Finance news sponsored by SBTech

The second quarter of the year got off to a disappointing start for Delaware’s regulated iGaming market, as net revenue declined by 7 per cent to $188,845 for the month of April.

Shares in iGaming operator Mr Green climbed nearly 7 per cent in Stockholm Wednesday morning after the company revealed new financial targets for the year and a corporate rebrand to better reflect its profile as a high growth digital business.

Italian betting and gaming operator Snaitech has reported a 2 per cent drop in revenue to €223.5m for the first quarter of 2018, with growth in its retail betting and online divisions unable to offset a decline in its core gaming machines business.

New York-listed International Game Technology (IGT) has seen its net loss nearly double to $103.1m during the first quarter of 2018, with results impacted by higher foreign exchange losses and a provision for income taxes of $60.5m.

GIQ Magazine