EC okays Blackstone’s Cirsa acquisition

The European Commission has approved the acquisition of the Spanish company by US company BLACKSTONE.

As a result, BLACKSTONE, a South American investment company and a larg e-scale asset management company, has acquired the world's largest Gambling Group, which owns casinos, bingo holes, slot machines, gaming holes, and distribution companies in Europe, Morocco, Latin America. , Completed in an inseparable form.

The European Commission concluded that the proposed acquisition did not cause competitive concerns because the impact on the market structure was limited.

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Playtika Reports Q2 2024 Financial Results

Reading time: 2 minutes

Playtika Holding Corp. has announced the second quarter cash settlement ending on June 30, 2024.

Sales were $ 627 million, down (3, 7 %) of the previous year (3, 7 %), fell (2, 5 %). DTC platform sales were $ 173 million, up 1, 3%yea r-o n-year, up 5, 1%yea r-o n-year. Net income was $ 86 million, up 63, 4%yea r-o n-year, up 14, 4%yea r-o n-year. Before the loan adjustment, EBITDA was $ 1911 million, an increase of 2, 9 % yea r-o n-year, a (11, 2) percentage of the previous year. As of June 30, 2024, the total of foreign exchange options, currency, and shor t-term investments was $ 1. 1 billion.

"We are focusing on the strength and possibility of the main game, and strategic initiatives to strengthen the portfolio. We are actively exploring the opportunity to expand the game portfolio through M & Amp; A. The focus is to find a studio that complements existing games and creates permanent value.

"With the focus on the consumer direct sales business and the strict management of sales costs, the profitability has been continuously improved. We are taking measures to ensure sustainable growth and profitability. , We are doing our utmost to create permanent value for players and shareholders.

The main business characteristics and main business factors

The average daily settlement user was 298, 000, decreasing (3, 6) percent of the previous quarter, and (2, 9) percent of the annual basis. The average conversion rate was 3. 7 % (3. 5 % in the same period of the previous year, 3. 6 % of the previous fiscal year). Sales in casual games decreased (4, 3) %compared to the previous quarter, and (1, 7) percent of the annual basis. The profits of games, based on social casinos, were reduced (2, 9) %compared to the previous quarter, and (3, 4) %of the year. Bingo Blitz's income was $ 155. 7 million, decreasing (1, 2) in the previous quarter, and a percentage of (0, 4) per year. Travel revenue in June was $ 746 million, decreasing (2, 6) from the previous quarter, increasing by 1, 9 % a year. Slot enthusiasts were $ 133. 8 million, decreasing (1, 2) in the previous quarter (1, 2), and (7, 5) percent of the year.

Playtika announced the quarterly dividend payment.

Plateka's Board of Directors, which has been issued on October 4, 2024, has a $ 0. 10 cash dividend per share, to holders of shares registered as of the business date on September 20, 2024. We announced that we will pay. Future dividends will follow the market status and the approval of the Board of Directors.

According to the 2024 financial results, the sales were 2, 520 to 226 billion, the lower limit of the previous range, and after adjusting the loan, the EBITDA indicator was $ 730 to 770 million, which is in the middle of the previous scope. The cost is expected to be 95 to 100 million dollars.

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Navigating the iGaming Industry as a Start-Up

Reading time: 3 minutes

Pierre Mefsud, a commercial director of Venturemax Group, states that if the Igaming world can avoid pitfalls, a new company full of rich ideas will be a great opportunity.

In the online gambling world, people with excellent brains, creative talent, and strong entrepreneurs are gathering.

From the acquisition of hundreds of millions of dollars boutique studios to the merger and integration of to p-notch operators, which have been recognized by everyone, there is no end. However, some companies succeed, while others fail.

The reason is the difficulty of navigating the online gambling industry. This is a mine field, which means the end of the game if you make a mistake. To jump to the top, you need not only great ideas and wise products, but also financial support regardless of the scale.

Eventually, emerging companies need to master all the business fields, from product quality and customer experience to regulation, differentiation, marketing, and funding. And even in this case, success is not considered.

Look at some of these important fields to find out how to avoid disabilities.

Regulation, license, compliance

As the industry headed for the regulation, most of the maps changed from gray to white. This brought a great chance to the organization, but also brought new tasks at the same time.

Businesses, suppliers, and other service providers have to obtain licenses and authentications to perform business in the regulated jurisdiction, and the requirements vary from market to market, but this is difficult to do. It is.

Most organizations have specialized departments to obtain the approval needed to enter the market, and a compliance team that constantly monitor compliance. The cost of compliance violations is very high, which can be fatal for emerging companies.

So, let's consider organizing a specialized team that handles all regulatory requirements, even if you are alone. By doing so, the lon g-term survival of the business is guaranteed.

Stand from the crowd

It is no wonder that many emerging companies will enter this field. In other words, it is extremely important to provide new things to stand out.

