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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.”

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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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