Social Casino Tracker: 4Q16 & CY16 Recap
|
|
- Hilda McDaniel
- 6 years ago
- Views:
Transcription
1 Digital & Interactive Gaming Market Research March 13, 2017 Adam Krejcik, Social Casino Tracker: & CY16 Recap In January, we published the installment of our Social Casino Tracker, a quarterly report that is meant to serve as a useful tool in determining the market size, revenue estimates, and market share for the major social casino game publishers (to view the report please click here). Now that five of the largest social casino game companies have reported earnings (i.e. IGT, Zynga, Churchill Downs, SciGames, and DoubleU Games), we take a look back to see how our estimates compared to actual reported results, as well as key themes and takeaways from this past quarter. Overview: following results from some of the major publicly traded social casino game publishers as well as select data from some private companies, we are making only minor revisions to our market sizing estimate. Specifically, we believe the global social casino game market grew +10.3% y/y in, reaching $978 million (versus our preliminary estimate of $976 million) driven by +20% y/y growth in mobile revenues, partially offset by a -9% y/y decline in Facebook/web revenues. Company performance: overall, it was a mixed quarter with strong results from: SciGames Interactive, Product Madness, PlayStudios, Murka, and Huuuge Games. It was a challenging quarter from a revenue perspective for: DoubleDown, Big Fish, and Super Lucky. M&A: there were no major M&A announcements in the social casino space. That being said, we continue to believe there remains robust demand for social casino assets from various. Moreover, we note SciGames has previously announced plans to spin-off its Interactive division as separate standalone company and we would not be surprised to see IGT look at various strategic ways to unlock value from DoubleDown. Methodology: We believe our tracking is unique as we extrapolate from public data and integrate it with our own proprietary estimates and third party analytics data. All revenue figures detailed in this report are on a gross basis i.e. before platform fees. Disclaimer & Terms & Conditions of Use: Eilers & Krejcik Gaming, LLC is an independent research firm and is neither a registered broker dealer nor a registered investment advisor. No information contained in this report shall constitute as a recommendation or solicitation to buy or sell a security. Individuals receiving this report should consult with an investment advisor or registered representative before making an investment decision related to any information contained in this report. In addition, Eilers & Krejcik Gaming, LLC either does, or may seek to do business with any company mentioned in this report. This report was prepared for and distributed to clients of Eilers & Krejcik Gaming, LLC. If you are not the intended recipient and/or received this report in error, please delete this document and notify Eilers & Krejcik Gaming, LLC at teilers@ekgamingllc.com, or call This report is also protected by federal copyright law. Any unauthorized review, dissemination, or copying of this communication is strictly prohibited. By accessing, reading, storing, distributing and archiving this research report, you hereby agree, fully, and without dispute, to all terms and conditions outlined above.
2 Social Casino Gaming Recap Based on reported figures and our final revisions, we estimate the social casino game market increased +3.3% q/q, and was up +10.3% y/y to $978 million in. This was slightly above our preliminary estimate of $976 million. Growth was driven by mobile: we estimate social casino game revenues on mobile grew +5% q/q and +20% y/y reaching $716 million, while social casino game revenues generated on Facebook/web were down -1% q/q and -9% y/y to $262 million. In the table below, we highlight the Top 15 social casino game publishers by gross revenues. We estimate the Top 15 publishers accounted for roughly 83% of the total social casino games market this qtr. Moreover, social casino revenues generated on mobile accounted for 73% of the total market this quarter vs. 67% in the prior year period. $300 Social Casino Revenues by Company - ($ in M) $250 $200 $150 $100 $50 $0 Facebook / Web Mobile Source: Company reports, Facebook, Sensor Tower, App Annie, Eilers & Krejcik Gaming, LLC Social Casino Gaming: Top-15 Publishers in ($ in Millions) Final Rank Company Key Titles Facebook / Web Mobile Total % chg q/q % chg. y/y Mrkt Share 1 Slotomania, House of Fun, Bingo Blitz, WSOP, CZR Casino $91.0 $157.1 $ % 24.8% 25.4% 2 Scientific Games Jackpot Party Casino, Gold Fish Casino, Quick Hits, Hot Shots $24.5 $57.1 $ % 57.2% 8.3% 3 Zynga Zynga Poker, Hit it Rich!, Wizard of Oz Slots, Black Diamond $18.0 $61.4 $ % 7.0% 8.1% 4 Aristocrat Heart of Vegas, FaFaFa - Real Casino Slots, Hollywood Spins $16.0 $46.5 $ % 46.0% 6.4% 5 IGT DoubleDown Casino $25.9 $35.8 $ % -26.2% 6.3% 6 Sony/GSN Bingo Bash, GSN Casino, Fresh Deck Poker, Mirrorball $14.0 $32.2 $ % -8.5% 4.7% 7 Churchill Downs Big Fish Casino, Big Fish Bingo, Slots - Vegas Party $2.4 $42.0 $ % -7.7% 4.5% 8 DoubleU Games DoubleU Casino, DoubleU Bingo $16.7 $ % 15.0% 3.8% 9 Playstudios myvegas - Slots, Konami Slots, POP Slots $4.5 $27.5 $ % 15.9% 3.3% 10 Tencent Fight the Landlord (Chinese Poker), Tencent Poker $0.0 $30.0 $ % 0.0% 3.1% 11 Murka Scatter Slots, Infinity Slots, TX Poker $2.5 $19.6 $ % 118.8% 2.3% 12 Boyaa Texas Hold'Em Series, Fight the Landlord $7.0 $15.0 $ % -13.6% 2.2% 13 Huuuge Games Huuuge Casino $0.0 $18.9 $ % 894.7% 1.9% 14 Super Lucky Hot Vegas, Doubleup Slots, Slots Favorites, Bingo Heaven $0.0 $14.0 $ % 75.2% 1.4% 15 Penn Interactive Viva Slots Las Vegas, Downtown Deluxe, Hollywood Casino $0.5 $12.8 $ % 41.5% 1.4% Top-15 $223.0 $589.9 $ % 17.2% 83.1% Other $39.2 $125.7 $ % -14.5% 16.9% Total Gross Revenue $262.2 $715.6 $ % 10.3% 100.0% Source: Company reports, Facebook, Sensor Tower, App Annie, Eilers & Krejcik Gaming, LLC 2017 Eilers & Krejcik Gaming, LLC Page 2 of 9
3 $1,000 Social Casino Revenues by Company - CY16 $900 $800 $700 $600 $500 $400 $300 $200 $100 $0 Facebook / Web Mobile Source: Company reports, Facebook, Sensor Tower, App Annie, Eilers & Krejcik Gaming, LLC Top 15 Social Casino Game Publishers CY16 () - FINAL Rank Company Key Titles Facebook / Web Mobile Total % chg. y/y Mrkt Share 1 Slotomania, House of Fun, Bingo Blitz, WSOP, CZR Casino $351.1 $595.7 $ % 24.9% 2 Zynga Zynga Poker, Hit it Rich!, Wizard of Oz Slots, Black Diamond $83.3 $235.5 $ % 8.4% 3 Scientific Games Jackpot Party Casino, Gold Fish Casino, Quick Hits, Hot Shots $98.2 $200.2 $ % 7.8% 4 IGT DoubleDown Casino $125.0 $155.1 $ % 7.4% 5 Aristocrat Heart of Vegas, FaFaFa - Real Casino Slots, Hollywood Spins $64.5 $160.1 $ % 5.9% 6 Sony/GSN Bingo Bash, GSN Casino, Fresh Deck Poker, Mirrorball $57.0 $127.9 $ % 4.9% 7 Churchill Downs Big Fish Casino, Big Fish Bingo, Slots - Vegas Party $10.1 $172.2 $ % 4.8% 8 DoubleU Games DoubleU Casino, DoubleU Bingo $62.1 $73.0 $ % 3.5% 9 Playstudios myvegas - Slots, Konami Slots, myvegas - Blackjack $21.5 $100.9 $ % 3.2% 10 Tencent Fight the Landlord (Chinese Poker), Tencent Poker $0.0 $122.0 $ % 3.2% 11 Boyaa Texas Hold'Em Series, Fight the Landlord $34.0 $58.5 $ % 2.4% 12 Murka Scatter Slots, Infinity Slots, TX Poker $9.0 $67.4 $ % 2.0% 13 Super Lucky Hot Vegas, Doubleup Slots, Slots Favorites, Bingo Heaven $0.0 $54.5 $ % 1.4% 14 Penn Interactive Viva Slots Las Vegas, Downtown Deluxe, Hollywood Casino $2.2 $48.5 $ % 1.3% 15 Novomatic Pharaoh's Way, Pahroah's Fire, GameTwist Slots $0.0 $48.4 $ % 1.3% Top-15 $918.0 $2,219.9 $3, % 82.4% Other $175.5 $496.6 $ % 17.6% Total Gross Revenue $1,093.5 $2,716.5 $3, % 100.0% Source: Company reports, Facebook, Sensor Tower, App Annie, Eilers & Krejcik Gaming, LLC 2017 Eilers & Krejcik Gaming, LLC Page 3 of 9
4 Adj. EBITDA ($ in M) Adj. EBITDA Margin Comparing Actual Results vs. Estimates Actual vs. Estimates: every quarter we compare actual results from publicly traded social casino game companies versus our preliminary estimates. Revenues are reported below are on a gross basis. We note this is the first quarter where no longer highlight s actual performance since it is now owned by privately held, Shanghai Giant Technologies. $90.0 Social Casino Gross Revenue: Actual vs. Estimate $70.0 $40.0 $30.0 $10.0 $- Big Fish Casino (Churchill SciGames Interactive Zynga (social casino only) DoubleDown (IGT) Downs) DoubleU Games Q Actual $81.6 $79.4 $61.7 $44.4 $36.7 Q4 Estimate $82.0 $79.0 $60.8 $42.5 $35.5 * estimate based on fiscal 2H16 reported results Social Casino Game Companies Q4 Adjusted EBITDA and Margins $18.0 $16.0 $14.0 $12.0 $10.0 $8.0 $6.0 $4.0 $2.0 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% $- SciGames Interactive DoubleU Games DoubleDown (IGT) Zynga (social casino only) Big Fish Casino (Churchill Downs) 0% Q adj. EBITDA EBITDA margin 2017 Eilers & Krejcik Gaming, LLC Page 4 of 9
5 Huuuge Games Murka 75.2% 57.2% 46.0% 41.5% Super Lucky Scientific Games Aristocrat Penn Interactive Playstudios DoubleU Games Industry Avg. Zynga Tencent Churchill Downs Sony/GSN Boyaa IGT % Social Casino Company Y/Y Growth Rates % 800.0% 600.0% 400.0% 200.0% 118.8% 24.8% 15.9% 15.0% 10.3% 7.0% 0.0% 0.0% -7.7% -8.5% -13.6% -26.2% % $100.0 Social Casino Revenue Trends Based off of Publicly Reported Figures () $90.0 $70.0 $40.0 $30.0 $10.0 $- SciGames Interactive Zynga (Social Casino only) Big Fish Casino Aristocrat (Product Madness) 2017 Eilers & Krejcik Gaming, LLC Page 5 of 9
