Gamesys Group PLC Pre-close Trading Update for FY20 (3154L)
12 January 2021 - 6:00PM
UK Regulatory
TIDMGYS
RNS Number : 3154L
Gamesys Group PLC
12 January 2021
Gamesys Group plc
Pre-close Trading Update for FY20
LONDON (UK), 12 January 2021 - Gamesys Group plc (LSE: GYS) (the
'Group', 'Gamesys') announces today an update on trading as it
enters the close period in respect of its Full Year results for the
year ending 31 December 2020.
After a continued strong performance in Q4, the Board is
confident that the Group will report FY 2020 Revenue and Adjusted
EBITDA at, or above, the upper end of current market expectations
for the period. Following the transformative merger to create
Gamesys Group plc in 2019, the integration of operations has
progressed as expected, despite the unprecedented challenges
presented by the COVID-19 pandemic. An outstanding operational
performance has been underpinned by our intensified focus on
responsible gambling and prioritising the health and wellbeing of
our players as well as our employees.
Lee Fenton, Chief Executive Officer, Gamesys Group plc,
commented:
"Gamesys has delivered a tremendous performance during 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. 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. We
maintained strong and sustainable growth during 2020; a period in
which we completed the integration of our enlarged Group,
entertained record numbers of active players, and significantly
enhanced our 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."
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation EU 596/2014 as it forms
part of retained EU law (as defined in the European Union
(Withdrawal) Act 2018). The person responsible for arranging for
the release of this announcement on behalf of the Company is Dan
Talisman, Chief Legal Officer and Company Secretary.
About Gamesys Group plc
Gamesys Group plc is the parent company of an online gaming
group that provides entertainment to a global consumer base.
Through its subsidiaries, Gamesys Group plc currently offers bingo
and casino games to its customers using brands which include
Jackpotjoy ( www.jackpotjoy.com ), Virgin Games (
www.virgingames.com ), Botemania ( www.botemania.es ),
Vera&John ( www.verajohn.com ), Heart Bingo (
www.heartbingo.co.uk ), Monopoly Casino ( www.monopolycasino.com )
and Rainbow Riches Casino ( www.rainbowrichescasino.com ). For more
information about Gamesys Group plc, please visit
www.gamesysgroup.com .
Enquiries
Gamesys Group plc
Jason Holden, Director of Investor Relations
+44 (0) 207 478 8150
jason.holden@gamesysgroup.com
Finsbury
James Leviton
Robert Allen
+44 (0) 207 251 3801
gamesysgroup-LON@finsbury.com
Notes
Certain statements made in this announcement are forward-looking
statements. Such statements are based on current expectations and
are subject to a number of risks and uncertainties that could cause
actual events or results to differ materially from any expected
future events or results referred to in these forward-looking
statements. Unless otherwise required by applicable law, regulation
or accounting standard, we do not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future developments or otherwise.
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