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INTRALOT announces its financial results for the nine-month period in 2018, prepared in accordance with IFRS

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INTRALOT announces Revenue on par (+0.5%), consolidated EBITDA contraction (-6.6% y-o-y) following FX turmoil in key markets, and stable organic EBITDA y-o-y for 9M18

INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and operations leader, announces its financial results for the nine-month period ended September 30th, 2018, prepared in accordance with IFRS.

    Revenue and EBITDA growth of +10.3% and +9.3% year over year respectively on a constant currency basis.

    Group Revenues at similar levels in 9M18, compared to 9M17 (+0.5%).

    EBITDA in the nine-month period lower by 6.6% year over year.

    EBITDA margins on sales and on GGR contracted by 1.1pps (at 14.4%) and 1.5pps (at 28.6%), respectively.

    EBT concluded to €46.3m higher by 85.2% vs. 9M17. EBT margin developed to 5.8% (+2.7pps vs. 9M17).

    NIATMI (Net Income After Tax and Minority Interest) from continuing operations improved by €11.7m vs. last year, developing to €-11.0m.

    Operating Cash Flow in 9M18 below last year by €-60.2m.

    Net Debt stood at €598.5m, up €87.8m compared to December 31st 2017.

    On September 5th, 2018, INTRALOT announced the signing of a 10-year contract with the German State Lottery “LOTTO Hamburg GmbH” for the provision of a new Lottery System Platform based on LotosX.

    On October 10th INTRALOT announced a 10-year contract with the Croatian State Lottery “Hrvatska Lutrija” for the implementation of the new integrated LotosX ecosystem and the provision of operational support.

    In late October 2018, INTRALOT signed a 2-year contract extension with the New Mexico Lottery along with the green light to be the provider of the New Mexico Sports Lottery Game available through the Lottery’s entire retail network.

    On November 21st, 2018, Inteltek, the business partnership of Turkcell and Intralot, capitalizing on 15 years of successful operation of the iddaa game, announced its plans for the creation of a global research and software development center in the area of mobile games in Turkey.

OVERVIEW

 

9M18 INFOGRAPHIC

 

 

Group Headline Figures

(in € million) 9M18 9M17 %

Change

3Q18 3Q17 %

Change

LTM
Revenues (Turnover) 798.6 794.7 0.5% 251.0 260.0 -3.5% 1,108.1
GGR 401.3 409.3 -2.0% 125.7 135.5 -7.2% 571.1
EBITDA 114.9 123.0 -6.6% 34.8 40.9 -14.9% 163.4
EBITDA Margin (% on Revenue) 14.4% 15.5% -1.1pps 13.9% 15.7% -1.8pps 14.8%
EBITDA Margin (% on GGR) 28.6% 30.1% -1.5pps 27.7% 30.2% -2.5pps 28.6%
Adjusted EBITDA[1] 89.7 93.7 -4.3% 26.1 31.2 -16.6% 127.1
EBT 46.3 25.0 85.2% 13.8 7.5 85.3% 31.6
EBT Margin (%) 5.8% 3.1% +2.7pps 5.5% 2.9% +2.6pps 2.9%
NIATMI from continuing operations -11.0 -22.7 51.5% -7.9 -7.1 -11.3% -46.9
NIATMI from total operations -11.0 -32.0 65.6% -7.9 -6.2 -27.4% -32.4
Total Assets 929.3 1,333.1
Gross Debt 749.8 987.0
Net Debt 598.5 497.0
Operating Cash Flow 60.3 120.5 -50.0% 23.6 43.3 -45.5% 93.8

 

 

“INTRALOT has successfully won new projects in the past two months such as Lotto Hamburg and the Croatian Lottery as well as extended its New Mexico contract in the US; in the latter case including approval for a new sports prognostics game, available through the entire retail footprint of the lottery. All these projects will apply new technological solutions developed by INTRALOT, reflecting the positive prospects created by our significant investments in the last two years. We are also looking forward to the commencement of our operations in Illinois, a project that has heavily impacted our financials in 9M18. Such developments confirm our positive outlook after the current transition year according to our business plan.”

INTRALOT Group CEO Antonios Kerastaris noted:

“INTRALOT has successfully won new projects in the past two months such as Lotto Hamburg and the Croatian Lottery as well as extended its New Mexico contract in the US; in the latter case including approval for a new sports prognostics game, available through the entire retail footprint of the lottery. All these projects will apply new technological solutions developed by INTRALOT, reflecting the positive prospects created by our significant investments in the last two years. We are also looking forward to the commencement of our operations in Illinois, a project that has heavily impacted our financials in 9M18. Such developments confirm our positive outlook after the current transition year according to our business plan.”

OVERVIEW OF RESULTS

WAGERS HANDLED

During the nine-month period ended September 30th, 2018, INTRALOT systems handled €15.0b of worldwide wagers (from continuing operations[2]), a 3.2% y-o-y decrease. Africa’s wagers increased by 17.6% (driven by Morocco’s performance), East Europe’s by 8.0% (affected by the TRY currency devaluation), South America’s by 4.9% (affected by the Argentinean Peso movement), West Europe’s by 4.8%, North America’s by 2.1% (FX driven), and Asia’s by 2.0%.

