA +81.8%).
Group OPEX in 1Q21 is better by 8.3% y-o-y, with Greek entities OPEX lower by 25.7% y-o-y, without taking into consideration the capital structure optimization expenses.
Operating Cash Flow at €21.6m in 1Q21 (+127.4% y-o-y).
Group Net CAPEX in 1Q21 was €2.9m, lower by 48.2% compared to a year ago.
Group Cash at the end of 1Q21 at €90.6m.
Net Debt at €643.7m at the end of 1Q21.
The COVID-19 pandemic impact for 1Q21 has been restrained in the vicinity of €1.5m at Group’s EBITDA level.
In May 2021, INTRALOT announced the sale of its 80% stake in “Intralot do Brasil”, to SAGA, the only other shareholder of Intralot do Brasil, holding 20% of the company, for a total cash consideration of €0.7m. INTRALOT will continue to provide its gaming technology to Intralot do Brasil following closing of the transaction.
Also in May 2021, INTRALOT announced that its subsidiary in The Netherlands INTRALOT BENELUX BV, in co-operation with the Nederlandse Loterij, completed the transition of the operator’s full gaming portfolio enabled by the innovative LotosX platform, and rolled out 4,300 Photon terminals along with its robust signage solution empowering further the retail channel of Nederlandse Loterij’s Lottery games and Sports Betting offering.
Group Headline Figures
|(in € million)||1Q21||1Q20||%||LTM|
|EBITDA Margin (% on||23.9%||16.8%||+7.1pps||20.1%|
|EBITDA Margin (% on GGR)||30.3%||21.1%||+9.2pps||25.0%|
|EBT Margin (%)||-3.3%||-16.0%||+12.7pps||-22.1%|
|NIATMI from continuing||-7.3||-17.3||57.8%||-94.1|
|Operating Cash Flow from||21.6||9.5||127.4%||49.8|
INTRALOT Chairman & CEO Sokratis P. Kokkalis noted:
“First quarter results show strong Revenue and EBITDA growth, driven by robust operational performance and successful implementation of cost containment measures, while maintaining a strong cash position. At the same time, we continue to sharpen our focus on strategic markets with higher margins, launch new operations, such as Croatia, and roll out our new product portfolio, overall pointing to a very healthy operational performance for 2021.”
- OPEX presented exclude the capital structure optimization expenses.
- The Group defines “EBITDA” as “Operating Profit/(Loss) before tax” adjusted for the figures “Profit/(loss) from equity method consolidations”, “Profit/(loss) to net monetary position”, “Exchange Differences”, “Interest and related income”, “Interest and similar expenses”, “Income/(expenses) from participations and investments”, “Write-off and impairment loss of assets”, “Gain/(loss) from assets disposal”, “Reorganization costs” and “Assets’ depreciation and amortization”.
- Calculated as Proportionate EBITDA of fully consolidated entities including EBITDA from equity investment in Taiwan.
OVERVIEW OF RESULTS
Reported consolidated revenue posted an increase compared to 1Q20, leading to total revenue for the three-month period ended March 31st, 2021, of €102.0m (+9.3%).
- Lottery Games was the largest contributor to our top line, comprising 63.0% of our revenue, followed by Sports Betting contributing 19.1% to Group turnover. VLTs represented 8.7% and Technology contracts accounted as well for 8.7% of Group turnover, while Racing constituted the 0.5% of total revenue of 1Q21.
- Reported consolidated revenue for the three-month period is higher by €8.7m year over year. The main factors that drove top line performance per Business Activity are:
- €+1.3m (+3.9%) from our Licensed Operations (B2C) activity line, with the increase attributed mainly to higher revenue in:
- Malta (€+2.8m), with the variance attributable mainly to the COVID-19 impact at the end of the first quarter of 2020.
The increase in our Licensed Operations activity line was partially mitigated by the lower performance in:
- other Licensed Operations (referring to Brazil and Argentina), which dropped by €-1.5m, impacted mainly by the FX currency translation.
