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European Gaming Congress 2024

Gambling in the USA

Gambling.com Group Q4 Revenue Rises 52% to a Quarterly Record $32.5 Million

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on

gamblingcom-group-q4-revenue-rises-52%-to-a-quarterly-record-$32.5-million
  • Generates Q4 Net Income of $6.4 Million and a 54% Increase in Adjusted EBITDA to $10.6 Million
  • 2023 Full Year Revenue Increased 42% to $108.7 Million; Net Income Rose to $18.3 Million and Adjusted EBITDA Grew 53% to $36.7 Million
  • Enters into Definitive Agreement to Acquire Freebets.com and Related Assets in a Highly Accretive Transaction
  • Introduces 2024 Guidance for Revenue of $129 – $133 Million and Adjusted EBITDA of $44 – $48 Million

Gambling.com Group Limited (Nasdaq: GAMB) (“Gambling.com Group” or the “Company”), a leading provider of digital marketing services for the global online gambling industry, today reported record financial results for the fourth quarter and full year ended December 31, 2023. The Company also announced a definitive agreement to acquire Freebets.com and related assets in a transaction that is expected to be immediately accretive to the Company’s financial results upon closing. In addition, the Company introduced 2024 revenue and Adjusted EBITDA guidance as detailed below.

Fourth Quarter and Full Year 2023 vs. Fourth Quarter and Full Year 2022 Financial Highlights
(USD in thousands, except per share data, unaudited)

Three Months Ended December 31,

Change

Year ended December 31,

Change

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2023

2022

%

2023

2022

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%

Revenue

32,530

21,349

52

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%

108,652

76,507

42

%

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Net income (loss) for the period attributable to shareholders (1)

   6,374

  (4,409

)

245

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%

18,260

   2,390

664

%

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Net income (loss) per share attributable to shareholders, diluted (1)

     0.16

    (0.12

)

233

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%

     0.47

     0.06

683

%

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Net income margin (1)

20

%

(21

) %

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17

%

3

%

Adjusted net income for the period attributable to shareholders (1)(2)

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   6,808

      613

1011

%

26,302

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14,195

85

%

Adjusted net income per share attributable to shareholders, diluted (1)(2)

     0.18

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     0.02

800

%

     0.68

     0.37

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84

%

Adjusted EBITDA (1)(2)

10,572

   6,855

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54

%

36,715

24,069

53

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%

Adjusted EBITDA Margin (1)(2)

32

%

32

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%

34

%

31

%

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Cash flows (used in) generated by operating activities

   6,962

   6,188

13

%

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17,910

18,755

(5

)%

Free Cash Flow (2)

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     (118

)

      364

(132

) %

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16,185

   9,467

71

%

__________

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(1) For the three months ended December 31, 2023, Net income and Net income per share include, and Adjusted net income and Adjusted net income per share exclude, adjustments related to the Company’s 2022 acquisitions of RotoWire and BonusFinder of $0.3 million, or $0.01 per share. Similarly, these adjustments totaled $4.4 million, or $0.13 per share, for the three months ended December 31, 2022. For the year ended December 31, 2023, Net income and Net income per share include, and Adjusted net income and Adjusted net income per share exclude, adjustments related to the Company’s 2022 acquisitions of RotoWire and BonusFinder of $7.7 million, or $0.21 per share. Similarly, these adjustments totaled $11.2 million, or $0.31 per share, for the year ended December 31, 2022. See “Supplemental Information – Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments.
(2) Represents a non-IFRS measure. See “Supplemental Information – Non-IFRS Financial Measures” and the tables at the end of this release for reconciliations to the comparable IFRS numbers.

Charles Gillespie, Chief Executive Officer and Co-Founder of Gambling.com Group, commented, “Our fourth quarter results extended our strong record of delivering high top-line growth and attractive margins. With consistent execution over the years, and especially over the past four years in North America, we have established one of the strongest and highest-growth performance marketing businesses in the online gambling industry. Our operating momentum continued throughout 2023 and the undeniable power of our capital efficient business is on full display in our full year results which include a 42% increase in revenue to $108.7 million, a 53% rise in Adjusted EBITDA to $36.7 million and 71% growth in Free Cash Flow to $16.2 million.

“Our fourth quarter and full year North American revenue increased 103% and 69%, respectively. Growth was driven by new state launches, strong increases in ‘same-state’ sales and our blossoming media partnership initiatives. We are confident in our ability to continue growing our North American market share this year and we will also benefit from the recent launch of online sports betting in our home state of North Carolina, where we are off to a strong start since the market launched on March 11th.

“Gambling.com Group is positioned for continued revenue, Adjusted EBITDA and Free Cash Flow growth in 2024 and beyond across all of our markets. As significant shareholders, the founders and senior management of Gambling.com Group remain fully aligned with all owners and we are steadfastly committed to enhancing shareholder value.”

