Yggdrasil Confirm Strong Q3 Results

Making giant strides in 2015, says CEO

Yggdrasil Gaming delivered impressive results in a third quarter update this week saying September was the first month with a positive EBIT.
During the third quarter, revenues increased 339 percent year-on-year to SEK 5.3 million while bet turnover increased by 449 percent to SEK 1,003.5 million. Mobile gaming accounted for 33 percent of total gross game win.
"Yggdrasil has moved to another level in Q3," said chief executive officer Fredrik Elmqvist.
"I'm thrilled that we were in the black with our EBIT in September for the very first time and EBITDA is positive on the full year so far.
"This demonstrates that the business is flourishing and it's a very exciting time for everyone involved.
"We have an aggressive growth strategy and the investment we have made in our products and services has really come to fruition."
The company is experiencing a strong growth phase now employing 38 employees between its Malta and Krakow offices, a 50 percent jump since Q2/2015.

Online Casino News Courtesy of Infopowa

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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.
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