Yggdrasil awarded GB licence
Developer targets UK expansion in 2016 with six clients already signed
Yggdrasil Gaming, the games developer majority-owned by Cherry, has been granted a licence from Great Britain’s Gambling Commission as the operator looks to build upon the growth its enjoyed this year.
As revealed by eGaming Review last month, Yggdrasil has long targeted the Britain with CEO Fredrik Elmqvist (pictured) describing it as “a very important market for us going forward”.
Now the developer has received its licence it expects to push on with its plans, with six clients already signed in the jurisdiction.
“This is a hugely exciting next phase in our development,” Elmqvist said. “I actually believe that the UK slots market will develop like some Nordic markets have done over the past seven years.
“Quality and mobile will drive the UK slots market forward and we’re looking forward to being an active part of that,” he added.
Yggdrasil will be looking to build upon the rapid growth it enjoyed in 2015, with revenues more than quadrupling year-on-year in Q3 alone.
The firm has also been increasing headcount in a move which has seen it open a new, larger office in Krakow with room for further expansion.