Yggdrasil Gaming Continues to Take the Casino World by Storm
Yggdrasil Gaming is one of the gaming world’s up and coming companies. The business creates and provides online as well as mobile casino games for companies all over the world. Beginning in 2013, Yggdrasil has managed to take the online casino world by storm. They are now one of the most highly respected companies in the industry, and their growth has not stopped yet.
Since their launch, they have won numerous awards such as the Slot Provider of the Year award in 2016 and 2017 from the B2B awards, as well as the Innovator of the Year award from the International Gaming Awards in 2017. They also won the B2B Software Rising Star award in 2016. So, Yggdrasil is making a name for themselves in the online casino gaming world.
Yggdrasil has now seen a 116% increase in their corporate revenue over the H1 period. The company credits their 24 new partner operators to this overwhelming success. The CEO of Yggdrasil had many positive comments towards this influx of revenue. Mr. Fredrik Elmqvist said, “Yggdrasil has been expanding its regulated footprint in recent months, and investments in new markets, including the UK, are now generating revenues.” Mr. Elmqvist continued saying, “It is exciting to see that these investments have proven to be bang for our buck, and it underlines our commitment to these markets as part of our wider corporate strategy.”
Many reports have shown just how much the company has expanded since its birth. The Q2 2017 showed Yggdrasil growing revenues by an immense 103% compared to the corresponding period last year. Their profit margin increased to 42%, which is outstanding for such a young enterprise. Yggdrasil’s EBITDA also grew by a remarkable 76% which puts them at £2.9m.
One of the reasons Yggdrasil has seen such overwhelming growth is because of the increase in player transactions. The company’s gamblers are expanding their operations significantly. Their rounds are operating at a 99% increase currently, reaching 1.5 billion rounds in recent months.
Yggdrasil already has a team of 143, 23 of which are new hires. The company is expanding at such a fast rate that the business is constantly having to increase their staff size, so they will most likely be making another round of hires before the end of the year.
It is very likely that this up and coming gaming company will see more growth in their future. As long as they can keep up with managing their growth, Yggdrasil will continue to prosper over the next few quarters which might reflect in the upcoming 2018 B2B and International Gaming Awards.