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Kindred Group plc – Year end report January – December 2018 (Unaudited)

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Kindred Group plc - Year end report January - December 2018Reading Time: 3 minutes

 

Fourth quarter and full year highlights

  • Gross winnings revenue amounted to GBP 250.1 (238.0) million for the fourth quarter of 2018, and GBP 907.6 (751.4) million for the full year 2018.
  • Underlying EBITDA for the fourth quarter of 2018 was GBP 58.8 (74.5) million, and GBP 203.7 (185.0) million for the full year 2018.
  • Profit before tax for the fourth quarter of 2018 amounted to GBP 45.0 (55.9) million, and GBP 149.5 (132.0) million for the full year 2018.
  • Profit after tax for the fourth quarter of 2018 amounted to GBP 39.3 (50.8) million and GBP 131.6 (117.4) million for the full year 2018.
  • Earnings per share for the fourth quarter of 2018 were GBP 0.173 (0.223) and GBP 0.580 (0.516) for the full year 2018.
  • Number of active customers during the fourth quarter was 1,568,574 (1,329,124).
  • The Board of Directors propose a dividend of 0.496 (0.551) per share/SDR, which is approximately SEK 5.92 (6.48) per share/SDR and amounts to a proposed distribution to shareholders of GBP 112.5 (125.6) million which is 75 per cent of the Group’s free cash flow for 2018. The dividend will be paid out in two equal instalments in order to facilitate a more efficient cash management.
  • AGM to be held on Tuesday 14 May 2019 in Stockholm.

 

“Strong levels of activity and all-time high in active customers resulted in all-time high for Gross winnings revenue”

“In the fourth quarter of 2018 we have seen strong levels of activity, together with an all-time high in active customers. This has resulted in record Gross winnings revenue, proving that our long-term strategy, to maintain a sustainable business by increasing the number of active customers rather than the ARPU, is paying off. Despite the exceptional sportsbook margin in the fourth quarter of 2017 making the comparatives for this quarter very tough, we have still managed to grow the business by 5 per cent.”

“During the fourth quarter, Gross winnings revenue from mobile grew by 11 per cent compared to the fourth quarter last year and amounted to 74 per cent of our total Gross winnings revenue. Of the Group’s Gross winnings revenue, 45 per cent came from locally regulated markets. For the full year 2018, betting duties increased by 40 per cent with an EBITDA margin of 22 per cent which shows the Group’s ability to absorb betting duties through its focus on scalability and cost control.”

“On 1 January, we successfully went live under the new local license in Sweden with five of our brands and we have also continued to lay the foundation for the USA early this year with the agreement in Pennsylvania. Always planning ahead, the Group prepared for the opening of the Swedish market and enlarged the customer base through bonus offers and marketing investments already from the start of the World Cup last summer. During the first six weeks of 2019, we awarded our Swedish customers with one additional bonus under the terms of the new licensing system, which resulted in new depositing customers up by 166 per cent and active customers up by 97 per cent over the last 90 days. As expected, we can now see the bonus expenditure tail off.”

“For the period 1 January to 10 February 2019, the daily average Gross winnings revenue in GBP was 17 per cent higher (18 per cent in constant currency) than for the full first quarter last year.” says Henrik Tjärnström, CEO of Kindred Group.

Today, Wednesday 13 February 2019, Kindred Group’s CEO Henrik Tjärnström will host a presentation in English at FinancialHearings, Tändstickspalatset, Västra Trädgårdsgatan 15, in Stockholm at 9.00 CET.

The presentation is also webcast live on www.kindredgroup.com/Q42018. For those who would like to participate in the telephone conference in connection with the presentation, the telephone numbers are UK: +44 3333 009 269 or USA: +1 646 722 4956.

The Kindred Group companies hold local gambling licences in UK, France, Belgium, Denmark, Sweden, Germany (Schleswig-Holstein), Italy, Australia, Ireland, Romania and Estonia. The Kindred Group also holds international gambling licences in Malta and Gibraltar. The Kindred Group pays betting duties in all markets in accordance with applicable local laws.

The information in this report is such that Kindred Group plc is required to disclose under the EU Directive of Market Abuse Regulation.

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Kindred Group plc – Year end report January – December 2018 (Unaudited)

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Casino Innovations: Market-Ready

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Casino Innovations: Market-ReadyReading Time: 2 minutes

 

Every year the gaming industry prepares to unveil the latest trends and technologies at ICE Totally Gaming and G2E Las Vegas and Asia. As an example, in February 2018, casino developers were able to show a wide selection of innovations across international regions. These innovations help to cater all areas of land-based and interactive gaming.

New Products
One of the innovating products were the new cabinets that included 4K monitors, new single games, new game mixes, a variety of electronic table games that run on specific platforms, such as Novomatic Media Technology platform. These new cabinets, contain games that come from different cultures, such as From Dusk Till Dawn, Viking & Dragon and other new progressive games.

Among the newest products, there is also a compelling line-up of new cabinets, something like the Ainsworth products. These line-up products welcomes the player with games, such as Pac-Man Dynamic Edition, Pac-Man Wild Edition, Desert Dusk and others. The new technology displays also include progressive games similar to Hao Yun Dao. Several brands who made their debut included games like Fire Power and Raging Roosters Reloaded.

For the European region, casino developers, such as Novomatic, was present at ICE London with new games for the arcane and pub market. Novomatic is a well-known casino company in Europe. So it is natural to see a lot of development and innovations for the European market. As an example, for UK, Novomatic created themed products like Austin Powers, Batman and Sherlock Holmes. Meanwhile, for Germany, Lowen Entertainment had displayed new solutions. In addition, Novomatic Italia, Novomatic Netherlands and Novomatic Gaming Spain together with GiGames and showed their portfolio for Italy, the Netherlands and Spain.

