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Yggdrasil Q3 2018 financial update
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Business highlights Q3 2018 (Q3 2017)
- 13 new license agreements signed (10)
- 3 new games launched: Penguin City, Hanzo’s Dojo and Wolf Hunters (3). Launch event for Nitro Circus – Yggdrasil’s first ever branded game partnership
- UK legal entity created, certified to launch in Spain, entry into Czech Republic through Tipsport agreement and entry into Taiwan with social gaming operator XSG
- Launch of casino games fan site (Yggdrasil Casino)
- Number of FTEs 272 (170)
- Player rounds increased by 51% to 1,534 million (1,019 million)
- Mobile share of EGW was 65% (59%)
Financial highlights Q3 2018 (Q3 2017)
- Total operating revenues increased by 62% to MSEK 71.5 (44.1)
- EBIT increased by 26% to MSEK 19.3 (15.3)
- EBIT margin amounted to 27% (35%)
Financial highlights January-September 2018 (January-September 2017)
- Total operating revenues increased by 66% to MSEK 195.8 (117.9)
- EBIT increased by 21% to MSEK 49.7 (41.2)
- EBIT margin amounted to 25% (35%)
Notable events after the quarter
- Signed ATG and Svenska Spel in Sweden ahead of the re-regulation in 2019. Also signed Veikkaus in Finland
- Kick-off in Poland for all employees
Comment on Q3 2018 by founder and CEO Fredrik Elmqvist
“On behalf of the whole team at Yggdrasil I am pleased to announce yet another eventful quarter characterized by continued expansion and signing of several new partnerships. End user activity measured by player rounds reached 1,534 million during the quarter, representing an uptick of 51% from the same period last year. Revenues for the quarter grew by 62% compared to 2017 to MSEK ~72and EBIT by 26% to MSEK ~19, representing an EBIT margin of 27% while being in a high growth mode. We continued to fully emphasize our expansional focus by making investments for the future, both in the business and into new products.
During the quarter we signed several high-profile customers and our very first social gaming partnership in Asia through a deal with Taiwanese operator XSG. In Europe we signed among other Tipsport in the Czech Republic, Intralot in Italy and became certified in Spain – all important building blocks of our long-term strategy and commitment to expand our regulated market footprint. I am also thrilled to announce that we have signed with ATG and Svenska Spel in Sweden and Veikkaus in Finland after the close of the quarter. We have also established a local presence in the highly important UK market to improve our commercial reach to new candidates for our YGS Masters program.
The third quarter was also active in terms of business development and investments in new products. We continued to grow the organisation and have welcomed 29 new Yggdrasilians during the quarter and the total number of employees now amount to 272 – up by 102 from the end of the same period last year! I am delighted to steer such a diverse team of world class talent, where people are encouraged to challenge both themselves and Yggdrasil in a truly open and multinational environment. On the product side we have ramped up our games development phase and we have more games in the pipeline than ever before, while we continue to stay true to our DNA by only bringing the best content to the market and not losing focus on quality.
With the first nine months of the year behind us I am excited on the opportunities and challenges ahead. We continue to put full emphasize on growth and making investments into the organisation to stay at the forefront as a true industry innovator and to pave the way for our continued journey.”
Fredrik Elmqvist, Malta, October 2018
About Yggdrasil:
Yggdrasil is a provider of superior online gaming solutions for igaming operators. The business was founded in 2013 and has since emerged as one of the industry’s most respected and acclaimed suppliers. Yggdrasil operates a highly scalable business model and covers three product verticals: Casino Slots, Table Games and Bingo, in addition to the business verticals: Yggdrasil White Label Studios, YGS Masters and Yggdrasil Dragons. Since its inception, Yggdrasil has embarked on a solid growth trajectory enabled by a strong corporate culture focused on innovation, creativity, quality and technology leadership. Yggdrasil is headquartered in Sweden and has offices in Malta (operational HQ), Poland and Gibraltar.
Source: Latest News on European Gaming Media Network

Leading games developer, Incentive Games is proud to announce the official launch of ‘Prize Matcher’ a daily free-to-play game for bet365 in New Jersey and Pennsylvania. This expansion marks a significant milestone in bet365’s ongoing commitment to delivering innovative, engaging gaming experiences for players in regulated U.S. markets.