- €+5.3m (+65.4%) from our Management (B2B/ B2G) contracts activity line with the variance driven by:
- the surplus from our Turkish operations (€+3.1m), driven by Bilyoner’s improved top line performance, favored by the strong growth of the online market. In 1Q21, the local Sports Betting market expanded close to 2.0 times y-o-y, with the online segment representing close to 92% of the market at the end of 1Q21. Performance in Euro terms was partially mitigated by the headwinds in Turkish lira (32.3% Euro appreciation versus a year ago – in YTD average terms),
- the launch of US Sports Betting in Montana and Washington, D.C. in late 2020 (€+1.3m), and
- Morocco’s (€+0.9m or +31.2% y-o-y) improved performance, due to the COVID-19 impact in late 1Q20.
- €+2.1m (+4.0%) from our Technology and Support Services (B2B/ B2G) activity line, with the increase attributed mainly to:
- our US operations’ increased revenue (€+5.5m), mainly driven by the strong growth in our Lottery operations, while further boosted by a significant jackpot in January 2021, despite the effect from the adverse USD movement (9.1% Euro appreciation versus a year ago — in YTD average terms) and the lower merchandise sales in the current period.
The increase in our Technology and Support Services activity line was partially mitigated by the lower performance in:
- The Netherlands (€-1.2m), impacted by the revised commercial terms which affected half of the first quarter of 2020 vs. full quarter effect in 2021,
- Australia (€-1.1m), driven mainly by one-off merchandise sales in 1Q20, as well as the phasing-out of COVID-19 impact, while partially offset by the favorable currency movement, and
- sales from other jurisdictions (€-1.1m), impacted mainly by lower merchandise sales in the current period and the COVID-19 impact.
- Constant currency basis: In 1Q21, revenue — net of the negative FX impact of €13.2m — reached €115.2m (+23.5% y-o-y).
GROSS GAMING REVENUE & Payout
- Gross Gaming Revenue (GGR) from continuing operations concluded at €80.5m in 1Q21, posting an increase of 8.3% (or €+6.2m) year over year, attributable to:
- the increase in the non-payout related GGR (€+7.7m vs. 1Q20), driven mainly by the increased top line contribution of our US operations, as well as the improved performance of Bilyoner in the current period.
The GGR increase was partially counterbalanced by:
– the drop in our payout related GGR (-10.9% y-o-y or €-1.5m), driven mainly by the higher average payout ratio across all licensed operations in 1Q21 and especially in Malta, combined with the adverse FX impact from our licensed operations in Latin America (+2.8% y-o-y on wagers from licensed operations4). 1Q21 Average Payout Ratio5 increased by 5.5pps vs. LY (64.0% vs. 58.5%), affected mainly by the higher weighted contribution from our operations in Malta.
- Constant currency basis: In 1Q21, GGR — net of the negative FX impact of €10.1m — reached €90.6m (+21.9% y-o-y).
OPERATING EXPENSES6 & EBITDA7
- Total Operating Expenses decreased by €2.1m (or 8.3%) in 1Q21 (€23.2m vs. €25.3m in 1Q20). The variance is largely driven by the lower operating expenses across many key regions, such as the US and Morocco, and especially in the HQ, following cost savings and COVID-19 mitigation actions. The decrease was further supported by lower D&A in the current period, while it was only partially offset by the higher advertising costs in Bilyoner.
- Other Operating Income from continuing operations concluded at €5.5m, presenting an increase of 52.8% y-o-y (or €+1.9m), driven by higher equipment lease income in the USA.
- EBITDA, from continuing operations, amounted to €24.4m in 1Q21, posting an increase of 4% (or €+8.7m) compared to the 1Q20 results from continuing operations. 1Q21 Organic performance8 was boosted by the significant growth of our US operations in both Lottery and the new Sports Betting stream, Bilyoner’s improved performance and the operating expenses containments across many jurisdictions. The EBITDA increase was partially counterbalanced by Malta’s higher average payout ratio in 1Q21, a one-off revenue recognition in Australia in 1Q20, the revised commercial terms in Netherlands, as well as the adverse FX impact8 of currencies movement across many key markets (mainly US and Turkey).