Greentube, another casino developer company, was able to show its capabilities as well, by promoting a number of interactive products, such as Greentube Pro, a social gaming platform. In addition, from top performing land-based titles to an extensive portfolio of casino games, like Crazy Birds, Greentube was able to demonstrate that it is a capable full-service provider.

In other words, many companies, besides Novomatic, like Apex Gaming, Scientific Games and others, came with a comprehensive product portfolio. The range seems quite long, from high-end casino equipment, system and management solutions to the arcade and pub products, that can be played online, mobile and are social too. Some of the newer games can also be found on online casinos, like Admiral Casino Online.

Last Words
One of the CEOs, who is regularly present at these casino gatherings, Harald Neumann, the CEO of Novomatic AG. said that events such as ICE London, is a trade of showing appearance. Most of the companies still continue to prove themselves as a full-service provider. Some of the companies are among the world’s leading gaming technology groups, furthermore, specific honors are given away. The top companies get “Supplier of the Year” recognition and such. As an example, the Novomatic Group received an “Casino Supplier of the Year” credentials at ICE London 2018.

Neumann also added that companies grew a lot in the recent years because most companies were focused on innovations. In addition, in 2018, some of them focused more on increasing the synergies between the partner companies and, of course, more attention was added on the internal structures. And when an interview is just around the corner, most of CEOs remark that their company will continue to make improvements where needed, and work more into adding innovations for players and operators.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Casino Innovations: Market-Ready

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Nektan builds on B2B momentum with Dench partnership

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Nektan builds on B2B momentum with Dench partnershipReading Time: 2 minutes

 

Nektan plc the fast-growing international gaming technology platform and services provider, has boosted its global reach and commercial partnership network after securing a deal with turnkey gaming platform, Dench eGaming Solutions.

As part of the agreement, Nektan will aggregate its premium casino content to Dench’s operator network via E-Lite, Nektan’s content distribution platform.

Dench partners will significantly expand their casino offering with direct access to more than 800 HTML5-developed slots and table games from the industry’s leading providers, available across all desktop and mobile devices.

This latest partnership further strengthens Nektan’s B2B division and highlights the growing appeal of its B2B E-Lite platform from global tier one operators to platform providers alike.

Dench specialises in providing a turnkey gaming platform, white label services and real-time marketing automation solutions for the iGaming industry. It focuses on customer bonusing, rewards and engagement.

Jane Ryan, Chief Operating Officer of B2B at Nektan, said: “We’re delighted to be delivering our B2B E-Lite platform to Dench eGaming Solutions. This latest commercial agreement will allow us to grow our international scale even further, while providing Dench customers with access to a growing portfolio that is brimming with premium content.

“Nektan’s B2B division is enjoying significant growth at present thanks to our proprietary technology and ease of access to world-class casino content. We look forward to announcing more commercial contracts over the coming months as demand builds for our services.”

Dobromir Mitev, Chief Executive of Dench, said: “We’re really excited to be working alongside Nektan, allowing our client base to instantly enhance their casino offering with the addition of such a diverse range of games, to suit all tastes and preferences.

“Nektan shares similar values to ourselves, with our company mission to bring the next generation of casino game experiences to operators through strong and reliable technology.”

 


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nektan builds on B2B momentum with Dench partnership

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Inaugural Casino Marketing Boot Camp A Success

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Inaugural Casino Marketing Boot Camp A SuccessReading Time: 2 minutes

 

The inaugural Casino Marketing Boot Camp, held March 10-12, 2019 in Winter Park, Colorado, was a success, and plans are already in the works to hold a second event in 2020.

 

“Our small group size allowed us to deliver one-on-one consultation-level attention to each participant,” said Julia Carcamo, president of New Orleans-based marketing agency J Carcamo & Associates, and co-founder of Boot Camp. “We were able to share casino industry knowledge as well as insights from leaders in the fields of strategic thinking, learning, and business management of seasonal business.”

Held over two days, participants participated in interactive sessions from dynamic speakers such as Len Hernstein, CEO of ManageCamp; Josh LeDuff, EMPATHIQ chief strategy officer; and Jeff Klem, co-founder of Adventures in Leading.

“I feel like I came into this training knowing nothing about Marketing and came out with just enough information to be ‘dangerous’,” said participant Martha George-Sachava, manager-in-training, Suquamish Clearwater Casino Resort.

“We gathered a group of casino marketers from across the country and provided them with content relevant to their day-to-day business along with the opportunity to share their challenges and best practices,” said Nicole Barker, Boot Camp co-founder and loyalty program/database analytics marketing consultant with Relationship Marketing Solutions Inc. “They left ready to implement what they learned.”

Outside of the working sessions, participants and session leaders continued the discussion while exploring the local sights of their host community with a whiskey tasting and tour at Idlewild Distillery.

“I think this (conference) would be good for my managers up to the director-level,” said Jennifer Johnson, vice president – loyalty marketing, Foxwoods Casino.

Sarah Barten, chief communications manager, Grand Casino Mille Lacs furthered, “I valued making connections with this small intimate group. Our challenges are similar to the ones other casinos face. We were able to delve into our casino database and identify areas where our players are falling through the cracks. A big takeaway for me was the brand framework we built that will help us as we rebrand our casino.”

 

The 2020 Casino Marketing Boot Camp is scheduled for March 2020 in New Orleans, LA. More information is available at www.casinomarketingbootcamp.com


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Inaugural Casino Marketing Boot Camp A Success

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