Mr Green revenue up 36.3% in Q2 2017

By Robert Simmons
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.

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.

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