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Raketech interim report Q3 2018
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THIRD QUARTER 2018
- Revenues increased by 42.3% to EUR 7.0 million (EUR 4.9 million)
- Organic growth amounted to 28.6% (32.6%)
- Adjusted EBITDA increased by 45.2% to EUR 4.1 million (EUR 2.8 million), corresponding to a margin of 58.7% (57.1%)
- Adjusted operating profit amounted to EUR 3.7 million (EUR 2.6 million), corresponding to a margin of 52.4% (53.6%)
- Profit for the period amounted to EUR 1.7 million (EUR 1.6 million)
- Earnings per share amounted to EUR 0.05 (EUR 0.07) before dilution
- NDCs (New Depositing Customers) increased by 49.0% to 26,837 (18,010)
FIRST NINE MONTHS OF 2018
- Revenues increased by 43.0% to EUR 17.9 million (EUR 12.5 million)
- Organic growth amounted to 22.6% (21.0%)
- Adjusted EBITDA increased by 29.4% to EUR 9.9 million (EUR 7.6 million), corresponding to a margin of 55.1% (60.8%)
- Adjusted operating profit amounted to EUR 8.9 million (EUR 7.2 million), corresponding to a margin of 49.7% (57.1%)
- Profit for the period amounted to EUR 2.8 million (EUR 5.0 million)
- Earnings per share amounted to EUR 0.10 (EUR 0.21) before dilution
- NDCs (New Depositing Customers) increased by 21.6% to 63,599 (52,302)
EVENTS DURING Q3 2018
- Interest-bearing liabilities of EUR 15 million were repaid to Ares Management as at 6 July 2018.
- Raketech announces a new partnership with Sper that reinforces responsible affiliate marketing efforts in Sweden.
- The earn-out conditions related to the casino affiliate site Casinofeber.se were amended as at 17 September 2018 and the earn-out period was extended until 2023. Management’s best estimate of the outstanding earn out liability as at 30 September 2018 amounted to EUR 9m.
EVENTS AFTER THE REPORTING PERIOD
- Raketech launched betting community Urheiluveikkaus.com, a platform dedicated to providing high-quality sports betting content and expert betting tips to the Finnish market.
- Interest-bearing liabilities of EUR 15.5 million were repaid to Ares Management as at 1 October 2018 with effective date of 3 October 2018.
- Tax refund of EUR 0.7 million was received as at 30 October 2018.
- Esportsguide.com was launched on 16 November 2018.
- Raketech announces a new partnership with Trustly to be able to offer a new in-Banner Pay N Play technology across its online gaming products on 21 November 2018.
CEO MICHAEL HOLMBERG COMMENTS THE QUARTER
“I am happy to announce another quarter with strong growth and high profitability, driven by our clear focus on organic growth. Revenues for the third quarter amounted to EUR 7.0 million, an increase of 42 percent compared to the corresponding quarter last year. The organic revenue growth amounted to 29 percent. Growth compared to the second quarter was 16 percent. Adjusted EBITDA amounted to EUR 4.1 million, corresponding to an EBITDA margin of 59 percent.
The strong organic growth was achieved by our strategy to capitalise on our existing assets (which we refer to as Raketech Core). Over the past couple of years, we have invested in building a scalable business model. We have developed new technical platforms and data analysis tools, and we see it starting to pay off. With this foundation, we are not only well-equipped to grow our existing products in Raketech Core, but we are also in an excellent position to innovate and roll out new products from Raketech Lab (new innovative services built in-house or via partnerships).
We are well prepared for the upcoming regulation of the Swedish gaming market and I am confident that Raketech will maintain a strong position in Sweden when regulation comes into effect on 1 January 2019. We have re-negotiated terms with our partners and secured new partnerships with large gaming operators entering the Swedish market for the first time.
We are pleased with our achievements in the last quarter and have maintained the momentum into the fourth quarter with some exciting product launches and new partnerships. We are on course to meet our targets for the remainder of the year.”
PRESENTATION FOR INVESTORS, ANALYSTS AND THE MEDIA
CEO Michael Holmberg and CFO Andreas Kovacs will present the report and answer questions in an audiocast at 9.00 a.m. CET on 22 November. The presentation will be held in English and can be followed online via https://tv.streamfabriken.com/raketech-q3-2018. To participate by phone, please dial +46 8 566 42 691 (SE) or +44 203 00 898 10 (UK).
About Raketech Group
Raketech is a leading online affiliate and content marketing company, with expertise in delivering SEO, online guides, communities and social media products in primarily the Nordic region and the UK. Through some 20 flagship brands, Raketech guides sports and gaming enthusiasts to the best possible services, while also delivering high quality traffic and leads to its partners. Raketech grows both organically and via acquisitions, and operates its business in accordance with a clear framework for responsible affiliate marketing services. The company’s shares are listed in Nasdaq First North Premier with ticker RAKE. Erik Penser is the company’s Certified Adviser. For more information, visit www.raketech.com.