6 Public company highlights: SciGames Interactive Social gaming revenues of $81.6 million compared to our Social Casino Tracker estimate of $82 million. Growth in Q4 was largely driven by Jackpot Party Casino, Gold Fish Casino, and Hot Shots, while Quick Hits was the only under performer. Social Gaming (B2C) KPIs in : MAUs = 7.7 million (-5% y/y), DAUs = 2.5 million (+4% y/y) and ARPDAU $0.34 (+55% y/y). SciGames Interactive generated adj. EBITDA of $19.7 million in vs. $13.5 million in and $13.6 million in ; margins declined -90bps y/y, but were up +550bps sequentially to 21.5%. The y/y decline was largely due to increased UA spend & R&D expenses associated with new social casino games. We est. S&M expenses were up +71% y/y and accounted for 34% of interactive revenues. SciGames Interactive generated adj. EBITDA of $67 million in CY16. Zynga (social casino only) Social casino bookings (Poker + Slots) increased +5% q/q or +7% y/y in, which was largely driven by Zynga Poker (mobile bookings were up +29% q/q). The Slots category was relatively disappointing, with mobile bookings declining -4% q/q, which we believe was due to cannibalization issues between Wizard of Oz Slots and recently launched Willy Wonka Slots. We believe the social casino division on a standalone basis is profitable with EBITDA margins around 10-20% range versus 5% consolidated EBITDA margin for Zynga in. IGT (DoubleDown) Social gaming revenues of $61.7 million compared to our Social Casino Tracker estimate of $60.8 million. The upside relative to our estimate was due to slightly better than expected mobile revenues. Nonetheless, DoubleDown was once again a clear market share loser this quarter. Key growth initiatives going forward include: launch of new standalone stepper app in 2Q17 (bringing more of its original land-based content online), platform upgrades, and a new DoubleDown loyalty program (launched in ). Social Gaming KPIs in : MAUs = 3.37 million (-24% y/y), DAUs = 1.41 million (-26% y/y) and ARPDAU $0.48 (+2% y/y). We estimate IGT s interactive business (Social + RMG) generated EBITDA of $20.9 million in vs. $30.1 million in or -31% y/y decline; we est. margins declined by -380bps y/y to 26.9% largely due to the decline in revenues at DoubleDown. Churchill Downs (Big Fish Casino) Social casino bookings were down -8% y/y in, due to a -9% y/y decline in average bookings per paying user, which was partially offset by a +1% y/y increase in average paying users. The increase in new paying users was largely driven by the launch of new slot apps (e.g. Jackpot City Slots), but these users are also currently monetizing at a lower rate versus Big Fish Casino. Casino bookings have been slowly declining for the past 12-months; however, management has stated that it s renewing its focus on this sector. We est. the casino category is likely generating 20-25% EBITDA margins. DoubleU Games - In, generated total social casino gross revenues of $36.7 million or +15% y/y. DoubleU Casino accounted for 90% of its revenues, DoubleU Bingo accounted 4% and Take 5 Slots accounted for remaining 6%. Social Gaming KPIs in (for DoubleU Casino only): DAUs (web) = 242k (-15% y/y) and ARPDAU (web) $0.62 (+7% y/y); DAUs (mobile) = 673k (+2% y/y), and ARPDAU (mobile) = $0.32 (+23% y/y). DoubleU Games generated adj. operating income of $17.2 million in, which was up +78% y/y; operating margins improved 1650bps y/y to 46.8%, and were up from 32.4% last qtr. The y/y improvement in margins was largely due to increased revenues combined with lower OpEx; notably, R&D + G&A costs declined -22% y/y, while marketing costs declined an astounding -58% y/y and accounted for just 9% of gross revenues in the period Eilers & Krejcik Gaming, LLC Page 6 of 9
7 $ in 000s % chg. y/y 1Q11 2Q11 3Q11 4Q11 1Q11 2Q11 3Q11 4Q11 $ in 000s 1Q11 2Q11 3Q11 4Q11 1Q11 2Q11 3Q11 4Q11 Select KPIs In the charts below, we highlight key performance indicators for four publicly traded companies. 50,000,000 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 - MAU Trends 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 - DAU Trends Zynga (social casino only) Zynga (social casino only) DoubleU Games $0.60 ARPDAU Trends $300,000 Revenue Trends ($ in 000s) $0.50 $250,000 $0.40 $200,000 $0.30 $150,000 $0.20 $100,000 $0.10 $50,000 $0.00 $0 Zynga (social casino only) DoubleU Games SciGames Interactive Aristocrat/Product Madness Zynga (social casino only) Churchill Downs/Big Fish Casino $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Trailing 12-Month Revenue Trends ($ in 000s) 250% 200% 150% 100% 50% 0% -50% Change in Trailing 12-Month Revenue (%) Zynga (social casino only) Zynga (social casino only) 2017 Eilers & Krejcik Gaming, LLC Page 7 of 9
8 Social Casino Tracker Accuracy Below we highlight our estimates versus actual reported results for the major publicly traded companies that disclose financial results. The variance between our estimates and actual reported revenues has typically been within plus or minus 5%. $260.0 Revenues vs. EK Gaming Social Casino Tracker Est's $90.0 DoubleDown Revenues vs. EK Gaming Social Casino Tracker Est's $240.0 $85.0 $220.0 $200.0 $75.0 $180.0 $70.0 $160.0 $65.0 $140.0 $120.0 $100.0 $55.0 Actual $70.7 $74.7 $90.7 $115.7 $134.4 $151.3 $147.7 $167.6 $175.4 $183.5 $198.8 $218.2 $237.4 $243.1 EKG Estimate $81.3 $71.1 $88.5 $105.0 $140.4 $146.5 $167.3 $161.8 $174.8 $181.5 $192.7 $213.0 $236.5 $236.4 $248.1 $45.0 Actual $61.4 $61.4 $64.8 $68.8 $71.8 $75.1 $79.4 $80.6 $73.0 $79.8 $83.6 $80.2 $72.4 $65.8 $61.7 EKG Estimate $63.1 $64.4 $65.1 $65.9 $72.8 $76.1 $82.7 $86.7 $81.5 $77.6 $82.2 $86.8 $73.3 $63.4 $60.8 Actual EKG Estimate Actual EKG Estimate $95.0 Zynga Casino Rev's vs. EK Gaming Social Casino Tracker Est's $95.0 SciGames Interactive Rev's vs. EK Gaming Social