- Licensed Operations Revenue also include a small portion of non-Payout related revenue, i.e., value-added services, which totaled €0.8m and €0.4m for 1Q21 and 1Q20, respectively.
- Payout ratio calculation excludes the IFRS 15 impact for payments to customers.
- Operating Expenses analysis excludes expenditures related to capital structure optimization.
- EBITDA analysis excludes Depreciation & Amortization, and expenditures related to capital structure optimization.
- CPI adjusted for Turkey and Argentina (proxy).
- On a yearly basis, EBITDA margin on sales improved to 23.9%, compared to 16.8% in 1Q20 (+7.1pps), as a result of revenue growth (mainly in the US and Turkey), combined with operating expenses containments across many key regions (mainly in HQ, US and Morocco).
- LTM EBITDA rose to €74.9m, up by 13.1% vs. FY20.
- Constant currency basis: In 1Q21, EBITDA, net of the negative FX impact of €3.9m, reached €28.3m (+80.3% y-o-y).
EBT / NIATMI
- EBT in 1Q21 totaled €-3.4m, compared to €-14.9m in 1Q20, with the key drivers of the improvement being:
- the impact of the increased EBITDA (€+8.7m vs. 1Q20), as described above,
- the better FX results (€+4.2m vs. 1Q20), as a result of the USD and other currencies movement against Euro, as well as the positive effect from the reclassification of FX reserves to Income Statement applying IFRS 10, and
- the decreased D&A (€+2.2m), due to increased impairments in the previous periods.
With the increase at EBT level being partially offset by:
– the higher capital structure optimization expenses in 1Q21 (€-4.7m).
- Constant currency basis: In 1Q21 EBΤ, adjusted for the FX impact, reached €+1.0m, from €-14.1m in 1Q20.
- NIATMI from continuing operations in 1Q21 concluded at €-7.3m compared to €-17.3m in NIATMI from total operations in 1Q21 amounted to €-8.2m (improved by €9.4m vs. a year ago), including the performance of the discontinued operations in Bulgaria and Peru.
- Constant currency basis: NIATMI (total operations) in 1Q21, on a constant currency basis, reached €-10.3m from €-17.4m in 1Q20.
- Operating Cash-flow in 1Q21 amounted to €21.6m, increased by €12.1m, compared to 1Q20. Excluding the operating cash-flow contribution of our discontinued operations (mainly Bulgaria) and the capital structure optimization expenses paid, the cash-flow from operating activities is higher by €15.9m vs. a year ago and is largely driven by the positive variance in Income Taxes paid (€+12.2m), attributed to Income Tax returns during the current period vs. payments in 1Q20, and the higher recorded EBITDA y-o-y from continuing operations (€+8.7m), while partially offset by the adverse working capital movement of €-5.5m (€-7.3m in 1Q21, vs. €-1.8m in 1Q20).
- Adjusted Free Cash Flow9 in 1Q21 increased by €24.4m to €4.1m, compared to €-20.3m a year The main contributors to this variance were the positive swing in the Income Taxes Paid (€+12.2m), following an income tax return in 1Q21, the higher recorded EBITDA (€+8.7m y-o-y), and the lower Net Dividends paid (€+2.5m), driven mainly by Inteltek’s dividend paid in 1Q20 as part of settlement procedures after its contract discontinuation. Excluding Parent company tax audit payments and returns, as well as Inteltek’s contract discontinuation impact in the previous period, 1Q21 Adjusted Free Cash Flow stands at €-1.1m, or €+8.3m above 1Q20 levels.
- Calculated as EBITDA – Maintenance CAPEX – Cash Taxes – Net Cash Finance Charges (excluding refinancing charges – Net Dividends Paid; all finance metrics exclude the impact of discontinued operations.
