Spinomenal scores new deal with 711

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Gaming Realms, a leading provider of mobile-focused gaming content, has expanded into a new office space to house an expanded team following a momentous year of growth.

Surging demand for Gaming Realms’ popular Slingo titles saw the provider report FY23 revenue of £23 million and adjusted EBITDA of £10.0 million, up 23% and 28% respectively year-on-year.

Gaming Realms strategically expanded its product and commercial teams in recent months to keep up with demand and has doubled the size of its London office to accommodate its rapidly growing workforce.

Beyond its headquarters, the company is also bolstering its presence in the US, Italian and Spanish markets, through various key hires and appointments. This global expansion positions Gaming Realms for even more growth in the future.

Mark Segal, Chief Executive Officer at Gaming Realms, said: “Doubling the size of our London office allows us to attract even more top talent from across the industry, fuelling our global expansion strategy.

“With exciting new market entries and continued growth in existing territories driving our 2024 goals, this move positions us for even greater success in the future.”

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Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new appointments. Read on and get updated.

Latest News

Hard Rock Digital and Hard Rock Casino Rockford announced that Hard Rock Bet has been launched in Illinois, with its highly rated online sports betting app now live throughout the state and in-person wagering began on August 29 at Hard Rock Casino Rockford’s sportsbook. Hard Rock Bet recently launched its ‘Roll With Us’ fall campaign, welcoming players of all types to play on its easy-to-use app and online sportsbook by visiting HardRock.bet. New Illinois players can take advantage of Hard Rock Bet’s signup offer and receive $100 in Bonus Bets instantly following their first cash bet of at least $5. Hard Rock Bet offers pre-game, live betting, futures and multiple parlay options (including Same Game Parlays) as well as a free online rewards programme and engaging promotions.

Table Trac Inc. along with TransAct Technologies Incorporated, a global leader in software-driven technology and printing solutions, shared the results from the first six months of the SlotSUITE deployment. The floor-wide, single-wire printing solution, announced in December 2023, was recently implemented in a large regional casino in the American Southwest. SlotSUITE was developed through a partnership between CasinoTrac and TransAct Technologies. It integrates TransAct’s Epicentral SE with PromoTrac, CasinoTrac’s unified promotions administration and management system, using a single-wire solution that works on existing CasinoTrac gaming floor networks.

Related Companies/Oxford Properties Group and Wynn Resorts revealed new project details for the next phase of Hudson Yards, including new renderings and animations as well as additional testimonials of support. The $12 Billion total project proposal to build Hudson Yards West on top of the undeveloped western rail yards, is a once-in-a-generation commitment that, if approved by City and State officials, would provide significant quality-of-life improvements for the neighborhood and enormous economic opportunity for the entire city.

New Appointments

Rush Street Gaming announced that casino and hospitality veteran Cliff Ehrlich has joined the company as its chief operating officer. Ehrlich assumes the role of Rush Street COO from Bill Keena, a longtime company and industry leader, who plans to retire later this year. Ehrlich’s career began in marketing at the Catskills’ Pines Resort Hotel in the 80s and transitioned in the 90s to casino development and operations. In 1996, he became co-owner of the Monticello Raceway and helped recruit the Oneida Indian Nation to build a casino on the property. Since 2022, Ehrlich has been Navajo Nation Gaming Enterprise’s chief operating officer, with oversight of four casinos, a resort destination hotel, travel plaza and food & beverage manufacturing.

Wanna.com, in August, announced the appointment of Chuck Bowling, former President and COO at MGM Resorts International, to its Board of Directors. With an impressive career overseeing prestigious properties such as the Mandalay Bay, Delano, Four Seasons Las Vegas and Luxor, Mr. Bowling brings a wealth of experience and strategic insight to the burgeoning enterprise. As Wanna.com prepares for its initial launch in approximately 25 to 30 states, Mr. Bowling’s extensive expertise in hospitality and gaming will be instrumental in guiding Wanna.com and Wanna Parlay, through this exciting phase of growth and development.

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INTRALOT SA (RIC: INLr.AT, Bloomberg: INLOT GA), an international gaming solutions and
operations leader, announces its financial results for the six-month period ended June 30th, 2024,
prepared in accordance with IFRS.

Group Revenue at €173.6m in 1H24 (-0.9% y-o-y, including the impact of €-10.3m due to the exchange rate movement in Argentina within December 2023).

•  EBITDA at €59.5m (-5.3% y-o-y) in 1H24, with EBITDA margin reaching 34.3%.
•  EBT in 1H24 shaped at €6.1m and NIATMI (Net Income After Tax and Minority Interest) at €4.6m, higher by 4.4% vs. 1H23.
•  Operating Cash Flow at €45.0m in 1H24.
•  Group CAPEX in 1H24 was €11.7m.
•  Group Cash at the end of 1H24 at €85.4m.
•  Adjusted Net Debt at €338.2m at the end of 1H24, lower by €142.3m vs. 1H23.
•  Adjusted Net Leverage ratio at 2.7x in 1H24. In the respective period last year, Net Leverage ratio shaped at 3.7x.
•  On June 11, 2024, INTRALOT announced the successful migration of the British Columbia Lottery Corporation’s (BCLC) retail lottery system to its innovative LotosX Omni ecosystem fully deployed on a Cloud technology stack. This achievement signifies a major milestone for INTRALOT in North America, while making BCLC one of the first lotteries in the world to adopt a fully cloud-based lottery system.
•  On August 26, 2024, INTRALOT S.A. announced the three-year contract extension of its subsidiary in The Netherlands, INTRALOT BENELUX B.V., with Nederlandse Loterij Organisatie B.V. (NLO) to continue providing operations and management services for TOTO retail sportsbook has been activated. TOTO is the sports betting brand of NLO and is operated through a retail network of 4,000 POS. The contract extension is through June 2027.
•  Also, on August 26, 2024, INTRALOT S.A. announced that its subsidiary in Ireland, INTRALOT Ireland Ltd., has signed a three-year (3) contract extension, through November 2027, with Premier Lotteries Ireland DAC (PLI). This extension allows INTRALOT to continue providing its advanced central gaming system for the operation of the National Lottery of Ireland through a retail network of more than 4,300 INTRALOT terminals, as well as serving mobile and web players.

Note:  Due to rounding, numbers presented throughout this, and other documents may not add up precisely to the totals.

For the entire report check the attached document