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Week 8/2023 slot games releases

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Week 21/2023 slot games releases
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Here are this weeks latest slots releases compiled by European Gaming

Spinomenal is celebrating the recent expansion of the Spinomenal Universe via its Wolf Pack series, with the release of new slot game, Wolf Fang Underworld! The gripping Wolf Pack sagas originate from a legendary tale that is decades old. Over the years, the Wolf Pack has evolved and adapted to the various environments it encounters, now the mighty Wolf Fang faces the Underworld, battling against the spirits and otherworldly foes to reach the fortune that awaits.

Spinomenal takes players on a journey to the other side

Relax Gaming, invites players to stray from the law and help Wild Chapo escape from prison in its latest title, Wild Chapo 2. Plotting an escape route in this high volatility 6 reel, 25 payline slot will prove to be an unpredictable ride as this title features wild re-spins, free spins, expanding wilds and lucrative multipliers that can see players win up to 20,000x their stake.

Relax Gaming’s Wild Chapo returns in daring release, Wild Chapo 2

 

Yggdrasil and Jelly have launched the first chapter of an exciting adventure based on classic tales in latest collaboration, Fury of Hyde Megaways™. Featuring cascading symbols following every Megaways™ win, this title can offer up epic rewards with its highly volatile HYDE Super Spin. With the possibility of being triggered on any spin, this feature can remove symbols, increases the multiplier and boosts the minimum Megaways™, all in one incredible super spin.

Yggdrasil and Jelly launch Curious Cases series with inaugural title Fury of Hyde Megaways™

 

Betsoft has released its latest slot title “Expansion”. This latest 5 reel, 30 payline intergalactic adventure from Betsoft brings Stacked Mystery Symbols, Alien Multipliers, an innovative Directional Wilds mechanic and a Free Spins round to take players to another world. Loaded with intergalactic symbols from the high paying Gold Star that brings 3.33x on five-of-a-kind wins to the colourful planets, Expansion puts a new spin on a space themed slot.

 

 

Pragmatic Play, a leading content provider to the iGaming industry, has lassoed numerous bonuses and packed them into a cowboy-themed adventure in latest release Wild West Duels™.  Played across 5×5 reels, this gun-slinging title features a caboodle of Western-themed symbols and characters that must form a matching combination across the slot’s 15 paylines to award a win.   

PRAGMATIC PLAY SADDLES UP FOR WILD WEST DUELS™

 

AvatarUX has rolled out LooneyPop™, the first title to feature its thrilling new mechanic ZapReel™, taking the playing experience to new heights. The Mad Professor takes centre stage in the latest release from the producer to use the popular PopWins™ mechanic, as he looks to bring monsters from his nightmares to life. In base play, winning combinations ‘pop’ and symbols are replaced by two more, increasing reel height and expanding the paylines available up to a whopping 118,098 ways to win.

AvatarUX introduces brand new mechanic and shiny new characters in its latest slot LooneyPop™

 

Gaming Realms, is returning to Egypt with the reimagining of a classic slot in its latest release Slingo™ Cleopatra. Partnering with IGT, this new title blends the supplier’s iconic, high-performing Cleopatra™ slot with Gaming Realms’ engaging and immersive Slingo™ concept. Set across 5×5 reels, each spin reveals five numbers, that must connect to those randomly generated on the title’s game board and in turn will mark its position.

Gaming Realms revamps a classic in Slingo™ Cleopatra

 

BF Games has revamped one of its most popular titles, elevating it to new levels in sizzling new release Burning Slots Cash Mesh. The game is the fourth addition to BF Games’ fan-favourite Burning Slots series and has been boosted by the supplier’s high-performing Cash Mesh feature. When triggered, each Cash Mesh spin sees any position containing a coin symbol being held and all other positions spinning individually.

BF Games ignites the flame in Burning Slots Cash Mesh

 

Zeus is on a rampage as he lords over six reels in this 4,096 ways-to-win video slot by up-and-coming Swedish games developer, Gaming Corps.  Players can look to land the standard Wilds or Scatters in the base game, while hoping the latter will activate free spins and potentially Zeus himself in the Raging Zeus feature. This feature can be triggered on any spin, guaranteeing two to four Wilds on the reels and thereby increasing the maximum win potential.

Gaming Corps Invites Players to Revel in The Might of Raging Zeus

 

Yggdrasil, has teamed up with Bang Bang Games to release a brand-new Egyptian-themed hit full of the mystery and anticipation slots players love, Pharaoh’s Gaze DoubleMax™. The high volatility, 5-reel, 20 payline slot can see players win up to 15,000x their stake by way of Scarab Free Spins, Pharoah’s Gaze Wilds and Yggdrasil’s thrilling Game Engagement Mechanic (GEM), DoubleMax.

Yggdrasil and Bang Bang Games team up to release Egyptian thriller Pharaoh’s Gaze DoubleMax™

 

One of Blueprint Gaming’s most popular franchises is back on the waves bringing more ways to land big wins in the feature-rich release of Fishin Frenzy’ Even Bigger Catch. Once again developing new ways to give players new takes on the games they want, Blueprint dives head-first into the big blue and awards free spins when three or more bonus symbols land in view. In this round, the famous, friendly fisherman is wild and pays a win for every fish that lands on the same spin.

Blueprint Gaming’s slot royalty returns with Fishin Frenzy Even Bigger Catch

 

NetEnt has launched a fluffy new video slot, Milkshake™ XXXtreme, filled with soft ice cream and glossy hard candies for guaranteed zero-calorie fun. The game’s exciting progressive twist potentially helps players earn Multipliers by using scatter pays, beyond the usual pay-out rewards. On every spin, one to four milkshake glasses will tip-toe beside the reels. Glasses fill with milkshakes when players match ice cream scoops and hard candies, respectively, of the same colors, fueled by the scatter pay mechanism.

NetEnt Serves Milkshake™ XXXtreme to Players with Sweet Tooth

 

BGaming, a fast-growing iGaming provider, invites players to celebrate St. Patrick’s Day as the Irish traditions demand with the new Lucky Oak slot. In the Lucky Oak online slot, the path to fortune sweeps away to an enchanted forest filled with generous bonuses. Players form matching winning combinations of holiday symbols on the 5×3 layout with 10 paylines, wading closer to the mighty oak where desirable wealth is hidden.

The St. Patrick’s Day Leprechaun Hunt Begins with BGaming’s Lucky Oak

 

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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 Bilyoners 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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