Strong Full Year Performance From Mr. Green Online Casino

Game win up 52 percent to SEK 483.5 million

Mr. Green, the publicly listed online casino firm founded by former Betsson entrepreneurs, has posted a strong full year 2013 performance, with game win up 52.1 percent to SEK 483.5 million.

Good growth rates in both game win and EBITDA over the full year were reported, with game win significantly larger than FY 2012 at SEK 483.5 million, and EBITDA reaching SEK 102.2 million (2012: SEK 47 million) up 117.3 percent y-o-y.

Fourth quarter performance was also impressive, with game win up 34.9 percent to SEK 135.9 million (Q4-2012: SEK 100.7 million), although EBITDA was down 28.5 percent to SEK 18.7 million (Q4-2012: SEK 26.2 million) due to investment in marketing expenses that should produce beneficial results through 2014.

"Mr Green's strategy of continued investment in product development, particularly in the mobile area, and launching the casino in new markets means that we have excellent preconditions to continue to significantly outgrow the market, " said chief executive officer Mikael Pawlo on Friday.

Online Casino News Courtesy of Infopowa

More news

here.

About the Author... Total Posts Written: 9,449
Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

See More Posts