It may be a truly innovative thing, such as unprecedented game format, new mechanisms, technologies that solve problems, or better ways to do what is already being done.

Technology is a major driving force in innovation, and the most successful startups often have their own platforms, solutions, and mechanisms that swallow the industry.

Of course, this is not a prerequisite for success, and many emerging companies have gained great success by improving what is already being done.

In any case, emerging companies need to have an impact, and imitating their predecessors does not work.

Larg e-scale customer acquisition:

Whether you are B2B or B2C, one of the important issues in every business is to acquire larg e-scale customers. To do so, you need a comprehensive marketing strategy that delivers a true message to your customers at the right timing and locations.

In such a hig h-level competition, what is important for companies and brands is that they are real and clear in communication with the audience. < SPAN> regulation, license, compliance

As the industry headed for the regulation, most of the maps changed from gray to white. This brought a great chance to the organization, but also brought new tasks at the same time.

Businesses, suppliers, and other service providers have to obtain licenses and authentications to perform business in the regulated jurisdiction, and the requirements vary from market to market, but this is difficult to do. It is.

Most organizations have specialized departments to obtain the approval needed to enter the market, and a compliance team that constantly monitor compliance. The cost of compliance violations is very high, which can be fatal for emerging companies.

So, let's consider organizing a specialized team that handles all regulatory requirements, even if you are alone. By doing so, the lon g-term survival of the business is guaranteed.

Stand from the crowd

It is no wonder that many emerging companies will enter this field. In other words, it is extremely important to provide new things to stand out.

It may be a truly innovative thing, such as unprecedented game format, new mechanisms, technologies that solve problems, or better ways to do what is already being done.

• Of course, this is not a prerequisite for success, and many emerging companies have gained great success by improving what is already being done.
• Larg e-scale customer acquisition:
• In such a hig h-level competition, what is important for companies and brands is that they are real and clear in communication with the audience. Regulation, license, compliance
• Businesses, suppliers, and other service providers have to obtain licenses and authentications to perform business in the regulated jurisdiction, and the requirements vary from market to market, but this is difficult to do. It is.
• So, let's consider organizing a specialized team that handles all regulatory requirements, even if you are alone. By doing so, the lon g-term survival of the business is guaranteed.

Stand from the crowd

It is no wonder that many emerging companies will enter this field. In other words, it is extremely important to provide new things to stand out.

It may be a truly innovative thing, such as unprecedented game format, new mechanisms, technologies that solve problems, or better ways to do what is already being done.

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Industry News

Maximising Game Success: The Advantages of Partnering with a Distribution Partner

Technology is a major driving force in innovation, and the most successful startups often have their own platforms, solutions, and mechanisms that swallow the industry.

Of course, this is not a prerequisite for success, and many emerging companies have gained great success by improving what is already being done.

In any case, emerging companies need to have an impact, and imitating their predecessors does not work.

Whether you are B2B or B2C, one of the important issues in every business is to acquire larg e-scale customers. To do so, you need a comprehensive marketing strategy that delivers a true message to your customers at the right timing and locations.

This is, for example, this is one way to compete with noise made by rivals, as the company has a clear identity and task. Modifying a channel that can introduce a true relationship with customers is still very basic.

Digital marketing is truly economically effective if it is done correctly, is perfectly controlled and easy to optimize in real time if it is planned and analyzed.

Therefore, this marketing method is considered unstable for B2B and B2C companies.

Securing initial funds

However, finding a favorable researcher has the ability to explain what to arrange. Some traders are ready to provide capital, but some traders do not want to play unnecessary roles in the company's daily management, while others have all the opportunities that require more control and role than the founder wants. 。

{space}

• {space}
• universe
• {Space}
• {Spatial}
• The attitude toward our investment is that it should be a true partnership.
• Therefore, those who have not taken it into action, do not pay attention to many issues, and have achieved a huge reward for those who have achieved their own Igamin startups.
• Digital marketing is truly economically effective if it is done correctly, is perfectly controlled and easy to optimize in real time if it is planned and analyzed.

Therefore, this marketing method is considered unstable for B2B and B2C companies.

Securing initial funds

Most emerging companies face the need for funding to achieve their intentions. It is likely that there is an organic rise every time, but it is a boring time, which has the potential for the company to actually miss the right time.

However, finding a favorable researcher has the ability to explain what to arrange. Some traders are ready to provide capital, but some traders do not want to play unnecessary roles in the company's daily management, while others have all the opportunities that require more control and role than the founder wants. 。

Emerging companies need to think about how to arrange themselves for appropriate investors. The Venture Max Group has various aspects of investment, and before that, it is essential to answer companies how to consider the possibility of a partnership with companies.

• The possibility of the upside is high on the early stage
• Being a company with harmful ability
• Being a problem of innovative technology
• Space} The existence of a powerful team of the founder
• The existence of expandable and protected market opportunities

The attitude toward our investment is that it should be a true partnership.