Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGYS.L Share News (GYS)

  • There is currently no data for GYS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Gamesys Quarterly Revenue Tops Estimates On Increasing Customer Base

Tue, 20th Oct 2020 09:33

(Alliance News) - Online bingo and casino games operator Gamesys Group PLC on Tuesday posted a strong performance for the third quarter, citing continuation of positive business and said that it has made a good start to final quarter of 2020 with trends so far broadly in line with those experienced in the first nine months.

Gamesys shares were down 1.1% at 1,298.00 pence in London.

The FTSE 250 company said third-quarter revenue jumped 31% annually to GBP190.0 million on a pro-forma basis, topping expectations.

"Revenues in percentage terms increased by high double-digits in Asia and there was another very solid performance in the UK. In Europe, Spain continued to make progress and the US has maintained good momentum with healthy double-digit top line growth," London-based Gamesys said.

Chief Executive Officer Lee Fenton said: "We have performed extremely well during Q3, with strong organic revenue growth, an increasing active customer base, and solid progress made across both our core and growth markets globally.

"Looking ahead, our portfolio of established and trusted brands, complete ownership of our technology platforms and a strong balance sheet, underpin our ability to thrive in the long term."

By Tapan Panchal; tapanpanchal@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
10 May 2021 09:38

Bally's gives schedule for Gamesys deal as shares trade above price

Bally's gives schedule for Gamesys deal as shares trade above price

Read more
6 May 2021 15:53

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

Read more
14 Apr 2021 13:07

Wednesday broker round-up

(Sharecast News) - Gamesys Group: Canaccord downgrades to hold with a target price of 1,878p.

Read more
14 Apr 2021 09:18

Canaccord Genuity lowers Gamesys to 'hold'

(Sharecast News) - Analysts at Canaccord Genuity lowered their rating on Gamesys from 'buy' to 'hold' on Wednesday following the formal announcement of its proposed combination with Bally's.

Read more
13 Apr 2021 10:59

TOP NEWS: Gamesys confirms Bally's takeover, adds dividend

TOP NEWS: Gamesys confirms Bally's takeover, adds dividend

Read more
13 Apr 2021 08:20

LONDON BRIEFING: Babcock promises no equity issue amid restructuring

LONDON BRIEFING: Babcock promises no equity issue amid restructuring

Read more
24 Mar 2021 17:00

LONDON MARKET CLOSE: Upbeat PMIs and higher oil prices lift FTSE 100

LONDON MARKET CLOSE: Upbeat PMIs and higher oil prices lift FTSE 100

Read more
24 Mar 2021 13:02

TOP NEWS: Gamesys backs possible takeover by US casino owner Bally's

TOP NEWS: Gamesys backs possible takeover by US casino owner Bally's

Read more
24 Mar 2021 12:37

Bally's agrees in principle to buy Gamesys for £2bn

(Sharecast News) - Bally's of the US has agreed in principle to buy Gamesys in a deal that would value the online gaming operator at £2bn.

Read more
18 Mar 2021 16:03

CORRECT: BROKER RATINGS: Buy Smurfit Kappa and DS Smith - Berenberg

CORRECT: BROKER RATINGS: Buy Smurfit Kappa and DS Smith - Berenberg

Read more
17 Mar 2021 09:37

BROKER RATINGS: Buy Smurfit Kappa and DS Smith, hold Mondi - Berenberg

BROKER RATINGS: Buy Smurfit Kappa and DS Smith, hold Mondi - Berenberg

Read more
10 Mar 2021 13:21

Wednesday broker round-up

(Sharecast News) - Ultra Electronics: JP Morgan upgrades to overweight with a target price of 2,350p.

Read more
10 Mar 2021 09:35

BROKER RATINGS: Liberum upgrades Ferrexpo to Buy from Hold

BROKER RATINGS: Liberum upgrades Ferrexpo to Buy from Hold

Read more
9 Mar 2021 13:05

Tuesday broker round-up

(Sharecast News) - Aston Martin: HSBC upgrades to buy with a target price of 2,750p.

Read more
9 Mar 2021 09:56

BROKER RATINGS: SocGen downgrades Pearson to Hold from Buy

BROKER RATINGS: SocGen downgrades Pearson to Hold from Buy

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.