Gamesys Group has announced an update on Q1 trading for the period ending March 31 and reports a strong performance in the quarter.
Total revenues were £197.8m, representing an increase of 27 per cent compared to Q1 2020. "The trends seen across our international markets have been broadly consistent with Q4 2020 and include strong growth in our two most significant regions, the UK and Asia," the company said.
"Cash generation continues to be a stand-out feature and deleveraging has continued into 2021 to further underpin our robust balance sheet."
CEO Lee Fenton commented: "Our ongoing focus on operational execution, product innovation and enhanced safer gambling that was communicated at our FY20 results has continued into 2021, culminating in another strong performance in Q1.
"Our talent base continues to grow, our technology continues to evolve and we are always learning how to serve our players with a better, fully personalised customer experience, all of which gives the board confidence in our ability to drive long-term sustainable growth."
This comes at a time when the boards of Bally's Corporation and Gamesys announced that they had reached agreement on the terms of a combination of Bally's and Gamesys pursuant to which Bally's would acquire the entire issued and to be issued ordinary share capital of Gamesys.
