Fantasma Games, the slots developer, has reported record financials in the first quarter of the year with net sales hitting SEK4.8m, representing a significant 349 per cent increase year-on-year.
Other financial highlights include a 279 per cent year-on-year increase in gaming revenue, which came in at SEK4.1m, while total gaming sales increased 61 per cent to SEK2.8m with gaming profit up 81 per cent to SEK38m thanks to a 3.6 per cent margin achieved during the three-month period from January to March 2022.
Fantasma Games started the year with its best-ever month in terms of gaming revenue and that has been followed by two more strong months.
A key factor behind 1Q22 growth was the launch of Medallion Megaways in February via Relax Gaming’s Silver Bullet platform with the game surpassing all pre-launch expectations. Integrations with tier-one operators such as Entain, Gamesys and Veikkaus also contributed.
The acquisition of Weiner Games back in September last year paid dividends during the quarter, with the studio contributing SEK1.9m in net sales.
Other highlights during Q1 include becoming to sign the innovative streaming platform Livespins, plus launching a portfolio for social gaming with one of the fastest-growing players in the market.
Fantasma looks set to continue its record-breaking start to the year following its recent launch in the US market where its games have gone live exclusively with BetMGM in West Virginia and Michigan, with additional state and operator launches set to follow.
