Asia
India: Goa’s Offshore Casinos Get Twelve-month Extension to Operate on the Mandovi River
Goa’s state cabinet has granted a twelve-month extension for off-shore casinos to continue to operate on the Mandovi River in Panaji until October 1, 2022.
According to The Times of India, the government had identified four possible sites to relocate casinos but all were found to be technically not feasible.
Authorities have proposed extending the time limit for shifting offshore casinos from the river until next year. An extension had been previously settled in February. At the time, Chief Minister Pramod Sawant said casinos were going to remain where they are until an alternative location is found.
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Asia
BETER Live to go big at SiGMA Asia
BETER Live, the provider of next-generation live casino experiences, is heading to SiGMA Asia next month to showcase its growing portfolio of innovative games and tools.
This includes its latest ground-breaking release, Grand Bonus Baccarat, which offers revolutionary gameplay that takes the player experience to the next level.
The popular conference is held in Manila, the Philippines, from 3 – 5 June and will welcome thousands of delegates looking to experience the latest ground-breaking products for themselves.
And what a showcase BETER Live has in store.
Taking center stage on the provider’s stand G801 will be its Bet & Get and Tournaments Promotion Tools. These are powered by BETER Live’s advanced bonus engine and are designed to boost player engagement.
Bet & Get sees players receive a bonus that can be converted into real money after completing the set wagering requirement while Tournaments takes retention to the next level with players earning points to compete with others for prizes on the real-time leaderboard.
Delegates will also be able to enjoy the provider’s latest multiplier game release, Grand Bonus Baccarat. As the name suggests, it comes with an exhilarating progressive bonus feature that sees players collect consecutive wins during the base game to unlock one of two multiplier bonus pools – Mega and Grand.
Four consecutive wins trigger the Mega bonus multiplier with five activating the Grand bonus multiplier.
But that’s not all. The provider will also be showing the latest addition to its lineup of blackjack games – Take Deal or Risk Blackjack. During decision time in unlimited-seat blackjack, players are given the option to stop playing and cash out their hand for the amount offered.
If that wasn’t enough, BETER Live will give delegates a sneak peek of The Kickoff, a brand-new game, and studio set to launch in June.
The Kickoff has been designed for sports enthusiasts and is based on predicting the dice roll score on three-way outcomes. Each round is made even more exciting with dynamic multipliers for getting the correct score.
The game will be broadcast from a unique sports studio which was built to resemble a stadium and to conjure the excitement and atmosphere of watching a major sporting event.
Anna Vikmane, Director at BETER Live, said: “The team is really excited for SiGMA Asia and to show off our incredible portfolio of games and tools to delegates, especially our latest title, Grand Bonus Baccarat.
“We’ve recently launched so truly game-changing features such as Bet & Get and Tournaments, which are already delivering incredible results for our operator partners. We can’t wait to talk through the upsides they can provide to delegates and their casino brands.
“It’s also a great opportunity to showcase new titles such as Take Deal or Risk Blackjack, Grand Bonus Baccarat and to tease The Kickoff. These are innovative, high-quality games that operators in markets across the world want to offer to their players after trying them for themselves.”
The post BETER Live to go big at SiGMA Asia appeared first on European Gaming Industry News.
Asia
Nazara FY24 EBITDA increases by 16.6% to INR 127.9 Cr, Operating Cash Flow of INR 131.4 Cr
Nazara Technologies Limited a diversified gaming and sports media platform announced its unaudited Standalone and Consolidated results for the quarter and Fiscal Year ended 31st March 2024.
Key Consolidated Financial Highlights for FY24 are as follows:
Revenue grew by 4.3% to INR 1,138.3 Cr as against INR 1,091.0 Cr in FY23
EBITDA increased by 16.6% to INR 127.9 Cr as against INR 109.8 Cr in FY23
EBITDA margin increased by 110 bps to 11.2% in FY24 from 10.1% in FY23
Operating Cash Flow (pre-taxes) was INR 131.4 Cr in FY24
PAT (from continuing operations) increased by 41.2% to INR 89.5 Cr in FY24 as against INR 63.4 Cr in FY23
PAT including discontinued operations increased by 21.8% to INR 74.8 Cr in FY24 as against INR 61.4 Cr in FY23
Net Cash Balance of INR 1,449 Cr as of March 31, 2024
Key Consolidated Financial Highlights for Q4FY24 are as follows:
Revenue of INR 266.2 Cr as against INR 289.3 Cr in Q4FY23
EBITDA increased to INR 29.3 Cr as against INR 27.8 Cr in Q4FY23
EBITDA margin increased by robust 140 bps to 11.0% in Q4FY24 from 9.6% in Q4FY23
PAT (from continued operations) of INR 17.1 Cr as against INR 11.9 Cr in Q4FY24
Commenting on the Q4 & FY24 performance, Nitish Mittersain, Founder, CEO & Jt MD of Nazara Technologies stated:
“FY24 has been a year of building a strong foundation for rapid future scaling. We achieved a 4.3% revenue growth and a 16.5% EBITDA growth, with our margin improving by 110 bps YoY to 11.2%. Notably, our Operating Cash Flow increased to INR 131.4 Cr, reflecting the company’s strong underlying performance.
