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2023 Major Sporting Events to Follow and Bet on

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Given that the 2023 season is packed with some major events and championships, it also has a lot to offer to online sports betting enthusiasts. Before you buckle up for the betting season, you’ll need to keep pace with the events that are among must-follows. Here’s a quick list of prestigious events to follow.

Cheltenham Festival 2023

Date: 14th March

Place: Cheltenham Racecourse, Cheltenham, Gloucestershire

Horse racing enthusiasts can have their favourite betting markets up their sleeves as the biggest four-day event in jumps racing will soon be in full swing. Mark your calendars for Cheltenham Festival commencing on the 14th of March. The race undoubtedly brings a wealth of opportunities for those looking to take on online sports betting in the UK.

You can enjoy 14 grade one races during the action-packed four days full of excitement and racecourse drama.

What are the four big races at Cheltenham?

Each day of the Cheltenham Festival offers a unique competitive scene. Here’s a quick overview of what to expect:

Day 1—The Champion Day

The Cheltenham Roar day brings together thousands of spectators screaming to mark the start of the jump racing season. The races are Sky Bet Supreme Novices’ Hurdle, Arkle Chase, Champion Hurdle, Mares Hurdle and National Hunt Chase.

Day 2 — The Queen Mother Champion Chase

Day two is known as most bettor’s favourite as it adds to the excitement by featuring unique races. This is an excellent opportunity for the young chasers to showcase their mastery.

Day 3 — Stayers’ Hurdle

Stayers’ Hurdle is run on the New Course at Cheltenham. The distance of about three miles is spiced up with twelve hurdles the runners need to jump over.

Day 4 — The Gold Cup

The conclusion of the race and one of the most-anticipated horse racing events is the Cheltenham Gold Cup—day four.

2023 Grand National

Date: 15th April

Place: Aintree Racecourse near Liverpool

For those waiting for yet another steeplechase run season, the 2023 Grand National is coming on the 15th of April. We’ll have the chance to bet on and follow over the 4-mile 514-yard run with 30 jumps. The final list of the horses vying for the trophy will be available closer to the race.

The Grand National promises an intriguing race that will keep bettors on the edge of their seats with the names like Nobel Yeats, Any Second Now, Conflated, Longhouse Poet and others among the contestants.

French Open 2023

Date: 28th May

Place:  Stade Roland Garros in Paris, France

After the Spaniard’s triumph last Grand Slam season, the French Open 2023 might even be more intense. Breaking his tie with masterminds Federer and Djokovic, Rafa snagged 22 Grand Slam singles titles and is the reigning champion of the last season. The Women’s Singles had no less spectacular action last season, with Iga Swiatek getting the crown.

Although it’s all subject to change before the main event, a quick preview of the outright French Open 2023 odds at the moment looks like the following:

French Open 2023  Men Outright Odds

  • Novak Djokovic 6/4
  • Carlos Alcaraz 7/4
  • Rafael Nadal 5/2
  • Stefanos Tsitsipas 13/2

French Open 2023 Women Outright Odds

  • Iga Swiatek 9/10
  • Ons Jabeur 9/1
  • Cori Gauff 12/1
  • Maria Sakkari 14/1

*Odds credits to VBET UK

Tennis aficionados have been waiting for yet another Roland-Garros craze for a whole year. Grand Slams are known to be among the most prestigious sporting events that bring a little more than just on-court action. They usually get some drama and champion’s saga to the stage, making the tournaments even more unpredictable and exciting for sports betting.

UEFA Champions League Final

Date: 10th June

Place: AtatĂĽrk Olympic Stadium, Istanbul

With many changes in hosts and dates, the 31st season of the UEFA Champions League is finally coming up in June 2023. We’re all excited to see who’s lifting the trophy at the end of the pinnacle event of club competitions.

Given a decent history in the league, so far Real Madrid is on the hunt for their 15th European crown this season. However, there’re still some big clashes before the final day that might shake things up.

You can frequently check UEFA Champions League Odds to learn who are the favourites for the Champions League throughout the upcoming weeks.

Who will host the Champions League final in 2023?

