Industry News

Microgaming kicks off 2020 with a wealth of January game releases

Published

4 years ago

January 10, 2020

Microgaming has revealed details of its latest drop of action-packed exclusive new games designed to excite and entertain players.

Throughout January, Microgaming will launch an array of exclusive new titles developed by its roster of independent studios and game development partners.

The new year begins with a trip to ancient Egypt in Book of Atem, developed exclusively by All41 Studios. Players can unlock the mysteries of the pharaohs in this five-reel, 10-payline slot featuring free spins with expanding symbols. The magical book symbol acts as both a wild and scatter in this dynamic game offering excellent win potential up to 5,000x the initial bet. With classic Egyptian music and graphics, Book of Atem revealed its ancient secrets on 7 January.

East Asian riches await in Double Lucky Line by Just For The Win, featuring vivid visuals and a feast of features. Set to launch exclusively to Microgaming operators on 14 January, this five-reel, 17-payline slot is home to several double symbols, including pairs of dragons, frogs and turtles. The ever-present Double Lucky Line feature ensures that only double symbols land on the centre reel, thereby optimising win potential during normal gameplay. Rounding out the game’s features are Random Wilds and free spins, with Lucky Wilds awarding further free spins and unlocking extra double symbol positions throughout the reel set.

Triple Edge Studios take players on a safari in African Quest, a five-by-four reel, 1,024 ways online slot including Hyperspins™, Microgaming’s strategic paid respin mechanic, which previously featured in Break da Bank Again Respin. Players join the search for Kubwa, the high-paying stacked lion symbol ready to roar out majestic rewards. Gathering three or more scatter symbols awards free spins in which players have the chance to select their desired free spin and multiplier option. During free spins, the wild symbol awards a multiplier, which can potentially result in up to a 64x multiplier if more than one multiplier lands. Embark on this African adventure on 21 January and set your sights on magnificent rewards.

Microgaming’s fourth exclusive release in January is The Incredible Balloon Machine™ by Crazy Tooth Studio. Taking flight on 28 January, this whimsical and innovative game features WiNCREASE™, multipliers up to 10x, and a rewarding Pick Bonus feature, in which players can inflate colourful balloons against a dreamy sky to reveal lofty rewards – provided they collect them before the balloons pop!

Providing access to an industry-leading portfolio of exclusive content and top-performing partner games, Microgaming is set to deliver dozens of exciting new titles in 2020.

“Microgaming’s January titles are representative of the variety and quality that will be rolled out throughout 2020. The mechanics of these feature-rich exclusive games combine with innovative new designs to create a thrilling gameplay experience for all players. The year ahead is shaping up to be very exciting as we add new games to Microgaming’s progressive jackpot network, take on new adventures with some of our favourite characters, and continuously debut exclusive games with new and dynamic themes.” – James Buchanan, Director of Global Operations at Microgaming.

Industry News

Flutter receives formal approval of its science-based targets

Published

26 mins ago

May 15, 2024

Niji Narayan

flutter-receives-formal-approval-of-its-science-based-targets

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Flutter Entertainment Plc announced that the Science Based Targets initiative (SBTi) has formally approved its near and long-term science-based emissions reduction targets. The SBTi has also verified Flutter’s net-zero science-based target by 2035.

Flutter’s net-zero target conforms with the SBTi Corporate Net Zero Standard and has been classified to be in line with a 1.5°C trajectory, aligning to the levels required to meet the goals of the Paris Agreement.

Scope 1, 2 and 3 targets approved by the SBTi are as follows:

Overall Net-Zero Target:Flutter commits to reach net-zero greenhouse gas (“GHG”) emissions across the value chain by 2035. This is broken down as follows:
Near-Term Targets: Flutter commits to reduce absolute scope 1 and 2 GHG emissions 45% by 2030 from a 2022 base year. Flutter also commits to reduce absolute scope 3 GHG emissions 45% within the same timeframe.
Long-Term Targets: Flutter commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2035 from a 2022 base year. Flutter also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.
Flutter will provide regular reporting on progress against these targets, in addition to the approach to managing climate-related risk and opportunities.

Flutter’s Group Director of Sustainability and Regulatory Affairs, Sue Albion, said: “At Flutter, we are committed to playing our part in moving toward environmental sustainability, for the health of our planet and the future success of our business. Around the world, our brands are taking steps to track their carbon footprint and reduce emissions, and we’re collaborating with partners across our supply chain to support them to do the same. Setting clear, science-based targets and holding ourselves accountable to deliver against them is a key part of this journey.”

The post Flutter receives formal approval of its science-based targets appeared first on European Gaming Industry News.

Craig Billings

Wynn Resorts Limited Reports First Quarter 2024 Results

Published

1 day ago

May 14, 2024

GamingAmericas.com

wynn-resorts-limited-reports-first-quarter-2024-results

Wynn Resorts Limited has reported the financial results for the first quarter ended March 31, 2024.

Operating revenues were $1.86 billion for the first quarter of 2024, an increase of $439.2 million from $1.42 billion for the first quarter of 2023. Net income attributable to Wynn Resorts, Limited was $144.2 million for the first quarter of 2024, compared to net income attributable to Wynn Resorts, Limited of $12.3 million for the first quarter of 2023. Diluted net income per share was $1.30 for the first quarter of 2024, compared to diluted net loss per share of $0.02 for the first quarter of 2023. Adjusted Property EBITDAR was $646.5 million for the first quarter of 2024, compared to Adjusted Property EBITDAR of $429.7 million for the first quarter of 2023.

