Stockholm-listed gaming operator Betsson has said that its financial performance in the second quarter of 2016 did not live up to expectations, having seen revenue increase by only 9 per cent to SEK935.4m (approx. €98m) due to lower sportsbook margins and exchange rate fluctuations.
Operating income fell by 26 per cent to SEK158.3m during the quarter, in the mid-range of its recent guidance, with unfavourable currency fluctuations costing the business SEK23.5m.
“Many factors made the quarter challenging; primarily unfavourable currency effects, lower [...]
