Baltics
Enlabs: Interim report January – September 2020
Third quarter: 1 July – 30 September 2020
- Revenues totalled EUR 13,6 million (10,0), a 35% increase.
- Organic growth amounted to 10%.
- Sustainable revenues totalled 80%.
- Total active customers were 67,320 (37,536), an increase of 79%.
- Deposits totalled EUR 45.9 million (29.9), a 54% increase.
- Gaming margin was 4.2% (4.7).
- EBITDA was EUR 4.03 million (3.11), EBITDA margin was 29.7% (31.0).
- EBIT was EUR 3.23 million (2.57), EBIT margin was 23.8% (25.6).
- Net profit totalled EUR 10.29 million (2.57), net profit margin was 75.8% (25.6).
- EPS increase of 281% to EUR 0.155 per share (0.041).
9-month period: 1 January – 30 September 2020
- Revenues totalled EUR 30.2 million (28.4), a 9% increase.
- Sustainable revenues amounted to 86%.
- Total active customers were 92,883 (58,909), a 58% increase.
- Deposits totalled EUR 99.3 million (84.28), a 18% increase.
- Gaming margin was 4.2% (4.7).
- EBITDA totalled EUR 7.26 million (8.41), EBITDA margin was 24.1% (29.6).
- EBIT was EUR 5.16 million (6.89), EBIT margin was 17.1% (24.2).
- Net profit totalled EUR 12.94 million (6.90), net profit margin was 42.9% (24.3).
- EPS increased 83% to EUR 0.201 per share (0.110).
Events during the period
- Compulsory bid on Global Gaming.
- Migration of Optibet Latvia to EnPL.
- Acquisition of Shogun Group.
- Ukraine adopted new gaming law.
- Launched virtual sports vertical.
- Launched new casino content from Oryx and Leander.
Events after the period
- Completed the mandatory offer at Global Gaming, reached 95,8% holding.
- Established legal structure for license application in Ukraine.
- Launched new casino content from Blueprint, Yggdrasil and Stakelogic.
- October gaming revenue growth of 86% (organically 17%).
“The Enlabs team is as busy as ever. For the quarter, we steered our core business towards an all-time-high result, finalized the largest strategic acquisition in the group’s history, and made a technological leap by successfully migrating our largest brand to the company’s new gaming platform. Joint effort resulted in a truly transformational quarter. In Q3, Enlabs recorded EUR 13.6 million in revenue, EUR 4.0 million EBITDA and EUR 10.3 million net profit.
Strong business momentum has carried over to Q4 with average daily gaming revenues in October up by 86% (organically 17%) compared to average daily gaming revenue in Q4 2019. We are keeping strong!” Says CEO and Group president George Ustinov.
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Anna Borisenkova
Stakelogic Live and Optibet Double Down on Live Casino with Branded Blackjack and Roulette Launches
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Stakelogic Live has reinforced its position in the Baltic market with the launch of exclusive branded live casino tables for Optibet, the leading sportsbook and casino brand in the region and part of global iGaming powerhouse Entain.
Following the successful rollout of Optibet-branded roulette and Optibet-branded blackjack, players in Latvia and Estonia can now enjoy both premium tables, which are now live via Pariplay’s Fusion aggregation platform.
Developed and streamed from Stakelogic Live’s state-of-the-art studio, both blackjack and roulette tables have been fully customised to reflect Optibet’s distinctive branding. Hosted by native-speaking professional dealers and filmed in high definition, the games offer an immersive environment tailored to Optibet’s local player base, combining high production values with seamless gameplay.
This partnership marks a continued strategic expansion for Stakelogic Live, which has rapidly become one of the most sought-after providers of branded and bespoke live casino environments in Europe.
Neil Tanti, Head of Sales at Stakelogic, said: “Optibet is a flagship brand across the Baltic states and we’re proud to bring their identity to life in the live casino space. This collaboration goes beyond adding tables to a lobby, it’s about creating an immersive branded universe that players can connect with. The launch is just the next step in what we expect to be a long and fruitful partnership.”
Anna Borisenkova, Head of Live Casino at Optibet, said: “Optibet has built its reputation on delivering premium gaming experiences with a strong local identity. Partnering with Stakelogic Live to create branded blackjack and roulette tables allows us to enrich that experience even further. These games reflect our brand and set the stage for a truly standout live casino offering across Latvia and Estonia.”
