Yggdrasil into the black

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Revenues for Q3 leapt 339 per cent year on year to SEK5.3m (£0.27m) while bet turnover increased still more, by 449 per cent to SEK1,003.5m (£76m).

Mobile accounted for 33 per cent of the total gross game win in Q3 and Yggdrasil has a total of 25 signed agreements with operators.

The company has chosen to discontinue its Curaçao licence, migrating clients to Yggdrasil’s Malta licence. An application for a UK licence has also been submitted.

Fredrik Elmqvist, CEO, said of the results: “Yggdrasil has moved to another level in Q3. I’m thrilled that we were in the black with our EBIT in September for the very first time and EBITDA is positive on the full year so far.

“Mobile revenue continues to increase and, as of September, it was 37 per cent of our game win. These numbers keep rising as some of our clients haven’t launched our games in mobile yet,” he said.

read more at intergameonline.com

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