4 Sep

Brewer Fuller warns over tough trading

first_img Share Brewer Fuller warns over tough trading Friday 19 November 2010 3:40 am John Dunne whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsappcenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Show Comments ▼ Brewer and pub operator Fuller, Smith & Turner has warned that the difficult economic climate could hit trading for a “considerable” time – but still reported a profit rise.Fuller’s half-year profit rose 11 per cent to £15.7m. But the planned VAT rise and government spending cuts continued to overshadow the market, the company said.Total beer sales rose one per cent, with Fuller’s premium brand, London Pride, increasing its market share.Revenues for the half-year rose four per cent to £121.5m. Tags: NULLlast_img read more

24 Aug

Esports Entertainment expands igaming business with Lucky Dino deal

first_img Regions: Southern Europe Malta As well as building up its real-money gaming arm, Esports Entertainment has also acquired significant land-based and online tournament infrastructure, most notably through a $43m deal for acquire B2B software business ggCircuit and esports centre operator Helix eSports.  Esports Entertainment expands igaming business with Lucky Dino deal Subscribe to the iGaming newsletter Esports Entertainment Group has announced its second igaming acquisition of the year, with a $30m (£22.2m/€24.6m) deal for Malta-licensed operator Lucky Dino Gaming. “Over the past five years, Lucky Dino has evolved from a single brand white-label casino operator into a multi-brand, class-leading casino operator and technology business,” Esports Entertainment Group chief executive Grant Johnson said.  The business’ tech stack incorporates affiliate marketing software, payment servers and a customer relationship management (CRM) system including a gamification and loyalty engine and automated player management functionality. “Lucky Dino has generated an impressive track record of growth, reporting an 86% compound annual growth rate on revenue for the five years ended June 30, 2020,” Johnson added.  Topics: Casino & games Esports Strategy Online casino M&A The $30m fee is to be financed through a debt facility produced by Esports Entertainment. Boutique investment and M&A brokerage RB Capital served as the sell-side advisors for the transaction. The operator runs four brands under its Malta licence – Lucky Dino, Olaspill, Kalevala Kasino and Casino Jefe – which are powered by proprietary technology.  “In addition to further strengthening our tech stack, Lucky Dino’s assets will give us a substantial foothold in multiple new jurisdictions across Europe and Scandinavia where esports are extremely popular, and with Lucky Dino’s 30,000 monthly active casino players we will have tremendous cross-selling opportunities with our SportNation and Vie.gg betting platforms.” Tags: Esports Entertainment Group Lucky Dino Gaming Lucky Dino generated revenue of $21m in its 2020 fiscal year, and earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.8m. Revenue for FY2021 is expected to rise to $24m, and EBITDA to $5m, before growing to $29m and $6.5m respectively in FY2022.  Independent capital markets advisor Akur Capital, meanwhile, was hired to serve as the business’ exclusive advisor on further igaming M&A that same month. M&A It also acquired peer-to-peer technology assets from Flip Gaming in September, expects to finalise a deal for tournament organiser and technology provider Esports Gaming League (EGL) in January next year. It is Esports Entertainment’s second major igaming acquisition of the year, following the closing of a deal for Sportnation operator Argyll Entertainment in July.  “With opportunities to realise synergies across shared back-office functions, payment processing and more, we are in a great position to build upon Lucky Dino’s notable EBITDA performance. Ultimately, we will look to bring this exciting online casino platform to the US in the future alongside our vie.gg esports offering.” The EGL technology, meanwhile, will be used to power tournaments for National Football League franchise the Philadelphia Eagles, through a deal announced yesterday (15 December) 16th December 2020 | By Robin Harrison AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Addresslast_img read more