Latest News

Lottomatica Group reports strong growth for FY 2023

Published

11 months ago

February 29, 2024

Reading Time: 2 minutes

The Board of Directors of Lottomatica Group S.p.A. reviewed and approved the draft of the Consolidated Financial Statements, the Consolidated non-financial report and the draft of the Financial Statements of the parent company for the year ended 31 December 2023.

FY 2023 Results summary2

● Bets of €30.1 billion, +18% compared to FY 2022 pro forma3 (+32% reported)

● GGR4 of €3,864.2 million, +6% compared to FY 2022 pro forma (+9% reported)

o Total Online market share: at 21.7% in Q4 (+3.7pp versus Q4 2022)

o iSports market share: at 22.1% in Q4 (+4.2pp versus Q4 2022)

o iGaming market share: at 21.5% in Q4 (+3.7pp versus Q4 2022)

● Revenues of €1,632.5 million, +12% compared to FY 2022 pro forma (+17% reported)

o Online of €520.8 million, +33% compared to FY 2022 pro forma (+58% reported)

o Sports Franchise of €368.2 million, +8% compared to FY 2022

o Gaming Franchise of €743.5 million, +2% compared to FY 2022

● Adjusted EBITDA5 of €595.7 million at normalised1 payout above €550 – €570m of IPO guidance and €570 – 590 million of upgraded guidance in July (€580.4 million actual, +17% compared to FY 2022 pro forma)

● Operating cash flow6 of €469.6 million

● Adjusted Net Profit7 of €215.9 million, +29% compared to FY 2022 pro forma

● Net financial debt of €1,248.7 million equivalent to 2.1x on run rate Adjusted EBITDA8

● Dividend payment proposal: €0.26 per ordinary share

● FY 2024 Guidance (excluding SKS365 and related synergies): €1,800-1,8451 million of revenues, €625-6451 million of Adjusted EBITDA (c. 53% of Adjusted EBITDA contributed by the Online segment), c. €70-75 million of recurring capex, c. €60 million of retail concession capex, and c. €16m of online concession capex, c. €30-50 million of special growth initiatives and c. €89 million of deferred consideration. An updated guidance will be provided after the closing of the SKS365 acquisition, which is expected to occur during the first half of 2024.

Guglielmo Angelozzi, Chief Executive Officer of Lottomatica Group, commented: “2023 marked a very strong year for our group, in which we consolidated our leadership position across all segments and brands. We exceeded expectations set at IPO and subsequent upgrades, with revenues of €1,632 million and Adjusted EBITDA of €596 million at normalised payout (€580 million actual). We continued to grow both organically, increasing market share for the fifth quarter in a row, and through M&A, signing the acquisition of SKS365 and executing our bolt-on strategy.

Our objectives for 2024 are to strengthen our leadership position in both the Online and Sports Franchise segments through product and technology innovation, further develop the omnichannel model while managing efficiently our portfolio of brands and focus on the integration of SKS365.

I wish to thank all the Lottomatica people for their commitment in the achievement of these amazing results, our Board members for their continued support and our investors for their trust.”

Latest News

IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension

Published

2 hours ago

January 23, 2025

George Miller

Reading Time: < 1 minute

International Game Technology PLC announced that its subsidiary, IGT Global Services Limited, has signed a seven-year contract with the Thuringian State Lottery (“LOTTO Thüringen”) in Germany to deploy its retail central system technology, Aurora™, and related software upgrades. The contract term will begin upon go-live of the new platform, planned for March 2026.

An integral part of OMNIA™, IGT’s player-centric, omnichannel solution for lotteries, Aurora helps drive lottery innovation and profitability. The platform will provide intuitive, user-friendly applications, tools and reporting capabilities which will handle all of LOTTO Thüringen’s transaction processing, game management and back-office operations.

“LOTTO Thüringen has relied on IGT’s versatile and strong-performing central system technology throughout the course of our decades-long relationship,” said Jochen Staschewski, LOTTO Thüringen Chief Executive Officer. “Upgrading our central retail system to IGT’s advanced platform and back-end software will enable us to streamline our business processes and continue operating with the highest levels of efficiency.”

“IGT’s retail central system incorporates a suite of flexible solutions designed to help manage, transform and further grow LOTTO Thüringen’s business,” said Jay Gendron, IGT Chief Operating Officer, Global Lottery. “With this long-term contract extension, LOTTO Thüringen is well-positioned to continue benefiting from IGT’s secure, responsible and modernized technology and software. Leveraging these best-in-class solutions will aid in the Lottery’s goals of supporting good causes throughout the state.”