- Net CAPEX in 1Q21 was €2.9m, compared to €5.6m in 1Q20, significantly decreased following the completion of prior years’ investments and projects. Headline CAPEX items in 1Q21 include €0.9m towards R&D and project pipeline delivery, and €0.9m in the US. All other net additions amount to €1.1m for 1Q21. Maintenance CAPEX accounted for €0.8m, or 28.0% of the overall capital expenditure in 1Q21, from €1.6m or 28.1% in 1Q20.
- Net Debt, as of March 31st, 2021, stood at €643.7m, decreased by €7.4m compared to December 31st, 2020. The Net Debt movement was impacted primarily by the Net Investments (€-13.3m, referring mainly to Intralot de Peru sale impact), the bonds IFRS treatment positive effect (€-9.3m), as well as an income tax return in the first quarter of 2021 related to the Parent Company tax audit payments of the previous periods (€-5.2m). The Net Debt decrease was only partially offset by the Restricted Bank Deposits for the period (€+3.2m), the payments towards Capital Structure Optimization (€+3.1m), and the investments towards the growth of our business, mainly for our projects in the US and Croatia (€+1.9m). Normal course of business in the Net Debt movement reflects March coupon payments and the adverse Working Capital, that fully offset the positive Operating Cash Flows.
CORONAVIRUS PANDEMIC IMPACT UPDATE
The economic fallout from COVID-19 continued to affect business activities in the beginning of 2021, and restrictions in most of the regions across the world were still enforced to cope with the spread of the pandemic. However, as vaccinations are progressing, governments have loosened COVID-19 measures after months of lockdowns, and gradually re-opened economic activities.
Gaming market in most of the regions where we operate has started to improve, while US Lottery market shows high degree of resilience. Based on the current performance of our operations in the first months of 2021 and the actions undertaken by most of our subsidiaries, no significant EBITDA impact is expected post 1Q21 from the pandemic. In any case, the scale and magnitude of COVID-19 impact for 2021 is continuously assessed and all containment measures assumed in 2020 remain intact and have been enhanced in order to absorb the potential impact in the financial results of 2021. The extent to which the COVID-19 pandemic may impact the financial performance in 2021 will depend on future development of the pandemic and the efficiency of the actions taken by the governments. This uncertainty will require us to continually adapt our strategy and initiatives and continuously assess the situation.
The health and safety of our team remains our top priority. With this in mind, we have immediately complied with all measures imposed by local governments and used technology in order to immediately enable a substantive majority of our personnel to work and collaborate remotely, without affecting the performance and quality standards of the Group.
RECENT/ SIGNIFICANT COMPANY DEVELOPMENTS
- On January 14th, 2021, the Company announced that OPAP exercised its two-year extension option of the contract with INTRALOT for the continuation of the collaboration of the two companies in the field of numerical lotteries and services from August 2021 to July 2023.
- On February 8th, 2021, INTRALOT announced that it has reached a binding agreement with Nexus Group in Peru to sell its entire stake of 20% in Intralot de Peru SA, an associate of INTRALOT Group, which was consolidated through the Equity method, for a cash consideration of USD 21.0m. In addition, the Company signed a three-year extension of its current contract with Intralot de Peru SA through 2024, to continue to provide its gaming technology and support services. The transaction was completed on February 24th, 2021, with the net cash consideration, after taxes and transaction expenses, amounting to USD 16.2m.
- On March 23rd, 2021, INTRALOT announced the amendment of the contract of INTRALOT Maroc, a subsidiary of the INTRALOT Group acting as games operator in Morocco, with La Marocaine Des Jeux et des Sports (MDJS), a state lottery offering sports betting and other games of chance in Morocco, which was signed in June 2019. According to this amendment, counterparties agree to reduce the duration of the contract, which was initially effective for an 8-year term, ending 31/12/2022.
