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Contagious Gaming Q1-2017 Report
Tuesday August 30,2016: CONTAGIOUS GAMING PLEASED WITH Q1 2017 RESULTS
Achieves first positive EBITDA.
Vancouver-based software developer Contagious Gaming reported on its first quarter 2017 results for the period ending June 30, 2016 saying it had achieved its first quarter of positive EBITDA.
First Quarter 2016 Highlights include:
- Revenue of $1,091,152, an increase of 420 percent year-on-year (Q1/2016: $209,938).
- Adjusted EBITDA of $190,528 compared to Adjusted EBITDA Loss of ($546,722) in Q1/2016.
- Adjusted Net Loss of ($439,254) compared to ($1,020,372) in Q1/2016
- Cash balance of $1,668,881 compared to $1,838,882 at March 31, 2016.
“Our results for the first quarter of 2017 continue to improve quarter over quarter. Most notably in the first quarter of 2017, we achieved our first quarter of positive EBITDA and Adjusted EBITDA,” Peter Glancy, chief executive officer and director of Contagious Gaming said.
The company anticipates the launch of its expanded online gaming offer with the addition of fixed odds sports betting, visual sports betting and casino games integrated within its Goal Time product. Following the launch of its expanded online gaming offer, Contagious Gaming expects to offer a B2C and white label business initially in the UK.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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