Enters into Definitive Agreement to Acquire Freebets.com and Related Assets

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Gambling.com Group also announced today that it will expand its presence across the United Kingdom and other European markets through a definitive agreement to acquire Freebets.com and related assets. Closing is expected at the beginning of April, subject to customary closing conditions. Gambling.com Group anticipates that these assets will produce revenue of approximately $10.0 million and incremental Adjusted EBITDA of approximately $5.0 million during the nine months from April to December 2024.

The Company will acquire these assets for a total consideration of between $37.5 million and $42.5 million, consisting of $20.0 million paid on closing, $10.0 million paid on the six-month anniversary of closing and between $7.5 million and $12.5 million to be paid on the one-year anniversary of the closing subject to the revenue performance of the assets during the remainder of 2024. Gambling.com Group expects to fund the purchase price from existing cash on hand, borrowings under the recently announced credit facility and future cash flow.

“This acquisition will provide us with another big brand and assets that complement our existing website portfolio in a number of our key-focus markets, enabling us to drive further growth which is both high margin and highly accretive,” said Charles Gillespie. “By operating these assets on our technology platform, we expect to unlock their full potential. We are confident that this latest acquisition will create incremental shareholder value in the same way we have done with previous acquisitions.”

Fourth Quarter 2023 and Recent Business Highlights

  • Grew North American revenue 103% to $20.3 million
  • Delivered more than 159,000 new depositing customers (“NDCs”)
  • Strong contribution from Kentucky following launch in late September
  • Acquired European casino domains and related assets for $6.4 million
  • Repurchased 205,727 shares for an average price of $9.70
  • Won the iGB Casino Affiliate of the Year Award
  • Launched operations in our home state of North Carolina on March 11th
  • Secured new $50 million credit facility with Wells Fargo Bank, National Association
  • Entered into a definitive agreement to acquire Freebets.com and related assets

Elias Mark, Chief Financial Officer of Gambling.com Group, added, “The strong value we create for our online gambling operator partners is evident in the 56% increase in the number of NDCs we sent to them in 2023. Consistent with our capital efficient DNA, nearly all of our revenue growth in 2023 was organic(1) which we again converted into Free Cash Flow at a very high percentage. We are positioned to further our operating momentum in 2024 as the mid-points of our revenue and Adjusted EBITDA outlook reflect growth of 21% and 25%, respectively.”

(1) Organic growth refers to the percentage change in revenue during a period compared to the same period in the previous year. Organic growth is adjusted to exclude revenue from businesses acquired during the preceding 12 months.

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2024 Outlook

The Company announced its 2024 guidance as follows:

Low

Midpoint

High

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FY 2023

Revenue (millions)

129

131

133

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108.7

Adjusted EBITDA (millions)

44

46

48

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36.7

The Company introduces full year 2024 guidance for revenue of $129 million to $133 million and Adjusted EBITDA of $44 million to $48 million.

The Company’s guidance assumes:

  • Following the launch of sports betting in North Carolina on March 11th, no additional North American markets coming online over the balance of 2024
  • No benefit from any new acquisitions, apart from approximately $10 million in revenue and $5 million in incremental Adjusted EBITDA related to the acquisition of Freebets.com and related assets as described above
  • An average EUR/USD exchange rate of 1.09 throughout 2024

Conference Call Details

Date/Time:

Thursday, March 21, 2024, at 8:00 a.m. ET

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Webcast:

webcast-eqs.com/gamb20240314/en

U.S. Toll-Free Dial In:

877-407-0890

International Dial In:

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1 201-389-0918

To access, please dial in approximately 10 minutes before the start of the call. An archived webcast of the conference call will also be available in the News & Events section of the Company’s website at gambling.com/corporate/investors/news-events. Information contained on the Company’s website is not incorporated into this press release.

About Gambling.com Group Limited

Gambling.com Group Limited (Nasdaq: GAMB) (the “Group”) is a multi-award-winning performance marketing company and a leading provider of digital marketing services active in the online gambling industry. Founded in 2006, the Group has offices globally, primarily operating in the United States and Ireland. Through its proprietary technology platform, the Group publishes a portfolio of premier branded websites including Gambling.com, Bookies.com, Casinos.com and RotoWire.com. Gambling.com Group owns and operates more than 50 websites in seven languages across 15 national markets covering all aspects of the online gambling industry, including iGaming and sports betting, and the fantasy sports industry.

Use of Non-IFRS Measures

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This press release contains certain non-IFRS financial measures, such as Adjusted Net Income, EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, and related ratios. See “Supplemental Information – Non-IFRS Financial Measures” and the tables at the end of this release for an explanation of the adjustments and reconciliations to the comparable IFRS numbers.

Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our current expectations and views of future events. All statements other than statements of historical facts contained in this press release, including statements relating to our expectation of continued growth in the North American market and other established markets, benefits from the recent launch of online sports betting in North Carolina, our ability to scale and optimize our media partnerships, whether the acquisition of Freebets.com and related assets is immediately accretive and creates additional shareholder value, the 2024 revenue of Freebets.com and related assets, the funding of the purchase price and whether the customary closing conditions of the acquisition of Freebets.com and related assets will be met, the expected continuation to benefit from near- and long-term opportunities to deliver profitable organic growth, whether our ability to leverage revenue drivers with our business model will continue to increase shareholder value, availability of additional, accretive acquisition opportunities, and our 2024 outlook, are all forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” “could,” “will,” “would,” “ongoing,” “future” or the negative of these terms or other similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, contingencies, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance, or achievements to be materially and/or significantly different from any future results, performance or achievements expressed or implied by the forward-looking statement. Important factors that could cause actual results to differ materially from our expectations are discussed under “Item 3. Key Information – Risk Factors” in Gambling.com Group’s annual report filed on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the “SEC”) on March 23, 2023, and Gambling.com Group’s other filings with the SEC as such factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Gambling.com Group disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

Consolidated Statements of Comprehensive Income (Loss) (Unaudited)
(USD in thousands, except per share amounts)

The following table details the consolidated statements of comprehensive income for the three and twelve months ended December 31, 2023 and 2022 in the Company’s reporting currency and constant currency.

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Reporting Currency

Constant Currency

Reporting Currency

Constant Currency

Three Months Ended December 31,

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Change

Change

Twelve Months Ended December 31,

Change

Change

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2023

2022

%

%

2023

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2022

%

%

Revenue

32,530

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21,349

52

%

45

%

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108,652

76,507

42

%

38

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%

Cost of sales

(5,089

)

(629

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)

709

%

668

%

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(9,112

)

(2,959

)

208

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%

198

%

Gross profit

27,441

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20,720

32

%

26

%

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99,540

73,548

35

%

31

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%

Sales and marketing expenses

(9,687

)

(9,401

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)

3

%

(2

(35,331

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)

(33,740

)

5

%

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1

%

Technology expenses

(3,058

)

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(2,208

)

39

%

31

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%

(10,287

)

(6,764

)

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52

%

47

%

General and administrative expenses

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(6,994

)

(5,201

)

34

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%

28

%

(24,291

)

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(19,519

)

24

%

21

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%

Movements in credit losses allowance

468

102

359

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%

337

%

(914

)

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(796

)

15

%

11

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%

Fair value movement on contingent consideration

—

(4,317

)

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(100

) %

(100

) %

(6,939

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)

(10,852

)

(36

) %

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(38

) %

Operating profit

8,170

(305

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)

2779

%

(2637

) %

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21,778

1,877

1060

%

1023

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%

Finance income

620

—

100

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%

100

%

634

2,322

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(73

) %

(74

) %

Finance expenses

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(2,577

)

(4,434

)

42

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%

(45

) %

(2,271

)

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(1,299

)

75

%

69

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%

Income before tax

6,215

(4,739

)

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231

%

(224

) %

20,141

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2,900

595

%

572

%

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Income tax (charge) credit

159

330

(52

) %

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(54

) %

(1,881

)

(510

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European Gaming Congress 2024 (Warsaw, Poland)

)

269

%

257

%

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Net income for the period attributable to shareholders

6,374

(4,409

)

245

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%

(237

) %

18,260

2,390

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664

%

640

%

Other comprehensive income (loss)

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Exchange differences on translating foreign currencies

4,953

9,095

(46

) %

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(48

) %

2,868

(4,793

)

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(160

) %

(158

) %

Total comprehensive income (loss) for the period attributable to shareholders

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11,327

4,686

142

%

(129

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European Gaming Congress 2024 (Warsaw, Poland)

) %

21,128

(2,403

)

979

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%

952

%

Consolidated Statements of Financial Position (Unaudited)
(USD in thousands)

DECEMBER
31,

2023

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DECEMBER
31,

2022

ASSETS

Non-current assets

Property and equipment

908

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714

Right-of-use assets

1,460

1,818

Intangible assets

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98,000

88,521

Deferred compensation cost

—

29

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Deferred tax asset

7,134

5,832

Total non-current assets

107,502

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96,914

Current assets

Trade and other receivables

21,938

12,222

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Inventories

—

75

Cash and cash equivalents

25,429

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29,664

Total current assets

47,367

41,961

Total assets

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154,869

138,875

EQUITY AND LIABILITIES

Equity

Share capital

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—

—

Capital reserve

74,166

63,723

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Treasury shares

(3,107

)

(348

)

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Share options and warrants reserve

7,414

4,411

Foreign exchange translation deficit

(4,207

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)

(7,075

)

Retained earnings

44,658

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26,398

Total equity

118,924

87,109

Non-current liabilities

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Other payables

—

290

Deferred consideration

—

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4,774

Contingent consideration

—

11,297

Lease liability

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1,190

1,518

Deferred tax liability

2,008

2,179

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Total non-current liabilities

