Shares in Italian gaming operator SNAI soared by more than 18 per cent in Milan on Friday after the company reported improved results ahead of expectations due to a reduction in sports betting payouts.
SNAI reported a 2 per cent increase in first quarter revenues to €143.6m, with results benefiting from an 8 per cent decline in sports betting payouts, from 80.2 per cent to 73.7 per cent.
Sports betting wagers were down 2 per cent to [...]
