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GentingBet launches Baccarat Live from Genting Casino London Chinatown

George Miller

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GentingBet launches Baccarat Live from Genting Casino London Chinatown
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GentingBet is expanding its live casino games offering with the launch of Baccarat Live from London Chinatown, providing online customers with an immersive land-based casino experience.

The new online release gives fans of the historic French card game the chance to play at the gaming tables of the Central London establishment in real time alongside customers on the gaming floor. This unique online experience provides customers the opportunity to play anytime, anywhere and on any device.

Situated in the heart of the capital city, Baccarat Live from London Chinatown gives customers the chance to experience the energy and excitement of one of Genting’s most prominent venues – Genting Casino London Chinatown.

The game offers a premium gaming experience and is hosted by the casino’s expert croupiers. The table is open to play online from 4pm to 4am daily and with stakes that range from £10.00 to £10,000.00.

Jeremy Taylor Managing Director of Genting Online said: “Our range of Live From games offers customers a truly immersive and unique gaming experience which sets us apart from anyone else in the industry. And, Baccarat Live from London Chinatown offers customers high quality, in casino gaming from the comfort of their surroundings.”

Baccarat Live from London Chinatown is the latest addition to GentingBet’s fast growing range of Live From… titles which brings together its online and offline casino offering.

Industry News

Raketech: Interim report Q3 2019

George Miller

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Raketech: Interim report Q3 2019
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THIRD QUARTER 2019

  • Total revenues amounted to EUR 6.0 million (EUR 7.0 million) representing a decrease of 15.1%.
  • Organic growth amounted to -17.9% (28.6%).
  • Adjusted EBITDA decreased by 34.2% to EUR 2.7 million (EUR 4.1 million), corresponding to a margin of 45.5% (58.7%).
  • Adjusted operating profit amounted to EUR 1.5 million (EUR 3.7 million), corresponding to a margin of 25.1% (52.4%).
  • Profit for the period decreased by EUR 0.5 million from EUR 1.7 million to EUR 1.2 million.
  • Earnings per share before dilution amounted to EUR 0.03 (EUR 0.05) representing a decrease of 38.5%.
  • NDCs (New Depositing Customers) decreased by 0.2% to 26,782 (26,837).

FIRST NINE MONTHS OF 2019

  • Revenues increased by 0.7% to EUR 18.1 million (EUR 17.9 million).
  • Organic growth amounted to -3.7% (22.6 %).
  • Adjusted EBITDA decreased by 8.6% to EUR 9.0 million (EUR 9.9 million), corresponding to a margin of 50.0% (55.1%).
  • Adjusted operating profit amounted to EUR 6.2 million (EUR 8.9 million), corresponding to a margin of 34.4% (49.7%).
  • Profit for the period amounted to EUR 7.5 million (EUR 2.8 million) representing an increase by 165.9%.
  • Earnings per share before dilution amounted to EUR 0.20 (EUR 0.10) representing an increase of 100.6%.
  • NDCs (New Depositing Customers) increased by 26.4% to 80,364 (63,599).

EVENTS DURING THIRD QUARTER 2019

  • Casumba Media Ltd., a Maltese registered media company, was acquired during the quarter for the agreed purchase price of EUR 2.0 million with the possibility of additional earnouts based on certain performance measures. Casumba offers an extensive amount of affiliate websites in the Japanese market and through the acquisition Raketech gets an immediate footprint in Japan as an emerging market in iGaming.
  • During the quarter Raketech has repurchased in total 108,000 own shares. The share repurchases have been carried out within the buy-back programme authorised at the annual general meeting held on 8 May 2019.

SUBSEQUENT EVENTS AFTER THE END OF THE THIRD QUARTER

  • On 1 October it was announced that the current Chief Financial Officer, Andreas Kovacs, has been appointed as Director of Business Development, a new role, and Måns Svalborn will join as CFO. Måns will officially take over as CFO on 1st December 2019.

CEO MICHAEL HOLMBERG COMMENTS ON THE QUARTER

“In the third quarter, both revenues and the number of NDCs increased compared to the previous quarter, despite a continued challenge in the Swedish gaming market. We have a positive underlying revenue development with an increased revenue share, which drives recurring revenues – however, this will come into full effect during the upcoming years. During the quarter, we continued to focus on global expansion, with concrete progress in both Japan and Germany. All in all, this gives us confidence for the future, even though the result for the third quarter is unsatisfactory.