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The post appeared first on European Gaming Industry News.
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New football tournament is part of iGB L!VE’s London iGaming Week
iGB L!VE will be underscoring its status as one of the industry’s most popular business, networking and social igaming events this year following confirmation that it has teamed up with the LatAm Media Group to stage the first London LMG Futbol Experience.
Taking place on Friday 4th July at the BallerZ Dome in Bluewater, the live-streamed 6-a-side tournament will be played on a state of the art 5G pitch with games officiated by fully qualified referees.
With free transportation provided to and from ExCeL London, a journey which takes less than 35 minutes, the day’s activities will run from 1pm – 10pm and comprise a host of networking opportunities and events including lunch and a prize giving cocktail reception as well as a post-match poker tournament.
Expanding on the day’s activities, Agustin Cikes COO and Jorge Gomez, CEO of LatAm Media Group said: “This will be the 14th LMG Futbol Experience with previous editions being staged in Argentina, Brazil, Colombia, Mexico, Peru and Spain. The mix of competition and camaraderie sits at the heart of the LMG Futbol Experience and we are looking forward to bringing the excitement and competitive fun of our Latin American events to London. To be able to hold the tournament alongside iGB L!VE represents a true milestone.”
Welcoming the opportunity to deliver another high profile event as part of iGB L!VE’s London iGaming Week, Global Portfolio Director Naomi Barton noted: “London is the birthplace of igaming so it’s totally appropriate to hold a prestigious industry tournament in the country which was the birthplace of football!
“It’s fantastic to able to work with LatAm Media Group to celebrate the relocation of iGB L!VE to London and create a series of social events to complement all the business lead generation and networking activities that will be available on the iGB L!VE show floor. July’s edition will not only be the largest iGB L!VE on record but also the most valuable and inspirational for our customers, as the event continues to provide an ultra-professional environment in its new London home, right at the heart of the igaming community”.
To enter a team in the LMG Futbol Experience and/or take advantage of the tournament branding and sponsorship opportunities contact Agustin Cikes at [email protected]
iGB L!VE (2nd– 3rd July, ExCeL London) will welcome a projected 15,000 igaming and affiliate pioneers, helping businesses throughout the online gaming ecosystem to navigate an ever-changing landscape via networking opportunities, cutting-edge innovations and crucial market knowledge-sharing. To register for the first edition of the show to be held in London visit: igblive.com
The post New football tournament is part of iGB L!VE’s London iGaming Week appeared first on European Gaming Industry News.
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AGS Grows Slot Strategy Team with the Addition of Dan Marcus as Vice President of Product Management
AGS (NYSE: AGS), a leading supplier of high-performing slot, table, and interactive products and services to the global gaming industry, today announced the appointment of Daniel “Dan” Marcus as Vice President of Product Management. Marcus will report to Mark DeDeaux, Senior Vice President and General Manager of Slots, and work together with Jackson Floyd, Vice President of Slots, to tackle strategic objectives across the slot products business.
In this role, Marcus will serve as a critical bridge between AGS’ R&D and Sales teams, aligning product strategy and execution across departments. He will lead the full lifecycle of AGS’ slot portfolio—from roadmap development and market release planning to product catalog management and sales enablement. He will also oversee cross-functional alignment across engineering, business development, and marketing to support go-to-market readiness. His responsibilities include managing AGS’ slot footprint throughout North America.
“Dan is a strategic product leader with a deep understanding of both the operational and analytical sides of the gaming business,” said DeDeaux. “His ability to connect product vision with market needs makes him the right person to help accelerate our momentum. As we scale our portfolio and expand into new markets, Dan’s leadership will be critical to driving the next phase of AGS’ growth.”
With over 20 years of experience in the gaming industry, Marcus has held leadership roles at IGT, Bally Technologies, DraftKings, Hard Rock Digital, Hard Rock Hotel & Casino and Harrah’s Entertainment. He has consistently led high-impact initiatives across product development, performance analytics, and go-to-market strategy. His past work includes overseeing commercial strategy for IGT’s premium segment and founding Bally’s performance consulting group.
The post AGS Grows Slot Strategy Team with the Addition of Dan Marcus as Vice President of Product Management appeared first on European Gaming Industry News.
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