Latest News

Gamesys Group Reports 27% Pro Forma Revenue Rise for H1 2020

Published

5 years ago

August 13, 2020

Niji Narayan

Bally’s and Gamesys Agree Terms on £2B Merger

Reading Time: < 1 minute

Gamesys Group, an online software development and gaming business, has reported a pro forma revenue rise of 27% for the first half of 2020, seeing a 101% reported change – to £340m ($444.9m).

The reason behind its reported change is the company’s acquisition of JPJ for £490m in September. But its pro forma rise shows all brands would have experienced financial increases in any case.

Adjusted EBITDA was also up 75% to £95m and adjusted net income up 68% to £68.1m.

“It has been very pleasing to oversee another strong half-year performance, with reported gaming revenues doubling across the group year-on-year. Our strong brands, operational control and proprietary technology have allowed us to drive growth in established markets such as the UK, while also delivering strong results in fast-growing markets in Asia and ROW,” Lee Fenton, CEO of Gamesys Group, said.

Up Next

Salsa Technology signs NetGame Entertainment content deal

Don't Miss

Allied Esports Entertainment Reports Net Loss of $10.9M During Q2 2020

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.