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Gambling.com Group Releases 2019 Q1 Interim Report

George Miller

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Gambling.com Group Releases 2019 Q1 Interim Report
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Q1 Interim Report | 3 months ended 31 March 2019

JAN – MARCH 2019 COMPARED TO JAN – MARCH 2018

  • Revenues totalled EUR 5.24 (3.46) million, an increase of 52%. The organic growth rate was 50% (98% of total growth).
  • Adjusted EBITDA excluding non-recurring costs totalled EUR 1.75 (1.32) million, an increase of 33%, corresponding to an adjusted EBITDA margin of 33 (38) %
  • EBITDA totalled EUR 1.75 (0.99) million, an increase of 76%, corresponding to an EBITDA margin of 33 (29) %
  • Net cash generated from operating activities was EUR 1.05 (0.93) million
  • New Depositing Customers (NDCs) totalled 26,525 (15,984), an increase of 66%

SIGNIFICANT EVENTS DURING THE FIRST QUARTER 2019

  • Approval to Expand Business in New Jersey | The Group has been granted approval by the New Jersey Division of Gaming Enforcement to expand business deals with operators to include revenue sharing components.
  • American Gambling Awards by Gambling.com | The Group announced a new annual awards program aiming to recognise excellence in the American market for regulated online gambling. The results of the program will be announced in the second quarter.
  • Sale of Treasury Bonds | The Group has sold treasury bonds with a nominal value of EUR 0.1 million thus increasing net borrowing from the senior bonds issued at 22 October 2018 to EUR 15.6 million at the quarter end.
  • EUR 7,100,000 Convertible Notes Issue 2017/2019 | The Group redeemed early, part of the Notes with a principal value of EUR 0.1 million. The remaining balance matures on 30th June 2019.
  • Department of Justice Wire Act Re-Interpretation | The United States Department of Justice released an opinion which re-interpreted the Department’s own opinion on the Wire Act from 2011. The ramifications of the new opinion are not yet clear but could create headwinds for the roll-out of regulated online gambling in the United States.
  • Regulation of Swedish Online Gambling Market | As of January 1, 2019 the Swedish market is locally regulated and taxed. We have seen our Swedish assets perform well in terms of NDC production but with a commensurate decrease in player value.

SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD

  • New US States Legislation | Indiana, Iowa, Montana, and Tennessee took measures to authorize sports betting.
  • Gambling.com Joins the Fantasy Sports & Gaming Association (“FSGA”) Board of Directors | In April 2019 the Group represented by Gavin Walters, the Group’s director of business development, was appointed to the FSGA Board of Directors.
  • Membership of the Associated Press Sports Editors (“APSE”) | The Executive Committee of APSE has granted membership to Gambling.com Group Plc thus the Group becomes the first member of APSE focused on covering the emerging sports betting market in the United States.
  • Publication of Annual Report | The 2018 Annual Report and consolidated Financial Statements was published on April 25 and is available on the official website of the Group (www.gambling.com/corporate).
  • Increase in United Kingdom Remote Gaming Duty | The UK government has announced an increase in Remote Gaming Duty on operators from 15% to 21% with effect from April 1st, 2019.

“The Group delivered yet another record quarter. Revenue grew 52% to EUR 5.24 million compared to Q1 2018. Virtually all of the growth was organic. Q1 EBITDA was also a record at EUR 1.75 million.” – Charles Gillespie, Chief Executive

 

About Gambling.com Group:

Gambling.com Group Plc is a multi-award winning provider of digital marketing services for the global iGaming industry. Founded in 2006, the group has a workforce of more than 110 and operates from offices in Dublin, Tampa and Malta. The group publishes websites that offer comparisons and reviews of online gambling websites in 15 national markets in 9 languages. Players use these resources to select which online gambling operators they should trust to offer a safe and honest online gambling experience. The Group’s publishing assets include the leading iGaming industry portal, Gambling.com® as well as Bookies.com and the CasinoSource℠ series of portals, among many others.

