Financial news sponsored by TXODDS

Sweden’s Betsson has warned that operating profit could fall by as much as 34.5 per cent during the second quarter of 2016, with results negative impacted by lower sportsbook revenue and unfavourable exchange rate fluctuations.

Toronto-listed iGaming supplier NYX Gaming Group has agreed a CAD$10.5m private placement offering with a private investor, which will be used to settle in part amounts owing by its US subsidiary to another investor.