Gamesys Hits The Mark For Full Year Expectations

The season for full year reporting is upon us and following the announcement by Playtech that their full year earnings are expected to be higher than forecast Gamesys has also announced their latest trading update.

The online gambling firm that operates brands such as Jackpotjoy, Vera&John and Intercasino said that it expected its full year adjusted earnings to be at or slightly above expectations.

In the latest trading update for the year end December 2020 Lee Fenton the Chief Executive of Gamesys said the firm had delivered a “tremendous” performance in 2020.

“Our strong growth is the result of excellent execution against our strategy, a deep understanding of our player base, and our commitment to always putting players at the heart of everything that we do,” he said. “Against the backdrop of a global pandemic, our relentless focus on the sustainability of our revenue streams, coupled with ensuring player and staff wellbeing, has positioned us well to carry our considerable forward-momentum into 2021.”

Fenton went on to say that Gamesys maintained “strong and sustainable” growth during the year, completing the integration of its enlarged group, entertaining record numbers of active players, and significantly enhancing its propositions and technology platforms.

“During the year, we also delivered a maiden dividend and as we enter 2021, we are in a strong position to continue to deliver growth in the business and create value for our shareholders,” he added.