3,198

20,058

Current liabilities

Trade and other payables

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10,793

6,342

Deferred income

2,207

1,692

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Deferred consideration

18,811

2,800

Contingent consideration

—

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19,378

Other liability

308

226

Lease liability

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533

554

Income tax payable

95

716

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Total current liabilities

32,747

31,708

Total liabilities

35,945

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51,766

Total equity and liabilities

154,869

138,875

Consolidated Statements of Cash Flows (Unaudited)
(USD in thousands)

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Three Months Ended December
31,

Year ended
December 31,

2023

2022

2023

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2022

Cash flow from operating activities

Income before tax

6,215

(4,739

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)

20,141

2,900

Finance cost / (income), net

1,957

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4,434

1,637

(1,023

)

Adjustments for non-cash items:

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Depreciation and amortization

568

1,401

2,088

6,959

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Movements in credit loss allowance

(468

)

(102

)

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European Gaming Congress 2024 (Warsaw, Poland)

914

796

Fair value movement on contingent consideration

—

4,317

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European Gaming Congress 2024 (Warsaw, Poland)

6,939

10,852

Share-based payment expense

817

814

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3,607

3,214

Warrants repurchased

—

—

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—

(800

)

Income tax paid

(2,063

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)

(628

)

(3,826

)

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(1,444

)

Payment of contingent consideration

—

—

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(4,621

)

—

Payment of deferred consideration

—

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—

(2,897

)

—

Cash flows from operating activities before changes in working capital

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7,026

5,497

23,982

21,454

Changes in working capital

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Trade and other receivables

(3,260

)

(907

)

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(10,387

)

(5,838

)

Trade and other payables

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3,196

1,673

4,240

3,214

Inventories

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—

(75

)

75

(75

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)

Cash flows (used in ) generated by operating activities

6,962

6,188

17,910

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18,755

Cash flows from investing activities

Acquisition of property and equipment

(157

)

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—

(451

)

(330

)

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Acquisition of intangible assets

(6,924

)

(5,824

)

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(8,792

)

(8,958

)

Acquisition of subsidiaries, net of cash acquired

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—

—

—

(23,411

)

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Interest received from bank deposits

90

—

259

—

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Payment of deferred consideration

—

—

(4,933

)

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—

Payment of contingent consideration

—

—

(5,557

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)

—

Cash flows used in investing activities

(6,991

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(5,824

)

(19,474

)

(32,699

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

Cash flows from financing activities

Exercise of share options

—

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

106

—

Treasury shares acquired

(1,813

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(348

)

(2,572

)

(348

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

Repayment of borrowings

—

(6,000

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

(6,000

)

Interest payment attributable to third party borrowings

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(99

)

—

(458

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Interest payment attributable to deferred consideration settled

—

—

(110

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

Principal paid on lease liability

(98

)

(75

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

(402

)

(315

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Interest paid on lease liability

(38

)

(47

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(165

)

(189

)

Cash flows used in financing activities

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(1,949

)

(6,569

)

(3,143

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

(7,310

)

Net movement in cash and cash equivalents

(1,978

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

(6,205

)

(4,707

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(21,254

)

Cash and cash equivalents at the beginning of the period

26,884

35,092

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

29,664

51,047

Net foreign exchange differences on cash and cash equivalents

522

777

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

472

(129

)

Cash and cash equivalents at the end of the period

25,429

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

29,664

25,429

29,664

Earnings Per Share

Below is a reconciliation of basic and diluted earnings per share as presented in the Consolidated Statement of Comprehensive Income for the period specified, stated in USD thousands, except per share amounts (unaudited):

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European Gaming Congress 2024 (Warsaw, Poland)

Three Months Ended
December 31,

Reporting
Currency
Change

Constant
Currency
Change

Year Ended December
31,

Reporting
Currency
Change

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Constant
Currency
Change

2023

2022

%

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

2023

2022

%

%

Net income for the period attributable to shareholders

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

6,374

(4,409

)

245

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(237

) %

18,260

2,390

664

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

640

%

Weighted-average number of ordinary shares, basic

37,403,888

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

36,467,299

3

%

3

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

37,083,262

35,828,204

4

%

4

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Net income per share attributable to shareholders, basic

0.17

(0.12

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

242

%

(231

) %

0.49

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.07

600

%

600

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Net income for the period attributable to shareholders

6,374

(4,409

)

245

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

(237

) %

18,260

2,390

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

664

%

640

%

Weighted-average number of ordinary shares, diluted

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

38,879,038

37,289,010

4

%

4

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

38,542,166

38,212,108

1

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

1

%

Net income per share attributable to shareholders, diluted

0.16

(0.12

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

233

%

(233

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.47

0.06

683

%

683

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Supplemental Information

Rounding

We have made rounding adjustments to some of the figures included in the discussion and analysis of our financial condition and results of operations together with our consolidated financial statements and the related notes thereto. Accordingly, numerical figures shown as totals in some tables may not be an arithmetic aggregation of the figures that preceded them.

