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Playtech BGT Sports extends exclusive Racing Post deal

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London, 13th July 2018 – Playtech BGT Sports (PBS), the leading provider of omni-channel sports betting solutions, has extended its exclusive agreement to host Racing Post content on its self-service betting terminals.

Displayed on the SSBT’s dual screen user interface, the content offers data for UK and Irish horseracing and greyhound racing, including in-demand information such as form, age, weight, jockey and trainer, as well as the Racing Post predictor.

In addition, the RP Bet Finder, which is a powerful bet filter tool allowing customers to quickly find the markets they wish to bet on, is incorporated to enhance the user experience.

International racing supplied by SiS and TRP and a committed roadmap of new innovative features will be rolled out in the coming weeks to maximise bet conversion, with key bet prompting and bet generating content for rapid bet placement.

John Pettit, Managing Director UK, Ireland, Asia, and Australia at Playtech BGT Sports, said: “We are delighted to have extended our partnership with Racing Post at a very important time.

“Whether it’s UK, Irish or international horse racing, or greyhound racing, this exclusive deal is designed to offer high street customers engaging content and a first-class racing experience.”

Eugene Delaney, B2B Director, Racing Post, added: “It’s great to be working alongside Playtech BGT Sports and we couldn’t be happier to see our content on their SSBTs.

“Our products are designed to help customers form an opinion and remain engaged thanks to our range of insights, content, and tips. The new content is sure to prove as popular as ever.”

 

About Playtech

Playtech is a market leader in the gambling and financial trading industries. Founded in 1999 and listed on the Main Market of the London Stock Exchange, Playtech has more than 5,000 employees in 17 countries.

Playtech is the gambling industry’s leading software and services supplier with more than 140 licensees globally, including many of the world’s leading regulated online, retail and mobile operators, land-based casino groups, government sponsored entities such as lotteries, and new entrants opening operations in newly-regulated markets. Its business intelligence-driven gambling software offering includes casino, live casino, bingo, poker and sports betting.

It is the pioneer of Omni-channel gambling which, through Playtech ONE, offers operators and their customers, a seamless, anytime, anywhere experience across any product, any channel (online, mobile, retail) and any device using a single account and single wallet. It provides marketing expertise, sophisticated CRM solutions and other services for operators seeking a full turnkey solution.

Playtech BGT Sports (“PBS”) is Playtech’s sports betting division, headquartered in Nicosia with more than 600 employees across 6 different business centres. PBS is the provider of the market leading Self-Service Betting Terminals product with over 26,000 terminals supplied to retail operators in the UK and internationally as well as digital sports betting platforms and user interfaces to many major online licensees.

Playtech’s Financials division operates both on a B2C and B2B basis. Its B2C focused offering is an established and growing online CFDs broker, operating the brand markets.com. Its B2B offering includes the division’s proprietary trading platform, CRM and back-office systems, as well as its liquidity technology platform which provides retail brokers with multi-asset execution, prime brokerage services, liquidity and complementary risk management tools.

www.playtech.com

 

For further information, contact:

 

Playtech plc

Mor Weizer, Chief Executive Officer

Andrew Smith, Chief Financial Officer

c/o Buchanan Communications

 

James Newman, Head of Investor Relations

 

+ 44 (0) 20 7466 5000

 

 

 

 

+44 (0)1624 645954

Buchanan Communications

David Rydell

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Press Releases

Rivalry to Present at NEXT Summit New York 2024

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Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY) (OTCQX: RVLCF) (FSE: 9VK), the leading sportsbook and iGaming operator for Millennials and Gen Z, today announced that its Co-founder and CEO Steven Salz will present at the NEXT Summit New York 2024 conference on March 6-7, 2024.

Salz will participate in a fireside chat, “Navigating Gen Z Terrain: Sports Betting in the Age of Internet Culture,” on the marketing track exploring the new player acquisition and engagement trends materializing in sports betting in wake of Gen Z’s shifting consumption habits. This includes how companies can tap into internet culture, creators, and gaming to capture an elusive, digitally native customer.

NEXT New York Summit 2024 is one of the premier iGaming and sports betting conferences of the year. The event is known for drawing a senior audience of more than 1,200 operators, start-ups, investors and media from top companies and firms globally, including Acies Investments, BetMGM, Betr, DraftKings, Fanatics, FanDuel, Morgan Stanley, and more. More information is available at the conference website.

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Compliance Updates

Endorphina completes another security milestone!

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Endorphina completes another security milestone!
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Starting 2024 strong, the top casino game provider Endorphina successfully completed the external audit by the renowned Testing Laboratory, achieving another milestone in the form of an ISMS Certificate according to local requirements in Italy! This plays an important role in cementing Endorphina’s position in the iGaming world.

Earlier this year, the iGaming software provider Endorphina successfully passed an external information security audit according to regulations governed by ADM. The goal of the multi-day audit was to map out the overall setup within the company, examine every detail involving security, and ensure the company’s games are completely safe for every player.

