Fantasma Games, a developer of slots, has seen a 314 percent increase in gross gaming revenues (GGRs) year over year for Q2 and a nearly 400% rise in net sales.
Second quarter gross domestic product (GGR) was SEK 6.3% ($622,338), an increase from SEK 1.5m a year ago. It also contributed to EBITDA.
As a result of its triple-digit revenue growth, Fantasma’s EBITDA for Q2 totalled SEK 1.1m, up from a SEK 1m loss last year.
An increase in total gaming turnover was cited as a “main driver of growth.” This amounted to SEK 1.4bn, up from SEK 655m for a 120% rise. From SEK 1.5m to SEK 396m, net sales increased 396% to SEK 7.5m.
The quarter, which Fantasma called “busy,” saw Founder Fredrik Johansson reprise the role of CEO. Also, the company entered the US in Q2.
Johansson commented: “What a quarter it has been for Fantasma Games. Our games are well-respected and perform in all regulated markets. We have achieved growth on every KPI.
“This growth has come from continuing to deliver slots that take the experience to the next level, but also through entering new markets and signing exclusivity agreements with power players in our core jurisdictions.”
Fantasma’s GGR for Q2 brings its half-year total to SEK 14.3m, an increase of 450% from SEK 2.6m. On a year over year basis, H1 net sales have increased by 373%.
“This is a fantastic start to a year that has great potential, and I and the rest of the team look forward to an equally successful six months ahead,” Johansson added.
Okada claims son “manipulated” into turning against him Kazuo Okada, known by his employees as ‘Daddy O,’ has claimed his son Tomohiro is being manipulated by Universal Entertainment Corp (UEC), the company…
Following the Macau casino industry’s worst month since the Covid-19 pandemic began, the team at Gambling Insider debates whether now is actually a good time to invest in the gambling…