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Raketech interim report Q2 2020

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QUOTE FROM OSKAR MÜHLBACH, CEO
“The strong operational development for Raketech continued during the second quarter of 2020 with several initiatives launched and improved, resulting in a stable product portfolio performance for the quarter. Q2 revenues amounted to 7.0m EUR compared to 5.7m EUR the same quarter previous year, representing a growth of 24.1%. EBITDA margin amounted to 40.2% compared to 51.1% previous year as an expected effect of the Lead Republik revenues having slightly lower margin as well as our efforts within geographical expansion – in line with our strategic goals.”

SECOND QUARTER 2020

  • Revenues totalled EUR 7.0 million (EUR 5.7 million) representing an increase of 24.1%
  • NDCs (New Depositing Customers) amounted to 40,847 (24,974), representing an increase of 63.6%
  • EBITDA amounted to EUR 2.8 million (EUR 2.9 million), corresponding to a margin of 40.2% (51.1%)
  • Operating profit amounted to EUR 1.5 million (EUR 2.0 million), corresponding to a margin of 21.8% (35.1%)
  • Profit for the period amounted to EUR 1.2 million (EUR 1.7 million)
  • Earnings per share amounted to EUR 0.03 (EUR 0.04)

FIRST SIX MONTHS 2020

  • Revenues totalled EUR 13.6 million (EUR 12.1 million) representing an increase of 12.0%
  • NDCs (New Depositing Customers) amounted to 73,125 (53,582), representing an increase of 36.5%
  • EBITDA amounted to EUR 5.5 million (EUR 6.4 million), corresponding to a margin of 40.2% (52.7%)
  • Operating profit amounted to EUR 2.9 million (EUR 4.8 million), corresponding to a margin of 21.4% (39.5%)
  • Profit for the period amounted to EUR 2.3 million (EUR 6.4 million, adjusted EUR 4.1 million)
  • Earnings per share amounted to EUR 0.06 (EUR 0.17)

EVENTS DURING SECOND QUARTER 2020

  • No significant events during the second quarter

SUBSEQUENT EVENTS AFTER THE END OF THE PERIOD

  • Revenues of EUR 2.4 million in July 2020

CEO OSKAR MÜHLBACH COMMENTS ON THE QUARTER

“As expected, we witnessed a significant drop within our sports related products due to Covid-19 and the decreased traffic to these assets as an effect of cancelled sport events. This is something we expect, and to some extent already are able to witness, will regain traction again once sports return back to normal. Organic growth was -1.2% which considering the challenging sports market conditions was made possible thanks to strong performance from our portfolio of casino assets, with Norway and Sweden leading the way.

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Working remotely during Covid-19 has in contrast to what one might believe, proven to be very efficient for us and we have been able to notice improvements with regards to cooperation, communication as well as performance management. We have therefore decided to permanently move into a flexible working setup in which we replace the traditional office with a dynamic interaction hub combined with remote work. In addition to spending less on office related costs and administration the concept allows us to quickly scale up and down according to what is best at every given situation.

I wish to mention a few examples of initiatives developed and delivered by the remote organization during the quarter: Howtobet.com – a full sports wiki for nerds and beginners, with global potential in line with our strategic operational goals of adding Flagship products to our portfolio as well as to gradually increase our presence within other gambling verticals than casino – such as sports betting. We have also launched a completely new product line called “Extended Audience” which is an important milestone with regards to our strategic goal to diversify our offering. So far, we have sold the Extended Audience product to one of the major operators on the Swedish market, but we are in dialogue with several more.

We have furthermore secured our 3rd license in the US, in the state of Colorado. We have also received preliminary positive decisions from both Pennsylvania and West Virginia which we expect to receive the final approval from soon.

Revenues for July amount to 2.4m EUR, despite sports still trailing behind due to Covid-19. Activity was high, following the temporary re-regulations on the Swedish market. Despite us significantly increasing our revenues from outside the Nordics to close to 20%, the volatility on the Swedish market due to the re regulations makes it challenging to navigate. Although volatility might be high, I am excited by the combination of Raketech being both debt free and operationally stronger than ever. This allows us to continue our efforts to deliver on our strategic goals within product development and diversification as well as geographical expansion, organically and through M&A.

