Press Releases

Century Casinos, Inc. Announces Second Quarter 2018 Results

Published

6 years ago

August 8, 2018

COLORADO SPRINGS, Colo., Aug. 8, 2018 – Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and six months ended June 30, 2018.

Second Quarter 2018 Highlights*

Net operating revenue was $39.6 million, an increase of 6% from the three months ended June 30, 2017.
Earnings from operations were $1.0 million, a decrease of 73% from the three months ended June 30, 2017.
Net earnings attributable to Century Casinos, Inc. shareholders was $0.3 million, a decrease of 82% from the three months ended June 30, 2017.
Adjusted EBITDA** was $4.7 million, a decrease of 27% from the three months ended June 30, 2017.
Earnings per share were $0.01.
Book value per share*** at June 30, 2018 was $6.02.

The consolidated results for the three and sx months ended June 30, 2018 and 2017 are as follows:


	For the three months						For the six months
Amounts in thousands, except per share data	ended June 30,						ended June 30,
Consolidated Results:			2018		2017	% Change			2018		2017	% Change
Net Operating Revenue		$	39,648	$	37,330	6%		$	80,270	$	73,729	9%
Earnings from Operations			996		3,641	(73%)			4,249		8,133	(48%)
Net Earnings Attributable to Century Casinos, Inc. Shareholders		$	317	$	1,802	(82%)		$	1,244	$	3,962	(69%)

Adjusted EBITDA**		$	4,661	$	6,412	(27%)		$	11,226	$	13,131	(15%)

Earnings Per Share:
Basic and Diluted		$	0.01	$	0.07	(86%)		$	0.04	$	0.16	(75%)

“This quarter represented an important period for the long-term success of the Company. We opened our casino in Bath, England in May; we laid the foundation of a land-based presence in Asia with our Vietnam project; and we are finally seeing stability in Poland where we now hold eight casino licenses,” Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. “We are pleased with the growth of net operating revenue driven by strong performances in Canada, which increased 5% in local currency, and Colorado, which increased 7%,” they continued. “Adjusted EBITDA was lower compared to prior year results due to additional non-recurring expenses related to the licensing situation in Poland and the opening of the casino in Bath,” Haitzmann and Hoetzinger concluded.

Reportable Segment Results*
The table below shows the Company’s operating segments that are included in each of the Company’s reportable segments as of June 30, 2018:

Reportable Segment	Operating Segment
Canada	Century Casino & Hotel – Edmonton
Canada	Century Casino St. Albert
Canada	Century Casino Calgary
Canada	Century Downs Racetrack and Casino
Canada	Century Bets!
Canada	Century Mile Racetrack and Casino
United States	Century Casino & Hotel – Central City
United States	Century Casino & Hotel – Cripple Creek
Poland	Casinos Poland
Corporate and Other	Cruise Ships & Other
Corporate and Other	Century Casino Bath
Corporate and Other	Corporate Other

The Company’s net operating revenue increased by $2.3 million, or 6%, and by $6.5 million, or 9%, for the three and six months ended June 30, 2018, compared to the three and six months ended June 30, 2017. Following is a summary of the changes in net operating revenue by reportable segment for the three and six months ended June 30, 2018, compared to the three and six months ended June 30, 2017:


	Net Operating Revenue
	For the three months							For the six months
	ended june 30,							ended June 30,
Amounts in thousands	2018		2017		$ Change		% Change	2018		2017		$ Change		% Change
Canada	$	15,331	$	14,040	$	1,291	9%	$	30,004	$	27,202	$	2,802	10%
United States		8,476		7,943		533	7%		16,183		15,443		740	5%
Poland		14,567		14,287		280	2%		31,949		28,833		3,116	11%
Corporate and Other		1,274		1,060		214	20%		2,134		2,251		(117)	(5%)
Consolidated	$	39,648	$	37,330	$	2,318	6%	$	80,270	$	73,729	$	6,541	9%

The Company’s earnings from operations decreased by ($2.6) million, or (73%), and by ($3.9) million, or (48%), for the three and six months ended June 30, 2018, compared to the three and six months ended June 30, 2017. Following is a summary of the changes in earnings (loss) from operations by reportable segment for the three and six months ended June 30, 2018, compared to the three and six months ended June 30, 2017:


