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ZEAL Network latest quarterly report


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.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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