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Emerging Insights
Interviews with the Gaming Industry’s Leaders
QUIXANT CEO TALKS GAMING TECH
Quixant CEO Jon Jayal discusses the continued evolution of gaming technology and the company’s financial and operational outlook in Fantini’s Emerging Insights video series.
Quixant expects continued revenue growth and has a solid pipeline of new business, Jayal added.
Jayal’s interview: https://youtu.be/vyVYscNOi90.
Emerging Insights is sponsored by Everi Holdings.
Previous Emerging Insights interviews feature
Bragg CEO Richard Carter, Genius Sports CEO Mark Locke,
Catena Media CEO Michael Daly, Acres Manufacturing Founder John Acres,
Rush Street Interactive CEO Richard Schwartz, Tekkorp CEO Matt Davey and others.
All can be viewed at
https://www.fantiniresearch.com/conventions/emerging-insights.html
Any questions about the series can be addressed to Associate Publisher Ashley Diem at ADiem@FantiniResearch.com or at +1 302 730 3793.
Zitro will once again participate in the Gaming Industry Exhibition to be held in Kiev, Ukraine, from November 24 to 26, in partnership with its distributor B4G as a confirmation of its commitment to the Ukrainian market.
Its successful Progressive Multigames Link Me and 88 Link Wild Duels, translated into Ukrainian, and installed on the latest generation of Fusion and Allure cabinets will have a prominent presence at the Kiev show.
Sebastian Salat, CEO of Zitro confirmed: “Since the opening of the Ukrainian market, we at Zitro we have made our excellent products available to the country’s operators and committed ourselves to being a guarantee of profitability for them, as well as a guarantee of fun for their players”.
Nadège Teyssedre, Regional Director EMEA, said: “We are confident of both games and the impressive cabinets in which they are presented will be very attractive for operators. This winter, Zitro is ready to shine in the best Ukrainian Gaming Halls in the same way that our products have triumphed in the major casinos across the European continent”.
AGS AWARDED HIGHEST HONOR FOR SUPPORTING VETERANS IN WORKPLACE – THE 2021 ‘HIRE VETS PLATINUM MEDALLION AWARD’ THROUGH U.S. DEPARTMENT OF LABOR
Company recognized for its patriotism, commitment to recruiting, employing, and retaining veterans
LAS VEGAS– November 11, 2021 – AGS (NYSE: AGS) or (the “Company”) today announced that it was awarded the highest and most prestigious award for commitment to U.S. military veterans — the 2021 HIRE Vets Platinum Medallion through the U.S. Department of Labor’s HIRE Vets program. This award is given annually to companies that demonstrate commitment and leadership in recruiting, employing, and retaining military veterans, as well as providing veteran integration assistance programs.
By meeting the criteria required for a Platinum Medallion Award, the highest level of the program, AGS “demonstrated both patriotism and recognition of the value veterans bring to the workplace,” according to the U.S. Department of Labor.
AGS was not only one of just five companies in Nevada to earn a Platinum Medallion through the HIRE Vets program, but was the only gaming company to receive this designation nationally.
AGS President and Chief Executive Officer David Lopez, an eight-year military veteran, said, “At AGS we recognize that because of their backgrounds and experience, veterans bring leadership, diversity, and a spirit of collaboration to our company where they are valuable contributors to our success. We have made a firm commitment to not only hire more veterans, but to provide support and resources to our veteran employees and their families so they can thrive at work and in their communities. We’re honored to receive the Platinum Medallion through HIRE Vets and remain passionate about further bolstering our veteran’s initiatives.”
Veterans make up approximately 11 percent of AGS’ overall workforce. In addition, AGS empowers and supports its veteran employees and their families in their communities with a focus on quality of life – housing, spirituality, education, health, recreation, and access to benefits. AGS is also dedicated to honoring the U.S. military through a variety of community outreach initiatives and support of local and national veteran’s organizations.
Initiated by the Honoring Investments in Recruiting and Employing American Military Veterans (HIRE Vets) Act of 2017, the HIRE Vets Medallion award recognizes businesses, organizations, and companies for excellence in leadership when it comes to promoting veterans’ employment. Recipients demonstrate to their customers and future employees that they are dedicated to hiring veterans and supporting their careers. The HIRE Vets Medallion Award is the only federal-level veterans’ employment award that recognizes employers.
The exercise is linked to its AUD3.9-billion cash offer for London-listed Playtech Plc, a leading gaming content provider for the online and land-based casino industries.
The institutional-investor component of the entitlement offer closed on October 20, raising gross proceeds of approximately AUD895 million.
Aristocrat said in its Thursday update that approximately 20,400 eligible retail shareholders elected either partially or fully to take up their retail entitlements, subscribing for approximately 7.6 million new Aristocrat shares, and raising approximately AUD317 million. It represented an aggregate participation rate of approximately 78 percent by value, and approximately 49 percent by number of shareholders. The company said previously it “expected to raise approximately AUD405 million” from the retail part of the entitlement offer.
