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Playtech PLC is at the 5-year lowest

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Playtech PLC, a gambling software developer recently lowered its revenue forecast as the company saw increased competition in the Asian market. This news caused the shares of Playtech PLC, London-listed company, to drop by about 30% the following day. The stock tumbled to a 5-year low of 5.3 British pounds.

A representative from the company commented on Playtech’s revenue prospects, saying: “Given the recent decline and in the absence of any change in market dynamics, we expect a significant impact on revenue throughout the rest of the year.” According to analysts at Investec, this drop could be as large as 25% of first-half average daily revenue in Asia. If the forecast is true, it reduces Playtech’s expected revenue from the Asian region by 70 million euros for the year. “Clearly the recent trading performance in Asia is disappointing,” – commented Mor Weizer, the CEO of Playtech. Aggressive pricing environment is being actively presented as the main cause of the underperformance in the Asian market.

According to Norske Casino webportal, Playtech’s overall performance, on the other hand, is strong and reassuring. Excluding the Asian market, Playtech showed a 7% increase in year-to-date average daily revenue in the B2B gaming business. Playtech expects to earn adjusted earnings before interest, taxes, depreciation and amortisation of 320-360 million euros in 2018. For comparison, Playtech’s EBITDA in 2017 was 322.1 million.

Playtech PLC has established itself in the gambling software market as an innovative provider who cares about the customer experience

Playtech, which was founded in Tartu, Estonia in 1999 offers software for products like online bingo, poker, sports betting, scratch games, mobile gaming and other online casino games. Since its founding, the company has grown quickly to become a powerhouse in the gambling software industry. It is currently listed on the London Stock Exchange and is a part of the FTSE 250 Index. Currently, the company employs over 5,000 people, has offices in 17 countries and has 140 global licenses.

Playtech focuses on customer experience and uses innovative technology to distinguish itself from the rest of the market. “We are committed to offering our partners best-of-breed gaming products and services across all platforms. Our vision is to remove the technology barrier for our customers, while keeping them at the forefront of innovation. With our comprehensive set of products, platforms and content,” – reads the company’s website.

Source: https://norskecasino.casino/nyheter/playtech-plc-pa-sitt-laveste-pa-5-ar/


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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Michel Groothuizen, to make first speech as chair of Dutch regulator at iGB L!VE

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Clarion Gaming has announced a major coup with confirmation that Michel Groothuizen, the incoming chair of the Dutch regulator Kansspelautoriteit (KSA) will be making the opening address on the Pulse Stage at iGB L!VE on 17 July.

The appearance will be Michel Groothuizen’s first in front of an international igaming audience following his appointment as Chair of the KSA effective 1 July 2024. He joins an influential line-up of 40+ thought leaders and industry disrupters who will be at iGB L!VE, sharing their ideas and insights about the future of igaming and the affiliate business.

Damien Ashton-Wellman, Content Lead for iGB L!VE said: “We’re delighted to have secured the participation of Michel Groothuizen so early into his role at the helm of the Dutch regulator. I believe his appearance at iGB L!VE speaks volumes for the growing reputation that the brand enjoys for being the home of the igaming community and the only global business event which connects leading igaming affiliates, operators, tech vendors, game providers and suppliers.

“An extremely experienced political and governmental operator his career has come full circle since founding the KSA in 2012 whilst serving as policy director in the ministry of justice and security. He takes charge at a busy time for the Dutch regulator which has been criticised by some in the industry for being ‘heavy-handed’ and ‘unapproachable.’ Having committed himself to what he has described as the ‘wonderful challenge’ of ensuring safer gambling, iGB L!VE attendees will be the first to learn how the KSA will address those challenges under his leadership.”

Portfolio Director Naomi Barton added: “iGB L!VE is the fastest growing igaming event globally with registration for the 2024 edition tracking 100% ahead year-on-year. Part of the way that we invest in growth is to always consult with the market. Everything that we do is customer-driven and the creation of the Pulse Stage is the result of listening to our customers who told us what they want from an industry event is to be able to connect with industry leaders, exchange ideas, and in the process gain a competitive edge.

“With that front of mind, I am delighted to confirm that the Pulse feature at iGB L!VE will deliver hours of insight and content built around the four core themes of: Markets and Convergence, Player Engagement, Building for the Future and Protecting Your Business. Adding meaningful content that has been requested by stakeholders in order to help drive tangible business growth is a key component of the iGB L!VE experience and one which complements the unparalleled business opportunities generated by the 300+ exhibitors and sponsors who will be occupying 21,000+ square metres of gross space, a figure which is 35% higher than in 2023.”