Over three years ago, Endorphina set a goal to be authorized in all regulated jurisdictions and continues to campaign across markets. By 2024, the company has reached 28 regulated markets and continues progressing rapidly.
I

n March 2024, Endorphina will organize a grand event, La Mistica dell’Endorphina, where guests can experience the true spirit of the innovative developer. The luxurious party promises to create the perfect networking opportunity for iGaming enthusiasts.

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Latest News

Codere Online Reports Financial Results for the Fourth Quarter and Full Year 2023

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Codere Online (Nasdaq: CDRO / CDROW, the “Company”), a leading online gaming operator in Spain and Latin America, has released its preliminary unaudited[2] financial results for the fourth quarter and year ended December 31, 2023.

Below are the main financial and operating metrics of the period.

Quarter ended December 31

Year ended December 31

2022

2023

Chg. %

2022

2023

Chg. %

Net Gaming Revenue (EUR mm)1

Spain

17.8  

20.8  

17%

60.0  

75.7  

26%

Mexico

16.3  

25.1  

54%

51.1  

81.7  

60%

Colombia

2.3  

2.3  

7.9  

8.5  

8%

Other

1.3  

1.8  

38%

3.9  

6.0  

54%

Total

37.7  

50.1  

33%

122.9  

171.9  

40%

Avg. Monthly Active Players (000s)[3]

Spain

41.3  

47.4  

15%

38.1  

42.3  

11%

Mexico

50.8  

59.1  

16%

38.5  

52.5  

37%

Colombia

38.5  

23.0  

(40%)

28.7  

24.3  

(15%)

Other

11.2  

9.6  

(14%)

7.9  

9.2  

17%

Total

141.8  

139.2  

(2%)

113.1  

128.3  

13%

 

Aviv Sher, CEO of Codere Online, stated, “In Q4 2023 we delivered an impressive 33% growth in net gaming revenue to €50 million, our highest ever quarterly figure, despite a tough comp with the World Cup in the prior year period. Our strategic focus on Mexico and Spain, where we are seeing a strong return on marketing investment, has proven successful, with significant increases in both our active customer base and spend per customer. Casino continued to exceed our expectations with a second consecutive quarter contributing 58% of total net gaming revenue in the period.”

Mr. Sher further added, “Our net gaming revenue in Mexico grew by 54% in the fourth quarter, reaching more than €25 million, whereas net gaming revenue in Spain, grew by 17%, to nearly €21 million. We were able to grow our active customer base by more than 15% in both markets in the quarter which we believe is impressive considering the similar level of marketing investment in these countries in 2023 versus the prior year.”

Oscar Iglesias, CFO of Codere Online, stated, “Our fourth quarter results have allowed us to reach nearly €172 million of net gaming revenue for the full year, 19% above the midpoint of the initial €140-150 mm outlook we provided early last year. This outperformance, combined with the overall lower level of marketing investment, also allowed us to deliver a better than expected negative €12mm in Adjusted EBITDA versus the initial outlook of negative €20-30mm.”

Mr. Iglesias further added, “We are very encouraged by our performance in 2023 which further supports our expectation that we will generate positive Adjusted EBITDA and cash flow for the full year in 2024, a year in which we expect net gaming revenue of €185-200 mm. In short, we expect to deliver upon our original commitment to investors to be a profitable company in the third year after de-SPAC and are more committed than ever to creating meaningful value for our shareholders.”

Conference Call Information

Codere Online’s management will host a conference call to discuss the results and provide a business update at 8:30 am US Eastern Time today, February 29, 2024. Dial-in details as well as the audio webcast and presentation will be accessible on Codere Online’s website at www.codereonline.com. A recording of the webcast will also be available following the conference call.

Reconciliation of Revenue (IFRS) to Net Gaming Revenue (non-IFRS)

Quarter ended December 31

Year ended December 31

Figures in EUR mm

2022

2023

Chg. %

2022

2023

Chg. %

Total

Revenue

35.6  

46.9  

32%

115.7  

162.6  

41%

(+) Accounting Adjustments[4]

2.1  

3.1  

48%

7.2  

9.2  

28%

Net Gaming Revenue

37.7  

50.1  

33%

122.9  

171.9  

40%

Spain

Revenue

17.8  

20.8  

17%

60.0  

75.7  

26%

(+) Accounting Adjustments3

     –  

                –  

n.m.

    –  

     –  

n.m.

Net Gaming Revenue

17.8  

20.8  

17%

60.0  

75.7  

26%

Mexico

Revenue

14.5  

22.6  

56%

45.5  

73.3  

61%

(+) Accounting Adjustments3

1.8  

2.5  

39%

5.6  

8.4  

50%

Net Gaming Revenue

16.3  

25.1  

54%

51.1  

81.7  

60%

Colombia

Revenue

2.4  

2.8  

17%

7.0  

9.3  

33%

(+) Accounting Adjustments3

(0.1) 

(0.5) 

n.m.

0.9  

(0.8) 

n.m.

Net Gaming Revenue

2.3  

2.3  

7.9  

8.5  

8%

Other

Revenue

0.9  

0.7  

(22%)

3.2  

4.4  

38%

(+) Accounting Adjustments3

0.4  

1.1  

n.m.

0.7  

1.6  

129%

Net Gaming Revenue

1.3  

1.8  

38%

3.9  

6.0  

54%

 

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