Finance news sponsored by SBTech

Spain’s regulated iGaming market enjoyed a strong end to 2017, with gross gaming revenue (GGR) across all major products climbing 38 per cent to €173.3m during the final quarter of the year.

Australian betting and gaming giant Tabcorp Holdings has reported a 58 per cent drop in net profit in its financial first half period ended December 31st, with costs of more than AUD$52.2m relating to the struggling UK-facing Sun Bets business weighing on the bottom line.

Stockholm-listed operator Betsson has reported a 15 per cent increase in revenue to SEK4.72bn (€478.4m) for the full 2017 year, driven by its casino vertical which contributed 73 per cent of the total.

London-listed betting and gaming operator Ladbrokes Coral Group has reported a 4 per cent increase in net revenue for 2017, helping to deliver an operating profit at the top end of management expectations.

GIQ Magazine