- On May 14th, 2021, INTRALOT announced that it has reached a binding agreement with “SAGA CONSULTORIA E REPRESENTAÇÕES COMERCIAIS E EMPRESARIAIS” (“SAGA”) in Brazil to sell its entire stake in “Intralot do Brasil Comércio de Equipamentos e Programas de Computador LTDA” (“Intralot do Brasil”), representing 80% of the company’s voting capital. SAGA is the only other shareholder of Intralot do Brasil holding 20% of the company. INTRALOT will continue to provide its gaming technology to Intralot do Brasil following closing of the transaction. The total cash consideration for the stake sale amounts to €0.7m.
- On May 26th, 2021, INTRALOT announced that its subsidiary in The Netherlands INTRALOT BENELUX BV, in co-operation with the Nederlandse Loterij, completed the transition of the operator’s full gaming portfolio enabled by the innovative LotosX platform. Additionally,
INTRALOT has rolled out 4,300 Photon terminals along with its robust signage solution empowering further the retail channel of Nederlandse Loterij’s Lottery games and Sports Betting offering.
Performance per Business Segment10
Performance per Geography
|(in € million)||1Q21||1Q20||%|
|Total Consolidated Sales||102.0||93.3||9.3%|
Gross Profit Breakdown
|(in € million)||1Q21||1Q20||%|
|Total Consolidated Gross Profit||26.1||19.1||36.6%|
- Part of the US revenue that concerns SB management, has been included under the category “Game Management”. The rest of the US revenue is included under the “Technology” business segment.
|Gross Margin Breakdown|
|Total Consolidated Gross Margin||25.6%||20.5%||+5.1pps|
INTRALOT Parent Company results
- Revenue for the period decreased by 55.3%, to €4.6m, with the decrease attributable mainly to one-off equipment sales in 1Q20, as well as lower rendering of services towards the Group’s subsidiaries in the current period.
- EBITDA shaped at €-4.5m from €-2.4m in 1Q20, variance affected mainly by the revenue decrease, while partially offset by the containments in the Company’s operating expenses.
- Earnings after Taxes (EAT) at €-0.1m from €-10.2m in 1Q20.
|(in € million)||1Q21||1Q20||%||LTM|
|Other Operating Income||–||–||–||0.2|
- Operating Expenses and EBITDA presented exclude the expenditures related to capital structure optimization.
SUMMARY OF FINANCIAL STATEMENTS
Group Statement of Comprehensive Income
|(in € million)||1Q21||1Q20||%||LTM|
|Other Operating Income||5.5||3.6||52.8%||19.5|
|Capital Structure Optimization||-5.0||-0.3||–||-11.5|
|Interest expense (net)||-11.8||-12.0||1.7%||-48.2|
|Group Statement of Financial Position|
|(in € million)||1Q21||FY20|
|Other Non-Current Assets||19.4||19.2|
|Trade and Other Short-term Receivables||138.3||151.5|
|Cash and Cash Equivalents||90.6||100.0|
|Assets Held for Sale||–||16.2|
|Other Equity Elements||-270.6||-269.3|
|Reserves from profit / (loss) recognized directly in other||–||-0.6|
|comprehensive income and are related to assets held for sale|
|Total Shareholders’ Equity||-222.0||-219.1|
|Provisions/ Other Long-term Liabilities||20.8||21.5|
|Other Short-term Liabilities||79.0||95.4|
|Total Equity and Liabilities||612.1||648.9|
Group Statement of Cash Flows
|(in € million)||1Q21||1Q20|
|EBT from continuing operations||-3.4||-14.9|
|EBT from discontinued operations||0.5||–|
|Decrease/(increase) of Inventories||-1.3||1.0|
|Decrease/(increase) of Receivable Accounts||13.5||-0.2|
|(Decrease)/increase of Payable Accounts||-17.6||-2.0|
|Income Tax Paid||6.6||-5.5|
|Net Cash from Operating Activities||21.6||9.5|
|(Purchases) / Sales of subsidiaries & other investments||13.3||-0.5|
|Restricted bank deposits||-3.2||-0.7|
|Net Cash from Investing Activities||7.5||-5.2|
|Cash inflows from loans||–||27.5|
|Repayment of loans||-11.2||-27.2|
|Repayment of Leasing Obligations||-1.4||-1.8|
|Interest and similar charges paid||-21.4||-22.1|
|Net Cash from Financing Activities||-39.1||-31.5|
|Net increase / (decrease) in cash for the period||-10.0||-27.2|
|Cash at the beginning of the period||100.0||171.1|
|Cash at the end of the period from total operations||90.6||142.0|
Week 38/2023 slot games releases
Here are this weeks latest slots releases compiled by European Gaming
MGA Games launches its new 5-reel slot game Magical Lake in online casinos. A game that immerses users in a fantasy world full of mystical creatures, hidden treasures, and dazzling magic. Players have the opportunity to enter the fantastic forest of Magical Lake and learn the secrets that the lucky fairy hides. The latest casino slot game production from MGA Games is packed with special features. It includes 25 prize lines, as well as Wilds and Scatters.
