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Pragmatic Play Live With SuprNation

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Pragmatic Play Live With SuprNation
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Pragmatic Play, one of the leading software providers for video slots, live casino and bingo, has launched its slot games with SuprNation.

The operator’s customers will now have access to the provider’s full portfolio of award-winning videoslots, including successful recent releases John Hunter and the Aztec Treasure, Sweet Bonanza and Pirate Gold, as well as portfolio favourite Wolf Gold.

Pragmatic Play’s titles will be available to players across SuprNation’s casino brands, Voodoo Dreams, NY Spins, and Duelz.

Yossi Barzely, Chief Business Development Officer at Pragmatic Play, said: “We are thrilled to have signed this agreement with SuprNation, who operate across the continent.

“We are delighted to further extend our reach across regulated markets, and look forward to a long and illustrious relationship with SuprNation.”

Rasmus Hammar, Casino Manager at SuprNation said: “Pragmatic Play’s slot portfolio is one of the best available in the market and we are very pleased to be able to offer it to our players.

“They consistently develop some of the best innovative slot content in the market, and we can’t wait to work with them.”

 

About Pragmatic Play:

Pragmatic Play is a leading content provider to the iGaming industry. Pragmatic Play offers a multi-product portfolio of innovative, regulated and mobile-focused gaming products.

Our passion for premium entertainment is unrivalled. We strive to create the most engaging and evocative experience for all our customers across a range of products, including slots, live casino and bingo, all of which are available via a single API.

Pragmatic Play’s Games Library contains unique in-house content consisting of over 100 proven HTML5 games, available in all currencies, 26 languages and all major certified markets. We release three new video slots every month, with plans in place to further expand this.

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Catena Media Reports Strong Growth in Q3

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Catena Media has announced the preliminary results for the third quarter ahead of the interim report to be published on November 17.

The company reports strong growth in revenue and adjusted EBITDA fuelled by an exceptionally strong US performance, along with an impairment charge arising from a writedown of German and French sports assets.

Revenue in Q3 is estimated at EUR 33.1m (24.9m), up 33% from the same period last year. Revenue from North American iGaming increased by approximately 124% and accounted for 51% of group revenue during the quarter.

Organic growth is estimated at 23%, or 34% excluding the now-regulated German iGaming market, where revenue fell approximately 62% and accounted for 4% of group revenue during the quarter.

Adjusted EBITDA, excluding items affecting comparability, is estimated at EUR 16.0m (12.0m), an increase of 33% and corresponding to a margin of 48%.

Operating profit will be negatively impacted by a non-cash impairment of intangible assets in accordance with IAS 36, resulting in an estimated writedown of EUR 49.4m. EUR 42.8m of the writedown pertains to German sports assets acquired between 2016 and 2018. EUR 6.6m relates to French sports assets acquired in 2018.

The writedown and consequent impairment charge reflect an updated assessment by management of the assets’ expected future earnings in the context of recent regulatory changes in Germany’s iGaming market and overall market conditions. Management regularly assesses expected future earnings in accordance with IAS 36 and may further adjust assets’ amortisation plans. The writedown will have no impact on cash flow.

Catena Media CEO Michael Daly said: “Q3 was an exceptional quarter with September revenue breaking our monthly all-time high. This was the result of our strategic investment in organic development, particularly in North America, and was supported by two recent acquisitions in the United States and the opening of the iGaming market in Arizona. The impairment charge adjusts our European business to new market realities following a review by the management team and our focus on transforming the business to reach maximum potential.”

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Industry News

888 Announces Q3 2021 Trading Update

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888, one of the world’s leading online betting and gaming companies, has announced a trading update for the three months ended 30 September 2021 (Q3 2021). The Group’s Q3 2021 performance was in line with the Board’s expectations.