Our products continue to generate high traffic levels for our partners. The underlying NDC development is on par with the previous year, despite changing conditions in the Swedish market. The NDC growth of 7 percent compared to the second quarter shows strength in customer acquisition and traffic. I am glad that we can show a strong operating cash flow for the quarter of EUR 3.2 million, which is 41 percent higher than the corresponding period last year.

For the first time ever, Raketech’s operations outside of the Nordic region accounted for 10 percent of the revenue mix, with contributions from Germany, Canada, New Zealand and Japan amongst others. This is thanks to the ongoing efforts to expand geographically.

In brief, the expansion strategy means that we will operate in at least three continents, and each continent will represent at least 10% of the company’s revenues over time. This is a clear strategy that we are executing. I am certain that we will be successful in building a global company, with products in sports and gaming that serves operators, media companies and other businesses with a focus on responsible and user-focused services.”

PRESENTATION FOR INVESTORS, ANALYSTS AND THE MEDIA

CEO Michael Holmberg and CFO Andreas Kovacs will present the report and answer questions in an audiocast at 9.00 a.m. CET on 21 November. The presentation will be held in English and can be followed online via https://tv.streamfabriken.com/raketech-q3-2019. To participate by phone, please dial +46 8 5664 2703 (SE), +44 3333 009 263 (UK)

REPORT LINK

The report is attached to this press release and also available at https://raketech.com/investor/

 

About Raketech Group

Raketech is a leading online affiliate and content marketing company, specialised in comparison services for sports and gaming, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high-quality traffic and leads to its partners. Raketech grows both organically and via acquisitions and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier Growth Market with ticker RAKE. Erik Penser Bank AB is the company’s Certified Adviser ([email protected] / +46 8 463 83 00).  For more information, visit www.raketech.com.

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Industry News

Highlight Games Announces Extension Of Italian “Serie A” Rights

George Miller

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Highlight Games Announces Extension Of Italian “Serie A” Rights
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London-based video virtual sports specialist Highlight Games Limited today announces that it has extended its rights agreement to use archive footage from the biggest clubs in Italian Serie A in its betting products globally.

Highlight Games’ premium SOCCERBET single match and league products are exclusively licensed and ADM approved.  Following the extension of rights, SOCCERBET will be available to customers in additional territories both for retail and online implementations.

SOCCERBET is currently available in Italy and live with leading operators including Eurobet, Sisal and Lottomatica, where it is the #1 performing virtual sports product across all channels by both turnover and GGR.  The game will also be live with Snaitech, Goldbet and SKS365 in Italy before the end of 2019.

Highlight Games’ Italian Serie A SOCCERBET games can be viewed here

Stewart Whittle, Founder, Highlight Games, said, “The Serie A version of SOCCERBET has already proven to be hugely popular with players in Italy, and Highlight Games is delighted to be further extending its availability globally for betting and lottery operators.  In offering players the unique opportunity to bet on genuine archive footage with real commentary Highlight Games has developed a product which is changing the way in which customers engage with and bet on virtual sports.”

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Fantasy Sports

Scout Gaming appoints new COO

George Miller

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Scout Gaming appoints new COO
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Scout Gaming Group appointed Terje Bolstad, as new Group COO. Terje will take an overall organizational responsibility for the Group as it now moves into an intense growth phase.

Terje Bolstad has extensive experience from leading modern tech organizations, previously on Experis IT in Norway.

“We are pleased to welcome Terje Bolstad to Scout Gaming. As we are currently undergoing some heavy growth, rolling out new clients and products in a rapid pace, we want to secure our processes, structures and our agility even further to meet and deliver over the expectations from our existing and coming customers.”, comments CEO, Andreas Ternstom.

Terje Bolstad will based in Bergen, Norway but till oversee the full group.

“I’m impressed how Scout Gaming in a very short time frame, has taken a landgrab of a new market”, comments COO, Terje Bolstad.

He continues “Growing the market within media and the global betting industry with latest technology, demands us to be productive, innovative and meeting customer demands. Our focus in upcoming years will be to strengthen the position we already have, serving the market new products to attract more end-users.”

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