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The Danish state-owned lottery and gaming operator Danske Spil has published its financial report for Q3 of FY2021, revealing a 2.9% increase in GGR and a 3.4% rise in profits. Danske Lotteri Spil, the lottery side of the business, posted revenues of DKK2.03bn representing an increase of 5.8% year-on-year. The lottery business also contributed to the majority of total profit before financial items. In total, Danske Spil’s profit before financial items stood at DKK1.59bn, up 3.4% YoY, with Danske Lotteri Spil contributing to DKK1.39bn. Meanwhile, the betting and gaming side of the business, Danske Licens Spil, generated DKK1.36bn in revenue, largely thanks to the increased sporting calendar, aided by Denmark reaching the semi-finals of UEFA Euro 2020. However, it was Swush, the operator’s fantasy sports platform which provided the most growth in Q3. Revenues from Swush grew from DKK5.5m in 2020 to DKK15.2m in Q3 2021. COVID-19 is having an impact on Danske Spil’s gaming arm, Epic Gaming, given that more of its halls have been closed throughout Q3 2021 than the previous year. As a result, Epic Gaming’s revenue dropped from DKK188.3m to DKK130.9m. The operator was forced to pay higher taxes throughout 2021 following the decision from the government to increase its tax rate from 20% to 28% from January. As a result, taxes paid to the Danish state were up 25.2% to DKK450.7m. However, due to the strong financial performance throughout the period, the operator posted a post-tax profit of DKK1.23bn, up by DKK54.6m from the previous year Following the strong financial situation of Danske Spil, it has increased its profit guidance for the financial year. Previous forecasts indicated that it would make a profit between DKK1.4-1.5bn, however, updated forecasts predict a profit of DKK1.5-1.6bn.

Danske Spil posts strong Q3 financials despite increased tax rate

The Danish state-owned lottery and gaming operator Danske Spil has published its financial report for Q3 of FY2021, revealing a 2.9% increase in GGR...
Chinese lottery, games and entertainment technology company AGTech Holdings Limited has released its financial results for the first nine months of 2021, reporting a revenue increase of over 36% from the previous year

AGTech reports 36% sales increase as contract winnings headline Q3 performance

Chinese lottery, games and entertainment technology company AGTech Holdings Limited has released its financial results for the first nine months of 2021, reporting a...
The Netherlands Online Gaming Association (NOGA) has shown support for a new safer gambling slogan proposed for the Dutch betting and gaming market entitled ‘Avoid Regrets, Stop in Time 18+’.

NOGA shows support for ‘Avoid Regrets, Stop in Time 18+’ safer gambling slogan

The Netherlands Online Gaming Association (NOGA) has shown support for a new safer gambling slogan proposed for the Dutch betting and gaming market entitled...
Pollard Banknote has published its financial report for Q3 of FY2021, revealing a drop in key performance metrics as the company noted ‘ongoing investments’.

Pollard Banknote cites ‘unusual transactions’ as operational income slashes in Q3

Pollard Banknote has published its financial report for Q3 of FY2021, revealing a drop in key performance metrics as the company noted ‘ongoing investments’.The...
Zeal Network has published its financial information for the first nine months of 2021, reporting that it continues to grow in revenue, profitability and in customer registrations despite much weaker jackpots throughout 2021

Zeal Network continues growth despite ‘weak’ market environment

Zeal Network has published its financial information for the first nine months of 2021, reporting that it continues to grow in revenue, profitability and...
The digital einstants game provider Instant Win Gaming (IWG) has signed a deal with the Lotteries Entertainment Innovation Alliance (LEIA) to provide einstant games for five of its member lotteries

IWG wins einstants deal with five LEIA European lotteries

The digital einstants game provider Instant Win Gaming (IWG) has signed a deal with the Lotteries Entertainment Innovation Alliance (LEIA) to provide einstant games...
The Mississippi Lottery Corporation has announced sales of its tickets have surpassed $1bn, less than two years since the first ticket was sold

Mississippi Lottery Corporation surpasses $1bn in ticket sales

The Mississippi Lottery Corporation has announced sales of its tickets have surpassed $1bn, less than two years since the first ticket was sold. It means...
The mobile lottery app Jackpocket has raised $120m in Series D funding to continue its growth strategy.

Jackpocket raises $120m to continue ‘unprecedented’ growth

The mobile lottery app Jackpocket has raised $120m in Series D funding to continue its growth strategy.Led by the consumer-internet-focused Left Lane Capital, the...
Scientific Games has published its financial results for Q3 of FY2021, revealing its strong business performance following the sale of its lottery business and growth of its gaming operations

Scientific Games’ lottery sale leads to ‘exciting’ path after strong Q3 results

Scientific Games has published its financial results for Q3 of FY2021, revealing its strong business performance following the sale of its lottery business and...
International Gaming Technology (IGT) has published its financial results for Q3 of FY2021, revealing total consolidated revenue growth of 21% as a result of ‘broad-based’ momentum across its business operations

IGT cites ‘sustained lottery demand’ amid 21% revenue growth in Q3

International Gaming Technology (IGT) has published its financial results for Q3 of FY2021, revealing total consolidated revenue growth of 21% as a result of...
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