The final will hopefully be staged at the AtatĂĽrk Olympic Stadium. It brings some history along with the venue. Back in the 2004-2005 season, the world witnessed a showpiece event bringing Liverpool its fifth European Cup. After such highlights as Liverpool’s comeback in the second half, or Jerzy Dudek’s final double save, the bar is set high for the venue.

Where can I bet on the UEFA Champions League?

Given that the league promises some mouthwatering action this season, many online sportsbooks are excited to offer diverse betting markets, odds and promotions. You have quite a wide selection to choose from. You still have time to preview the odds, keeping in mind the Safer Gambling Tools before you make the final decision.

Make sure all the terms of use are clearly stated and reviewed in the offer, like in the Champions League Goal Rush VBET promotion before you decide to use any.

Wimbledon 2023

Date: 3rd July

Place: All England Lawn Tennis & Croquet Club, Wimbledon, London

Although Wimbledon 2023 is scheduled in July, we still need clarity on the last season’s sports dramas. Among them are Russian and Belarusian players’ participation and Wimbledon’s ranking points.

While there will be a lot of changes before July, we all know for sure who lifted the trophy last season—the men’s singles champion is Novak Djokovic, and Elena Rybakina holds the Women’s Singles title. Reviewing the top four contenders of Wimbledon 2023 at the moment:

Wimbledon 2023 Men Outright Odds

  • Novak Djokovic 1/1
  • Matteo Berrettini 7/1
  • Carlos Alcaraz 7/1
  • Daniil Medvedev 9/1

Wimbledon 2023 Women Outright Odds

  • Iga Swiatek 4/1
  • Aryna Sabalenka 5/1
  • Elena Rybakina 5/1
  • Ons Jabeur 9/1

Knowing where and what to wager on should definitely be on your checklist if you consider placing a bet. While these are the major ones, the sports industry is generous with unique events worth following. There will undoubtedly be others that resonate with your preferences more; thus, staying tuned is always a good idea.

*Odds subject to change and were correct at time of publication

( 21.02.2023 )

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INTRALOT announces strong EBITDA growth +29.2% y-o-y and positive Earnings after Tax at €3.1m in 1Q23

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INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the threemonth period ended March 31st, 2023, prepared in accordance with IFRS.

OVERVIEW

  • Group Revenue at €89.5m (8.4% yoy).
  • EBITDA at €33.7m (+29.2% yoy) in 1Q23, with EBITDA margin reaching 37.7% from 26.7% in 1Q22.
  • LTM EBITDA at €130.5m, up by 6.2% vs. FY22.
  • Substantial growth in our US operations (Revenues +13.1%, EBITDA +31.6% yoy).
  • EBT in 1Q23 shaped at €10.9m vs. €2.3m in 1Q22.
  • NIATMI (Net Income After Tax and Minority Interest) at €3.1m, vs. €5.7m a year ago.
  • Operating Cash Flow at €37.2m in 1Q23 (+115.3% yoy).
  • Group Net CAPEX in 1Q23 was €7.2m.
  • Group Cash at the end of 1Q23 at €109.2m, €6.8m higher vs. Dec22.
  • Net Debt at €471.6m at the end of 1Q23, lower by €18.9m vs. Dec22 and €29.0m vs. 1Q22.
  • Net Debt/ LTM EBITDA at 3.6x in 1Q23 vs. 4.0x in FY22.

Group Headline Figures

INTRALOT Chairman & CEO Sokratis P. Kokkalis noted:

We are extremely proud of first quarter robust organic Ebitda growth of 29% and a return to Net Earnings, along with healthy cash flows and significant reduction of Group Net Leverage Ratio down to 3.6x, providing additional momentum to INTRALOT’s successful turnaround story as a result of our consistent efforts in the past few years. With healthy financials and new technical capabilities offered through next generation solutions for Lottery digital transformation, in both the retail and online worlds, we look forward to timely addressing upcoming maturities, further improving our capital structure, and implementing an ambitious plan for strong and sustainable growth in the US and key markets around the world, creating value for all stakeholders.