Aristocrat will now offer for sale – under what is known as a retail shortfall bookbuild – approximately 2.1 million new shares, amounting to approximately AUD90 million at the offer price of AUD41.85 per share.
Aristocrat said previously it expected the acquisition of Playtech to be completed in the second quarter of 2022, “subject to certain antitrust, foreign investment, gaming regulatory and financial regulatory consents and approvals being obtained.”
In a Monday filing to the Australian bourse, Aristocrat had acknowledged that its target Playtech had been approached by Gopher Investments, which has just under 5 percent of Playtech.
Gopher was “seeking access to certain due diligence information, which Playtech has provided in accordance with the U.K. Takeover Code,” said Aristocrat.
“There is no certainty that Gopher’s approach will result in an offer for Playtech, nor as to the terms on which any offer may be made,” stated the Australian slot maker.
On October 17, the boards of Aristocrat and Playtech announced a recommended acquisition of Playtech by Aristocrat for GBP6.80 (US$9.106) in cash for each Playtech share held.
The new A-STAR Curve XL features a 4K 55-inch floating infinity monitor, dynamic LED lighting, and a state-of-the-art LCD button deck. The brand-new cabinet debuts with the Take It or Leave It game series.
This two-game series –Super Hot 7s Classic and Solid Gold 8s Classic – combines popular QuickSpin wheel play mechanics and proven Ainsworth High Denomination math into a powerful Linked Progressive bank built for the biggest gamblers. The player chase focuses on a line-win Progressive and the Take It or Leave It wheel bonus.
“We are absolutely thrilled to introduce our A-STAR Curve XL product at Barona,” said Ainsworth Chief Commercial Officer Deron Hunsberger. “Barona is one of the top properties in the country for big gamblers and we are excited their players will be the first to take a spin on the Take It or Leave It games. This cabinet and game style showcases Ainsworth’s effort to create a truly premium game experience for players while giving our casino partners a great return-on-investment.”
Additional installations of the A-STAR Curve XL are scheduled for throughout California, Oklahoma, and Nevada in the coming weeks. The product has been approved in multiple North American markets and can be ordered now.
Top iGaming executive previously held leadership roles at 888.com and bet365
LONDON, Nov. 8, 2021 /PRNewswire/ -- International Game Technology PLC (NYSE:IGT) ("IGT") today announced that it has appointed Gil Rotem as President of iGaming, effective immediately. Reporting to Enrico Drago, IGT CEO Digital & Betting, Rotem is responsible for ensuring the ongoing development and global expansion of the IGT PlayCasino business, which includes iGaming, poker and bingo.
"The IGT PlayCasino business continues to grow at a rapid pace, and it offers many of the gaming industry's highest-performing and most-recognized game titles. We expect continued double-digit growth from IGT PlayCasino, and Gil Rotem's vision and experience can help us remain well-positioned for continued leadership in iGaming, poker and bingo," said Enrico Drago, IGT CEO Digital & Betting.
Rotem brings nearly two decades of relevant experience to his new role. He previously held senior positions with 888.com and bet365 where he was responsible for strategic board level planning and operations as well as delivering high growth and product optimization improvements. Rotem most recently worked as an independent consultant for an online sports betting company where he led the development and delivery of dozens of exclusive titles for the organization's proprietary games and jackpot platform.
"It's a tremendous opportunity to join Enrico Drago in leading the IGT PlayCasino team and representing the gaming industry's most exciting portfolio of iGaming, poker and bingo content," said Gil Rotem, IGT President of iGaming. "During this period of global transformation in the gaming industry, IGT PlayCasino has delivered outstanding results. I look forward to helping propel future growth with IGT PlayCasino as IGT demonstrates the value and promise of its newly established Digital & Betting segment to customers and shareholders."
“As FDJ’s lottery central system partner for more than 20 years, IGT has a keen understanding of the innovative technology needs of its business,” said Jay Gendron, IGT Chief Operating Officer, Lottery. “Omnichannel lottery experiences enhance player engagement and are what consumers will come to expect as part of the overall player journey as lotteries continue incorporating more digital solutions. The enhanced omnichannel aspects that IGT will add to FDJ’s lottery infrastructure, combined with the exceptional reliability, performance and flexibility of our Aurora platform, will help FDJ maintain the French National Lottery’s standing as one of the most successful lotteries in the world.”
“Now that we have successfully scaled FDJ’s digital offer, thanks to our new omnichannel architecture and our proprietary iLottery platform, it is time to launch the upgrade of our central draw games engine to next-level omnichannel capabilities. It is a major program in FDJ’s strategic plan, and we are pleased to pursue our longstanding collaboration with IGT to make this important step a success,” said Xavier Etienne, FDJ Executive VP Technology & International.
Aurora is IGT’s sophisticated lottery central system that works to transform, manage, and grow lottery businesses.
