The social games Huuuge Casino and Billionaire Casino earned over $2.2 billion.

On the occasion of the tenth anniversary of the establishment of the Polish social games company Huuuge Gomes, the CEO of the company, Wojciech Wronowski, announced two social games under the banner of the British, Huuuge Casino and Billionaire Casino, with total receipts exceeding $2.2 billion.

According to Wojciech Wronowski, “the adjusted depreciation of tax and pre-amortization profits (EBITA) amounted to $24 million and the profit margin increased to 41 per cent, an increase of over 10 percentage points. This marks the continuation of over 40 per cent of our profitability for three consecutive quarters. Net operating cash flows amounted to $25 million this quarter, and Huuuge became a stable and efficient cash-producing machine.”

“D2C business continues to record a 24.6 per cent revenue in August and a 30 per cent breakthrough in the first weeks of September. The company announced the launch of a $120 million stock buy-back programme. This means that during the past four years, Huuuge will return capital to shareholders totalling $360 million. Along with the buy-back plan, we have simultaneously launched a long-term capital allocation policy that commits to returning 50-100 per cent of the annual free cash flow back to shareholders.” “The company has made significant progress in its distribution in the genuine gold lottery market,” Wojciech Wronowski emphasized, “We are good at building strong social tectonic systems, doing well in marketing, and having large-scale real-time game operations, the unique advantages that will help us succeed in the lottery”.

According to Huuuge Gomes, the first half of the Huuuge Casino and Billionaire Casino games generated $119.3 million in revenues for the company. This represents a decrease of 6 per cent, which, according to Huuuge Gomes, is in line with the weakening of the social lottery market.

The adjusted depreciation of interest and pre-amortization profits (EBITA) of Huuuge Gomes in the first half of the year increased by 19 per cent to $49.3 million over the same period, income fell by 7 per cent to $121.2 million and net profits increased by 17 per cent to $37.1 million.