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Yggdrasil Q4 and FY 2018 financial update

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Yggdrasil Q4 and FY 2018 financial updateReading Time: 3 minutes

 

Business highlights Q4 2018 (Q4 2017)

  • 11 new license agreements signed, including e.g. Svenska Spel, ATG and Veikkaus (6)
  • 7 new games launched (2)
  • First ever branded partnership game launched; Nitro Circus
  • Kick-off for all employees in Krakow, Poland
  • YGS Masters studio partnership with Fantasma Games
  • Record jackpot pay-outs of MSEK ~80 to a LeoVegas player and MSEK ~23 to a Bethard player
  • Number of FTEs 285 (191)
  • Player rounds increased by 42% to 1,686 million (1,184)
  • Mobile share of EGW was 66% (59%)

 

Financial highlights Q4 2018 (Q4 2017)

  • Total operating revenues increased by 53% to MSEK 78.5 (51.2)
  • EBIT increased by 13% to MSEK 19.8 (17.5)
  • EBIT margin amounted to 25% (34%)

 

Financial highlights FY 2018 (FY 2017)

  • Total operating revenues increased by 62% to MSEK 274.2 (169.1)
  • EBIT increased by 18% to MSEK 69.5 (58.8)
  • EBIT margin amounted to 25% (35%)

 

Notable events after the quarter

  • Signed ATG and Live in the newly regulated Swedish market (January 2019)

 

Comment on Q4 and FY 2018 by founder and CEO Fredrik Elmqvist

“Growth, expansion and strategic business development.

With 2018 behind us I am proud to present yet another eventful year for Yggdrasil. We have reported solid growth and revenues reached all time high levels of MSEK ~274, +62% from the prior year. We have also managed to grow with a healthy underlying profit whilst being in high growth mode and EBIT amounted to MSEK ~70. Yggdrasil has made several important investments for the future and we have more development projects in the pipeline than ever before. The total number of employees increased to 285, up by almost 100 from the prior year. Retaining world-class talent coupled with a focus on innovation, creativity and quality remain our top priorities to build our organisation and company for the long-term. Yggdrasil has also reached a major achievement in 2018 by being able to release all new games with GGA (Global Game Availability), i.e. where Yggdrasil can manage to launch all new games in all environments, including regulated environments, at the same time.

 

During 2018 we have continued our tireless focus on expansion and strategic business development, including the announcement of two new product verticals and entry into several new markets. We have also launched a new business vertical; YGS Masters, which invites leading independent studios on a selective basis to develop and distribute gaming content on Yggdrasil’s platform. YGS has during 2018 signed three studios and we conclude strong interest in the market both among top quartile studios and operators. YGS, together with our own offering, enables us to provide the best games and end player user experience in the industry. I am thrilled on the outcome of these initiatives and how they will support us in creating synergies with our current product portfolio and in-game promotional tools. In addition to the new vertical announcements, we have also launched 18 new games, including the third game in the immensely successful Vikings series, Vikings Go To Hell, as well as our first branded game in collaboration with Nitro Circus.

2018 also marks as a commercially active year with entry into new markets and the signing of 48 new customers – more than any year before! We continue to focus on locally regulated market environments and push for global expansion. We have signed several notable customers during the year including Paf, Veikkaus, 888 in addition to Svenska Spel and ATG as part of the Swedish re-regulation. Despite a more competitive and complex market environment with a regulatory landscape changing at a faster phase than ever before, we have been successful in capturing further market share. We believe this is the ultimate proof of our concept and clearly demonstrates that our business is in the game for the long run. I also believe the on-going regulation trend is positive on the back of increased barriers to entry and an overall improved market quality, with a more responsible approach among industry stakeholders yielding a safer player environment and a larger addressable market.

Finally, in order to enhance our strategic alignment for 2019, we gathered all our employees in Krakow, Poland, for our annual kick-off during three action packed days in October. The journey was a great opportunity for all Yggdraslians to network and learn from each other as well as putting our creative minds together to partner up for the coming year.

With this said I am now looking with excitement on the challenges and opportunities that 2019 has to offer and where we will above all continue to prioritize growth in addition to our primary directive: commercial expansion, technological consolidation and global collaboration.” – Fredrik Elmqvist, CEO and founder


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Yggdrasil Q4 and FY 2018 financial update

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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IESF Announces 10th Presidential and Board Elections

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The International Esports Federation (IESF) has officially announced that its 2025 Presidential and Board Elections will take place on December 6, 2025, in Kuala Lumpur, Malaysia, during the 17th IESF General Assembly.

