Gamesys Revenues Rise in 2019

This story was published more than 4 years ago.

Online betting firm Gamesys Group has released their full 2019 financials, indicating a large rise in revenues, but a drop in net income for the period.

Key financial indicators for the year ending December 31st, 2019 were:

  • Revenues of £415.1 million, up 34.7% from the year prior
  • UK revenues of £214.6 million, up 30.9% from 2018
  • Asian market growth up 137.2% to £122.4 million
  • European revenues down 13.5% to £68.6 million
  • Other regional revenues down 29.1% to £9.5 million
  • Costs and expenses up 47.6% to £381.4 million
  • Distribution costs of £214.2 million
  • Administration expenses up 40.7% to £147.4 million
  • Transaction related costs up 573.9% to £15.8 million due to the purchase of Gamesys assets

Commenting on the results Gamesys CEO Lee Fenton said, "I am delighted with Gamesys Group's strong financial performance in 2019, particularly given the significant work undertaken around the acquisition and integration of the legacy Gamesys business.

"It was particularly pleasing to see the UK return to moderate growth in 2019 as we annualised the introduction of enhanced responsible gambling measures and we expect to see similar trends in 2020.

"We are confident that our approach of multiple trusted brands, player centricity and a focus on the quality, rather than quantity, of content will leave us well-positioned to make market share gains."

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.