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Enlabs Sets Revenue Record (Again)

5 November 2019 by Therese Williams

This story was published more than 4 years ago.

Swedish online casino operator Enlabs has published their latest financial results, noting that they've set a revenue record for the third consecutive reporting period.

Key financial indicators for the quarter ending September 30th, 2019 were:

  • Revenues up 32% to €10 million, breaking the mark for the first time ever
  • Gaming revenue accounted for €9.2 million, up 39% from last year
  • €194.8 million in wagers during the period
  • Casino gaming revenues were up 58% to €5.7 million
  • Sportsbetting revenues up 7.4% to €2.9 million on €32.6 million in wagers
  • Solutions revenues down 15% to €271,000
  • Baltic operations made up 94% of revenues
  • Operating costs up 35.2% to €2.7 million
  • Costs of services up 34.6 million
  • €939,000 in taxes were paid
  • Gross profits of €7.4 million

Speaking about the performance Enlabs CEO Robert Andersson noted: "It never gets old starting with my opening line 'Our best quarter yet."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.