Mr Green revenue up 36.3% in Q2 2017

Online casino company Mr Green has confirmed a 36.3% rise in its year-on-year revenue for the second quarter of 2017, in comparison to the same period of 2016.

Updated on 24 July 2017
Robert Simmons
Gambling Writer
Mr Green revenue up 36.3% in Q2 2017

The firm’s revenue for Q2 2017 totalled SEK287.8m (€29.9m/$34.8m) jumping from the 2016 figure of SEK211.2m.

Mr Green’s earnings before interest, tax, depreciation and amortisation (EBITDA) increased a whopping 337% to SEK52.4m from its previous total of SEK12.0m in the second quarter of 2016.

Total revenue for the first six months of 2016 amounted to SEK563.9m, increasing 31.2% on the Jan-Jun 2016 total revenue figure of SEK429.7m.

The positive results come after the company successfully relaunched its existing Garbo online casino site earlier this year.

Last month the Mr Green issued five million new company shares to both Swedish and international investors, generating total funds of over SEK195m for the online casino brand.

Topics
OnlineCasinoFinancialIndustry
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Robert Simmons
Gambling Writer

Robert Simmons served as a writer for Gambling Insider, where he was an active contributor from 2017 until 2018. Throughout his tenure, Robert executed in-depth market research and wrote over 500 news and press-release articles covering the global gambling industry under strict editorial standards and tight deadlines. He contributed editorial support to the production of five 100+ page Gambling Insider magazines, eight 25+ page Trafficology magazines, and five 25+ page special print focus editions. In addition, he produced 30 in-depth feature articles for print, secured over 30 contributions from external writers, and built long-standing professional relationships with industry stakeholders across all levels of the gambling sector.

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