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Gentoo Media reports Q3 2024
Gentoo Media Inc., now solely an affiliate-focused business, reports record high revenues for the 15th consecutive quarter
Gentoo Media Inc. presents its Q3 2024 financial report, with record-high revenue of EUR 30.4 million, up 35% year-over-year, marking the 15th consecutive quarter of growth. During the quarter, the company completed the spin-off of its Platform & Sportsbook division and formally rebranded from Gaming Innovation Group Inc. to Gentoo Media.
Q3 highlights
- Gentoo Media reported all-time high revenues of € 30.4m, up 35% YoY, of which 12% organic growth.
- EBITDA before special items reached €14.6m, with an EBITDA margin of 48%.
- EBITDA after special items increased by 36% to €14.0m, with an EBITDA margin of 46% (46%).
- EBIT reached €10.0m, with a margin of 33% (32%).
- Focus on higher-value markets continued in Q3. Value of deposits increased 36% for the player base, while player intake reached 112,000, down 2% YoY.
- Gentoo Media is now purely an affiliate-focused business after distribution of the Platform & Sportsbook division to shareholders on 30 September 2024.
- Cash flow from operations will improve post-split, expanding capital allocation options moving forward
- Gentoo Media is now better positioned to deliver meaningful returns and create substantial value for our investors.
Investor presentation and webcast
CEO of Gentoo Media, Jonas Warrer, will host a presentation of the Q3 2024 results via livestream at 09:00 CET today.
The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.
The post Gentoo Media reports Q3 2024 appeared first on European Gaming Industry News.

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Relax Gaming gets the party started with Groovy Knights Dream Drop
Relax Gaming, the iGaming aggregator and supplier of unique content, has launched Groovy Knights Dream Drop, its latest slot release packed with funky features and lucrative jackpot potential.
Groovy Knights brings a fresh disco twist to the popular Dream Drop series, giving players the chance to spin their way to wins of up to 10,000x a Dream Drop jackpot worth up to €2 million, and if that wasn’t enough, brand-new Daily Jackpots as well.
Set across a vibrant 5×4 reel layout, Groovy Knights Dream Drop is designed to keep the energy high with features that include Knight Re-Spins, Walking Wilds, multipliers up to 100x, and a ‘second chance’ mechanic to keep players in the groove.
Landing one or more Knights triggers a Knight Re-Spin, where the funky knights dance across the reels, boosting wins and multipliers as they go. When two Knights meet, the Disco Knight Feature kicks in for even bigger rewards. Players looking to jump straight into the action can use the Buy Feature to guarantee an immediate Knight Re-Spin or a Disco Knight for maximum entertainment.
True to the Dream Drop name, the jackpot bonus can trigger on any spin when the word ‘Dream’ lands on the top row, giving players a shot at one of five progressive jackpots, including the new Daily Jackpot.
Relax Gaming continues to expand its award-winning portfolio with titles designed to deliver unique gameplay, innovative mechanics and market-leading jackpot experiences.
Kunal Patel-Smith, Game Production Director at Relax Gaming, said: “With Groovy Knights Dream Drop, we’ve brought together a fun disco theme with our proven Dream Drop mechanics and some fresh twists to keep players engaged. The combination of lively features, strong win potential, and a must-win jackpot makes this a standout addition to our growing Dream Drop family.”
The post Relax Gaming gets the party started with Groovy Knights Dream Drop appeared first on European Gaming Industry News.
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WA. Technology Launches New Global Sportsbook Managed Service
The post WA. Technology Launches New Global Sportsbook Managed Service appeared first on European Gaming Industry News.
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ClearStake ditches the passport with launch of revolutionary new ID product
ClearStake, the digital due diligence specialists for the iGaming industry, has released ID by Bank, a new player identity and verification product.
ID by Bank is designed to minimise operator exposure to identity fraud, while also significantly reducing the player drop-off when requesting physical ID documents.
The new product fundamentally changes the way operators can identify and verify players. By securely confirming name, address and date of birth in real time via a player’s banking app, ClearStake delivers a solution that meets the Gambling Commission’s requirements for electronic verification providers.
This innovation comes at a critical time for the industry, with operators facing rising levels of identity fraud, including false documentation, deepfake videos and face swaps generated by artificial intelligence. Meanwhile, opt-in rates for physical document scans also remain stubbornly low.
It is the first time such a product has been available to iGaming operators in the UK, dramatically streamlining compliance processes, increasing player opt-in rate and combating fraud.
Martin Burt, CEO at ClearStake, said: “We all know about the challenges around physical document requests, and how they adversely impact the customer experience at registration and for later life customer due diligence checks. This new product is a natural fit for the ClearStake solution, offering a pathway to something far more efficient, where players can be identified to the highest standards without needing to upload a passport or driver’s license. It’s a fundamental paradigm shift in how operators ID their players, and we’re excited to lead the way as the first to bring this to the iGaming industry.”
The post ClearStake ditches the passport with launch of revolutionary new ID product appeared first on European Gaming Industry News.
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