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ALPINE ANNOUNCES ULTIMATE CROSSOVER PARTNERSHIP WITH THE BLAST.tv PARIS MAJOR

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Alpine, part of the Renault Group, has announced a new partnership with the BLAST.tv Paris Major 2023. This partnership is the ultimate crossover between the automotive, motorsports and Counter Strike: Global Offensive (CS:GO) communities. Alpine will be the Official Automotive and Motorsport partner for the duration of the final stages of the Major, starting on May 8th with Challengers Stage through to the Champions Stage, taking place at the Accor Arena in Paris on May 18-21st, and will offer fans plenty to experience both inside and outside the arena.

Featuring the best 24 teams from across the globe competing for their share of a $1,250,000 USD prize pool, the BLAST.tv Paris Major 2023 is set to be one of the most highly anticipated events in the esports calendar. This year’s event is expected to draw in over 50k attendees and will be broadcast globally in more than 100+ territories and in 24 different languages.

The partnership between Alpine and the BLAST.tv Paris Major 23 embraces their joint ambition of celebrating all forms of competitive spirits. Born competitors, Alpine will use the partnership as a platform to raise the profile of racing within the esports community and connect both audiences with innovative activations at the event.

Alpine will be featured during the livestream across the Challengers, Legends and Champions Stage. For the final Champions Stage, Alpine will have a significant presence throughout the arena, with an A110 S on display and Alpine’s state-of-the-art simulator rigs from Trak Racer for attendees to try. CS:GO presenter and the host of the 2023 BAFTA Games Awards, Frankie Ward, will be the ambassador of the partnership and serve as the voice of Alpine at the event.

To align itself more closely with CS:GO aficionados, Alpine has partnered with Brock Hofer, the legendary CS:GO artist who has sold more than $3M worth of skins, who will unveil his latest creation at the event.

Further strengthening the relationship between the two brands, the BLAST.tv logo will be featured on the A523 during the 2023 Emilia Romagna Formula One Grand Prix. Fans will also be able to choose the gamertags for F1 drivers Esteban Ocon and Pierre Gasly during the Challengers & Legends phases, which will then proudly be displayed on both A523 during the same Grand Prix.

“The crossover between motorsport and CS:GO audiences is huge. While we always look for ways to grow our mainstream audience, it’s also fantastic to work with a community that is so passionate about competitive gaming. We are born competitors and are excited to align with an event that embodies competitive excellence”, said David Gendry, VP Sponsorship, Partnerships & Communication at Alpine. “A crossover like this hasn’t been trialled in esports before. We are very respectful of the CS:GO community which is why we wanted to engage with attendees in a way that would be natural, leaning on CS:GO icons to help us blend in with the scene.”

Robbie Douek, CEO of BLAST said: “The prospect of bringing together the passionate and fast-paced worlds of motorsport and competitive gaming through this partnership is hugely exciting for both brands. BLAST and Alpine share an ambition to bring fans to the very heart of our experiences and we have some exciting plans as part of this cross-collaboration. The BLAST.tv Paris Major is seen as one of esports’ pinnacle events of the year and provides the perfect platform to create unique activations for our audience in-arena and for those tuning in from all around the world in over 100+ territories.”

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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Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise

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Wizard Games is ready to deliver magic and mystery in its enchanted new release, Wynmor’s Tales – The Rise.

Players are faced with a 5×4 matrix, situated within an eerie mansion, looking to land mystic items across the slots 40 paylines.

If a spellbook lands on the fifth reel, then all Cash Symbols are collected, paying out magical rewards.

The Orb Treasures Feature ensures cash symbols that land are added to the collect meter if there is no spellbook present. If it fills up, then it can award prizes of up to 2,500x.

When three castle-themed scatter symbols land, the Lock N Spin bonus is triggered. Players are then given three respins where only cash symbols can land. If an entire reel is filled with symbols, then the scroll multiplier atop the reels is awarded.

Wynmor’s Tales – The Rise is designed as the first episode in a sequence of interconnected stories, showcasing Wizard Games’ dedication to expanding its varied gaming repertoire. It joins recent releases such as Surtr’s Fury and Chicken Burst. The provider’s diverse collection of titles now exceeds 150 titles and continues to expand.

Megan Easey, Director of Operations at Wizard Games, said: “Our latest release, Wynmor’s Tales – The Rise, promises magical wins cast through the innovative Cash Collect and Orb Treasures Feature as well as the Lock N Spin Bonus.

“We’re confident that players will love the immersive world of this title and hope it will appeal to a new demographic of players that can be captivated by the mechanics and the graphically advanced nature of our portfolio of content.”

