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CIRSA achives €103.4 Million operating profit in the first quarter of 2019, an increase of 8%

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CIRSA achives €103.4 Million operating profit in the first quarter of 2019, an increase of 8%Reading Time: 3 minutes

 

CIRSA, a leading global gaming and entertainment company and the sector’s first company in Spain, generated an operating profit of €103.4 million in the first quarter of 2019, that is, an increase of an 8% over the same period in 2018. Operating income amounted to €379 million, up 8.5% on the same period in 2018.

 

Q1 2019 Highlights


CASINOS

The Casinos division closed the first quarter with a significant improvement in its results, following the strict implementation of foreseen plans in all territories where the company operates. Highlights were the successful re-launch in the fourth quarter of 2018 of the Jaragua Casino in the Dominican Republic and the new El Fuerte, El Dorado and Aguadulce halls in Panama, as well as the start-up of 14 expansion and remodelling projects in various casinos.


SLOTS

The Slots division in Spain continued to consolidate the positive revenue trend, with an improvement in the first quarter of 2019 based on both operating and commercial efficiency and product management, particularly with the successful introduction of the On The Rocks and Galaxy models, developed by the B2B -UNIDESA industrial division.


ITALY

In Italy, the company maintains its leadership in machine revenue in both AWP machines and video lottery terminals (VLTs), mainly due to the optimisation of the product mix and a tough selection of points of sale in the HORECA and arcades channels. Thus, global revenue continued to grow even though its results were reduced by the tax increases approved by the Italian government in 2018.


BINGO HALLS

The Bingo halls division in Spain managed to significantly improve its revenue thanks, among others, to the project to remodel and expand the product in the Andalusia halls, the improvements made in the application of Dynamic Bingo in Madrid, and the replacement of the Binjocs machines by Univers in Catalonia, a model developed by UNIDESA.
 

MEXICO

In Mexico the improvement of revenue in all existing business activities in the country was noticeable, as well as the remarkable increase in the customer base.


B2B – UNIDESA

The Industrial division maintained its leadership in the HORECA channel thanks to the new On The Rocks model. Also important was the successful introduction of Univers in arcades and bingo halls in Catalonia, and the continued sales of the SENSATION model for arcades throughout Spain. The Interactive area marked the good results of the Forward Systems for arcade management, recently introduced, both in casinos in Peru and in arcades in Spain.


ARCADES

In the first quarter of 2019, this division continued the trend of recent quarters, improving on the 2018 results. A highlight was the gradual introduction of the SENSATION machine from the UNIDESA industrial division. In the same period, the new TOKA image and concept continued to be implemented in various arcades, as well as the B2B – UNIDESA’s Forward Systems management solution.


SPORTIUM

Sportium significantly increased net revenue in the first quarter of the year in all territories, as did the Digital channel. Having completed deployment in all autonomous regions in Spain, organic growth comes hand-in-hand with technological improvements, with new functionalities on the Sportplay and Sportbox terminals, and exclusive content such as horse and greyhounds races on international racetracks and dog tracks.

 

About CIRSA:

CIRSA is a global gaming and entertainment leader and Spain’s first company in the sector. Its offering in 9 countries consists of 150 casinos, more than 75,000 gaming machines, 70 bingo halls, 191 arcades, 3,000 sport betting points and the industrial division, which is in charge of the research, design and manufacturing of gaming machines, arcade management solutions and machine interconnection. It also has online gaming licences in Spain and Colombia.

As of 1 January 2019, CIRSA reports its financial statements in accordance with IFRS 16 (International Financial Reporting Standards).

 

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: CIRSA achives €103.4 Million operating profit in the first quarter of 2019, an increase of 8%

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EGT Interactive is circling back to Budapest with a special participation at CEEGC

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EGT Interactive is thrilled to announce its consecutive appearance at the Central and Eastern European Gaming Conference and Awards (CEEGC). Georgi Dimitrov, Head of Legal & Compliance at the company, will be once again joining the discussions as one of the speakers at this special event. He will participate in the panel titled “Regulated Central and Eastern European jurisdictions” focusing on the evolution of clearly regulated markets. The targeted jurisdictions are Bulgaria, Romania, Czech Republic, Croatia and Slovenia.