REVENUE

  • Reported consolidated revenues slightly higher compared to 9M17, leading to total revenues for the nine-month period ended September 30th, 2018, of €798.6m (+0.5%).
  • Sports Betting was the largest contributor to our top line, comprising 57.8% of our revenues (posting a 6.8% revenue growth, year over year), followed by Lottery Games contributing 30.5% to Group turnover. Technology contracts accounted for 6.2% and VLTs represented 2.8% of Group turnover while Racing constituted the 2.7% of total revenues of 9M18.
  • Reported consolidated revenues for the nine-month period are up by €3.9m year over year. The main factors that drove top line performance per Business Activity are:
  • €+14.8m (+2.7%) from our Licensed Operations (B2C) activity line with the increase attributed mainly to higher revenues in:
  • Bulgaria (€+16.2m), mainly following the growth in Virtual Sports and Racing; with the growth in both types of games in part fueled by the increasing Payout,
  • Azerbaijan (€+11.5m), driven by the enhanced Sports Betting portfolio (both retail and online),
  • Poland with additional revenues of €8.3m due to the growth of the interactive Sport Betting channel (following market regulation) and the introduction of Virtual Games in 2Q17,
  • in part offset by the impact of the suspended license in Cyprus in 4Q 2017 (€-12.1m),
  • and the lower recorded revenues, in Euro terms, from our Argentinean[3] licensed operations (€-5.8m). In local currency, 9M18 results posted a c.+45.0% year over year increase (higher compared to the 2015-2017 CAGR of c.27.0%), heavily affected though by the local currency fluctuations (c.64.0% Euro appreciation versus a year ago – in YTD average terms), with that being the key driver for the worsening performance in Euro terms in the nine-month period.
  • €+0.1m (+0.1%) from our Management (B2B/ B2G) contracts activity line with the positive variance driven by:
  • Morocco’s (€+4.0m or c.+26% y-o-y growth) Sports Betting sales uplift attributed to the enhanced product offering,
  • absorbing the deficit, in Euro terms, from our Turkish operations (€-3.1m). In local currency, 9M18 revenue showcased a c.+31.0% increase attributed both to the growth of the Sport Betting Market year over year (c.+24.0% in local currency) and the shift towards Online Sports Betting (slightly over 60% sales mix participation vs. about 50% a year ago). Nevertheless, the benefit of the Sports Betting market expansion and mix change has been fully counterbalanced by the devaluation of the local currency (c.38.0% Euro appreciation versus a year ago – in YTD average terms).
  • €-11.0m (-6.7%) from our Technology and Support Services (B2B/ B2G) activity line with the decrease attributed mainly to:
  • Australia’s lower recorded revenue (€-5.2m) largely as a result of a software license right sale in 2Q17 coupled with adverse local currency movement (c.8.4% Euro appreciation – in YTD average terms),
  • lower sales in Greece (€-4.4m) driven by the transition to the new OPAP contract, after July, that has a smaller contract value, due to its limited scope (vs. the previous contract), specifically in the field of numerical games,
  • Argentina’s[4] lower recorded sales in Euro terms (€-3.4m) as a result of the significantly adverse FX movement. In local currency, 9M18 results posted a c.+38.0% year over year increase (higher compared to the 2015-2017 CAGR of c.32.0%), heavily affected though by the local currency fluctuations (c.64.0% Euro appreciation versus a year ago – in YTD average terms), and to
  • our US operations’ lower revenues in Euro terms (€-1.2m) impacted by the adverse USD movement (c.7.0% Euro appreciation versus a year ago — in YTD average terms). In local currency base our US operations presented a c.5.0% increase driven by the improved contract terms (e.g. Idaho) and higher equipment sales vs. a year ago (Massachusetts driven), thus, fully absorbing the impact of the expired contract in South Carolina,
  • in part offset by the maturing Chilean contract (€+1.9m) that went live in early 1Q17.
  • On a quarterly basis, revenues decreased by 3.5% compared to 3Q17, leading to total revenues for the three-month period started in July 1st, 2018, and ended in September 30th, 2018, of €251.0m. Decreased revenues for the quarter (€-9.0m) are primarily the result of Turkey’s and Argentina’s FX impacted revenues, the lower sales in Greece (OPAP driven), the Cyprus suspended SB license, the US (last year’s high Powerball Jackpot in 3Q17 and the discontinuation of our South Carolina contract), and Poland (increasing competition), in part offset by Azerbaijan’s and Bulgaria’s better top line performance
  • Constant currency basis: In 9M18, revenues — net of the negative FX impact of €78.3m —reached €876.9m (+10.3% y-o-y), while 3Q18 revenues — net of the negative FX impact of €30.2m – reached €281.2m (+8.1% y-o-y).

GROSS GAMING REVENUE & Payout

  • Gross Gaming Revenue (GGR) from continuing operations decreased by 2.0% (€-8.0m to €401.3m) year over year driven by:
  • the significant drop in the non-payout related GGR (€-11.6m vs. 9M17), largely due to the revenue shortfall in Australia (software license right sale in 2Q17), Greece (OPAP driven), US (Powerball and SC discontinuation) and FX impacted sales in Turkey and Argentina; counterbalanced by the stronger top line in Morocco,
  • in part offset by the increase in our payout related GGR (+2.2% y-o-y or €+3.6m), following the stronger top line growth of our licensed operations (+2.9% y-o-y on wagers[5]) which came at a slightly increased YTD average Payout. YTD Average Payout Ratio was up by 0.2pps vs. LY (70.7% vs. 70.5%) primarily due to an increasing weighted contribution from Bulgaria (Payout and wagers driven), Poland (wagers driven), and Azerbaijan (wagers driven) counterbalanced by the suspended license in Cyprus in 4Q 2017, Brazil (decreasing wagers contribution) and Argentina (wagers and payout driven).
  • In 3Q18, GGR from continuing operations decreased by -7.2% (or €-9.8m) year over year driven by:
  • the decrease of the non-payout related GGR (-14.1% y-o-y or €-11.4m) largely due to the FX impacted revenues in Turkey and Argentina, Greece’s revenue shortfall (OPAP driven), and our US operations’ decreased revenues as a result of last year’s high Powerball Jackpot in 3Q17 and the SC contract discontinuation,
  • partially counterbalanced by the increase in our payout related GGR (+2.5% y-o-y or €+1.4m) following the better top line performance of our licensed operations (+1.3% y-o-y on wagers5) supported further by a lower recorded average Payout Ratio. In 3Q18 the average Payout Ratio improved by -0.4pps vs. 3Q17 (69.0% vs. 69.4%).
  • Constant currency basis: In 9M18, GGR — net of the negative FX impact of €54.9m —reached €456.1m (+11.4% y-o-y), while 3Q18 GGR — net of the negative FX impact of €21.6m – reached €147.3m (+8.7% y-o-y).

EBITDA & EBITDA MARGINS[6]

  • EBITDA, from continuing operations, developed to €114.9m in 9M18, posting a decrease of 6.6% (€-8.1m) compared to the 9M17 results. On an organic level[7], growth fully absorbed LY’s software license right sale in Australia, Powerball impact along with the SC contract discontinuation and the IL implementation expenses in the US, OPAP’s new contract scope, and Bit8’s first time consolidation but could not fully absorb the extremely adverse FX movement across markets (mainly Turkey, Argentina, Australia and the US).
  • The main drivers for the decrease in 9M18 EBITDA, besides the 9M18 GGR decrease, are:
  • the deterioration in the OPEX margin (-1.7% over GGR); mainly driven by the deterioration of the respective B2B/ B2G OPEX margin as a result of the increased administrative expenses (US mainly) and advertising expenses (largely driven by the increased marketing expenses in Turkey related to our Online Sport Betting activity), coupled with penalty provisions in Morocco (based on a performance reconciliation mechanism). The impact of the first-time consolidation of Bit8 has been fully offset by Intralot HQ OPEX savings/ phasing.
  • the decrease in the Other operating income in 9M18, which totaled €11.3m compared to €13.0m in 9M17, mainly driven by the less equipment lease income in USA (following the recent contract renewal in ID; the shortfall, in local currency terms, has been more than recouped from the increased revenue), coupled with the adverse USD movement against the Euro.
  • partially offset by the improvement in the Taxes & Agent Fees margin (+0.5% over GGR), driven by the improvement in the respective B2B/B2G margin as a result of a more favorable sales mix in the retail Sports Betting segment in Turkey,
  • and the improvement in the Rest of Cost of Sales margin (+0.2% over GGR) driven mainly by the improvement in the margin of the B2B/ B2G contracts, that fully absorbed the SC contract discontinuation and IL implementation expenses’ impact.

  • On a yearly basis, EBITDA margin on sales, has been impacted by the worsening margins of the B2B/ B2G segment, decreasing to 14.4% compared to 15.5% in 9M17 mainly due to Australia’s software license right sale in 2Q17, OPAP’s new contract scope, US Powerball impact in 3Q17, SC contract discontinuation, IL implementation expenses and first-time consolidation of Bit8.
  • On a quarterly basis, EBITDA decreased by -14.9% to €34.8m, mainly due to OPAP impact, US Powerball in 3Q17, Admin Cost increase, SC contract discontinuation, IL implementation expenses’ impact, and adverse FX vs. a year ago.
  • On a quarterly basis, EBITDA margin on GGR, deteriorated to 27.7% compared to 30.2% in 3Q17, as a result of the B2B/ B2G segment margin contraction following mainly the impacts from US Powerball in 3Q17, SC contract discontinuation, IL implementation expenses’ impact, OPAP impact, and the first-time consolidation of Bit8.
  • LTM EBITDA developed to €163.4m posting a decrease of -3.6% vs. 1H18.
  • Constant currency basis: In 9M18, EBITDA, net of the negative FX impact of €19.6m, reached €134.5m (+9.3% y-o-y) while 3Q18 EBITDA, net of the negative FX impact of €7.7m reached €42.5m (+3.8% y-o-y).