Casino Tracker $90.0 $85.0 $85.0 $75.0 $75.0 $65.0 $70.0 $55.0 $65.0 $45.0 $35.0 $55.0 $25.0 $45.0 Actual $58.5 $47.3 $46.6 $47.7 $53.7 $60.3 $63.1 $71.8 $83.6 $78.1 $74.2 $81.9 $81.6 $75.7 $79.4 EKG Estimate $70.9 $54.5 $54.1 $51.9 $58.1 $62.4 $66.0 $79.0 $82.9 $88.0 $76.3 $84.8 $78.8 $79.0 Actual EKG Estimate $15.0 Actual $22.0 $28.3 $28.7 $27.3 $28.0 $33.9 $37.6 $40.9 $44.5 $42.7 $51.9 $64.8 $74.9 $77.1 $81.6 EKG Estimate $26.4 $23.4 $32.0 $29.8 $30.5 $32.5 $36.9 $38.0 $43.7 $44.5 $50.7 $60.2 $73.5 $79.4 $82.0 Actual EKG Estimate $55.0 Big Fish Casino Rev's vs. EK Gaming Social Casino Tracker Est's $40.0 DoubleU Games Rev's vs. EK Gaming Social Casino Tracker Est's $35.0 $45.0 $30.0 $40.0 $25.0 $35.0 $30.0 $25.0 $15.0 $10.0 $15.0 Actual $17.9 $20.5 $24.2 $29.5 $36.8 $43.9 $46.9 $49.3 $48.3 $47.4 $48.1 $47.4 $46.3 $44.2 $44.4 EKG Estimate $23.0 $25.0 $30.2 $34.5 $40.8 $48.9 $51.9 $51.5 $51.3 $47.0 $47.0 $47.8 $44.9 $44.5 $42.5 $5.0 Actual $8.9 $9.7 $12.7 $12.4 $14.0 $16.0 $18.5 $23.5 $27.7 $28.9 $32.0 $32.1 $32.5 $33.9 $36.7 EKG Estimate $8.1 $8.3 $11.1 $11.9 $16.0 $16.9 $18.2 $26.1 $28.3 $24.0 $26.0 $28.5 $28.7 $34.1 $35.5 Actual EKG Estimate Actual EKG Estimate 2017 Eilers & Krejcik Gaming, LLC Page 8 of 9
9 --- this page was intentionally left blank --- Disclaimer & Terms & Conditions of Use: Eilers & Krejcik Gaming, LLC is an independent research firm and is neither a registered broker dealer nor a registered investment advisor. No information contained in this report shall constitute as a recommendation or solicitation to buy or sell a security. Individuals receiving this report should consult with an investment advisor or registered representative before making an investment decision related to any information contained in this report. In addition, Eilers & Krejcik Gaming, LLC either does, or may seek to do business with any company mentioned in this report. This report was prepared for and distributed to clients of Eilers & Krejcik Gaming, LLC. If you are not the intended recipient and/or received this report in error, please delete this document and notify Eilers & Krejcik Gaming, LLC at teilers@ekgamingllc.com, or call This report is also protected by federal copyright law. Any unauthorized review, dissemination, or copying of this communication is strictly prohibited. By accessing, reading, storing, distributing and archiving this research report, you hereby agree, fully, and without dispute, to all terms and conditions outlined above Eilers & Krejcik Gaming, LLC Page 9 of 9
Daily Fantasy Sports Industry Update 2016
Daily Fantasy Sports Industry Update 2016 Adam Krejcik, Principal, Eilers & Krejcik Gaming, LLC Chris Grove, Senior Consultant, Eilers & Krejcik Gaming, LLC February 22nd, 2016 This presentation has been
More informationOctober 2, 2018 Todd Eilers Principal Phil Bernard Vice President
EILERS: KPI 2Q18 MARKET RESEARCH October 2, 218 Todd Eilers Principal teilers@ekgamingllc.com 714.619.933 Phil Bernard Vice President pbernard@ekgamingllc.com 714.619.933 In this report, we analyze several
More informationLIQUID AND GRIT. Social Casino Product Report. Competitive research and actionable product recommendations
LIQUID AND GRIT Social Casino Product Report Competitive research and actionable product recommendations TABLE OF CONTENTS NEW INNOVATIONS 4 Partner Power-Ups Cashman Rewards Vegas Words Quick Hits LIVE
More informationZYNGA Q QUARTERLY EARNINGS LETTER. August 4, Dear Shareholders,
ZYNGA Q2 2016 QUARTERLY EARNINGS LETTER August 4, 2016 Dear Shareholders, We look forward to discussing our Q2 results during today s earnings call at 2:00 p.m. PT. Below, you ll find our quarterly letter
More informationSeptember 28, 2015 GameAccount Network
September 28, 2015 Disclaimer Certain statements included in this Presentation contain forward-looking information concerning GameAccount Network's strategy, operations, financial performance or condition,
More informationAristocrat Limited Acquisition of Big Fish. 30 November 2017
Aristocrat Limited Acquisition of Big Fish 30 November 2017 Disclaimer This document and any oral presentation accompanying it has been prepared in good faith, however, no express or implied warranty is
More informationMobile Product Trends: New Social Casino Apps
Adam Krejcik, Principal, Eilers & Krejcik Gaming, LLC Robin Littleworth, Product Consultant, Eilers & Krejcik Gaming, LLC September 27, 2018 This presentation has been prepared exclusively for clients
More information777 blazing slots online free
P ford residence southampton, ny 777 blazing slots online free Buy POPEYE Slots TM Free Slots Games - Classic Cartoon Las Vegas Casino Slots with 777 Progressive Jackpots - Lucky Old Downtown Vegas Slots.
More informationApril, 2014 GameAccount Network
April, 2014 Disclaimer Certain statements included in this Presentation contain forward-looking information concerning GameAccount Network's strategy, operations, financial performance or condition, outlook,
More informationOur operating strategy is to (1) grow our live mobile franchises, (2) develop new franchises and (3) leverage data analytics to accelerate growth.