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NetGaming signs content distribution agreement with EveryMatrix

George Miller

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NetGaming signs content distribution agreement with EveryMatrix
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NetGaming, the creative casino games studio, has partnered with EveryMatrix’s CasinoEngine in a deal that boosts the supplier’s access to important markets around the globe.

NetGaming’s engaging slot collection, including its latest release Kitty Cafe, is set to be integrated into EveryMatrix’s casino aggregator.

CasinoEngine is a highly performant integration and productivity platform and the largest casino content library in the industry, thanks to its collection of over 8,000 games and 260+ local and global jackpots.

NetGaming’s immersive game content is available in 26 languages and can be operated with 41 currencies.

Pallavi Deshmukh, CEO at NetGaming, said: “We are delighted to sign with EveryMatrix, as the company’s strong distribution capability enables us to expand across a range of key territories.

“We feel confident that our impressive portfolio will prove popular amongst players and look forward to a fruitful long-term partnership.”

Amund Stensland, COO at CasinoEngine, said: “We are thrilled to have NetGaming on board, and the company’s entertaining slot titles will be a welcome addition to our offering.

“Our focus is to integrate high-quality gaming suppliers for our vast operators’ network seeking to expand into new jurisdictions.”

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Spain’s Consumer Affairs Minister Unveils Plans for Crackdown on Gambling Advertising

Niji Narayan

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Spain’s Consumer Affairs Minister Unveils Plans for Crackdown on Gambling Advertising
Photo Source: insider.com
Reading Time: < 1 minute

 

Alberto Garzon, consumer affairs minister of Spain, has unveiled the plans for a crackdown on advertising by gambling companies and casinos.

The proposals are an attempt by Garzon’s left-wing Unidas Podemos party to make good on its campaign promise to protect youth and gambling addicts, having formed a coalition government with the Socialist Party in January.

The government aims to reduce television gambling advertising by as much as 80% and ban companies from hiring celebrities to market gambling products and services.

“The regulation has to be similar to tobacco. We are not regulating the textile sector here, but a sector that has an impact on public health,” Garzon said.

The new proposals also include a ban on marketing that offers the likes of free bets to new customers, which Garzon said lures vulnerable groups into gambling.

Government data shows that online betting by Spaniards has almost tripled between 2014 and 2018 to 17.8 billion euros ($19.2 billion).

Sports betting is now so strong that almost all leading Spanish soccer clubs, including Barcelona and Real Madrid, feature gambling brands among their official sponsors. Among those with gambling companies as official shirt sponsors are Levante, partnered by Betway.

The government plans to prevent soccer clubs from selling to children jerseys emblazoned with gambling brands, but its proposals stop short of a total ban on such logos on professional teams’ official kits.

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Hacksaw Gaming launches My Lucky Number exclusively with Rootz

George Miller

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Hacksaw Gaming launches My Lucky Number exclusively with Rootz
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Hacksaw Gaming ​ is thrilled to announce that My Lucky Number has launched exclusively with Rootz on Wildz.com until 23 ​rd ​ March 2020.

My Lucky Number ​ features an amazing jackpot of €25,000,000. The personalised addition of the player choosing his or her own lucky number is also an innovative feature that makes the jackpot win extra special.

Hacksaw’s content has been live with Wildz since September 2019 and the partnership has gone from strength to strength so it comes as no surprise that an exclusivity agreement to launch Hacksaw’s first premium slot was reached with the operator.

Marcus Cordes, COO at Hacksaw Gaming ​said, “We are determined to push the boundaries when building our games and My Lucky Number is no exception. With its added personalised touch to enable players to choose their own winning number, we believe that My Lucky number offers a new gaming experience whilst keeping in line with Hacksaw’s aesthetic and we are proud to announce it through Rootz.”

Tony ​Kjäldström​, COO at Rootz ​added, “At Rootz, we are always looking to give our customers a diverse and personalised gaming experience and we are extremely excited to be the first to launch Hacksaw’s My Lucky Number exclusively on Wildz.com. ​We believe that My Lucky Number will be very popular with our players thanks to its unique features and huge jackpot.​”

My Lucky Number is available to play ​at ​www.wildz.com​ on ​Tuesday 25​th ​ February 2020

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