Mr Green’s new live casino offering off to lively start

Swedish online gambling operator Mr Green recorded its sixth straight quarter of higher than expected growth, with a particularly strong showing by its new live casino offering.

An interim report released Friday shows Mr Green generated revenue of SEK381m (US$43.9m) in the three months ending March 31, a 38% rise over the same period last year. Earnings grew 34% to SEK45.8m while net income was up 7% to SEK20.2m.

Mr Green CEO Per Norman credited the growth to “digitally driven customer communication” and an enhanced product offering, including the new Live Beyond Live live casino partnership with tech provider NetEnt. Norman said Mr Green’s Q1 live casino revenue was “higher than total revenue from NetEnt’s live product in 2017.”

Mr Green completed its acquisition of the primarily Nordic-facing Evoke Gaming business in early February, and Norman said “the speed of the integration process is exceeding our plan,” boosting the projected synergies from €2.5m-€3.5m to €4m. Evoke is expected to “recognize a positive result” for Mr Green in Q3.