The post IGT Modernizes Central Lottery System for LOTTO Thüringen in Germany via Seven-Year Contract Extension appeared first on European Gaming Industry News.

Latest News

Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot!

Published

4 hours ago

January 23, 2025

George Miller

Reading Time: < 1 minute

The new title from leading Spanish e-Gaming provider MGA Games is an innovative game with a truly original theme: a journey through carnival festivities filled with legendary creatures. Its design combines the excitement of street parties with the richness of mythological creatures from around the world, providing a totally unique experience.

This new casino slot features 25 paylines, with winning combinations paid from left to right. By landing 3 or more Scatter symbols, players gain access to the Free Spins screen, which includes an innovative prize system. Players can enjoy an accumulator feature and a final Super Respin spin that awards the accumulated winnings. It also includes Money and Collect symbols, which when combined offer an additional bonus prize.

Global Audience
By showcasing mythologies from all over the world, the game is set to appeal to a global audience, enhancing its market potential and attracting players from various countries. Its visual and auditory elements, featuring vibrant graphics and immersive music, will captivate players and deliver a fully immersive experience in a fantastic world.

In this new release, every spin of the reels will surprise players with its themed symbols. As if that weren’t enough, the game features an optional Buy Free Spins button, speeding up the path to big rewards. Mythical Legends Carnival will be available in all of Spain’s best online casinos starting February 3rd and across .com markets from January 27th.

The post Prepare to be Amazed in Mythical Legends Carnival, a Mythic Video Slot! appeared first on European Gaming Industry News.

Latest News

ZITRO’S EXCEPTIONAL BOOTH MAKES A STRONG IMPACT AT ICE BARCELONA 2025

Published

4 hours ago

January 23, 2025

George Miller

Reading Time: 2 minutes

Zitro has announced the tremendous success of its participation in ICE Barcelona 2025. The booth itself was a showstopper —spectacular in every sense—drawing widespread admiration from attendees. Described by some as “sending a message,” the booth stood as proof of the company’s ability to deliver innovative products and an unparalleled showcase that reinforced its position as one of the leaders in the global gaming industry.

Visitors experienced firsthand the remarkable progress the company has made in expanding and diversifying its product range. At the forefront of the showcase was the all-new CONCEPT cabinet line featuring Concept Prime, Concept Prime-J, and Concept Deluxe. The event also marked the European debut of Zitro’s latest game lineup for both the CONCEPT and GLARE cabinet lines, which includes Legendary Sword, Fairyland Quest, Lucky Vault, Cash Totems, Triple Charm Journey, Merging Fu Pots, King Fu Frog. among others. Each title introduces different gameplay mechanics paired with high-quality graphics, animations, and sound.

Zitro’s Mega Lounge has demonstrated impressive performance in key markets such as Portugal, Italy, Argentina, Peru, Paraguay, Costa Rica, Greece, and, more recently, Guatemala. At ICE Barcelona, the company unveiled the Grand Mega Lounge that incorporates the CONCEPT cabinet line, featuring existing and new games with both Grand Mega and Mega jackpots.

Zitro also highlighted the success of its Wide Area Progressive (WAP) product line. Recent launches in Panama, Costa Rica, and Peru have generated great enthusiasm, while Argentina saw the debut of Zitro’s first WAP this past December with more than 45 slot cabinets across five gaming halls at the prestigious Hipódromo de Palermo.

Additionally, Zitro announced the expansion of its digital gaming portfolio into the newly regulated Brazilian iGaming market. The division continues to expand its portfolio with new titles and upcoming seasonal games for Valentine’s Dayck’s D and Saint Patriay. It has also introduced various promotional tools to support operators in commercializing its games.

Commenting on the success of ICE Barcelona 2025, Sebastian Salat, President – International at Zitro, stated: “Zitro’s participation at ICE focused on reinforcing its commitment to becoming a global leader, capable of meeting the needs of casino operators anywhere in the world. The event provided an excellent platform to showcase the breadth and diversity of our gaming portfolio and connect with clients. Zitro is deeply grateful for the support received and remains committed to delivering value to operators and players worldwide.”

The post ZITRO’S EXCEPTIONAL BOOTH MAKES A STRONG IMPACT AT ICE BARCELONA 2025 appeared first on European Gaming Industry News.