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Kindred Group plc – Interim report: January – March 2024 (unaudited)

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First quarter 2024

  • Total revenue was GBP 307.7 (306.4) million, in line with the first quarter of 2023.
  • Gross winnings revenue (B2C) was GBP 297.6 (297.3) million.
  • Underlying EBITDA increased by 20 per cent to GBP 59.3 (49.4) million.
  • Profit before tax was GBP 39.8 (30.4) million.
  • Profit after tax was GBP 31.4 (25.6) million.
  • Earnings per share were GBP 0.15 (0.12).
  • Free cash flow amounted to GBP 23.7 (29.0) million.
  • Number of active customers increased by 3 per cent to 1,667,564 (1,623,568).

CEO Nils Andén comments on the first quarter of 2024

“We have had a solid start to 2024 with the underlying business operations performing well and operational initiatives moving forward according to plan. The headcount reduction plans announced at the end of last year are progressing as intended and the North America exit is set to conclude towards the end of the second quarter this year. Our growth plan that we launched during the fourth quarter last year, focusing on Europe and Australia, continues at pace with dedicated strategic growth projects across locally regulated markets.”

“Together with the encouraging performance of the B2B business, Relax Gaming, total revenue for the first quarter came in at GBP 307.7 million, in line with the same period last year. Underlying EBITDA for the first quarter came in at GBP 59.3 million, which is a very encouraging increase of 20 per cent compared to the first quarter 2023 and shows the continued positive impact of our cost control focus.”

“During the quarter, we launched the Kindred Sportsbook Platform (KSP) in a test market, and we are very pleased with the progress to date. KSP remains one of our most important strategic projects and will give us the flexibility and differentiation needed to improve growth in locally regulated markets.”

“Our share of Gross winnings revenue from locally regulated markets came in at a new all-time high of 84 per cent, indicating our continued focus to sustainable revenue and our commitment to a positive contribution to societies.”

“Following a solid start to the year we now have our eyes firmly set on a much sought after summer of sports with the UEFA Euros, the Copa America, and the Paris Olympics.”

Trading update up to and including 21 April 2024

The average daily Gross winnings revenue for the Group, up to and including 21 April 2024, was GBP 3.48 million, 6 per cent higher (8 per cent in constant currency) compared to the daily average for the full second quarter of 2023. Excluding North America, Gross winnings revenue is increasing 8 per cent (9 per cent in constant currency).

The sports betting margin after free bets for the above period was 11.3 per cent, which is ahead of the Group long-term average of 9.8 per cent and in line with the 11.3 per cent across the full second quarter of 2023.

The post Kindred Group plc – Interim report: January – March 2024 (unaudited) appeared first on European Gaming Industry News.

Evoplay

Evoplay guides players through frozen wilds in Mystic Alaska

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Evoplay guides players through frozen wilds in Mystic Alaska , Evoplay explores a wintry frontier with Mystic Alaska, created by Evoplay Studios, a production label within the company’s ecosystem.

Mystic Alaska combines atmospheric design, shamanic-inspired elements and feature-driven mechanics, offering potential payouts of up to 1,000x the bet when key features align.

Players encounter enchanted Coins, Magic Pots and Totem Portals throughout gameplay, unlocking instant rewards, fixed jackpots and wild multipliers. Wild symbols appear on reels two to four, substituting for all regular icons except Coins and Bonus symbols, helping complete winning combinations in both the base game and Free Spins.

Coin symbols carry random values ranging from 0.5x to 15x the bet and can trigger Mini, Mega or Super jackpots, reaching up to 1,000x the stake. The Magic Feature activates when a Totem Portal lands on reel one or five alongside at least one Coin, awarding all visible prizes and jackpots. When Totem Portals appear on both triggering reels simultaneously, all values are doubled.

Landing three or more Bonus symbols unlocks the Bonus Feature, where players can choose between Magic Spins and Free Spins. Magic Spins guarantee at least one Totem Portal per round, with multipliers and additional spins enhancing potential rewards. Free Spins introduce Wild multipliers of 2x, 3x or 5x, which combine when multiple Wilds contribute to a win, creating amplified payout potential.

For players seeking immediate feature access, a Bonus Buy option is available in selected markets, allowing direct entry into Magic Spins or Free Spins.

Ivan Kravchuk, CEO at Evoplay, said: “Mystic Alaska captures the beauty and power of the Alaskan wilderness, transporting players into a world where spirits guide every turn. The combination of Magic Spins, Free Spins and powerful jackpots ensures each spin tells a story.

“The aim was to create a slot that balances narrative and feature clarity, giving players a sense of adventure while offering multiple pathways to potential wins.”