	Earnings (Loss) from Operations
	For the three months							For the six months
	ended June 30,							ended June 30,
Amounts in thousands	2018		2017		$ Change		% Change	2018		2017		$ Change		% Change
Canada	$	3,785	$	3,647	$	138	4%	$	7,340	$	6,694	$	646	10%
United States		1,548		1,346		202	15%		2,724		2,504		220	9%
Poland		(1,351)		636		(1,987)	(312%)		(329)		2,442		(2,771)	(114%)
Corporate and Other		(2,986)		(1,988)		(998)	(50%)		(5,486)		(3,507)		(1,979)	(56%)
Consolidated	$	996	$	3,641	$	(2,645)	(73%)	$	4,249	$	8,133	$	(3,884)	(48%)

Net earnings attributable to Century Casinos, Inc. shareholders decreased by ($1.5) million, or (82%), and by ($2.7) million, or (69%), for the three and six months ended June 30, 2018, compared to the three and six months ended June 30, 2017. Following is a summary of the changes in net earnings (loss) attributable to Century Casinos, Inc. shareholders by reportable segment for the three and six months ended June 30, 2018, compared to the three and six months ended June 30, 2017:


	Net Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders
	For the three months							For the six months
	ended June 30,							ended June 30,
Amounts in thousands	2018		2017		$ Change		% Change	2018		2017		$ Change		% Change
Canada	$	1,947	$	1,823	$	124	7%	$	3,972	$	3,306	$	666	20%
United States		1,151		836		315	38%		2,025		1,553		472	30%
Poland		(776)		435		(1,211)	(278%)		(246)		1,518		(1,764)	(116%)
Corporate and Other		(2,005)		(1,292)		(713)	(55%)		(4,507)		(2,415)		(2,092)	(87%)
Consolidated	$	317	$	1,802	$	(1,485)	(82%)	$	1,244	$	3,962	$	(2,718)	(69%)

Items deducted from or added to earnings from operations to arrive at net earnings (loss) attributable to Century Casinos, Inc. shareholders include interest income, interest expense, gains (losses) on foreign currency transactions and other, income tax expense and non-controlling interests.

The Company’s Adjusted EBITDA** decreased by ($1.8) million, or (27%), and by ($1.9) million, or (15%), for the three and six months ended June 30, 2018 compared to the three and six months ended June 30, 2017. Following is a summary of the changes in Adjusted EBITDA** by reportable segment for the three and six months ended June 30, 2018 compared to the three and six months ended June 30, 2017:


	Adjusted EBITDA**
	For the three months							For the six months
	ended June 30,							ended June 30,
Amounts in thousands	2018		2017		$ Change		% Change	2018		2017		$ Change		% Change
Canada	$	4,992	$	4,502	$	490	11%	$	9,702	$	8,381	$	1,321	16%
United States		2,091		1,964		127	7%		3,811		3,732		79	2%
Poland		153		1,574		(1,421)	(90%)		2,256		3,952		(1,696)	(43%)
Corporate and Other		(2,575)		(1,628)		(947)	(58%)		(4,543)		(2,934)		(1,609)	(55%)
Consolidated	$	4,661	$	6,412	$	(1,751)	(27%)	$	11,226	$	13,131	$	(1,905)	(15%)

* Amounts presented are rounded. As such, rounding differences could occur in period over period changes and percentages reported.
** Adjusted EBITDA and Adjusted EBITDA margin are Non-GAAP financial measures. See discussion and reconciliation of Non-GAAP financial measures in Supplemental Information below.
*** The Company defines book value per share as total Century Casinos, Inc. shareholders’ equity divided by outstanding common shares.

Balance Sheet and Liquidity
As of June 30, 2018, the Company had $54.4 million in cash and cash equivalents and $54.3 million in outstanding debt on its balance sheet compared to $74.7 million in cash and cash equivalents and $56.7 million in outstanding debt at December 31, 2017. The outstanding debt as of June 30, 2018included $34.0 million related to the Company’s BMO Credit Agreement, $2.8 million of bank debt related to Casinos Poland, $2.6 million of bank debt related to Century Casino Bath, $0.3 millionrelated to capital leases for Century Resorts Alberta, Century Casino Calgary, Century Casino St. Albert, Century Downs Racetrack and Casino (“CDR”) and Century Mile Racetrack and Casino, and $14.8 million related to a long-term land lease for CDR, net of $0.2 million in deferred financing costs.

