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SWE Mid-Career Professionals Affinity Group: Growing Your Career and Network Through SWE Mentoring

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As part of their spotlight month, the Mid-Career Professionals AG describes how SWE members dealing with career breaks, job loss, family planning, relocations, or career transitions can all benefit from participating in the SWE Mentor Network.

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Betsson Group Publishes its Results for Q4 and FY 2024

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Betsson Group has published its results for Q4 and FY 2024.

Highlights for the Quarter October – December 2024

• Group revenue was EUR 306.8 (251.9) million, an increase of 22%. Organic increase of 48%.

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• Casino revenue increased by 17%. Sportsbook revenue increased by 36% and the sportsbook margin was 9.8% (6.2%).

• EBITDA was EUR 86.4 (71.9) million, an increase of 20%. The EBITDA margin was 28.2% (28.6%).

• Operating income (EBIT) was EUR 70.2 (57.0) million, an increase of 23%. The EBIT margin was 22.9% (22.6%).

• Net income was EUR 53.1 (43.3) million and earnings per share was EUR 0.38 (0.30).

• Operating cash flow was EUR 84.6 (47.6) million.

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• Net debt was EUR -139.8 (-59.6) million.

• Active customers amounted to 1.3 (1.3) million.

Highlights for the Period January – December 2024

• Group revenue was EUR 1106.6 (948.2) million, an increase of 17%. Organic increase of 41%.

• EBITDA was EUR 316.0 (262.7) million, an increase of 20%. The EBITDA margin was 28.6% (27.7%).

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• Operating income (EBIT) was EUR 256.7 (210.5) million, an increase of 22%. The EBIT margin was 23.2% (22.2%).

• Net income was EUR 183.7 (173.0) million and earnings per share was EUR 1.32 (1.29).

• Operating cash flow was EUR 272.9 (230.4) million.

• The Board of Directors proposes an ordinary dividend of EUR 0.657 (0.645) per share, and a special dividend of EUR 0.10 per share.

CEO Comment

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“Strong finish to the best year ever for Betsson — we continue to strengthen our position as one of the global leaders in gaming and betting.

“As we put 2024 behind us, we can conclude that it was the best year ever for Betsson, where we continued to strengthen our position as one of the global leaders in gaming and betting. The year was characterized by high growth, strengthened profitability and strategic investments in line with our long-term goals and our vision to offer the best gaming experience in the industry.

“Our investments in the Latin America and Central and Eastern Europe and Central Asia (CEECA) regions continue to be a key driver of the Group’s growth, and we have successfully built a strong position in several key markets using our expertise in online gaming and our proprietary technology platform and sportsbook. Our commitment to sports and marketing through strategic sponsorships has also played an important role in strengthening Betsson’s brand and engaging our players globally.

“Our investments to strengthen the product offering and increase brand awareness contributed to the excellent results for the year. For the full year 2024 we passed one billion euros in revenue for the first time, which was 17 percent higher than the previous year. At the same time, the EBIT margin strengthened to over 23 percent thanks to our scalable business model and continued cost control. The cash flows of the business and the robust balance sheet enable us to keep paying attractive dividends to our shareholders while we continue investing in future growth. For 2024, the Board has proposed an increased ordinary dividend of 0.657 euros per share, and a special dividend of 0.10 euros per share.

“During the fourth quarter we saw sustained high customer activity in both casino and sports betting. New records were set across the board on a Group level – customer deposits, gaming turnover, revenue and EBIT were the highest ever in a single quarter. Revenue increased by 22 percent and hence passed 300 million euros for the first time in a single quarter. At the same time, EBIT increased by 23 percent compared to the corresponding period in the previous year.

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“I would like to thank our employees for their dedication and hard work, which have been instrumental in our continued growth over the past year. We have a fantastic team that continues to deliver exceptional results, and their passion and expertise, combined with our strong corporate culture, position us well for the future.

“We continue to forge new paths and act as pioneers in everything we do and look forward to continuing our growth journey in 2025. Geographic expansion and diversification remain key words for us, and we have a full pipeline of activities to support continued growth. With disciplined capital allocation, promising strategic initiatives and our commitment to strengthening the customer experience, we are confident that we can continue to create long-term value for our shareholders and customers.”

The post Betsson Group Publishes its Results for Q4 and FY 2024 appeared first on European Gaming Industry News.

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Atlaslive Enhances Sports Betting with STATSCORE’s Cutting-Edge Data Solutions

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Atlaslive, a leading provider of high-tech iGaming solutions, announced its strategic partnership with STATSCORE, a premier provider of sports data and analytics. This collaboration marks a significant step in enhancing the sports betting experience by integrating STATSCORE’s top-tier data solutions into the Atlaslive Platform.

