![]() ![]() That being said, online casinos dominated the money story with over 5x as much in wagers ($11.6B vs $2.B) than sports betting but operator win was much less as a percentage of turnover, as is to be expected, when comparing the amount of money players left on the tables, in the virtual slots, and on the book. Sports bettors were “turned off” by betting ads all over television and other media and the country hasn’t won a Stanley Cup in ice hockey for three decades. Outside and casual observers might also be surprised which sports got the most action with basketball leading hockey by orders of magnitude. ![]() When referring to first quarter numbers, the information relates to (Q1) of the 2023-24 fiscal year which ran from April 1 through June 30, 2023. iGaming Ontario Fiscal Year Began April 1 Those numbers seem to have all but disappeared from the news, being overwhelmed by the sheer reality of what it is in fact, that Canadians like to bet on casino games a lot more than they care to bet on sports. The numbers starkly contrast with some of the projected estimates coming out of the Canadian province before the market opening in early 2022. ![]() More than 80% of the action (83%) and over 70% of the nascent market’s revenues came from casino gaming rather than sports betting. We’ll be unveiling our list for 2023 in the coming months.Ontario iGaming has released a market report for the first quarter of 2023, and online casinos continue to hammer online single-event sports betting in the free commercial market. ![]() We listed Tencent as one of the top 50 mobile game makers of 2022. With Tencent being one of the industry’s leaders of the massive mobile segment, it also confirms our brands’ potential in the free to play market.” “It reflects the strength of our brands in a context of scarcity of high-quality IPs and, as such, our capacity to increasingly value our IPs. The collaboration with Level Infinite is identified as “one of the biggest publishing deals signed in the industry. “As we look to the future, we are confident that our sharp focus on our biggest opportunities coupled with significant cost reductions will result in meaningful progression of revenue, earnings and cash-flow generation over the coming years.”Īssassin’s Creed Jade is highlighted as a particular boon for the company’s mobile gaming presence. This publishing partnership greatly enhances our medium-term mobile footprint while delivering significant financial value to the benefit of Ubisoft and its shareholders. It reflects the powerful appeal of our brands and the significant value creation our shareholder agreement with Tencent is delivering. We also announced that Level Infinite will be publishing Assassin’s Creed Codename Jade on mobile. This represents a slight fall compared to 12% in Q1 2022.ĭespite being just one part in Ubisoft’s larger ecosystem, much attention has been drawn to the company’s performance on mobile, with mobile giant Tencent notably purchasing a 49.9% stake in parent company Guillemot Bros last year.Ĭo-founder and CEO Yves Guillemot highlights the potential for mobile, stating, “Our test phases for our free to play titles during the quarter provided key data to our teams as they are getting the games ready for release. Ubisoft has released its quarterly financial report for the three months ending on June 30 - Q1 of the 2023-2024 fiscal year - showcasing the company’s performance, and despite seeing 267.7 million euros ($298 million) in net bookings, mobile proved to be a relatively weak contender in the company’s portfolio, accounting for just 10% - around $29.8 million. According to their latest financials, although Ubisoft saw a moderately succesful year elsewhere, mobile has faltered in the company's portfolio. ![]()
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