Once installed, Aurora’s framework will be connected to FDJ’s player and retailer account management platforms, enabling end-to-end integration of classic draw games into FDJ’s new digital omnichannel architecture. IGT has served as the primary lottery central system supplier to FDJ since 2000. In addition to the lottery central system, IGT provides FDJ with instant ticket vending machines, instant tickets, technology training, and maintenance.
Konami Holdings' complete financial reports for Q2, Fiscal 2022:
Third Quarter 2021 Highlights:
• Domestic EGM RPD Exceeded $30 for the Second Consecutive Quarter
• Domestic EGM Installed Base Increased Sequentially for the First Time Since Q3 2019
• Domestic EGM Gaming Operations Revenue Eclipsed Q3 2019 Levels
• Premium Game Footprint Nearly Doubled Year-to-Date
• Table Products Revenue Reached Another All-Time Record
• Net Loss Improved to $1.8 Million Compared to $3.9 Million in Q2 2021
• Adjusted EBITDA Margin Surpassed the Upper End of our Targeted 45% to 47% Range
• Approximately $118 Million of Available Liquidity as of September 30, 2021
• Net Leverage Reduced to 4.7x as of September 30, 2021
LAS VEGAS, NOVEMBER 4, 2021 - PlayAGS, Incorporated (NYSE: AGS) ("AGS", "us", "we" or the "Company") today reported operating results for its third quarter ended September 30, 2021.
AGS President and Chief Executive Officer David Lopez said, "Our third quarter financial performance once again reflects our growing product momentum and improved execution across all three of our operating segments. The investments we have made into our business over the past eighteen months have strengthened our company's foundation, which should pave the way for meaningful shareholder value creation in the coming quarters."
Kimo Akiona, AGS' Chief Financial Officer, added, "Supported by our solid third quarter financial results and the stability we are in seeing within our business fourth quarter to date, we now expect to be nicely free cash flow positive for the full year 2021 and to end the year with net leverage inside of 4.5x TTM Adjusted EBITDA. Looking ahead, we continue to carefully manage our leverage and liquidity position to ensure we can execute on opportunities to lower our borrowing costs as they present themselves, with an intermediate-term focus on restoring the balance sheet flexibility we had prior to the onset of COVID-19, when our balance sheet was levered well inside of 4.0x."
Third Quarter 2021 Financial Results
- Given the degree to which the COVID-19 pandemic impacted the global gaming industry throughout Q3 2020, we have included our Q3 2019 financial results in the tables presented throughout this release, as we believe comparisons to Q3 2019 metrics provide more meaningful insight into the recovery trajectory of our various business segments.
- Consolidated revenue totaled $67.3 million compared to $49.3 million and $79.4 million in Q3 2020 and Q3 2019, respectively. Growth in domestic EGM gaming operations and Interactive revenue, combined with all-time record Table Products revenue, was more than offset by declines in EGM equipment sales and international EGM gaming operations revenue versus Q3 2019 levels. Although Q3 2021 EGM equipment sales revenue came in below Q3 2019 levels, we are encouraged by evidence of operators' growing propensity to commit capital for new equipment purchases. Similarly, while efforts to curtail the spread of COVID-19, coupled with the lack of fiscal stimulus, has protracted the recovery in our Mexico gaming operations business, we remain cautiously optimistic in the prospects for the Mexico gaming market to make a full recovery.
- Gaming operations, or recurring revenue, increased to $53.2 million versus $36.3 million and $52.5 million in Q3 2020 and Q3 2019, respectively. Relative to Q3 2019, the growth achieved within our domestic EGM, Table Products, and Interactive recurring revenue businesses was partially offset by a decline in our international EGM recurring revenue business, as previously discussed. In aggregate, recurring revenue accounted for 79.1% of our consolidated Q3 2021 revenue compared to 73.7% in Q3 2020 and 66.2% in Q3 2019.
- Our 2021 third quarter net loss of $1.8 million improved as compared to net losses of $11.1 million and $5.5 million realized in Q3 2020 and Q3 2019, respectively. The year-over-year decline in our reported net loss reflects our improved operating performance and lower depreciation and amortization ("D&A") expense. The improvement in our reported net loss, as compared to the level reported in Q3 2019, was driven by lower D&A and income tax expense, partially offset by slightly higher interest expense.
- Total Adjusted EBITDA (non-GAAP)(1)was $31.9 million compared to $27.0 million in Q3 2020 and $36.8 million in Q3 2019. Interactive and Table Products Adjusted EBITDA increased sharply relative to the levels achieved in Q3 2019, supported by successful execution of our strategic revenue growth initiatives within each of the segments. EGM Adjusted EBITDA decreased 17.7% versus Q3 2019 levels, as the upside from our improved Q3 2021 domestic EGM gaming operations performance was more than offset by the more gradual recoveries we are experiencing within our EGM product sales and international EGM gaming operations businesses.
