Ann: Investor Presentation, page-3

Where do I start...

The obvious one (which we'v all been waiting for) is the Euro / UK gambling contract. We now know that the product development is completed, and they are ramping up the marketing to start testing and signing agreements. "These prospects are of varying size and represents a mix of geographies and product set (ie, Sports betting, Casino, Lottery, Bingo)".

However, what I also thought was interesting :

Expanding their non-reloadable business further into Europe, in particular Italy and France via Epipoli.

Signed a multi-year relationship with Blackhawk Networks for MasterCard® open loop gift cards in the UK, Belgium and The Netherlands. They also flagged other countries as well, and the US and Canada immediately springs to mind.

Back home:

"We have 10x the number of active gambling winnings cards in market in 2015 versus the 2014 Spring Racing Carnival" and then "we have over 130K cards ordered by customers and we would expect that to double in the next 12 months".

"EML was approved as a principal member of MasterCard® for prepaid issuance on October 27 and will be the first non-ADI in Australia to have card scheme membership capabilities. "

and then Each Way, which will start in June 2016, and start contributing to revenue from 2017.

Point is, everyone seems to be focussing on the UK betting angle, which is of course material. However, management have kept focussing on the business as a whole and have really worked hard to position themselves as a global player