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Zeal Network Reports First-quarter 2022 Results
German lottery provider Zeal Network has reported a 101.6% year-on-year increase in net profit for the first quarter of its 2022 financial year, following a rise in revenue and reduction in operating costs.
Revenue, including income from jackpot insurance, for the three months to 31 March 2022 was €25.1m, an increase of 11.0% from €22.6m in the same period last year.
The majority of revenue (€24.0m) was generated through Zeal’s German business, while the remaining €1.1m came from other operations, with both areas benefitting from higher billings.
Total group billings, which comprise all stakes from customers through Zeal’s offering, were up 10.9% to €181.1m due to better jackpot development and an increase in customers.
Zeal was able to acquire 154,000 registered new customers in the quarter, slightly lower than the 156,000 last year, with acquisition costs per registered new customer up from €33.48 to €38.09.
Turning to costs, operating expenses were 9.8% lower at €16.5m, helped by a 20.2% cut in personnel spend as total employee headcount was reduced from 164 to 156. Marketing costs were 3.3% higher at €7.3m, but direct operating expenses were down 10.6% to €2.5m and indirect operating expenses were reduced by 15.2% to €2.6m.
Higher revenue and lower spending led to a 95.6% year-on-year increase in earnings before interest, tax, depreciation and amortisation (EBTIDA), which reached €8.9m in the quarter, up from €4.6m last year.
Zeal also noted €2.1m in amortisation and depreciation expenses, a 2.9% drop on Q1 2021, which resulted in a 187.6% jump in earnings before interest and tax (EBIT) to €6.8m.
After also taking into account €158,000 in financial costs and a €43,000 loss from associates, pre-tax profit was €6.7m. Zeal paid €1.6m in income tax, meaning it ended the quarter with a net profit of €5.0m, more than double the €2.48m posted last year.
“We have made a good start to 2022 and were able to increase revenue and profitability once again; this gives us momentum to invest in further growth this year,” Jonas Mattsson, chief financial officer of Zeal, said.
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RANGERS FANS BRAVE THE ELEMENTS TO RAISE MONEY FOR HOMELESSNESS IN GLASGOW
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The post RANGERS FANS BRAVE THE ELEMENTS TO RAISE MONEY FOR HOMELESSNESS IN GLASGOW appeared first on European Gaming Industry News.
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Team Soul Crowned Champions of Chennai Esports Global Championship (CEGC) 2025 BGMI Grand Finals
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Team Soul emerged victorious at the Chennai Esports Global Championship (CEGC) 2025 BGMI Grand Finals, held from November 14 to 16 at the Jawaharlal Nehru Indoor Stadium, becoming the second team to lift the trophy under Tamil Nadu’s state-backed international esports initiative.
Organised by the Sports Development Authority of Tamil Nadu (SDAT) in partnership with Skyesports, the three-day championship marked a major milestone for Indian mobile esports. The finals drew hundreds of on-ground spectators and a significant nationwide digital audience, reinforcing the rapid growth of competitive gaming in the country.
Team Soul secured the title through the tournament’s newly introduced Smash Rule, a format designed to reward consistent performance while ensuring a high-stakes finish. After surpassing the Match Point threshold on Match 15, the team won the following match to seal the championship. The Grand Finals featured 16 leading Indian teams, including Soul, Gods Reign, True Rippers, Revenant Esports and Team Tamilas.
The CEGC featured a total prize pool of INR 1 crore, with INR 50 lakh allocated to the BGMI championship. The winners, Team Soul, took home INR 21.5 lakh, while runners-up True Rippers earned INR 11 lakh. Hydro from True Rippers was adjudged the Finals MVP.
Team Soul were felicitated by the Hon’ble Deputy Chief Minister of Tamil Nadu, Thiru. Udhayanidhi Stalin who handed over the championship trophy. His presence and direct participation highlighted the state’s strong commitment to recognising esports as a legitimate avenue for youth engagement, digital innovation, and sporting excellence.
The Chennai Esports Global Championship is India’s first state government backed international esports tournament. It reflects Tamil Nadu’s long-term plan to position esports as a powerful platform for skill development, digital opportunities and the growth of the creative economy. With CEGC, Chennai is being actively positioned as a future global hub for esports and gaming innovation.
The BGMI Grand Finals followed the conclusion of the CEGC Counter-Strike 2 championship the previous week, which brought together top teams from Europe, Southeast Asia and India. The CS2 tournament reached more than 90,000 peak concurrent viewers across official streams and watch parties, making it India’s most-watched PC esports event.
Commenting on the tournament, Shiva Nandy, Founder and CEO, Skyesports, said, “The Chennai Esports Global Championship represents a new era for Indian esports. With the support of the Government of Tamil Nadu, we have shown that India can host world-class tournaments that match global standards while celebrating our own gaming community. S8UL’s win reflects the depth of talent in the country, and the enthusiasm for both the CS2 and BGMI championships shows that India is ready to be a serious player on the international esports stage.”
The success of CEGC BGMI 2025 reinforces India’s position as one of the fastest growing gaming markets, with more than 450 million gamers and a rapidly accelerating esports ecosystem. With strong state support and industry execution, the CEGC model sets a benchmark for scalable and sustainable esports growth in India.
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Ebaka Games brings chaos and soul to iGaming
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New studio Ebaka Games has entered the iGaming market with a clear mission to break the copy-paste cycle by creating original titles built on emotion, distinctive mechanics and the fearless experimentation our industry demands.
It launches with five instant games. Each is crafted for free-spirited and daring players and operators seeking exclusive content. Another five games will join the portfolio soon.
Ebaka Games stands for big wins, hardcore Ebaka modes with ultra-high volatility, a memorable mascot, and a vibrant style.
“We’re creating gripping games that push boundaries. We have no interest in reskins and clones. Ebaka Games is here to bring new meaning and revive the emotion in online games. We’re not for everyone, but we’ll be the go-to choice for those who get it.” says Ebaka Games CEO, Vitalii Zalievskyi.
The Ebaka Games philosophy is built on the principle of “chaos and soul”.
For players, our product gives them a reason to stay, recommend, discuss, and return. Value here is measured not only by RTP, but by a commitment to improving the user experience through feedback. Ebaka is created by players for players, making every partner and user an influencer of the product.
The iGaming world has grown stagnant: players are bored, and old mechanics are not enough to engage them. Dmitry Belianin joins Ebaka Games as an investor and co-founder to change this. He is also the co-founder of Blask, Strategic Advisor and Partner at Traffic Squad, and Managing Partner at Already Media.
Currently, the games are available exclusively on Menace.com. If you want to be next in line to offer Ebaka Games titles to your players, please get in touch. But remember, integration spots are limited.
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