- Total Adjusted EBITDA margin (non-GAAP)(1) was 47.4% compared to 54.8% in Q3 2020. Margins in the prior year period benefitted from our domestic recurring revenue businesses recovering from COVID-19-related shutdowns in advance of normalization in our operating expenses as well as a sale of previously leased units to a distributor in the prior year with a favorable gross margin. Adjusted EBITDA margin expanded by 108bps versus Q3 2019, supported by a favorable mix of higher-margin recurring revenues and the rate of our revenue recovery from post-COVID-19 lows exceeding the rate of normalization in our operating costs.
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Introduced in 2020, Zitro Digital has an extensive library of videobingo and video slot games, including the players’ favourite games for many customers worldwide. Available in multiple languages including Spanish and English, our amazing games can be enjoyed by players from all over Spain with GoldenPark.es now offering players the chance to win from anywhere at anytime.
Victor Sánchez, Online B2C Manager of GoldenPark.es has said “Our goal at GoldenPark.es is to continuously provide new and engaging games for our customers with the aim of attracting new clients and keeping existing ones. With this in mind, we decided to add their entire collection at once to our online offering. We believe that by doing this, we have added a burst of excitement and great enjoyment for our customers.”
CEO of Zitro, Sebastian Salat says “It is a fantastic achievement to see Zitro Digital grow so strongly and truly represent the existing brand and reputation of Zitro. Our goal was to create a product as strong and successful as our land-based games and we are delighted to see that it is now becoming a reality. This agreement with GoldenPark.es has given Zitro the opportunity to expand our online footprint in Spain and allows us to further develop in the online community. I would like to take this opportunity to extend my highest level of appreciation to GoldenPark.es for their support and partnership.”
The essential Link King and Link Me have great progressive prizes, in addition to their stellar Bonus Link: a completely unique and exciting bonus. The Fusion cabinet with its two 27 ”Full HD and 23” LCD topper screens, is the perfect platform for an impressive staging thanks to its spectacular graphics and surround sound.
Alejandra Burato, Zitro Sales Director for Latin America, commented: “The continuous demand for new experiences from players inspires us to improve ourselves. To design, create and launch a vast number of new and increasingly exciting games. For this reason, at Zitro, we want to support the operators by offering them the best range of products that will guarantee high performances in the room”.
On his side, Angel Florentín, Operations Manager added: “At both Buenos Aires Slots & Bingo and Bingo Varela, we are committed to the continuous renewal of our offering. We always aim to provide our players with the best gaming experience. Once again, we trust Zitro to be part of the continual expansion of our gaming and entertainment offer”.
With a total of 20 machines, the Asian-themed 88 Link and Bashiba link multigames, displayed in the elegant ALLURE and ILLUSION furniture respectively, have just been added to the gaming offer of the Buenos Aires Casino.
The ALLURE cabinet, characterized by its ultra-slim design, has three 27 ”HD LCD monitors that merge with‘ SyncroScreen ’, creating a formidable sensory spectacle. On the other hand, the revolutionary ILLUSION cabinet incorporates an impressive 43 ”full HD curved monitor, a 21.5” LCD topper and a ‘SmartDeck’ digital keypad.
“With the aim of improving the experience of our clients, expanding the entertainment proposal, we have selected Zitro’s latest innovative videoslots which combine the best games and cabinets. This generates a great variety in our room that will undoubtedly be a guarantee of success.“ Mr. Dario Montero, CEO, said.
Alejandra Burato, Zitro Sales Director for Latin America, adds: “88 Link and Bashiba Links are a safe bet. Thanks to its 243 forms and unique game mechanics, they are becoming one of the players favourite games, contributing a high performance to the room, and thus consolidating in the region. We thank Casino de Buenos Aires for their trust, and we will continue working to offer more solutions that contribute to the rapid recovery of our clients’ businesses, and of the gaming industry in general”.
Zitro announces that its CEO, Sebastián Salat, has been awarded with the prestigious Jens Halle Memorial Award, honouring excellence in commercial gaming professionalism by the Association of Gaming Equipment Manufacturers (AGEM).
In previous editions, AGEM has awarded the Jens Halle Memorial Award to prominent figures recognized worldwide for their influence and impact on the development of the global gaming industry.
“It is an honor for ZITRO that AGEM has presented our CEO with such a well-deserved award and we greatly appreciate it. Sebastián’s experience and prestige accumulated over 35 years in the industry have been very valuable for the development that Zitro has been experiencing in recent years. We are proud of our talented team in which Sebastián is an important part of. He has been a source of inspiration for us all”, said Johnny Ortiz, Founder of the company.
Sebastián Salat, CEO
Watch AGEMs Jens Halle Memorial Award acceptance video
The games feature an exciting, new ultra-slim Allure Cabinet with 3 x 27” HD LCD monitors, along with syncroscreen features. With five levels of progressives, and the top (linked) award starting at $10,000, the excitement never stops. The “Link UP” feature combined with the Multiway game mechanics raise the excitement level for a truly one-of-a-kind experience!
