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Mr Green Q2-2016
MR GREEN DELIVERS, AGAIN.
Results impacted by non-recurring investments in new platform, launch of sportsbook, live casino and marketing.
Respected online casino operator Mr Green reported a strong second quarter driven by the rapid uptake of mobile.
Key performance highlights for the period ending June 30, 2016 included:
Total revenue increased by 8.4 per cent to SEK 211 million (Q2/2015: SEK 194.8 million.
Mobile revenue reached an all time high of SEK 90.4 million, up 69.4 percent and now accounts for 42.8 percent of total revenue.
EBITDA amounting to SEK 12 million (Q2/2015: 42.5 million) was affected by local betting duties, an increase in marketing spend, investment in live casino and the launch of Mr Green’s sportsbook.
EBITDA margin was 5.7 percent (Q2/2015: 21.8 percent).
EBIT was SEK -3.1 million (Q2/2015: SEK 25 million).
Earnings per share were SEK -0.13 (Q2/2015: SEK 0.56).
Mr Green’s online casino increased active customers by 26.5 percent to 92,721 (Q2/2015: 73,279), while customer deposits reached an all time high of SEK 602 million (Q2/2015: SEK 550.6 million).
Key Performance Indicators for First Half Year ending June 30, 2016:
Total revenue increased by 10.2 percent to SEK 429.7 million (H1/2015: SEK 390 million).
EBITDA was SEK 42.2 million (H1/2015: SEK 66.9 million) and EBITDA margin was 9.8 percent (H1/2015: 17.2 percent).
EBIT was SEK 13.7 million (H1/2015: SEK 29.9 million).
Earnings per share were SEK 0.55 (H1/2015: SEK 0.69).
“The strategy and the initiatives that have been adopted and implemented over the past year, including a new technological platform, a focus on mobile gaming, the broadening of our product range to include a Sportsbook, a stronger focus on the Live segment, a strengthened management team and a new CEO in Malta, are now starting to bear fruit at the operational level, putting us in a good position to deliver continued growth,” Per Norman, chief executive officer of Mr Green & Co. commented.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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