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Evolution Gaming Interim Report Jan-Mar 2019

George Miller

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Evolution Gaming - INTERIM REPORT FOR JANUARY-MARCH 2020
Reading Time: 4 minutes

 

Evolution released its Interim Report for January-March 2019.

First quarter of 2019 (Q1 2018)

  • Operating revenues increased by 54% to EUR 79.3 million (51.6)
  • EBITDA increased by 64% to EUR 35.9 million (22.0), corresponding to a margin of 45.3% (42.6)
  • Profit for the period amounted to EUR 28.6 million (16.5)
  • Earnings per share amounted to EUR 0.79 (0.46)

Events during the first quarter of 2019

  • Good leverage from investments made in 2018
  • Roll-out initiated of several new games including MONOPOLY Live
  • Several new customers live – DraftKings (USA), Lotoquebec (Canada), Svenska Spel and ATG (Sweden)

Summary of the first quarter

Summary of First Quarter Jan-Mar 2019

Comments from CEO Martin Carlesund:

Evolution has been off to a strong start in 2019, both in terms of growth and profitability. Revenues in the first quarter amounted to EUR 79.3 million, corresponding to an increase of 54 percent compared to the first quarter of 2018. EBITDA amounted to EUR 35.9 million with a margin of 45.3 percent. With a favourable start to the year and with high confidence in the upcoming product launches, we currently see good conditions to finish in the upper end of the previously communicated range of 44-46 percent EBITDA margin for the 2019 full year.

An important explanation to the development is that we now can leverage from the investments made in 2018. Throughout last year, we expanded studio space as well as customer environments and the number of tables in line with the increasing demand from our customers, and we can now see how all of this pays off. It is our assessment that Live Casino as a product vertical will continue to take market shares in 2019 and why we consequently will continue to invest based on our customers’ demands in our studios also going forward. A demand driver is the fact that we are broadening the Live vertical with new products that appeal to completely new end users. In that way we can address a considerably larger part of the total online casino market.

As highlighted already in the year-end report, we showcased 10 new games at ICE in London in February. This equals not only a record-amount of game launches in one single year, but also the addition of entirely new game categories. It is important to note that the new games haven’t had any extensive effect on the quarterly growth, as the roll-out has just begun – it will take time before all the games are available for the end users, and it will then take time for end users to discover the games. However, already now we can establish that one of the main attractions – MONOPOLY Live – has been off to a historically strong start both in terms of player counts and gaming revenues. We are immensely proud of this launch, which we believe redefines the essence of Live Casino entertainment. The unique mix of Live Casino and RNG with augmented reality technology provides something completely new in the market. On a similar theme, we will soon launch our unique live game show Deal or No Deal Live. Both these titles prove how we to a larger extent are focusing on more entertainment for the player, and we are well under way to create a whole new product vertical in our game lobby that we refer to as Game Shows. Through this, we expand to a much broader group of end users and consolidate Evolution’s position as the leading innovator in the gaming industry. That we have been given the opportunity to work with world-famous brands such as MONOPOLY and Deal or No Deal provides even more power in our efforts.

Besides developing brand-new game types, we also continue to innovate our core – the classic table games. This year we look forward to the launches of Free Bet Blackjack, which is the most popular variety of Blackjack at land-based casinos, and our new poker game Side Bet City. We will also expand into dice games with Lightning Dice, building on the success of Lightning Roulette, as well as our take on Sic Bo – Live Super Sic Bo. This means that while we, through the above-mentioned game shows, can reach new end users, we also strengthen our leading offering that appeals to traditional Live players.

The market development in the quarter has been good, not least underpinned by increasing regulation. During the quarter, we went live with customers such as DraftKings in the US, Lotoquebec in Canada, and Svenska Spel and ATG in Sweden. We can establish that the share of Live Casino increases among the operators in more or less every newly regulated or re-regulated market.

With hard and focused work and high energy throughout 2018 and in the first quarter of 2019, we have taken our product portfolio to a whole new level, broadened our own market and created a new market for the industry, which in our perspective makes the gap between ourselves and the competitors wider than ever. Our launch pipeline has never been as strong as it is now. Hence, it is my absolute opinion that we have solid opportunities to further extend the distance to the competitors and strengthen our leading position during the remainder of the year.

Presentation for investors, analysts and the media

CEO Martin Carlesund and CFO Jacob Kaplan will present the report and answer questions on Thursday, 25 April 2019 at 09:00 a.m. CET via a telephone conference. The presentation will be in English and can also be followed online. Number for participation by telephone: +46 8 5055 8355 / +44 3333 009 267. Follow the presentation at https://tv.streamfabriken.com/evolution-gaming-group-q1-2019.

 

European Gaming News

Pariplay Joins Forces with Portugal’s Prestigious Estoril Sol Group

George Miller

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Pariplay Joins Forces with Portugal’s Prestigious Estoril Sol Group
Reading Time: 2 minutes

 

Pariplay Ltd., a gaming technology company serving iGaming operators, land-based casinos and lotteries, has announced a partnership with Portuguese market leading operator, Estoril Sol Digital, from Estoril Sol Group, further expanding its presence in the regulated iGaming space in Europe. Through this agreement, Estoril Sol’s ESC Online brand will reap the benefits of Pariplay’s extensive repertoire of over 100 high-quality games as well as a catalogue of exciting third-party titles.

