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SNAI revenues hit by Q1 sports betting decline

15th May 2012 8:35 am GMT

Italian gaming operator SNAI has reported a 10 per cent drop in revenues to €141.0m (US$181.4m) for the first quarter of 2012, following a continued decline in sports betting.

SNAI said that its first quarter results were impacted by a fall in sports betting revenues and a further contraction from its horse race betting offering. Sports betting payouts rose to 80.2 per cent during the period, compared to 77.3 per cent in the corresponding period last [...]

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