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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 :

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republicís new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

Time is Money Slot Launches - Set to a catchy tune, Time is Money offers a free spins bonus where all wins are multiplied by up to x12 by a random multiplier, selected from the time traveling clock.

ArenaCube Signs 3 New Deals - Under their strategic partnership, ArenaCube and Kiron will develop and launch a new version of Arena Challenge in 2017. The new version of the game will carry Kironís virtual content.

First Woman to Win a WPT Playground Championship - Besting a field of 380, in the C$3,500 buy-in event, Zajmovic beat Jean-Francois Bouchard in heads up play, pocketed the C$261,000 first prize and a seat in the season ending WPT Tournament of Champions.

NHL Odds: Oilers-Blackhawks at the United Cente - Fans at the United Center will be treated to a potential Western Conference playoff preview this Saturday when the upstart Edmonton Oilers visit the Chicago Blackhawks. The puck drops at 7 PM ET on WGN.

2017 Partypoker.net WPT Playground main event Results - Although she entered the heads up against Jean-Francois Bouchard with a chip deficit, Zajmovic was able to get herself back in the game with some skillful and disciplined playing, eventually overtaking the leader and finally leveraging her chip advantage into a decisive win.

IGT In Deal With Norsk Tipping - International Game Technology has announced a new contract signing which will see it providing interactive casino and Instant Win game libraries and custom games through a remote game server to Norwegian gambling group Norsk Tipping.

ZYNGA POKER ENJOYS IMPRESSIVE GROWTH IN 2016 - By re-focusing on the mobile environment and poker, social gaming giant generates revenue of $741 million - without offering real money games!

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