Mr Green Casino Announces Financial Growth
Canada-friendly online casino operator called Mr Green has swooped its way into the hearts of many players and casino goers recently with its sleek and stylish character behind a mysterious figure.
Deep selection of games, frequent bonuses and exciting offers and much more awaits in this classy and cool online casino, which is making huge strides towards prominence and has some big numbers to boast with and confirm its immense presence.
Mr Green has announced financial reports revealing year-on-year growth over key financial aspect during the first quartal of 2017, which ended on 31 March.
The Q1 revenues amounted to SEK276.1 million ($31.2 million) which stands for an increase of 26.4% to the same period back in 2016. Company’s Earnings before interest, tax, depreciation and amortization (EBITDA) were pushed up 13.4% to SEK34.2 with a margin of 12.4%.
In the meantime, Mr Green announced that earnings per share, before and after dilution fo the quarter, stood at SEK0.53, which is a push down to last year’s SEK0.68.
Dansk Underholdning Acquisition
In addition to improved financials, Mr Green has marked the first quarter of 2017 with the acquisition of Dansk Underholdnin, an online gaming company from Denmark.
Mr Green did not disclose terms of the agreement, but the company did comment that the new acquisition is expected to be of a positive effect on earnings per share and operating cash later on in 2017.
“This is a part of our strategy of expanding to new geographic markets. Since our focus is to expand in locally regulated markets, an establishment in Denmark is a natural step.”, Chief executive of Mr Green, Per Norman, said.
Mr Green plans to launch its new platform in Denmark at a later stage in 2017.