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ZEAL Network latest quarterly report
Thursday May 14,2015 : ZEAL NETWORK REPORT ROBUST QUARTERLY RESULTS
Aided by lower jackpot payouts and cost savings
Online lottery firm, ZEAL Network (formerly Tipp24) reported a robust start to 2015 in its latest quarterly report saying lower jackpot pay-outs and decreased operating expenses had a favourable impact.
For the first quarter 2015 period ending March 31, 2015, key performance highlights include:
Revenue amounting to Euro 34.9 million (Q1/2014: Euro 30.8 million), an increase of 13 percent.
Earnings before interest and tax of Euro 14.1 million (Q1/2014: Euro 1.3 million).
Consolidated net profit of Euro 9.5 million (Q1/2014: Euro 0.1 million).
On the back of the results, ZEAL paid out its first interim dividend of Euro 0.70 per share, saying the company is on track to deliver its total annual target of Euro 2.80 per share.
“Having laid the foundation for further growth in 2014, we are making good progress with our various business initiatives,” commented Dr Hans Cornehl, chief executive officer of ZEAL. “With its three strategic business areas, ZEAL is well positioned to capitalise on opportunities in our target markets in Europe and North America.
ZEAL expects to generate annual consolidated revenues of Euro 135 to Euro 145 million and increase EBIT to between Euro 35 and Euro 45 million.
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 -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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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