Gamesys confident of surpassing expectations after 2020 growth

By Peter Lynch

In a pre-close trading update of its full year results, Gamesys Group said it was confident it will report FY 2020 revenue and adjusted EBITDA at or above the upper end of current market expectations for the period.

The operator added that the integration of operations has progressed as expected after the merger with JPJ Group to create Gamesys Group plc in 2019, despite the challenges presented by the ongoing COVID-19 pandemic.

“Gamesys has delivered tremendous performance during 2020,” said Gamesys CEO Lee Fenton. “Our strong growth is the result of excellent execution against our strategy, a deep understanding of our player base, and our commitment to always putting players at the heart of everything we do.

“Against the backdrop of a global pandemic, our relentless focus on the sustainability of our revenue streams, coupled with ensuring player and staff wellbeing, has positioned us well to carry our considerable forward-momentum into 2021."

Fenton is encouraged by the operator's "sustainable growth," stating that the business is in a healthy position financially moving forward.

The Gamesys CEO said: “We maintained strong and sustainable growth during 2020; a period in which we completed the integration of our enlarged group, entertained record numbers of active players, and significantly enhanced our propositions and technology platforms.

“During the year, we also delivered a maiden dividend and as we enter 2021, we are in a strong position to continue to deliver growth in the business and create value for our shareholders.”

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