Finance news sponsored by SBTech

Stockholm-listed gaming operator and B2B supplier Cherry has increased its second quarter profit six-fold following a 41 per cent rise in revenue to SEK753m (€72.3m) for the quarter.

London-listed online bingo-led operator JPJ Group has reported a 10 per cent increase in revenue to £161.1m for the first half of 2018, with the company now looking to focus solely on its core real-money gaming offering following the sale of its social business for £18m.

Toronto-listed betting and gaming operator The Stars Group has reported a 35 per cent increase in total revenue to US$411.5m for the second quarter of 2018, benefiting from the first full quarter's contribution from its recent acquisitions in Australia.

Hong Kong-listed lottery and games provider AGTech Holdings has reported a 14 per cent increase in revenue to HK$61.7m (€6.6m) for the first half of 2018, following strong growth from its Asian-facing lottery business.

New York-listed supplier Inspired Entertainment has reported a 14 per cent increase in revenue to $36.9m for its financial third quarter ended June 30th, as the company prepares to launch virtual sports with the Pennsylvania Lottery later this week.

GIQ Magazine Digital Edition