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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.

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