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Gaming Innovation Group reports Q3 2021

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Gaming Innovation Group reports Q3 2021
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Gaming Innovation Group Inc. (GiG) reports Q3 2021 revenues* of €17.0 million and an EBITDA of €5.3 million.

“I am very pleased with the results and the momentum we continued to demonstrate in the third quarter across GiG’s business units. The Company continued to build towards its execution strategy for long term sustainable growth over the coming years, leveraging its diverse portfolio of operations and to prepare for expansion into new markets, development of products and operational performance that will enable the Company to push towards further success in the coming years.”, says Richard Brown, CEO of GiG.

Financial Highlights

  • Revenues* in Q3 2021 were €17.0m (14.2), an increase of 20% YoY, all organic
  • EBITDA was €5.3m (3.2), up 67%, EBITDA margin* increased to 31.3% (22.5%)
  • All-time high revenues in Media Services of €11.2m (8.6), an increase of 30%, with an EBITDA of €5.1m (4.0)
  • Revenues* for Platform Services were €5.7m (5.4), an increase of 6% (32% ex. terminated white-labels), with a positive EBITDA of €0.6m (-0.1)
  • Positive EBIT of €1.8m (-1.6), an improvement of €3.4m
  • Positive cash flow from operations of €7.9m (-0.2), an improvement of €8.1m

Operational Highlights

  • Signed two long-term agreements for the provision of GiG’s platform to facilitate an operator’s multi-brand strategy and expansion into several EU markets
  • Signed a long-term agreement for the provision of GiG’s platform that will support a client’s operations in certain designated markets
  • One new brand was launched in Q3 and the development for three additional brands are now complete, all expected to go live in Q4
  • Media Services reached a third successive all-time high in quarterly revenue and player intake was in line with previous quarter despite normal seasonality effects in Q3
  • Entered four new markets in Media and one in Platform

Events after Q3

  • Signed a long-term agreement with an established German operator that will migrate its existing brand to GiG’s iGaming Platform
  • October has developed positively, and revenues are up 23% compared to the same period last year. Adjusted for terminated white-labels and Germany, revenues are up 34%
  • The strong development continues in Media Services with both all-time high revenue and player intake in October

*Revenues are adjusted for revenues from a platform client where GiG recognizes the full operations in its profit and loss statement, which are partly offset by related cost of sales and site overheads. Cost of sales, marketing expenses and EBITDA-margin are adjusted accordingly. See Note 2 in the Q3-2021 Interim Report for more details.

Gaming

ALTAIR BREAKER Launches Globally on Steam and Meta Quest Store

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ALTAIR BREAKER Launches Globally on Steam and Meta Quest Store
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Test your sword-wielding skills in this fantasy adventure VR action game

Thirdverse, Inc. today launched the VR sword-fighting actual game ALTAIR BREAKER for the Meta Quest 2, Oculus Rift and Valve Index. Players can test their sword-wielding skills, team up with three friends and battle against AI creatures in an expansive fantasy world. ALTAIR BREAKER will be available for purchase starting today at 10:00AM PDT, at a set price of $24.99 on Steam and Meta Quest Store.

Teruyuki Toriyama, Producer at Thirdverse, said: “ALTAIR BREAKER was developed by combining the VR game development know-how gained by the young game creators of “Swords of Gargantua” with more advanced consumer action game techniques. The idea was to create a new VR sword-fighting action game that can be easily enjoyed by users who are new to VR games, rather than the realistic sword-fighting simulators often seen in VR. The setting of this work is a virtual world called “ALTAIR,” an abandoned island in the void ruled by an experimental combat AI. The worldview incorporates elements typical of Japanese fantasy anime, such as mecha and fantasy, as its main theme. Players can easily experience sword-fighting action that transcends reality, just like a hero in such a world in VR. We hope you will enjoy the high-speed VR multiplayer sword-fighting action that is unique to this title. We will also continue to collect everyone’s feedback in order to deliver more and more content that our users can enjoy.”

To commemorate the release of ALTAIR BREAKER, ongoing campaigns will be open for everyone to participate in and have a chance to win a Meta Quest 2 headset and an Amazon Gift Card of the value of $300, as well as livestream on Twitch on selected channels with our partner creators.