“The strong momentum we experienced in our business throughout 2023 continued to build during the first quarter with Adjusted Property EBITDAR reaching a new all-time record. The investments we have made in our properties, our team and our unique programming continue to extend our leadership position in each of our markets. On the development front, vertical construction on the hotel tower at Wynn Al Marjan Island is well underway, and we are confident the resort will be a ‘must see’ tourism destination in the UAE. We are excited about the outlook for the Company, and we believe we are well positioned to deliver continued long-term growth,” Craig Billings, CEO of Wynn Resorts Limited, said.

Consolidated Results

Operating revenues were $1.86 billion for the first quarter of 2024, an increase of $439.2 million from $1.42 billion for the first quarter of 2023. For the first quarter of 2024, operating revenues increased $217.5 million, $181.0 million, $49.8 million, and $1.5 million at Wynn Palace, Wynn Macau, our Las Vegas Operations, and Encore Boston Harbor, respectively, from the first quarter of 2023.

Net income attributable to Wynn Resorts, Limited was $144.2 million for the first quarter of 2024, compared to net income attributable to Wynn Resorts, Limited of $12.3 million for the first quarter of 2023. Diluted net income per share was $1.30 for the first quarter of 2024, compared to diluted net loss per share of $0.02 for the first quarter of 2023. Adjusted net income attributable to Wynn Resorts Limited was $176.8 million, or $1.59 per diluted share, for the first quarter of 2024, compared to adjusted net income attributable to Wynn Resorts, Limited of $33.3 million, or $0.29 per diluted share, for the first quarter of 2023.

Adjusted Property EBITDAR was $646.5 million for the first quarter of 2024, an increase of $216.8 million compared to Adjusted Property EBITDAR of $429.7 million for the first quarter of 2023. For the first quarter of 2024, Adjusted Property EBITDAR increased $91.3 million, $92.4 million, and $14.7 million at Wynn Palace, Wynn Macau, and our Las Vegas Operations, respectively, and decreased $0.3 million at Encore Boston Harbor, from the first quarter of 2023.

Wynn Resorts Limited also announced that its Board of Directors has declared a cash dividend of $0.25 per share, payable on May 31, 2024 to stockholders of record as of May 20, 2024.

Bragg Gaming Group

Bragg Gaming Group First Quarter Revenue Rises 4.2% to EUR 23.8 Million

Published

2 days ago

May 13, 2024

GamingAmericas.com

bragg-gaming-group-first-quarter-revenue-rises-42%-to-eur-23.8-million

Bragg Gaming Group, a global B2B content-driven iGaming technology provider, reported record financial results for the first quarter of 2024.

Matevž Mazij, Chief Executive Officer for Bragg, commented: “We carried our strong momentum in 2023 into the first quarter, delivering robust growth that underscores the ongoing success of our efforts to transform Bragg into a content-focused iGaming solutions provider across expanding North American and European markets. Year-over-year revenue increased by 4.2% to EUR 23.8 million, largely propelled by organic growth from our current client base, the addition of new customers in multiple jurisdictions, and impressive results from our in-house Wild Streak Gaming casino games studio.

“Although gross profit and Adjusted EBITDA saw modest decreases in the first quarter stemming from the extension and renegotiation of our agreement with Entain Plc to provide our PAM platform to BetCity.nl through 2025, we maintain a strong belief in our ability to achieve long-term growth and profitability. Our proprietary and exclusive third-party content continues to gain ground with an increasing number of top-tier operators globally, and we introduced a total of 19 new exclusive titles worldwide in the first quarter of 2024.

“Additionally, as we continue to make encouraging progress on our strategic alternatives review process, it’s important to emphasize that we are operating the business as usual and remain laser-focused on capitalizing on growth opportunities.

“With that in mind and in response to the increasing demand and growth in the iGaming marketplace, subsequent to quarter end, we took two significant steps to further fuel our growth initiatives. First, we secured a USD 7.0 million investment through a promissory note, enhancing our balance sheet flexibility as we continue to execute our strategy and explore strategic alternatives to maximize shareholder value.

“Second, we bolstered our leadership team with the appointment of Neill Whyte as our new Chief Commercial Officer. With over 18 years of iGaming experience and a proven track record of driving growth through successful commercial partnerships, Neill’s expertise will be invaluable as we leverage our extensive content and product portfolio to expand in existing and new markets. This key hire is another testament to how we are scaling our organization for sustained growth and profitability.

“While the strategic review process progresses, we remain bullish on the opportunities ahead as the trend of iGaming regulation continues worldwide. We see exciting potential in newly regulating markets like Brazil, Peru and Finland, as well as untapped opportunities in regions like Africa that we are actively exploring.

“The strategic moves we have made have established Bragg as a vital content provider for premier international iGaming operators, reinforcing our base for reliable and lucrative growth. Equipped with the appropriate strategies, financial resources, and talent, we are well-prepared to maintain our business momentum while pursuing initiatives that foster cash flow growth and deliver increased value to our shareholders.”