Yggdrasil Gaming, the online and mobile casino games provider owned by Cherry, said that its aggressive growth strategy and investment in its products and services had come to fruition during the third quarter, helping the company generate an operating profit for the first time in September.

The game developer saw revenue soar 339 per cent to SEK5.3m in Q3, as first revealed in parent Cherry’s results yesterday, with bet turnover up 449 per cent to SEK1.0bn.

Mobile accounted for 33 per cent of its total gross game win during the quarter, rising as high as 37 per cent in September. Yggdrasil expects this to continue to increase as some of its clients have yet to launch its games in mobile.

Premium subscribers continue here to the full article.

Related

GIQ Magazine