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Online gambling revenue benchmark analyses Q2/2019

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gambling-growth Online gambling revenue benchmark analyses Q2/2019Reading Time: 3 minutes

 

Better Collective leads revenue growth in Q2/2019

The Online Gambling Quarterly regularly provides various in-depth analyses of key financial figures of iGaming companies. In this article the analysts share some revenue growth benchmarks of the recent quarter. In Q2/2019 Better Collective led revenue YoY-growth (compared to the previous year) with an increase of +64% (YoY); the average YoY-growth in the quarter of all online gambling companies analysed was +5%. Regarding the QoQ-growth (compared to the previous quarter Q1/2019) best practice growth was achieved by the Churchill Downs (+51%), PPB/Flutter (+18%), and Zeal/Tipp24 (+12%)

Every quarter the researchers of the Online Gambling Quarterly have a look at the revenue figures of various iGaming companies ranging from operators and IT/service providers to affiliate companies and even cumulated figures of entire markets (e.g., France, Denmark, …). In most cases the figures used are net revenues; however, in a few cases net revenues were not reported, and therefore the analysts took gross revenues or turnover instead.

Total revenue growth analyses (YoY) – for more data click here

The Online Gambling Quarterly analyses the total revenue figure across all segments and the revenue development for each vertical. For the Q2/2019 development of the total revenue the researchers provide following insights:

• On average, total revenues (all verticals, …) grew in Q2/2019 by +5% (YoY)

• Best practice growth (YoY) was achieved by Better Collective with +64%.Better Collective is a leading affiliate in the online gambling market. The Q2/2019 revenue grew by 64% to EUR 15.8 million (Q2/2018 = EUR 9.6 million) – organic revenue growth was 18%. The growth was supported by a strong increase of new customers in recent quarters, where the main driver is the increase in underlying sports betting volume. Q2/2019 EBIT before special items increased by 64% to EUR 5.5 million (Q2/2018: 3.4 million). In H1/2019, revenue grew by 79% to EUR 30.7 million – organic revenue growth was 28%.

• Lowest/negative growth – At the bottom of the ranking we find Nektan, Global Gaming, and Ahaworld. (see full ranking here).

Total revenue growth analyses (QoQ) – for more data click here

In many cases the YoY growth rates are exceptionally high due to acquisitions made in a previous quarter – an effect that carries through for consecutive quarters after the acquisition. Therefore, several leading companies in the YoY growth benchmarking have those top positions more or less due to acquisitions made within the 12 months before the analysis. The researchers at Online Gambling Quarterly have therefore decided to also analyse quarter-on-quarter growth (QoQ) benchmarks as well. Those growth rates might be impacted by seasonal effects (e.g., football season vs. no football season) and other changes, but these figures can provide a quick, current overview of the most recent growth dynamics while excluding effects of acquisitions in previous quarters.

• Average growth – On average, revenues changed in Q2/2019 (compared to the previous quarter Q1/2019 – QoQ) by +1%.
• Best practice growth (QoQ) – Best practice growth (QoQ) were achieved by Churchill Downs (+51%), PB/Flutter (+18%), and Zeal/Tipp24 (+12%)

Betting revenue growth analyses (YoY)

The Online Gambling Quarterly also analysed the development of the betting revenues (mostly net revenues) in the recent quarter with the following insights:

• Average growth – On average, betting revenues grew in Q2/2019 (compared to a year earlier) by +8% (YoY).

• Top growth rate – Best practice growth was achieved by Stars Group with +182% (YoY) – excluded in average figure.

• Lowest/negative growth – At the bottom of the ranking we find Bet-at-home (see full ranking here).

For more financial analyses (e.g., casino revenue growth, …) have a look at the full report here.

About MECN / Online Gambling Quarterly

MECN is a network of experts on issues concerning the media and entertainment industry. Together they provide in-depth knowledge, analysis, and advice to global clients. The Online Gambling Quarterly is a new kind of report for the online gambling industry. It focuses on data analyses, benchmark figures, “hard” numbers, …


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: Online gambling revenue benchmark analyses Q2/2019

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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Zitro Obtains The Manufacturer’s License In Bulgaria

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Zitro, a global leader in the gaming industry, has been granted the Bulgarian manufacturer’s licence from the local gaming authorities. This licence allows the company to sell its amazing slot machines directly to the casino operators, cutting down delivery times and facilitating a more efficient time-to-market.

Nadège Teyssedre, Director of Sales for EMEA of Zitro explains that: “We would like to thank the local authorities for issuing the license to us. We are very excited to be installing more of our incredible Link King banks in various renowned Casinos in the country, and, very soon, we plan to install as well other superb products, such as the award winning 88 Link Wild Duels multigame progressive game on our brand new Allure cabinet.”