Conference Call Information
Today the Company will post a copy of its quarterly report on Form 10-Q filed with the SEC for the quarter ended June 30, 2018 on its website at http://corporate.cnty.com/investor-relations/sec-filings. The Company will also post a presentation on the second quarter results on its website at http://corporate.cnty.com/investor-relations/presentations-and-interviews.

The Company will host its second quarter 2018 earnings conference call tomorrow, Thursday, August 9^th, at 8:00 am MDT; 4:00 pm CEST, respectively. U.S. domestic participants should dial 1-844-244-9160. For all international participants, please use 330-931-4670 to dial-in. Participants may listen to the call live at https://centurycasinos.adobeconnect.com/earningsrelease or obtain a recording of the call on the Company’s website until August 31, 2018 at http://corporate.cnty.com/investor-relations/sec-filings.

CENTURY CASINOS, INC. AND SUBSIDIARIES FINANCIAL INFORMATION – US GAAP BASIS
Condensed Consolidated Statements of Earnings

	For the three months					For the six months
	ended June 30,					ended June 30,
Amounts in thousands, except for per share information		2018		2017			2018		2017
Operating revenue:
Net operating revenue		$	39,648	$	37,330		$	80,270	$	73,729
Operating costs and expenses:
Total operating costs and expenses			38,651		33,689			76,020		65,596
Loss from equity investment			(1)		—			(1)		—
Earnings from operations			996		3,641			4,249		8,133
Non-operating income (expense), net			(885)		(607)			(1,838)		(1,304)
Earnings before income taxes			111		3,034			2,411		6,829
Income tax provision			(14)		(864)			(993)		(1,859)
Net earnings			97		2,170			1,418		4,970
Net loss (earnings) attributable to non-controlling interests			220		(368)			(174)		(1,008)
Net earnings attributable to Century Casinos, Inc. shareholders		$	317	$	1,802		$	1,244	$	3,962

Earnings per share attributable to Century Casinos, Inc.:
Basic		$	0.01	$	0.07		$	0.04	$	0.16
Diluted		$	0.01	$	0.07		$	0.04	$	0.16

Weighted average common shares
Basic			29,376		24,466			29,369		24,460
Diluted			29,974		24,962			29,984		24,911

CENTURY CASINOS, INC. AND SUBSIDIARIES FINANCIAL INFORMATION – US GAAP BASIS
Condensed Consolidated Balance Sheets
(Amounts in thousands)
	June 30,		December 31,
	2018		2017
Assets
Current assets	$	63,188	$	84,321
Property and equipment, net		169,809		152,778
Other assets		36,410		37,777
Total assets	$	269,407	$	274,876

Liabilities and Equity
Current liabilities	$	37,198	$	34,438
Non-current liabilities		47,960		53,120
Century Casinos, Inc. shareholders’ equity		176,884		179,897
Non-controlling interests		7,365		7,421
Total liabilities and equity	$	269,407	$	274,876

CENTURY CASINOS, INC. AND SUBSIDIARIES SUPPLEMENTAL INFORMATION
Constant Currency* Results (unaudited)

	For the three months					For the six months
	ended June 30,					ended June 30,
Amounts in thousand		2018		2017	% Change		2018		2017	% Change
Net operating revenue as reported (GAAP)	$	39,648	$	37,330	6%	$	80,270	$	73,729	9%
Foreign currency impact vs. 2017		(1,608)					(5,035)
Net operating revenue constant currency (non-GAAP)*	$	38,040	$	37,330	2%	$	75,235	$	73,729	2%

Earnings from operations (GAAP)	$	996	$	3,641	(73%)	$	4,249	$	8,133	(48%)
Foreign currency impact vs. 2017		(16)					(230)
Earnings from operations constant currency (non-GAAP)*	$	980	$	3,641	(73%)	$	4,019	$	8,133	(51%)

Net earnings attributable to Century Casinos, Inc.shareholders as reported (GAAP)	$	317	$	1,802	(82%)	$	1,244	$	3,962	(69%)
Foreign currency impact vs. 2017		(10)					(61)
Net earnings attributable to Century Casinos, Inc. shareholders constant currency (non- GAAP)*	$	307	$	1,802	(83%)	$	1,183	$	3,962	(70%)

Gains and losses on foreign currency transactions are added back to net earnings in the Company’s Adjusted EBITDA** calculations. As such, there is no foreign currency impact to Adjusted EBITDA** when calculating Constant Currency* results.

