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Industry Awards

Jumbo Appoints New CFO as Financial Results Climb

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Sharing its financial results for the six-month period ending December 31, 2023, 1H23, Jumbo Interactive also confirmed Jatin Khosla has begun his new role as chief financial officer.

Revenue for 1H23 reached $73.9m, up 18.4% over the 1H22 figure. Underlying EBITDA was also up 15.5% to $35.1m.

Jumbo CEO and founder Mike Veverka said: “1H23 was a tough comparative period with three $100m+ jackpots including a $160m Powerball. We are very pleased with the solid 1H24 revenue growth in lottery retailing despite slightly lower ticket sales and subdued jackpots. Looking ahead, the second half of FY24 has started extremely well with a record $200m Powerball in February, our best draw to date.

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“Despite the final step-up in The Lottery Corporation service fee, disciplined cost management and strong revenue growth resulted in lottery retailing EBITDA margin expansion in the half. Revenue growth from our international subsidiaries was in line with our mid to high single digit growth expectations, with these businesses now representing almost 20 per cent of group revenue.”

Kholsa was announced as the interim CFO last October, but now he officially takes on the role.

Industry Awards

Singular wins ‘Best Gaming Online Betting Platform of the Year’ at MiGEA 2024

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Singular, an international iGaming software provider and part of Flutter Entertainment, has been awarded ‘Best Gaming Online Betting Platform of the Year’ at the recent Malta’s Gaming Excellence Awards (MiGEA), an annual event that celebrates companies and individuals for their continuous contribution to growth, innovation, and accomplishments within the iGaming industry.

This is the second award that Singular ever received from MiGEA, as the company previously won the ‘Best iGaming Technology & Media Provider of the Year’ award at the 2022 ceremony. In addition to this year’s award, Singular was also nominated in two other categories in 2024, ‘Best Gaming Technology Provider of the Year’ and ‘Best Omni-Channel Provider of the Year’.

“We are honored to be recognized with such a prestigious award at the recent MiGEA ceremony. This achievement is a testament to our team’s hard work, and it serves as great motivation to continue investing in our iGaming platforms and give the brands we support a competitive edge at all times,” comments Phil Garner, Singular’s Managing Director. “We’re all proud of this recognition and are looking forward to even greater success for both Singular and Flutter Entertainment.”

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As a Flutter technology provider, Singular is also part of the Flutter Edge, the Group’s distinctive, global competitive advantage across talent, technology, product and capital. This enables a great exchange of knowledge and expertise across teams, brands, and even divisions, and allows Flutter brands to remain at the forefront of the industry with their platform solutions.

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Industry Awards

Slotsoo Casino Awards Is Back – Check Out the Seven Winners for 2024

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Slotsoo is back with another edition of their Casino Awards. The competition was fierce, and most of the trophies went to different operators compared to last year. Continue reading to find out who the seven winners were this time, and to be the first to hear about Slotsoo’s newest ventures.

The Casinos that Received Legendary Status
This year, the following casinos made it into “The Seven”:

  1. The Gambling GOAT– Slotshammer
  2. The Bonus Buff– Scarabet
  3. The Loyalty Lord– Rollino
  4. The Withdrawal Wizard– Rakoo
  5. The Gamification Guru– Hit’n’Spin
  6. The Payout Professor– Stupid Casino
  7. The Noisy Newcomer– Gangsta Casino

The main trophy, The Gambling GOAT, goes to the overall best casino. Last year, during the inaugural ceremony, it was the Campeon Affiliates site Svenbet that won it. At the Slotsoo Casino Awards 2024, the prize went to their other brand Slotshammer.

Campeon also scored a second trophy this year, with their newest casino Scarabet. The rest five trophies were awarded to different operators compared to last year. Markus Björk, head writer at Slotsoo, congratulates all the winners and explains that this is a sign of the fierce competition and the constant innovation in the iGaming industry:

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“The fact that most of the trophies went to new operators shows that nobody is safe. Existing companies need to constantly keep innovating or they will risk losing their shares to newcomers. European casino players in 2024 rank value above everything else.”

