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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 :
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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