Adjusted EBITDA Margins *** (unaudited)
	For the three months		For the six months
	ended June 30,		ended June 30,
	2018	2017	2018	2017
Canada	33%	32%	32%	31%
United States	25%	25%	24%	24%
Poland	1%	11%	7%	14%
Corporate and Other	(202%)	(154%)	(213%)	(130%)
Consolidated Adjusted EBITDA Margin	12%	17%	14%	18%

CENTURY CASINOS, INC. AND SUBSIDIARIES SUPPLEMENTAL INFORMATION
Reconciliation of Adjusted EBITDA ** to Net Earnings (Loss) Attributable to Century Casinos, Inc. Shareholders by Reportable Segment.
	For the three months ended June 30, 2018
Amounts in thousands		Canada		United States		Poland		Corporate and Other		Total
Net earnings (loss)		$	1,947	$	1,151	$	(776)	$	(2,005)	$	317
Interest expense (income), net			1,020		—		36		19		1,075
Income taxes (benefit)			684		397		(210)		(857)		14
Depreciation and amortization			798		546		673		153		2,170
Net earnings (loss) attributable to non- controlling interests			199		—		(389)		(30)		(220)
Non-cash stock-based compensation			—		—		—		232		232
Gain on foreign currency transactions and cost recovery income			(65)		—		(12)		(113)		(190)
Loss (Gain) on disposition of fixed assets			1		(3)		831		—		829
Pre-opening expenses			408		—		—		26		434
Adjusted EBITDA		$	4,992	$	2,091	$	153	$	(2,575)	$	4,661


	For the three months ended June 30, 2017
Amounts in thousands		Canada		United States		Poland		Corporate and Other		Total
Net earnings (loss)		$	1,823	$	836	$	435	$	(1,292)	$	1,802
Interest expense (income), net			867		—		29		(8)		888
Income taxes (benefit)			794		510		198		(638)		864
Depreciation and amortization			845		618		472		83		2,018
Net earnings attributable to non- controlling interests			150		—		218		—		368
Non-cash stock-based compensation			—		—		—		126		126
Loss (gain) on foreign currency transactions and cost recovery income			13		—		(244)		(50)		(281)
Loss on disposition of fixed assets			10		—		241		—		251
Acquisition costs			—		—		—		151		151
Pre-opening expenses			—		—		225		—		225
Adjusted EBITDA		$	4,502	$	1,964	$	1,574	$	(1,628)	$	6,412


	For the six months ended June 30, 2018
Amounts in thousands		Canada		United States		Poland		Corporate and Other		Total
Net earnings (loss)		$	3,972	$	2,025	$	(246)	$	(4,507)	$	1,244
Interest expense (income), net			1,959		—		110		18		2,087
Income taxes (benefit)			1,219		699		112		(1,037)		993
Depreciation and amortization			1,670		1,086		1,322		245		4,323
Net earnings (loss) attributable to non- controlling interests			328		—		(124)		(30)		174
Non-cash stock-based compensation			—		—		—		347		347
(Gain) loss on foreign currency transactions and cost recovery income			(138)		—		(181)		70		(249)
Loss on disposition of fixed assets			3		1		858		1		863
Pre-opening expenses			689		—		405		350		1,444
Adjusted EBITDA		$	9,702	$	3,811	$	2,256	$	(4,543)	$	11,226


	For the six months ended June 30, 2017
Amounts in thousands		Canada		United States		Poland		Corporate and Other		Total
Net earnings (loss)		$	3,306	$	1,553	$	1,518	$	(2,415)	$	3,962
Interest expense (income), net			1,785		—		16		(12)		1,789
Income taxes (benefit)			1,324		951		612		(1,028)		1,859
Depreciation and amortization			1,648		1,228		1,044		183		4,103
Net earnings attributable to non- controlling interests			248		—		760		—		1,008
Non-cash stock-based compensation			—		—		—		235		235
Loss (gain) on foreign currency transactions and cost recovery income			31		—		(464)		(52)		(485)
Loss on disposition of fixed assets			11		—		241		3		255
Acquisition costs			28		—		—		152		180
Pre-opening expenses			—		—		225		—		225
Adjusted EBITDA		$	8,381	$	3,732	$	3,952	$	(2,934)	$	13,131

