The Malmö-based online gambling company recorded a nearly 100,000% revenue growth over the past four years

Swedish online gambling company Global Gaming has been crowned its homeland’s fastest growing technology company. Global Gaming landed the top spot in Deloitte’s Sweden Technology Fast 50 list, after registering a 97,982% growth over the past four years, which represents a new record for the Swedish Fast 50.

The winner’s of the Sweden Fast 50 ranking were announced at a special award ceremony that took place yesterday. Deloitte’s Technology Fast 50 list ranks Swedish tech companies based on their revenue growth over a four-year period. The list includes both private and public companies from different technology fields.

Global Gaming, this year’s winner, is a Malmö-headquartered online casino company. It runs a number of online casinos, with Ninja Casino being its flagship operation. Viking Slots, SpelLandet, and NettiCasino are some of the other brands operated by the company. With additional offices in Malta and Estonia, Global Gaming operates in a number of international markets, but is mostly focused on the Nordics.

The company generated revenue of SEK458 million in 2017, which reflected a growth of 97,982% over the past four years. Global Gaming entered Deloitte’s list of Sweden’s fastest growing companies for the first time this year.

Media and entertainment companies occupied the top 5 spots in the ranking and they were all newcomers to it. Other gambling businesses that were included in the list were casino game developers and suppliers ELK Studios and Thunderkick, which ranked 4th and 16th, respectively, as well as gambling group Cherry, which ranked 34th. All three companies are based in Stockholm.

The announcement about Global Gaming topping the Sweden Technology Fast 50 list arrives shortly after the company revealed that it would terminate its white label operations in order to be able to focus more of its efforts and attention on its B2C business.

Global Gaming’s white label branch would cease operations during the current quarter. The company said in a statement from earlier this month that it would cease generating revenue from those operations beyond the end of the year. As mentioned earlier, Global Gaming will instead be focusing its attention on its B2C offering, including the Ninja Casino and the SpelLandet brands.

In a statement, CEO Joacim Möller has explained that B2B only accounted for a small portion (around 2%) of their revenue for the third quarter of the year, and that that particular business no longer justified the cost of running, maintaining, and developing and was no longer consistent with their growth strategy.

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