 

EBT / NIATMI

  • EBT in 9M18 totaled €46.3m, significantly higher compared to €25.0m in 9M17. The impact of the decreased EBITDA described above (y-o-y: €-8.1m) was completely counterbalanced by the significantly better FX results (mostly unrealized) (€+16.2m vs. 9M17) driven mainly by the better USD performance against the local currencies (e.g. high portion of Cash and Cash equivalents in Turkish Entities are held in USD) — being in part offset though by the deterioration of local currencies against EUR, the better Net Interest results (€+7.6m) driven mainly by higher Finance Income (including a legal case won, and Turkey’s Interest Income on Cash & Cash Equivalents) and of a lower Finance Expense (lower LG expenses, lower charge from interest bearing liabilities, and part of the prior year accelerated amortization, amounting to €3.5m, due to Refinancing of 2017), the better results derived from the equity method consolidation of associates (€+1.8m vs. 9M17; benefited by the better performance of our equity investment in Peru and the full consolidation of Bit8 in 4Q17), the lower D&A for the period (favorable impact: €+1.7m vs. 9M17), the higher income from participations/investments (€+1.5m; assisted mainly by the higher dividend received from our investment in Hellenic Lotteries in 2Q18), and the lower impairments of assets for the period (€+0.6m).
  • In 3Q18, the significantly better FX results (mostly unrealized) (€+8.3m driven by the USD performance against the local currencies), and the better Net Interest results (€+6.0m) driven by a higher Finance Income (including a legal case won, higher Interest from Turkey’s Cash & Cash Equivalents) and the lower Finance Expense (driven by the lower charge from interest bearing liability, and of the 3Q17 accelerated amortization amounted to €3.5m), being in part offset by the higher D&A (impact: €-1.4m) more than absorbed the recorded y-o-y EBITDA deficit (€-6.1m vs. 3Q17), thus, concluding to an EBT of €13.9m (+6.4m vs. 3Q17).
  • Constant currency basis: In 9M18 EBΤ, adjusted for the FX impact, reached €54.7m from €31.0m in 9M17 while in 3Q18 adjusted for the FX impact, concluded to €15.3m from €9.2m in 3Q17.
  • NIATMI from continuing operations in 9M18 concluded at €-11.0m compared to €-22.7m in 9M17. NIATMI from total operations in 9M17 was further deteriorated from the PAT contribution of the prior period’s discontinued operations (€-9.3m) and concluded at €-32.0m (in 9M18 there were no discontinued entities). In 3Q18, NIATMI from continuing operations shaped at €-7.9m (vs. €-7.1m y-o-y). NIATMI from total operations in 3Q17 was €-6.2m positively affected by the PAT contribution of the prior period’s discontinued operations (€+1.0m)
  • Constant currency basis: NIATMI (total operations) in 9M18, on a constant currency basis, reached €-7.2m from €-11.7m in 9M17 while in 3Q18 reached €-7.4m from €-4.3m

 

CASH-FLOW

  • Operating Cash-flow posted a considerable decrease in 9M18 at €60.3m vs. €120.5m in 9M17. Excluding the operating cash-flow contribution of our discontinued operations (Jamaica, Santa Lucia, Russia, and Slovakia) in 9M17 (€+12.7m), the cash-flow from operating activities is lower by €47.5m (€60.3m vs. €107.8m) mainly driven by the lower recorded EBITDA y-o-y (€-8.1m) and the adverse working capital movement of 9M18 (€-34.3m vs. €+5.8m in 9M17). Current period WC impact is driven by the repayment of a long due interest-bearing liability (€-13.0m) and the inventory buildup for new projects (€-20.8m) largely as a result of the Illinois and Ohio projects.
  • Adjusted Free Cash Flow[8] in 9M18 decreased by €13.4m, to €9.9m compared to €23.3m a year ago. Main contributors to this variance were the lower recorded EBITDA y-o-y, the higher Net Finance Charges (higher bond debt exposure and timing variance of the bond coupons payment schedule, being in part offset by lower RCF lines exposure), and the higher dividends received from our equity investment in Italy & Greece (Gamenet first-time dividend distribution and the higher dividend vs. 9M17 from “Hellenic Lotteries S.A.”). In 3Q18, the Adjusted Free Cash Flow reached €-2.7m, decreased by €15.6m vs. 3Q17, mainly affected by the lower EBITDA in 3Q18 (vs. 3Q17) and the timing variance of the bond coupons payment schedule (following the refinancing that took place in 3Q17 resulting in coupon payments across Q1 and Q3 vs. a coupon payment every Quarter previously).
  • Net CAPEX in 9M18 was €65.0m compared to €59.3m in 9M17 affected mainly by the ongoing US CAPEX. Headline CAPEX items in 9M18 include €13.9m towards R&D, €30.4m in the US mainly towards the Illinois new contract, Ohio contract renewal, and New Hampshire’s “Keno” service launch, and €5.8m towards AMELCO. All other net additions amount to €14.9m for 9M18. Maintenance CAPEX for 9M18 stood at €16.5m, or 25.2% of the overall capital expenditure in 9M18 (€65.4m), at similar levels vs. a year ago (9M17; €15.7m or 26.4%).
  • Net Debt, as of September 30th, 2018, stood at €598.5m, up €87.8m compared to December 31st 2017 as a result of the investments in our US business (€-29.3m towards growth & renewal CAPEX in the US), the payment of the last instalment in AMELCO software (€-5.8m), the repayment of a long due interest bearing liability (€-13.0m), the inventory buildup for new projects (€-20.8m; as described above), own shares repurchase (€-8.6m), the net results from investments (€-3.6m; the outflow for an indirect stake in “Hellenic Casino Parnitha S.A.” of €6.8m being in part offset by the share capital return of €3.1m from the Hellenic Lotteries equity investment) and the bond IFRS treatment (€+7.5m). On a quarterly basis, Net Debt increased by €26.0m significantly affected by the increased US CAPEX and Inventory buildup outflow.

  • As of September 30th, 2018, a repurchase of Notes amounting to €5.0 million (€500M, 5.25% Senior Notes due 2024 ISIN XS1685702794) has occurred. We may proceed to repurchases of our debt again in the future subject to market conditions.