CENTURY CASINOS, INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION

* The impact of foreign exchange rates is highly variable and difficult to predict. The Company uses a Constant Currency basis to show the impact from foreign exchange rates on current period revenue compared to prior period revenue using the prior period’s foreign exchange rates. In order to properly understand the underlying business trends and performance of the Company’s ongoing operations, management believes that investors may find it useful to consider the impact of excluding changes in foreign exchange rates from the Company’s net operating revenue, earnings from operations and net earnings (loss) attributable to Century Casinos, Inc. shareholders. Constant currency results are calculated by dividing the current quarter or year to date local currency segment results, excluding the local currency impact of foreign currency gains and losses, by the prior year’s average exchange rate for the quarter or year to date and comparing them to actual U.S. dollar results for the prior quarter or year to date. The average exchange rates for the current quarter and the prior year second quarter are reported in Item 1 of the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2018. Constant currency information is not a measure of financial performance under generally accepted accounting principles in the United States of America (GAAP) and should not be considered a substitute for net operating revenue, earnings from operations or net earnings attributable to Century Casinos, Inc. shareholders as determined in accordance with GAAP.

** The Company defines Adjusted EBITDA as net earnings (loss) attributable to Century Casinos, Inc. shareholders before interest expense (income), net, income taxes (benefit), depreciation, amortization, non-controlling interest net earnings (loss) and transactions, pre-opening expenses, acquisition costs, non-cash stock-based compensation charges, asset impairment costs, (gain) loss on disposition of fixed assets, discontinued operations, (gain) loss on foreign currency transactions and other, gain on business combination and certain other one-time items, such as acquisition and disposition costs and gain or loss. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings (loss) and Adjusted EBITDA reported for each segment. Not all of the aforementioned items occur in each reporting period, but have been included in the definition based on historical activity. These adjustments have no effect on the consolidated results as reported under GAAP. Adjusted EBITDA is not considered a measure of performance recognized under GAAP. Management believes that Adjusted EBITDA is a valuable measure of the relative performance of the Company and its properties. The gaming industry commonly uses Adjusted EBITDA as a method of arriving at the economic value of a casino operation. Management uses Adjusted EBITDA to compare the relative operating performance of separate operating units by eliminating the above mentioned items associated with the varying levels of capital expenditures for infrastructure required to generate revenue and the often high cost of acquiring existing operations. Adjusted EBITDA is used by the Company’s lending institution to gauge operating performance. The Company’s computation of Adjusted EBITDA may be different from, and therefore may not be comparable to, similar measures used by other companies within the gaming industry. Please see the reconciliation of Adjusted EBITDA to net earnings (loss) attributable to Century Casinos, Inc. shareholders above.

*** The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by net operating revenue. Adjusted EBITDA margin is a non- GAAP measure. Management uses this margin as one of several measures to evaluate the efficiency of the Company’s casino operations.

CENTURY CASINOS, INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION

About Century Casinos, Inc.:

Century Casinos, Inc. is an international casino entertainment company that operates worldwide. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada and the Century Casino in Calgary and St. Albert, Alberta, Canada and in Bath, England. Through its Austrian subsidiary, Century Resorts Management GmbH (“CRM”), formerly Century Casinos Europe GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner of eight casino licenses throughout Poland. Six of the casinos in Poland are operating as of August 8, 2018. The Company, through CRM, also holds 75% ownership interests in both CDR, which operates in the north metropolitan area of Calgary, Alberta, Canada, and Century Bets! Inc., which operates the pari-mutuel off-track horse betting network in southern Alberta, Canada. The Company holds a 51% ownership interest in Golden Hospitality Ltd., a company that manages a hotel and international entertainment and gaming club in Vietnam. The Company operates 13 ship-based casinos under agreements with four cruise ship owners. The Company, through CRM, also owns a 7.5% interest in, and provides consulting services to, Mendoza Central Entretenimientos S.A., a company that provides gaming-related services to Casino de Mendoza in Mendoza, Argentina. The Company is also developing Century Mile Racetrack and Casino in Edmonton, Alberta, Canada. The Company continues to pursue other international projects in various stages of development.

Century Casinos’ common stock trades on The Nasdaq Capital Market® under the symbol CNTY.

For more information about Century Casinos, visit our website at www.cnty.com.

