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Gambling.com Group Publishes Q2 2020 Interim Report
Q2 Interim Report | 3 months ended 30 June 2020
APR-JUNE 2020 (COMPARED WITH APR-JUNE 2019)
- Revenues totalled EUR 5.69 (4.42) million, an increase of 29%.
- Adjusted EBITDA excluding non-recurring costs totalled EUR 3.25 (0.99) million, corresponding to an adjusted EBITDA margin of 57 (23)%.
- EBITDA totalled EUR 3.14 (0.94) million, corresponding to an EBITDA margin of 55 (21)%.
- Net cash generated from operating activities was EUR 2.93 (1.62) million.
- New Depositing Customers (NDCs) totalled 24,986 (19,487).
JAN-JUNE 2020 (COMPARED WITH JAN-JUNE 2019)
- Revenues totalled EUR 9.46 (9.67) million, a decrease of 2%.
- Adjusted EBITDA excluding non-recurring costs totalled EUR 3.99 (2.75) million, corresponding to an adjusted EBITDA margin of 42 (28)%.
- EBITDA totalled EUR 3.70 (2.70) million, corresponding to an EBITDA margin of 39 (28)%.
- Net cash generated from operating activities was EUR 2.98 (2.67) million.
- New Depositing Customers (NDCs) totalled 41,082 (46,752).
SIGNIFICANT EVENTS DURING THE SECOND QUARTER 2020
- Colorado Approval | The Group received approval from the Colorado Limited Gaming Control Commission to provide marketing services to licensed gaming operators in the state.
- The American Gambling Awards | An Honorary American Gambling Award was presented to Rep. Brandt Iden of Michigan. A full program was postponed until 2021 in view of the COVID-19 pandemic.
- COVID-19 Pandemic | As anticipated, the spread of the COVID-19 virus forced postponements or cancellations of sporting events worldwide negatively affecting sports revenue in the second quarter. Online casino and other non-sports games saw increased demand.
- Publication of Annual Report | The 2019 Annual Report and Consolidated Financial Statements was published on April 24, 2020 and is available on the official website of the Group (www.gambling.com/corporate).
- Trading Update | The Group published a trading update on June 26, 2020.
- The Annual General Meeting | Gambling.com held the annual general meeting on June 22, 2020. The annual report was approved and the directors and auditors re-elected.
SIGNIFICANT EVENTS AFTER THE REPORTING PERIOD
- Launch of SlotSource.com on the US market | Gambling.com Group launched SlotSource.com in regulated US states to empower American online slot players.
- Sweden deposit and bonus limitations | The Swedish government temporarily introduced deposit and bonus limitations for gambling operators from July 2 to December 31, 2020.
“The Group delivered a record performance in Q2 in terms of revenue, EBITDA, casino NDCs and earned NDCs despite pausing media buying and virtually no sporting events. Our strategy to scale OPEX to invest in superior products and best-in-class technology clearly bore fruit in the quarter with significant improvements in search performance, monetization and operational efficiency.” – Charles Gillespie, Chief Executive.
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Sleeper joins forces with Birches Health for Responsible Gaming Education Resources and Care
Sleeper, an industry leader in fantasy sports, has formed a partnership with Birches Health, a behavioral healthcare company that specializes in the prevention and treatment of problem gambling.
Together, Sleeper and Birches Health are developing custom Responsible Gaming educational resources and creating streamlined care pathways for individuals facing related behavioral challenges. The partnership focuses on ensuring clinically validated treatment and resources are accessible to all. The announcement comes during Responsible Gaming Education Month, held every September to promote consumer education.
“This partnership with Birches Health highlights our commitment to providing effective support for any of our users who may need it,” said Matt Hagerty, Sleeper’s Senior Legal Counsel. “The wellbeing of the Sleeper community will continue to be a priority as we grow into the future.”
“Sleeper’s focus on ensuring access to resources and clinical treatment is a significant investment in player health,” said Elliott Rapaport, Founder of Birches Health. “Their commitment to a sustainable user experience in fantasy sports is crucial to a collaborative and vital ecosystem that securely and swiftly connects those in need with the proper resources.”
Sleeper is a fantasy sports app focused on bringing people together. Known for its free fantasy leagues (NFL, NBA, Premier League, etc.), Sleeper also offers a variety of other products to its millions of users, including DFS contests, free Pick’em/Survivor games, media content, score updates, and more, all connected through chat and other social features.
Birches Health is a modern digital healthcare company that offers clinician-led resources and care services for behavioral addictions, focusing primarily on gambling and gaming disorders. Deploying a three-tiered strategic approach centered on education, engagement and treatment, Birches Health provides free online learning modules, self-assessments, tools and educational content to help prevent problem gaming behaviors. Birches also offers personalized treatment plans crafted by licensed, specialized clinicians for individuals in need.