OVERVIEW OF RESULTS

REVENUE

Although the reported consolidated revenue posted a decrease compared to 1Q22, leading to a total revenue for the threemonth period ended March 31st, 2023, of €89.5m (8.4%), excluding the impact from the discontinuation of Malta license, underlying revenue from continuing operations increased by 17.5%.

  • From a contribution perspective, Lottery Games remain our largest contributor to Group turnover with a share of 60.4%, followed by Sports Betting with a share of 17.5%, VLTs monitoring with a share of 12.5%, Technology contracts with a share of 9.5%, and Racing with a share of 0.1%.
  • Reported consolidated revenue for the threemonth period is lower by €8.2m year over year. The main factors that drove top line performance per Business Activity are:
    • €20.4m (64.5%) from our Licensed Operations (B2C) activity line with the variance driven by:
      • Lower revenue in Malta (€21.5m) due to the license expiration early July 2022 and
      • Higher revenue in Argentina (€+1.1m or +10.9% yoy), driven by local market growth. In local currency, current year results posted a +104.5% yoy increase.
    • €+6.3m (+11.4%) from our Technology and Support Services (B2B/ B2G) activity line, with the variance driven by:
      • US operations’ increased revenue (€+4.6m or +13.1% yoy), mostly driven by the growth in Numerical and Instant games, further affected by the EUR depreciation (4.3% versus a year ago – in average terms) and
      • Higher revenue from rest jurisdictions (€+1.7m or +8.6%).
    • €+5.9m (+54.2%) from our Management (B2B/ B2G) contracts activity line with the variance driven by:
      • Strong momentum of our Turkish3 operations (€+5.8m), driven by Bilyoner’s improved performance, favored by the growth of the online market. In 1Q23, the local Sports Betting market expanded close to 2.2 times yoy. Performance in Euro terms was partially mitigated by the headwinds in Turkish lira (+28.1% Euro appreciation versus a year ago),
      • Higher revenue from our US Sports Betting contracts in Montana and Washington, D.C. (€+0.1m) and
      • Steady performance in Morocco.

GROSS GAMING REVENUE & Payout

  • Gross Gaming Revenue (GGR) concluded at €83.4m in 1Q23, posting an increase of 4.5% (or €+3.6m) year over year. The improved performance across most key regions managed to absorb the loss of sales from Malta and the higher payout ratio in Argentina (67.7% yoy on wagers from licensed operations4). 1Q23 Payout Ratio5 was higher by 3.5pps vs. 1Q22 (62.4% vs. 58.9%).

OPERATING EXPENSES & EBITDA

  • Total Operating Expenses marginally increased by €0.9m (or +3.9%) in 1Q23 (€22.7m vs. €21.8m) driven by the improved topline performance in USA and Turkey
  • Other Operating Income from continuing operations ended at €7.8m presenting an increase of 37.0% yoy (or €+2.1m).
  • EBITDA amounted to €33.7m in 1Q23, posting a doubledigit growth of 29.2% (or €+7.6m) compared to 1Q22. The main drivers underpinning this performance are attributed to the strong growth in our US operations and the boosted performance in Turkey.
  • On a yearly basis, EBITDA margin on sales climbed to 37.7%, from 26.7% in 1Q22 (+11.0pps).
  • LTM EBITDA stands at €130.5m, up by 6.2% vs. FY22.

EBT / NIATMI

  • EBT in 1Q23 amounted to €10.9m compared to €2.3m in 1Q22, largely driven by the significant EBITDA contribution, the improved results from participations and investments, the gains on net monetary position and the benefit from the lower D&A.
  • NIATMI in 1Q23 concluded at €3.1m compared to €5.7m in 1Q22.

CASH FLOW

  • Operating Cashflow in 1Q23 amounted to €37.2m, increased by €19.9m, compared to 1Q22. The positive impact arising from the higher recorded EBITDA yoy and the favorable working capital movement was partially offset by the negative variance in tax payments.
  • Net CAPEX in 1Q23 was €7.2m, higher by €2.9m compared to 1Q22, with US projects consuming most of the CAPEX needs.
  • Net Debt, as of March 31st, 2023, stood at €471.6m, decreased by €18.9m compared to December 31st, 2022. Robust cash flow generation supported the continued deleveraging, with Net Debt / EBITDA dropping to 3.6x in 1Q23, from 4.0x in Dec22. Positive gross debt movements include the capital payments towards the Term Loan in US, the lower interest accrued in comparison with Dec22 and the positive FX impact on our USD denominated debt.

