Spil med omtanke. Danske Spil koncernen kontrolleres af Spillemyndigheden. Danske Spil Joins GVC's International Bingo Network. GVC Holdings, the global sports betting and gaming group, is pleased to announce that Danske Licens Spil ('DLS'), one of the largest betting and gaming organisations in Europe, has joined its international online bingo network.
Danish gaming operator Danske Spil saw revenue decline 7.8% year-on-year to DKK2.30bn (£281.1m/€309.1m/$365.2m) for the six months to 30 June, though like-for-like profit fell by just 2.9% thanks to a strong period for its lottery division and lower costs. Zodiac casino review.
Hapoel Katamon Jerusalem - Beitar Tel Aviv Ramla Liga Leumit - Israel. Danske Spil has today (1 October) begun the roll-out of new player ID cards, which will effectively shift all land-based sports betting organised by the state-owned operator to account-based play. The new ID card, branded Sikkert Spil – or Safe Play – will have to be shown by all players in the 2,700 retail premises that sell Danske Spil. Danske Spil koncernen kontrolleres af Spillemyndigheden.
The operator's board said the business managed to minimise revenue decline and lower costs for the year to date. This, it said, helped set the business on track to meet its initial earnings targets for the year, surpassing the revised projections announced following its first quarter results.
'Overall, Danske Spil has succeeded in maintaining a satisfactory turnover at its casino and several of our other consumer facing offerings,' the board explained. 'Combined with a reduction in the company's costs – not least the marketing costs – this has meant that Danske Spil is back on track in relation to its [full year] profits.'
Of the operator's revenue, DKK1.30bn came from the Danske Lotteri Spil lottery business, up 5.2% from 2019. The operator noted that a large reason for this was a high number of especially large jackpots from the Eurojackpot lottery.
However, this was offset by a 15.7% decline in revenue from the Danske Licens Spil online gaming division, which brought in DKK894.4m.
Gaming hall and slot manufacturer business Elite Gaming was revenue drop 48.1% to DKK98.1m while the Swush fantasy sports business took in just DKK2.1m, down 48.1%.
'The first half of 2020 has been challenging in every way for Danske Spil,' the board said. 'Covid-19 saw sporting events across the globe cancelled, and thus put a stop to most sports betting and simultaneously the lockdown of Danish society affected all of our customers as well as physical venues and arcades.'
Danske Spil paid DKK230.8m in state gaming taxes, down 23.9% thanks in part to higher dependence on the lottery division, and DKK266.8m in dealer commissions, down 23.7%. Other direct costs from gaming totalled DKK133.7m, down 19.7%.
This resulted in an operating profit of DKK1.67bn, down just 0.3% year-on-year.
The operator brought in DKK17.1m in other income, up 2.4%. However, it paid DKK147.0m in staff costs, down 1.3%, while other external expenses fell 7.4% to DKK333.1m, and depreciation and write-down expenses rose 25.9% to DKK158.7m.
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The vast majority of this profit, at DKK878.9m, came from Danske Lotteri Spil, up 7.0%. Danske Licens Spil's profit declined by 20.9% to DKK181.5m. Elite Gaming made a loss of DKK9.5m, compared to a DKK9.6m profit in the prior year, while Swush lost DKK600,000, after recording a profit of DKK700,000 in 2019.
This resulted in a profit before financial items of DKK1.05bn, down 0.8%.
Danske Spil icncurred finance related costs of DKK29.7m, up 241.3%, for a pre-tax profit of DKK1.02bn, down 2.9%.
After paying taxes of DKK223.8m, Danske Spil posted a net profit of DKK794.4m, also down 2.9% year-on-year. After accounting for discontinued operations – namely game developer CEGO, from which Danske Spil divested last year – in 2019's results, however, Danske Spil's profit was 9.0% below the year prior.
Danske Spil Lotto Vindertal
For the year, Danske Spil now expects gross gaming revenue of around DKK4.5bn to DKK4.7bn and profit to fall between DKK1.3bn and DKK 1.4bn.
06 November
Danske Spil Joins GVC's International Bingo Network
GVC Holdings, the global sports betting and gaming group, is pleased to announce that Danske Licens Spil ('DLS'), one of the largest betting and gaming organisations in Europe, has joined its international online bingo network.
Through the new integration DLS will join GVC's high liquidity bingo network that already includes leading brands Foxy Bingo, Cheeky Bingo, Ladbrokes and Coral. Via GVC's unique proprietary technology platform, DLS bingo players will also gain access to GVC's market-leading portfolio of gaming content which includes premium titles from third-party suppliers as well as exclusive games developed by GVC's in-house development studios, embedded in the bingo game window.
GVC – and previously bwin.party, the business acquired by the Group in 2016 – have supplied online gaming and poker content to the state-owned World Lottery Association (WLA) member DLS since January 2012, when the Danish market first regulated.
Commenting on today's announcement, GVC's Head of B2B, Jussi Halme said: Lucky win casino bonus.
'We are delighted to expand our long-term partnership with DLS and welcome their players to our international bingo network. Combining GVC's technology and global scale with Danske Licens Spil's unparalleled position in Denmark creates a vibrant community with large jackpot prizes for Danish bingo players.'
Søren Schneider, Director of Product Management, Gaming at Danske Licens Spil said:
'Our partnership with GVC has played a key part in retaining our lead in the Danish gaming market since its liberalisation in 2012. Introducing bingo alongside the strongly performing casino and poker cements our strong position in the market and ensures, that our customers have access to the broadest selection of content possible.'
Valentin Micu, GVC's Head of Bingo Product added:
'Our team has developed a bingo product that delivers genuine stand-out in the Danish market and we look forward to helping DLS grow their business long into the future. We have ambitious plans for what, we are confident, is the market-leading bingo platform, leveraging GVC's unique combination of innovative technology with the best talent in the industry.'
ENDS
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About GVC Holdings PLC
GVC Holdings PLC (LSE:GVC) is a FTSE100 company and is one of the world's largest sports-betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports Brands include bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds and Sportingbet; Gaming Brands include CasinoClub, Foxy Bingo, Gala, Gioco Digitale, partypoker and PartyCasino. The Group owns proprietary technology across all of its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis. The Group has also entered into a joint-venture with MGM Resorts to capitalise on the sports-betting and gaming opportunity in the US. The Group is tax resident in the UK with licenses in more than 20 countries, across five continents.
For more information see the Group's website: www.gvc-plc.com
