Evolution announced acquisition of Galaxy Gaming, Inc. and positive H1 result, but not all good news as it still faces multiple lawsuits and strike action by employees. https://lnkd.in/eKUTP6KD
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Check out our article on M&A trends in the gaming sector discussing the 2023 market and what we expect for 2024. https://lnkd.in/dYF8vkkD
Gaming M&A trends and predictions
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InvestGame published their great Q1'24 report last week (and we also shared some insights there)! For the last few years, the investment landscape in the gaming industry has been quite harsh. However, it finally seems like the complicated days are over. Or are they? Check the report to find out! Btw, it's not all about investment this time. If you are looking for a brief summary of the main trends and issues that developers face nowadays, check the note by Nikita Matsokin (Executive Director at MGVC). It's also waiting for you in the report!
Our team recently released the Q1'24 Global Gaming Deals Report, which delves into mobile and PC & console market trends in collaboration with Video Game Insights and AppMagic for the first time. We thank our colleagues for providing valuable data and are pleased to share our insights. https://lnkd.in/dxfPQSb2
Global Gaming Deals Report Q1’24 – InvestGame.net
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Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF), the slot #games creator, has a “bright” future, according to its house broker, after it reported another year of double-digit revenue growth in 2023. Peel Hunt reiterated its ‘buy’ recommendation for the AIM-listed group and said the company’s guidance for the 2023 financial year was “consistent” with its own forecasts. Revenues rose by 23% to £23 million, representing another year of growth greater than 20%, while underlying earnings are expected to be at a minimum of £10 million. Content licensing was the key driver of growth during the year, with around 45 new partnerships being signed and expansion in countries like Portugal and the US. Peel Hunt targets a 60p share price for the stock, representing around a 90% premium to the current 67p trade price. More at #Proactive #ProactiveInvestors http://ow.ly/xTC3105fg9n #AIM #OTCQX #GMR #PSDMF
Gaming Realms looks ‘bright’ after double digit sales growth
proactiveinvestors.co.uk
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The run rate over the last seven days has been about MOP$600 million (US$74.5 million) per day, according to investment bank JP Morgan. Read more here: https://lnkd.in/gH-nHSfA #Macau #gaming #operators #ggr #revenues #updates #casino #slowdown #ChineseNewYear #ebitda #earnings #investor #casinonews #macaunews #trending
Macau gaming operators generate GGR of $1.07 billion for first 14 days of 2024
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Atlantic City’s total gaming revenue grew solidly in March, with year-over-year increases both online and on the casino floor, according to Tuesday figures released by the New Jersey Division of Gaming Enforcement. Total gaming revenue reported by casinos, racetracks and their partners was $526.6 million for March, reflecting an 8.1% increase from totals reported in March 2023. For year-to-date, total gaming revenue reported by casinos, racetracks and their partners was $1.55 billion, reflecting a 15.7% increase from $1.34 billion reported in the prior year-to-date period. Internet gaming win set a monthly record for the month of March at $197.2 million, reflecting growth of 19% when compared with $165.7 million reported in March 2023. For the year-to-date period, internet gaming win reported by casinos and their partners was $562.8 million, reflecting growth of 22% when compared with $461.2 million for the prior year-to-date period. Follow this link to continue reading: https://lnkd.in/eFxEqcBE
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Gaming Realms PLC (AIM:GMR, OTCQX:PSDMF) said its performance in 2023 was “exceptional”, with revenue and earnings continuing to grow at double digits, in line with expectations. Reflecting strong content licensing, including 44 new partners across the group's markets, and seven licences in North America, revenue came in at roughly £23 million for the calendar year, an increase of 23% compared to last time. The pre-close trading update from the mobile-focused gaming specialist also revealed that adjusted earnings (EBITDA) is expected to be no less than £10 million, which would represent 28% growth year-on-year. Chief executive Mark Segal said this level of growth “underscores the strength and appeal of our gaming content in the global market”. More at #Proactive #ProactiveInvestors #AIM #OTCQX #GMR #PSDMF #gamingRealms #gaming #gamedesign http://ow.ly/AFU8105fefe
Gaming Realms hails another year of double-digit growth
proactiveinvestors.co.uk
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Galaxy Gaming CEO Matt Reback joined Steve Darling from Proactive to discuss the company's focus on table games for both land-based casinos and online platforms. Galaxy Gaming, Inc., a prominent player in the gaming industry, recently unveiled its remarkable Q1 financial performance, marked by record-breaking gross and net revenues. Matt Reback, the company's CEO, shared insights into this success, attributing it to the strong demand for Galaxy Gaming's innovative products and solutions. The Las Vegas-based company, with a 30-year legacy, offers a diverse portfolio of games, including felt games, electronic table games, and interactive table games, distributed globally across over 600 casinos and 76 cruise ships. Galaxy Gaming's core business saw a significant 20% increase in gross revenue and a $225,000 growth in net revenue during the quarter. Reback highlighted the pivotal role played by the distribution of EZ Baccarat, launched in September 2023, in driving the surge in recurring license revenue. The company's popular side bets, such as 21+3 and Perfect Pairs, have solidified its position, with five of the top seven blackjack side bets under its belt. Galaxy Gaming's online presence has also witnessed substantial growth, with 3.5 billion wagers placed on its games in the past year through partnerships with industry giants like Evolution and Playtech. Additionally, the company has strengthened its leadership team by appointing Steve Kopjo as the new Chief Financial Officer, bringing extensive experience from various publicly traded gaming companies. Proactive #galaxygaming #casinogaming #financialsuccess #onlinegaming
Galaxy Gaming Soars with Record-Breaking Q1 Results and Strategic Expansion
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CT Gaming certifies its products according to the rules With the gaming industry being quite dynamic it is usual for companies to experience many changes and challenges. Often the regulations and requirements in the different jurisdictions are updated, so companies like CT Gaming must react quickly and adapt to the new norms... https://lnkd.in/dNRs6QEG #casinoinside #stiidelcasinoinside #casino #slotmachine #gambling #gamblingindustry #slotrooms
CT Gaming certifies its products according to the rules
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Is your online gaming business held back by payment issues? 🎮💸 Unlock the secrets to a smoother gaming experience in our latest blog. From tackling false declines to enhancing payout efficiency, discover how Rapyd's innovative solutions level up your gaming transactions. Read the blog: https://lnkd.in/gViJCV9b #gaming #payments #fraudprevention
Payments Are Broken for the Online Gaming Industry. Here’s How to Fix Them - Rapyd
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Ticket In, Ticket Out (TITO) is becoming a hot topic in the Illinois gaming industry. For gaming businesses, TITO could have a sizable impact on revenue and the player experience. Let’s take a closer look at what TITO is, how it works, and the significant advantages it brings to players, gaming businesses, and terminal operators. https://lnkd.in/gNzepVfd
The Rising Momentum of TITO in Video Gaming: Why It Matters
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