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WagerTalk Announces the Acquisition of Sportsmemo

George Miller

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WagerTalk Adds Rick Allec to Ownership Team
Reading Time: 2 minutes

LAS VEGAS, Aug, 2018 — WagerTalk, a leading sports betting information and handicapping service, has acquired Sportsmemo.

Founded in 2004, Sportsmemo has served as the nation’s premier resource for sports betting and handicapping information. Sportsmemo’s network of podcasts, interactive forums, and informative blogs has been helping bettors and sports fans pad their bankroll for nearly 15 years.

“Sportsmemo has been one of the most respected brands in the Sports Service industry. To be able to have Sportsmemo join the WagerTalk family only makes both brands better, as the quality of information and content that will be brought to both customer bases will be the best in the business. I could not be more excited about what the future holds for our clients,” said Marco D’Angelo, Co-Founder of WagerTalk.com.

A New Frontier
Following the Supreme Court’s lift of the Professional and Amateur Sports Protection Act in May, the sports betting industry has captured the country’s attention. As wagering becomes legalized across several states, WagerTalk aims to educate bettors through its popular video series, podcast network, and written articles.

“We are so excited to be acquiring Sportsmemo and bringing them into the WagerTalk family,” said WagerTalk Co-Founder Lawrence Prezman. “Sportsmemo is one of the oldest and most respected online handicapping brands in the industry. They have a very loyal customer base, some exceptional betting consultants, and fit perfectly with our plans for the future. The Sportsmemo customers will see business-as-usual, an expanded team of consultants, and world class customer service.”

Founded in July 2015, WagerTalk’s team of writers, handicappers, and personalities create content from across the globe. The brand’s YouTube channel has generated 2.4 million views for its sports betting videos. WagerTalk produces a daily radio show from ESPN Las Vegas, and publishes a weekly podcast.

“This is an absolute win-win for our current and future clients,” said Teddy Sevransky, founder of Sportsmemo. “We are very excited for the next phase of our evolution, and have lots of exciting things on the horizon.”

Source: WagerTalk

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Industry News

Evolution Gaming: Interim report January-June 2019

George Miller

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Evolution Gaming: Interim report January-June 2019
Reading Time: 3 minutes

 

Evolution released today its Interim Report for January-June 2019.

 

Second quarter of 2019 (Q2 2018)

  • Operating revenues increased by 45% to EUR 85.7 million (59.3)
  • EBITDA increased by 63% to EUR 42.7 million (26.2), corresponding to a margin of 49.8% (44.2)
  • Profit for the period amounted to EUR 34.5 million (20.1)
  • Earnings per share amounted to EUR 0.19 (0.11)

January-June 2019 (1H 2018)

  • Operating revenues increased by 49% to EUR 165.0 million (110.8)
  • EBITDA increased by 63% to EUR 78.6 million (48.1), corresponding to a margin of 47.7% (43.4)
  • Profit for the period amounted to EUR 63.1 million (36.7)
  • Earnings per share amounted to EUR 0.35 (0.20)

Comments from CEO Martin Carlesund:

“Evolution’s strong development continues, and we can report continued high growth and further improved margin in the second quarter. 2019 is a year of product and innovation, and during the period, we have launched all this year’s new games. The response has been instant, and we are overwhelmed by the positive reception among both players and operators. Our aim in the development has been to create games that attract new player types and to expand the Live vertical into new segments, and so far, we are very happy with the outcome. All games, from the new titles within the Game Show category to the dice games, find their audiences and we see a significant increase in the number of players. The new games are not as staff intensive as the traditional table games, which in combination with a generally high efficiency in all studios contribute to the margin development. The extended portfolio also contributes to the revenue growth, but it is important to note that most of our revenues continue to derive from our core games and that the new games are still in an early stage post-launch. However, all new titles contribute to a generally higher interest in Live Casino and we believe that the Live vertical will continue to grow its share of the total online casino market. When the Live vertical grows, we take market shares – as do our customers with access to the new games.

Revenues amounted to EUR 85.7 million, which is 45 percent higher than the corresponding quarter last year. EBITDA amounted to EUR 42.7 million with a margin of 49.8 percent, which is the highest margin recorded so far in a single quarter. In the first half of the year, the margin was 47.7 percent, and we expect to be able to sustain this level in the second half as well which is why we increase our expected margin range to 47-49 percent for the 2019 full year.

The positive market development continues. The Nordics are growing, however at a somewhat slower pace as the Swedish market now is normalising following the intense start to the year as a result of the new gaming legislation. The UK continues to stabilise and is growing compared to the corresponding quarter last year. Both Rest of Europe and Rest of World also exhibit favourable growth.

