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Mr Green Q1 2016 Earnings
Friday, April 29,2016 : GOOD FIRST QUARTER FOR MR GREEN ONLINE CASINO
Operator posts a 12 percent y-o-y rise in revenue as non-Nordic business picks up.
The Swedish online casino operator Mr Green has posted a positive first quarter result, reporting that non-Nordic European markets rose encouragingly, enabling a 12 percent increase in revenues despite the Nordic business remaining largely flat.
Revenues reached SEK 218.5 million (around GBP 18.7 million) in Q1-2016 and EBITDA was up 24 percent at SEK 30.2 million, boosting earnings per share by 0.55 SEK cents to SEK cents 0.68.
Results from the non-Nordic operations in Europe were particularly rewarding, rising from SEK 99.2 million in Q1-2015 to almost SEK 120 million in Q1-2016, but Nordic revenue lagged at a flat SEK 93.8 million, and the rest of the world jumped almost four-fold from SEK 1.8 million to SEK 4.8 million.
Overall, the number of active players rose to 94,000 (Q1-2015: 86,000).
Management is anticipating good things from the coming autumn launch of a sportsbook in partnership with Kambi
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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.
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.
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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