A number of casino online sites reported significant growth in their revenues for third quarter this year. Mr Green, a Scandinavian iGaming operator is one of the lucky operators that experienced such growth. According to the operator’s report, the revenue growth has been maintained for three quarters in a row before amortization, depreciation and interest. The total third quarter soared as high as SEK168.5 million that is equal to 35.8% increase as compared to the same quarter in the previous year’s SEK 124.1 million. According to Mr. Green’s chief executive officer, Mikael Pawlo, the online casino has maintained an upward trend in the third quarter in both profits and sales as compared to the same period last year.
Pawlo further explained that the company will continue to capture the market share and outgrow the market with more focus on expanding internationally. With this, Mr. Green won’t have to depend much on each market they operate. Mr. Green’s CEO also believes that they will be able to successfully expand to different markets with its perfect pair of creatively and meticulously developed products and the well-established brand. With great games, they can easily attract players from all over the world regardless of their region and country. Pawlo further explained that the strategy of tirelessly developing their products specifically the mobile apps as well as the expansion to international markets will bring them all favorable outcomes and will help them eventually outgrow the market.
Mr. Green’s EBITDA also increased for this year’s first three quarters. Compared to the first nine months last year, the online casino’s revenue is up by $41.3% this year. The figures simply show that all efforts behind operations of Mr. Green have finally paid off. However, there are still a lot of hurdles to pass considering the heightened competition in the online casino market. Nevertheless, with the effort and top quality games, it will not be too difficult to tackle. Additionally, Mr. Green already has a strong customer base and popular among players to every market it enters. Casinos online that do well when it comes to generating revenues should be able to maintain the growth by continuously offering games to all its players.