For more information about Sleeper, visit sleeper.com or follow the conversation on Twitter and on Instagram.
To learn more about Birches Health, access online educational and assessment resources or explore treatment options, visit BirchesHealth.com, email [email protected] or call (833) 483-3838.
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Kindred Group extend six-year Middlesbrough FC partnership and cements long-term community commitment to supporters
The Kindred Group will remain as Middlesbrough Principal front-of-shirt partner for another two years in a move that will significantly strengthen the club’s outreach work in the local community.
Kindred have partnered with Middlesbrough since 2018 – meaning the partnership will be nearly a decade old by the end of the latest deal, making it one of the most successful and long-running in British football.
Significantly, the partnership will continue to fund Middlesbrough FC Foundation’s (MFCF) delivery of Team Talk – a men’s mental health initiative. The Team Talk platform uses the local club and its players, manager and staff as a mechanism to engage with men about their mental well-being.
The logo of gambling operator Unibet adorns first team shirts in what is another record-breaking partnership for the club. “Zero% Mission”, which is Kindred’s Responsible Gambling message, appears on this season’s shirts.
Kindred have also pledged to donate a percentage of their hospitality and merchandising rights to supporters via competitions and giveaways.
Further, Kindred will donate front-of-shirt sponsorship space to MFC through the season – allowing for the promotion of the club’s charitable initiatives.
MFC Foundation works to raise aspirations and improve the life chances of young people and adults across Teesside. Its work is supported and funded, in part, by the club’s commercial partners, including Kindred Group.
Kindred has always played a central role in the club’s ‘Foundation Weekend’. This forms part of an initiative to highlight the Foundation’s life-changing work for participants of all ages in the local community, as well as how people in the area can access its projects and services.
Sam Mead, UK General Manager, Kindred Group, said: “Kindred’s relationship with Middlesbrough is one of football’s longest running and impactful, so far as community outreach is concerned. That is why we were committed to extending the partnership for another two years.
“We recognise that we are in the privileged position to positively influence clubs and their communities – a responsibility we take seriously. That’s why the basis of this latest partnership will be to help showcase the MFC Foundation’s wide-ranging work, including the men’s mental health initiative Team Talk.”
Liam McGuinness, Head of Commercial, Middlesbrough FC, said: “Everyone at the club is absolutely delighted to extend our partnership with the Kindred Group for another two years. Most importantly, we’d like to thank them for continuing their vital support of the club’s Foundation – especially through the Team Talk mental health initiative.
“The health and wellbeing of our local community is very important to ourselves and Kindred. We are all looking forward to the opportunity to continue driving forward new initiatives that will benefit both our supporters and the people of Teesside”.
The post Kindred Group extend six-year Middlesbrough FC partnership and cements long-term community commitment to supporters appeared first on European Gaming Industry News.
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Crazy Time Italia – the latest landmark launch for Evolution’s #1 live game show
Evolution today announced the launch of Crazy Time Italia, the very first native-speaking version of the world’s #1 live game show.
Now streaming live from Evolution’s state-of-the-art studio in Malta, Crazy Time Italia is presented by native-speaking Italian game hosts and is available immediately from Italian market operators.
Crazy Time has been a global hit since launching in 2020 serving millions of players. Having taken the online gambling world by storm, Crazy Time has grown to be the biggest live casino table in the world.
The entertaining, all-action gameplay revolves around a main game and four interactive bonus games that offer players the chance to reach a staggering 20,000x multiplier!
Crazy Time’s main game features a two-reel Top Slot that spins together with a money wheel. Four varied and engaging bonus games — Cash Hunt, Pachinko, Coin Flip and Crazy Time — add to the excitement with unique features such as a shooting gallery, a coin flip, and a puck drop. Finally, players gain entry through the red door into a crazy and fun virtual world with a gigantic virtual money wheel.
The bonus games and multipliers certainly ramp up the excitement to amazing levels. In July this year, Evolution reported that Crazy Time had paid out its largest win ever. Thanks to an incredible 10,000x multiplier on the Pachinko Bonus game the total payout reached an astonishing €34.5 million, with multiple players sharing that amount.
Gionata La Torre, Evolution CEO for Europe, said: “Crazy Time Italia is another landmark in the Crazy Time success story. Time after time, Evolution’s ‘localised’ online casino games and games shows —hosted by professional, highly trained, native-speaking dealers and presenters — have been proven to maximise player engagement, session times, return visits and long-term loyalty.”
He added: “Players feel even more at home with game presenters speaking and reacting to developments in the gameplay in their native tongue — cultural nuances are shared and a great rapport is struck up between and amongst the presenter and players. We are confident that Crazy Time Italia is going to be yet another big success for our local operators in Italy and a huge draw for their players.”
The post Crazy Time Italia – the latest landmark launch for Evolution’s #1 live game show appeared first on European Gaming Industry News.
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