Pragmatic Play, a leading content supplier to the iGaming industry, unleashes the power of mythological beasts in its latest Asian-inspired Slot, 8 Golden Dragon Challenge™. Transporting players deep into the mountains to the House of Fortune and Good Luck, blue, red and green dragons make up the game’s symbols across the slot’s 5×3 reels. Landing three or more Scatters anywhere on the reels unlocks the mystifying bonus game, where eight free spins are awarded.
Spinomenal has launched its latest game within its hugely popular Queen of Elements series, Queen of Water. This aquatic adventure unfolds in the serene depths of the ocean where a powerful soundtrack creates an immersive ambiance. Medium symbols include the Queen’s tiara, starfish, jellyfish and fish. The Queen of Water Wild symbol can replace any symbol except for free spins and bonus icons. By landing five Wild symbols on a winning line multiplies the player bet per line by x2000.
Evoplay is transporting players to an ancient civilization in its newest slot, Jhana of God. Inviting players to harness the power of sacred animals, the game’s high-paying symbols are made up of turtles, fish, elephants, and tiger symbols with flower Wilds also present, making it easier for players to form harmonious combinations to award a win. Adding to the allure, two different coloured Hamsa Bonus symbols can appear, with silver granting two Free Spins and gold awarding three Free Spins, with three or more symbols needed in total to trigger the Bonus Round.
Yggdrasil, is hoisting the colours alongside Bulletproof Gaming in preparation for a high-seas adventure in Blackbeard Battle of the Seas. The 5×3, 20 payline slot sees players traverse the oceans in search of riches, with a plethora of modifiers appearing on the reels to supercharge the action-packed slot. During base gameplay, the floating skull modifier can occur, which ensures that players can trigger one of four outcomes – Five of a Kind, Big Win, Super Wild, and the Bonus Game.
ELA Games, a leading game developer for the iGaming industry, is excited to announce the new fantastic chapter of Norse adventure, “Vikings Wild Cash.”This game perfectly merges epic Scandinavian vibes with fun cartoon characters and vibrant animations. The slot features the classic 5×4 reel filled with wild drakkars, brave Vikings, and lucky runes. Collecting three or more Bonus symbols grants a player unlimited free spins with an increasable multiplier, and landing a whole reel of Wilds brings an instant cash prize, contributing to the most exciting and engaging experience.
Relax Gaming, the renowned iGaming aggregator and provider of unique content is saying a final farewell to iGaming’s most celebrated slot franchise with its upcoming release, Money Train 4. The now-legendary band of lawbreakers return in this high-volatility, action-packed thriller that can see players win up to an incredible 150,000x their bet. This loot comes in the shape of explosive features such as its Respin Feature and the legendary Money Cart Bonus Round.
Kalamba Games has launched a nature-inspired multifaceted new slot, Blazing Spirit Hold and Win. Played across 5×3 reels, various beasts make up the game’s symbols with owls, horses and eagles reflecting the animal theme, these must form a matching combination across the slot’s 25 paylines to award a win. Wolf wild symbols aid in the creation of these wins substituting for all base game symbols. These are joined by Cashpots with instant prizes attached to them, with four or five needing to be landed in the base game to award their cumulative prize.
