Continuing H1 trends brings Gamesys a strong third quarter performance

Gamesys Group has documented a continuation of H1 trends in 2020’s third quarter as the organisation reports a strong quarterly performance that has come in ahead of expectations.

Despite the “unprecedented challenges” that have been well documented throughout the year, total revenue increased 31 per cent to £190m during Q3 which is due to growth in Gamesys’ active customer base.

In percentage terms, a rise in the high double digits was reported in Asia and “another solid performance” was acknowledged in the UK. In Europe, Spain was said to be continuing to make progress, while the maintenance of US momentum saw double digit top line growth.

In terms of operational highlights during the reporting period, the launch of Monopoly Casino in Spain is praised as “one of the most successful new brand initiatives in the history of the group”.

Elsewhere, Rainbow Riches Casino is said to have delivered “impressive growth” in the UK after debuting at the end of last year, which the launch of Intercasino, a second Gamesys brand in Japan,  helping to “underpin the on-going excellent performance of our Asian-facing operations”.

Furthermore, the company also asserted an “unwavering” commitment to responsible gambling, with an increased awareness of player time and spend across all sites having been developed through a combination of human and automated monitoring.

Gamesys reports an increase in players setting deposit limits, with it estimated that one third of total monthly actives in the UK in Q3 had used the function. It was also noted that over half of all sessions through UK sites do not include wagering.

Lee Fenton, CEO of Gamesys, explained: “We have performed extremely well during Q3, with strong organic revenue growth, an increasing active customer base, and solid progress made across both our core and growth markets globally. 

“Despite the challenges of COVID-19, our workforce is providing seamless business continuity as most of them continue to function remotely in line with guidance. We also remain focused on player protection, with an emphasis on proactive engagement and the promotion of responsible gambling tools. 

“Looking ahead, our portfolio of established and trusted brands, complete ownership of our technology platforms and a strong balance sheet, underpin our ability to thrive in the long term.” 

Gamesys also documented that it has made a solid start to the year’s final quarter with trends so far broadly in line with those experienced in the first nine months.