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Yggdrasil Gaming Q3-2015 Results
Wednesday November 11,2015 : YGGDRASIL CONFIRM STRONG Q3 RESULTS
Making giant strides in 2015, says CEO.
Yggdrasil Gaming delivered impressive results in a third quarter update this week saying September was the first month with a positive EBIT.
During the third quarter, revenues increased 339 percent year-on-year to SEK 5.3 million while bet turnover increased by 449 percent to SEK 1,003.5 million. Mobile gaming accounted for 33 percent of total gross game win.
“Yggdrasil has moved to another level in Q3,” said chief executive officer Fredrik Elmqvist.
“I’m thrilled that we were in the black with our EBIT in September for the very first time and EBITDA is positive on the full year so far.
“This demonstrates that the business is flourishing and it’s a very exciting time for everyone involved.
“We have an aggressive growth strategy and the investment we have made in our products and services has really come to fruition.”
The company is experiencing a strong growth phase now employing 38 employees between its Malta and Krakow offices, a 50 percent jump since Q2/2015.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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