Sebastian Salat, CEO of Zitro adds: “Bulgaria represents an important jurisdiction within our European and global expansion plans. Obtaining the manufacturer’s license is yet another milestone we have achieved as a team and which is fundamental to keep growing our business as planned.”

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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: Zitro Obtains The Manufacturer’s License In Bulgaria

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Twin River Worldwide Holdings Announces Partnerships with DraftKings Inc. and FanDuel Group

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7-8-1 Twin River Worldwide Holdings Announces Partnerships with DraftKings Inc. and FanDuel GroupReading Time: 2 minutes

 

Two of the Nation’s Top Sportsbooks to Debut in Colorado

Twin River Worldwide Holdings, Inc. today announced separate market access partnerships with DraftKings Inc. and FanDuel Group, giving sports fans in Colorado access to award-winning sportsbook products.

These partnerships combine Twin River Worldwide Holdings’ nationwide experience in gaming and casino operations with market-leading sports betting expertise and globally recognizable brands. Colorado is the fifth state in the United States where the FanDuel Sportsbook platform will be available and is the sixth state to offer the DraftKings’ Sportsbook platform.

As announced last Friday, Twin River Worldwide Holdings completed the acquisition of Golden Gates, Golden Gulch and Mardi Gras casinos in Black Hawk, Colorado. With the completion of this acquisition, Twin River also acquired the right to three sports gaming licenses in Colorado, leading to the creation of these two partnerships. Twin River will retain the third license for its own future use.

“Obtaining the right to three sports gaming licenses in Colorado will expand our footprint in the state well beyond our Arapahoe Park racetrack and off-track betting network,” said George Papanier, President and Chief Executive Officer of Twin River. “These newly-formed partnerships with DraftKings and FanDuel allow us to provide an unmatched sports betting experience to Colorado, not only with their mobile betting access, but also with an exciting DraftKings retail sportsbook location inside one of our newly acquired casinos.”

“Coast to coast, DraftKings is committed to providing states across the country with the ultimate experience in legal sports betting,” said Ezra Kucharz, DraftKings chief business officer. “Twin River is committed to providing exciting, real-time gaming opportunities, and we look forward to working alongside them to introduce Colorado sports fans to our award-winning product.”

“Twin River has been engaged in sports betting since the beginning in Rhode Island and Mississippi, and they are an ideal partner as we continue to enter states that open up online and mobile sports betting,” said Matt King, CEO, FanDuel Group. “Colorado has a sensible framework for sports betting, and we are excited to partner with a renowned gaming company like Twin River to bring our market-leading online sports betting experience to Colorado sports fans.”

 

Source: Twin River Worldwide Holdings, Inc.


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: Twin River Worldwide Holdings Announces Partnerships with DraftKings Inc. and FanDuel Group

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Prague Gaming Summit 2020 speaker profile: Genia Gurevitz (Head of Banking and Payments Services at Tal Ron, Drihem & Co.)

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Genia-Gurevitz-Announcements-Prague-2020 Prague Gaming Summit 2020 speaker profile: Genia Gurevitz (Head of Banking and Payments Services at Tal Ron, Drihem & Co.)Reading Time: < 1 minute

 

The 4th edition of the Prague Gaming Summit will take place on 6 March 2020 and welcomes leading operators, service providers and gambling industry experts from all across Europe.

 

On the 6th of March at the Prague Gaming Summit, you have the opportunity to dive into several subjects, among which also the Global Payment Platforms And Why You Need To Choose Innovative Methods”.

As mentioned in earlier press releases, Prague Gaming Summit 2020 will bring a brand new format of speeches and more trending themes as it did in the early years.

Among the leading experts that will share their latest information, you have the opportunity to hear more about the global payment platforms and much more from Genia Gurevitz – Tal Ron, Drihem & Co. 

Lawyer Genia (Evgeni) Gurevitz – LLB, Graduated from Tel Aviv University (TAU), and has been living in Singapore, where he has been studying in Singapore Management University (SMU). Genia heads the Banking and Payments Services at Tal Ron, Drihem & Co., working closely with the firm’s clients on online and offline banking, electronic money institutions, acquiring banks and regulatory support for i-gaming and financial companies.

 Do not miss this unique opportunity to learn and networking with the leaders of the industry.

Order your Delegate Pass or VIP Package (Delegate Pass +Accommodation) now!

Here is a testimonial that has been left by Dr. Raffaela Zillner, LL.M, one of the attending delegates of the 2019 edition of Prague Gaming Summit:

A conference of great quality. Not only excellent content is presented by top experts, but also the industry is moving closer together through many networking opportunities.

Dr. Raffaela Zillner, LL.M

Secretary General, Austrian Association for Betting and Gambling


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: Prague Gaming Summit 2020 speaker profile: Genia Gurevitz (Head of Banking and Payments Services at Tal Ron, Drihem & Co.)

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