Global Gaming “back to profitability” for Q2

Despite this, revenue still saw a 46% drop year-on-year, to SEK 71.8m, while profit after tax was SEK 1m, up from a loss of 11.8m last year.

Revenue for the first six months of the year amounted to SEK 129.7m, a decrease of 56% from the same period in 2019.

For H1, operating profit was SEK 800,000, up from a loss of SEK 54.5m, while profit after tax was SEK 700,000, a significant increase from last year’s loss of SEK 53.3m.

During Q2, Global Gaming gained a new main shareholder as Enlabs AB announced a 29.9% acquisition in the company, and Peter Fagrell took over as CEO of the operator’s Maltese subsidiaries.

Commenting on the results, Global Gaming CEO Tobias Fagerlund, said: “I am proud and happy about the very good work we have done during the past year and look forward with excitement and confidence to the future.

“Not least, I look forward to an in-depth dialogue with our new major owner, the Enlabs Group.”

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Owain Flanders

Journalist

Owain Flanders is a journalist who spent over a year with Gambling Insider, first joining as an Editorial Intern in August 2019 before progressing to Staff Writer from November 2019 to December 2020. During his tenure, he covered a wide range of developments across the global gambling and iGaming sectors, producing original news stories, in-depth features and analytical pieces for the Gambling Insider website and its bi-monthly magazine.

Owain interviewed CEOs, analysts and senior marketing executives on emerging trends, regulatory issues and commercial strategy, bringing authoritative insight to a professional B2B audience.

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