“We are grateful for our long-standing partnership with Pechanga Resort Casino and are very excited for the opportunity to place our 88 Link games on their sizzling gaming floor. This will be the first time slot players in California will have the chance to play these electrifying games and we can’t wait!” said Mike Magrisi, Managing Director of Zitro USA.
“Pechanga Resort Casino is the first location guests can play these new games by Zitro USA anywhere west of Oklahoma,” said Alex Rodriguez, Vice President of Slot Operations. “We work hard to give our guests the best, newest slots, and a fun and engaging mix of games on our 200,000 square foot casino floor. It’s already apparent guests are going to like these.”
Zitro continues to execute on its worldwide expansion plans to affirm its position as a leading global gaming supplier.
At Zitro we are excited to introduce Eva García as our Marketing Director based in Barcelona, Spain. Eva has a wealth of experience in marketing and communication including five years of service at CIRSA Gaming Corp, and almost eleven years at Scientific Games. She has a vast knowledge of brand management, event organizations and product launch strategies and both corporate and product related communications.
Sebastián Salat, CEO, said, “We are fortunate to have Eva to lead our marketing team. Her years of experience in marketing and communication in tier one gaming companies will help us to take Zitro to the next level.”
Eva García
Eva García, said, “I’m absolutely delighted to join such an innovative organization and excited to contribute to the growth and expansion of Zitro as a global industry leader”.
The games feature an exciting, new ultra-slim Allure Cabinet with 3 x 27” HD LCD monitors, along with syncroscreen features. With five levels of progressives, and the top award starting at $10,888, the excitement never stops. The Link UP feature combined with the Multiway game mechanics raise the temperature for a truly electric experience!
“We are thrilled to continue to build on Zitro’s momentum at the Seminole properties with our newest addition of 88 Link and look forward to expanding our partnership with more great games in the near future,” said Mike Magrisi, Managing Director of Zitro USA.
“Seminole Hard Rock Tampa welcomes these exciting new games from Zitro USA,” said Dan Ingster, Vice President of Slot Operations. “As one of the largest and most successful casinos in the world, we’re always looking to expand our award-winning gaming.”
Zitro continues to execute on its worldwide expansion plans to affirm its position as a leading global gaming supplier.
Zitro USA’s Managing Director Mike Magrisi said, “The timing is perfect to share a sneak preview of our Award Winning Class III product just as we enter the Tribal Gaming space out west. Zitro USA has reached several key milestones on our way to installs scheduled from coast-to-coast this summer. We are looking forward to sharing our story with our partners at NIGA.”
Delta’s Director Desiree Treeby added “We believe we have found a great fit in Zitro to continue our growth in the Oklahoma Market at a perfect time for both of our companies. The product looks great, and we have no doubt their strong performance in Florida will carry over into Oklahoma. We are excited to see where their product suite can take us together.”
Nadège Teyssedre, Regional Manager for EMEA, stated that: “During these days in Kiev we have been presenting our products to operators in the country, and we have closed our first agreements for the supply of the first Link King banks and 88 Link banks that will soon be operating in Ukrainian casinos. We are very excited and convinced of the success of our products in this promising market”.
Sebastián Salat, CEO of Zitro, said that “Ukraine was a very interesting market in the past, but it suffered from the lack of a solid legal framework that guaranteed operators the security of their investment. This time the Ukrainian Government has promoted a law that does provide that legal certainty, although there are still fiscal aspects that must be reconsidered so that the gaming industry, and with it, the tourism, can grow and contribute significantly to the economy of the country “. Also, Sebastian Salat, states that: “We, from Zitro, will make our excellent products available to Ukrainian operators, and we promise to be a guarantee of profitability for them, as well as a guarantee of fun for their customers.”
The Allure cabinet has three 27-inch Full HD screens, and the graphics on the upper screens of each of the machines in a bank configuration work together, thanks to the ‘SynchroScreens’ functionality, creating a harmonious visual spectacle.
The games supplied are ’88 Link Wild Duels’ including the attractive ‘243 ways’ game mechanics and the fantastic ‘Link Bonus’, which has given Zitro so many successes in markets worldwide. The attractive Allure cabinet guarantees comfort for the player, while the 88 Link Wild Duels games ensure excitement, entertainment and guarantees high profitability for the operator.
“Zitro’s video slots are already very popular with our players, so the new Allure-88 Link machines will be an eye-catcher, and an important contribution to the great experience that Regency always strives to offer to our customers,” says Ian. Gosling, COO of Regency Entertainment.
Nadège Teyssedre, Zitro Regional Sales Director EMEA, comments: “We want to congratulate Regency Entertainment on the long-awaited reopening of their amazing casinos. Our Link King and Link Me games have delivered extraordinary results in Regency Entertainment casinos, and we are very proud to have now introduced our Allure-88 Links in the casinos of which is one of the most prestigious operators in Europe. We greatly appreciate Regency Entertainment for the trust they show us.”
Zitro Digital, the online business unit of global gaming industry provider Zitro, has just announced the launch of one of its biggest bestsellers for online casinos: Link King!