CENTURY CASINOS, INC. AND SUBSIDIARIES
SUPPLEMENTAL INFORMATION

This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding future results of operations, operating efficiencies, synergies and operational performance, the prospects for and timing and costs of new projects, projects in development and other opportunities, including the Century Mile, Bermuda and Vietnam projects, debt repayment, investments in joint ventures, outcomes of legal proceedings, changes in our tax provisions or exposure to additional income tax liabilities, and plans for our casinos and our Company. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled “Risk Factors” under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2017 and in subsequent periodic and current SEC filings we may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.

Source: Press Releases Published on European Gaming Media Network

George Miller

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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Gates of Olympys claimed the title of the most popular game in Asia in Q4 2022, and has maintained its leading position since. Meanwhile, another popular game, Bonanza Billion, has experienced fluctuations in its rankings within the top five since the end of the previous year. The Total Bets Sums of Aviator increased twofold during the first half of this year, propelling the game into a leadership position. In contrast, the once-popular game, Hot Fruits, lost its foothold in the top rankings during the second quarter of 2023.

As for the most successful game providers in Asia, it should be noted that Evolution, Pragmatic Play and BGaming have continually jostled for positions within the top five over the past four quarters under review. Play’n Go and Amatic ceded their places in the rankings to 1spin4win and Amusnet (EGT), with the latter heading the list in Q2 2023.

Tatyana Kaminskaya, Head of SOFTSWISS Game Aggregator, comments: “The popularity of the Aviator game can be explained by simple interface and fast payouts. What sets it apart even further is its distinctive gameplay mechanics, which significantly differ from other crush games in the market. Notably, Aviator provides players with the illusion of “control” over the game, adding an extra level of excitement and intrigue.”

Latin America

The top five of the most popular game categories in LatAm have remained consistent over the last year, with almost 60% of these categories dominated by slots.

The current top five most popular games are as follows:

Roleta Brasileiri – 8.27%
Aviator – 5.97%
Gates of Olympus – 5.24%
Sweet Bonanza – 3.44%
Crazy Time – 3.14%

Notably, Aviator surged to the top in Q4 2022, experiencing a significant increase in the Total Bets Sum, nearly 170 mln euro more in comparison with the previous quarter. This success propelled its provider, Spribe, from the tenth place in Q3 2022 to the fourth in Q2 2023, displacing Play’n GO from the top five. Other providers, specifically Pragmatic Play, Evolution, Playtech, and BGaming, remained in the top with minor shifts in their rankings over the past year.

The top five most popular games account for approximately 25% of the Total Bets Sum across all games in Latin America, while in Europe and Asia the same covers around 10%. Another noteworthy market trend is the displacement of slots with roulette, and the growing preference for live games.

Carla Dualid, Regional Business Development Manager at SOFTSWISS in LatAm, comments: “Players in Latin America in the context of online gambling may differ from players in Europe in several ways. Most Latin American players bet through mobile devices and prefer online play. Local casino slot players tend to place small but regular bets, which distinguishes them from European online casino players, who, in turn, bet less frequently, but wager larger sums on slots. Speaking about the LatAm market, we should keep in mind that Brazil is the most active player in it. Such factors as economic potential, increasing Internet penetration, mobile accessibility, and regulatory changes are making the Brazilian market more attractive for operators.”

About SOFTSWISS

SOFTSWISS is an international iGaming company supplying certified software solutions for managing gambling operations. The expert team, which counts 1,400 employees, is based in Malta, Poland, Georgia, and Belarus. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

iGaming

Hop into Fun and Prizes with Easter Plinko Slot: Unleash the Easter Magic!

Published

9 months ago

July 14, 2023

Hunor Pal

Easter is just around the corner, and what better way to celebrate than by hopping into the exciting world of Easter Slot Plinko? Get ready to unleash the Easter magic with this thrilling slot game that promises fun, prizes, and endless entertainment. Whether you’re a seasoned slot player or new to the game, Easter Plinko Slot offers an unforgettable experience that will leave you craving for more.

Discover the Charm of Easter Plinko Slot

As you embark on this magical Easter adventure, you’ll be greeted with a visually stunning and engaging slot game. The captivating graphics and vibrant colors bring the Easter theme to life, immersing you in a world of bunnies, eggs, and all things festive. Each spin of the reels is like opening a surprise Easter egg, filled with excitement and anticipation.

Easter Plinko Slot is designed to cater to players of all skill levels, ensuring that everyone can have a fantastic time. Whether you’re a casual player looking for some lighthearted entertainment or a high roller seeking big wins, this slot game has something for everyone.

