Latest News
Greece and Cyprus Boost Allwyn’s Q3 Results
Allwyn International has declared that strong performance in Greece and Cyprus was particularly to thank for its strong performance in the quarter ending September 30, 2024, as it shared its unaudited results.
Total revenue reached €2,14bn in Q3 2024, up seven per cent year-on-year, reflecting strong organic growth in Austria and Greece and Cyprus in particular, in addition to continued momentum in digital channel.
Adjusted EBITDA grew 12% year-on-year to €410.8 m.
“I am pleased to report another quarter of good progress and financial performance, in which we delivered strong top line growth – with standout performance in Greece and Cyprus – and once again achieved solid profitability and cash flow generation,” said CEO Robert Chvatal.
“In executing our organic growth strategy, we remain focused on our responsibilities to all our stakeholders, including our resolute focus on safe play. The quarter also benefited from favourable jackpot cycles in lottery. This contrasted with the third quarter last year which, in addition to the impact of unfavourable jackpot cycles, was also impacted by customer-friendly sports results.
“We delivered solid profitability, including excellent growth in Greece and Cyprus, and once more benefited from a strong performance from our equity method investees where, in addition to strong organic growth, profitability benefited from a favourable tax effect in the quarter. Adjusted EBITDA increased 12% year-on-year, and excluding the United Kingdom and Allwyn LS Group and the recent acquisition of Instant Win Gaming increased 21 per cent year-on-year.
“With respect to our inorganic growth strategy, we are very pleased to have completed our planned investment in a 70 per cent interest in Instant Win Gaming in September. The transaction has expanded our footprint and capabilities in content, and further advanced our position in the North America market. During the quarter we also saw a small increase in our interest in OPAP, as a result of OPAP’s share buyback programme.
“Overall, I am pleased with our continued progress and believe we are well-placed for the remainder of 2024 and the next chapters of our growth story.”
The post Greece and Cyprus Boost Allwyn’s Q3 Results appeared first on European Gaming Industry News.
Bucky’s Casino
JCM Global Installs New Outdoor LED Marquee Signage at Bucky’s Casino and Yavapai Casino
The pathways into Bucky’s Casino and Yavapai Casino in Prescott, Arizona, are brighter than ever now that JCM Global (JCM) has installed new outdoor LED marquee signs at each property.
Bucky’s Casino guests are now greeted with a new single-sided Mitsubishi NXL 10mm stretching 14 feet wide by 7-and-a-half feet tall. Visitors at Yavapai Casino see a double-sided Mitsubishi NXL 10mm sign measuring 9-and-a-half feet wide by more than 5 feet high. The signs capture the attention of drivers on State Route 69 and give guests the inside scoop on promotional campaigns, brand messaging, and other exciting offerings to be found inside each casino.
The digital signage installations are the latest in JCM’s long-standing relationship with both properties, each of which enjoy the many benefits of JCM’s GEN5 thermal printer.
“We’re thrilled to expand our relationship with Bucky’s Casino and Yavapai Casino. Properties of all sizes across the U.S. are enhancing their guests’ experience with JCM digital signage, both indoors and outdoors. Whatever the size and wherever they are installed, our digital signage solutions allow operators to express their creativity and communicate directly to their customers,” Dave Kubajak, JCM SVP of Sales, Marketing & Operations, said.
Popular iGaming content provider BGaming has made its debut in the Portuguese market in partnership with Solverde.pt, Portugal’s largest online casino.
The deal marks a new chapter for BGaming as it enters the thriving market, delivering its full portfolio of games to Portuguese players via online casino Solverde.pt. Popular releases such as Bonanza Billion, Wild Cash and Aloha King Elvis, are now delivering diverse gaming experiences which harness the power to captive Solverde.pt’s players.
Solverde Group is a household name in Portugal, with more than 50 years of experience providing top-tier casinos, hotels and leisure facilities across the country. Solverde.pt was launched in 2017 and now hosts more than 3,000 titles, including slots, crash games, roulette and blackjack, from the world’s most renowned providers.
This significant agreement demonstrates BGaming’s growing reputation across Europe, where it has also entered Switzerland, Bulgaria, Lithuania, Armenia and Slovakia so far this year.
Olga Levshina, CCO at BGaming, said: “We are incredibly excited to expand our footprint in Portugal with a trusted partner like Solverde.pt. This collaboration allows us to bring our innovative games to a new audience, delighting Portuguese players with ever-evolving features and new concepts.
“Solverde.pt’s strong reputation and deep understanding of the local market make it the ideal partner as we grow in this region.”
Sérgio Pascoal, Head of R&D at Solverde.pt, said: “We are thrilled to be the first ones to partner with BGaming and welcome their wide-ranging portfolio exclusively to Solverde.pt. As one of Portugal’s leading online casinos, it is essential for us to offer our players the most engaging and diverse gaming experiences.
“BGaming’s renowned titles perfectly complement our mission to provide cutting-edge entertainment and we look forward to growing together in the Portuguese market.”
BGaming is a fast-growing iGaming content provider converting gambling into gaming. Thanks to an expert team and a player-driven approach, the studio creates innovative and engaging products featured on reputable platforms and 1,600+ online casinos worldwide. BGaming is the world’s first to support cryptocurrencies and offer Provably Fair games. Today the brand’s portfolio includes 150+ products with HD graphics and a clear user interface for every device. The studio is also known for its brand exclusives created in partnerships with leading operators in the industry.
The post BGaming enters Portugal with Solverde.pt appeared first on European Gaming Industry News.
Bet Smart: Top Sports Betting Strategies
MasterClass Introduces Bet Smart: Top Sports Betting Strategies Featuring Pros Who Have Made Millions Betting on Sports
MasterClass, the streaming platform where anyone can learn from the world’s best, announced the launch of Bet Smart: Top Sports Betting Strategies. In this class, six veteran insiders break down the strategies they use to make smarter bets. Members will learn the secrets of reading the market, managing their bankroll, finding hidden edges, and more with Audacy’s BetQL Network host Nick Kostos, ESPN Sports Betting Analyst Joe Fortenbaugh and pros like Unabated co-founders Captain Jack Andrews and Rufus Peabody and Gina Fiore and Rob Pizzola. The class is available now exclusively on MasterClass, where subscribers have unlimited access to all 200+ instructors with an annual membership.
Tailored both for beginners and seasoned bettors, this class demystifies sports betting so that members can approach it with confidence and properly hone their skills. Together, the instructors provide a front-row seat to the strategies the pros use to “bet like a sharp,” providing practical takeaways that can change members’ approach to sports betting.
Key lessons include:
• Master the Fundamentals: The instructors will break down key terms like moneyline, parlays, and spreads, and share how to manage a bankroll and spot those golden opportunities the sportsbooks hope they miss.
• Think Like a Sharp: Members will learn how to analyze betting lines, identify and exploit edges, and use tools like “devigging” calculators to find value and hidden opportunities.
• The Science of Betting Smart: Members will learn to use statistics and probabilities to make better bets, breaking free from superstition and emotion.
• Real-World Examples: The instructors will recount their losses, reveal some of their most successful bets and explain their strategic approach to high-stakes scenarios. They’ll also share how to spot market inefficiencies and maximize returns.
Whether members are placing their first wager or their 500th, this class will help ensure they’ve got both the fundamentals and the insider secrets to bet with confidence.
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