Mr Green Posts Strong Fiscal Results on Live Performance

This story was published more than 2 years ago.

Online betting group Mr Green has announced that they've released their first quarter fiscal results, revealing that numbers were up significantly during the period.

Mr Green has praised their new live betting offering, which gives players a webcast online casino experience that is reminiscent of what you'd find at a land casino.

Key financial indicators for the period ending March 31st, 2018 were:

  • Revenues of SEK381 million, up 38% from the same period last year
  • Earnings up 34% to SEK45.8 million
  • Net income up 7% to SEK20.2 million
  • Mobile revenue percentage of 56%, up 5.8% from last year
  • Customer deposits up 30.7% to SEK1.15 billion
  • Depositing customers of 182,490, up 57.3%
  • New depositing customers up 75.6% to 80,691
  • Returning customers up 45.4% to 101,799

Commenting on the results Mr Green CEO Per Norman said, "For six consecutive quarters, revenues have exceeded our target of annual growth of 20 per cent. This was yet another very strong quarter, with growth of 38 per cent. In local currencies, organic growth was 25.2 per cent, up 14.4 per cent compared with the fourth quarter. Deposits increased by 40.7 per cent during the quarter and customer growth was at 57.3 per cent. This is confirmation from our customers that they like our products and brands."

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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3 May 2018 - 6:18pm
#1

For sure they doing pretty well but it's no wonder for a famous brand of such calibre I think.
And like they acknowledged the live webcast online casino experience should of been a big part of the reason why the numbers are so nice.