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Bet-at-home.com Releases H1 2020 Results
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Bet-at-home.com has released its financial results for the first half of 2020. The company reported a gross betting and gaming revenue of €62.3m and EBITDA of €15.8m.
“The impact of the pandemic became noticeable from mid-March 2020, when international sporting events were canceled or postponed. In this phase, however, the demand for alternative betting offers remained almost unchanged, as customers of the bet-at-home.com group switched to esports and marginal sports,” the company stated.
“With a step-by-step resumption of playing activities in the national European football leagues in May 2020 and the postponement of important events such as the Champions League and Europa League, the usually low-revenue summer months are positively influenced. In addition, the resumption of international tennis tournaments is to be expected in the second half of 2020.
“The online gaming segment including casino, live casino, virtual sports and poker was not negatively affected by the pandemic.
“As far as the outlook for the whole year is concerned, from the current perspective the management board still expects gross betting and gaming revenue between €120m and €132m in the financial year 2020.
“The decline in gross betting and gaming revenue compared to the financial year 2019 is attributable to legal restrictions in individual markets. A potential decline in revenues due to regulatory changes in Germany can currently not be estimated and is therefore not considered.”
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7777 gaming partners with WA.Technology to strengthen presence in Africa and Latin America
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7777 gaming has announced an exciting partnership with WA.Technology to expand its footprint across emerging markets in Africa and Latin America. This collaboration combines 7777 gamingâs extensive portfolio of innovative online casino games with WA.Technologyâs comprehensive iGaming solutions, tailored to the specific needs of operators in these regions.
WA.Technology is a full-spectrum iGaming provider that offers online casinos, sportsbooks, fantasy sports, and affiliate business solutions. Its expertise spans turnkey solutions and individual products, empowering operators to launch or scale their businesses efficiently in emerging markets.
Elena Shaterova, Chief Commercial Officer at 7777 gaming, said: âThe collaboration with WA.Technology is a pivotal step in our expansion strategy for Africa and Latin America. By joining forces with a provider as versatile and innovative as WA.Technology, we aim to deliver premium gaming experiences to operators and players in these growing markets. Together, weâre shaping the future of iGaming in these regions.â
Laura Festen, Director of Casino at WA Technology, highlighted the partnershipâs value: â7777 gaming enables operators to launch and scale effectively in competitive global markets by catering to a broad player base with quirky, original concepts. The studio creates captivating and reliable content, positioning it as a versatile choice for operators aiming to expand player engagement. Thus, we are extremely excited about the newly formed partnership.â
7777 gamingâs portfolio includes over 150 titles, spanning multiple genres and formats, designed to deliver diverse and immersive gaming experiences. From fan-favorite slots like Candy Anyways and Medusa The Wild Temple to instant-win games like Mayan Gold and classic table games like European Roulette and Blackjack, the companyâs offerings cater to players with varied preferences. All games are supported by HTML5 cross-platform technology, ensuring seamless gameplay across desktop and mobile devices.
The partnership promises to unlock new opportunities for operators in Africa and Latin America, offering them cutting-edge games and technology designed to enhance player experiences and drive growth.
The post 7777 gaming partners with WA.Technology to strengthen presence in Africa and Latin America appeared first on European Gaming Industry News.
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Altenar sportsbook to power all brands for Immense Group
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Altenar has announced a new agreement which will see its sportsbook used to expand the sports betting offering of leading iGaming group Immense, formerly known as Videoslots.
The partnership will see Altenarâs award-winning sportsbook used globally by popular casino brands Mr Vegas, Videoslots, MegaRiches and more.
Based in Malta, Immense Group provides leading online casino sites to players around the world with more than 12,000 games from hundreds of the industryâs leading game providers. Recently the operator launched its first sports-led brand called DBET.com which is intended to be an international challenger on the online sportsbook market.
Altenar is a leading sportsbook provider with its innovative features, customisable design and premium data feeds allowing operators to grow their brands in highly regulated and competitive markets.
The agreement is an exciting collaboration for both companies and continues Altenarâs focus on helping casino operators expand their operations when it comes to sports betting.
Sam Hill, Sales Director at Altenar, said: âWeâre delighted to be entering into this long-term partnership with Immense Group and their various brands. We look forward to enhancing their existing sports offering as they look to grow their position across many regulated markets.
âAltenar is ideally placed to support casino-led brands by adding our managed sportsbook vertical and executing their specific trading strategy for them, and we canât wait to get going.â
Klas Winberg, Chief Commercial Officer at Immense, said: âWe conducted an extensive review of existing sportsbook providers and Altenar came out looking very strong on all parameters. I am happy to say that they have not disappointed. From onboarding, integration to launch, all has worked seamlessly.
âWe expect that the Altenar sportsbook will be a very strong contributor, if not the biggest, for growth this year. So far we are very happy with what we see.â
The post Altenar sportsbook to power all brands for Immense Group appeared first on European Gaming Industry News.
Latest News
Swintt strengthens UK market presence with MrQ Partnership
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In-demand software supplier teams up with innovative UKGC-licensed casino platform to bring Swinttâs Elysium Studios titles to a wide new audience
Having celebrated its much-anticipated entry into the UK market earlier this year, hotshot software provider, Swintt, has announced this month that it will soon be increasing its online footprint in the country through an exciting new partnership with MrQ casino.
Established in 2018, MrQ prides itself on providing all of the fun of an online casino without any of the faff â a bold mission statement thatâs backed up by the fact that the operator currently boasts over 900 mobile-optimised titles and features absolutely no wagering on any promotions.
The good news for players on the site is that following the casinoâs partnership with Swintt, MrQ will now be able to expand this impressive game roster with the addition of Swinttâs state-of-the-art titles, including new releases in the popular Elysium Studios catalogue.
With the recent launch of Wild Wild North, MrQ is set to offer players an exhilarating new Viking experience. Looking ahead, anticipation is already building for the release of Pirate Pledge Hold & Win, slated for March. This upcoming title promises to be a hit, offering swashbuckling adventures on the high seas with its engaging Hold & Win mechanics.
With these exciting additions to the Elysium Studios â Driven by Swintt line-up, the collaboration continues to deliver fresh, innovative content that both parties are eager to share with players.
Lars Kollind, Head of Business Development at Swintt, said: âGoing live in the UK last year was obviously a huge deal for Swintt, so weâre excited to be able to build on the strong foundations weâve already laid down by partnering with one of the marketâs top online casino brands in MrQ.
âWith its huge collection of games and wager-free promotions, the operator has established a loyal following among UK customers and adding exciting new releases from our Elysium Studios â Driven by Swintt range to its platform will ensure that they reach more players than ever before.â
Daniel Pascoe, Senior Casino Manager at MrQ, said: âGiven that MrQ is an online casino thatâs all about fun, providing the best collection of games on the market has always been a top priority for us â and adding Swintt titles to our line-up will definitely enable us grow stronger in this respect.
âWith exciting releases like Wild Wild North and I Hate Fairytales already proving popular in the UK market, weâre sure these games will go on to become hugely popular with our players and we canât wait to see how they all perform.â
The post Swintt strengthens UK market presence with MrQ Partnership appeared first on European Gaming Industry News.
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