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Online gaming drives revenue growth for Finland’s Ray

20th February 2013 9:02 am GMT

Finnish state-controlled gaming operator Raha-automaattiyhdistys (Ray) has reported a 4.9 per cent increase in full year revenues for 2012, with the online gaming segment recording year-on-year growth of over 66 per cent.

Ray’s 2012 revenues climbed 4.9 per cent year-on-year to €775.1m, with growth across all segments. However, a 2 per cent lottery tax increase to 12 per cent at the start of 2012 resulted in 0.7 per  cent fall in profit for the year to [...]

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