Latest research from SEB (Skandinaviska Enskilda Banken)

Through its PayNPlay solution and strong brand proposition, the company has managed to break into the highly competitive Nordic online casino market through its flagship brand, Ninja Casino.

Management now aspires to strengthen its position and the roadmap for expansion comprises product expansion, geographical expansion, and organic growth through new brands or acquisitions. With a growing cash position and debt-free balance sheet, the company may mix organic growth with acquisitions and build a range of brands.

Link to research