ZYNGA Q3 2015 QUARTERLY EARNINGS LETTER November 3, 2015 To our Shareholders and Employees, Below is our Q3 2015 Quarterly Earnings Letter, which provides an update on our progress across our products,
More information4Q February 2012
4Q 2011 28 February 2012 2 Disclaimer forward looking statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical
More informationEILERS-FANTINI Central Game Performance Database (GPD)
EILERS-FANTINI Central Game Performance Database (GPD) Monthly Report for February 2018 Todd Eilers, Principal, Eilers & Krejcik Gaming, LLC Rick Eckert, Director of Analytics, Eilers & Krejcik Gaming,
More informationBringing More to the Table
Bringing More to the Table TM During this presentation and the Q&A session, we may be making forward-looking statements that reflect certain risks and uncertainties associated with Shuffle Master s business.
More informationResults Presentation 2017 Second Quarter and Interim Results. 30 Aug, 2017
Results Presentation 2017 Second Quarter and Interim Results 30 Aug, 2017 Disclaimer This presentation is prepared by NetDragon Websoft Holdings Limited (the Company ) solely for information purposes and
More informationCasino slots machine free games
P ford residence southampton, ny Casino slots machine free games Best free gaming machines! Looking for the best collection of gaming machines? Congratulations to you then because you hit the jackpot!
More informationThird Quarter 2017 Results. November 2, 2017
Third Quarter 207 Results November 2, 207 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained herein that are not historical facts are forward-looking
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 11, 2016 Gross Returns $1B+ Carry Paying Funds Q4 and 2015 Performance Market Indices Private Equity Real Assets Alternative
More informationFirst Quarter 2017 Results. May 4, 2017
First Quarter 207 Results May 4, 207 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained herein that are not historical facts are forward-looking statements,
More informationExEcutivE insights traditional media Dan Schechter Brad Finkbeiner
Volume XIII, Issue 15 Generating Growth in the Media Industry: Lessons from the Best Social and Casual Games Companies In the series, Generating Growth in the Media Industry, L.E.K. Consulting will take
More informationKKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform. December 2017
KKR and FS Investments Form Strategic BDC Partnership Creates the Leading $18BN Alternative Lending Platform December 2017 Strategic BDC Partnership Introduction On December 11, 2017, KKR and FS Investments
More information2 nd Quarter Earnings Conference Call
2 nd Quarter Earnings Conference Call KKR & Co. Inc. Investor Update July 26, 2018 Recent Milestones K-1 $ Converted to a Corporation on July 1, 2018 Investor Day held on July 9, 2018 2 Key Metrics Assets
More informationSecond Quarter CY 2012 Results. August 2, 2012
Second Quarter CY 2012 Results August 2, 2012 1 Safe Harbor Disclosure Please review our SEC filings on Form 10-K and Form 10-Q The statements contained in this presentation that are not historical facts
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 8, 2018 4Q17 Reflections Fundamentals Are Strong (Dollars in millions, except per unit amounts and unless otherwise stated)
More information2017 Third Quarter Results Presentation. November 15, 2017
2017 Third Quarter Results Presentation November 15, 2017 Cautionary note This presentation may contain forward-looking statements relating to the forecasts, targets, outlook, estimates of financial performance,
More informationThe student will explain and evaluate the financial impact and consequences of gambling.
What Are the Odds? Standard 12 The student will explain and evaluate the financial impact and consequences of gambling. Lesson Objectives Recognize gambling as a form of risk. Calculate the probabilities
More informationVegas world free slots no reg no download
WAP Vegas world free slots no reg no download vegas world slots free download - Vegas World - Free Slots, Vegas World Free Slots, Vegas World Classic Slots, and many more programs. Free slot games may
More informationCapcom Co., Ltd. Tokyo and Osaka Exchanges, First Section, rd Quarter Report Fiscal year ending March 31, 2010
Capcom Co., Ltd. Tokyo and Osaka Exchanges, First Section, 9697 3rd Quarter Report Fiscal year ending March 31, 2010 Precautions Concerning Forward-looking Statements Strategies, plans, outlooks and other
More informationZYNGA Q QUARTERLY EARNINGS LETTER. August 6, To our Shareholders and Employees,
ZYNGA Q2 2015 QUARTERLY EARNINGS LETTER August 6, 2015 To our Shareholders and Employees, This quarter we re sharing our financial results in a Q2 2015 Quarterly Earnings Letter in addition to our press
More informationCasino gaming DApp we can enjoy online
Casino gaming DApp we can enjoy online CONTENTS 01. Introduction 02. Market Analysis 03. Problems with Online Gambling 2.1 Market size of online gambling 2.2 Market size of social casino 2.3 Competitive
More informationDisclaimer forward looking statements
1Q 2011 25 May 2011 Disclaimer forward looking statements This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical
More informationOverview Business Review Financials Q&A
1 Cautionary note This presentation may contain forward-looking statements relating to the forecasts, targets, outlook, estimates of financial performance, opportunities, challenges, business developments,
More informationNJ Division of Gaming Enforcement ATLANTIC CITY JACKPOTS
Page 1 of 8 Summary Last 30 Days January 1, 2018-to-Date Jackpots 22 Jackpots 145 Total $2,812,281.58 Total $13,516,064.61 $1,000,000.00 And Over = 0 06/11/2018 06/08/2018 06/08/2018 06/07/2018 06/07/2018
More informationAristocrat Leisure Limited Acquisition of Plarium Global Limited Supporting information. August 2017
Aristocrat Leisure Limited Acquisition of Plarium Global Limited Supporting information August 2017 Disclaimer This document and any oral presentation accompanying it has been prepared in good faith, however,
More informationCAESARS ACQUISITION CO
CAESARS ACQUISITION CO FORM 8-K (Current report filing) Filed 02/13/14 for the Period Ending 02/13/14 Address ONE CAESARS PALACE DRIVE LAS VEGAS, NV 89109 Telephone 7024076000 CIK 0001575879 Symbol CACQ
More informationford residence southampton, ny Free slots for fun
P ford residence southampton, ny Free slots for fun Now you can Download this Slot Machine to your desktop, no installation required. All the free slot games on freeslots4u.com listed on this one page
More informationFree 777 slots machines to play
P ford residence southampton, ny Free 777 slots machines to play Wanna play free 777 slots online? List of 88+ 777 -style Slot Machine Games! Instant Play! No registration or download! Only 777 Slots Online!
