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ZEAL Group reported its first quarter 2016 results

ZEAL GROUP SATISFIED WITH FIRST QUARTER RESULTS

Core underlying profitability is pleasing says CEO.

ZEAL Group reported its first quarter 2016 results saying it had continued to build on its strong performance in 2015 and was pleased with the core underlying profitability of the Group.

ZEAL revealed it had acquired the remaining non-ZEAL held interest in Geonomics Global Games Limited (GGGL) and its joint venture, Geo24 UK Limited (Geo24) towards the end of the quarter for Euro 1.3 million, maintaining that the technical capabilities and expertise of the personnel employed by GGGL and Geo24 fit well with the Group's wider growth aspirations.

Consolidated revenue and total operating performance during Q1/2016 rose to Euro 37.6 million (Q1/2015: Euro 34.9 million) and Euro 38.6 million (Q1/2015: Euro 36.1 million) respectively, performance driven primarily by the rollout of instant win games and an increase in user registrations and activity.

Consolidated "normalised" revenue in the first three months of 2016 increased by 11 percent to Euro 35.6 million (Q1/2015: Euro 32.1 million) and EBIT in Q1/2016 totalled Euro 14.2 million (Q1/2015: Euro 14.1 million).  Earnings per share contracted year on year from Euro 1.13 to Euro 1.04.

"Our first quarter results underline the strength of our business model; evidenced particularly by the sustained level of growth shown in all areas of our consumer facing business,” Dr Helmut Becker, chief executive officer of ZEAL commented.  “We continue to lay foundations for future strategic development through investments in marketing, product improvements and in our business-to-business offering”.

Looking ahead, the Group is confident it remains well positioned to capitalise on opportunities from changes to regulatory conditions and relatively low internet penetration of the lottery industry and continues to expect a full year total operating performance of Euro 140-150 million and full year EBIT of Euro 40-50 million.



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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