Georgi Dimitrov has started his career in EGT Interactive as a legal counsel, with a focus on legal, regulatory and technical compliance matters related to the iGaming industry. He specializes in international gambling regulation and provides guidance on licensing and certification frameworks, policy drafting, and compliance processes. His line of work involves communication with focal stakeholders in the business such as testing labs, regulators and operators. He has background in company structuring, M&A, business and corporate development and extensive expertise in competition law. Recently he became Head of the “Legal and Compliance” department at EGT Interactive.

 

The event will take place on the 24th of September at Ritz-Carlton, Budapest, Hungary.

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: EGT Interactive is circling back to Budapest with a special participation at CEEGC

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Week 38 slot games releases

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Week 38/2019 slot games releasesReading Time: 3 minutes

 

Have a look at this week’s latest slot releases!

We begin with another release from Play’n Go, the fun-filled game Mission Cash. The game has its roots in the spy films and TV series of the ‘50s and ‘60s, taking inspiration from classics such as The James Bond Series and The Man from U.N.C.L.E, but also newer titles like Austin Powers and Kingsman: The Secret Service.

Play’n GO Are on a Mission with their Newest Release

 

Realistic Games has added a new 3-reel version of its popular title Fireworks to its ever-growing portfolio of games. Fun Size Fireworks retains the featurewhich has been a proven success with players of the 5-reel version, with a bonus round that is reached when a player gets stacked symbols on each of the 3 reels. A reel will then be randomlyselected and a win of one or more win lines will be achievedoffering the player a maximum jackpot ofx250 their starting stake.

Realistic - Fun Size Fireworks

 

Yggdrasil is under starter’s orders to release its latest slot, Racing Lovers, with players invited to saddle up for their biggest thrill ride yet as they chase the championship trophy for huge rewards. Ladies and gents, hold onto your hats as the starting gates open and the racing begins in this new immersive slot set in the fastest course of them all.

Yggdrasil’s latest slot Racing Lovers

 

Microgaming has launched its latest online slot Tweethearts, developed exclusively by Just For The Win. Set in a colourful paradise, nesting love birds bring their feathered mystique to this exciting five-reel, 17-payline slot. Players entering the beautiful jungle of paired-up parrots will find the Double Lucky Line, present throughout the game, perched on the middle row across all five reels. When double symbols land on the Double Lucky Line, they are counted as two symbols for any winning combinations or free spin symbols.

Microgaming - Tweethearts

 

Stick ‘Em, a 5×4 video-slot follows Canny the Can on an adventure which includes features such as sticky win spins, free spins with high paying symbols and an exciting bonus wheel with three levels of progression! Marcus Codes, COO at Hacksaw Gaming commented:“We’re delighted to release our very first slot today after being exclusive with Leo Vegas for the past 2 weeks. We have seen fantastic numbers and feel Stick Em will be a great hit within the industry. There is more to come from Hacksaw, this is just the beginning.”

Stick'em - Hacksaw Gaming's Very First Slot Release!

 

Pariplay Ltd., a gaming technology company serving iGaming operators, land-based casinos and lotteries, has announced the Swedish release of its Viking Glory online slot via an exclusive partnership with Svenska Spel Sport & Casino.

Pariplay Partners with Svenska Spel Sport & Casino for Swedish Release of ‘Viking Glory’ Slot

 

Kindred Group has partnered with Play’n GO in an exclusive release of Troll Hunters 2, the sequel to the record-breaking first chapter of the Troll Hunters saga. “Kindred has recently invested heavily in the quality of their exclusive games. We believe that product quality is ultimately what customers will recognize and value. This is what will set us apart from the competition and lead the way forward in casino,” Ale Rallo, Games Development Manager of Kindred Group said.

Troll Hunters 2 Launches on Kindred Platforms

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: Week 38 slot games releases

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Sports Betting Bill of Michigan Moves Forward

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Sports Betting Bill of Michigan Moves ForwardReading Time: 1 minute

 

A sports betting bill would allow organised sports betting in Michigan casinos and online was passed out of a state house committee. State Representative Brandt Iden of Kalamazoo is sponsoring the legislation.

“Because this is already going on in the market place so we can protect those people who want to play and want to play legally, and we can, you know, make the state a little bit of money, which I think is also a positive,” Iden said.

Iden hopes the bill continues to make its way through the legislature and onto Governor Gretchen Whitmer’s desk before Superbowl season.

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: Sports Betting Bill of Michigan Moves Forward

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