Already 4,377 people have seen this company's branding and they are being followed by 38 Storybook user.In average the company has been rated 5.0 points but has not been commented.

's activity report 2022

Optiwin OÜ continued to operate the online casino and sports betting portal optibet.ee and the casino portal nutz.ee in 2022. The main focus of the company's activities was directed towards improving internal processes and the continuous expansion of the selection of game providers to maintain a competitive advantage, especially in the casino segment.

The growth in sales revenue in annual comparison remained at four percent, which is in line with the general trend of the Estonian remote gambling market. Increased operating and labor costs resulted in a 45 percent decrease in profit (before taxation) compared to 2021. Approximately half of the growth in labor costs was due to an increase in the number of employees and half to an increase in wages. The ISO 27001 information security management system certificate issued to the company in 2022 was a major part of the increase in operating costs, and the increased number of employees also increased the cost of software user licenses.

Main financial ratios for 2022: 2022 2021

Return on equity (ROE) % 5.22% 18.40%

Short-term obligations coverage ratio 7.740 2.134

Equity ratio % 86.40% 53.06%

Ratio formulas: (cid:127) Return on equity (ROE) = net profit/average equity (cid:127) Short-term obligations coverage ratio = current assets/short-term obligations (cid:127) Equity ratio = equity/balance sheet total

The general macroeconomic environment in the form of inflation had the greatest impact on the sector as a whole in the second quarter, some negative impact on the remote gambling market also came from the finally abolished corona restrictions and some players moving back to land-based casinos.

In the field of responsible gaming, we integrated the industry's most modern and innovative responsible gaming artificial intelligence ARC™ (Advance Responsibility and Care™) into our websites in 2022. With ARC, we offer our customers technology-based proactive player protection. We have significantly expanded the behavioral indicators used to identify potentially endangered players, and we are also continuously developing new models. We believe that ARC offers our customers unprecedented protection measures and promises to change the current understanding of responsible gaming in the future more broadly in the entire remote gambling industry.

Making forecasts for the beginning of 2023 is still rather complicated as in the environment of rising interest rates, the first cut for potential customers is precisely the entertainment sector. Nevertheless, we look optimistically at the second half of the year and especially at the traditionally most successful fourth quarter of the remote gambling market, presumably we will be able to achieve a turnover similar to 2022 in 2023.

Most relevant to our field of activity, the new government coalition has decided to raise the gambling tax and is discussing possible additional advertising restrictions for the sector. At the time of writing this report, the mentioned changes have not yet reached the Parliament for voting, but their earliest possible implementation is from the beginning of 2024, and therefore any possible legal changes will not affect the results of the 2023 financial year.