bedegaming.gif
bedegaming.gif
bedegaming.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2019 AffiliateCon
NEWS 23 May 2018

Mr Green rebrands as MRG and outlines new financial targets

By Harrison Sayers

Online casino and gaming operator Mr Green has undergone a rebranding, the company will now go by the new brand profile of MRG in order to reflect the company’s current outlook of being 'a high growth digital group'.

The announcement was made prior to the company’s Capital Markets Day, along with the outlining of new financial targets and new ventures in the development of games and eSports. However, it was stressed that the current dividend policy would remain unchanged.

MRG’s new financial targets will see the group aiming for an annual growth rate of 25% by 2020. With an EBITDA margin expected to be at 15% by 2020 and going forward.

Commenting on the rebranding and other pre-Capital Markets Day announcements Per Norman, CEO of MRG said:”MRG is a digital, high growth company with a significantly broader operation with more brands and larger geographical presence than a year ago. We invest in new innovative digital areas within iGaming and eSports. MRG is reflecting our vision ‘Shape the future of the iGaming industry’.”

The announcement also included some positive financial results for the newly named MRG. In the period 1 April to 22 May the company’s revenue grew by 40% year-on-year along with a 60% increase to customer deposits during the same period.

RELATED TAGS: Industry
DISCUSS THIS ARTICLE
IN-DEPTH 23 May 2019
Is DFS under threat?
Industry experts help Tim Poole examine the future of daily fantasy sports, with legalised sports betting now exerting its influence over several markets in the US
READ MORE
PREMIUM CONNECTIONS
VNE