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Imperus Technologies Q1-2016
IMPERUS TECHNOLOGIES DELIVERS ENCOURAGING GROWTH
Proposes name change to Tangelo Games.
Toronto-listed social and mobile gaming developer Imperus Technologies delivered strong growth in its first quarter 2016 financial report for the three month period ending March 31, 2016.
Imperus generated revenue of CAD 10.9 million (Q4/2015: CAD 8.4 million) and Adjusted EBITDA of CAD 3.0 million (Q4/2015: CAD 2.6 million).
Operating EBITDA for the three months ended March 31, 2016, excluding corporate overheads, was CAD 3.6 million (Q4/2015: CAD 3.4 million).
Imperus subsidiary Akamon achieved a significant milestone in February 2016, reaching 25,000 cumulative paying users through its partnership with UOL, a prominent Brazilian telecommunication and DSL provider.
Under this agreement, UOL DSL subscribers can opt-in for a package deal that includes a subscription to a localized white-label version of Akamons games.
Imperus said it was pursuing additional white label distribution agreements following Akamons successful growth of its white label business, which currently drives 25 percent of Akamons revenue from more than 45 white label partners.
"In the first quarter, strong performances in February and March helped us recover from the typical seasonal low of January,” James Lanthier, chief executive officer of Imperus, commented. “We see this momentum continuing in Q2 to date.”
Lanthier highlighted the growth of the company’s Spanish language mobile games saying they had generated double digit growth rates month-over-month.
In support of Imperus’ strategy towards one unified organisation, a name change to Tangelo Games Corp has been proposed, integrating its Diwip and Akamon subsidiaries under one roof.
“We believe this name better conveys our goal, which is to create social game content that delights and engages users around the world,” Lanthier said.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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