Baltics

Enlabs: Interim report January – September 2020

Published

4 years ago

November 6, 2020

George Miller

Reading Time: 2 minutes

Third quarter: 1 July – 30 September 2020

Revenues totalled EUR 13,6 million (10,0), a 35% increase.
Organic growth amounted to 10%.
Sustainable revenues totalled 80%.
Total active customers were 67,320 (37,536), an increase of 79%.
Deposits totalled EUR 45.9 million (29.9), a 54% increase.
Gaming margin was 4.2% (4.7).
EBITDA was EUR 4.03 million (3.11), EBITDA margin was 29.7% (31.0).
EBIT was EUR 3.23 million (2.57), EBIT margin was 23.8% (25.6).
Net profit totalled EUR 10.29 million (2.57), net profit margin was 75.8% (25.6).
EPS increase of 281% to EUR 0.155 per share (0.041).

9-month period: 1 January – 30 September 2020

Revenues totalled EUR 30.2 million (28.4), a 9% increase.
Sustainable revenues amounted to 86%.
Total active customers were 92,883 (58,909), a 58% increase.
Deposits totalled EUR 99.3 million (84.28), a 18% increase.
Gaming margin was 4.2% (4.7).
EBITDA totalled EUR 7.26 million (8.41), EBITDA margin was 24.1% (29.6).
EBIT was EUR 5.16 million (6.89), EBIT margin was 17.1% (24.2).
Net profit totalled EUR 12.94 million (6.90), net profit margin was 42.9% (24.3).
EPS increased 83% to EUR 0.201 per share (0.110).

Events during the period

Compulsory bid on Global Gaming.
Migration of Optibet Latvia to EnPL.
Acquisition of Shogun Group.
Ukraine adopted new gaming law.
Launched virtual sports vertical.
Launched new casino content from Oryx and Leander.

Events after the period

Completed the mandatory offer at Global Gaming, reached 95,8% holding.
Established legal structure for license application in Ukraine.
Launched new casino content from Blueprint, Yggdrasil and Stakelogic.
October gaming revenue growth of 86% (organically 17%).

“The Enlabs team is as busy as ever. For the quarter, we steered our core business towards an all-time-high result, finalized the largest strategic acquisition in the group’s history, and made a technological leap by successfully migrating our largest brand to the company’s new gaming platform. Joint effort resulted in a truly transformational quarter. In Q3, Enlabs recorded EUR 13.6 million in revenue, EUR 4.0 million EBITDA and EUR 10.3 million net profit.

Strong business momentum has carried over to Q4 with average daily gaming revenues in October up by 86% (organically 17%) compared to average daily gaming revenue in Q4 2019. We are keeping strong!” Says CEO and Group president George Ustinov.

Baltics

GiG continues regulated market expansion growth, with new launch in Estonia

Published

12 hours ago

May 6, 2024

Zoltan Tundik

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Gaming Innovation Group (GiG) has announced that its multi-award winning iGaming Platform has powered the launch of Suprnation in Estonia, as GiG’s market-leading technology continues to strengthen, amplifying growth in an ever expanding number of regulated markets around the globe.

GiG has garnered a strong reputation as a regulated markets expert, with this latest new launch underscoring its commitment to driving growth opportunities for its partners into new markets, as regulation becomes ever more pronounced.

The news of the launch of long-term partner Suprnation is also notable for extending GiG’s impressive recent cadence of live delivery, launching ten brands in the last six months.

Prioritising a partner-centric strategy, GiG has built a strong reputation for growth, leveraging its extensive experience to foster strong professional relationships with operators, providers, and regulatory bodies. As legislative frameworks evolve, particularly in new and emerging markets, the expertise and experience of providers like GiG become increasingly critical in navigating regulatory complexities and driving revenue.

iGaming in Estonia, across online casino, sportsbook and lottery, is expected to deliver steady annual growth, resulting in a projected market revenue of over €271m by 2029 according to data supplied by H2 capital.

Andrew Cochrane, Chief Business Officer at GiG, said: “We are proud that our long standing partnerships continue to benefit from the expanding addressable markets we have added to our portfolio. The widening regulated opportunities we deliver ensures we excel at driving revenue growth for our partners in new markets, and we look forward to continuing to leverage our expertise, powering online successes throughout burgeoning new regions like Estonia. ”

The post GiG continues regulated market expansion growth, with new launch in Estonia appeared first on European Gaming Industry News.

Baltics

HIPTHER Announces the BALTIC & Scandinavian Gaming Awards 2024 Shortlists

Published

6 days ago

April 30, 2024

George Miller

hipther-announces-the-baltic-&-scandinavian-gaming-awards-2024-shortlists

Reading Time: 2 minutes

HIPTHER, the leading event organizer for Gaming and Technology industries in Europe, is excited to announce the Shortlists for the Baltic & Scandinavian Gaming Awards (BSG Awards), that will honour iGaming industry excellence in the Baltics and Nordics regions for 2024.

