Stockholm-listed sports betting solutions provider Kambi has seen momentum generated in the second half of 2017 continue into the first quarter of 2018, with revenue and profit both growing year-on-year.
It was a tough start to the year for iGaming investors as the 50 operators and suppliers which make up the Gaming Intelligence Stock List saw their combined share prices fall by 12.73 per cent during the first quarter of 2018.
Stockholm-listed iGaming operator Kindred Group has reported a 36 per cent increase in gross winnings revenue to £207.8m in the first quarter of 2018, benefiting from a record high number of active customers.
French gaming operator Pari Mutuel Urbain (PMU) has reported a 1 per cent drop in turnover to €2.52bn for the first quarter of 2018, with its core horse racing offering impacted by adverse weather conditions.
Stockholm-listed gaming operator Betsson has reported a 10 per cent increase in first quarter revenue to SEK1.21bn (approx. €116m), although a combination of factors led to a 12 per cent decline in operating income for the period.
Stockholm-listed casino supplier NetEnt has reported a 9 per cent increase in revenue to SEK430m (approx. €41.3m) for the first quarter of 2018, with profit for the period climbing 27 per cent year-on-year.
Stockholm-listed live dealer specialist Evolution Gaming has reported a 30 per cent increase in revenue to €51.6m for the first quarter of 2018, representing the company's 18th consecutive quarter of growth.