Going forward, we will continue to invest in the development of both additional game shows and other innovative product types, as well as table games to meet the overall demand for Live. We also continue to invest in our studios. During the quarter, we have transferred the first tables to the new Malta studio, while also expanding the studio in Georgia. In addition, we have initiated a doubling of the capacity in New Jersey. We will also strengthen our presence in the US further and have started the planning for the construction of a studio in Pennsylvania. All in all, investments for the 2019 full year in absolute numbers will be somewhat higher than in 2018. It is imperative for us to meet the demand for Live, to continue to enable innovation within the company and to constantly increase the gap to competition. Connected to this, it is important to remember that in a case where we must prioritise, we will always put growth before margins.

During the first half of the year, we have laid the foundation for Evolution’s continued leadership in Live Casino. A proof of this was when we received the award as Live Casino Supplier of the Year for the tenth consecutive year at the EGR B2B Awards in June. The award goes straight to all our employees. I am immensely proud of everyone’s achievements so far this year, and the innovation power they possess creates confidence for the future.

Since Evolution’s inception, we have had a paranoid approach to our development, and given all achievements so far in 2019 I would like to conclude these comments by pointing out that we are never fully satisfied, we never sit back and each day, we fight to become a little bit better.”

 

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Gambling in the USA

NetEnt games live in Pennsylvania, USA

George Miller

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NetEnt games live in Pennsylvania, USA
Reading Time: 1 minute

 

As expected, the new regulated online gambling market in Pennsylvania has opened. After successful integrations, NetEnt’s games are now live in the US state.  

 

In March this year, NetEnt, through its subsidiary NetEnt Americas LLC, was granted an Interactive Gaming Manufacturer Conditional License by the Pennsylvania Gaming Control Board (PGCB).

Pennsylvania is the second large US state to regulate online casino and with almost 13 million people, it is the fifth largest state by population. The state has a long tradition of gambling on the land-based side. As previously communicated, NetEnt has signed customer agreements with several gambling operators in the state and has been preparing to launch its games as the market opens.

“I am very pleased that the market in Pennsylvania has now opened. We are one of the few online casino suppliers offering our games right from the start, and I am convinced that our award-winning online casino games will be much appreciated by players in Pennsylvania,” says Erik Nyman, Managing Director NetEnt Americas LLC.

 

About NetEnt:

NetEnt Americas LLC is a US subsidiary of NetEnt AB (publ), a leading digital entertainment company, providing premium gaming solutions to the world’s most successful online casino operators. Since its inception in 1996, NetEnt has been a true pioneer in driving the market with thrilling games powered by a cutting-edge platform. NetEnt is committed to helping customers stay ahead of the competition, is listed on NASDAQ Stockholm (NET–B) and employs 900 people in Malta, Stockholm, Kiev, Krakow, Gothenburg, Gibraltar and New Jersey. www.netent.com

 

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Industry News

CasinoGuide relaunches for the second time in less than a year

George Miller

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CasinoGuide relaunches for the second time in less than a year
Reading Time: 2 minutes

 

The brand believe the changes will help them to ‘set a new standard’ in online casino comparison.

New Features
Following on from the brand’s relatively recent top-down change in November last year, and its launch into the German market in January of this year, CasinoGuide has now revealed their latest raft of improvements wrapped up in a completely new design – which has been unofficially dubbed ‘CasinoGuide 3.0’.

The flagship new feature that should be immediately noticeable to CasinoGuide visitors is the option to filter their recommended casino list based on 50+ criteria – such as available bonus offers, payment options and certain pre-defined features. The list can also be sorted in seven different ways.

According to Project Manager Alex Tester, “this new feature allows visitors to specify exactly what they are looking for, and immediately see all of the online casinos that meet their requirements. And most importantly, we can be sure that we are serving everyone – whether you’re just looking for the biggest bonus, or a casino with a high roller bonus, NetEnt games, live chat, 1000+ slots, gamification and PayPal support.”

New Look
As part of this wholesale change affecting all of the sites under the CasinoGuide brand, the casino portal has abandoned the primarily black and white look that it had been sporting with a brighter, more upbeat colour scheme of purple, yellow, and white. This colour scheme is consistent across all three of the CasinoGuide brand sites – CasinoGuide.co.uk, CasinoGuide.de, and CasinoGuide.com.

The logo has been updated too, and now focuses more on the ‘guide’ aspect of the brand with its similarity to a location pin.

Why Change Again?
“We took a long, hard look at what we were offering compared with our competitors, and found several areas we could improve in. That knowledge, combined with some great original ideas, gave us the recipe that will help us achieve our vision: to be the #1 online casino guide.”

 

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