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Tangelo Games Q2/2016 report
TANGELO GAMES PLEASED WITH MOBILE GROWTH
In Q2/2016 report.
Toronto social gaming firm Tangelo Games Corp. (formerly Imperus Technologies) has reported a 13 percent growth in revenue from mobile games over the previous quarter, a key focus area for the company, within its H1 and Q2/2016 report for the period ending June 30 2016.
Key performance highlights include:
- Tangelo generated revenue of CAD 20.91 million (H1/2015: CAD9.81 million).
- Adjusted EBITDA of CAD 5.76 million (H1/2015: $0.77).
- Total net loss of CAD 2.45 million (H1/2015: CAD 10.27 million).
Readers will recall Tangelo’s acquisition of Diwip earlier this year, followed by its integration into one consolidated operating unit.
The company subsequently “right-sized” the organization to realize operating efficiencies, reducing its workforce by 25 percent.
"Our rapid mobile growth in Q2 demonstrates that Tangelo is on the right track,” commented James Lanthier, chief executive officer of Tangelo. “While desktop still makes up the majority of our revenue, our business is geared towards the future and growing faster than the industry rate."
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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