 

RECENT/ SIGNIFICANT COMPANY DEVELOPMENTS

  • On September 5th, 2018, INTRALOT Global Operations B.V. a fully owned subsidiary company of INTRALOT S.A., following a competitive tender process procured by the German State Lottery “LOTTO Hamburg GmbH” was awarded a ten (10) years contract for the provision of a new integrated Lottery System Platform with multi-mandate capability, customized to the individual needs and requirements of Lotto Hamburg as well as to the German Lottery Market, supporting LOTTO Hamburg’s Strategic and Operational objectives.
  • On October 10th, 2018, INTRALOT announced the signing of a 10-year contract with the Croatian State Lottery “Hrvatska Lutrija” for the implementation of the new integrated LotosX ecosystem with Omni Channel capability, the deployment of innovative Retail technology and the provision of operational support. All of the above will be customized to the specific needs and requirements of Hrvatska Lutrija and the Croatian gaming market, supporting the strategic and operational objectives for the extensive growth and future expansion of Hrvatska Lutrija in the verticals of Numerical & Instant Games, Betting and Online Casino.
  • On October 19th, 2018, INTRALOT announced that its Group Chief Financial Officer Mr. George Koliastasis will step down on 31 December 2018. He will be succeeded by current Group Finance, Controlling & Budgeting Director Mr. Andreas Chrysos.
  • On October 30th, 2018, the New Mexico Lottery Board voted unanimously to move forward with the creation of a game tied to the outcome of sporting events (Sports Lottery) as well as to grant a 2-year extension on its existing online systems contract with INTRALOT. The New Mexico Lottery will be the first Lottery in the United States to authorize a Sports wagering lottery game to be available through its entire retail network, approximately 1,100 retail terminals.
  • In November 19th, 2018, INTRALOT Group announced the signing of an agreement with respect to the sale of the shares held by the Company’s 45% owned subsidiary İnteltek İnternet Teknoloji Yatırım ve Danışmanlık Ticaret A.Ş. (“INTELTEK”) in its 51% owned subsidiary Azerinteltek QSC (“Azerinteltek”) with a nominal value of AZN 51,000 to Baltech Investment LLC, shareholder of Azerinteltek with a 24.5% shareholding, for a total consideration of EUR 19,530,177. The transfer of shares is anticipated to be completed within 6 months.
  • On November 21st, 2018, Inteltek, the business partnership of Turkcell and Intralot, capitalizing on 15 years of successful operation of the iddaa game, announced its plans for the creation of a global research and software development center in the area of mobile games in Turkey. In the first phase this center will employ 100 engineers.
  • During the period between 01.01.2018 and 30.09.2018, Intralot SA has proceeded with the repurchase of 9,218,779 own shares amounting to €8.59m with an average price of €0.93, while for the period between 01.10.2018 and 23.11.2018, Intralot SA did not proceed with any repurchases of own shares.

APPENDIX

Performance per Business Segment

YTD Performance

Quarterly Performance

Performance per Geography

Revenue Breakdown

(in € million) 9M18 9M17 %

Change

Europe 467.6 456.8 2.4%
Americas 152.4 166.4 -8.4%
Other 216.0 209.1 3.3%
Eliminations -37.4 -37.6
Total Consolidated Sales 798.6 794.7 0.5%

 

Gross Profit Breakdown

(in € million) 9M18 9M17 %

Change

Europe 56.3 49.0 15.1%
Americas 17.5 22.4 -21.9%
Other 93.3 92.2 1.2%
Eliminations -4.9 -0.3
Total Consolidated Gross Profit 162.2 163.3 -0.7%

 

Gross Margin Breakdown

  9M18 9M17 %

Change

Europe 12.0% 10.7% +1.3pps
Americas 11.5% 13.5% -2.0pps
Other 43.2% 44.1% -0.9pps
Total Consolidated Gross Margin 20.3% 20.5% -0.2pps

 

INTRALOT Parent Company results

  • Revenues for the period decreased by 2.8% to €41.9m. The sales deficit is mainly driven by the lower sales in Greece, due to the transition to the new OPAP contract, after July, that has a smaller contract value, due to its limited scope (vs. the previous contract), specifically in the field of numerical games, which was in part offset by the increased royalties/ software license fees from subsidiaries and associates (e.g. Peru).
  • EBITDA shaped at €2.9m from €3.1m in 9M17. The impact from the gross profit deficit (driven by the lower top line) and the lower Other Operating Income was mitigated by the reduced OPEX (savings and timing).
  • Earnings after Taxes (EAT) at €-6.3m from €-1.3m in 9M17.
  • LTM EBITDA figure is lower by €1.8m vs. LTM 2Q18 following the 3Q18 performance of the Company (vs. 3Q17).

 

(in € million) 9M18 9M17 %

Change

LTM
Revenues 41.9 43.1 -2.8% 65.6
Gross Profit 14.0 14.7 -4.8% 27.4
Other Operating Income 0.1 1.6 -93.8% 0.5
OPEX -21.3 -24.2 -12.0% -31.8
EBITDA 2.9 3.1 -6.5% 8.6
EAT -6.3 -1.3 -16.5
CAPEX (paid) -13.5 -10.6 27.4% -18.2

 

CONFERENCE CALL INVITATION – 9M18 FINANCIAL RESULTS

Antonios Kerastaris, Group CEO, Georgios Koliastasis, Group CFO, Nikolaos Pavlakis, Group Tax & Accounting Director, Andreas Chrysos, Group Finance, Controlling & Budgeting Director and Michail Tsagalakis, Capital Markets Director, will address INTRALOT’s analysts and institutional investors to present the Company’s Third Quarter 2018 results, as well as to discuss the latest developments at the Company.

The financial results will be released on the ATHEX website (www.helex.gr), and will be posted on the company’s website (www.intralot.com) on Monday 26th November 2018 (after the close of the ATHEX trading session).

 

AGENDA: Brief Presentation – Question and Answer Session


CONFERENCE CALL DETAILS

Date: Wednesday, 28th November 2018

Time: Greek time 17:00 – UK time 15:00 – CET 16:00 – USA time 10:00 (East Coast Line)

Conference Phone GR  + 30 211 180 2000
Conference Phone GR  + 30 210 94 60 800
Conference Phone GB  + 44 (0) 203 059 5872
Conference Phone GB  + 44 (0) 800 368 1063
Conference Phone US  + 1 516 447 5632
We recommend that you call any of the above numbers 5 to 10 minutes before
the conference call is scheduled to start.

 

LIVE WEBCAST DETAILS

The conference call will be available via webcast in real time over the Internet and you may join by linking at the internet site:

https://services.choruscall.eu/links/intralot18Q3.html

DIGITAL PLAYBACK

 

There will be a digital playback on the 28th November 2018 at 19:00 (GR Time).

This Service will be available until the end of the business day 7th December 2018.

 

Please dial the following numbers and the PIN CODE: 059 # from a touch-tone telephone

 

Digital Playback UK: + 44 (0) 203 059 5874

Digital Playback US: + 1 631 257 0626

Digital Playback GR: + 30 210 94 60 929

In case you need further information, please contact Intralot, Mr. Michail Tsagalakis, at the telephone number:  +30 213 0397000 or Chorus Call Hellas S.A., our Teleconferencing Services Provider, Tel. +30 210 9427300.

