Business Technology

Thursday 28 August 2014

GameAccount Network announces higher revenues and profit

Published 30/04/2014 | 07:22

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Dermot Smurfit Jnr
Dermot Smurfit Jnr

Software and gaming firm GameAccount Network has announced an over £5m increase in profits to £12.3m for year end December.

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It also said pre-tax profit increased to £1.6m in the same period, compared with a loss the previous year.

Its admission to the AIM and ESM raised £15m which will be used to accelerate growth.

GameAccount also announces a partnership with Empire City Casino today.

“2013 was a transformational year for GameAccount Network. Net revenue has more than doubled and EBITDA increased from £0.3m to £4.1m," said Dermot Smurfit.

"We have made real progress in delivering on our strategic initiative to develop

sustainable higher margin revenue streams while positioning the Group for growth in regulating markets."

 

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