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Gaming Innovation Group Q2-2016
NEW Q2-2016 RECORDS FOR GAMING INNOVATION GROUP
EBITDA and revenue both soar at online gambling group.
The Norwegian Gaming Innovation Group, which operates online gambling sites, has reported record Q2-2016 results with positive growth in both revenue and EBITDA.
Highlights of the report include:
* Operating revenue up year-on-year 23 percent at Euro 9.7 million;
* Gross margin up a percentage point at 85 percent;
* EBITDA positive at Euro 0.96 million, up Euro 1.93 million on the previous Q1 2016 loss of Euro 0.07 million;
* Marketing investment up at 43 percent of revenue (Q1-2016: 37 percent);
* First time depositors increased to 11,400, a quarter-on-quarter rise from 4,700 on the first quarter of 2016;
* The companys iGamingCloud product signed three new clients during the quarter, boosting total clientele to 13;
* Sports betting technology revamp on track for completion in Q1-2017;
* The group acquired developer and provider of online casino services Betit Group to expand B2C business.
Gambling News :
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
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