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Mr Green reveals loss for Q3

Mr G

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reen has reported a loss of SEK 75.95m (£5.8m) for the period from July to September, in comparison with a profit of SEK 27.4m in the corresponding period last year.

Per Norman, the operator’s CEO, said the figures were partially affected by “recognition of an amount corresponding to SEK 25.4m in tax compared with SEK 0.4m in the year-earlier period”.

Mr Green is continuing to dispute its tax liability, following the implementation of a 40% tax on gross gaming win for online gaming that takes place in Austria’s territory.

An appeal process regarding the law has been initiated by Mr Green through the Austrian courts and has made a complaint to the European Commission, though it expects the process to take several years.

The Q3 report recognised the impact of the law as a precautionary measure to illustrate the outcome of a worst-case scenario.

EBITDA before items affecting comparability was SEK 40.8m, down slightly year-on-year from SEK 42.4m, but items affecting comparability of SEK 81.6m resulted in overall negative EBITDA of SEK 40.8m.

Negative EBIT, including depreciation and amortisation as well as an impairment, totalled SEK 82.7m.

Total revenue went up 20% to SEK 201.6m, while mobile game win ascended 72% to SEK 62.6m.
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