Second-quarter financial success for Fantasma Games AB

Emerging Swedish online casino games developer Fantasma Games AB has revealed that its net second-quarter sales increased by a whopping 396% year-on-year to reach nearly $748,460.

The Stockholm-headquartered innovator used an official press release published by European Gaming Media and Events to detail that this extraordinary performance included results from its Weiner Games subordinate to push its aggregated gaming revenues for the three-month period up by 314% year-on-year to approximately $629,230. The enterprise moreover detailed that its own second-quarter sales totalled almost $539,500 while those from its Bulgarian subsidiary had topped $208,000.

Rising reputation:

Established in 2016, Fantasma Games AB is responsible for a portfolio of over 20 online casino titles that are utilized by some 200 iGaming operators in 50 countries across the world. The enterprise with its ‘slots beyond gambling’ tag-line also asserted that the ‘main driver of growth’ during the second quarter was an ‘increase in total gaming turnover’, which jumped by 120% year-on-year to about $143.6 million, alongside an associated 269% rise in gross receipts to nigh on $8.3 million with an improving 5.9% margin.

Effectual enterprise:

Fantasma Games AB disclosed that this performance allowed it to deliver nearly $107,700 in second-quarter earnings before interest, tax, depreciation and amortization, which represented a considerable boost on the $99,700 loss it chalked up for the same three-month period in 2021. The developer furthermore noted that it is now a profit-making company with its aggregated yield for the first six months of this year standing at something like $59,800.

American adventure:

Fredrik Johansson serves as the Chief Executive Officer for Fantasma Games AB and he used the press release to divulge that his firm had a busy second quarter that included entering the embryonic iGaming market of the United States via a deal with BetMGM. The experienced executive stated that his company’s Wins of Nautilus Megaways and Bounty Showdown video slots are now live with this ‘tier-one operator’ for the enjoyment of online casino aficionados in the states of Pennsylvania, West Virginia and Michigan.

Powerful partnerships:

Johansson additionally asserted that his company has ‘strengthened its position in core markets’ such as Italy, Canada and the United Kingdom by undertaking ‘exclusive launches’ with prominent operators such as Flutter Entertainment and this provider’s Paddy Power, PokerStars, Betfair and SkyBet brands.

Read a statement from Johansson…

“What a quarter it has been for Fantasma Games AB as we have driven growth across all key performance indicators, which is a testament to the popularity and performance of our games in regulated markets around the world. This growth has come from continuing to deliver slots that take the experience to the next level while entering new markets and signing exclusivity agreements with power players in our core jurisdictions. 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.”