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RAY results continue to be hit by Finnish economy struggles

26th September 2014 7:58 am GMT

Finland's state-controlled gaming operator Rahaautomaattiyhdistys (RAY) has reported a 2 per cent drop in revenue to €512.3m for the first eight months of 2014, with results impacted by the continuing struggles of the Finnish economy.

The company’s land-based casino, Casino Helsinki, was the only one of RAY’s distribution channels to post year-on-year growth during the period, with revenue up 1 per cent to €18.5m.“The reduced purchasing power of citizens had an increasing impact on the [...]

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