SUMMARY OF FINANCIAL STATEMENTS

Group Statement of Comprehensive Income

(in € million) 9M18 9M17 %

Change

3Q18 3Q17 %

Change

LTM
Revenues 798.6 794.7 0.5% 251.0 260.0 -3.5% 1,108.1
Gross Profit 162.2 163.3 -0.7% 45.7 54.9 -16.8% 240.8
Other Operating Income 11.3 13.0 -13.1% 3.9 4.2 -7.1% 15.5
OPEX -106.6 -103.0 3.5% -31.0 -33.1 -6.3% -154.2
EBITDA 114.9 123.0 -6.6% 34.8 40.9 -14.9% 163.4
Margin 14.4% 15.5% -1.1pps 13.9% 15.7% -1.8pps 14.8%
EBIT 66.9 73.3 -8.7% 18.6 26.0 -28.5% 102.1
Interest expense (net) -31.5 -39.1 -19.4% -9.6 -15.6 -38.5% -55.3
Exchange differences 10.2 -6.0 6.6 -1.7 10.3
Other 0.7 -3.2 -1.7 -1.3 30.8% -25.5
EBT 46.3 25.0 85.2% 13.9 7.5 85.3% 31.6
NIATMI -11.0 -32.0 65.6% -7.9 -6.2 -27.4% -32.4
NIATMI continuing -11.0 -22.7 -51.5% -7.9 -7.1 11.3% -46.9
NIATMI discontinued 0.0 -9.3 0.0 0.9 14.5

Group Statement of Financial Position

(in € million) 9M18 FY17
Tangible Assets 116.2 102.8
Intangible Assets 319.7 324.5
Other Non-Current Assets 171.9 178.6
Inventories 48.8 31.5
Trade receivables 62.0 84.2
Other Current Assets 210.7 300.3
Total Assets 929.3 1,021.9
Share Capital 47.1 47.7
Other Equity Elements -33.4 10.1
Non-Controlling Interests 26.9 32.0
Total Shareholders’ Equity 40.6 89.8
Long-term Debt 745.4 729.4
Provisions/ Other Long term Liabilities 30.7 29.6
Short-term Debt 4.4 19.3
Other Short-term Liabilities 108.2 153.8
Total Liabilities 888.7 932.1
Total Equity and Liabilities 929.3 1,021.9

 

Group Statement of Cash Flows

(in € million) 9M18 9M17
EBT from continuing operations 46.3 25.0
EBT from discontinued operations 0.0 0.7
Plus/less Adjustments 69.0 113.0
Decrease/(increase) of Inventories -18.5 -3.8
Decrease/(increase) of Receivable Accounts 11.5 0.7
(Decrease)/increase of Payable Accounts -27.3 9.7
Income Tax Paid -20.7 -24.8
Net Cash from Operating Activities 60.3 120.5
Net CAPEX -65.0 -59.3
(Purchases) / Sales of subsidiaries & other investments -3.6 6.2
Interest received 4.1 4.0
Dividends received 7.6 2.0
Net Cash from Investing Activities -56.9 -47.1
Repurchase of own shares -8.6 0.0
Cash inflows from loans 60.3 571.8
Repayment of loans -45.4 -234.2
Bond buybacks -5.0 0.0
Repayment of Leasing Obligations -4.2 -2.2
Interest and similar charges paid -48.0 -37.8
Dividends paid -31.5 -34.0
Net Cash from Financing Activities -82.4 263.6
Net increase / (decrease) in cash for the period -79.0 337.0
Exchange differences -7.6 -11.4
Cash at the beginning of the period 238.0 164.4
Cash at the end of the period from total operations 151.4 490.0

 

 

About INTRALOT

 

INTRALOT, a public listed company established in 1992, is a leading gaming solutions supplier and operator active in 50 regulated jurisdictions around the globe. With €1.1 billion turnover and a global workforce of approximately 5,100 employees (3,100 of which in subsidiaries and 2,000 in associates) in 2017, INTRALOT is an innovation – driven corporation focusing its product development on the customer experience. The company is uniquely positioned to offer to lottery and gaming organizations across geographies market-tested solutions and retail operational expertise. Through the use of a dynamic and omni-channel approach, INTRALOT offers an integrated portfolio of best-in-class gaming systems and product solutions & services addressing all gaming verticals (Lottery, Betting, Interactive, VLT). Players can enjoy a seamless and personalized experience through exciting games and premium content across multiple delivery channels, both retail and interactive. INTRALOT has been awarded with the prestigious WLA Responsible Gaming Framework Certification by the World Lottery Association (WLA) for its global lottery operations.

 

For more info:

-Mr. Chris Sfatos, Group Director Corporate Affairs, email: [email protected] or

-Investor Relations Dept. email: [email protected]

Phone: +30-210 6156000, Fax: +30-210 6106800, www.intralot.com

[1] Calculated as Proportionate EBITDA of fully consolidated entities including EBITDA from equity investments in Italy, Peru, Greece, and Taiwan

[2] Discontinued operations and contracts ended within the current period are excluded from the analysis.

[3] Argentina 2018 figures have been restated based on IAS 29 (Financial Reporting in Hyperinflationary Economies) so as to reflect current purchasing power. LY figures have not been restated based on IAS 21 (The Effects of Changes in Foreign Exchange Rates). 2018 Q3 P&L figures have a positive impact from the application of the hyperinflation standard. For further information, you may refer to the Notes of the Interim Financial Report for the period ended 30 September 2018.

[4] Argentina 2018 figures have been restated based on IAS 29 (Financial Reporting in Hyperinflationary Economies) so as to reflect current purchasing power. LY figures have not been restated based on IAS 21 (The Effects of Changes in Foreign Exchange Rates). 2018 Q3 P&L figures have a positive impact from the application of the hyperinflation standard. For further information, you may refer to the Notes of the Interim Financial Report for the period ended 30 September 2018.

[5] Licensed Operations Revenue include also a small portion of non-Payout related revenue, i.e. value-added services, which totaled €3.2 million and €4.0 million for 9M18 and 9M17, and €1.1 million and €1.2 million for 3Q18 and 3Q17 respectively

[6] Analysis in the EBITDA section excludes Depreciation & Amortization

[7] CPI adjusted for Turkey and Argentina

[8] Calculated as EBITDA – Maintenance CAPEX – Cash Taxes – Net Cash Finance Charges (excluding refinancing charges) – Net Dividends Paid; all finance metrics exclude the impact of discontinued operations


Source: Latest News on European Gaming Media Network

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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GR8 Tech Launches CRM Bonus Shop to Boost Player Engagement and Retention

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GR8 Tech has rolled out CRM Bonus Shop—a fully integrated player-facing feature designed to drive engagement, increase retention, and optimize bonus budgets through gamified rewards.

The Bonus Shop enables operators to offer various virtual and real rewards, including free spins, free bets, gamification items, even physical items, spins in Wheel of Fortune, and more, in exchange for custom-branded artificial currency. Players earn coins through behavioral triggers like deposits or email verification, then choose their preferred rewards from a personalized shop interface.

Built directly into GR8 Tech’s CRM, the Bonus Shop offers full back-office control, real-time player wallet tracking, and complete front-end customization to match any brand’s tone, style, and language.

Key Benefits of GR8 Tech’s Bonus Shop for Operators

  • Enhanced Player Choice & Satisfaction: Players select rewards they actually want, increasing perceived value and engagement compared to traditional fixed bonuses.
  • Cost-Effective Bonus Management: Artificial currency provides greater value to players while reducing operator costs compared to traditional cash bonuses.
  • Behavioral Motivation: Automated currency distribution encourages specific player actions, improving key performance indicators.
  • Strategic Flexibility: A/B testing capabilities enable operators to compare traditional bonuses against gamified approaches and optimize strategies across different markets.

“Personalization is at its core. By tailoring offers to custom player segments, we ensure every user sees and can purchase the bonuses they truly want, boosting engagement significantly,”  said Kateryna Schevchenko, CRM Product Manager at GR8 Tech. “Additionally, the platform gives operators full control over the in-game economy by allowing them to set custom ‘prices’ for products using virtual currencies. This flexibility helps optimize retention costs, manage bonus budgets effectively, and maximize ROI.”