Wizard Games is offering up red-hot rewards and Vegas-style thrills with its latest release Sizzling Mystery. Presenting players with a classic fruit theme, the new release packs a fiery punch across its 5×3 reels with winning combinations made across 243 paylines. A random number of Mystery Symbols can land on the reels during any spin, transforming into any paying symbol including wilds and adding an exciting layer of unpredictability.
Having already stunned the slot-playing world with trail-blazing titles like Aloha Spirit XtraLock and Monster Disco XtraHold, sought-after software provider Swintt is proud to unveil the latest innovative instalment of its exciting Xtra series in the all-new Jade Blade XtraSplit. Set high in the mountains of ancient China where a fearless female warrior channels the power of mystic dragons, fearsome lions and lucky rabbits, Jade Blade XtraSplit features a unique mechanic where magical jade stones split the reels multiple times to create an incredible 1,679,616 ways to win.
First, Play’n GO established that pigs could fly in the classic Flying Pigs (2013), and now we’ve been shown that hogs may know a thing or two about coin collecting in the new online slot, Piggy Blitz. Play’n GO’s always championed iGaming diversity and player choice – offering up a wide variety of titles such as dynamic Table Games, gripping Grid Slots and of course, fun and easy to follow Animal Slots. Piggy Blitz is no different. Set atop a gameshow-style backdrop – this title boasts 4,096 payways and a x5,000 max win potential.
Mo Mo Moolah, the latest ‘Powered by OneTouch’ release, serves up a classic casino experience with innovative modern features and huge win potential. A one line game set across three reels, Mo Mo Moolah evokes a sense of nostalgia where simplicity reigns supreme, combining traditional elements with features such as rewarding respins and multipliers. Players choose to play with one, two or three reels with all columns activated offering bigger prizes of up to 10,500x the bet.
Players are being given the opportunity to travel back in time to the ice age in the latest slot from in-demand provider, Booming Games. Those who can brace the icy winds of Mammoth Tundra will come face to face with beasts and potentially big wins. Players must trek across the frozen reels – which take the 5×3 format – and keep their wits about them at all times. Not only can Woolly Mammoths cross their path, but so too can sabre tooth tigers and other wild animals.
Playson, the fast-growing digital entertainment supplier, has launched Pearl Ocean: Hold and Win, a fun, fish-filled title that exhibits two new key features in an underwater quest for wins. Alongside the classic Hold and Win Bonus Game, the studio has introduced a Super version that offers increased win potential in this vibrant and colourful 5×4 slot. The elevated mode is triggered when a Super Bonus Symbol appears alongside five standard Bonus pearls in the main gameplay or Free Spins, as well as when it instantly appears during the original Bonus Game.
Gaming Corps is bringing back the beloved classic fruit theme with the launch of new slot game Super Hot Stacks. Super Hot Stacks is a five-reel video slot with three symbols per reel and 15 paylines. The game gives players the chance to watch their wins multiply as the reels stack up with juicy fruits and exciting multiplier values. The Super Hot Stacks feature can be triggered on any spin. When a symbol lands in every symbol position on a single reel, the multiplier increases by +1.
3 Oaks Gaming, an established distributor of iGaming content, is taking players to a fun-filled farm in its latest Hold and Win adventure, where freshly hatched rewards including four in-game jackpots are on offer for players. Little Farm: Hold and Win is a 5×4, 25-payline slot from the iGaming distributor that delivers light-hearted entertainment, underpinned by a feature-rich gameplay, vibrant animations and a range of furry friends.
Yggdrasil, has partnered with Jelly to release a jungle adventure like no other in their latest release, Beasty Blox GigaBlox™. A plethora of fearsome animals rule the reels as the headline Game Engagement Mechanic (GEM) GigaBlox roars into action, meaning every spin will see at least one supersized symbol appear, sized 2×2 right up to 4×4. In Free Spins, a mystery SuperStaxx symbol can land in view to reveal any paying symbol. This can award up to five additional payways per symbol, significantly increasing win potential.