Source: Latest News on European Gaming Media Network

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63 suspicious betting alerts reported by IBIA in Q1 2025
The International Betting Integrity Association (IBIA) reported 63 alerts of suspicious betting to the relevant authorities in the first quarter (Q1) of 2025. The Q1 2025 total is 3% less than the 65 alerts in Q4 2024, and 11% more when compared to the revised Q1 2024 total of 57 alerts. IBIA monitors over $300bn per annum in betting turnover (handle) across more than 80 members with over 140 sports betting brands globally.
The 63 incidents of suspicious betting in Q1 2025 concerned six sports, across 23 countries and 5 continents. Other key data for Q1 2025 includes:
- Football and tennis accounted for 40 of the Q1 2025 alerts (64%), a 14% increase from 35 alerts in Q4 2024.
- Sporting events in Europe and North America, with 32 alerts combined, made up 51% of the total reported; that was a decrease of 29% compared to 45 alerts in Q4 2024.
- Table tennis saw a notably reduction in alerts from 21 reported in Q4 2024 to 9 reported in Q1 2025, representing a 53% quarter-on-quarter fall.
Khalid Ali, CEO of IBIA, said: “The first quarter of 2025 was relatively consistent with the previous quarter and the comparable period last year. Football and tennis remain the most reported sports, albeit their combined Q1 2025 number was down 14% on Q4 2024. This quarter-on-quarter reduction was primarily due to a fall in tennis alerts, which have shown a welcome reduction in recent years. The Q4 2024 increase in table tennis alerts has not continued into Q1 2025 and has fallen back to previous levels. IBIA has taken increased precautions regarding this sport and agreed a number of new integrity partnerships and protocols in Q1 with the aim of detecting and sanctioning corrupt betting activity.”
IBIA is a leading not-for-profit dedicated to protecting the integrity of regulated sports betting markets worldwide. Its global monitoring network serves as a powerful anti-corruption tool, identifying and reporting suspicious betting activity. In late 2024, IBIA further strengthened its capabilities with a major technological upgrade, significantly enhancing its ability to detect and respond to potential match-fixing across its members’ markets.
The post 63 suspicious betting alerts reported by IBIA in Q1 2025 appeared first on European Gaming Industry News.
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Fujitsu names Sammi Abdulla as Business Development Manager for iGaming
Fujitsu, the leading provider of infrastructure and platform solutions to businesses in the global online gambling industry and beyond, has named Sammi Abdulla as Business Development Manager for iGaming.
Sammi is a highly experienced business development manager, having held roles at major companies both inside and outside of the industry. Most recently, he was Business Development Manager at media powerhouse, Next.io.
As Business Development Manager at Fujitsu, Sammi has been tasked with driving the company’s expansion within the global online gambling industry, building meaningful relationships, understanding the unique demands of the sector and aligning Fujitsu’s solutions with client needs.
This includes delivering tailored platform and infrastructure solutions such as compute, storage and hybrid cloud. Sammi will also consult on technical requirements and compliance standards and support clients in driving digital transformation initiatives that improve scalability, uptime and security.
Over the coming months, his priority will be to engage with key stakeholders across the industry, demonstrate how Fujitsu’s technology can add real value and help clients to strengthen and futureproof their operations via scalable, secure and reliable infrastructure.
Nick McDonald, iGaming Account Director at Fujitsu, said: “Sammi is one of the most experienced Business Development Managers in the sector with a proven track record at renowned organisations both in and out of the industry. We are delighted to be able to leverage this as we look to strengthen our position in the market.
“Fujitsu’s platform and infrastructure solutions set the standard for others to follow, and with Sammi on board, we can make more operators and suppliers aware of our suite of products and how they can help them future proof their operations.
“This is a significant hire for Fujitsu, and I look forward to working closely with Sammi in the weeks, months and years to come.”
Sammi Abdulla, Business Development Manager for iGaming at Fujitsu, added: “I’m thrilled to have joined Fujitsu and to be diving even deeper into the iGaming world, a space I have good knowledge of and feel passionate about.
“With Fujitsu’s powerful tech behind us, I’m excited to help our clients level up their infrastructure, stay ahead of the game and maybe even have a little bit of fun while we do it.
“I’m also looking forward to working with the incredible Fujitsu team, which has already made me feel incredibly welcome.”
The post Fujitsu names Sammi Abdulla as Business Development Manager for iGaming appeared first on European Gaming Industry News.
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HÖLLE GAMES STRIKE IT RICH WITH SIERRA NUGGETS
“Sierra Nuggets” goes live today, a new 243-ways slot from Hölle Games. Evoking the spirit of the Californian gold rush in the 1800s, it features the kind of symbols you’d expect – Pickaxes, Dynamite, Gold Nuggets, and of course, a roguish Miner.
Players can get a real gold rush in the game via the Free Spins which come loaded with special Golden Nuggets. Just one Nugget will pay anywhere on the reels in free spins and award players from 1x up to an astounding 1000x EACH! Now that’s the motherlode!
Impatient players can buy the feature immediately via 10, 15 or 20 Free Spins, or else opt to double their stake with the Stake Booster feature which increases the chances to enter the free rounds.
The game is now available in MGA regions with Sweden, Romanian, Netherlands, Switzerland and others coming soon.
The post HÖLLE GAMES STRIKE IT RICH WITH SIERRA NUGGETS appeared first on European Gaming Industry News.
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