With advanced segmentation tools and engagement elements like gamification, GR8 Tech’s CRM transforms player interactions into engaging, value-driven experiences. The company’s approach has led to impressive results, including a 25% uplift in first-time deposits, an average 80% retention rate, and 75% monthly active users interacting with gamified tools. GR8 Tech’s CRM is a strategic asset for operators aiming to deliver highly personalized and performance-oriented player journeys.

 

GR8 Tech. Platform for Champions

GR8 Tech is an award-winning provider, delivering high-performance sportsbook and iGaming solutions that empower operators to lead and win in competitive markets. Key elements of GR8 Tech’s comprehensive portfolio include the Hyper Turnkey solution, ULTIM8 Sportsbook iFrame,  Infinite Casino Aggregation, and Platform Acceler8 suite, featuring its proprietary affiliate management platform, Aff.Tech.

With a geo-specific approach to solutions, a focus on practical innovations, and an operator-first mindset, GR8 Tech helps its clients achieve measurable results in their target markets quickly and efficiently. Trusted by top operators worldwide, GR8 Tech has over 100 successful cases and earned multiple recognitions, including the title of the Best Sports Betting Provider in CEE by GamingTECH Awards 2025.

The post GR8 Tech Launches CRM Bonus Shop to Boost Player Engagement and Retention appeared first on European Gaming Industry News.

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Legends Charity Game: Rasmus Sojmark on Football Icons, Lisbon, and Raising €1 Million for Charity

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On 15 September 2025, Lisbon will host the Legends Charity Game, a once-in-a-lifetime football match where Portugal’s greatest players face off against global legends—all to raise over €1 million for four life-changing charities. In this exclusive interview, Rasmus Sojmark, CEO & Founder of SBC, shares the inspiration, the star-studded lineups, and the powerful purpose driving this historic event.

Q: What is the Legends Charity Game?

RS: The Legends Charity Game is something we’ve been dreaming about for a long time, and now it’s finally happening. 

On Monday, 15 September, right in the heart of Lisbon, a team of Portugal’s greatest football legends will step onto the pitch to take on a global lineup of football legends from across the world.

These legends are the players so many of us grew up watching, idols who shaped our love for the game, now coming together for a match that is about more than nostalgia. It’s about charity, and our goal is to raise over €1,000,000 for four incredible organisations: the Ukrainian Red Cross Society, which continues to support those affected by the war in Ukraine, the Portuguese Red Cross, International Alert, and Caritas Portugal, which all do vital work with vulnerable communities in Portugal and beyond. 

The match will welcome 60,000 fans to the stadium, either Estádio da Luz or Estádio José Alvalade, depending on Champions League scheduling announced at the end of August, and will be broadcast to millions around the world.

The Legends Charity Game is how we have chosen to open SBC Summit 2025. With real heart and purpose. So if you are planning to be in Lisbon for the Summit, please make sure to arrive before this Monday evening charity event. 

We’ve poured everything into making it special, not because we had to, but because we believe in it. The players believe in it too. It is going to be emotional and genuinely amazing, and we can’t wait to share it with everyone.

I could go on about this for hours, but here’s the short version. This is about celebrating football’s greats, uniting people through sport and charity, and raising money for those who need it most. I’m proud we’re making it happen.

 

Q: What inspired you to launch the Legends Charity Game? 

RS: Football has been part of my identity since I was a kid. I played it from the age of 5, lived it, breathed it. Like so many kids of my generation, I grew up idolising the greats from the 80s, 90s, and early 2000s, whose names appeared on every magazine cover and match highlight.

I played on muddy pitches and even dreamed of a career in the sport. And in one way or another, I did build my career around it, didn’t I?

If you had told me as a kid, sitting in front of my screen for hours playing Championship Manager, picking the likes of Figo, Mendieta, Cafu, Zanetti, Hagi, Del Piero, and Schmeichel for my ultimate squad, that one day I would be organising a real-life legends match, I wouldn’t have believed it.

But that is exactly what has happened.

At SBC and Sport Global, we have always focused on creating unique experiences, not just numbers. It has always been about making people feel something, creating memories, and bringing value and joy. The Legends Charity Game is a natural evolution of that mission.

Over the years, we have welcomed famous footballers to our events in many different ways. Some have played in the SBC Football Championship, like Mendieta. Others have hosted our awards, like Ruud Gullit, Marcel Desailly and Clarence Seedorf. We have had keynote speakers like Figo, Baresi and Peter Schmeichel, and visits from Brazil legends Cafu and Ronaldinho. Blending football with business has always been part of the SBC story.

Now, we are taking it a step further.

This game means a lot to me. It brings together everything I’ve loved since I was a kid. Football, community, and creating something memorable with people who share that same passion. But more than anything, it’s about doing some good and giving back. With so much conflict and hardship in the world, it felt important to use everything we’ve built to support others. It’s a way to give back and hopefully, make a real difference.

 

Q: Tell us a bit more about the game. Which football legends are confirmed for Portugal?

RS: It still feels surreal seeing all these names on the same team sheet. The Portugal Legends include players like Luís Figo, Deco, Carvalho, Simão, Maniche, Fábio Coentrão, Vitor Baia, Nuno Gomes, Hélder Postiga, and many more who have given fans unforgettable moments over the years.

Portugal made perfect sense for this match. Over the last few decades, the country has produced some of the most ambitious, technical, and passionate players in the world. From the Euro 2016 win to this year’s comeback in the UEFA Nations League against Spain, and the star players in the PSG Champions League-winning side, they’ve built a footballing culture that consistently punches above its weight. Portuguese football is on fire, and it’s clear even just by looking at the number of top players in elite clubs.

We’ve been lucky enough to work closely with the FPF (Portuguese Football Federation) to bring some of these great players along, and it’s been amazing to feel the excitement building in Lisbon. Portugal will be co-hosting the World Cup in 2030, so this match also feels like a tribute to the road that brought them here and the legends who paved the way.

Many of the players taking part were part of that legendary Euro 2004 squad. They made it to the final, only to lose to Greece in one of the biggest upsets in football history.

By the way, Georgios Karagounis, who captained that victorious Greek side in 2004, will now be lining up for the World Legends team, facing off against many of the same Portuguese players he beat in that final. Quite poetic.

 

Q: What about the World Legends squad?

RS: As mentioned, Karagounis will be lining up for the World Legends team, and I have no doubt some of the Portuguese players will be itching for a little revenge after that Euro 2004 final. That kind of history adds so much depth to this game. It’s not just about who’s playing, it’s about the stories, the rivalries, the shared memories that come flooding back.

They’ll be managed by Peter Schmeichel, an absolute legend, with Diego Lugano serving as assistant manager. Lugano captained Uruguay to Copa América success in 2011 and, while a recent injury keeps him off the pitch, he’ll be bringing his defensive leadership.

In goal, we’ve got none other than Edwin van der Sar, the Dutch giant and Manchester United legend. Two more keepers are yet to be announced!

In defence, we have a line of some of the best defenders the game has ever seen. Let’s start with Cafu, who captained Brazil to World Cup glory in 2002 and was also part of their 1994 winning squad. Cafu is joined by Marco Materazzi, who won five Serie A league titles in a row, a Champions League, and, of course, the 2006 World Cup. Then we’ve got Argentina’s Javier Zanetti, France’s Christian Karembeu — all Champions League winners — and another United and Champions League winner, Patrice Evra. But the rock in defence will be none other than Barcelona one-club legend and Spain 2010 World Cup winner Carles Puyol.

