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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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BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

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