More informationCleopatra keno games for free
Cleopatra keno games for free The Borg System is 100 % Cleopatra keno games for free Mar 16, 2014. Read reviews, compare customer ratings, see screenshots, and learn more about Keno Bonus Play. Download
More informationKKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018
KKR & Co. Inc. Goldman Sachs U.S. Financial Services Conference December 4, 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn
More informationWhat s Hot? The M&A and Funding Landscape for Embedded Vision Companies
What s Hot? The M&A and Funding Landscape for Embedded Vision Companies Dr. Rudolph Burger May 2018 Copyright 2018 Woodside Capital Partners 1 Questions Addressed 1. How have we segmented the embedded
More informationCapcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2018
Capcom Co., Ltd. (Tokyo Stock Exchange, First Section, 9697) 3rd Quarter Report Fiscal year ending March 31, 2018 0 Forward-looking Statements Strategies, plans, outlooks and other statements that are
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. Inc. Investor Update February 1, 2019 Key Metrics Assets Under Management Management Fees ($ in billions) ($ in millions) $195 $1,069 $168 $905 $100 $107
More informationford residence southampton, ny Free on line slots
P ford residence southampton, ny Free on line slots Welcome to the best place to play FREE online slots and video poker. Choose from 30+ totally FREE 3-reel and 5-reel slots. No installation or download
More informationINTRODUCTION MARKET OVERVIEW
CHINESE ONLINE GAMING 216 Essex Street, Salem, MA 01970 (978) 745-9233 (800) 888-MGMT www.ecabot.com info@ecabot.com Nearly 100 million people in China are playing online games. These users spent about
More informationIsrael Venture Capital Investments Report Q3 2017
Israel Venture Capital Investments Report Q3 2017 NOVEMBER 2017 Summary of Israeli Venture Capital Raising Q3/2017 +14% from Q2/2017 Israeli high-tech capital raising summed up to $1.44B @ ALL RIGHTS RESERVED.
More informationCAPITAL MARKETS DAY. March 2019
CAPITAL MARKETS DAY March 2019 COMPANY SNAPSHOT Founded 2007 In Germany 400+ employees in Hamburg >12 years of consecutive growth > 30 language versions 7 Live games 756m hours playtime in 2018 BUSINESS
More informationFor personal use only
1 Agenda Welcome Executive Chairman s Address Chief Executive Officer s Address Annual General Meeting Executive Chairman s Address Presentation by Len Ainsworth 3 Harald Neumann Novomatic AG s CEO and
More informationCapcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) Results of Operations and Strategies First half of fiscal year ending March 31, 2014
Capcom Co., Ltd. (Tokyo Exchanges, First Section, 9697) Results of Operations and Strategies First half of fiscal year ending March 31, 2014 0 Forward-looking Statements Strategies, plans, outlooks and
More informationBlazing 7s free slots no download
P ford residence southampton, ny Blazing 7s free slots no download Classic slots. Some things may be old, but not necessarily completely outdated and worthless. Antiques and retrostyle designs or interiors
More informationFree slots 777 sizzling sevens
Cazino Lounge Dress Code - Iron Man 2 Slots Free Online. Chinese gambling maquinas de slots. Enjoy Slotorama's vast selection of free classic 3 Reel slots huge winnings. Fruit machines. Classic free fruit
More informationford residence southampton, ny Aol games blackjack
P ford residence southampton, ny Aol games blackjack Play the largest selection of free online games at Games on AOL.com! Including puzzle games, card games, casino games, strategy games and many more!
More informationTHE DEVIL S ADVOCATE REPORT
Editorial Content Murray Stahl, Horizon Research Group, 55 Liberty Street, Suite 13C, New York, NY 10005 (212) 233-0100 May 3, 2002 Studies in Absurdity REFLECTIONS ON ELECTRONIC ARTS, INC. AN UPDATE OF
More informationTHIS WEB PROOF INFORMATION PACK IS IN DRAFT FORM.
OVERVIEW We are an online card and board game developer and operator with a leading mobile game business in our largest target markets, namely, China, Hong Kong, Taiwan and Thailand. As at the Latest Practicable
More informationFY2017 Q4 Earnings Presentation (Held on February 8, 2018) Q&A Summary
FY2017 Q4 Earnings Presentation (Held on February 8, 2018) Q&A Summary Q Regarding Dungeon&Fighter in China, particularly what is being well received by users since you conducted content update on February
More informationContent on this page requires a newer version of Adobe Flash Player.