The post Evoplay guides players through frozen wilds in Mystic Alaska appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Gameburger Studios

Games Global and Gameburger Studios turn up the tempo with 12 Pots of Gold: Drum Frenzy™

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Games Global and Gameburger Studios turn up the tempo with 12 Pots of Gold: Drum Frenzy™ , Games Global, together with exclusive studio partner Gameburger Studios, has unveiled 12 Pots of Gold: Drum Frenzy™, a lively new franchise entry combining classic Irish-inspired design with feature-led gameplay for a fast-moving player experience.

Set in a vibrant emerald-themed world guided by fan favourite Flynn, the 5×3, 20-payline release builds on the established Epic Strike™ mechanic while introducing the new Drum Frenzy™ system, offering win potential of up to 5,165x.

At the heart of the game is the Epic Strike™ Tower, triggered by landing three or more Epic Strike™ symbols. Cash values can appear on these symbols and feed directly into the Tower, creating expanding prize potential and sustained engagement throughout gameplay.

Further depth comes from the Tower Bonus, activated through collected wilds and guaranteeing a reward that ranges from instant cash prizes to one of several Drum features, each providing a different route into enhanced gameplay.

12 Pots of Gold: Drum Frenzy™ features three Drum bonuses — Cash Drum, Jumbo Drum, and the headline Drum Frenzy™ — each offering its own spin structure and mechanics, from jumbo symbols and cash values to the full Drum Frenzy™ sequence where multiple gameplay elements combine for maximum impact.

Bonus Spins introduce additional progression through eight Epic Strike™ levels, while the optional Win Booster™ increases the probability of triggering features, adding further momentum to the experience.

Sam Moran, Associate Business Development Manager at Gameburger Studios, said: “We approached this title with the aim of keeping things straightforward but entertaining, building around features that are easy to recognise while still giving each spin a bit of unpredictability.

“Bringing the different drum bonuses together with Epic Strike™ gave us a solid structure to work from and helped shape a game that feels lively without being overly complex.”

David Reynolds, Director of Games Strategy and Partner Management at Games Global, added: “When established mechanics are executed with clarity, they consistently deliver – and 12 Pots of Gold: Drum Frenzy™ is a strong example of that. It is accessible and feature-driven, giving operators a dependable release with wide player traction.

“It also reflects our broader focus on building high-profile, long-term brands within our portfolio – ensuring we continue to invest in recognisable franchises that deliver sustained value for our partners.”

The post Games Global and Gameburger Studios turn up the tempo with 12 Pots of Gold: Drum Frenzy™ appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Anton Ivannikov CPO at Playson

Playson Unveils Strike Boost — Reels Radiate in Clover Strike: Hold and Win

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Ultra-strong Strike Boost Clover provides enhanced access to the Collect Feature and greater win possibilities.

Playson, the skilled digital entertainment provider, has enhanced its Clover collection of slots with the launch of Clover Strike: Hold and Win, adding Strike Boost Clovers to increase winning possibilities in both base and bonus gameplay.

The beloved Collect Feature energizes the reels in both the Main and Bonus Game, activated by landing either the high-voltage Strike Clover or Strike Boost Clover along with any Bonus Clover.

Beyond enhancing the look of the Collect Feature in gameplay, Strike Boost Clovers can unpredictably activate the newly added Strike Boost Feature, electrifying the reel set with Multipliers from 2x to 5x, an immediate Mini, Minor, Major or Grand Jackpot victory of up to 1,000x, or a flurry of additional Bonus Clovers with varying values.

To enhance the thrill, landing Bonus Clovers on reels one and three, in conjunction with a Strike or Strike Boost Clover on reel two, leads to the Hold and Win Bonus Game, featuring exclusively Bonus, Strike, and Strike Boost Clovers. Bonus Clovers that reach display values of up to 15x will remain, while Strike and Strike Boost Clovers stay sticky throughout the round, with the latter collecting the value of all Strike Clovers that appear on the same spin for enhanced winning outcomes.

Focusing on base gameplay, Bonus access is additionally enhanced by the Pile of Clovers Feature. There is a chance of randomly activating at any moment during the main game, allowing for enough Bonus, Strike, or Strike Boost Clovers to be randomly increased in quantity to initiate the Bonus Game.

For thrill seekers looking for an extra dynamic to bonus play, a Super Bonus is also available for purchase, which guarantees one or more Strike Boost Clovers in action.

Playson’s vibrant new release underlines the supplier’s expertise in advancing its portfolio with intriguing twists, developing fresh concepts for operators’ players to enjoy worldwide.

Anton Ivannikov, CPO at Playson, said: “Our clover collection has consistently resonated with players, and Clover Strike: Hold and Win pushes that momentum even further. The Strike Boost mechanic injects unpredictability and excitement into every phase of the game, whether through multiplier shocks, jackpot hits or boosted bonus entry.

“It is a title designed to stand out on casino lobbies while delivering the depth and excitement that today’s players expect.”

The post Playson Unveils Strike Boost — Reels Radiate in Clover Strike: Hold and Win appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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