Source: Nasdaq Nordic
Global Gaming 555 is Swedish micro-cap engaged in the development and operation of online gambling sites in Sweden, Estonia and Finland, mainly through their brand Ninja Casino. During the last three years, it has been able to grow its revenues at explosive rates (79% in 2016, 372% in 2017, 100% in 2018) without using debt nor issuing shares.
Online gambling is a high growth, an asset-light and highly cash generative business whose only "maintenance capex" is marketing expense. Moreover, gambling grows even during recessions, making the business counter-cyclical.
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