Gamesys Group FY 2019 revenue up 35%

By Owain Flanders

Gamesys Group revenue was £415.1m ($501.4m) for the full-year 2019, a rise of 35% year-on-year.

Net income from continuing operations was £9.1m, down 53% from the previous year, while adjusted EBITDA was £118.2m, up 9%.

Pro-forma gaming revenue was £565.3m for 2019, a rise of 15%, and adjusted EBITDA was £158.9m, down 4%, mainly due to the impact of higher UK gaming taxes.

The operator attributed its performance to “high organic growth particularly in UK and Asia.”

Asia saw revenue growth of 137% year-on-year, reportedly driven by the operator’s momentum in Japan and B2B business.

In September 2019, JPJ, formerly known as Jackpotjoy, acquired Gamesys for a fee of £490m.

JPJ paid £250m in cash and £240m in shares in the deal, with Gamesys shareholders owning 31% of the newly formed group.

Lee Fenton, CEO of Gamesys Group, said: “I am delighted with Gamesys Group’s strong financial performance in 2019, particularly given the significant work undertaken around the acquisition and integration of the legacy Gamesys business.

“We are confident that our approach of multiple trusted brands, player centricity and a focus on the quality, rather than quantity, of content will leave us well-positioned to make market share gains.”

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