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ZEAL Network Reports Good Start to 2021

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ZEAL Network Reports Good Start to 2021
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German online lottery products provider ZEAL Network SE has reported a good start to 2021, with the company increasing its revenue, profitability and achieving a strong gross margin.

In the first quarter of 2021, billings rose by 17% to EUR 163.31 million (2020: EUR 140.0 million), of which the Germany segment accounted for almost the entire amount at EUR 163.3 million (2020: EUR 139.7 million). Revenue increased by as much as 19% to EUR 22.6 million (2020: EUR 19.0 million), of which EUR 21.1 million was attributable to the Germany segment (2020: EUR 17.0 million). At 12.7%, the gross margin in the Germany segment was above the prior-year level (2020: 12.1%).

During the fiscal period, the Company gained 156 thousand new registered customers in the Germany segment (2020: 206 thousand). Adjusted EBITDA rose to EUR 4.6 million (2020: EUR 2.8 million) – there were no non-recurring expenses or income. The Germany segment accounted for EUR 4.1 million of this amount (2020: EUR 1.9 million). EBIT and net profit of EUR 2.4 million and EUR 2.5 million, respectively, were also well above the prior-year figures (2020: EUR 0.0 million and EUR 0.1 million, respectively).

“We are pleased that, following the LOTTO24 takeover, the business model change and the organisational adjustments, we will again be able to publish truly comparable figures in the current and previous reporting periods with the first quarter of 2021. In addition, we already demonstrated in the past year that we are capable of exploiting market opportunities, adapting to dynamic environments and continuously fine-tuning our business model. We are consistently continuing along this path,” Jonas Mattsson, CFO of ZEAL Network SE, said.

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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Expansion of Amusnet and Olybet partnership into Spain

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With successful operations on Olybet in Estonia, Latvia, Lithuania, Croatia, and Italy, Amusnet is proud to extend its reach to Spain through a partnership with Olybet.es. This collaboration reflects Amusnet’s ongoing commitment to expanding its global footprint and providing innovative gaming solutions across diverse markets.

“Being already live on Olybet in different European countries, we are excited to introduce our diverse portfolio of games to Spanish players through the esteemed operator. This partnership is another successful step in the company’s strategic expansion focused on solidifying Amusnet’s position as a leading global gaming provider,” said Edwin Cruz, Managing Director at Amusnet Spain.

“We are excited about this collaboration between Olybet and Amusnet in the Spanish market! Considering that Amusnet is a provider with whom we are currently present in other markets, we know that this commitment follows the dynamic of providing the best possible experience to our users through innovative and quality content. Welcome aboard, Amusnet! Together, we will take the excitement of the casino to the next level,” commented Raúl García, Casino Manager at Olybet.es.

The partnership of the company and the operator in Spain kicks off by launching a batch of 40 games, some of which are 20 Golden Coins, 100 Power Hot, Extra Crown, Shining Crown, Cocktail Rush, Secrets of Sherwood, Fruits & Gold, Diamond Plus, 40 Super Hot, Candy Palace, Phoenix Star, 40 Bulky Fruits, Burning Hot, 20 Hot Blast, Flaming Hot Extreme. Players will be able to enjoy a variety of slots with different volatilities, paylines and themes.

20 Golden Coins is an innovative, modern video slot with immersive graphics and thrilling features like Mystery Nudge and Bonus Coins. Players can dive into the medieval theme of Secrets of Sherwood, which offers adventurous gameplay filled with hidden riches, stacked symbols and exciting Free Spins.

The post Expansion of Amusnet and Olybet partnership into Spain appeared first on European Gaming Industry News.

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Bacta issues rallying call following General Election delay to gambling reforms

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Bacta, the trade body which represents the UK low stake gaming and amusements sectors is urging an incoming government to ‘finish the job’ of modernising gambling regulations and in the process to continue the industry’s support of regional economies throughout the country.

In a message to members released shortly after Prime Minister Rishi Sunak called a surprise General Election for July 4th, Bacta President John Bollom said: “A snap General Election was always the biggest risk to getting the Gambling White Paper reforms passed into law.

“I am asking every Bacta member to contact their parliamentary candidates – especially the Labour Party candidates – to encourage them to support the land-based gambling reforms.

“We will be issuing advice to members on how to do this in the coming days.

“It is imperative, if there is a change in Government, that the Labour Party finishes the job and supports modernisation of our sector to support both the High Street and seaside towns.

“The reforms are so vital for our sector. I like to think they may have been delayed not derailed. Our campaign continues.”

The post Bacta issues rallying call following General Election delay to gambling reforms appeared first on European Gaming Industry News.

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Swedish BOS rejects the proposal “A new ban on gambling on credit”

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The Swedish Trade Association for Online Gambling (BOS) submits its statement to the Ministry of Finance on the memorandum “A new ban on gambling on credit”, in which a ban on credit cards for gambling is proposed.

BOS rejects the proposal. This is justified by Gustaf Hoffstedt, Secretary General of the Swedish Trade Association for Online Gambling, among other things through the proposal’s negative consequences on channelization.

If the government nevertheless goes ahead with the proposal, BOS proposes that the obligation not to mediate payments for gambling purposes be imposed on those issuing credit cards rather than on gambling operators. In this way, it will be prohibited for credit card issuers, under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen), to mediate payments via credit cards for all gambling companies, including illegal and/or unlicensed gambling companies. Almost half of the Swedish online casino market is unlicensed and/or illegal due to heavy restrictions of the licensed market.

In the name of consumer protection Sweden should not add new restrictions on consumers that still place their bets on the legal gambling market. That is the main reason for us to turn this suggestion down. Should the government want to proceed with a credit card prohibition on gambling, we suggest that such restriction is directed not towards gambling operators but credit card issuers, since the latter are also serving the half of the market that is illegal and unlicensed, says Gustaf Hoffstedt.

 

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