Hosted under HIPTHER’s Pioneering GameTech Event in the Baltics, the MARE BALTICUM Gaming & TECH Summit, the BSG Awards recognize and celebrate the achievements of the very best of the iGaming industry, as voted by their peers.

The Final Vote will be cast at the MARE BALTICUM Gaming & TECH Summit by the participants of the conference, and the Winners will be crowned at the BSG Awards 2024 Ceremony that will take place during the event on 4 June 2024.

HIPTHER is thankful to all the esteemed industry professionals who voted online and decided the Shortlists across a series of streamlined Categories covering iGaming Operators, B2B Providers, and Connected Services such us Testing Laboratories and Payment Service Providers.

View the Baltic & Scandinavian Gaming Awards Shortlists

Baltic & Scandinavian Gaming Awards – BSG Awards 2024 Categories

Baltics: Operators Categories:

Best Online Casino in the Baltics
Best Sports Betting Operator in the Baltics

Baltics: B2B Categories:

B2B Providers (Sports): Best eSports Service Provider in the Baltics
Best Fantasy Sports / Virtual Sports Provider in the Baltics
Rising Star in Baltic Fantasy Sports / Virtual Sports
Rising Star in Baltic Sports Betting Technology
Best Sports Betting Provider in the Baltics
B2B Providers (Casino): Best Online Casino Provider in the Baltics
B2B Providers (Casino): Best Slots Provider in the Baltics
B2B Providers (Casino): Best Live Casino Provider in the Baltics
B2B Providers (Casino): Rising Star in Baltic Online Casino Technology
Connected Services – Best Payment Service Provider in the Baltics
Connected Services – Best Testing Laboratory Provider in the Baltics

Nordics: Operators Categories:

Nordics: Best Online Casino in the Nordics
Nordics: Best Sports Betting Operator in the Nordics

Nordics: B2B Categories:

B2B Providers (Sports): Best eSports Service Provider in the Nordics
B2B Providers (Sports): Best Fantasy Sports / Virtual Sports Provider in the Nordics
B2B Providers (Sports): Rising Star in Nordic Fantasy Sports / Virtual Sports
B2B Providers (Sports): Rising Star in Nordic Sports Betting Technology
B2B Providers (Sports): Best Sports Betting Provider in the Nordics
B2B Providers (Casino): Best Online Casino Provider in the Nordics
B2B Providers (Casino): Best Slots Provider in the Nordics
B2B Providers (Casino): Best Live Casino Provider in the Nordics
B2B Providers (Casino): Rising Star in Nordic Online Casino Technology
Connected Services – Best Payment Service Provider in the Baltics
Connected Services – Best Testing Laboratory Provider in the Baltics
Connected Services – Best Hosting Provider in the Baltics

Congratulations and best of luck to all the Shortlisted Companies!

See you in Tallinn & the MARE BALTICUM Gaming & TECH Summit 2024 – Register Now

The post HIPTHER Announces the BALTIC & Scandinavian Gaming Awards 2024 Shortlists appeared first on European Gaming Industry News.

Baltics

Evoplay bolsters presence in Lithuania with Betsafe deal

Published

2 weeks ago

April 26, 2024

George Miller

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Evoplay, the award-winning game development studio, is expanding in the Baltics thanks to its latest tie-up with Betsafe in Lithuania.

The deal sees over 90 of the supplier’s leading titles live on the Betsson Group’s Lithuanian brand Betsafe, a leading operator in the market.

Included in the agreement are Evoplay’s top-performing titles such as Elven Princesses, Hot Triple Sevens and The Greatest Catch Bonus Buy which are now available for Betsafe players.

The latest integration follows a string of similar deals for Evoplay who has continued its expansion across regulated markets in Europe and beyond.

Ihor Zarechnyi, CBDO at Evoplay, said: “Integrating our products to Betsafe, a leading brand in Lithuania, is another important step in our commercial trajectory as our titles continue to grow in popularity and develop a stellar reputation among gaming enthusiasts worldwide.

“Lithuania is a vibrant and dynamic market, and we are thrilled to bring our award-winning content to even more players in the region.”

Aurimas Šilys, Head of Lithuania at Betsson Group, said: “Boosting our offering with a diverse array of titles is of utmost importance for Betsafe as we strive to deliver an unmatched gaming experience to players in Lithuania.

“We are delighted to integrate Evoplay’s dynamic portfolio into our offerings, and we anticipate it will resonate exceptionally well with our audience.”

The post Evoplay bolsters presence in Lithuania with Betsafe deal appeared first on European Gaming Industry News.