We raised INR 950 crores at Nazara and subsidiaries, our largest fundraise to date, resulting in a net cash balance of INR ~1,450 crores.
Key initiatives from FY24 are set to yield results in the coming year, including our new publishing platform, new game launches through existing studios, IP partnerships, and a strong M&A pipeline. Subsidiaries are also successfully adopting our M&A playbook, with Absolute Sports (Sportskeeda) acquiring Pro Football Network (PFN) in March 2023, doubling PFN business post-acquisition and turning it profitable. Nextwave acquired UTP (a casual card game) in April 2024, and NODWIN Gaming acquired Comic Con India.
We are optimistic about FY25, expecting accelerated growth in both revenue and EBITDA. With substantial cash reserves and a robust M&A pipeline, we are well positioned to seize further growth opportunities and enhance our growth trajectory through strategic M&A over the next 12 months.
We have also announced acquisition of 100% stake in Nextwave Multimedia Private Limited, developers of the popular mobile cricket games under the “World Cricket Championship” franchise.”
The post Nazara FY24 EBITDA increases by 16.6% to INR 127.9 Cr, Operating Cash Flow of INR 131.4 Cr appeared first on European Gaming Industry News.
Asia
Amusnet to Showcase Excellence at SiGMA Asia 2024
Amusnet has announced its participation at SiGMA Asia 2024, which will take place in Manila, Philippines, from June 3 to 5. The company’s presence signifies a pivotal development moment and is a strategic leap forward in its global expansion, with a particular focus on tapping into the rapidly growing Asian market.
The leading casino solutions provider will showcase expertise and a curated selection of offerings across Online Casino, Live Casino and Land-based verticals featuring its latest innovation – the Type S slot cabinet series. The online casino selection consists of signature slot titles like 20 Golden Coins, Extra Crown, and Candy Palace, together with tailored content for the local audience: the upcoming slot release, Dragon’s Birth and the Live casino offers Speed Baccarat and Dynamic Sic Bo.
“As we enter the spotlight at SiGMA Manila this year, we embrace the exciting opportunity to connect with the vibrant Asian gaming community. Our presence at the prestigious event underscores our dedication to broadening our reach and delivering top-notch gaming experiences catering to a wider audience. Do not miss the chance to experience firsthand the premium Type S slot machines at SiGMA Asia, explore the thrill and discover new business opportunities! See you at booth D214,” Borislav Marinov, Head of Land-based Business Development at Amusnet, said.
Land-based
Type S is the company’s first-ever high-end slot cabinet series, manufactured according to the utmost standards of the global land-based casino industry. It brings together state-of-the-art technology, premium design and exceptional player engagement for an extraordinary gaming experience. The game portfolio consists of 40 of Amusnet’s in-house slot titles, such as Hot Deco, Phoenix Star, Secrets of Sherwood, Fruits & Gold, Greek Fortune, Cocktail Rush, etc., together with the famous Amusnet’s four-level bonus game, Jackpot Cards.
Online Casino
Dragon’s Birth is an upcoming slot packed with exciting features promising an exhilarating gameplay experience. During Symbol Shift, eggs randomly transform into high-paying dragons to improve winning combinations. Free Spins have great winning potential thanks to the high-paying symbol multipliers awarded by the Dragon’s Wheel. In addition, players can enjoy the popular Buy Bonus feature.
Live Casino
At the event, visitors will be able to experience two of the upcoming Live Casino games – Speed Baccarat and Dynamic SicBo. Both are hosted by entertaining live dealers and stand out with a high quality, low latency 24/7 stream, providing fast gameplay, chat functionality and re-bet and double-bet options. Speed Baccarat is a famous Asian card game of luck with three types of bets and a side bet option. The Asian dice game of chance, Dynamic Sic Bo, is played with three dice and offers a wide variety of eight different betting possibilities.
The post Amusnet to Showcase Excellence at SiGMA Asia 2024 appeared first on European Gaming Industry News.
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