Content on this page requires a newer version of Adobe Flash Player. World Series of Poker promo codes 2018 Texas Holdem WSOP free chips. Use WSOP Poker redeem code cheat codes app and enjoy 9999 free
More informationACTIVISION BLIZZARD ANNOUNCES THIRD-QUARTER 2018 FINANCIAL RESULTS. Better-Than-Expected Q3 Results
ACTIVISION BLIZZARD ANNOUNCES THIRD-QUARTER 2018 FINANCIAL RESULTS Better-Than-Expected Q3 Results Santa Monica, CA November 8, 2018 Activision Blizzard, Inc. (Nasdaq: ATVI) today announced third-quarter
More informationRovio Entertainment Corporation Annual General Meeting April 9, 2019 CEO REVIEW Kati Levoranta
Rovio Entertainment Corporation Annual General Meeting April 9, 2019 CEO REVIEW Kati Levoranta TRANSLATED FROM THE FINNISH ORIGINAL Translated from the Finnish original. Finnish version prevails. Contents
More informationYahoo jackpot party casino slots
P ford residence southampton, ny Yahoo jackpot party casino slots Play one of the best online casino games and get the best casino bonuses only at RichCasino. Play 75+ of the best Vegas casino slot games
More informationNext Games Corporation BUSINESS REVIEW. January March 2017
Q1 Next Games Corporation BUSINESS REVIEW January March 2017 NEXT GAMES CORPORATION BUSINESS REVIEW JANUARY MARCH 2017 Next Games Corporation Business Review Q1 2017 - Successful Listing on Nasdaq Helsinki
More informationThird Quarter 2014 Results
Third Quarter 204 Results November 4, 204 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained in this presentation that are not historical facts are forward-looking
More informationFree slots no download no registration red
Free slots no download no registration red Search Online Casinos Vegas brings you free online slots including Cleopatra, Pompeii, Wolf Run, Davinci Diamonds and many more Vegas favorites: no - download
More informationOhio Instant Scratch-Off Best Games to Play Report Sorted By Rank Valid 03/30/18 to 04/06/18*
Ohio Instant Scratch-Off Best Games to Play Report Sorted By Rank Valid 03/30/18 to 04/06/18* Smart Overall Game Name Game Game Price EST % SOLD Factor Number 21.591 1 $5,000,000 Multiplier 358 $20.00
More informationFourth Quarter 2015 Results. February 11, 2016
Fourth Quarter 05 Results February, 06 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained in this presentation that are not historical facts are forward-looking
More informationM&A Update 1H Proven. Focused. Trusted. Accounts Receivable Management Healthcare IT Revenue Cycle Management
M&A Update 1H 2017 Accounts Receivable Management Healthcare IT Revenue Cycle Management Proven. Focused. Trusted. 301-576-4000 www.greenberg-advisors.com Proven. Focused. Trusted Revenue Cycle Management
More informationIR Presentation. March 2014
IR Presentation March 2014 1 Table of Contents 1. 4Q13 Earnings Summary - Financial Highlights 2. Service & Business Strategy 3. Mobile 4. PC - Developing Quality Contents - Growth Strategy - Expanding
More informationCEE Analytics Midstream. Initiation, Realizations RESEARCH OBJECTIVES
CEE Analytics Midstream Conclusions/Concerns 1. Vicious cycle: MLP s need more DCF (distributable cash flow) to pay unit holders thereby requiring more capital to build or buy additional assets to increase
More informationThey are also home to weekly progressive rake races for both Sit & Go s and cash games that have awarded over millions to its players to date.
Site Review: Website: www.blackchippoker.eu Black Chip Poker brings the prestige of online poker back to the USA! In May of 2012, Black Chip Poker moved onto the Winning Poker Network and has since dramatically
More informationCHINA MOBILE GAME MARKET REPORT 2013
CHINA MOBILE GAME MARKET REPORT 2013 August 2013 4th Report in Niko s 2013 Market Research Subscription on China s Games Industry ABOUT NIKO PARTNERS Our Focus Niko Partners specializes in market research
More informationFSIC FRANCHISE. Frequently asked questions
Frequently asked questions FSIC FRANCHISE 1. What are the details of the announced transaction? FS Investments ( FS ) and KKR Credit ( KKR ) announced an agreement to form a partnership to provide investment
More informationford residence southampton, ny
P ford residence southampton, ny Wheel fortune free casino Free Wheel of Fortune slot game Play on desktop or mobile No download No annoying spam or pop-up ads Play for free or real money. Free instant
More informationHomework 8 (for lectures on 10/14,10/16)
Fall 2014 MTH122 Survey of Calculus and its Applications II Homework 8 (for lectures on 10/14,10/16) Yin Su 2014.10.16 Topics in this homework: Topic 1 Discrete random variables 1. Definition of random
More informationMobile Gaming Benchmarks
2016-2017 Mobile Gaming Benchmarks A global analysis of annual performance benchmarks for the mobile gaming industry Table of Contents WHAT ARE BENCHMARKS? 3 GENRES 4 Genre rankings (2016) 5 Genre rankings
More informationAgenda. Company Overview. 2015Q1 Financial Results. Business Review and Prospects
Disclaimer This presentation and the accompanying slides (the Presentation ) which have been prepared by IGG INC (the Company ) do not constitute any offer or invitation to purchase or subscribe for any
More informationTable of Contents. 1. 4Q13 Earnings Summary - Financial Highlights. 2. Service & Business Strategy. 3. Mobile 4. PC. 5. Appendix
1 Table of Contents 1. 4Q13 Earnings Summary - Financial Highlights 2. Service & Business Strategy 3. Mobile 4. PC - Developing Quality Contents - Growth Strategy - Expanding Development - CGP & Investment
More informationInvestor Presentation. November 2018
Investor Presentation November 2018 KKR Today Private Markets Public Markets Capital Markets Principal Activities $104bn AUM $91bn AUM Global Franchise $19bn of Assets $81bn Private Equity, Growth Equity
More informationNew York Instant Scratch-Off Best Games to Play Report Sorted By Rank Valid 03/30/18 to 04/06/18*
New York Instant Scratch-Off Best Games to Play Report Sorted By Rank Valid 03/30/18 to 04/06/18* Smart Overall Game Name Game Game Price EST % SOLD Factor Number 8.231 1 $500,000 In Grants 1257 $5.00
More informationCasual & Puzzle Games Data Benchmarks North America, Q1 2017
Casual & Puzzle Games Data Benchmarks North America, Q1 2017 Key Findings - Executive Summary The Casual & Puzzle category is the most popular gaming category as far as number of apps in concerned - nearly
More informationSecond Quarter 2015 Results
Second Quarter 205 Results August 4, 205 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained in this presentation that are not historical facts are forward-looking
More informationLIQUID AND GRIT. Puzzle Report. Competitive research and actionable product recommendations
LIQUID AND GRIT Puzzle Report Competitive research and actionable product recommendations TABLE OF CONTENTS NEW INNOVATIONS 4 Drag & Drops Snapchat Lenses Top Level Arenas Augmented Reality Play LIVE OPS
More informationWood Group Investor Briefing Q1 2016
Wood Group Investor Briefing Q1 2016 Our business Wood Group is an international projects, production and specialist technical solutions provider with around $6bn sales and 36,000 employees. We are focused
More informationFirst Quarter 2013 Results May 8, 2013
First Quarter 2013 Results May 8, 2013 Safe Harbor Disclosure Please review our SEC filings on Form 10-K and Form 10-Q The statements contained in this presentation that are not historical facts are forward-looking
More informationWhat is Bet the Flop?