The progressive that is sweeping land-based casinos around the world, finally reaches digital channels, allowing players to enjoy it wherever, whenever, and however they wish, through mobile, tablet and desktop applications. All the excitement of one of the most successful Zitro games is just one click away!
Anna Kityk, B2B Manager at Zitro Digital has commented that: “Link King is one of those games that triumphs wherever it is installed, and operators have been requesting it for their online casinos for a long time. We are launching it now, after ensuring that it meets all requirements for optimal performance on digital platforms and we are sure that it will succeed online in the same way that it is doing in land-based casinos across all continents.”
Sebastián Salat, CEO of Zitro adds: “We are betting strongly on the growth of our digital business. The adaptation of our best games for online casinos plays a fundamental role within our worldwide expansion plan in this distribution channel. Today it is Link King and soon more recognized hits, like Link Me and 88 Link and others, will follow”.
To contact the commercial department of Zitro Digital, write an email to sales.digital@zitrogames.com.
SAGSE has recently announced the winners of the SAGSE 2020 awards, chosen by a wide participation of regulators, operators, executives, and entrepreneurs from the global Gaming Industry. Zitro, and its founder Johnny Ortiz, have been honored with five 2020 SAGSE awards.
Johnny Ortiz has been chosen as one of Europe’s Top Five Leaders of Land-Based gaming, recognizing his influence and leadership in the industry, as well as his contribution and drive for innovation in the unique gaming concepts that Zitro always offers.
Zitro has also received the Best Bingo Provider awards for both Europe and the USA, confirming that the spectacular growth of Zitro’s video slots product range has been achieved while the company has maintained its undisputed leadership in the video bingo sector. In fact, the resounding success of its recently introduced Dragon Lamp product reaffirms that leadership.
Johnny Ortiz, Founder
Likewise, Zitro has also been awarded the Best Video Slot award in Europe and the USA. This award has gone to the game 88 Link, Zitro’s progressive game that is presented in the Allure cabinet, and which has been reaping so many successes on all continents.
Johnny Ortiz, founder of Zitro, said that: “I want to express my deepest gratitude both to SAGSE, for organizing these awards, and to all those who chose Zitro and our products with their votes. We know that we compete with big companies, and awards like these honor us and confirm that we are on the right track to be among the leading companies in the Gaming Industry”.
Zitro’s world-renowned progressive multigame 88 Link is featured on the Allure ultra-slim cabinet with × 27 ? HD LCD monitors, and with its impressive SyncroScreen functionality, which uses the top monitors to deliver continuous animations that flow from one machine to another.
Alejandra Burato, Zitro’s Regional Director for Latin America, stated that “at Zitro we feel very happy not only because of the arrival in Panama of 88 Link, another of our star products, but because the growth of our presence in the Panamanian market is an unequivocal symptom not only of the acceptance of our products in the country, but of the gradual recovery of the market after the difficult times we have experienced, and which, happily, we are leaving behind. We greatly appreciate Gran Casino David for their strong commitment to Zitro. “
Growth in Games and FinTech Segments Drives Quarterly Record Recurring Revenue
Raises Full-year Revenue and Earnings Guidance
Las Vegas – November 3, 2021 - Everi Holdings Inc. (NYSE: EVRI) (“Everi” or the “Company”), a premier
provider of land-based and digital casino gaming content and products, financial technology and player loyalty solutions, today announced third quarter results for the period ended September 30, 2021.
Third Quarter 2021 Financial Highlights and Updated Full Year Outlook
As the third quarter 2020 financial results were significantly impacted by the COVID-19 pandemic, Everi believes a more meaningful comparison for its 2021 third quarter results and an indication of its growth is to the 2019 third quarter results, for which revenues and Adjusted EBITDA were higher than in the 2020 third quarter.
Financial results for the 2021, 2020 and 2019 third quarter periods are presented in the
Consolidated, Games and Financial Technology Solutions comparative results tables below.
• Revenues rose 25% to $168.3 million, compared to $134.6 million in the 2019 third quarter.
• Operating income more than doubled to a record $55.1 million compared to $27.3 million in
the 2019 third quarter. Net income, inclusive of $34.4 million in pre-tax costs for the extinguishment of debt associated with the Company's refinancing of its outstanding debt in the quarter, decreased to $6.7 million, or $0.07 per diluted share, compared to $9.3 million, or $0.12 per diluted share, in the 2019 third quarter.
• Adjusted EBITDA, a non-GAAP financial measure, increased 40% to $90.6 million, compared to $64.7 million in the 2019 third quarter.
• Free Cash Flow, a non-GAAP financial measure, increased more than fivefold to a quarterly
record of $56.3 million, compared to $11.1 million in the 2019 third quarter.
• Company now expects full year revenue of $645 million to $653 million, net income of $98
million to $100 million, Adjusted EBITDA of $342 million to $346 million and Free Cash Flow
of $155 million to $160 million.