Key Features in ALTAIR BREAKER:

  • Transcendent VR Sword-Fighting: Designed with casual players in mind, ALTAIR BREAKER brings a “new generation of VR sword-fighting action” to the VR world featuring high-speed sword-fighting action, blow-ups, aerial combos, and wide-range attacks with special moves.
  • Unique Battle System:Move from map to map while enjoying the feeling of transcendent sword fighting. Take advantage of your surroundings by climbing and gliding to easily take on enemies.
  • Experience a wide range of attacks only possible in the VR world, like Shockwaves and Surge Mode.
  • Expansive World of ALTAIR: The game takes place in an aerial city ALTAIR, where AI was created to develop singularity-like creatures. Once a group of islands in a sea of clouds, most of the islands have collapsed and only floating ruins remain, which are inhabited by LAWS, the experimental battle AIs left behind and free to wander around.
  • Freedom of Movement: Glide through the air using your glider or climb the walls of a fortress as movement is possible in all directions in VR space. The entire map is your battlefield!
  • Cross-Platform Four-Player Co-Op: Multiplayer gameplay between Meta Quest 2 and PCVR, leaving players free to be matched with players from all over the world and communicate via voice chat.
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Baltics

PopOK Gaming Has Received a Certificate for Latvia

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PopOK Gaming Has Received a Certificate for Latvia
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The innovative iGaming developer PopOK Gaming is now certified for Latvia. 

Further expanding the scope of its activities, PopOK Gaming also reaches Latvia. 18 of the most beloved games from our portfolio, namely Yummy, Lost Treasure, Diamond Flash, 20 Hot Bar, Sultan’s Tale, Los Apaches, Lucky Jungle and the like, as well as the 4-level Progressive Jackpot are now available for locals to try and delight in the fun environment our games will definitely create. This approval is yet another proof of continual momentum PopOK Gaming has been enjoying, opening new doors for our partners to grow their business and powerfully contributing to their revenue streams.

PopOK Gaming Product Manager, Tsovinar Elchyan, said: “This achievement is another important step forward for PopOK Gaming and an impetus for continuous improvements. After receiving the green light to provide our games in Latvia, we are keen on ensuring a remarkable gaming experience for local players and establishing long-term partnerships with our partners.”

 

PopOK Gaming belongs to Soft Construct (Malta) Limited that holds II Class licence (2239) granted by GLI (Gaming Laboratories International).

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Gaming

Introducing CasinoFastPayout.com – your one-stop shop for information and the best casino listings online

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Casinofastpayout.com has officially launched and is already making a big splash in the online casino world. They aim to become the most extensive website about fast payout casinos and are well on the way. The website is packed with information on the latest releases, bonuses, games, and tips and advice from their team of experts.

Players can trust CFP to provide only quality information and the best casino listings online. With payout speed being their number one priority, players can be sure that CFP always has their best interests at heart.

The fastest-paying casinos reviewed

CasinoFastPayout (CFP) is today announcing its official launch as the go-to resource for players looking for speedy payouts from their chosen online casino operator. The site promises comprehensive guides to play at some of the most reputable gaming destinations as well as up-to-date news on what’s hot in the iGaming world right now – all with an emphasis on getting your money into your hands as quickly as possible!

“We are excited to announce the launch of our new website, designed to help casino players find the best fast-paying casinos. Our team of experts have years of experience in the industry, and we have used that knowledge to create a comprehensive resource packed with information on the best casinos online. All of our recommendations have been selected with payout speed in mind, so you can be sure you’re getting the most out of your gaming experience.”

Half a Century’s Worth of Experience

CasinoFastPayout.com has assembled a smashing team of local experts who will keep you fully informed on everything related to getting paid quickly when enjoying online casino entertainment.

With a combined experience of a near half-century, the team at CasinoFastPayout.com will surely know what’s up. Led by Dan James, who is genuinely dedicated to help players navigate the online gambling industry and to find the best of the best when it comes to casinos with fast payouts. On top of that, industry veteran Max Deranker joined the venture as an investor.

That Honest Friend

Casinofastpayout.com is not a website built to recommend casinos; the goal is to recommend the best ones that will live up to the players’ expectations. And to avoid providing carefully masked affiliate links leading players to choose the wrong online casinos and losing their trust in the recommending website.

“We aim to be the honest friend you turn to when you want to know, and we promise to always let you know when you have spinach between your teeth,” says Dan James.

From Malta to all over the world

The team behind the website Casinofastpayout.com is currently operating from Malta. One of the world’s biggest hubs for online gaming. As for now, the website is focused on markets such as Canada, the UK, and New Zealand. With time the aim is to grow and expand the team. And to add more experienced team members to cover more markets and continue helping players all over the world.

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