London-listed online gaming operator has raised the prospect of spinning off certain business segments, or joining the wave of industry consolidation, after posting another set of disappointing financial results.

In a statement accompanying the results released today (Friday), chief executive Norbert Teufelberger conceded that “it is clear that a more fundamental approach is needed to turnaround our commercial and operational performance”.

Teufelberger said that this would require a major change to simplify the business structure in order to drive growth and to allow the company to consider “alternative financing and corporate structures in order to create additional value”.

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