What is Bet the Flop? Bet the Flop is a great new side bet for poker games that have a 3-card FLOP, like Texas Hold em and Omaha. It generates additional poker table revenue for the casino or poker table
More informationThe Business of Video Games Report. About DFC Intelligence s The Business of Video Games Report
About DFC Intelligence s The Business of Video Games report consists of two pdf documents 1) a 140-slide presentation created in Microsoft PowerPoint and 2) a 180-page report created in Microsoft Word.
More informationMathematical Analysis Player s Choice Poker
Mathematical Analysis Player s Choice Poker Prepared for John Feola New Vision Gaming 5 Samuel Phelps Way North Reading, MA 01864 Office 978-664 -1515 Cell 617-852 -7732 Fax 978-664 -5117 www.newvisiongaming.com
More informationMichigan Instant Scratch-Off Best Games to Play Report Sorted By Rank Valid 03/30/18 to 04/06/18*
Michigan Instant Scratch-Off Best Games to Play Report Sorted By Rank Valid 03/30/18 to 04/06/18* Smart Overall Game Name Game Game Price EST % SOLD Factor Number 2.809 1 Lucky 7's 591 $1.00 Games 82.7%
More informationSecond Quarter 2013 Results August 1, 2013
Second Quarter 203 Results August, 203 2 Safe Harbor Disclosure Please review our SEC filings on Form 0-K and Form 0-Q The statements contained in this presentation that are not historical facts are forward-looking
More informationFoxwoods casino online slots
Home Foxwoods casino online slots Who is Hexy What is Hex How to play Hex Who is Vanshel Download Registration Publications Statistics Visits Map Number of visits since 1999 129173 Wheel of Fortune Megatower.
More informationAugust 7, 2014 Heiwa Corporation
August 7, 2014 Heiwa Corporation Contents Overview 3 1 st Quarter Results of FY Ending March 2015 4 Full-year Plan for FY2015 12 < Supplementary Information > Market Environment (Pachinko and Pachislot
More informationGood afternoon. I m Kazuharu Watanabe. I will be presenting an overview of the Company s financial results for 1 3Q FY2019/3.
We would now like to begin the Financial Results Briefing Session of SQUARE ENIX HOLDINGS (the Company ) for the nine month period ended December 31, 2018 ( 1 3Q FY2019/3 ) Today s presenters are: Yosuke
More informationDemo Available October 2016 Closed Beta Begins March 6, 2017
by A massively multi-player, power-up charged, on-line social version of the classic game of Bunco. Demo Available October 2016 Closed Beta Begins March 6, 2017 (C) Copyright 2015-2017 Yapping Moose Entertainment,
More informationDigital Game Development
Digital Game Development In Partnership with The Concept: Replicating the Success of GRAM GAMES Founded Target Markets Investors / Grants Headquarters Employees 7 YR1 Targets Break Even Positive Cash Flow
More informationCHINA S PC ONLINE GAMES MARKET REPORT
CHINA S PC ONLINE GAMES MARKET REPORT MARKET SIZE, 5- YEAR FORECAST, & ANALYSIS April 2013 The 2 nd report in Niko s 2013 market research subscription ABOUT NIKO PARTNERS Our Focus Niko Partners specializes
More information4 th Quarter Earnings Conference Call
4 th Quarter Earnings Conference Call KKR & Co. L.P. Investor Update February 9, 2017 Healthy Level of New Capital Raised Year-Over-Year Capital Inflows Driving Asset Growth ($ in billions) $92 +11% $101
More informationMy konami slots promo codes
P ford residence southampton, ny My konami slots promo codes Collect My Konami Slots Free Chips and you can play as much you want without pay for chips, you must use our My Konami Slots Promo Codes right
More informationPrivate and confidential intended solely for use by the recipient
This presentation contains forward-looking statements that involve risks and uncertainties. All statements other than statements of historical facts are forward-looking. You should not place undue reliance
More informationA Rebirth in the North Sea or simply a False Dawn
The North Sea has seen record levels of investment in 2012 and 2013 Drilling activity is forecast to increase in the coming years Utilization in the Region is the highest it has ever been and there are
More informationBUSINESS PLANNING MADE EASY
BUSINESS PLANNING MADE EASY 3 Easy Steps: WHERE ARE YOU TODAY? WHERE DO YOU WANT TO BE? WHAT CAN YOU DO TO GET THERE? Created by Linda Joseph for Best of Nancy Members Publisher s Disclaimer No part of
More informationfebruary2014 retail product plan NEW GAMEs begin 1/27/14! FEATURING February PLACEMENT GUIDES
february2014 retail product plan FEATURING February PLACEMENT GUIDES NEW GAMEs begin 1/27/14! quick reference guide draw games JACKPOT STARTS AT $ 40M JACKPOT STARTS AT $ 15M JACKPOT STARTS AT $ 7M GAMES
More informationThird Quarter CY 2012 Results
Third Quarter CY 2012 Results November 7, 2012 2012 Activision Blizzard 1 Safe Harbor Disclosure Please review our SEC filings on Form 10-K and Form 10-Q The statements contained in this presentation that
More informationGlobal Social Casino Market: Size, Trends & Forecasts ( ) March 2018
Global Social Casino Market: Size, Trends & Forecasts (2018-2022) March 2018 Global Social Casino Market: Coverage Executive Summary and Scope Introduction/Market Overview Global Market Analysis Regional
More informationTicker: TAPM. An Emerging Mobile Gaming Leader
Ticker: TAPM An Emerging Mobile Gaming Leader FEBRUARY 2016 FORWARD LOOKING STATEMENTS To the extent that statements contained in this presentation are not descriptions of historical facts regarding Tapinator,
More information