PRESENTATION FOR INVESTORS, ANALYSTS AND THE MEDIA

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CEO Oskar Mühlbach and CFO Måns Svalborn will present the report and answer questions in an audiocast at 10.00 a.m. CEST on 19 August. The presentation will be held in English and can be followed online via https://tv.streamfabriken.com/raketech-q2-2020. To participate by phone, please dial +46 8 5055 8357 (SE) or +44 3333 009 263 (UK).

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Affiliate Industry

Already Media acquires Live Casino Comparer

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Tech-driven affiliate and media company Already Media has acquired Live Casino Comparer for an undisclosed sum.

Live Casino Comparer is a well-established review portal focused on the live dealer niche. It was founded in 2014, and its team brings more than 30 years of casino experience to every review it publishes.

The site’s founder, Neil Walker, will stay on both as an advisor and an active part of the content team, helping to scale Live Casino Comparer’s output across both the B2C and B2B verticals.

Already Media will also rebuild the site’s platform and has plans to enter into new geos and content formats.

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The deal was brokered by Corfai, the specialist M&A advisory founded by Ben Robinson.

Alina Famenok, CEO at Already Media, said: “This is another landmark for Already Media, as we continue to acquire brands that expand our reach and can benefit from our technology. We’re excited to get to work alongside Neil to take Live Casino Comparer to new heights. Huge thanks to Ben and the Corfai team for helping us close this deal in just two weeks, which is surely the fastest M&A deal in iGaming history.”

Neil Walker, founder at Live Casino Comparer, added: “I couldn’t be more excited to begin this new chapter for Live Casino Comparer as part of the Already Media team. They bring the technical and operational firepower to scale globally, while keeping the spirit of honest, expert-driven reviews at the core.”

The acquisition aligns with Already Media’s strategy of acquiring trusted affiliate brands and elevating them through its technology-led approach.

Last year, the company acquired PokerListings, and has since migrated it to a new platform, entered new regions and developed a vibrant community around the brand.

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The post Already Media acquires Live Casino Comparer appeared first on European Gaming Industry News.

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Affiliate Industry

Voting is open: Boomerang nominated in 2 categories at the AffPapa Awards 2025

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Boomerang is a  contender for Sportsbook Operator of the Year and Bonus Offer of the Year

Boomerang, a rapidly growing global brand behind the annual Golden Boomerang Awards, has been shortlisted for the AffPapa Awards 2025 in 2 categories: Boomerang Bet on Sportsbook Operator of the Year and Boomerang Partners on Bonus Offer of the Year.

Inclusion in the Sportsbook Operator of the Year nomination is a testament to Boomerang’s success in the online betting industry. Over 2024-2025, the brand has achieved great results: the betting segment has grown fivefold (5x), and the number of sports betting offers surged more than 6 times. Six new brands were added to Boomerang’s portfolio in 2024, contributing to an almost 1.5-fold increase in end-users. In addition, Boomerang is the Official Regional Betting Partner of AC Milan, one of the world’s most famous and titled football clubs.

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The Bonus Offer of the Year nomination confirms the high level and detailed elaboration of Boomerang’s bonus policy. Its portfolio includes more than 15 brands, each operating in strict compliance with the Terms and Conditions, including Bonus rules. Boomerang ensures fairness, transparency, and visibility of key bonus information for partners and users. It regularly collects feedback to improve its bonus policy and make it consistent with the expectations of its audience.

Boomerang actively develops community and works on building long-term trusting relationships with partners. This is demonstrated, among other things, by the second annual tournament for affiliate teams – Golden Boomerang Awards 2025. It will run until May 11. The top 30 teams on the leaderboard will be invited to Milan. There, the best of the best will be named, and 11 awards will be presented, including the main one – the Grand Prix.

The voting phase of the AffPapa Awards has started and will run until May 11. Users can choose their favorites in the nominations and influence the final results. Vote on the AffPapa Awards 2025 website. The award ceremony will take place on May 28 in Malaga during the AffPapa – iGaming Club Conference Malaga 2025.