Non-IFRS Financial Measures

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European Gaming Congress 2024 (Warsaw, Poland)

Management uses several financial measures, both IFRS and non-IFRS financial measures in analyzing and assessing the overall performance of the business and for making operational decisions.

Adjusted Net Income and Adjusted Net Income Per Share

Adjusted net income is a non-IFRS financial measure defined as net income attributable to equity holders excluding the fair value gain or loss related to contingent consideration, unwinding of deferred consideration, and certain employee bonuses related to acquisitions. Adjusted net income per diluted share is a non-IFRS financial measure defined as adjusted net income attributable to equity holders divided by the diluted weighted average number of common shares outstanding.

We believe adjusted net income and adjusted net income per diluted share are useful to our management as a measure of comparative performance from period to period as these measures remove the effect of the fair value gain or loss related to the contingent consideration, unwinding of deferred consideration, and certain employee bonuses, all associated with our acquisitions, during the limited period where these items are incurred. We expect to incur expenses related to the unwinding of deferred consideration and employee bonuses until April 2024. See Note 5 of the consolidated financial statements for the year ended December 31, 2023 for a description of the contingent and deferred considerations associated with our acquisitions.

Below is a reconciliation to Adjusted net income attributable to equity holders and Adjusted net income per share, diluted from net income for the period attributable to the equity holders and net income per share attributed to ordinary shareholders, diluted as presented in the Consolidated Statements of Comprehensive Income (Loss) and for the period specified stated in the Company’s reporting currency and constant currency (unaudited):

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European Gaming Congress 2024 (Warsaw, Poland)

Reporting Currency

Constant
Currency

Reporting Currency

Constant
Currency

Three months ended
December 31,

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Change

Change

Year ended December
31,

Change

Change

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

2023

2022

%

%

2023

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

2022

%

%

Revenue

32,530

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

21,349

52

%

45

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

108,652

76,507

42

%

38

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Net income (loss) for the period attributable to shareholders

6,374

(4,409

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

245

%

(237

) %

18,260

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

2,390

664

%

640

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Net income margin

20

%

(21

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

17

%

3

%

Net income (loss) for the period attributable to shareholders

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

6,374

(4,409

)

245

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(237

) %

18,260

2,390

664

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

640

%

Fair value movement on contingent consideration (1)

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

4,317

(100

) %

(100

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

6,939

10,852

(36

) %

(38

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

Unwinding of deferred consideration (1)

309

77

301

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

277

%

735

325

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

126

%

119

%

Employees’ bonuses related to acquisition(1)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

125

628

(80

) %

(81

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

368

628

(41

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(43

) %

Adjusted net income for the period attributable to shareholders

6,808

613

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

1011

%

939

%

26,302

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

14,195

85

%

79

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Net income per share attributable to shareholders, basic

0.17

-0.12

242

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(231

) %

0.49

0.07

600

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

600

%

Effect of adjustments for fair value movements on contingent consideration, basic

0.00

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.12

(100

) %

(100

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.19

0.30

(37

) %

(39

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

Effect of adjustments for unwinding on deferred consideration, basic

0.01

0.01

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

—

%

0.02

0.01

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

100

%

100

%

Effect of adjustments for bonuses related to acquisition, basic

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.00

0.01

—

%

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

0.01

0.02

(50

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(50

) %

Adjusted net income per share attributable to shareholders, basic

0.18

0.02

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

800

%

800

%

0.71

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.40

78

%

73

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Net income per share attributable to ordinary shareholders, diluted

0.16

-0.12

233

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(233

) %

0.47

0.06

683

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

683

%

Adjusted net income per share attributable to shareholders, diluted

0.18

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.02

800

%

800

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

0.68

0.37

84

%

79

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

__________

(1) There is no tax impact from fair value movement on contingent consideration, unwinding of deferred consideration or employee bonuses related to acquisition.

EBITDA, Adjusted EBITDA and Adjusted EBITDA Margin

EBITDA is a non-IFRS financial measure defined as earnings excluding interest, income tax (charge) credit, depreciation, and amortization. Adjusted EBITDA is a non-IFRS financial measure defined as EBITDA adjusted to exclude the effect of non-recurring items, significant non-cash items, share-based payment expense, foreign exchange gains (losses), fair value of contingent consideration, and other items that our board of directors believes do not reflect the underlying performance of the business, including acquisition related expenses, such as acquisition related costs and bonuses. Adjusted EBITDA Margin is a non-IFRS measure defined as Adjusted EBITDA as a percentage of revenue.

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European Gaming Congress 2024 (Warsaw, Poland)

We believe Adjusted EBITDA and Adjusted EBITDA Margin are useful to our management team as a measure of comparative operating performance from period to period as those measures remove the effect of items not directly resulting from our core operations including effects that are generated by differences in capital structure, depreciation, tax effects and non-recurring events.

