SBC News Voice of the Sports Betting Industry
European igaming operator Mr Green&CO announced a Q4 2014 revenue increase of 28% to SEK 174.8 million (£13.5 million), as the operator managed to record year on year revenue growth for its 2014 financial performance.
Reporting on the period of October to December 2014, Mr Green EBITDA performance had been effected by Tax disputes with regards to Austria, which had seen the company set aside a SEK 108 million (£8.5 million) charge during the period.
The potential tax charge would see Mr Green record a EBITDA of SEK -95.1 million (-7.3 million) (Q4 2013 EBITDA – SEK18.7 million).
Closing its 2014 performance, Mr Green was able to report full year revenues of SEK 650 million (£51 million) up 36% on 2013 performance SEK 483 million. However its Austrian tax charge would impact EBITDA performance with the operator reporting SEK 22.8 million (£1.8 million) for 2014, compared to 2013 SEK 102.3 million (£7.85 million).
MrGreen&Co CEO Mikael Pawlo remained positive despite the impact of the tax charge on the company’s 2014 performance, stating
“The Mr Green online casino continued to grow robustly in the fourth quarter, compared with the year-earlier period. We also significantly outgrew the market this quarter
“Compared with the European online casino market, which grew by an estimated 13 per cent in 2014. The basis for our rapid growth is that we offer our players an attractive, secure and safe gaming experience. That is why they come back to Mr Green.”
Mr Green&Co 2014 Performance Overview