 

About Boomerang

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Boomerang Partners is a rapidly growing global brand offering a wide range of services. Boomerang is the Official Regional Betting Partner of AC Milan and collaborates with women’s football star and influencer Alisha Lehmann. In 2024, it launched the inaugural Golden Boomerang Awards 2024, the first annual global affiliate tournament. Boomerang Partners’ betting segment surged 5x, and gambling — 2x in 2024. Its affiliate program demonstrated a 120% increase in partners, and the number of sports betting offers surged more than 6 times. Six new products were launched by Boomerang in 2024, which contributed to an almost 1.5-fold increase in product users.

Boomerang’s portfolio contains 15+ gambling brands, including sportsbooks. They cover over 35 GEOs and offer a wide range of betting options with favorable odds. These products provide personalized bonuses and 24/7 multilingual support.

The post Voting is open: Boomerang nominated in 2 categories at the AffPapa Awards 2025 appeared first on European Gaming Industry News.

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Affiliate Industry

SBC Summit Malta: Empowering Affiliates with Strategy & Market Insight

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As affiliates strive to expand their reach and build deeper player connections, SBC Summit Malta offers the ultimate platform to learn how to diversify marketing channels, gain access to game-changing technologies, and strengthen their market position.

Education will be a key pillar of the event, with 250 industry experts taking the stage to share their insights. The dedicated ‘Affiliation‘ conference track will take place on Wednesday, 10th June, at the InterContinental Hotel in St. Julian’s. The speaker lineup will feature affiliate professionals, marketing specialists, and operator-side representatives who work closely with affiliates.

Rasmus Sojmark, CEO and Founder of SBC, said: “With changing regulations, evolving player behaviours and preferences, and a constant wave of new tech and marketing channels, having the right insights and strategies is crucial to staying ahead in the region.

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“If you’ve attended what was formerly CasinoBeats Summit, you already know how dedicated we are to driving progress in the affiliation space. Now, with SBC Summit Malta serving as our gateway to Europe, you can expect to hear from some of the region’s leading affiliates as they tackle the industry’s most pressing challenges.”

Attendees can look forward to a range of sessions addressing key opportunities and pain points for European affiliates, including integrating artificial intelligence (AI) into SEO strategies, leveraging affiliate networks to enhance growth, diversifying content output, and drawing lessons from outside the industry.

The track opens with the ‘Diversify Your Channels Before It’s Too Late!’ panel, which will explore how affiliates can future-proof their strategies in an unpredictable digital landscape. Featuring experts Jarl Modén (CPO, Dilanti Media), Johan Svensson (CEO, Raketech), Mathew Symmonds (CEO, Web Analysis Solutions Limited), Richard Dennys (CEO, Game Lounge) and John Wright (CEO, Statsdrone), the session will examine the shifting social media landscape, the growing influence of AI, and how to manage diverse content types.

The session ‘Explore How Affiliate Networks Drive Growth for Start-Up Affiliates and Operators’ will highlight how affiliate networks can serve as powerful catalysts for growth for both emerging affiliates and operators. Experts Joshua Gamble (Managing Director, Activewins), Vadim Aidlin (CEO, Mamuta Media), Johan Styren (CEO & Co-Founder, Dilanti Media Ltd), Clinton Cutajar (CTO, MediaTroopers) and Brendon Spiteri (Head of Partnerships, AffiliationSpace) will discuss how these networks can be leveraged to help build strategic partnerships, expand market reach, and boost overall performance.

The panel ‘Game Changers: Lessons from Other Industries to Transform Affiliation in 2026’ will explore how the gaming industry can adapt and innovate by drawing inspiration from sectors such as e-commerce, dating, and Nutra. Speakers will examine successful strategies from these industries and discuss how these insights can be applied to reshape and strengthen affiliate models heading into 2026 and beyond.

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Additionally, the track will feature a dedicated ‘SEO Trilogy‘, hosted by SEO expert Ivana Flynn. This series of SEO-focused panels will cover key developments, including crafting strategies for optimising AI-driven systems, protecting players against blackhat SEO tactics, and ensuring seamless operations across multiple platforms.

Affiliates looking to dive deeper into the latest marketing trends shaping the European landscape can attend the dedicated Marketing’ conference track on Thursday, 11th June—the second day of the summit. Sessions will cover how to harness AI to create unique content, navigate advertising restrictions, and use data to boost player retention and loyalty.

 

The post SBC Summit Malta: Empowering Affiliates with Strategy & Market Insight appeared first on European Gaming Industry News.

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