Michael Rumbolz, Chief Executive Officer of Everi, said, “The growth in our third quarter revenue, operating earnings and Free Cash Flow demonstrate the substantial ongoing momentum in our financial performance. We expect that further growth across both our Games and FinTech segments will continue for the remainder of this year and into 2022 and beyond. We expect to continue to benefit from the expansion of our installed base of leased gaming units, growth in ship share, same-store increases in financial access transactions, and the ongoing organic growth of our loyalty and regulatory compliance solutions. We believe the ongoing 2 strength across both businesses and our deep pipeline of new offerings will drive consistent earnings and revenue growth as well as the continued generation of significant Free Cash Flow.
“The favorable customer reaction to our newest products at G2E® last month bolsters our confidence in our near- and long-term outlook. For our Games segment, the scale of our newest content continues to increase with well-received new themes introduced across the spectrum of premium video, premium mechanical, standard video, standard mechanical, and wide-area progressive (“WAP”) machines. New premium games such as Cashnado™ and Smokin’ Hot Stuff Wicked Wheel Fire and Ice® further demonstrated to customers our commitment to offer both new themes and support of our popular hit franchises, while our unique for sale Cha Ching™ and Moneyline™ games for the high-performing Empire Flex® portrait cabinet highlight the creativity and innovation of our game design teams. Everi’s development teams continue to create products that raise the level of gaming entertainment and thereby offer an attractive return on the investments our customers make in our gaming products.
“Our portfolio of integrated FinTech products and services is more comprehensive and provides more value to casino operators than ever before and our newest offerings were similarly met with very favorable response at G2E. Our omni-channel, digital Cashclub Wallet® was a highlight of the show, including our demonstration of its seamless integration with our mobile-player loyalty offering. New products, such as MetersXpress™ and PitXpress™, which extends our Digital Neighborhood to the casino pit, provide key process efficiencies. With the strength and depth of our newest products and core offerings, Everi is favorably positioned to execute on our significant opportunities s to gain market share and deliver consistent future growth across our Games and FinTech businesses.”
Click here to see the full report with spreadsheet
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LAS VEGAS, Nov. 2, 2021 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or "the Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, and player loyalty solutions today announced an agreement with Shift4 (NYSE: FOUR) to integrate Everi's CashClub Wallet® technology with Shift4's end-to-end payment solution.
The CashClub Wallet technology from Everi extends cashless payments and a patron's digital journey throughout the gaming enterprise using traditional, alternative, and mobile technologies. Everi's single wallet solution empowers casino operators to successfully deliver on all aspects of the emerging mobile casino ecosystem, including funding at the gaming device, payments at the retail point of sale, and funding of online sports betting, iGaming or social gaming. This true cashless experience also provides patrons with multiple options to access funds while on the casino floor or on the go.
"Given our broad collective customer base, this momentous opportunity for Everi and Shift4 to expand the reach of CashClub Wallet to retail outlets opens the door for further improvements to a patron's digital journey across the casino enterprise," said Darren Simmons, Everi's Executive Vice President and FinTech Business Leader. "Our agreement with Shift4 reflects our collective goal of providing casino patrons with a convenient, casino-wide mobile funding experience."
Currently live at 15 casinos that host more than 32,000 electronic gaming devices, Everi's CashClub Wallet solution is the most widely deployed land-based digital gaming wallet in the U.S., and the market's only fully-integrated, multi-property, multi-jurisdictional, and system-agnostic solution.
As the leader in secure payment processing and integrated technology solutions, Shift4 powers the top point-of-sale (POS) and software providers across numerous industry verticals. Shift4 securely processes billions of transactions annually for more than 200,000 businesses.
"This partnership with Everi is an ideal way for us to enhance our collective capabilities and help our casino customers better serve their guests' payment needs," said Shift4 Chief Commercial Officer Michael Isaacman. "The gaming industry is rapidly moving towards more forward-thinking digital payments solutions and loyalty programs. By integrating Everi's cashless mobile digital wallet with our end-to-end solution, Shift4 and Everi will help improve casino operational efficiency while delivering a convenient and seamless payment experience to guests."
LONDON, Nov. 2, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it signed a multi-year iGaming content distribution agreement with leading online gaming content creators, Yggdrasil Gaming. The agreement grants IGT exclusive access to a selected number of Yggdrasil Gaming's online games for distribution in the U.S. and Canada where iGaming is permitted.
"Yggdrasil continues to deliver on its growth strategy, and the U.S. and Canada are key territories for driving continued, sustainable long-term growth, and shareholder value. We are delighted to partner up with IGT, the world's leading gaming supplier, who will have exclusive territorial distribution rights for a selected number of our best-in-class Yggdrasil game titles," said Fredrik Elmqvist, Yggdrasil CEO."As the online gaming market continues to expand in North America, we look forward to supporting IGT's PlayCasino customers realize their goals through our player-centric, highly entertaining and award-winning games."