Through this partnership, Atlaslive’s partners will gain access to STATSCORE’s advanced suite of sports data solutions, including LivematchPro and PrematchPro sports widgets, as well as engagement and retention tools such as Tipster and PointsInPlay. These industry-leading innovations will empower operators with real-time data, enhancing user experience and maximizing engagement.

“This is a key partnership for STATSCORE, as it further broadens the availability of our products in the market. The trust Atlaslive has placed in us is invaluable – it strengthens our position and confirms that we are heading in the right direction for our company’s growth” – said Dariusz Łęczyński, CEO of STATSCORE.

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By incorporating STATSCORE’s high-performance data solutions, Atlaslive reaffirms its commitment to providing iGaming operators with the most advanced tools to optimize performance and profitability.

“At Atlaslive, we are committed to equipping iGaming operators with the most advanced and reliable technology to drive performance and profitability. STATSCORE’s data solutions are a strategic fit for our ecosystem, offering exceptional real-time insights and engagement tools that enhance player experience and operational efficiency. This partnership is a testament to our vision of delivering innovation-driven growth to our partners in an increasingly data-centric industry,” said Lidiia Vakulenko, COO of Atlaslive.

This partnership underscores Atlaslive’s dedication to continuous innovation, reinforcing its role as a trusted technology provider in the dynamic iGaming landscape. By joining forces with STATSCORE, Atlaslive takes another step toward empowering its partners with best-in-class solutions tailored for success in the evolving market.
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This document is provided to you for your information and discussion only. This document was based on public sources of information and was created by the Atlaslive team for marketing usage. It is not a solicitation or an offer to buy or sell any gambling-related product. Nothing in this document constitutes legal or business development advice. This document has been prepared from sources Atlaslive believes to be reliable but we do not guarantee its accuracy or completeness and do not accept liability for any loss arising from its use. Atlaslive reserves the right to remedy any errors that may be present in this document.

The post Atlaslive Enhances Sports Betting with STATSCORE’s Cutting-Edge Data Solutions appeared first on European Gaming Industry News.

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Superbet Secures €1.3 Billion Refinancing

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Superbet Group has announced the signing of €1.3 billion refinancing agreement with existing investors Blackstone and certain funds and accounts managed by HPS Investment Partners (HPS), to support the company’s ongoing expansion.

The new €1.3 billion arrangement provides Superbet with a strong financial platform for the coming years as the company continues to execute on its growth strategy – including its expansion into the Brazilian market, M&A optionality and further investment in innovative technologies.

Following a substantial investment in the proprietary technology platform, the company has accelerated growth and strengthened market positions across Europe. Additionally, the company has successfully expanded into new markets, highlighted by a recent launch in Brazil.

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Hans-Holger Albrecht, Chairman of the Board, Superbet Group: “We are delighted to announce the successful signing as we continue our growth trajectory. The fact that we have two blue-chip investors, Blackstone and HPS, is not only a milestone for the company, but also, given our strong balance sheet, is something that enables us to continue our expansion story, driven by our unique tech and product position.

“Together with Blackstone and HPS, we will drive sustainable growth through investments in innovative technology, the enhancement of our entertainment ecosystem, and strengthen our strong culture of responsible entertainment.”

Jimmy Maymann, Co-CEO of Superbet Group, said: “The core vision of Superbet is to scale at pace and become a global leader in the tech and entertainment industry, through product innovation and a customer-centric approach. We are proud to team up with Blackstone and HPS, world leaders in asset management, in our growth journey. I am highly confident that this landmark moment will give us strong momentum to achieve our ambitious goals.”

Sacha Dragic, Founder & Co-CEO of Superbet Group, said: “I am thrilled that we have signed this refinancing deal, a testament to our commitment to becoming global leaders in our industry. Our unique business model seamlessly integrates strategic investments in cutting-edge technology with a diversified product portfolio, carefully aligned with modern consumer trends.

“Furthermore, our strong financial fundamentals and operational excellence provide a solid platform to accelerate growth in our existing markets while also targeting expansion into high-potential future markets.”

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Raphael de Botton, Senior Managing Director at Blackstone Tactical Opportunities, said: “Sacha is a visionary founder and entrepreneur, backed by an exceptional management team. We are proud to continue to support this company on its remarkable journey of growth and innovation. With exciting expansion plans on the horizon, we look forward to our ongoing partnership and the opportunities that lie ahead.”

The post Superbet Secures €1.3 Billion Refinancing appeared first on European Gaming Industry News.

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