The sports betting and online gaming sector is growing faster and faster, attracting new investment every year – the sector’s global revenue is expected to reach US$133.60 billion in 2029. For Slotegrator, the financial aspect This type of investment is attractive, but every investment needs detailed calculations.
Slotegrator Academy is of great help to operators
Online casinos develop and adjust their marketing and sales strategies and optimize their processes according to business performance. You can usually track classic KPIs to know what is happening with players and bets, but only financial reports show the real situation for business owners and investors.
A comprehensive learning source on the Slotegrator website, the Slotegrator Academy. She provides useful materials to answer all questions about iGaming business.
Thus, a very important business aspect – the ultimate goal of every business project – is finance. Therefore, when preparing and analyzing financial statements, three aspects are observed that are relevant to our conclusions.
- Assets. These are tangible or intangible things that the company owns and that have value. Thus, it is the casino platform, cash reserves, brand/trademarks, hardware, etc.
- Liabilities. This is what the company owes to third parties, such as profit sharing, employee salaries, player earnings, taxes, fees, legal costs, loan payments and other expenses.
- Net worth. Shareholders’ equity is what belongs to the company’s owners after accounting for all liabilities.
There are three types of relevant financial statements:
- Balance sheet
- Income statement
- Cash flow statement
Types of balance sheets
Balance sheets are drawn up regularly to assess the company’s financial position at a given point in time. Company management and potential investors check the company’s financial health by analyzing the balance sheets.
The income statement shows the company’s financial performance over a period of time. It compares income and expenses to see whether the company made a profit or loss.
A cash flow statement displays all the money that passed through the company during the chosen time period and the money that remained. A cash flow statement has three sections: the operating section, the investing section, and the financing section.
Creating financial statements is a very important part of business strategy, but the most important thing is the ability to analyze them and draw correct conclusions.
Important points in finance for Slotegrator
Vertical analysis shows the share of each item in its category (what percentage of total assets is the platform). Vertical analysis is used with balance sheets and income statements and allows you to understand the company’s performance over a chosen period of time, while horizontal analysis looks at the dynamics of performance by comparing successive periods of time (2023 with 2024, for example).
Ratio analysis compares performance with competitors or the same company over different periods of time. It analyzes liquidity, solvency (or leverage) and profitability ratios.
These parameters assess the ability to cover your short-term liabilities, manage your non-current liabilities and lastly and most importantly, the ability to earn money.
“We created the Academy section on our website to provide our customers and partners with regular updates, the latest iGaming news and useful tips,” commented Ataur Rosul Abeer, Senior Sales Manager at Slotegrator.
“We believe that sharing knowledge and experience is beneficial to all members of the sports betting community, as the industry is developing and changing very quickly.”
“However, in addition to licensing insights, regulatory updates, and game provider overviews, there are business topics that are good to discuss. In other words, how to bring together a team, avoid mistakes, deal with risks and… calculate money”, he concluded.
