Gamesys Announces Results for the Year Ended 31 December 2020

Gamesys Group plc has announced its financial results for the year ended 31 December 2020.

The Group’s revenue grew by 75% and 29% year-on-year on reported and pro-forma basis, respectively, due to the ongoing growth in Asia as well as a strong performance in the UK even with enhanced responsible gambling measures.

Reported adjusted EBITDA increased by 75% year-on-year and by 30% on a pro-forma basis, driven by strong revenue growth.

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Gamesys’ adjusted net income increased by 86% year-on-year and the company’s operating cash flow of £214.4m in 2020 was up from £75m in 2019.

Lee Fenton, CEO of Gamesys, said: “Despite 2020 being a year like no other, our ongoing focus on operational execution, product innovation and responsible gambling underpinned a strong performance, with pro-forma revenues increasing by 29 per cent and pro-forma adjusted EBITDA up 30 per cent.

“We continue to go from strength to strength in Asia, while the UK delivered strong double-digit revenue growth – all set against the backdrop of ongoing enhancements to our responsible gambling approach. We also remain excited by our prospects in North America, both in the US and Canada.

“Our focus on recreational customers, our differentiated brands, proprietary technology and established market positions have attracted record numbers of players in 2020 and we believe this foundation will allow us to continue to deliver sustainable and long-term growth in the year ahead and beyond.”