Inspired Entertainment, Inc. is pleased to announce the launch of its latest online and mobile slot games: Bullion Bars Gold Collector™ and Big Piggy Bank™. Packed with golden wins is Bullion Bars Gold Collector, a classic gold-themed game with a reel configuration of 5×3 and 10-win lines. ig Piggy Bank™, a cash collector game themed around collecting and filling piggy banks, is set to be the biggest launch of the year so far. Its vibrant and colourful symbols of pigs, cash, gold and gems will transport players to a fun-filled world of piggy riches.
Condor Gaming Group Secures Remote Bookmakers License from The Gambling Regulatory Authority of Ireland
Condor Gaming Group is thrilled to announce a significant milestone in its journey as a leading player in the iGaming industry. We are delighted to share the news that Condor Gaming Group has successfully secured a coveted Remote Bookmakers License from The Gambling Regulatory Authority of Ireland (THE GRAI), solidifying our commitment to providing exceptional gaming experiences in the Irish market.
This achievement marks a momentous occasion for Condor Gaming Group, as we expand our footprint and continue to deliver top-tier gaming services to our ever-growing customer base. The newly acquired Remote Bookmakers License from the GRAI underscores our dedication to regulatory compliance, fair play, and responsible gambling practices.
Condor Gaming Group’s CMO, Prash Patel expressed his enthusiasm, stating, “We are proud of this accomplishment and excited about the opportunities it opens up for us in the Irish market. This achievement reflects our unwavering commitment to growth whilst delivering the highest standards of gaming entertainment and ensuring the safety and well-being of our players.”
The Irish Remote Bookmakers License represents a significant addition to Condor Gaming Group’s portfolio of existing licenses, further reinforcing the company’s position as a trustworthy and reputable operator in the iGaming industry.
Key Highlights of Condor Gaming Group’s Remote Bookmakers License:
Regulatory Compliance: The license is a testament to Condor Gaming Group’s commitment to adhering to the strictest regulatory standards, ensuring a safe and secure gaming environment for Irish players.
Expansion: With this license, Condor Gaming Group is well-positioned to expand its presence in the Irish market and offer a comprehensive sports betting experience to Irish players.
Responsible Gaming: Condor Gaming Group is dedicated to promoting responsible gaming practices and will continue to implement measures to safeguard players’ well-being.
Innovation: The company will leverage its extensive expertise to provide cutting-edge sports betting services, combining innovation with a user-friendly experience.
Condor Gaming Group is excited to embark on this new chapter in its journey and looks forward to delivering an unparalleled sports betting experience to the Irish gaming community. Our team is committed to providing top-quality services while ensuring the highest standards of integrity and fairness.
MGA Games Bedazzles with ‘A Night Among Celebrities’ During SBC Summit Barcelona
On the evening of Wednesday, September 20, MGA Games surprised online casino game operators and aggregators at the SBC Summit Barcelona 2023 by hosting a unique celebration at the Wax Museum of Barcelona.
MGA Games invited guests to spend ‘A Night Among Celebrities’, playing on the parallelism between the museum’s wax figures, based on famous icons, and the slot games starring celebrities developed by MGA Games.
The evening proved to be a great success with many of the surprised and excited guests remarking on how original and well-organised the event was.
During the evening, guests also enjoyed an exclusive private tour of the museum where they admired the impressive wax figures of their favourite celebrities.
The organisation of this unforgettable night in an emblematic venue is yet another example of the company’s commitment to offering its partners and customers unique experiences. An effort that also demonstrates MGA Games’ ability to innovate and make a difference in the gaming sector.
The party was the finishing touch to MGA Games’ presence at the SBC Summit Barcelona 2023, where, during the show, the company’s stand, packed with visitors, reflected its strong growth in new markets and its prominent position in the online gaming industry.
Week 38/2023 slot games releases
Condor Gaming Group Secures Remote Bookmakers License from The Gambling Regulatory Authority of Ireland
MGA Games Bedazzles with ‘A Night Among Celebrities’ During SBC Summit Barcelona
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