SBC News Voice of the Sports Betting Industry
Gamesys Group Plc has cited continued growth momentum across its brand portfolio as the LSE-listed online gambling group recorded growth on all key operating metrics.
Publishing its Q3 2020 trading statement, Gamesys recorded a 31% increase in group revenues to £190 million, reflecting a period of strong organic growth which was supported by an increase in customer activity.
Providing a snapshot of its performance, Gamesys noted that robust UK trading was supported by significant double-digit market gains across Asia, the US and Spain.
Gamesys branded Q3 trading as a ‘period of notable highlights’ in which the firm demonstrated its operational prowess by launching its ‘Monopoly Casino’ brand in Spain – which it lauded as “one of the most successful new brand initiatives in the history of the group”.
Underpinning the firm’s Asian market growth profile, Q3 trading saw the successful launch of Intercasino JP, as Gamesys’ second brand to go live in the Japanese igaming market.
Meanwhile, for the UK, Gamesys stated that it has met the challenge of operating under COVID-19 restrictions. In its update, the company explained that it has undertaken a ‘proactive engagement’ to ensure that its customers are aware of responsible gambling tools, with an ‘increased awareness of player time and spend across all sites’.
Gamesys Q3 update did not provide a breakdown of corporate performance. However, the LSE firm underlined that its strong metrics have carried into its Q4 results as it looks to close its year-end trading.
Lee Fenton, Chief Executive Officer, Gamesys Group, commented: “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.”
