Gamesys to increase geographic spread with bolt-on M&A

CEO Lee Fenton “extremely keen” to diversify revenue streams as analysts highlight over-dependency on UK and regulatory risk in Japan

Gamesys Group is targeting diversified geographic revenue and could use its strong balance sheet to finance M&A activity over the coming year. Revealing its financial results for 2020, Gamesys confirmed 2020 operating cashflow of £214.4m, up from £75m in 2019. The London-listed operator revealed it would use this cash to implement a progressive dividend policy…

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