Category: News

The organizers of Ceegc Budapest launch a new type of sponsor for the third edition of the most prestigious boutique style gaming conference in the CEE region.

For the first time ever, the team is introducing a “Pamper” sponsor and it is their honor to announce that Altenar will be the company to take this spot.
“When the team at Altenar suggested this custom sponsorship, we were simply amazed by their inventiveness. We are really excited to meet such partners who will surely give a moment of pampering for our delegates at the conference.” said Zoltán Tűndik, Head of Business at European Gaming Media and Events.
Altenar will be the official Pamper, Pen and Paper sponsor at the third edition of the Central and Eastern European Gaming Conference and Awards, which will be held in Budapest on the 25th of September at the Ritz-Carlton.

Business highlights Q2 2018 (Q2 2017)

• 13 new licence agreements signed (12)
• 5 new games launched including first Table Game “Sonya Blackjack” (3)
• 2 gaming studios signed with YGS Masters
• Number of FTEs 243 (134)
• Yggdrasil partners with Nitro Circus for first ever branded game
• Yggdrasil awarded “Innovation in RNG Casino Software” at the EGR B2B Awards
• Player rounds increased by 66% to 1,328 million (801)
• Mobile share of EGW was 62% (56%)

Financial highlights Q2 2018 (Q2 2017)

• Total operating revenues increased by 65% to MSEK 66.7 (40.4)
• EBIT increased by 8% to MSEK 16.6 (15.3)
• EBIT margin amounted to 24.9% (37.9%)

Financial highlights H1 2018 (H1 2017)

• Total operating revenues increased by 67% to MSEK 124.3 (73.7)
• EBIT increased by 17% to MSEK 30.4 (26.0)
• EBIT margin amounted to 24.5% (35.3%)

Notable events after the quarter

• Signed with 888, Intralot and Tipsport. The signing with Tipsport allows Yggdrasil to enter into the Czech Republic market and partner with the leading Czech operator
• Launch of casino games fan site (yggdrasilcasino.com)

Comment on Q2 2018 by founder and CEO Fredrik Elmqvist

“Yggdrasil is once again able to present another eventful quarter characterised by strong growth and further expansion. Player rounds increased by 66% from the second quarter last year and revenues reached MSEK 66,7, representing an uptick of 65%. During the quarter we intensified our investment phase focusing on the organization, product and business verticals, yielding a profitability of as measured by EBIT of MSEK 16,6 and a 25% margin.

The second quarter has been active with the launch of Sonya Blackjack, the first game out in our new product vertical Table Games, including our ground-breaking motion capture technology and in-house proprietary client framework platform. We have also had a flying start for our YGS Masters programme and announced partnerships with two independent gaming studios. I look forward to welcoming additional world-class studios on a selective basis for strategic and mutually beneficial partnerships.

We have also launched a number of new blockbuster titles including Vikings Go To Hell, the third game in the highly appreciated Vikings series, and most recently Tut’s Twister. I am immensely proud of the achievements made by the team and for the continued strong demand among both operators and end players. In addition, our strong market position has been further underlined by receiving the prestigious “Innovation in RNG Casino Software” award at the EGR B2B Awards in June.

On the back of the second quarter performance I am excited by the opportunities lying ahead and believe conditions to be right for Yggdrasil to capture additional market share going forwards. We will continue to put full emphasis on growth and further quality enhancement initiatives targeting both our products and the business, ultimately paving the way for the future for the Yggdrasil Group.”

Yggdrasil has secured an agreement to supply its industry-leading casino slots to global multi-channel operator Genting.

Genting UK, part of the international Genting group of companies, will offer its online players Yggdrasil’s full games catalogue, including the highly successful Vikings series.

In addition to the library of top-performing titles, Genting will benefit from BOOST®, Yggdrasil’s proprietary suite of in-game promotional tools, providing in-game tournaments and leader boards, configurable cash races, and gamification features proven to increase player retention and engagement.

Both parties anticipate integrating further Yggdrasil products as the stages of the partnership evolve.

Yggdrasil CEO Fredrik Elmqvist said: “As one of the most famous and respected casino brands on the planet, we are thrilled to have reached this agreement with Genting. We look forward to working with them closely to deliver our market-leading games and maximise player enjoyment.”

Genting has operated casinos around the world for more than 50 years. It owns and manages more than 40 premises in the UK, including Crockfords and The Colony Club. GentingCasino.com features more than 300 online slots as well as casino games including blackjack and roulette.

