Finance news sponsored by SBTech

New York-listed social games developer Zynga has reported a 7 per cent increase in revenue to $208.2m for the first quarter of 2018, with the company delivering its highest mobile audience in over four years.

Oslo-listed Gaming Innovation Group (GiG) has announced a strong first quarter with revenue increasing by 62 per cent increase to €37.3m, with company also confirming plans to list on NASDAQ Stockholm.

Stockholm-listed gaming operator Cherry has grown first quarter revenue by 26 per cent to SEK681.0m (€64.0m), with revenue growth on an organic basis amounting to 25 per cent.

Sweden's state-owned gaming operator Svenska Spel has reported a 1 per cent increase in net gaming revenue to SEK2,187m (€209.9m) for the first quarter of 2018, buoyed by a strong performance from the company’s online channel.

Shares in Paddy Power Betfair fell by more than 6 per cent early Wednesday after the London-listed betting and gaming operator revealed a 2 per cent decline in revenue to £408m for the first quarter of 2018.

GIQ Magazine