Strong performances by leading Nordic-listed iGaming operators and suppliers continued in 2016 as aggregate revenue rose by 39 per cent to approximately SEK17.6bn (€1.8bn).

Consolidation continues to be the overriding theme for the leading Nordic-listed companies. All companies that grew by more than 100 per cent over the year did so due in part to M&A activity. This has continued into the first quarter of 2017 and we expect no slowdown in the near term.

Within the affiliate space, the number of acquisitions has intensified further. Catena Media, Cherry, Gaming Innovation Group (GIG) have all expanded their portfolios of affiliate assets considerably, and the lesser-known but growing Net Gaming Europe snapped up Malta-based Highlight Media to expand its lead generation business.

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