Connect with us

Latest News

SharpLink Gaming Announces First Quarter 2024 Results and Provides Operational Update

Published

on

sharplink-gaming-announces-first-quarter-2024-results-and-provides-operational-update

 

SharpLink Gaming, Inc. (Nasdaq:SBET) (“SharpLink” or the “Company”), an online performance-based marketing company serving the U.S. sports betting and iGaming industries, today announced its first quarter financial results for the three months ended March 31, 2024, as reported in the Company’s Quarterly Report on Form 10-Q (“10-Q”) filed with the U.S. Securities and Exchange Commission (“SEC”) on Friday, May 17, 2024.

Commenting on the results, Rob Phythian, Chairman and CEO of SharpLink, stated, “2024 kicked off being marked by a pivotal quarter defined by the successful execution of a series of initiatives. We view each of these important milestones as critical first steps in achieving the strategic transformation of our Company, enabling us to ultimately win distinction as a leading pure-play online affiliate marketing company trusted by and relied upon by our U.S. sportsbook and global casino gaming partners.”

As previously announced, on January 18, 2024, SharpLink sold its Sports Gaming Client Services and SportsHub Gaming Network (“SHGN”) business segments to RSports Interactive, Inc. (“RSports”) for $22.5 million in an all-cash transaction. As a result, the historical results for these segments were reflected as discontinued operations in the Company’s consolidated financial statements included in the 10-Q.

Financial Highlights for the Three Months Ended March 31, 2024 Compared to Three Months Ended March 21, 2023

  • Revenues from the Company’s continuing operations totaled $975,946 compared to $1,232,762.
  • Net loss from continuing operations declined 18.4% to $1,760,811 compared to $2,157,183.
  • Net income from discontinued operations, net of tax increased 2217% to $14,111,167 from a net loss from discontinued operations, net of tax of $666,563.
  • Net income totaled $12,350,345, or $3.36 income per share on a fully diluted basis – up 537% from $2,823,746, or $1.01 loss per share.

For more detailed information on SharpLink’s first quarter 2024 financial performance, please refer to Form 10-Q filed with the SEC and accessible at sec.gov or on SharpLink’s website at sharplink.com.

First Quarter 2024 Business Highlights

  • On January 18, 2024, completed sale of SharpLink’s Sports Gaming Client Services and SHGN businesses to RSports for $22.5 million in an all-cash transaction.
  • Immediately following the sale, SharpLink used a portion of the proceeds from the sale to retire approximately $19.4 million, in aggregate, in outstanding debt obligations, thereby eliminating all interest-bearing debt on its balance sheet.
  • On February 8, 2024, regained full compliance with Nasdaq Continued Listing Standards.
  • On February 13, 2024, completed domestication merger with SharpLink Gaming, Ltd., changing from an Israel limited liability company to a Delaware corporation.
  • In February, established new Board of Directors for SharpLink Gaming, Inc. with the appointments of Rob Phythian as Chairman and Leslie Bernhard, Obie McKenzie and Robert Gutkowski as new independent members of the Board.

Continuing, Phythian said, “Given our strengthened balance sheet; our highly engaged Board comprised of world class, accomplished business executives; and our shared commitment to a strategy that is expected to empower us to capitalize on potentially compelling growth opportunities in the sports, entertainment and media industries, SharpLink has great hopes for our Company’s future. We plan to continue to enhance our value proposition to our sportsbooks and casino operator partners, while also actively seeking opportunities to expand our iGaming affiliate marketing network into new U.S and international markets where online sports betting and casino gaming have been legalized. Moreover, we intend to continue executing our strategic transformation with clarity and focus, and in doing so, we hope to deliver strong, sustainable value creation for our fellow shareholders for many years to come.”

