Baltic operator Enlabs increased its revenues by 35 per cent during the third quarter of 2020, a period in which it closed in on a SEK150m (£12.9m) takeover of Global Gaming.
Revenues for Q3 stood at €13.6m (Q3 2019: €10m), with organic growth at 10 per cent and total active customers up by 790 per cent to 67,320 (37,536). Deposits totalled €45.9m (€29.9m), a 54 per cent increase.
EBITDA was €4.03m (€3.11m) and EBITDA margin was 29.7 per cent (31 per cent).
Enlabs CEO and Group president George Ustinov said: “The Enlabs team is as busy as ever. For the quarter, we steered our core business towards an all-time-high result, finalised the largest strategic acquisition in the group’s history and made a technological leap by successfully migrating our largest brand to the company’s new gaming platform. Joint effort resulted in a truly transformational quarter.
“Strong business momentum has carried over to Q4 with average daily gaming revenues in October up by 86 per cent (organically 17 per cent) compared to average daily gaming revenue in Q4 2019. We are keeping strong.”