Marking the 10th Presidential Election in IESF’s history, this milestone represents a defining moment in the federation’s mission to unite and elevate the global esports community under one inclusive and transparent framework.

As the only International Federation recognized for upholding the governance principles and regulatory standards of the international sports system, IESF continues to lead efforts to strengthen integrity, accountability, and sustainable development within esports.

The election will determine the next IESF President and Board, who will guide the federation through a new era focused on unity, transparency, and sustainable development.

“IESF sets the standard of world esports governance — one built on trust, collaboration, and accountability,” said Boban Totovski, IESF General Secretary. “With the upcoming elections, the Secretariat and the Board will once again ensure a fair and democratic process that reflects the highest standards of integrity and professionalism. Our mission is to safeguard the credibility of esports governance and to guarantee that every member federation has an equal and respected voice in shaping the federation’s future.”

The Candidates

The official candidates for the IESF Presidential and Board Elections 2025 are as follows:

For IESF President:

Vlad Marinescu, who guided IESF through a period of transformation from 2020 to 2023, stands as a candidate for the 2025 Presidential Election, reaffirming his vision for a united and recognized world of esports.

Samart Benjamin Assarasakorn, current board member of IESF since 2023, will also stand for the role of President, committed to transforming IESF into a world-class federation that empowers every member nation.

For IESF Board:

  • Duane Mutu – New Zeland
  • Hayder Alkaales – Iraq
  • Clint Kennedy – United States
  • Flip De Bruyn – Namibia
  • Constantine Surkont – Argentina
  • Lokesh Suji – India
  • Afiq Fadhli Bin Narawi – Malaysia
  • Filip Soc – Montenegro
  • Kaung Myat San – Myanmar
  • Daniel Paulus – Germany
  • HRH Prince Omar Bin Faisal – Jordan
  • Yoav Sochen – Israel
  • Elin Yoojung Moen – Norway
  • Doniyor Djuraev – Uzbekistan

IESF continues to unite national federations and empower the next generation of esports leaders. The 2025 elections reaffirm the federation’s commitment to building a recognized and inclusive future for esports, one that transcends borders, connects cultures, and inspires unity through competition.

The results will be announced during the IESF 2025 General Assembly, where member federations will cast their votes to shape the next era of global esports leadership.

This 10th Presidential Election marks not only a milestone in IESF’s history but the beginning of a new era of governance, unity, and excellence in esports.

The post IESF Announces 10th Presidential and Board Elections appeared first on European Gaming Industry News.

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Unearth Monstrous Wins in Slotland’s New Castle of Horror Slot

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Slotland invites online casino players to step into the Castle of Horror — if you dare. Just in time for the spooky season, the new Castle of Horror slot game throws open its creaky gates and is treating players to a Halloween bonus feast. New and existing players can grab a 105% Match BOOnus and Free Chips.

Shadows crawl across the 6×3 reels in this dark, cartoon-horror adventure. Spin across 13 fixed paylines and encounter a sinister cast of characters, including a Dracula-like vampire with glowing eyes, a snarling werewolf, unnerving pumpkin-spiders, vials with a floating eyeball, and monster jaws full of sharp teeth. The neon-glowing, spooky aesthetic sets the perfect Halloween mood, where a 6x Wild can deliver 2,000x your bet.

“What better way to mark 27 years of entertaining our players than by inviting them into a haunted castle?” said Michael Hilary, Slotland Manager. “This has been a landmark birthday for us, and we wanted to give our players a gift. The Castle of Horror is the perfect blend of spooky fun and big win potential, and it encapsulates the innovative spirit that has kept us at the forefront for nearly three decades.”

The castle’s true terror and treasure lie in its trio of bonus features. Scatter symbols pay instantly, with 1 to 6 scatters awarding up to 10x your total bet. Land 3 or more Free Spins scatters to trigger the Freakish Free Spins round with 3-12 spins, featuring Colossal Wilds and extra spins for additional scatters. For instant rewards, trigger the Pick Me Bonus with 3 or more scatters to level up through the castle’s depths, unlocking increasingly valuable coin prizes from up to five rows.