In midfield, we have a historic European dream lineup. Karagounis will be joined by Slovakia’s Marek Hamšík (Mr. Mohawk himself), a Napoli icon and Slovak captain who led his country to their first-ever World Cup. There’s also Gaizka Mendieta, a good friend of mine, representing Spain. I’ve admired Mendieta as one of the best playmakers in the world, especially during those unforgettable Champions League finals with Valencia, which made him the most expensive player in the world when he was sold to Lazio.

From France, we have Youri Djorkaeff, a World Cup winner and now CEO of the FIFA Foundation. Romania will be represented by Gheorghe Hagi, a player who, for me, ranks among the greatest of all time. Representing Bulgaria, we have Krassimir Balakov, a national legend and former national team manager. 

And then there’s Kaka. One of the greatest players of all time. He is one of the nine players in the world to win the World Cup, Champions League, and Ballon d’Or.

Up front, we have the legendary Henrik Larsson from Sweden, and rest assured, he will be bringing his finishing touch. He is joined by Argentina’s Javier Saviola, who many Benfica fans will remember fondly (and many Sporting fans, maybe not so fondly)! Representing England, we have Michael Owen, Ballon d’Or winner and England striker ace. And from Italy, we have none other than Del Piero, Juventus superstar and Italy’s 2006 World Cup winner.

We wanted the World Legends squad to reflect the global spirit of football. To show that this is more than just a one-country tribute, but a celebration of the sport’s greatest names from every corner of the globe. Players who’ve shaped football history, brought joy to millions, and now come together for a cause that’s bigger than the game itself.

 

Q: Why do you believe football, and in particular the Legends Charity Game, is uniquely positioned to rally people behind meaningful causes? 

RS: Football has this incredible, almost magical power to bring people together, often in ways nothing else can. I’ve seen total strangers become best friends (or mortal enemies) over a last-minute goal. It’s one of the only things that can make grown adults paint their faces, cry on live TV, and believe that “this year is our year”… every single year. But behind all the passion and drama, football also has a serious superpower: it connects people. That’s what makes it such a powerful platform for rallying people behind meaningful causes.

When legends of the game take to the pitch, people pay attention. And when that spotlight can be used to raise awareness, funding, and momentum for causes that truly matter, it becomes an opportunity to do something that goes beyond the pitch. That’s the spirit behind the Legends Charity Game.

The World Legends and the Portugal Legends appeal to generations. Many of us have grown up idolising these players and watching them play the beautiful game for decades.

Younger generations still admire the legends when they watch streams or YouTube clips of the likes of Ronaldinho bringing his magic to the game like few other players have ever been able to achieve. They are also playing with the Legends in the EA Sports FC game titles (former EA Sports FIFA series), and now they get to watch them play live at the Legends Charity Game. 

In a few words, the Legends Charity Game has a generational appeal. Father, son, and grandfather will want to watch the game together.

 

Q: What guided your decision to aim for over €1,000,000 and choose the charities you’re supporting?

RS: Setting a goal of €1,000,000 was about being honest with ourselves about what this match could achieve. If we’re going to bring together global football icons, fill a stadium in Lisbon, and broadcast this around the world, then we owe it to the cause to aim high. We wanted a goal that felt bold, that actually moves the needle, and that reflects the power of football when it’s used as a force for good.

As for the charities, it was important for us to connect both globally and locally to honour the people in Lisbon welcoming us, and to stand with those who need solidarity the most. This game is our way of doing that. This landmark event supports four incredible charities working on the frontlines of crisis. 

  1. The Red Cross in Ukraine continues to provide emergency aid and medical care to civilians devastated by the war in Ukraine
  2. The Portuguese Red Cross brings relief to communities affected by natural disasters and economic hardship at home.
  3. International Alert is working tirelessly to build peace and protect vulnerable lives in conflict-affected regions around the world.
  4. Caritas Portugal ensures that families in Portugal facing poverty and displacement are given dignity, support, and shelter.

By supporting this game, fans and players alike are turning their love for football into a force for good. It’s a powerful reminder that the global football family can do more than entertain. It can heal, empower, and restore hope. Together, we can make this more than a game. We can make it a movement.

 

Q: Will the match be streamed or televised? How can fans actively take part in this initiative before, during, or after the match?

RS: Yes, the match will be both streamed and televised. We’re working closely with broadcasters to make sure the Legends Charity Game can be watched by fans around the world, whether you’re in Portugal or elsewhere. The production is being handled by SBC, and we’re treating it like a top-tier broadcast. Think Champions League-level coverage, with multiple camera angles, spider cams, and a full stadium setup. We want people watching from home to feel every moment, just like those in the stands.

As for getting involved, there are lots of ways to be part of this. You can buy a ticket and join us in Lisbon. If you can’t be there in person, you can still support the cause: tune into the livestream, donate online, share the event with your network, or enter the charity raffle that will take place during halftime.

 

Q: How did you convince sponsors that this wasn’t just a “CSR checkbox” but a meaningful movement?

RS: We’re incredibly grateful to the sponsors who believed in this from the very beginning.

Oftentimes, people view a sponsorship as just putting logos on a screen. This is when it’s hard to sell — if you can’t convince people that there’s something real and solid behind the idea. In this case, it was really easy. It was about standing behind something real.

We never approached sponsors with a slick CSR deck or a “feel-good” checkbox. That’s not what this is about. From day one, the Legends Charity Game has been something built with heart, purpose, and a real desire to use football for something greater.

We are building something with substance. A world-class lineup of true football legends. A clear, ambitious goal to raise €1,000,000. Four incredible charities. And most of all, a belief that football has the power to bring people together and inspire action.

What really made the difference with sponsors was the sincerity. They could see this wasn’t just a one-off. We’re not aiming for a press release headline and moving on. We’re building a tradition. That clarity, combined with the emotion behind the cause, is what resonated.

So, a huge and heartfelt thank you to our early confirmed sponsors like Soft2Bet, Sportingtech, YO Health, Spribe, Amusnet, Vegas Legends, Alea, Playtech, Smartsoft, Superbet and iGP. You didn’t just sponsor a match. You became part of the Legends Charity Game. Your support is helping us do something that goes beyond football, something that will genuinely make a difference in people’s lives. So yes, for our sponsors, it was a show of solidarity. A reminder of what good football can do when we put our hearts into it.

 

Q: As Lisbon prepares to host 60,000 fans, what role are local and global partners playing in helping you spread the word across borders?

RS: Local and global partners have played a huge role in making this more than just a one-night event in Lisbon. From day one, our goal was to create something that resonated well beyond the stadium walls, and that wouldn’t be possible without the incredible support we’ve had across the board. The Portuguese Football Federation, Benfica, and Sporting CP have been instrumental in giving this project a true home in Portugal. They’re part of the country’s identity, and having their backing has rooted the event in local pride and credibility from the very beginning.

But to spread this message globally, we’ve also leaned on the strength of our media and strategic partners such as A Bola, Ringier Sports Media Group, MARCA, La Gazzetta dello Sport, Better Collective, Sport1, SofaScore, Flashscore, Record, Stats Perform, and more. They’re helping us tell the story, one about legacy, community, and purpose. With their help, we’re reaching fans in Spain, Italy, Portugal, Greece, Poland, Romania, Sweden, Denmark, Slovakia, the Netherlands, Mexico and beyond.

