Tag: Financial Report

Yggdrasil’s revenues double in Q2 financial results

iGaming Times - Yggdrasil q2 elmqvist
Yggdrasil saw revenues more than double for the second quarter of the year, the company announced in its financial results.   The number of player transactions rose by 84 percent year-on-year to 801 million, while revenues increased by 103 percent to SEK40.4m by the same measure. Fredrik Elmqvist (pictured), CEO of Yggdrasil, said: “It has been another strong quarter for Yggdrasil,...

CMC profits fall as market volatility low

BBI - CMC profits
Spread betting firm CMC Markets has posted a nine percent drop in pre-tax profits for its first full year of results, as lower market volatility presented less opportunities to gamble.   The company had warned that a regulatory crackdown towards the end of last year would have a negative impact on the FY performance, however the downturn came for an unforeseen...

Newgioco Group records key growth in Q1 2017

BB - Jackpotjoy accounts report AGM Cherry Yggdrasil Newgioco strong
The regulated online and offline leisure gaming and wagering company, Newgioco Group, has reported significant increases in its Q1 2017 results.   Newgioco Group, Inc. has filed its 2017 first quarter results with the U.S. Securities and Exchange Commission reporting an increase of approximately 88.8% in non-GAAP gaming turnover to $52.7 million for the first quarter of 2017, up from $27.9...

“Market dominance brings the cash” for Jackpotjoy Plc

Betting Business 32Red Financial Plc
The world’s largest online bingo-led operator, Jackpotjoy Plc continues to grow according to a report by the investment research and advisory company, Edison.   Jackpotjoy Plc has recorded strong Q1 results with strong cash generation according to a financial report conducted by Edison. Commenting on Jackpotjoy plc, Edison stated: "Market dominance brings the cash. Despite regulatory headwinds, we forecast continued strong underlying...

Cherry reports strong growth for Q1 2017

BB - Jackpotjoy accounts report AGM Cherry Yggdrasil Newgioco strong
The Swedish gaming company, Cherry, has recorded continued strong growth and improved profitability during the first quarter of 2017.   Cherry’s Q1 2017 report saw the group’s revenue grow by 205 per cent year-on-year to MSEK 541 (177), with organic revenue growth amounting to 44%. The company also saw profitability improved and EBITDA increased by 224per cent to MSEK 83 (26) and...

Paddy Power Betfair Plc reports strong Q1 growth

Betting Business, Paddy Power Betfair, H1 growth Jackson
A report from Paddy Power Betfair Plc for Q1 2017 has recorded 23% revenue increase and a key growth driven by sports for the company.   Paddy Power Betfair plc has announced a trading update for the three month period ended 31 March 2017 with key growth driven by sports in Q1 2017. Revenue up 23% to £416m (up 15% in...

JackpotJoy submits accounts and sets date for AGM

BB - Jackpotjoy accounts report AGM Cherry Yggdrasil Newgioco strong
The 2016 Annual Accounts for online bingo-led operator, JackpotJoy PLC, have been submitted alongside its 2017 Notice of Annual General Meeting.   Jackpotjoy plc, the largest online bingo‐led operator in the world, in compliance with Listing Rule 14.3.6, has submitted a copy of each of the following documents to the National Storage Mechanism, and these will shortly be available for inspection...

Intralot ‘reap the rewards of its business transformation’

Betting Business - Intralot
Publishing full year 2016 financial results, gambling and lottery systems provider, Intralot Group, has announced that its operations are starting to ‘reap the rewards of its business transformation’.   The group has notably posted a seven percent increase in revenues from E1.25bn up to E1.32bn. The company has stated that such progress had been boosted by new gaming systems and product...