Swedish Online Gambling Operator Enlabs Posts Record Revenue In Q3

Swedish Online Gambling Operator Enlabs Posts Record Revenue In Q3

Sweden-based, online gambling operator Enlabs has reported record revenue for the third consecutive quarter. The gambling operator grossed over €10m(£8.6m/$11.1m) in revenue for the first time.

Enlabs’ total revenue jumped 32% year-on-year for the third quarter. While the gambling operator took in €9.2m from gaming revenue, up 39% year-on-year, on €194.8m worth of wagers.

Commenting on the third consecutive successful quarter, Robert Andersson, chief executive and group president at Enlabs said “It never gets old starting with my opening line ‘Our best quarter yet.”

Casino gaming chipped in the majority of revenue with €5.7m. The casino gaming figures represent a 58% year-on-year growth.

The company’s betting revenue was €2.9m on a €32.6m handle. The figure represented a 7.4% revenue increase when compared with the figures for the same period the previous year.

“Now, we are preparing the organization for the next phase of aggressive growth – executing plans to launch new brands on our new platform and entering new markets,” Andersson said. “2020 will certainly be an even more exciting year in company history.”

The majority of the gambling operator’s revenues came from its operations in the Baltic region.

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