At the end of the Period and following policy changes published by the Dutch Gambling Authority (KSA), the Group took the decision to cease provision of services in the Netherlands from 1 October 2021. The Group continues to believe the Netherlands represents an attractive medium-term opportunity and intends to apply for a local licence in the coming months. Notwithstanding this unforeseen development within the Netherlands, the Board remains confident that the performance of the Group during the current year will be in line with its expectations.

Looking ahead, the timing of any licence award within the Netherlands remains unclear, but the Group aims to be operational within the country during the second half of 2022. This temporary closure is expected to negatively impact 2022 EBITDA, post certain mitigations at Group level, by approximately $10 million, with no change in the Group’s expectations for 2023 and beyond.

Itai Pazner, CEO of 888, said: “Q3 2021 was a period of outstanding strategic progress for 888. During the period we announced the transformational acquisition of William Hill International, successfully launched SI Sportsbook in the US, and began operating 888sport under a new licence in Germany as we continued to execute our plan to build a global online betting and gaming leader.

“Alongside these important strategic milestones, I am pleased with the Group’s continued positive trading, particularly as we lap very tough comparative periods. This performance reflects the continued success of our data-driven investments and execution against our product-leadership plan that delivers ongoing improvements in the usability, quality and safety of our sports betting and gaming products.

“Underpinned by our advanced technology, leading products, and strong brands, as well as the increased scale, talent and diversification that the Group will benefit from as a result of its combination with William Hill International, we have a very exciting platform for long-term growth.”

Business Review

Q3 2021 was a period of significant progress for 888. During the Period, the Group announced the transformational acquisition of William Hill International, which will significantly enhance the enlarged Group’s scale and create leading positions in several key regulated markets. In addition, the Group continued to deliver on its long-term growth strategy in the US market with the successful launch of SI Sportsbook in Colorado, utilising 888’s in-house sports betting platform for the first time in the US.

B2C

Gaming revenue growth of 11% was led by casino, reflecting the continuing success of the Group’s investment in enhancing the user experience through product and content leadership as well as AI-driven personalisation.

During the period, the Group launched more than 150 new casino games including several in-house developed games, which continue to resonate well with customers and provide a differentiated experience. Alongside expanding the range of content, the Group continues to improve the experience for customers using AI-driven recommendation engines and personalised offers, which it believes is leading to increased share of wallet, and therefore market share gains in several key regulated markets such as the UK, Italy, Spain and Romania.

Betting revenue declined 15% against Q3 2020 when the Group delivered a very strong performance that benefited from a condensed calendar of sporting events following Covid-related disruption, particularly within football across the Group’s UK and key European markets. Compared to Q3 2019, betting revenue increased 21%.

B2B

Revenue from 888’s B2B division increased 4% to $9.6 million, with both the bingo and US operational segments delivering moderate growth.

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SYNOT Games Signs Distribution Deal with Playtech

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SYNOT Games has signed a new content distribution deal with Playtech, the world’s leading gambling technology company.

This deal is another important landmark in the SYNOT Games growth strategy, continuing to deliver gaming content into new, regulated markets.

This partnership will further enrich the existing Playtech offering of popular titles, including top performers such as Book of Secrets, Respin Joker, Mysterious Atlantis and newest releases Pixel Reels, Fruits Go Multiply, Diamondz and others. SYNOT Games slots will be available in both desktop and mobile resolutions.

The popularity of the 70 plus in-house produced SYNOT Games has risen rapidly among Europe’s largest online casino brands as well as retail slot halls and is now available to a broader player audience.

“This partnership shows our commitment to expanding our reach into new regulated markets across the globe and we are looking forward to a successful partnership,” Ivan Kodaj, CEO at SYNOT Games, said.

“We are delighted that SYNOT Games has joined the Playtech distribution network as its Casino software partner. Playtech’s scale and distribution is a powerful offering for potential partners, and this is a great example of our commitment to partnering with the right and well-known companies to bring great content to regulated and growing markets,” Tomasz Mogiła, Country Manager at Playtech, said.

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