The group notes that the results were ‘driven by a combination of strong momentum in the digital retail gaming sector and cost-effectiveness as the business continues to expand’
The results highlighted a 15% increase in quarterly revenue to $4.8 billion ($84.51 million) as ‘the introduction of new digital gaming products, including Arena Plus, gave Bingo Plus a stronger traction,’ the company said in a document.
The group’s EBITDA also rose 48% quarterly to $755 million ($13.3 million).
The group said it has embarked on a “strategic transition” since last year, including the launch of digital platform Bingo Plus (PAGCOR license). In February this year, it launched the digital sports book Arena Plus (PAGCOR license), which streams domestic and foreign sports events.
The group noted that at the end of Q2 23, its registered user base was ‘over 20 million’ and it had plans to ‘launch new innovative digital products’.카지노사이트 모음
Responding to the results, company president Andy Cui said, “He solidifies the strategic transformation he started a year ago. As we continue to expand our brand and introduce new products, we are confident that we can continue this upward trajectory for the rest of the year.”