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Mr Green Fourth quarter EBITDA
MR GREEN ONLINE CASINO ENJOYS INCREASED PROFITABILITY IN 2015
Fourth quarter EBITDA rose 71.2 percent year-on-year.
Mr Green and Company AB, a Swedish-listed online casino operator, has reported a strong fourth quarter and improved progress over the full year, highlighting the following performance figures:
In the fourth quarter:
* Revenue up 15 percent y-o-y at SEK 201.1 million;
* EBITDA up 71.2 percent to SEK 29 million, and EBIT of SEK16.8 million (Q4-2014: negative SEK 110.4 million);
For the full year 2015:
* Revenue up 20.3 percent year-on-year to SEK 792.6 million;
* EBITDA up 1.4 percent to SEK136.8 million;
* EBIT still negative SEK 36 million - an improvement on FY 2014 when a negative of SEK 31.2 million was recorded;
* The Board of Directors proposes that no dividend be paid for 2015.
CEO Per Norman reported on the company's plans to launch a sportsbook in 2016 to leverage the cross-marketing opportunities with the company's casino players.
“The online casino Mr Green increased its game win by 20.3 percent in 2015 and experienced growth at more than double the rate prevailing on the market," Norman said.
"The Board of Mr Green Ltd has resolved to broaden Mr Green’s offering through the launch of a sportsbook during 2016. This is a natural expansion of our offering since a large number of our current casino customers also play some form of sports betting.”
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.
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