The post Stakelogic Live and Optibet Double Down on Live Casino with Branded Blackjack and Roulette Launches appeared first on European Gaming Industry News.
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HIPTHER, the pioneering events organizer that first put the Baltics on the map for premium networking and learning in the iGaming and tech industries, is proud to announce the launch of HIPTHER Baltics: a new, expanded event format bringing three flagship conferences per year across Vilnius, Riga, and Tallinn.
Since 2018, HIPTHER has been at the forefront of industry development in the region with the event that became known as MARE BALTICUM Gaming & TECH Summit, rotating annually between the Baltic capitals. Now, as part of the events’ major rebranding and expansion, the Baltics receive dedicated focus through HIPTHER Baltics, offering professionals more opportunities than ever to connect, learn, and grow.
In 2026, HIPTHER Baltics will host three specialized events:
- HIPTHER Baltics: Vilnius – iGaming Regulation & Fintech Integration
21 April 2026 | Hilton Garden Inn Vilnius City Centre - HIPTHER Baltics: Riga – Cross-Border Compliance & Player Protection, Baltic Gaming Awards
12 May 2026 | Grand Hotel Kempinski Riga - HIPTHER Baltics: Tallinn – Digital Governance & Startup Innovation & Nordic Focus
2 June 2026 | Hilton Tallinn Park
Each conference will deliver premium learning and networking opportunities for stakeholders across iGaming, fintech, blockchain, AI, cybersecurity, and emerging tech sectors. Attendees can look forward to insightful panel discussions, interactive sessions, and unrivaled opportunities to build lasting connections.
Adding to the experience, each event will include:
- Day 0 Welcome Drinks – a relaxed pre-conference gathering to spark early connections.
- Closing Networking Party – a vibrant celebration designed to strengthen business relationships and collaborations.
- HIPTHER Academy – Launched in 2024, HIPTHER Academy is a structured learning platform embedded within conferences, empowering professionals with in-demand skills and recognized certifications in iGaming and Tech.
Zoltan Tündik, Co-Founder & Head of Business at HIPTHER, stated about HIPTHER Baltics 2026: “Transforming MARE BALTICUM into HIPTHER Baltics marks a huge evolution in how we serve the iGaming and tech ecosystems of the region. By expanding from one annual summit to three flagship events, we’re able to provide more tailored, jurisdiction-specific experiences that dive deeper into the most pressing topics, while continuing to foster the premium networking and knowledge-sharing our community expects”.
With HIPTHER Baltics, the future of iGaming and tech collaboration in the region is brighter than ever!
Learn more about HIPTHER Baltics & Get SUPER Early Bird Tickets Until 31 October 2025!
The post HIPTHER Baltics 2026: Powering iGaming & Tech Connections Through 3 Premier Events appeared first on European Gaming Industry News.
CT Interactive has expanded its international footprint in Latvia with 60 newly certified games and a three-level jackpot tailored for the regulated iGaming market. This achievement underscores the company’s commitment to providing high-quality, engaging content.
“The certification in Latvia is an important step in our ongoing European expansion. We’re proud to introduce a diverse portfolio of games to this regulated market and to further strengthen our presence in the Baltic region,” said Martin Ivanov, COO at CT Interactive.
The newly certified portfolio includes 60 games, featuring top-performing titles that are part of CT Interactive’s three-level jackpot system — Hot Luck. Built on the principles of surprise and inclusivity, this jackpot system delivers a dynamic and rewarding experience for players of all types.
The Hot Luck Jackpot boosts player engagement with its three-level random rewards, making gameplay more exciting and unpredictable. Players can now enjoy popular titles like Win Storm, Wild Clover and Hot 7’s x2 with added thrill thanks to the Hot Luck Jackpot. These games have proven successful across multiple markets and maintain a loyal player base.
The portfolio also features new titles from CT Interactive’s Buy Bonus product line, based on popular games like Duck of Luck, Fruits & Sweets, Doctor Winstein and Nanook the White Ghost. These upgraded versions include one- or three-level Buy Bonus features for even more dynamic gameplay.
The post CT Interactive Expands its Certified Game Portfolio in Latvia appeared first on European Gaming Industry News.
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