ESC Online was the first licensed casino operator in Portugal’s regulated online market. Operating on the same principles as their highly recognised land-based casinos in Portugal – Casino Estoril, Casino Lisboa and Casino da Póvoa – and optimised for enjoyment across all devices, ESC Online strives to deliver the same excellent gaming experience across all platforms for online players.

Complementing ESC Online’s impressive gaming portfolio, which is comprised of popular slots, blackjack and roulette games, is Pariplay’s state-of-the-art content of over 100 exciting and engaging online casino games. This includes recent releases like Mystery Fox and popular titles, such as Dragons of the North and Wolf Riches, which are designed using unique themes and rewarding special features.

The partnership is poised to have a huge impact on player engagement in the Portuguese iGaming market and further amplify ESC Online’s market dominance.

Rui Magalhães, CEO at Estoril Sol Digital, said: “We are thrilled to have signed an agreement with a games provider of Pariplay’s calibre. Their broad regulatory footprint, high-quality games and cutting-edge technology are exactly what we are looking for in a partner to help us achieve our goals. We anticipate their superior suite of interactive casino games to tremendously benefit our content offering.”

Adrian Bailey, Managing Director at Pariplay, said: “We are very excited about partnering with the prestigious Estoril Sol Group and marking another great deal in the Portuguese gaming market, where Pariplay continues to establish our presence. Much like us, they have proven to be a trailblazer within the industry, making them and Portuguese players an ideal fit for our innovative technology and game content. Onboarding another great operator aligns with our strategy to expand our regulated footprint and make more strides across all key European markets.”

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IDnow launches free regulatory information service “KYC Insider”

George Miller

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IDnow launches free regulatory information service "KYC Insider”
Reading Time: 2 minutes

 

IDnow a leading provider of Identity Verification-as-a-Service solutions and regulatory expert presents KYC Insider, a free information service on regulatory changes around Know-Your-Customer and Digital Identities in Europe. The lead author is Rayissa Armata, a long-standing expert in the field of regulation.

The digital platform “KYC Insider” provides interested readers with background information and current updates on the latest changes by the regulatory authorities via newsletter. Through her daily interaction with regulators and governments and her close contact with IDnow’s clients, author Rayissa Armata has her finger on the pulse of the sector and knows the needs and background of all parties.

“The regulatory landscape in Europe is highly dynamic. There is a variety of regulated industries and differences in each country – a complex sector. At IDnow, we work with companies in a wide range of sectors and have gained a wealth of experience over the years. I would now like to share this knowledge and provide interested parties with up-to-date and exclusive information via our new platform KYC Insider”, says Rayissa Armata, Head of Regulatory Affairs at IDnow.

“Cooperation with regulatory authorities such as BaFin in Germany (Federal Financial Supervisory Authority) has been essential since the company was founded. When we had the first idea for a video identification service in 2012, it was not yet approved by the authorities. We have now been working closely with the relevant bodies for many years to make our current product portfolio possible” adds Armin Bauer, CTO and co-founder of IDnow.

IDnow has recently been selected by the European Telecommunications Standards Institute (ETSI) to participate in a new working group on electronic signatures and infrastructures (ESI). As a member of the Special Task Force 588, IDnow is part of an exclusive group of specialists who started work in April 2020 to fill existing gaps in identity verification standards. The objective of the Task Force is to develop new standards and guidelines for electronic signatures and related trust services.

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Easy Payment Gateway: Why the Gambling Sector Has Grown During the COVID-19 Crisis

George Miller

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Easy Payment Gateway: Why the Gambling Sector Has Grown During the COVID-19 Crisis
Reading Time: 2 minutes

 

The extraordinary situation in which we find ourselves as a result of the COVID-19 crisis has led to a temporary sale decline in many economic sectors, but has also led to an increases in others. Industries such as pharmaceuticalsfood and technology have seen an increase in turnover in recent months.

However, other sectors have also been able to adapt the products and services that they offer to meet the needs of the market. Many businesses have either taken the leap into the online sphere or strengthened their existing resources in this channel in order to lessen the negative effects caused by the pandemic. According to statistics provided by Easy Payment Gateway, the Spanish payment services and fraud management aggregator, their clients saw a 10% growth in transaction processing volume compared to the data from the previous month. This was especially evident within the gambling sector, in which companies have managed to increase their sales during this period thanks to their vast presence on the internet.

Over the past few weeks, Easy Payment Gateway have been able to observe how many of their customers – especially those in the gambling sector – have asked them to manage their expansion into other markets like Latin AmericaAsia and some African countries. “Offering products or services in other countries requires a wide variety of payment options, so as not to lose sales in any region,” warns Manuel Prieto, CEO of Easy Payment Gateway.

In fact, according to Modularbank data, 83% of UK consumers say that payment technology is a key criterion when making purchases online. In addition, 42% admit that they would abandon a high value transaction if their favourite payment method were not available.

Thanks to the one-of-a-kind technology provided by this Spanish company, it is possible to offer the customer a wide range of payment methods to ensure that their preferred option is available, thus improving their shopping experience which is reflected in increased sales. The Easy Payment Gateway platform offers customers 240 suitable payment methods, of which 190 are alternatives. In addition, they work with 35 bank card processors worldwide, all with a single integration.

“In this extraordinary situation you have to look for solutions that bring in business and help to promote growth, always considering the varying characteristics of each sector. At Easy Payment Gateway, we have a unique, user-friendly payment technology that helps to finalise transactions and facilitates internationalization,” concludes Prieto.

SOURCE Easy Payment Gateway

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