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Veikkaus and Fintoto merger meets its first year’s financial anticipations

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Veikkaus, the Finnish National Lottery operator revealed that its three-way merger empowered it to acquire its financial anticipations for the first year. Fintoto, Finland’s Slot Machine Association (RAY) and Veikkaus, ever since January 1, 2017, have hooked up with each other, with three companies working hand in hand as a sole entity to materialise the umbrella Veikkaus brand.

For the first year, as an amalgamated business, Veikkaus posted a turnover of €3.21bn ($4bn), while profit came in at €1.02bn for the 12 months to December 31, 2017.Of the total turnover, 58% of this came from the company’s retail sales network, while the remaining 42% was generated by digital channels.

Veikkaus aggrandised its digital business in August of last year by rolling out a new online store, where all games across the three businesses were merged into one account. At year-end, Veikkaus had a customer base of more than two million players.

Veikkaus was also able to exceed the target figure for the amount distributed to beneficiaries in the past year, with this coming in at just over €1bn. In addition, the share of identified gaming of all playing of Veikkaus games rose to 40.6%, up 1.6 percentage points.

Olli Sarekoski, the President and Chief Executive of Veikkaus, said: “The first year of the new Veikkaus was successful in spite of the challenges associated with the integration, and we were able to generate the projected profit to our beneficiaries. Identified gaming helps us to offer our customer’s even more responsible tools for gaming management. Last year we renewed the Veikkaus Card, which now enables our customers to play identified even on slot machines.”

 


Source: European Gaming Media and Events

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SLS Las Vegas to launch sports betting tournament during football season

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SLS Las Vegas to launch sports betting tournament during football seasonReading Time: 1 minute

SLS Las Vegas Hotel & Casino will launch a special sports betting tournament during the upcoming football season. The resort will offer fantasy drafts, food and beverage specials, viewing parties and more during the matches. Starting Thursday, 6th September, whether watching pro football Thursdays, Sundays and Mondays or college football Fridays and Saturdays, Umami patrons can enjoy a variety of game day specials.  The Sayers Club will also host viewing parties Saturdays and Sundays throughout the season on six big-screen televisions.

Guests aged 21 and up are invited to stop by the state-of-the-art William Hill Sports Book to place bets on their favourite teams. Sports book patrons have access to innovative wagering technology, including William Hill’s market-leading mobile betting platform available on iPhone, iPad and Android devices. Additionally, the sports book features an expansive HD video wall for viewing of sporting events and betting odds, as well as fully automated InPlay wagering.

 

Source: focusgn.com


Source: European Gaming Media Latest News

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Authentic Games obtains UK gambling license

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Authentic Games, the Malta-based Live casino specialist has obtained a service provider license from UK Gambling Commission. The license will allow it to provide its whole range of games and products to UK operators and players.

The company’s product range includes the flagship Authentic Roulette product, which live streams from roulette tables located on the floors of premium casino resorts in Malta, USA, Romania, Georgia, Italy and Denmark.

Authentic Gaming recently opened a new Arena studio in Malta, and has a client list that includes Leo Vegas, Mr Green, and all Kindred Group brands including Unibet.

The studio contains six Live Auto Roulette tables with four different game formats: Classic Roulette, Speed Roulette, VIP Roulette and a never-seen-before variant, Blaze Roulette.

Blaze Roulette is set against a game show backdrop. The game table is lit with LED lights, and a giant video wall that completes the showbiz theme. Blaze is the only “game show” style Live Roulette game dedicated to roulette players.

Jonas Delin, CEO of Authentic Gaming, said in a statement Monday: “The UK is a key market for us as we continue to expand into regulated jurisdictions around the world. With nearly half of our client base holding a UKGC licence, we are eager to bring our games to market.”

 

Source: reviewed-casinos.com


Source: European Gaming Media Latest News

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Crown Resorts’ profits suffer massive dip

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Crown Resorts’ profits suffer massive dipReading Time: 1 minute

The company has reported its full-year results, which fell to US$558.9 million.

Crown Resorts, one of the biggest gaming and entertainment groups in Australia, reported a steep fall in its profits. According to the latest financial results, the company’s profits have decreased by 70 per cent to US$558.9 million. This is significant because the company sold its facilities and business ventures in Macau last year.

This has been a problem year for Crown Resorts. Its board member James Packer left the company and 19 of its executives were arrested in China. However, not everything is lost. Despite the 70 per cent dip in net profit, there is a 12.7 per cent increase in normalised profit to US$385.6 million. It also registered a 5.4 per cent increase in operating revenue to US$3.4 billion.

John Alexander, Executive Chairman of Crown: “Crown’s full-year result reflects a solid performance from our Melbourne operation and continued subdued trading in Perth. VIP program play turnover in Australia of US$51.5 billion (up 54.5 per cent) was a pleasing outcome, particularly at Crown Melbourne (up 73.9 per cent), given the difficult trading conditions.”


Source: European Gaming Media Latest News

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