Expansion of the Casino Awards to Local Markets

This Spring, Slotsoo also held their first casino awards for one of their language versions. The Finnish Kasinogaala 2024 had the trophies and names modified to fit the local market, but the core idea of the different trophies remained the same: Fun categories that resonate to players.

An 8th trophy was introduced for the casino with the best streaming services. With this award they wanted to highlight the interactive and social nature of casino gaming. Playing online slots in 2024 is not about sitting alone in a dark basement staring at a big screen.

What Else Is New at Slotsoo? Pragmatic Play Tournaments

While many businesses are enjoying a relaxing break during the summer months, Slotsoo is in full swing to grow their website. Earlier this week, they launched free slot tournaments. This new project is a cooperation with Pragmatic Play and one of the main goals is to get more people interested in slots.

In the Slotsoo Social Tournaments, participants have the chance to win gift cards, without putting their own money at risk. The currently ongoing July tournament started a few days early and offers a 500€ Amazon gift card as the grand prize. The winner is the one who manages to get the biggest total win in the fish-themed slot Big Bass Floats My Boat with 50 spins.

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The tournaments are open to all adults that live in the EU/EEA region, except for a few restricted countries. Markus Björk hopes that the monthly tournaments will gain a lot of popularity, and informs that they also have a special Honor & Glory tournament:

“The Honor & Glory tournament lasts until the end of 2024 and consists of 1000 spins to the game Gates of Olympus 1000. If more than one million people register to the tournament the winner will get a really cool secret prize worth a lot of money. If there are 999 999 participants or less, then they just win honor and glory.“

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Industry Awards

SolutionsHub Wins ‘Best eGaming Service Provider’ at the 2024 Worldwide Finance Awards

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SolutionsHub, a leading provider of specialized eGaming services, is proud to announce its prestigious win as the ‘Best eGaming Service Provider’ at the 2024 Worldwide Finance Awards. Hosted by Acquisition International, this award recognizes trailblazers and innovators.

The Worldwide Finance Awards, now in its ninth year, celebrate excellence within the global financial sector. These awards honor leaders, innovators, and visionaries who have significantly contributed to the evolution and growth of the financial industry. This year’s awards focused on recognizing institutions that have exhibited resilience, adaptability, and commitment to innovation amid unprecedented global challenges.

The financial sector plays a vital role in maintaining economic stability by providing essential services such as lending, investment, and risk management. The Worldwide Finance Awards 2024 highlighted the industry’s efforts in embracing cutting-edge technologies, such as artificial intelligence, machine learning, and blockchain, to enhance operational efficiency, improve customer experiences, and develop innovative products and services. Furthermore, the awards recognized the sector’s strides towards sustainability by integrating ESG principles into investment strategies and supporting climate change initiatives.

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Winning the ‘Best eGaming Service Provider’ award underscores SolutionsHub’s dedication to excellence and innovation in the eGaming sector. The company has consistently demonstrated its ability to navigate complex regulatory landscapes, deliver bespoke solutions, and drive growth for its clients in the eGaming industry.
“We are honored to receive this recognition,” said Chris Reilly, Group Commercial Director of SolutionsHub. “This award reflects our team’s hard work, expertise, and commitment to providing exceptional service to our clients. We remain dedicated to leading the eGaming industry with innovative solutions and unparalleled support.”

The Worldwide Finance Awards 2024 involved a rigorous evaluation process conducted by an impartial panel of experts. Nominees were assessed based on criteria including client dedication, innovation, business growth, longevity, online reputation, client feedback, and business performance. SolutionsHub’s recognition is a testament to its outstanding achievements and contributions to the eGaming sector.

SolutionsHub remains committed to advancing the eGaming industry by leveraging its expertise and innovative approach to meet the evolving needs of its clients. The company will continue to build on its success, driving growth and delivering exceptional value.

The post SolutionsHub Wins ‘Best eGaming Service Provider’ at the 2024 Worldwide Finance Awards appeared first on European Gaming Industry News.

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