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Gaming Innovation Group reports Q3 2020

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Gaming Innovation Group Inc. (GiG) reports Q3 2020 revenues of €17.9 million and an EBITDA of €3.2 million.

“The growth in financial performance is complemented with strong success in the platform sales funnel which resulted in six additional long term contracts signed in the quarter, securing future recurring revenue growth from regulated markets”, says Richard Brown, CEO of GiG.

Financial Highlights

  • Continued quarterly growth with revenues in Q3 2020 of €17.9m (10.1), 78% growth Y/Y and 8% Q/Q. Adjusted revenues were €14.2m (10.0), 42% growth Y/Y and 8% Q/Q
  • EBITDA in Q3 2020 was €3.2m (-0.4), up 850% Y/Y and 12% Q/Q. Adjusted EBITDA margin of 22.5% (-4.3%)
  • Adjusted revenues for Platform Services were €5.4m (3.6), 51% growth Y/Y and 14% Q/Q.
  • Platform Services had positive EBITDA in September, EBITDA for the quarter ended at €-0.1m (-2.1), a 96% improvement Y/Y and 91% Q/Q.
  • Revenues in Media Services were €8.6m (8.0) in Q3 2020, EBITDA was €4.0m (4.2)
  • EBITDA for Sports Betting Services improved to €-0.7m (-1.8), and includes €0.3m in non-recurring redundancy expenses.

Operational Highlights 

  • The sales pipeline developed positively, and 6 new agreements were signed for Platform Services in the third quarter, adding to a total of 10 so far in 2020
  • Entered into a strategic partnership with Betgenius, creating a fully integrated sportsbook and platform solution for operators in regulated markets
  • Sports Betting Services restructuring continued, with a further reduction in operating expenses quarter over quarter, placing Sports Betting Services in a sustainable position for growth and strategic partnerships
  • WSN.com continued to grow in the US market with ATH in September, now present in nine US states
  • GiG’s platform went live with Betsson’s Rizk.com brand in two new regulated markets, Croatia and Spain
  • The number of employees decreased from 695 to 467 year-on-year, whereof around 40 supports the transition agreement with Betsson.

Events after Q2

  • Signed a long term agreement with Slotbox Limited, a creation of Ireland’s leading casino group for the provision of GiG’s iGaming platform, omnichannel solution and frontend development to launch their new online casino
  • Signed a long-term agreement with Bet Seven Online Ltd for the provision of GiG’s platform, frontend development and managed services to launch its first brand, SuperSeven
  • As part of the strategy to end white label agreements, GiG has rescinded its Swedish and UK licenses
  • October have remained stable and reported revenues are 48% better than the same period last year.

 

Investor presentation and webcastCEO Richard Brown will present the Q3 2020 results via livestream at 10:00 CET. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

Link to the livestream:
https://www.redeye.se/events/796108/gaming-innovation-group-liveq-presentation-and-qa

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1spin4win celebrates 200 classic slots in its portfolio

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 1spin4win, an established slot provider, extends its timeless offering to 200 diverse titles. The milestone highlights the studio’s commitment to delivering high-quality gaming experiences rooted in traditional gambling.

With the launch of Cash’n Fruits 27 on April 9, the 1spin4win portfolio has surpassed the mark of 200 classic slots. This achievement reflects the studio’s consistent release strategy. The provider launches four to five new games each month, ensuring a steady stream of fresh, diverse content for its global audiences. This includes timeless fruit titles, captivating themed adventures, no-coin formats, and vibrant seasonal releases tied to major international holidays. 

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Olga Bogdanova, Art Director at 1spin4win, commented, “At 1spin4win, we’re excited to reach the milestone of 200 games — it happened so quickly we barely even noticed! This achievement is a testament to our steady growth and creative development over the years. Looking ahead, we will continue evolving within the classic niche, exploring new mechanics, engaging storylines, and memorable characters.”

About 1spin4win

1spin4win is an established game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include 200 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio aims to release an average of four new games each month in 2026 and offers effective promotional tools for casino operators to help them enhance player loyalty.

 

The post 1spin4win celebrates 200 classic slots in its portfolio appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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Belatra

Belatra marks 33 years with April anniversary campaign

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The slots supplier says its portfolio now exceeds 150 games and highlights recent LatAm expansion from its Buenos Aires base.

Belatra is marking its 33rd birthday with an anniversary campaign running throughout April, the iGaming slots developer said.

The company said it was founded in 1993 and has since transitioned from building gaming machines for land-based casinos to producing digital content. Belatra added that its portfolio has grown to more than 150 games.

Belatra also pointed to its strategic Latin American headquarters in Buenos Aires as a key base for regional partnerships and growth.

Misha Voinich, Head of Business Development at Belatra, said: “We’re only just getting started, but birthdays provide the perfect chance to reflect on our successes and the path that’s brought us here. From launching our innovative ‘multi-universe’ content strategy to our rapid expansion in Latin America, the successful launch of our first Crash game, and multiple high-profile industry award wins — we are always developing, creating, and evolving. 33 years of innovation, dedication, and gaming excellence — and the best is yet to come.”

Belatra did not provide additional detail on upcoming releases or the timing of any new product announcements beyond saying updates will land during April.

The post Belatra marks 33 years with April anniversary campaign appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.

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1spin4win

1spin4win celebrates 200 classic slots in its portfolio

Published

on

1spin4win-celebrates-200-classic-slots-in-its-portfolio

1spin4win, an established slot provider, extends its timeless offering to 200 diverse titles. The milestone highlights the studio’s commitment to delivering high-quality gaming experiences rooted in traditional gambling.

With the launch of Cash’n Fruits 27 on April 9, the 1spin4win portfolio has surpassed the mark of 200 classic slots. This achievement reflects the studio’s consistent release strategy. The provider launches four to five new games each month, ensuring a steady stream of fresh, diverse content for its global audiences. This includes timeless fruit titles, captivating themed adventures, no-coin formats, and vibrant seasonal releases tied to major international holidays.

With 15 years of experience in the gambling industry, the studio brings authentic casino experiences to digital platforms. At the core of 1spin4win titles are advanced mathematics, well-balanced gameplay, and fair RTPs. These features define the provider’s winning formula for driving substantial wagering volumes and consistent 40% month-to month retention.

While staying true to its classic roots, the 1spin4win portfolio offers a diverse mix of mechanics to appeal to different player preferences. Among the most popular formats, coin-based slots and jackpot-driven bonus games stand out, both of which are featured in 4 of the top 10 releases of all time.

But leading the way is the Allways mechanic, where every matching combination pays from left to right. Its presence in 7 out of 10 1spin4win’s top releases of all time highlights the strong appeal of intuitive, clear gameplay — a quality that makes the provider’s slots accessible to players of all types.

Olga Bogdanova, Art Director at 1spin4win, commented, “At 1spin4win, we’re excited to reach the milestone of 200 games — it happened so quickly we barely even noticed! This achievement is a testament to our steady growth and creative development over the years. Looking ahead, we will continue evolving within the classic niche, exploring new mechanics, engaging storylines, and memorable characters.”

About 1spin4win

1spin4win is an established game provider founded in May 2021 by ambitious developers with over 15 years of experience in the gambling industry. Since its inception, the company has expanded its portfolio to include 200 classic online slots, all characterized by quality mathematics, transparent mechanics, and well-balanced gameplay — key factors that drive strong player retention. The studio aims to release an average of four new games each month in 2026 and offers effective promotional tools for casino operators to help them enhance player loyalty.

The post 1spin4win celebrates 200 classic slots in its portfolio appeared first on Americas iGaming & Sports Betting News.

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