Experience Unmatched Gameplay

One of the highlights of Easter Plinko Slot is its intuitive gameplay that keeps you engaged from start to finish. The mechanics are easy to understand, allowing you to quickly dive into the action without any confusion. Simply place your bet, spin the reels, and watch as the symbols align to create winning combinations.

The game offers a variety of features that enhance the overall gaming experience. From wild symbols that multiply your winnings to exciting bonus rounds that unlock hidden treasures, Easter Plinko Slot keeps you on your toes with every spin. The element of surprise and unpredictability makes each playthrough exhilarating, ensuring that boredom is never an option.

Unlock the Easter Magic with Exciting Bonuses

When it comes to bonuses, Easter Plinko Slot knows how to keep things interesting. The game offers a range of thrilling bonus features that add an extra layer of excitement to your gameplay. From free spins that increase your chances of winning to mini-games that offer lucrative prizes, Easter Plinko Slot takes Easter celebrations to a whole new level.

As you spin the reels, keep an eye out for special symbols that trigger these bonus features. They could be the key to unlocking massive wins and discovering hidden treasures. The more you play, the more opportunities you have to experience the magic of Easter Plinko Slot.

Enjoy Easter Fun Anytime, Anywhere

With Easter Plinko Slot, the fun never has to end. Thanks to its mobile compatibility, you can enjoy this exciting slot game anytime, anywhere. Whether you’re on the go or relaxing at home, simply whip out your smartphone or tablet, and you’re ready to embark on an Easter adventure.

The seamless gameplay and optimized mobile interface ensure that you can fully immerse yourself in the Easter magic, no matter the device you choose to play on. So, whether you’re waiting for the Easter bunny or simply looking to pass the time, Easter Plinko Slot has got you covered.

Conclusion

As Easter approaches, it’s time to embrace the festive spirit and dive into the world of Easter Plinko Slot. Unleash the Easter magic and hop into a world of fun, prizes, and endless entertainment. With its stunning visuals, intuitive gameplay, and exciting bonuses, Easter Plinko Slot offers an unforgettable experience that will keep you coming back for more.

Get ready to embark on an Easter adventure like no other and let the charm of Easter Plinko Slot captivate you. Spin the reels, unlock bonuses, and watch as the Easter magic unfolds before your eyes. It’s time to celebrate Easter in style with Easter Plinko Slot!

Latest News

Slotegrator unveils an interactive world map of gambling regulations

Published

1 year ago

February 28, 2023

George Miller

Slotegrator’s new interactive map is already available on the company’s website. Map users are only a click away from a comprehensive drilldown of land-based and online casino gaming and sports betting regulations in every country around the world, making Slotegrator the first iGaming company to offer such a valuable interactive resource.

Covering the legal status of different forms of gambling in 197 countries and other territories, the interactive map offers a quick, top-down view of global gambling regulations (though it is not intended as legal advice).

“It’s a veritable encyclopedia of gambling market regulations. Whether you want to look up the legal status of iGaming in Peru or online sports betting in Nigeria, everything you need to know is collected in one place and instantly accessible for users from all over the world,” notes Yana Khaidukova, managing director at Slotegrator. “Our team is constantly on the pulse of any changes in gambling legislation, and we understand how difficult is to search for information in different sources. That’s why we created a tool that can help not only ourselves, but also anyone who is interested in the gambling industry and has plans to open a casino online or offline”.

The key advantages of the interactive map:

Up-to-date and verified information regarding gambling regulation and legislation.
Accurate data on all countries and other territories.
Review articles with recommendations for opening both land-based and online casinos.
Analytical articles on betting.
Intuitive interface.
Regular information updates.

In addition, on the same page as the interactive map, you can request a free consultation from Slotegrator’s specialists about the details of gambling regulation in each particular country. The map is available here.

ABOUT THE COMPANY

Since 2012, Slotegrator has been one of the iGaming industry’s leading software and business solution providers for online casino and sportsbook operators.

The company’s main focus is software development and support for online casino platforms, as well as the integration of game content and payment systems.

The company works with licensed game developers and offers a vast portfolio of casino content: slots, live casino games, poker, virtual sports, table games, lotteries, casual games, and data feeds for betting.

Slotegrator also provides consulting services in gambling license acquisition and business incorporation.

More information: https://slotegrator.pro/