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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.

European Gaming Congress 2024 (Warsaw, Poland)

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Aviatrix granted certification in Estonia

Published

2 days ago

April 17, 2025

George Miller

aviatrix-granted-certification-in-estonia

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Aviatrix has received certification to offer its award-winning crash game to operators in Estonia.

It marks the latest regulated market that Aviatrix has entered into, with the game already live in the country with leading brand FenixBet.

Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “Securing certification in Estonia is another exciting step forward for Aviatrix as we continue to expand into regulated markets. We’re thrilled to already be live with FenixBet and look forward to delivering our innovative crash game experience to even more players in the country.”

Aviatrix has added a host of regulated markets over recent months, including Spain, Colombia, Brazil and Peru.

It underlines the team’s commitment to bringing the game to players around the world.

Aviatrix is a constantly evolving game, with regular feature updates for partners, including the recent launch of free bets, now available through in-game promo codes.

The post Aviatrix granted certification in Estonia appeared first on European Gaming Industry News.

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Playson powers ahead in Europe with Fenikss partnership

Published

2 weeks ago

April 8, 2025

George Miller

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Award-winning slots provider delivers array of top-performing titles to Latvian operator via Relax Gaming’s aggregation platform

Playson, the accomplished digital entertainment supplier, has continued to cement its impressive European market presence after launching its games portfolio with Latvian operator Fenikss.

Operating under the industry renowned NOVOMATIC group, Fenikss is one of Latvia’s leading operators with a vast online and land-based slot offering and comprehensive sportsbook.

The agreement sees Playson support Fenikss’ commercial ambitions and expansion strategy with the supplier’s leading titles, including Royal Coins 2: Hold and Win, Book of Gold: Multichance, and Royal Joker: Hold and Win, now available on the operator’s website.

Playson continues to strengthen its European footprint and the latest integration, facilitated by Relax Gaming’s aggregation platform, underlines the supplier’s commitment to establishing itself within highly mature regulated markets.

Blanka Homor, Sales Director at Playson, said: “We are pleased to enjoy further growth in Europe with this exciting partnership with Fenikss, who will benefit from an array of our strongest performing titles.

“We are confident Fenikss’ significant Latvian presence, combined with our stimulating and graphically driven slots, will lead to impressive business growth.

Martins Opmanis, Head of I-Gaming Department at Fenikss, said: “Playson’s slots continue to be in high demand across Europe and we are delighted to host a selection of their titles on our online platform.

“We are confident they will complement our diverse offering perfectly and look forward to watching this collaboration flourish.”

The post Playson powers ahead in Europe with Fenikss partnership appeared first on European Gaming Industry News.

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SYNNET CMS Officially Live in Latvia

Published

1 month ago

March 14, 2025

Niji Narayan

Reading Time: < 1 minute

After extensive development and rigorous testing, the SYNNET Casino Management System is now fully operational at Joker.lv gaming halls in Latvia. This marks a major milestone in the company’s long-term vision of delivering a powerful, intelligent and scalable solution for managing gaming establishments with maximum efficiency.

The launch of SYNNET represents a shift in the way casinos and gaming halls are monitored, managed and optimised. Designed to streamline daily operations, enhance decision-making and improve overall efficiency, SYNNET provides comprehensive control over every aspect of a gaming venue.

Among its standout features, SYNNET includes:

• Integrated jackpot system – Seamlessly manage and customise jackpot configurations across multiple gaming machines.

• Advanced dashboards & widgets – Get real-time insights into casino performance, financials and player behaviour through an intuitive and fully customisable dashboard.

• Floorplan management – A visual representation of all gaming machines and tables for optimised space utilisation and operational efficiency.

• Marketing campaign automation – Target and engage players effectively with built-in tools for promotions and personalised offers.

• Geographic mapping of operations – Gain an overview of all locations, allowing for efficient monitoring and remote management of multiple branches.

With 35 branches and 1150 gaming machines now fully integrated into the SYNNET ecosystem, casino operators can leverage data-driven insights to enhance performance and player engagement like never before.

The post SYNNET CMS Officially Live in Latvia appeared first on European Gaming Industry News.