Abhishek Singh, Game Producer at Wizard Games, said: “As well as the stunning visuals and adventurous spirit, the first slot of our latest series is extra special as it includes the face of our brand mascot– Wynmor!

“The sorcerer reflects Wizard Game’s enthralling offering and Wynmor’s Tales – The Rise treats players to an unforgettable experience that will have them on the edge of their seat for every spin.”

The post Wizard Games embarks on a spellbinding adventure in Wynmor’s Tales – The Rise appeared first on European Gaming Industry News.

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Raketech Announces Q1 2024 Results

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Raketech has announced its Q1 2024 financial results.

Q1 2024 Financial Highlights

  • Revenues in Q1 of 2024 totaled EUR 19.0 million (EUR 15.8 million), reflecting an organic growth increase of 20.1% (24.4%), driven by continued strong performance from sub-affiliation partially offset by weaker-than-expected results within affiliation marketing.
  • EBITDA, adjusted for restructuring costs, was EUR 5.1 million (EUR 6.1 million), impacted by a weaker performance in Sweden compared to the previous year and soft performance of the Casumba assets following the Google Core update during the quarter. Other regions and products performed well, with sub-affiliation delivering a strong quarter in terms of EBITDA contribution.
  • Operating profit, adjusted for costs related to re-structuring, amounted to EUR 2.0 million (EUR 3.8 million).
  • Free cash flow before earnouts increased to EUR 6.5 million (EUR 5.6 million) with a positive working capital development from trade receivables.
  • Earnouts settled during the quarter amounted to EUR 13.0 million.

Full-Year Outlook

Current trading, including April, implies an adjusted EBITDA of around EUR 20.0 million for the full year. Free cash flow before earnouts for the full year is estimated to come in just below adjusted EBITDA.

Subsequent Events After the End of the Period

On May 14, 2024, the board decided to withdraw its previously announced proposal to distribute dividends in 2024, in line with its commitment to maintaining financial flexibility and supporting the company’s long term growth ambitions. The primary focus is delivering value to shareholders and continuing to evaluate opportunities to enhance shareholder returns in a way that aligns with the Company’s long-term value-creation objectives.

Current Trading

Revenues in April 2024 amounted to EUR 5.9 million (EUR 5.9 million).

Raketech Acting CEO Johan Svensson said: “In the first quarter of 2024, we delivered EUR 19.0 million in revenues, representing an organic increase of 20.1%, primarily driven by Sub-affiliation. Adjusted EBITDA came in at EUR 5.1 million, while EBITDA was EUR 4.3 million, consistent with our trading update published on 1 May. We remain confident in our market-leading product offerings and see promising growth opportunities through our strategic initiatives in sports offerings, exclusive partnerships, and media deals. These efforts will position us well for continued growth in the coming years, and we remain committed to maximizing shareholder value.”

The post Raketech Announces Q1 2024 Results appeared first on European Gaming Industry News.

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IGT Reports First Quarter 2024 Results

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International Game Technology PLC has reported financial results for the first quarter ended March 31, 2024.

“Innovative game, hardware, and systems solutions drove better-than-expected Global Lottery and Gaming & Digital performance in the first quarter. As a result, we are upgrading our full-year 2024 revenue and profit goals, which reflect broad-based momentum across key performance indicators in the balance of the year. We continue to make progress on separating Global Lottery from Gaming & Digital and preparing for the proposed transaction with Everi,” Vince Sadusky, CEO of IGT, said.

Key Highlights:

  • Announced Gaming & Digital business to be spun off and combined with Everi Holdings Inc.; transaction expected to close in late 2024/early 2025
  • Recognised with top honours at ICE London 2024 awards programmes including “Lottery Product of the Year” and “Best Diversity and Inclusion Employer”
  • Received a supply contract extension from the UK National Lottery
  • Executed licensing agreement with the Maryland Lottery for IGT’s patented Cash Pop draw-based game
  • Mystery of the Lamp named “Top Performing New Premium Game” at 2024 EKG Slot Awards Show
  • Awarded contract to provide PeakDual 27 video lottery terminals across Quebec
  • Launched iGaming content in Rhode Island
  • Achieved AAA MSCI ESG rating, the highest rating possible, and earned a gold medal sustainability rating from EcoVadis.

“We delivered a record organic profit performance in the first quarter, if we exclude Separation & divestiture costs. The Company is operating from a position of strength with historically low net debt leverage, ample liquidity, and manageable near-term debt maturities,” Max Chiara, CFO of IGT, said.

The post IGT Reports First Quarter 2024 Results appeared first on European Gaming Industry News.

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