iGaming Business – Scandinavian online casino operator Mr Green has been able to post widespread year-on-year growth for the third consecutive quarter after both revenue and earnings before interest, tax, depreciation and amortisation (EBITDA) increased during the three months to September 30.

Revenue for the third quarter totalled SEK168.5 million (€18.3 million/$14.4 million), which is an increase of 35.8% on the SEK124.1 million achieved in the corresponding period last year.

EBITDA during the three-month period also jumped 34.5% from SEK31.5 million in the third quarter of 2013 to SEK42.4 million in the most recent quarter.

Earnings per share before dilution grew from SEK0.49 to SEK0.76 while the number of active customer for Mr Green’s online casino increasing from 65,853 to 66,266.

The successful quarterly results place Mr Green’s revenue for the first nine months of 2014 at SEK484.2 million, which represents an increase of 39.4% on the SEK347.6 million posted at the same point last year.

EBITDA for the first three quarters of the year increased 41.3% to SEK117.9 million while earnings per share before dilution grew from SEK1.46 in the first nine months of 2013 to SEK2.06 this year.

Mikael Pawlo, chief executive officer of Mr Green, said: “The Mr Green online casino continued to grow robustly in the third quarter compared with the year earlier period, both in terms of sales and profit.

“We continued during this quarter to significantly outgrow the market, implying that Mr Green is continuing to capture market share. We are continuing our international expansion, thereby reducing our dependence on individual markets.”

(More)