While we use Adjusted EBITDA and Adjusted EBITDA Margin as tools to enhance our understanding of certain aspects of our financial performance, we do not believe that Adjusted EBITDA and Adjusted EBITDA Margin are substitutes for, or superior to, the information provided by IFRS results. As such, the presentation of Adjusted EBITDA and Adjusted EBITDA Margin is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with IFRS. The primary limitations associated with the use of Adjusted EBITDA and Adjusted EBITDA Margin as compared to IFRS results are that Adjusted EBITDA and Adjusted EBITDA Margin as we define them may not be comparable to similarly titled measures used by other companies in our industry and that Adjusted EBITDA and Adjusted EBITDA Margin may exclude financial information that some investors may consider important in evaluating our performance.

Below is a reconciliation to EBITDA, Adjusted EBITDA from net income for the period attributable to shareholders as presented in the Consolidated Statements of Comprehensive Income and for the period specified (unaudited):

Reporting Currency

Constant
Currency

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Reporting Currency

Constant
Currency

Three Months Ended
December 31,

Change

Change

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Year ended
December 31,

Change

Change

2023

2022

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

%

2023

2022

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

(USD in thousands)

(USD in thousands)

Net income (loss) for the period attributable to shareholders

6,374

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(4,409

)

(245

) %

(237

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

18,260

2,390

664

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

640

%

Add back (deduct):

Interest expenses on borrowings and lease liability

38

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

150

(75

) %

(76

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

165

646

(74

) %

(75

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

Income tax charge

(159

)

(330

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

(52

) %

(52

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

1,881

510

269

%

257

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Depreciation expense

63

43

47

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

41

%

246

190

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

29

%

26

%

Amortization expense

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

505

1,358

(63

) %

(65

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

1,842

6,769

(73

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(74

) %

EBITDA

6,821

(3,188

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

(314

) %

(303

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

22,394

10,505

113

%

106

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Share-based payment expense

997

814

22

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

16

%

3,787

3,214

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

18

%

14

%

Fair value movement on contingent consideration

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

4,317

(100

) %

(100

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

6,939

10,852

(36

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(38

) %

Unwinding of deferred consideration

309

77

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

301

%

281

%

735

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

325

126

%

119

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Foreign currency translation losses (gains), net

1,699

4,293

(60

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(62

) %

923

(2,097

)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(144

) %

(143

) %

Interest income from bank deposits

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(90

)

—

100

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

100

%

(259

)

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

100

%

100

%

Other finance results

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

1

(86

)

(101

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(101

) %

73

103

(29

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

) %

(31

) %

Secondary offering related costs

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

100

%

—

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

733

—

100

%

100

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Acquisition related costs (1)

508

—

100

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

100

%

821

539

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

52

%

47

%

Employees’ bonuses related to acquisition

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

125

628

(80

) %

100

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

368

628

(41

) %

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(43

) %

Employee bonuses related to the public offerings

201

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

100

%

100

%

201

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

100

%

100

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Adjusted EBITDA

10,572

6,855

54

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

47

%

36,715

24,069

53

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

48

%

__________

(1) The acquisition costs are related to historical and potential business combinations of the Group.

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European Gaming Congress 2024 (Warsaw, Poland)

Below is the Adjusted EBITDA Margin calculation for the period specified stated in the Company’s reporting currency and constant currency (unaudited):

Reporting Currency

Constant
Currency

Reporting Currency

Constant
Currency

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Three Months Ended December 31,

Change

Change

Year ended December
31,

Change

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Change

2023

2022

%

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

2023

2022

%

%

(USD in thousands,
except margin)

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(in thousands USD, except margin)

Revenue

32,530

21,349

52

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

45

%

108,652

76,507

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

42

%

38

%

Adjusted EBITDA

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

10,572

6,855

54

%

47

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

36,715

24,069

53

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

48

%

Adjusted EBITDA Margin

32

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

32

%

34

%

31

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

In regard to forward looking non-IFRS guidance, we are not able to reconcile the forward-looking non-IFRS Adjusted EBITDA measure to the closest corresponding IFRS measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items including, but not limited to, fair value movements, share-based payments for future awards, acquisition-related expenses and certain financing and tax items.

Free Cash Flow

Free Cash Flow is a non-IFRS liquidity financial measure defined as cash flow from operating activities adjusted for payments related to contingent and deferred consideration included within operating cash flow less capital expenditures.

We believe Free Cash Flow is useful to our management team as a measure of financial performance as it measures our ability to generate additional cash from our operations. While we use Free Cash Flow as a tool to enhance our understanding of certain aspects of our financial performance, we do not believe that Free Cash Flow is a substitute for, or superior to, the information provided by IFRS metrics. As such, the presentation of Free Cash Flow is not intended to be considered in isolation or as a substitute for any measure prepared in accordance with IFRS.

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European Gaming Congress 2024 (Warsaw, Poland)

The primary limitation associated with the use of Free Cash Flow as compared to IFRS metrics is that Free Cash Flow does not represent residual cash flows available for discretionary expenditures because the measure does not deduct the payments required for debt service and other obligations or payments made for business acquisitions. Free Cash Flow as we define it also may not be comparable to similarly titled measures used by other companies in the online gambling affiliate industry.