“Unlocking SharpLink’s next phase of growth with purpose and cost-discipline will be key to our long-term success and should provide us with greater agility as we build momentum and look to accelerate our growth prospects as 2024 unfolds. To help support our mission and continued strategic transformation, we have filed a registration statement on Form S-3 with the SEC and accompanying prospectus for an At-The-Market offering (“ATM”) which we may utilize to raise growth capital if and when market conditions permit. We have identified other measures that we may also pursue to optimize our assets and further strengthen the foundation on which we are building the ‘new’ SharpLink. Over the course of the next several months, I look forward to sharing many more details on our plans and future ambitions,” concluded Phythian.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of SharpLink, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

3 Pigs of the Caribbean

Gaming Corps sets sail with 3 Pigs of the Caribbean – a swashbuckling new chapter in its hit Pigs series

Published

on

gaming-corps-sets-sail-with-3-pigs-of-the-caribbean-–-a-swashbuckling-new-chapter-in-its-hit-pigs-series

Reading Time: 2 minutes

Hams Ahoy! The iconic trio return for a pirate-themed Hold & Win adventure

Gaming Corps – a publicly-listed game development company based in Sweden, has unveiled 3 Pigs of the Caribbean, the latest and most ambitious instalment in its hit Pigs series. Following the runaway success of 3 Pigs of Olympus, the notorious trio return for a high-seas escapade packed with charm, humour, and treasure-filled potential.

Set against sun-drenched islands and creaking pirate ships, 3 Pigs of the Caribbean invites players to join the three swashbuckling pigs on their hunt for fortune. Every spin feels like a roll of the waves, as the pigs dig, hoard, and plunder their way across the reels in search of glittering rewards. Played across a 5×3 grid with 243 ways to win, this high-volatility Hold & Win slot captures the thrill of adventure with its dynamic mix of prize collection, grid expansion, and feature upgrades.

At the heart of the game is the Bonus Hold & Win Game, triggered by landing six or more Prize Coin symbols or a combination of Prize and Pig Coins. Once activated, players set sail on a bonus round that can expand to a 5×5 grid, where every spin offers new treasures to uncover. Each of the three Pig Coins brings its own brand of mischief and reward: the Red Pig expands the grid and adds new win possibilities, the Yellow Pig boosts prizes with multipliers of up to x10 and can award random values of up to 100x the total bet, while the Blue Pig adds extra respins and can also deliver random values of up to 100x the bet.

Adding to the chaos is the Mystery Pig, which can transform into any of the three Pig Coins to trigger surprise upgrades mid-bonus. Meanwhile, the Collector Chest feature keeps the base game brimming with activity, scooping up the values of Prize Coin symbols as they land. The brand-new Prize Gem system adds long-term treasure hunting to the mix, with four collectible tiers: Mini, Minor, Major, and Grand – each unlocked through colour-coded progress bars. When a bar is filled, a matching Prize Gem drops onto the grid, delivering a haul worthy of the high seas.

With an RTP of up to 95.81% and a rich tapestry of features that blend instant rewards with long-term engagement, 3 Pigs of the Caribbean represents a major evolution in the Pigs franchise, and one of Gaming Corps’ most feature-packed titles to date.

Viacheslav Pechernyi, Product Owner at Gaming Corps, said: “The Pigs have become a cornerstone of our portfolio and a player favourite around the world. With 3 Pigs of the Caribbean, we wanted to take everything that made the series successful – fun characters, smart mechanics, and big win potential, and send them on their most daring voyage yet. We can’t wait to see how it performs.”

The post Gaming Corps sets sail with 3 Pigs of the Caribbean – a swashbuckling new chapter in its hit Pigs series appeared first on European Gaming Industry News.

Continue Reading

Aaron Magpayo Chief Product Officer at Playnetic

Elantil adds Playnetic to ever-expanding list of marketplace options

Published

on

elantil-adds-playnetic-to-ever-expanding-list-of-marketplace-options

Reading Time: 2 minutes

Pioneering platform solutions provider integrates with innovative B2B content provider to give operators access to even more immersive gaming entertainment

Elantil, the disruptive platform solutions provider that’s rewriting the playbook for operators with its strategic iGaming backbone, has announced that it has further enhanced the range of options available via its online marketplace after partnering with Playnetic.

