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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Baltics
Number of Estonians Using Gambling Self-exclusion Services Rises by Nearly 36% in Five Years

The number of Estonians opting for self-imposed gambling restrictions has grown in five years from just over 14,000 to approximately 19,000. This represents a rise of nearly 36%.
Jekaterina Nikitina, head of the excise department at the Tax and Customs Board (EMTA), said: “In the past five years, the number of people with restrictions has increased by about 5000, or more precisely, by 4984 people.”
Restrictions can only be self-imposed by a gambler and not put in place by a family member or anyone else regardless of any problems the individual may be battling with – nor can they be imposed on all types of gambling.
Lottery scratch cards, for instance, cannot be subject to self-restriction, though use of most other games of chance including table games at online and offline casinos, the regular lottery, sports betting and skill games, including the various varieties of poker, can be voluntarily restricted, the EMTA said.
Once imposed and entered on the gambling restriction register, the decision cannot be reversed.
Nikitina noted that a person must choose a period of restriction of between six and 36 months, and must separately apply to be removed from the list once that time has elapsed. The restriction does not end automatically and cannot be terminated at will during the validity period.
Imposing the restrictions can be done via EMTA’s self-service portal. Gambling operators licensed in Estonia cannot permit people to play with them if subject to a ban, including a self-imposed one.
The post Number of Estonians Using Gambling Self-exclusion Services Rises by Nearly 36% in Five Years appeared first on European Gaming Industry News.
Baltics
BETER Shortlisted in Nine Categories at the Baltic and Scandinavian Gaming Awards 2025

BETER is proud to announce that we have been shortlisted in nine categories at the Baltic and Scandinavian Gaming (BSG) Awards 2025, organized by HIPTHER. This recognition highlights our continued commitment to delivering top-tier esports, sports betting content and solutions across key European markets.
Our nominations reflect excellence in both Baltic and Nordic categories:
Baltic Categories:
- Best Esports Service Provider in the Baltics
- Rising Star in Baltic Sports Betting Technology
- Best Virtual Sports Provider in the Baltics
- Rising Star in Baltic Virtual Sports
Nordic Categories:
- Best Esports Service Provider in the Nordics
- Best Sports Betting Provider in the Nordics
- Rising Star in Nordic Sports Betting Technology
- Best Virtual Sports Provider in the Nordics
- Rising Star in Nordic Virtual Sports
We would like to extend a heartfelt thank you to everyone who supported us during the voting process. Your trust and recognition inspire us to keep innovating and delivering outstanding content and solutions tailored to the needs of operators and players in these dynamic regions.
The winners will be revealed on 27 May 2025 during the MARE BALTICUM Gaming & TECH Summit in Vilnius — stay tuned!
The post BETER Shortlisted in Nine Categories at the Baltic and Scandinavian Gaming Awards 2025 appeared first on European Gaming Industry News.
Baltics
Aviatrix granted certification in Estonia

Aviatrix has received certification to offer its award-winning crash game to operators in Estonia.
It marks the latest regulated market that Aviatrix has entered into, with the game already live in the country with leading brand FenixBet.
Anastasia Rimskaya, Chief Account Officer at Aviatrix, said: “Securing certification in Estonia is another exciting step forward for Aviatrix as we continue to expand into regulated markets. We’re thrilled to already be live with FenixBet and look forward to delivering our innovative crash game experience to even more players in the country.”
Aviatrix has added a host of regulated markets over recent months, including Spain, Colombia, Brazil and Peru.
It underlines the team’s commitment to bringing the game to players around the world.
Aviatrix is a constantly evolving game, with regular feature updates for partners, including the recent launch of free bets, now available through in-game promo codes.
The post Aviatrix granted certification in Estonia appeared first on European Gaming Industry News.
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