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Enlabs: Interim report January – September 2020

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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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CT Interactive has concluded a key deal with Twinsbet.lt

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CT Interactive has concluded a key deal with Twinsbet.lt, marking a significant milestone in its strategic expansion across the Baltic region. The deal, primarily focused on the Lithuanian market, signifies CT Interactive’s commitment to enhancing its footprint in Estonia, Lithuania, and Latvia.

Milena Tsankarska, CCO at CT Interactive, expressed her confidence about the collaboration, stating: “We are thrilled to partner with Twinsbet.lt, a reputable player in the market. This strategic alliance aligns perfectly with our mission to deliver cutting-edge gaming experiences to players across the Baltics.”

Antonio Donov, Business Development Manager EMEA at CT Interactive, said: “Twinsbet.lt’s dedication to providing top-quality gaming services resonates with our own values. This collaboration opens up new avenues for growth and innovation, allowing us to cater to the diverse preferences of players in the region”.

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Through this deal, games like Chili Fruits, Coffee Magic, Pot-o-Luck, 40 Treasures, Lucky Clover and more will become available at Twinsbet.lt.

“This collaboration with CT Interactive underscores our commitment to delivering unique gaming experiences to our customers. By leveraging CT Interactive’s expertise and innovative solutions, we are confident in our ability to elevate the gaming landscape in Lithuania and beyond”, commented a Gunnar Vilk COO of Twinsbet.lt.

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MARE BALTICUM Gaming & TECH Summit Announces Final Agenda for 2024 Event

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HIPTHER, the premier event organizer in the iGaming and Technology sectors, is thrilled to unveil the final agenda of the highly anticipated MARE BALTICUM Gaming & TECH Summit, packed with expert-led sessions and significant networking opportunities. Scheduled for June 4-5, 2024, at the Hilton Tallinn Park, this annual event serves as the leading platform for learning and networking in the Baltic and Nordic regions. Hosted yearly in a Baltic capital, it attracts top professionals from the iGaming, blockchain, fintech, and artificial intelligence communities.

This year’s event promises to foster groundbreaking discussions and provide actionable insights across several dynamic sectors. The summit will feature an impressive lineup of topics, including “Regulatory Evolution in iGaming: Adapting to the Baltic and Nordic Standards,” “Global Stakes: Navigating iGaming Regulation in Serbia, the USA, Spain, and Austria” and “Financial Evolution: Merging Traditions with Fintech and Blockchain Innovations.”

The MARE BALTICUM Gaming & TECH Summit serves as the main hub for industry leaders to connect, share ideas, and explore new partnerships. The summit’s strategic location rotates among the capitals of the Baltic states, underscoring its importance and central role in shaping the tech and gaming landscapes in the region.

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Zoltan Tuendik, Co-Founder and Head of Business at HIPTHER, stated, “We are proud to host another edition of the MARE BALTICUM Gaming & TECH Summit. Each year, we strive to surpass the expectations of our attendees, providing them with invaluable insights and networking opportunities that are second to none. This year’s agenda is especially significant, tackling some of the most pressing issues facing the industries of our focus.”

Highlights of the summit include:

  • Expert panels discussing the integration of new regulatory frameworks and technological innovations.
  • Networking opportunities with industry leaders and policymakers.
  • Interactive workshops designed to provide hands-on experience in dealing with current challenges and leveraging emerging opportunities.

In addition to the comprehensive conference sessions, the summit will host several networking events, including welcome drinks and exclusive evening parties, offering attendees the chance to form lasting connections with peers and industry leaders.

Professionals from across the globe are invited to join this landmark event to gain deeper insights into the future of these rapidly evolving industries and to network with fellow experts in a collaborative setting.

For more information and to register for the MARE BALTICUM Gaming & TECH Summit, please visit https://hipther.com/events/tallinn/

 

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New Survey Reveals 80% of Lithuanians Would Welcome a Ban on Gambling Ads

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Eight out of 10 Lithuanians would approve of a ban on gambling ads in the country, a new survey revealed.

The survey commissioned by public broadcaster LRT was carried out by the public opinion and market research company Baltijos tyrimai. It showed that 80% of respondents aged 18 years and over are in favour of a complete ban on gambling ads in Lithuania and just 15% would oppose the move.

It has transpired that approval of the gambling ad ban was greater among women than men – 86% against 72% respectively. The move has also wide support among residents aged over 50 (84%) and by people with greater than secondary education and with monthly household income of up to EUR 1100 (85%). Opponents of the ban often include men (21%), young people under 30 years of age (23%), rural residents (18%) and people with unfinished secondary education (30%). 1115 adult residents of Lithuania were polled on 15-25 March.

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In mid-March, parliament began to consider amendments to the law on gambling, which, if adopted, would prohibit gambling advertisements as of 1 January 2025.

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