Below is a reconciliation to Free Cash Flow from cash flows generated by operating activities as presented in the Consolidated Statement of Cash Flows for the period specified in the Company’s reporting currency (unaudited):

Three Months Ended
December 31,

Change

Year ended December
31,

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

Change

2023

2022

%

2023

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

2022

%

(in thousands USD, unaudited)

(USD in thousands, unaudited)

Cash flows generated by operating activities

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

6,962

6,188

13

%

17,910

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

18,755

(5

)

Adjustment for items presented in operating activities:

Payment of contingent consideration

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

—

—

%

4,621

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

100

%

Payment of deferred consideration

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

—

—

%

2,897

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

100

%

Adjustment for items presenting in investing activities:

Capital Expenditures (1)

(7,081

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

)

(5,824

)

22

%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(9,243

)

(9,288

)

—

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

Free Cash Flow

(118

)

364

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

(132

) %

16,185

9,467

71

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

%

__________

(1) Capital expenditures are defined as the acquisition of property and equipment and the acquisition of intangible assets, and excludes cash flows related to business combinations.

 

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European Gaming Congress 2024 (Warsaw, Poland)

Gambling in the USA

Snoqualmie Casino Announces Exciting Rebranding to Snoqualmie Casino & Hotel Ahead of Major Expansion

Published

on

snoqualmie-casino-announces-exciting-rebranding-to-snoqualmie-casino-&-hotel-ahead-of-major-expansion

 

Snoqualmie Casino has announced its rebranding to Snoqualmie Casino & Hotel, reflecting an exciting new chapter in the venue’s history as it embarks on a much-anticipated expansion. Set for completion in mid-2025, this project promises to elevate the guest experience, making Snoqualmie Casino & Hotel a premier destination for entertainment, relaxation, and culinary excellence.

The cornerstone of the expansion is the construction of a luxurious hotel, which will offer guests unparalleled comfort and stunning views of the Snoqualmie Valley and Mount Si. With a focus on sustainability and modern design, the hotel will feature upscale accommodations, a full-service destination spa, and amenities that cater to both leisure and business travelers. Plus, there are architectural details inspired by Snoqualmie culture from a modern slant roof hotel design representing the original longhouses of the Snoqualmie Tribe’s ancestors to carefully chosen artwork placed throughout for guests to enjoy.

Snoqualmie Casino & Hotel’s destination spa will offer an immersive escape that blends relaxation with the healing power of nature. Nestled in the serene landscapes of the Pacific Northwest, the spa provides a range of rejuvenating treatments. Experience the perfect blend of wellness and nature where luxury, tradition and innovation come together for an incredibly transformative experience.

“It is my honor and privilege to announce that Snoqualmie Casino has now become Snoqualmie Casino and Hotel. Over the past three years, the Snoqualmie Tribe and Casino have been diligently working to bring a one-of-a-kind, world-class hotel to the Snoqualmie Valley,” said Interim CEO Mary Lou Patterson.

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In addition, Snoqualmie Casino & Hotel will expand its gaming floor, introducing an array of new options to enhance the entertainment experience for guests. This expansion will include the latest slots, electronic and traditional table games, as well as a dedicated high-limit gaming area for discerning players seeking a more exclusive gaming experience.

One of the highlights of the expansion is the development of a state-of-the-art 2000-seat entertainment and convention center. This versatile venue will host a variety of events, from concerts to conferences, positioning Snoqualmie Casino & Hotel as a key player in the region’s entertainment landscape. With cutting-edge technology and a focus on guest comfort, the center will attract top-tier talent and events, making it a must-visit destination.

In addition to the award-winning Vista Prime Steaks & Seafood, 12 Moons, and Falls Buffet, a new sports bar and grill will be introduced to provide patrons with the ultimate game day experience. Other new dining options, set to open later, will showcase local ingredients and flavors, ensuring a memorable culinary experience for guests.

Snoqualmie Casino & Hotel recently launched a brand-new valet garage. The dual level indoor and outdoor structure, with 600 additional spaces, doubles the previous capacity for valet parking creating easier access into the casino. This is the first piece of new development at Snoqualmie Casino & Hotel that has opened for immediate use. The entire project anticipates creating numerous job opportunities for local residents, contributing to the economic growth of the Snoqualmie area.

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Gambling in the USA

Gaming Americas Weekly Roundup – November 4-10

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

PENN Entertainment and ESPN announced that account linking between ESPN BET and ESPN is now available for customers, creating an even more deeply integrated media and betting experience. By linking accounts, fans now have the ability to seamlessly track upcoming, live and settled bets within the ESPN app and on ESPN.com. With this product enhancement, ESPN BET will soon bring fans more personalised bets and timely promotions based on their favourite sports, teams, players and fantasy rosters.