The post Michel Groothuizen, to make first speech as chair of Dutch regulator at iGB L!VE appeared first on European Gaming Industry News.

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Introducing Dr. Shocker: A Turbo Game with Electrifying Animations and Thrills

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Galaxsys games studio is thrilled to announce its latest masterpiece: “Dr. Shocker,” a turbo game that promises unmatched adventure. With its unique theme and exceptional animations, Dr. Shocker is set to become the ultimate destination for players seeking thrills and rewards like never before. Dr. Shocker is a new turbo game that features an animated block showcasing the professor and his electric mechanism. In the game, players place bets on Dr. Shocker’s attempt to connect electrical cables. If successful, players win based on odds from the 1-18 multiplayer sections on the game board. The game stands out with a variety of unique features, including three in-game bonuses and multiple winning options, making it the top choice in its category. Game Highlights: Distinctive and Attractive Animations Prepare to be dazzled by the electrifying animations of Dr. Shocker. From the moment you enter the game, you’ll be greeted by a world of captivating visuals and seamless animations that bring the fascinating atmosphere to life. 3 Types of In-Game Bonuses

The game includes 3 bonus sectors:

● 1 symbol starts a bonus round with 3 sections

● 2 symbols multiply all odds randomly

● 3 symbols trigger a 5-spin round where each winning spin doubles the multipliers until played again, or the bonus ends.

Buy Bonus Feature The Buy Bonus feature provides players with two exclusive Bonus Game opportunities.

FreeBet & FreeAmount

FreeBet and FreeAmount promotional tools provide an option to reward bonuses to the players, with the terms set by the operator.

Provable Fairness

The most reliable and high-end Random Number Generator technologies are utilized to ensure true randomness and transparency in the game.

Multiple Winning Options The game offers a wide selection of diverse combinations and bonuses, increasing players’ chances of winning. Dr. Shocker truly stands out as a game that offers players a unique and engaging crash game experience. The game is now LIVE and available for integration.

The post Introducing Dr. Shocker: A Turbo Game with Electrifying Animations and Thrills appeared first on European Gaming Industry News.

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Conexus, Taking a Revolutionary Approach to Solving Talent Challenges in the iGaming and PayTech Sectors.

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The Conexus Group is excited to announce the launch of Conexus Human Capital, a pioneering division dedicated to providing a comprehensive suite of talent and human resource management solutions tailored specifically for the iGaming and PayTech sectors. Conexus Human Capital aims to redefine the talent landscape by offering truly transformative solutions that fuel innovation and drive organisational growth.

Announcing this new entity, Rob Dowling, CEO of the Conexus Group, said, “In the highly competitive iGaming and PayTech sectors, acquiring and retaining talent is critical to every company’s success. For over 20 years we have been delivering market leading talent solutions with Pentasia and iGaming Academy leading the way. All our brands continue to lead in their respective fields but integrated they provide a holistic approach that offers a uniquely valuable proposition. Our mission is to unlock the true potential of a client’s human capital in order to propel that business forward. Identifying, developing and retaining talent that truly makes a difference is a challenge for even the most accomplished companies. Additionally, the challenges our clients face are increasingly complex in their scale and this is why we have launched Conexus Human Capital.”

Through a unique approach that goes beyond conventional practices, Conexus Human Capital aligns talent strategies with organisational goals throughout the entire lifecycle of the business. By navigating the intricate interplay between human potential and organisational success, Conexus Human Capital offers tailored solutions that drive productivity, profitability, creativity and innovation.

“At Conexus Human Capital we bring a unique perspective to the iGaming and PayTech sectors, offering access to deep industry knowledge, an unrivalled global network of talent and specialist services tailored to support strategic talent objectives that accelerate company performance” explained Dowling.

With the launch of Conexus Human Capital the Group has rebranded its executive search and talent consulting arm, Marden to Conexus Leadership. Additionally, the Group’s scaled recruitment division, that delivers volume requirements in the 100’s, has been rebranded from Cohort to Conexus Enterprise.

These solutions, now working seamlessly alongside Pentasia and iGaming Academy, complete the Conexus Human Capital portfolio. Together they deliver a unique offering, providing a comprehensive suite of services designed to empower businesses in the iGaming and PayTech sectors, propelling them toward sustained growth and success.

The post Conexus, Taking a Revolutionary Approach to Solving Talent Challenges in the iGaming and PayTech Sectors. appeared first on European Gaming Industry News.

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