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Major affiliate QiH Group reports impressive Q4 and FY 2024 financial results

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QiH Group, a prominent iGaming affiliate, has announced its financial results for Q4 2024, the three-month period ending 30 September. The results showcase robust performance and ambitious growth in a rapidly evolving, highly regulated and increasingly competitive online market.

 

Key Q4 Highlights

  • Revenue: £6.33m, a 73% increase from Q4 2023

  • EBITDA: £1.43m, a 90% increase from Q4 2023

  • FTDs: 49% increase from Q4 2023

 

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Key FY24 Highlights

  • Revenue: £20.57m, a 59% increase year-on-year

  • EBITDA: £4.85m, a 59% increase year-on-year

  • FTDs: 43% increase year-on-year

 

CEO Comments

“We are thrilled to report strong quarterly results that underscore our commitment to innovation and customer satisfaction in the iGaming space,” said Jamie Walters, CEO and co-founder of QiH Group. “Strategic enhancements to our in-house tech, growing the business rapidly and appointing the absolute best people to our C-level team has clearly paid off.”

 

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Operational Highlights

  • Strengthened C-suite leadership team with the hire of leading CTO Sachin Saxena

  • Expanded into a new sports vertical through the successful launch of Podium Bets, with sports betting expected to deliver up to 15% of full-year revenue activity in 2025

  • Average headcount growth of 16% for Q4 2024 and 15% for FY 2024, leading to a significant expansion of the London office

  • Entered strategic partnerships with 120 partners, delivering our trusted high quality traffic experience as further evidence of our successful internal strategy

 

Post-period Outlook

  • Finalised C-suite leadership team with the hire of leading CFO Simon Winder

 

“As we head into the next trading year, QiH Group looks primed to go from strength-to-strength. Our C-level team is now complete and we have been able to attract some really impressive individuals to our most important senior positions, as proven by our recent hires. Our focus on compliant methods, data-driven results and responsible marketing will enable us to continue delivering value to our partners, clients and customers for the long term,” said Walters.

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The post Major affiliate QiH Group reports impressive Q4 and FY 2024 financial results appeared first on European Gaming Industry News.

Press Releases

Crabby’s Gold unleashes a clawed coin caper

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Play’n GO’s latest 6×4 slot, Crabby’s Gold, washes ashore with gold-grabbing mechanics, evolving Wilds and a crustaceous companion who’s got more attitude than treasure maps.

Set in a sun-bleached pirate cove where coins glint beneath the waves, Crabby’s Gold brings comic chaos to the high seas. With its curmudgeonly mascot Crabby hoarding multipliers and heckling from the reels, this 4096-ways slot isn’t just another maritime theme – it’s a tidal wave of personality.

Underpinning the humour is a deeply engaging game design featuring persistent Wild upgrades and high-risk mechanics that push the excitement to the edge. Whether it’s the gleam of gold or the grumble of a crustacean companion, there’s always something stirring under the surface.

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The Coin Collect mechanic ensures multipliers never go unnoticed – even if Crabby decides to claim them for his treasure chest. That stash can spring open at any moment, triggering a Hold’n Spin feature with sticky multipliers up to x30.

As the Rum Barrel Meter fills with bottles, the Wild system evolves in stages, transforming spins with Multiplier, Expanding, Sticky, Walking and eventually Mega 2×2 Wilds. These changes persist across sessions, keeping players locked into their progress.

And for those willing to take a chance? The Doubloon or Nothing feature offers up to four double-or-wipe chances, pushing potential wins up to 11,520x the bet.

Fans of other sea slots like Captain Glum: Pirate Hunter and Jolly Roger Wild Kraken will appreciate the vibes of Crabby’s Gold. Combined with features like the Rum Barrel system that rewards continued play, the comic tone and chaotic pacing make this a title to be reckoned with.

George Olekszy, Head of Game Retention at Play’n GO said: “With Crabby’s Gold, we’ve mixed exciting slot mechanics with real visual charm, as we always aim to do. There’s no better mixture of engaging features and humour – and Crabby’s Gold delivers that in buckets.”

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Packed with personality and packed with potential, Crabby’s Gold is a salty sea slot that rewards bold play.

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Press Releases

Altenar enhances betting terminal with comprehensive software upgrade

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Leading sportsbook provider unveils major terminal update with over-the-air functionality, dual screen features and customisable operator tools

Altenar has rolled out a significant rebuild of its self-service betting terminal, introducing a suite of new features aimed at improving operational performance, stability and delivering a cutting-edge user experience.

The new version of the terminal software features innovative dual touchscreens with bidirectional functionality, seamless QR code payments via mobile app, integrated vouchers, and live streaming capabilities – turning the terminal into a modern entertainment hub for users.

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Operators can now benefit from a robust middleware layer equipped with a comprehensive suite of ready-to-use features, enabling faster deployment and smoother updates even at the terminal level. The introduction of over-the-air (OTA) updates supports rapid rollouts across geographies, ensuring continuity of service and minimal disruption.

A standout aspect of the new terminal is its high level of customisation. Operators can configure dynamic user flows, adjust operating hours, and define terminal modes on a local or global level. Promotional content can also be tailored to specific regions or campaigns through content on secondary screens. Hardware integrations, including printers, bill acceptors, and coin handlers, are also supported natively, further enhancing the system’s flexibility.

The terminal’s evolution is part of Altenar’s wider retail strategy, which focuses on delivering an omnichannel experience by integrating with Altenar’s native mobile app and online sportsbook products. As a result, players can engage seamlessly across multiple touchpoints, from retail to digital, with increased revenue generation for operators.

Isidoros Siderakis, Head of Special Projects at Altenar, said: “This upgrade marks a pivotal moment in our retail strategy. By combining cutting-edge technology with deep customisation, we are delivering a terminal solution that not only meets today’s expectations but anticipates tomorrow’s demands.

“From over-the-air updates to immersive user experiences, we are giving operators the tools to run smarter, faster, and more engaging betting environments.”

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Altenar will showcase its enhanced terminal at SBC Summit Americas 2025 from May 13–15. Attendees can visit the stand or book a demo to explore the terminal’s new capabilities first-hand here.

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EGT will be a gold sponsor of Casino Operations Summit 2025

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Euro Games Technology will partner with the Casino Operations Summit for another year in a row. The Bulgarian gaming equipment manufacturer will be a gold sponsor of this year’s event, taking place from May 13 to 15 in Nova Gorica, Slovenia.

The conference is tailored to European multi-channel casino operators and will traditionally bring together keynote speakers who will elaborate on the latest topics in the industry. This year’s main themes will focus on how land-based casinos can successfully address the challenges of the modern world, remaininng relevant and attractive to players, and navigate the ever-growing importance of Casino Online Systems and Casino Management Systems.

In addition, attendees will be able to enjoy a selection of EGT’s newest high-potential products. Among the highlights will be the S 32-32 ST cabinet, which is part of the latest Supreme slot series. Following the contemporary design trends with its 2 high-resolution 32-inch UHD 4K monitors and a frameless UHD 4K display, this model will offer visitors an engaging gaming experience thanks to its numerous ergonomic features. It will also present the Supreme Red Selection and Supreme Bonus Prize Bonus Buy Selection multigames. The mixes offer a rich variety of well-known and brand-new slot titles from the company’s portfolio, allowing everyone to find their preferred type of game.

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The slot display will be complemented by the jackpot top performer Bell Link with the multigame Bell Link 2, Bell Link Boost, as well as the popular cabinet G 50 J2 ST.

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