"Partnering with high-performing game developers such as Yggdrasil Gaming is a pillar of IGT PlayDigital's growth strategy and an additional differentiator of the IGT PlayCasino value proposition," said Enrico Drago, IGT CEO Digital & Betting. "Yggdrasil Gaming's artistic talents, passion for innovation and commitment to quality and performance shine through in all their games and we believe Yggdrasil games will complement our player-favorite IGT PlayCasino games."
IGT expects to feature the first Yggdrasil game on its platform in December 2021.
For more information on IGT PlayCasino games visit https://www.linkedin.com/showcase/igt-casino-lounge.
LONDON, Nov. 1, 2021 /PRNewswire/ -- International Game Technology PLC (IGT) (NYSE: IGT) announced that it has signed a multi-year licensing agreement with Authentic Brands Group (ABG), a global brand development, marketing and entertainment company and owner of the Marilyn Monroe Estate, granting IGT licensing rights to develop and distribute Marilyn Monroe-themed, omnichannel lottery games. In addition to compelling instant tickets, innovative draw-based games and engaging mobile and interactive games, IGT will develop exciting and comprehensive experiences for lottery customers and their players.
"Marilyn Monroe is one of the most recognizable female entertainment icons in history," said Jay Gendron, IGT Chief Operating Officer, Lottery. "IGT looks forward to leveraging the legendary Marilyn Monroe brand to create exciting, high-quality games across all lottery channels for our U.S. and Canadian customers and their players."
"ABG is pleased to partner with IGT to create exciting omnichannel lottery games for Marilyn Monroe fans and lottery players alike," said Marc Rosen, Group President, Entertainment, Authentic Brands Group. "IGT is a proven leader in adopting well-known brands and transforming them into extraordinary lottery products and experiences."
A thoughtful and progressive woman ahead of her time, Marilyn Monroe remains among the most famous and influential female stars of all time. Her life has inspired countless books, films, plays, paintings, songs, and more. To date, she has nearly 15 million fans across social media platforms.
For more information about IGT's lottery business, visit igt.comand follow us on LinkedIn.
LONDON, Nov. 1, 2021 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT) announced today that it has expanded its sports betting market opportunities in Puerto Rico via a multi-year PlaySports technology and services agreement with The Stadium LLC. The Stadium LLC owns and operates WinIn, a Puerto-Rico based entertainment company that has partnerships with leading eSports companies and the top baseball league in the region, Liga de Béisbol Profesional Roberto Clemente, that plans to expand into the recently regulated sports betting market in Puerto Rico.
Under the terms of the agreement, IGT PlaySports technology and trading advisory services will power all of WinIn's future online and retail sportsbooks in Puerto Rico.
"As the sports betting market in Puerto Rico takes shape, WinIn is well-positioned to deliver world-class online and retail sports betting thanks to our technology and services partnership with IGT," said Grace Santana, WinIn Chief Operating Officer. "IGT's PlaySports platform continues to prove its capacity to scale with new market opportunities and give players a seamless omnichannel experience that they can trust."
"IGT PlaySports is highly experienced at helping operators such as WinIn successfully establish competitive sportsbooks in newly regulated jurisdictions," said Joe Asher, IGT President of Sport Betting. "The prospect of adding Puerto Rico as a territory with PlaySports-powered sportsbooks is another exciting step in our effort to further expand our footprint across North America."
For more information about IGT PlaySports, visit igt.com/PlaySports or visit us on LinkedIn.
LONDON – Oct. 29, 2021 – International Game Technology PLC (“IGT”) (NYSE: IGT) announced today that Jade Luchauer, IGT Manager Corporate Social Responsibility, recently won the “Outstanding Individual Contribution to Responsible Gaming” award in the Global Regulatory Awards 2021. The independently judged, annual awards program is coordinated by Gambling Compliance and is designed to recognize and reward individuals and teams who work tirelessly to set new standards in compliance and responsibility across the global gambling industry.
“Jade Luchauer is a skilled Responsible Gaming subject matter expert who applies her deep knowledge, passion, and experience for the advancement of IGT, our global gaming and lottery customers and their players,” said Wendy Montgomery, IGT SVP Global Brand, Marketing and Communications. “Jade’s ability to educate others on this important topic, drive change and convert Responsible Gaming best practices into industry-leading policy is remarkable. She also plays a pivotal role in shaping components of IGT’s corporate giving strategy and maintains relationships with globally recognized Responsible Gaming advocacy groups and certifying organizations.”
Throughout Jade’s seven-year tenure at IGT, she has made many significant contributions to Company. Most recently, she led the creation and publication of IGT’s first-of-its kind Global Responsible Gaming Policy which is now featured IGT.com. Additionally, Jade helped IGT earn its 2020 G4 re-certification for Responsible Gaming for its gaming and digital operations, and championed the development of an in-depth document outlining the Responsible Gaming-focused aspects of IGT’s cashless gaming technologies.
To learn more about IGT’s Responsible Gaming and Corporate Social Responsibility initiatives visit IGT.com.