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Mr Green Casino Q2-2014 Reports

Friday August 15,2014 : MR.GREEN ONLINE CASINO REPORTS STRONG GROWTH IN Q2
 
Revenues and earnings up by double digit percentages year-on-year.
 
Online casino operator Mr.Green and Co AB's Q2-2014 results published Friday show continued strong growth in revenues and earnings as the firm widens its marketing effort beyond the Nordic region and into the United Kingdom.
 
Financial highlights of the company's second quarter included:
 
* Revenue up 40.8 percent year-on-year to SEK161.4 million, bringing H1-2014 revenues to SEK316 million - up 41.4 percent;
 
* EBITDA up 40.5 percent year-on-year to SEK38.5 million, bringing H1-2014 EBITDA to SEK 75.5 million - up 45.3 percent;
 
* Earnings per share before dilution: SEK 0.65 (Q2-2013: 0.47), and after dilution: SEK 0.65 (0.47);
 
* EPS for H1-2014: before dilution: SEK 1.30 (H1-2013: (0.97), and after dilution: SEK 1.30 (0.97);
 
* Active customers down at 63 110 (Q2-2013: 64 658);
 
* Mobile channel now accounts for 22 percent of total revenue, up from a 14 percent a year ago.
 
CEO Mikael Pawlo said Friday:
 
"Our assessment is that Mr Green’s strategy of continuing to invest in product development, particularly for mobile utilisation, and expansion into new countries will create favourable conditions to continue to significantly outgrow the market.
 
"Mr Green continues its organic expansion outside the Nordic region, which will reduce our dependence on individual regions. During the second quarter, the Nordic region accounted for 53.9 (67.0) percent of the total game win, while the rest of Europe accounted for 45.5 (32.7) percent and the rest of the world accounted for 0.6 (0.2) percent. We feel that it is strategically important that we are not solely dependent on the Nordic region or any other region."
 
Pawlo pointed to significant events in or immediately following the second quarter:
 
* Through subsidiary Green Gaming Group plc, the Group acquired Social Holdings Ltd (Spin Tower Casino) and DSRPTV Gaming Ventures Ltd (Garbo.com).
 
* Hans Fajerson resigned from all boards of directors and other assignments within the Group. He remains the largest shareholder in Mr Green & Co AB, with 20.2 percent of both shares and capital.
 
* On 24 April, the General Meeting approved a transfer of SEK 46.6 million to shareholders, corresponding to a dividend of SEK1.30/share.



Gambling News :

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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