Genting Director of Gaming Product Rob Hoddinott said: “Our focus is on presenting the most exciting and engaging gaming experiences. Yggdrasil’s products have a proven appeal among a broad range of slots players, so they will be a very positive addition to our online casino.”

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European Gaming Media and Events, the boutique gaming events organizer in Baltics and Balkans, engages a strategical partnership with Sbc (Sport Business Chain).

The partnership will see a collaboration between the media segment of European Gaming and the inaugural SBC2018 conference, which is going to bring together key sport stakeholders across the region, and across the private, public and volunteering sectors.
Sport Business Chain aims to contribute to the development of the Eastern European sport business market. Moreover, the organisation works around the clock to provide development opportunities to a wide range of sport stakeholders, whose expertise and desire to make a difference can push the entire sector further, if they are open to collaboration, cooperation and networking.
“The inaugural Sport Business Chain conference is a unique opportunity for regional sport businesses to come together with athletes and interested parties for 3 days of learning and networking – said Zoltán Tűndik, Head of Business at European Gaming Media and Events – It is an interesting concept and we excited to take part in this partnership. Regulated sports gambling practices and the sport business sector are deeply connected and it is a great opportunity for the gambling industry in the region to take part. Teodora and Cosmin are two go-getters, who are passionate about sport and all its behind-the-scenes works. They have the same passion and enthusiasm for creating something unique and of high quality as Betty and I had when we first started organizing events in the region. We look forward to this collaboration and hope to see you all in Bucharest at the end of September”.

“Partnering up with European Gaming comes naturally for Sport Business Chain, as both of us are aiming to contribute to the development of the emerging segment market of sport. Moreover, we share a common focus: collaboration, bringing together the key pieces of the gaming community, from industry leaders to policy makers, regulators, operator and service providers.” adds Cosmin Albu – Co-Founder of Sport Business Chain.
“We are honoured to partner up with European Gaming, a forward-thinking organisation whose ‘umbrella approach’ towards gaming and esports provides an invaluable source of know-how and a launching pad for these sectors’ stakeholders involved across the entire European region”, said Teodora Busurca – Co-Founder of Sport Business Chain.

NetEnt has gone live with a broad selection of video slots at newly opened casino Ocean Resort in New Jersey.

In the coming months the whole portfolio of award-winning online casino games will be available to Ocean Resort players.

After successful technical integration, a broad selection of NetEnt’s popular games are available with Ocean Resort casino New Jersey, and more slots are being rolled out over the coming weeks.

The NetEnt games will run on the GAN platform and players can now enjoy NetEnt’s full offering including Free spins.

The innovative gaming supplier Yggdrasil is set to make its debut in the regulated Czech Republic igaming market after agreeing to supply leading brand Tipsport with its portfolio of innovative, high-quality casino games.

Tipsport is the country’s largest betting and gaming brand, with more than 1,000 retail outlets and a rapidly growing online offering that will now feature some of Yggdrasil’s slot games, including latest releases Vikings Go To Hell and Tut’s Twister.

“In February this year we signed a deal to enter Spain, one of Europe’s fastest-growing and most exciting jurisdictions, and today we’re announcing our entry into the Czech Republic with leading brand Tipsport”, said Fredrik Elmqvist, CEO, Yggdrasil. “As part of our long-term strategy we are committed to expanding our regulated market footprint. If we feel an environment is right for our leading games and promotional tools, then we will enter it with the best possible partners. We’re exctited to be going live with Tipsport and fostering a long-term partnership”.
Jakob Lorentzon, Head of Online Casino, Tipsport, said: “We are delighted to be partnering with such an innovative and dynamic business as Yggdrasil. Their games perform very well in regulated markets and we are very much looking forward to offering them to our large and expanding customer base.”

The leading Czech operator will also use Yggdrasil’s unique in-game promotional tool BOOST® that enhances player experience via in-game tournaments, cash races and missions.

Yggdrasil games are expected to go live in the Czech Republic with Tipsport in the coming months, in full compliance with the Czech Republic’s requirements.

The Czech Republic’s online regulated market came into force on 1st January 2017, following the introduction of a new Gambling Act. The market generated €1.58 billion in gross win in 2017 with online contributing €380 million of that total, according to H2 Gambling Capital data.

Yggdrasil’s games are live in a host of regulated and newly regulated markets including the UK, Italy, Estonia, Latvia, Belgium and Denmark, with its games due to imminently launch in Spain, alongside Czech Republic.

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