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Mr Green Casino Q2-2014 Reports

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 (
* 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.

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Wanajump Launches - #Wanajump Spanish online and land gambling operator Grupo R. Franco appears to be emulating the William Hill group, announcing this week that it is to begin a start-up accelerator program for innovative entrepreneurs, which it has titled Wanajump.

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Oshi online casino now accepts fiat currencies - The Oshi online casino, which started just a year ago as a Bitcoin-denominated operation, has described its expanded activity in a statement this week, noting that in addition to Bitcoin it now accepts fiat currencies and has added new game providers to its roster of suppliers.

New Standards for UK Online Gambling - Online gambling service and technology providers, along with operators and testing agencies will be studying the new gambling software and technical standards proposal published by the UK Gambling Commission following a public consultation.

Pennsylvania Gambling Bill 1887 returned with additions - The interaction between the Pennsylvanian House and the state Senate has become increasingly like watching a game of ping pong as the two political establishments wrestle with online gambling legalization and court-ordered tax fixes in the dying days of the current political season.

UKs Advertising Standards Authority vs Ladbrokes - A Ladbrokes Casino email promo has fallen foul of the UKs Advertising Standards Authority who deemed significant terms and conditions concerning bonusing to be unclear or misleading.

Mybet Earnings Struggle - The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".

Tom Horn Awarded Malta Gaming License - Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.

Calvin Ayre invests in new Antigua Business Center - Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.

Attack of the Zombies Slot - Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.

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