OUTLOOK/RISKS

The Company Management identifies significant opportunities in the growth of the Lottery and Sports Betting online markets and the expansion of regulated ilottery markets, as well as from the recovery from the implications of the recent pandemic. Combined with the evolution of INTRALOT’s new technological solutions for Lottery digital transformation, the Company is in position to capture more technology projects with an increased profit margin compared to previous years.

World economies continue to navigate through macroeconomic uncertainties, with interest rates at high levels and relatively slow economic growth.

Increased interest rates have a direct impact on the financing servicing costs of the Intralot Group, while the outlook indicates that central banks may start to ease their monetary policy by the end of 2023.

nflation is declining more slowly than expected, having strong impact on most of the industries and regions. However, the gaming industry seems to be more resilient than other sectors of the economy, presenting above average growth in most regions.

The Management of the Company closely monitors geopolitical and economic developments and is ready to take all the necessary measures for protecting its operations.

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Gaming Innovation Group – Issue of new shares

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Gaming Innovation Group Inc. (GiG) has today issued 1,777,873 new shares of its common stock for the earn-out consideration in connection with the acquisition of Sportnco Gaming SAS (“Sportnco”), ref. GiG’s 2022 Annual Report and Exemption Document dated 13 July 2022. The earn-out consideration for Sportnco’s performance in 2022 were EUR 8,495,280 whereby 50% has been paid in cash and 50% in shares. The shares have been issued to the former shareholders of Sportnco at a share price of NOK 27.60 for a total consideration of EUR 4,247,640.

In addition, GiG has today issued 39,650 new shares of its common stock in connection with exercise of options, whereof 25,000 shares at a share price of NOK 15.00 per share and 14,650 at a share price of NOK 22.00 per share. Included are the 25,650 options exercised in April, ref announcement on 11 April 2023.

The new shares are issued by the Board of Directors under the Company’s 150,000,000 authorized shares, and the Company confirms that the new shares have been duly authorized by all necessary corporate actions and that the new shares have been fully paid and validly issued. The Company’s share capital has increased from USD 127,132,038 to USD 128,949,561, and the number of outstanding shares has increased from 127,132,038 to 128,949,561 (par value USD 1.00). In addition, a total of 2,732,950 options are outstanding as of today.

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R Franco Digital Embraces the Wild in Buffalo Park

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R Franco Digital, Spain’s leading gaming provider, is inviting players to conquer the prairies in its latest slot release, Buffalo Park.

Taking players on a 5×3 reel adventure, the game’s slick environment depicts a wild North American national park as buffalo stampede. With eagles, wolves, bears and buffaloes as the game’s iconic symbols, players must form matching combinations in the base game, while wilds appear in the form of the park’s gate and can substitute for other symbols on the board to help secure a win.

Meanwhile, national park symbols on the gameboard have a different award attached to each, including instant cash prizes and jackpot rewards. When the park ranger appears, these can be collected, massively increasing the win potential.

The free spins game is activated by landing three or more scatter symbols in the form of campfires. This activates eight free spins, made more lucrative through the rewarding national park symbols which appear frequently throughout this round.

Buffalo Park offers a high-intensity and action-packed game that underpins the studio’s dedication to consistently producing gaming content that adds value and innovation to the market, hot on the heels of the recently-released Spain-inspired Toreador.

“Inviting players to become the park ranger, our latest slot is a unique take on the North American prairies,” the Director for R Franco Digital, Javier Sacristán Franco, said. “With an emphasis on special symbols, it is a highly engaging title that captures interest from the first spin, offering the chance to win impressive prizes, substituting scatters and the exciting free spins game. R Franco Digital always aims to create unique experiences that provide a new form of entertainment and we believe we’ve certainly succeeded with Buffalo Park.”

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