Industry News
Zeal Network Continued to Grow in First Three Quarters of 2021 Despite Weaker Jackpot Situation
German lottery provider Zeal Network has achieved further growth in the first nine months of 2021, despite experiencing weaker jackpots.
In the first nine months of 2021, billings of the Zeal Group rose by 5% to EUR 493.2 million (2020: EUR 471.8 million), of which the Germany segment accounted for almost the entire amount (2020: EUR 470.9 million). Revenue increased by 1% to EUR 65.1 million (2020: EUR 64.5 million), of which EUR 61.5 million was attributable to the Germany segment (2020: EUR 58.4 million). At 12.2%, the gross margin in the Germany segment was thus stable compared to the prior-year figure (2020: 12.3%).
The market environment for lotteries in Germany during the first nine months of 2021 was comparatively weak: the jackpot of the European lottery “Eurojackpot” only reached the EUR 90 million mark three times (2020: six times), while the mandatory payout mark for the German lottery “LOTTO 6aus49”, set at EUR 45 million since 23 September 2020, was not reached at all (2020: three times). Low jackpots have a negative effect on Billings, gross margin and new customer acquisition.
Despite this market environment, the Company gained 446 thousand new registered customers in the Germany segment (2020: 787 thousand) and the acquisition costs per new registered customer (cost per lead, CPL) of EUR 27.57 (2020: EUR 27.58) were maintained at the previous year’s level. At EUR 18.6 million, marketing expenses in the first nine months of 2021 were below the prior-year level (2020: EUR 25.3 million) as a result of the significantly weaker jackpot development.
Personnel expenses and other operating expenses of EUR 14.5 million and EUR 33.2 million, respectively, were also well below the corresponding prior-year figures (2020: EUR 16.6 million and EUR 43.0 million). As a result of adjusting marketing expenses to the jackpot environment, Zeal significantly improved the profitability: for example, adjusted EBITDA for the first nine months of 2021 rose to EUR 17.6 million (2020: EUR 6.9 million) The Germany segment accounted for EUR 16.6 million of this amount (2020: EUR 5.2 million). EBIT and net profit of EUR 11.1 million and EUR 7.3 million, respectively, were also well above the prior-year figures (2020: EUR 2.9 million and EUR 6.6 million).
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Industry News
Quantum Gaming Announces Phillip Pistauer as its New COO
Quantum Gaming, a leading provider of innovative technology solutions for the iGaming industry, has announced the appointment of Phillip Pistauer as its new Chief Operating Officer (COO). Phillip joins the executive board, which includes CEO Oliver De Bono, and Chief Revenue Officer (CRO) Soteris Varnava. Together, this dynamic leadership team is poised to drive Quantum Gaming’s vision of redefining the iGaming landscape.
Phillip Pistauer’s journey in the iGaming industry began in 2013, with a trial-by-fire experience launching a brand on the EveryMatrix platform. This early challenge required him to learn the intricacies of the industry quickly and sparked his passion for the field. Recognising the immense opportunities in iGaming, Phillip strategically relocated to Malta where he joined NetEnt during its commercial expansion.
In 2020, Phillip joined Singular, a Georgia-based company renowned for its advanced platform technology. Initially appointed as Head of Account Management, he later transitioned to Head of Platform following Singular’s acquisition by Flutter International.
As part of Singular’s growth strategy, Phillip assumed the role of Head of Product in March 2024, further solidifying his reputation as a forward-thinking leader in iGaming.
Oliver De Bono, CEO of Quantum Gaming, said: “Phillip has a rare mix of operational expertise and vision for innovation. He’s been through every level of this industry, and it shows in the way he approaches challenges. We’re thrilled to have him on board as we gear up for some big moves this year.”
Among several exciting initiatives within the company, Quantum Gaming is also working on integrating AI-driven solutions to further enhance customer experience and operational efficiency. This AI project, along with others, reflects the company’s commitment to staying ahead of industry trends.
In addition to Phillip’s appointment, Quantum Gaming is expanding its leadership team further with the upcoming addition of a Head of Affiliation, Head of QA, Head of Finance and Head of Sales. These new roles reflect the company’s commitment to strengthening its operations and building a robust foundation for future growth.
Soteris Varnava, CRO of Quantum Gaming, said: “Having Phillip on the team gives us an incredible advantage. He brings a fresh perspective and a proven ability to get things done. With the new leadership hires we’re making, 2025 is shaping up to be a transformative year for Quantum Gaming.”
The post Quantum Gaming Announces Phillip Pistauer as its New COO appeared first on European Gaming Industry News.
Industry News
SUZOHAPP Appoints Geoff McDowell as New President
SUZOHAPP has announced the appointment of Geoff McDowell as its new President, effective October 1, 2024.
McDowell previously worked at SUZOHAPP from 2010 to 2017, successfully leading the gaming business in Australia and Asia. He rejoins the company from Coinflip, a global digital currency platform, where he was SVP/GM of US Kiosks. Prior to that, he held the position of CEO of Atlas Gaming Pty Ltd, an Australian developer of proprietary gaming content and products.
“We are thrilled to welcome Geoff back to our global leadership team to lead one of our core divisions. His proven track record in growth and strategy execution will be invaluable as we continue to serve our customers and achieve strong results. We also extend our gratitude to Sim Bielak for his years of dedicated service and leadership at SUZOHAPP,” said Drew Scielzo, ACON Partner.
Geoff McDowell is excited about his return and the opportunity to drive SUZOHAPP’s success. “SUZOHAPP is an exciting company with tremendous growth potential and a strong team. I look forward to embracing this new challenge in an industry I am passionate about,” he said.
The post SUZOHAPP Appoints Geoff McDowell as New President appeared first on European Gaming Industry News.
Industry News
Amusnet Releases Showtime Roulette 500x
Amusnet has released Showtime Roulette 500x, where entertainment meets innovation. This fast-paced European roulette reinvents the classics, featuring a host who presents, entertains and spins the wheel for a seamless, engaging experience. With every spin, a random multiplier can increase the payouts by 50x, 100x, 150x, 200x, 250x and 500x for a thrilling experience. Showtime Roulette 500x offers a fantastic gaming experience that is sure to entertain and captivate players.
What truly sets this game apart is its groundbreaking customisation capabilities. Leveraging advanced chroma technology, operators can transform the game environment to reflect their unique brand identity. The possibilities are endless, from integrating their logos to designing bespoke background themes. This level of personalisation enhances brand visibility and delivers a tailored, immersive gaming experience that resonates with players, making every session feel distinctively crafted.
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Up to five numbers and a win multiplier of between 50x and 500x are selected at random for bigger rewards!
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Pick again the lucky numbers for the last 15 spins!
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Jackpot Cards with scheduling option
Once the Jackpot Cards Bonus game is triggered, impressive Jackpots are revealed!
The post Amusnet Releases Showtime Roulette 500x appeared first on European Gaming Industry News.
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