Having only launched in 2023, Playnetic has rapidly established itself as one of the industry’s go-to B2B content providers due to its unwavering reliability and exceptional customer service. Dedicated to providing immersive entertainment experiences, Playnetic has established three in-house studios that work closely with their commercial team to understand operator and partner requirements.

With all releases being informed by market insights, advances in technology and the latest gameplay trends, Playnetic titles combine high-quality visuals and audio with cutting-edge innovation and are backed by the company’s promise to consistently deliver, on time, every time.

As such a partner-oriented content provider, Playnetic will undoubtedly prove another welcome addition to Elantil’s Marketplace, with all operators now being free to reach out to the game provider directly and form their own simple, flexible agreements without Elantil dictating any of the terms.

By partnering with Elantil, Playnetic gains a platform that puts freedom, agility and control back at the heart of their operations. Elantil’s modular, API-first architecture enables swift market entry and reduces the delays that legacy systems often impose. Operators are able to launch new titles such as Piggy Plunder and Joxer, as well as brands or markets much faster, avoid rigid revenue-share burdens and minimise integration complexity and hidden costs.

Moreover, direct access to Playnetic’s immersive games portfolio means operators can refresh and diversify their lobbies, engage with players and scale into new markets with confidence.

John Debono, Chief Technical Officer at Elantil, said: “With Elantil’s Marketplace redefining the way that operators and suppliers do business, we’re delighted to be adding Playnetic to our growing list of integrations. As one of the most partner-focused B2B content providers around, our operators can now contact them directly to form bespoke deals that truly benefit their business.”

Aaron Magpayo, Chief Product Officer at Playnetic, said: “Our integration with Elantil’s Marketplace allows operators to access Playnetic’s content more seamlessly than ever before. It’s an important step that improves delivery efficiency, accelerates market access, and supports our goal of creating tailored, high-performing gaming experiences for every partner”.

The post Elantil adds Playnetic to ever-expanding list of marketplace options appeared first on European Gaming Industry News.

Continue Reading

Endorphina

SkillOnNet and Endorphina Unite in New Multi-Market Deal

Published

on

skillonnet-and-endorphina-unite-in-new-multi-market-deal

Reading Time: < 1 minute

Partnership Brings Endorphina’s Top Titles to SkillOnNet Brands Worldwide

Players across global entertainment brand SkillOnNet’s leading network of online casino brands can now dive into a fresh lineup of cutting-edge games, thanks to a new strategic partnership with award-winning software provider Endorphina.

Endorphina has been wowing the industry with a steady stream of hit titles like Hit Slot, Crown Coins, Lucky Streak 1000, Chance Machine, Fortune Chests and Thunder Crown. The company was crowned “Provider of the Year” at the AffPapa iGaming Awards 2025. Its games are now live with SkillOnNet across multiple jurisdictions.

SkillOnNet powers a diverse portfolio of iGaming brands, including household names like PlayOJO and Slingo, as well as regional favourites such as PlayUZU (Spain, LATAM), DrückGlück (Germany), and BacanaPlay (Portugal, Brazil).

The deal cements the company’s strategy of building the world’s most comprehensive games library through long-term partnerships with the very best emerging and established developers in the industry.

SkillOnNet operates more than 30 online casinos in numerous regulated jurisdictions across the globe, while providing turnkey solutions to top brands worldwide.

Jani Kontturi, Head of Games at SkillOnNet said: “We are delighted to partner with Endorphina and to bring their exceptional titles to our brands. We’re all about finding partners that share our core values around innovation, quality and responsible gaming. Endorphina delivers on that, while pushing the boundaries of game design and technical excellence. They have a deep understanding of what players want.”

Nare Grigoryan, COO-Malta at Endorphina said: “We’re proud to collaborate with SkillOnNet, a company with global reach and expertise. This deal allows us to amplify our presence in many regulated markets while delivering real value to players through a trusted, forward-thinking partner.”

The post SkillOnNet and Endorphina Unite in New Multi-Market Deal appeared first on European Gaming Industry News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania