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Betsson Announces Trading Update for Q2 2023

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Betsson AB has posted a trading update ahead of its Q2 2023 trading results.

Q2 2022 Trading Update

  • Revenue for the second quarter 2023 is expected to be around EUR 235.5–237.5 million, which is the highest level ever for Betsson in a single quarter.
  • Operating profit (EBIT) is estimated to be around EUR 53.5–55.0 million for the quarter, which is a new record and above the analyst consensus estimate for the period. Increased revenue and Betsson’s scalable business model have contributed to the high level of operating profit.

The second quarter 2023 has been characterised by continued high customer activity both in casino and sports betting, which has resulted in a strong financial development for Betsson.

The preliminary sportsbook margin was approximately 8.2% for the quarter, which is in line with the corresponding quarter last year (8.3%) but higher than the rolling average for the last eight quarters (7.8%).

Group revenue increased in all regions compared to the corresponding quarter in the previous year, and the revenue split by region is expected to be approximately the following: Nordics 22%, Latin America 22%, Western Europe 11%, Central & Eastern Europe and Central Asia (CEECA) 43% and Rest of the World 2%.

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License revenue for system delivery to B2B customers is expected to amount to EUR 64.0–65.5 million in the quarter, corresponding to approximately 27% of Group revenue.

The average daily revenue so far in the third quarter 2023, up until and including 9 July has been 13.7% higher than the average daily revenue of the full third quarter 2022. Adjusted for currency effects and acquisitions, the average daily revenue until and including 9 July has been 22.6% higher than the average daily revenue of the full third quarter 2022.

According to plan, on July 5, 2023, the acquisition of betFIRST, one of the leading gambling operators in Belgium, was completed.

All the above mentioned figures are solely estimates and have not been reviewed by the company’s auditor. Complete information will be reported in connection with Betsson AB’s interim report for the second quarter, which will be published on July 20, 2023.

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SUZOHAPP Appoints Geoff McDowell as New President

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SUZOHAPP has announced the appointment of Geoff McDowell as its new President, effective October 1, 2024.

McDowell previously worked at SUZOHAPP from 2010 to 2017, successfully leading the gaming business in Australia and Asia. He rejoins the company from Coinflip, a global digital currency platform, where he was SVP/GM of US Kiosks. Prior to that, he held the position of CEO of Atlas Gaming Pty Ltd, an Australian developer of proprietary gaming content and products.

“We are thrilled to welcome Geoff back to our global leadership team to lead one of our core divisions. His proven track record in growth and strategy execution will be invaluable as we continue to serve our customers and achieve strong results. We also extend our gratitude to Sim Bielak for his years of dedicated service and leadership at SUZOHAPP,” said Drew Scielzo, ACON Partner.

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Geoff McDowell is excited about his return and the opportunity to drive SUZOHAPP’s success. “SUZOHAPP is an exciting company with tremendous growth potential and a strong team. I look forward to embracing this new challenge in an industry I am passionate about,” he said.

The post SUZOHAPP Appoints Geoff McDowell as New President appeared first on European Gaming Industry News.

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Amusnet Releases Showtime Roulette 500x

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Amusnet has released Showtime Roulette 500x, where entertainment meets innovation. This fast-paced European roulette reinvents the classics, featuring a host who presents, entertains and spins the wheel for a seamless, engaging experience. With every spin, a random multiplier can increase the payouts by 50x, 100x, 150x, 200x, 250x and 500x for a thrilling experience. Showtime Roulette 500x offers a fantastic gaming experience that is sure to entertain and captivate players.

What truly sets this game apart is its groundbreaking customisation capabilities. Leveraging advanced chroma technology, operators can transform the game environment to reflect their unique brand identity. The possibilities are endless, from integrating their logos to designing bespoke background themes. This level of personalisation enhances brand visibility and delivers a tailored, immersive gaming experience that resonates with players, making every session feel distinctively crafted.

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GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office

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Groupe Partouche has acquired a building, strategically located at Place de l’Etoile in Paris, at 10 avenue de la Grande Armée.

With a surface area of over 8000 m² spread over seven levels, this building will undergo development work to accommodate its Parisian gaming club currently located on rue de Berri.

This building will also house the headquarters of Groupe Partouche.

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The post GROUPE PARTOUCHE: Acquisition of a Building at the Foot of the Arc De Triomphe to House its Parisian Gaming Club and its Head Office appeared first on European Gaming Industry News.

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