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Yggdrasil Releases First Half Trading Update

Internet betting firm Yggdrasil Gaming has released its latest trading update, noting higher turnover but lower EBITDA.

The firm listed the following highlights for the first half:

  • Record highs for player turnover

  • A gaming library that now stands at 12 lottery games and 5 slots

  • Deals that have been struck with seven online betting operators, which are online with 15 online betting sites which include: LeoVegas, Mr Green, Unibet, Vera&John and Videoslots.com and has signed additional agreements with Betsson, CO-Gaming, Leaderbet, L&L Casino, Offside Gaming, Portomasoand Starfish Media

  • Membership in the Gibraltar Betting and Gaming Association

Commenting on his company's performance Yggdrasil Gaming CEO Fredrik Elmqvist said, "It has been a very solid start to 2014 for Yggdrasil Gaming after signing agreements with twelve operators spread across various European markets. We now have seven operators live across 15 websites, as well as an additional seven integrations currently ongoing. There is a strong sales pipeline with the opening of a sales office in Gibraltar increasing prospects in the jurisdiction, including a number of the most prominent operators.

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