We are working closely with MediaPro to create the live broadcast of the event, which we aim to share with millions of people around the world. Several broadcasting partners have been lined up across Europe, Brazil, and Latin America.

Our own experience as an events company helped us scale this quickly, but it’s the trust we’ve built over time, as SBC and through Sport Global, that opened doors and made people want to get involved. And of course, none of this would be possible without the unbelievable team behind the scenes who turned a big idea into something real in record time.

 

Q: The Legends Charity Game will take place on September 15, just a day before the SBC Summit 2025 kicks off. How do you envision the synergy between the charity game and SBC Summit? 

RS: The timing of the Legends Charity Game on September 15 is obviously very convenient. It’s a way to open SBC Summit 2025 with purpose, emotion, and meaning. The Summit is our biggest show yet, expecting 30,000 attendees from across the global gaming and tech industries. But before all the panels, meetings, and networking kick off, we wanted to ground everyone in what we are really passionate about: a genuine love for sport and a belief in its power to bring people together.

The Legends Charity Game gives us a chance to pause and do something meaningful as a community. It’s about football, connection, and giving back. It brings together iconic players, fans, industry professionals, and local communities around a shared moment. And starting the week that way, not with a handshake, but with heart, changes the tone of everything that follows. Yes, we run major events for the iGaming world, but our mission is bigger than that. We’re here to grow not just the industry, but the impact it can have. That’s the synergy, and it’s what makes this week in Lisbon feel truly special.

And, by the way, on Tuesday, September 16, many of the players from both the Portugal and World Legends squads will appear live on the Super Stage at the MEO Arena. Hosted by Kirsty Gallacher, this will be a rare opportunity for attendees to hear directly from the legends, ask questions, and share a moment with some of football’s most iconic figures. It’s a continuation of the emotion from the night before, and for many, it will be the first time seeing these football greats. What an experience.

 

Q: Do you think this could become an annual tradition?

RS: Absolutely, it will. With Portugal set to co-host the World Cup in 2030, our goal is to make this an annual fixture, year after year, right here in Lisbon. Honestly, I couldn’t be more excited. It’s a passion project in every sense of the word.

 

The Legends Charity Game is more than just a match—it’s a celebration of football, unity, and giving back on a global stage. With Portugal’s football heroes facing off against world legends, and a goal to raise over €1 million, this event promises to leave a lasting legacy both on and off the pitch. To hear more of Rasmus Sojmark’s insights into the business of sport, charity, and the iGaming industry, check out his recent appearance on the HIPTHER Talks Podcastlisten to the audio here or watch the video here.

 

The post Legends Charity Game: Rasmus Sojmark on Football Icons, Lisbon, and Raising €1 Million for Charity appeared first on European Gaming Industry News.

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Be Heard Above the Noise: Booming Games’ Dorota Gruszka on Standing Out in the Crowded Slot Studio Market

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With over 600 online slot studios competing for operator attention, cutting through the noise has never been harder. In this exclusive article, Booming Games’ Head of Marketing, Dorota Gruszka, shares her strategy for building a distinctive brand, forging lasting operator relationships, and creating campaigns that resonate in a crowded iGaming marketplace.

There are now more than 600 online slot studios, with each vying for operator attention and a solid position for its titles within casino lobbies. These 600+ studios are making a lot of noise, and this makes it incredibly difficult for individual studios to be heard.

But it is possible, requiring a clear strategy, creativity and consistency. Being loud is important – it’s the only way you’re going to be heard – but you also need to be relevant and authentic. And this requires a strong understanding of self.

Studios absolutely must know who they are and what they bring to the table, and ensure that these values are reflected in everything they do, from the games themselves to how they are launched and the nature of the partnerships forged with operators. It even extends to events and social media.

A sharp brand, meaningful relationships and marketing collateral that not only engages but also connects are critical to success. Of course, this is easier said than done, but when you have a strong team, defined goals and a product you believe in, it can be achieved.

Let’s take a closer look at some of the challenges studios face when it comes to marketing their brand and games.

 

There are plenty of hurdles to clear

The biggest challenge is, of course, standing out in the market, but second to that is navigating the complex and ever-changing regulatory landscape. Providers need to demonstrate compliance and responsible gaming practices, which means marketing must be transparent and aligned with operator expectations.

Another challenge is building and maintaining trust. Operators demand reliable partners that deliver quality products on time while supporting them beyond the initial sale. That means marketing needs to focus on relationship building, not just quick wins.

Then there’s flexibility, which has become a major differentiator. Operators look for partners that can adapt to their needs – the more flexible and collaborative a partner can be, the more value they bring, and this is a message that needs to come across clearly in B2B marketing activity.

 

Take a multi-layered approach

At Booming Games, we have taken a multi-layered approach to marketing our studio and the games we produce. This includes combining creativity, strategic planning and consistency. Brand awareness isn’t gained overnight – it’s an ongoing process across all channels and touchpoints.

Tactically, we have invested in strong PR and media partnerships and maintain a presence at major industry events. We also leverage social media, posting high-quality content across various channels and digital platforms.

We always go big with our game launches and invest in creative campaigns that showcase each title and ensure it gets noticed by casino managers. This is combined with tailored client communications and eye-catching merchandise that reinforces our visual identity.

 

The power of LinkedIn

One of the most effective marketing channels for a slot studio is LinkedIn, and we have focused a lot of our efforts on the platform. Since joining Booming Games in 2023, we have grown our follower base from 5,000 to almost 18000.

This growth has given us a much stronger platform from which to showcase our games, share company updates and connect directly with industry professionals. This, in turn, has driven exposure, engagement and, ultimately, led to additional operator partnerships.

Thinking outside the box is also important, especially in such an overcrowded industry.

A good example of this is our Ronaldinho Mascot campaign, which was a huge hit across the expos and saw thousands of people taking and sharing photos with the mascot across various social media channels.

But just as important is to listen carefully to partners, players and the wider market to ensure your brand, values and campaigns evolve and remain relevant and interesting. It’s about creating a brand people recognise, trust and enjoy interacting with.

 

Brand ambassadors are an important piece of the puzzle

Increasingly, studios are turning to brand ambassadors to help them do this. But it’s important to make sure the ambassador is the right fit – it’s about more than just attaching a famous name to your brand.

At Booming Games, we know first-hand just how effective brand ambassadors can be off the back of our highly successful partnership with footballing legend, Ronaldinho.

We struck a partnership with him just as the Brazilian market was moving toward regulation, and I truly believe it has allowed us to establish a strong foundation and presence in the region.

Ronaldinho is still relevant and popular, and having him associated with Booming Games has given us exposure, recognition and trust. It has also helped us become one of the first game providers to get certified in Brazil, allowing us to leverage the first-mover advantage.

That said, not all brand ambassador deals are as successful as ours with Ronaldinho. Sometimes, they require a lot of effort, coordination and investment and the return might not justify this. That’s why it’s important to evaluate every potential partnership carefully.

Ultimately, the brand ambassador must genuinely resonate with your audience, complement your brand values and support your long-term goals. When done right, it can be a game-changer.

Driving awareness for a studio is harder than ever, but there are plenty of tactics to turn to that can deliver results while having plenty of fun in the process. Being heard is important, but you must be making the right noise in the first place.

The post Be Heard Above the Noise: Booming Games’ Dorota Gruszka on Standing Out in the Crowded Slot Studio Market appeared first on European Gaming Industry News.

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