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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.

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Gambling News :

2017 MPN Poker Tour - Main Event packages, worth €1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as €0.25. Each €1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

Jimei group distances itself from his Philippines activities - The move followed news that the Philippines authorities have issued a warrant for Lam's arrest on charges of economic sabotage and attempted bribery, according to local media reports. His investor visa privileges have already been withdrawn.

South Africa Land Casino Owners Still Feel Online Gambling is a Threat - The latest annual report of the #Casino Association of South Africa, a trade association for most of the country's land casino operators, continues to cite online gambling

Spinomenal Appoints Eduardo Tupper as COO - Israeli software developer, Spinomenal, has appointed former chief operating officer of Ortiz Gaming, Eduardo Tupper, as Senior Vice President.

Ninja Power Slot Launched By Slotland - I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.

WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? - The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.

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