Join Slotland’s birthday bash and Halloween festivities. The terror doesn’t stop there! Slotland’s sister site, Winaday Casino, has also unleashed the Castle of Horror, offering another venue to hunt for its eerie bounty!

NEW GAME BONUSES

SLOTLAND
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$21 FREE CHIPS ($33 for VIP’s)
Available directly on Promo page

WINADAY CASINO
Valid October 27-November 4, 2025

111% Match (144% for VIP’s)
On deposits $15-300
Redeem: 2x per day
Wager Req: 29x, Valid: Castle of Horror
Bonus code: TREAT

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On deposits $40 – $300
Redeem: 1x per day
Wager Req: 30x, Valid: Select slots
Bonus code: HALLOWEEN

The post Unearth Monstrous Wins in Slotland’s New Castle of Horror Slot appeared first on European Gaming Industry News.

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The Brains Behind Predictive Fraud: How Frogo Turns Risk into Growth

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Fraud is evolving fast and businesses need more than reactive tools – they need a partner that can predict, prevent and adapt in real time. Frogo, the all-in-one fraud prevention platform, RedCore’s brand, is doing exactly that. From device fingerprinting and AI-powered scoring engines to graph-based forensic tools, Frogo empowers businesses to reduce losses, streamline processes and grow with confidence.

We spoke with Maksym Tkach, CTO at Frogo, about the company’s approach to fraud prevention, model management, transparency and how it’s preparing for next-generation threats.

 

How does Frogo ensure transparency and auditability while running a scoring engine and how do you balance that with real-time performance?

Transparency and speed don’t have to be at odds, we achieve this through careful architecture design. Every decision our system makes is fully traceable. If a transaction is flagged, we don’t just provide a score. We log the full context: the specific policy executed, all input variables and features and human-readable reasons that explain exactly which triggers were activated.

Yet, detailed logging doesn’t slow down the process. Our core decisioning engine responds in milliseconds, while the full audit details are published asynchronously to a message bus and stored separately. This ensures our partners get immediate responses without compromising traceability for our analysts.

How does Frogo manage model drift and concept drift across multiple fraud domains? What strategies ensure seamless retraining or evolution of your models?

Fraud is constantly evolving, so our system must adapt. We take a multi-layered approach:

Drift Detection: We monitor incoming data for inconsistencies, leverage anomaly detection within our rule engine and actively use partner feedback to identify potential issues early.

Seamless Retraining: When a model needs updating, we follow a ‘champion-challenger’ approach. The challenger model is backtested against historical data, shadow-tested in live traffic without affecting decisions and only promoted after proving its superiority.

This structured process allows us to maintain performance, adapt to new threats and minimize any impact on our partners’ operations.

In what ways does Frogo support explainable appeals or reversals? Is there a rollback mechanism?

We believe partners should feel empowered, not constrained by a black box. Every risk decision comes with a detailed, human-readable breakdown of the triggers and scores, forming the basis for appeals.

For reversals:

Case-by-Case: Our FinalReview API lets partners override individual false positives, while feeding back critical ground-truth for future improvements.
Policy Rollbacks: Partners can instantly disable underperforming triggers through our back-office control panel. Every action is fully logged, ensuring transparency and accountability.

As quantum computing and encrypted data processing gain prominence, how is Frogo preparing for next-gen fraud schemes?

We approach next-generation threats proactively.

Quantum Readiness: Our system is crypto-agile – we can swap in quantum-resistant algorithms quickly. Strong encryption, network segmentation and partner-dedicated accounts add layers of protection.
Encrypted Data Processing: We offer flexibility depending on partner needs. Privacy-conscious partners can provide hashed depersonalised data, allowing us to detect fraud without ever getting access to sensitive information.

This dual approach keeps us ahead of evolving threats while respecting privacy and compliance requirements.

Frogo is not just about stopping fraud – it’s about turning risk into growth. By combining real-time automation, AI intelligence and deep forensic capabilities, the platform helps businesses reduce losses, streamline operations and deliver seamless experiences for legitimate users.

If you want to see Frogo in action and explore how the platform can safeguard your business while driving growth, join Maksym Tkach and the Frogo team at SiGMA, November 4-6, booth #1047.

Leap into safety and catch the risks before they catch you.

The post The Brains Behind Predictive Fraud: How Frogo Turns Risk into Growth appeared first on European Gaming Industry News.

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