Tag Archives: Stockholm

Therese Hillman – NetEnt unafraid of tackling tough choices for delivering growth

Publishing its full-year 2018 results, Therese Hillman new Chief Executive of Stockholm-listed industry games developer NetEnt AB, has emphasised that her new executive team will continue to execute ‘changes delivering efficiencies for commercial growth’. NetEnt’s CEO closes a transformative Q4 2018 trading period, in which the games developer has undertaken a series of organisational adjustments – significantly reducing headcount within …

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LeoVegas looks to the future after closing challenging 2018

LeoVegas - Two chairs with flags of UK and sweden isolated on white. 3D illustration

Stockholm-listed online gambling group LeoVegas AB recovered from a transitional Q3 period to post a 25 per cent revenue increase to €84.5m for Q4 2018 (1 October to 31 December) trading. However, the operator’s organic growth in local currencies excluding the UK was just 14%, a figure which, according to Regulus Partners, “represents a material gap down on what the …

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Mr Green ups customer reach integrating SWISH pay

MRG Group European online gambling subsidiary Mr Green has stated its intent on accelerating its Swedish market position by integrating the popular SWISH payment service. Launched in 2012 by the Central Bank of Sweden, SWISH is currently the nation’s most popular mobile payment service with a reported 6.7million active users and 180,000 connected businesses. As the merchant has grown in …

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NetEnt AB confirms job cuts at Stockholm home office

The governance of industry games developer NetEnt AB has confirmed that it has undertaken its first organizational streamline, which has resulted in job-losses of 55 positions within its Stockholm headquarters.    The Stockholm-listed enterprise released a statement, outlining that it has taken action to ‘optimise its operations’ with a viewing of enhancing its game production output. The restructuring of NetEnt’s …

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Robin Reed: GiG – Stockholm new boy will match the sector’s active opportunities

Robin Reed Chief Executive and Co-Founder of Gaming Innovation Group (GiG) has detailed his firm’s strategic vision and future strategy to new investors, as GIG prepares to end 2019 by listing as a new Stockholm Nasdaq enterprise. Founded six years ago in Oslo, Reed details that GiG’s enterprise founding team have been led by the mission of delivering ‘digital transformation’ …

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Strong Q3 trading sees Catena confident of future prospects

Stockholm-listed industry affiliate marketing network Catena Media, continues its strong 2018 trading momentum, detailing double-digit growth across its core metrics and KPIs, as leadership eyes significant future opportunities. Sustaining peak activity across its network following World Cup Russia 2018, Catena details Q3 2018 period revenues of €28 million (Q3 2017), supporting year-to-date corporate revenues €77 million (2017: €46 million). Undertaking …

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Strong B2C & B2B mix delivers Q3 double-digit growth for GiG

Oslo-listed online gambling firm Gaming Innovation Group (GiG) continues its strong 2018 momentum, reporting double-digit growth across all its core corporate metrics and performance KPIs for Q3 2018 trading. Citing group-wide initiatives undertaken to improve profitability and general performance, GiG records operating revenues of €37 million up 21% on Q3 2017’s €30 million. Updating investors, the Oslo enterprise details a …

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MRG Group’s effective enlargement sees strong start to 2020 journey

MRG Group (legacy Mr Green&Co), the third Stockholm-listed industry enterprise to publish its Q3 2018 trading update today, details strong progress on its diversification and geographic expansion initiatives. Detailing a further consecutive ‘record-breaking’ quarter performance, in which MRG records a 50% group revenue increase to SEK 445 million (€43 million). The Stockholm enterprise details a period of high customer activity, …

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Betsson AB continues recovery momentum as firm looks to ‘make its home mark’

Stockholm-listed online gambling group Betsson AB, has this morning published its Q3 trading update (period ending 30 September), reporting robust growth achieved alongside a number of operational efficiencies implemented through its ‘back on track’ corporate recovery plan. Updating the market, Betsson records group Q3 revenues of SEK 1,427 million (Q3 2017: SEK 1,181m), detailing growth and strong player activity across …

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Henrik Tjärnström: Kindred Group – ‘Industry needs a collaborative approach on sustainability’

Speaking at Kindred Group’s ‘Sustainable Gambling Conference’ (16 October 2018 – Stockholm) Group Chief Executive Henrik Tjärnström details that his firm is prepared to tackle the industry’s big obstacles on social responsibility and trust. Hosting the conference, Kindred gathered over 200 guests representing regulatory agencies, researchers, therapists and its competitors. Discussing the context of industry sustainability, Kindred governance highlights the …

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