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Yggdrasil Earnings Results

Monday February 22,2016 :  YGGDRASIL HAILS FULL YEAR RESULTS

Stratospheric revenue growth, says CEO

Malta-headquartered software developer Yggdrasil Gaming delivered a robust Q4 2015 and Full Year Update, saying the company is exceeding its internal growth forecasts.

Quarter 4 highlights for the period ending December 31, 2015 include:

-    A 696 percent revenue increase year-on-year to SEK 10.4 million
-    EBITDA amounting to SEK 4.9 million (Q4/2014: SEK -1.4 million), corresponding to an EBITDA margin of 47 percent
-    Bet turnover of SEK 2.28 billion, an increase of 991 percent year-on-year.
-    Mobile gaming now accounts for 41.75 percent of the total gross game win
-    Number of bets increased by 792 percent year-on-year to SEK 204 million.

2015 Full Year Highlights include:

-    Revenue increase of 357 percent to SEK 20.1 million
-    Significant improvement in EBITDA to SEK 5.2 million (2014: SEK -4.6 million)
-    544 percent bet turnover increase to SEK 3.89 billion.
-    A total of 27 signed agreements with operators.

Yggdrasil closed the door on a phenomenal year of growth during 2015 in which it sealed numerous new deals with LeoVegas, Mr Green, Unibet, Hero Gaming, BetClic, Expekt, Monte Carlo Casino, Casino Heroes, Sunmaker and Kaboo; was awarded UK Gambling Commission licensing; saw the launch of a promotional tool offer BOOST; released eight new games; awarded a Joker Millions progressive jackpot of Euro 460,000 won seven new Joker Millions deals; and launched its iSENSE 2.0 HTML5 framework.

In a trading update, the company said it had signed further deals with Vera&John, ComeOn and Betsson.

“Yggdrasil enjoyed an absolutely fantastic 2015 which has put us in a position to push on this year and firmly establish ourselves as a top-tier supplier,” Fredrik Elmqvist, chief executive officer of Yggdrasil commented.

“It is tough to pick out just a handful of highlights in what was an action-packed year which saw stratospheric revenue growth, positive year-end EBITDA for the first time and several industry-first launches.”

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Gambling News :

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.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

Microgaming is set to release three exciting new games in March - Pollen Party will literally have players buzzing with excitement as the ground-breaking, 720 way variable reel online slot is brought to life in a unique honeycomb reel layout.

NBA Odds: Resurgent Clippers Face Warriors in Oakland - After a much-needed lineup shuffle, the Los Angeles Clippers (29-27 SU, 35-21 ATS) carry a four-game SU and ATS winning streak into Thursday’s game against the best team in the NBA, the Golden State Warriors (47-9 SU, 27-27-2 ATS). Tip-off is at 10:30 PM ET on TNT.

NBA Odds: New-Look Pelicans Host Rockets on Thursday - The New Orleans Pelicans just hosted the All-Star Game and saw their very own Anthony Davis win the MVP. But the celebration was brief because the next day, the Pelicans made a huge trade,

PokerStars.CZ has launched in the Czech Republic - PokerStars.CZ has launched in the Czech Republic, becoming the first licensed online casino and poker operator under the Czech Republic’s new gaming regulation. This follows on from the approval by the Czech State Supervision of Gambling and Lotteries Department.

Luckia Games in Partnership with NYX Gaming Group - NYX will provide Luckia with its open gaming system, NYX OGS, and open platform system, NYX OPS, to support the growth of its established Spanish operation.

Sunbets to Sponsor Sutton United - Online betting operator Sun Bets has inked a one-off sponsorship deal with English association football club Sutton United for its upcoming televised clash against Arsenal FC in the FA Cup fifth round tie.

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