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's activity report 2022

Hitz Gaming OÜ was established in 2021 and its main activity is organizing gambling games online. In 2022, the company launched three successful brands: (cid:127) http://www.winnerz.com/ (cid:127) http://www.wisho.com/ (cid:127) http://www.trickz.com/

The company's field of activity is expanding not only in consumer markets but also in other economic areas in terms of macroeconomic developments. The online gambling market is constantly expanding and with the wider use of the internet, the number of potential customers is also increasing. It should also be taken into account that remote gambling markets in Europe are moving towards national regulation. To ensure expected growth and support the company's value enhancement strategy, the company intends to apply for additional gambling licenses in 2023.

Mission

The mission of Hitz Gaming OÜ is to become one of the largest and most preferred casino operators (gambling organizers) in Northern Europe, focusing on details in every aspect of the product. Our team is confident that this can be achieved by using top-level customer service, user journey, and product offering.

Values

The aim of Hitz Gaming OÜ's values is to provide customers with a unique gaming experience through top-level products and the best customer support service. The operator's goal is to be honest and fair to all players in different customer segments and to provide a personal approach to everyone. Our core values are that we are team players, we are always honest and responsible, and the customer is always first.

Employees

At the end of 2022, Hitz Gaming OÜ employed a total of 8 employees. Compared to 2021, the number of employees has increased by 80%. As the number of company employees is expected to grow also in 2023, Hitz Gaming OÜ plans to launch new brands and products during 2023.

Investments

No significant investments have been made during the financial year and no significant investments are planned for 2023.

In 2022, there were no significant changes in the market that the management would highlight, business prospects are positive and after a turbulent 2021, it can be said that the year was successful. Interest in online games is constantly growing over time, more and more people find ways to use products online and more and more customers reach the company's managed websites. In 2023, Hitz Gaming OÜ plans to launch a new product vertical and start offering sports betting to its customers.

Main risks

Regulatory risk

The biggest risk associated with the gambling sector is regulatory risk. Regulations limit the jurisdictions where the company can conduct business, and changes in the regulatory field can significantly affect the economic entity. However, the management closely monitors the regulatory environment to be able to respond to changes in a timely manner.

Liquidity risk

The management constantly checks financial resources to ensure that the company has enough money to meet its financial obligations on time.

Credit risk

The management constantly checks financial resources to ensure that the company has enough money to meet its financial obligations on time.