Gamesys posts strong first quarter ahead of Bally’s takeover

Finance News

Gamesys Group has announced an update on Q1 trading for the three month period ending 31 March 2021.

The Group reported a strong performance in Q1 2021, with total revenues of £197.8m representing an increase of 27% 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.

Cash generation continues to be a standout feature and deleveraging has continued into 2021 to further underpin our robust balance sheet.

Lee Fenton, Chief Executive Officer, Gamesys Group plc, 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.”