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Gaming Realms records profit

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Gaming Realms has posted profit for the first time in the last financial year. There have been losses during the previous years. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) came in at £800,000 (€915,500/$1.1m), up from a loss of £2m in the previous year.

Real-money gaming EBITDA climbed 113 per cent year-on-year to £2.7m in 2017, while social publishing EBITDA loss was cut by 97 per cent from £1.8m to €100,000.

However, Gaming Realms did register a 7 per cent year-on-year drop in revenue to £31.6m, but this decline was reduced to 1 per cent when excluding disposed, non-core assets.

Patrick Southon, chief executive of Gaming Realms said: “Achieving profitability marks a major milestone for Gaming Realms.”

“We have continued to deliver on our strategy of developing and distributing our unique Slingo branded range of games, both direct to customers via our in-house gaming and social platforms, and increasingly via licensing our games to third party operators.”

“The focus on content licensing has shown excellent early success and will provide Gaming Realms with longer term, consistent higher margin revenues.”

“The recent agreements signed with major gaming and media companies illustrate the creativity of our content, and we look forward to further progress and growth in 2018.”

Meanwhile, Gaming Realms has announced that Michael Buckley is to take on the role of non-executive chairman with immediate effect.

In addition, both Atul Bali and Chris Bell have informed the board they will not stand for re-election at the forthcoming Annual General Meeting due to other professional commitments.

Gaming Realms will now operate with three executive directors and three non-executive directors. 

Source: iGamingBusiness

Source: European Gaming Media and Events

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Graphyte Launches Intelligent Layouts

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Personalisation platform Graphyte has launched its new product Intelligent Layouts, which enable the operators to deliver completely personalised web and app experiences for every customer.

With Intelligent Layouts, operators can automatically tailor every element of its offering to each player’s preferences, leading to an entirely unique mobile and desktop site layout for every customer.

“When we started Graphyte, our mission was to create the technology to change the one-size-fits-all model so prevalent in betting and gaming, to a one-size-fits-one model that seems so natural and obvious in other sectors like e-commerce. With Intelligent Layouts, we’ve built the capability for every operator to make the experience unique for every one of their customers,” Damien Evans, co-founder of Graphyte said.

“As an operator, you’ll know that every part of your site is tuned to the preferences of each player – all updated and managed in real time. As a player, the experience is transformed, the games and product categories you like to play (or those that you are very likely to enjoy) are always front-and-centre, and it doesn’t stop there: promotions you might have missed, new game launches and events and price boosts in sports can all be brought to the fore with Intelligent Layouts. It’s incredibly powerful and the early results we’ve seen from operator trials have been extraordinary,” Damien Evans added.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Graphyte Launches Intelligent Layouts

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GVC Launches Skywind Content on Ladbrokes, Coral and Gala Brands

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GVC has launched the gaming content of Skywind Group on its Ladbrokes, Coral and Gala brands. Earlier in the year, GVC launched the Skywind games on the bwin, PartyCasino and Sportingbet brands in selected regulated markets.

Through this expansion of the partnership, GVC’s customers will now be able to enjoy cutting edge content from Skywind’s huge portfolio of over 200 games. GVC will also integrate Skywind’s unique Bonus Coins reward, Daily, Must-Go and innovative Split jackpots among a range of other player engagement tools.

“We are delighted to extend our collaboration with Skywind who are a hugely valuable and innovative partner. Our mission is to provide our customers with nothing short of the most engaging and comprehensive portfolio of games available anywhere in the market. The launch of this exciting content is another important milestone on that journey,” Paris Anatolitis, GVC’s Marketing Director for Casino said.

“Partnering up with GVC is the natural step for us in entering regulated gambling markets around the world. In just over six months, we have managed to build a strong partnership, rolling-out our premium video slots games at bwin, PartyCasino and Sportingbet, across markets. I am excited that Ladbrokes, Gala and Coral players will now also be able enjoy the many proven engageable games we offer,” Oren Cohen Shwartz, Managing Director of Skywind said.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: GVC Launches Skywind Content on Ladbrokes, Coral and Gala Brands

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Blackstone Group to Buy Bellagio and MGM Grand

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Blackstone Group is going to buy the Bellagio and the MGM Grand, two of the biggest properties owned by MGM Resorts. Blackstone is in talks with MGM Resorts regarding this.

After buying, Blackstone would then lease the property back to MGM Resorts, who would continue to run the day-to-day casino operations.

By selling the property to Blackstone, MGM would free up needed capital to build a $10 billion resort in Japan. Early estimates have MGM receiving roughly $7 billion for the two casino resorts.

Blackstone has made a splash in the gaming market over the last several years. It purchased the Cosmopolitan Las Vegas in 2014 for $1.73 billion and acquired Spain-based Cirsa Gaming Corp in 2018 for $1.8 billion.

Source: Latest News at European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Blackstone Group to Buy Bellagio and MGM Grand

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