Accel Entertainment Inc. has announced that it has completed the acquisition of 85% of the ownership interests of Toucan Gaming LLC and LSM Gaming LLC, two Louisiana-based route operators and owners of multiple licensed video poker establishments (collectively, “Toucan”), for approximately $40 million. The combined business will operate as Toucan Gaming throughout Louisiana and will be led by Stan Guidroz, an industry-leading gaming executive and current CEO of Toucan Gaming. Mr. Guidroz owns the remaining 15% of Toucan’s ownership interests and will lead the Accel team supporting Toucan’s continued growth.

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INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT, its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalisation of the existing land-based network. The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.

BetMGM Poker has become the third US operator to offer multi-state online poker. The company has merged its player pools in Michigan and New Jersey. Both states are a part of the Multi-State Internet Gaming Agreement, which allows online poker networks to share liquidity and players in participating markets. The two-state network went live Wednesday afternoon after morning maintenance.

Betsson Group has celebrated its success at the SBC Awards LatinoamĂ©rica 2024, winning two prestigious awards: Sportsbook Operator of the Year and Leader of the Year, which was awarded to Kevin Saliba, Commercial Director (Business Development) for Latin America. This marks the second consecutive year Betsson has earned the Leader of the Year accolade, following Andrea Rossi’s win in 2023 – an achievement that underscores Betsson’s consistent leadership in the region.

Partnerships

Play’n GO has announced a new operator partnership with renowned gaming brand Hard Rock Digital for their top-rated Hard Rock Bet online casino platform in New Jersey. The Hard Rock brand is synonymous with entertainment worldwide, and this partnership will see Hard Rock Bet players in New Jersey gain access to hit Play’n GO titles such as Piggy Blitz, Book of Dead and Rise of Olympus 100.

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SCCG Management, a global leader in gaming innovation and advisory, has announced a strategic partnership with Chata.AI, a technology provider specialising in self-service, proactive analytics that enables businesses to access real-time insights without requiring extensive technical expertise. This partnership introduces Chata.AI’s technology to the gaming industry, providing operators with powerful tools to streamline decision-making and increase operational efficiency.

The post Gaming Americas Weekly Roundup – November 4-10 appeared first on European Gaming Industry News.

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Gambling in the USA

Wind Creek Chicago Southland to Open to the Public on November 11

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Wind Creek Chicago Southland has announced that it will open to the public on November 11. The state-of-the-art casino represents the first step toward delivering a full-scale integrated resort experience, scheduled for completion in spring 2025.

Spanning an impressive 70,000 square feet, Wind Creek Chicago Southland features over 1400 slot machines, 56 table games, high-limit slot areas, a high-limit table games salon, a poker room, a dynamic sportsbook, and 4 “Hidden Gems” throughout the casino floor–offering visitors a unique and customizable private gaming and event microenvironment. Designed with an emphasis on curated entertainment spaces, this new offering aims to redefine leisure and hospitality for the entire region.

“The opening of Wind Creek Chicago Southland underscores our dedication to making a positive economic impact in the communities we serve. We’re committed to create opportunities that support the region, offer competitive benefits for Team Members, and further strengthen the vibrant Southland community,” said Jay Dorris, President and CEO of Wind Creek Hospitality.

Wind Creek Chicago Southland is expected to create more than 1000 full-time jobs in fields ranging from hospitality to technology. Roles will include security, gaming attendants, food service, IT technicians, and environmental services, reinforcing Wind Creek’s commitment to strengthening the local economy. Additionally, Homewood and East Hazel Crest will benefit from gambling revenue, along with 42 other south suburban communities—funding essential local services within the immediate and surrounding communities.

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“Wind Creek Chicago Southland is more than a casino—it’s a community-driven destination. The Tribe and Wind Creek will continue to prioritize the Villages of Homewood and East Hazel Crest as we are committed to uplifting our neighbors,” said Stephanie Bryan, Tribal Chair and CEO, Poarch Creek Indians.

On Nov. 6th and Nov. 7th, the Illinois Gaming Board visited the casino for two mandatory test days, which also included an extended invitation to family friends and local dignitaries. Wind Creek Hospitality received notice of approval on Nov. 8th to operate on Monday, Nov. 11th at approximately 11:00 a.m.

The Nov. 11th opening marks only the beginning of what will become a flagship destination. High-limit gaming rooms, a hotel, spa, poker room, a sportsbook and more will be available for Guests seeking diverse experiences. Wind Creek’s partnership with Fabio Viviani Hospitality Group will also introduce an exceptional range of signature restaurants and food & beverage offerings to the highly anticipated property.

“Whether you’re looking for elevated dining, quick-service eateries, or something in between—you won’t be disappointed as we’re creating something truly unforgettable,” said Fabio Viviani.

“From the start, our mission has been to create jobs, spur economic growth, and offer the ultimate entertainment escape. We’re thrilled to welcome our Guests on Nov. 11th to experience the excitement firsthand,” said Roger Kuehn, EVP and General Manager of Wind Creek Chicago Southland.

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