Stockholm-listed online gaming operator Unibet has reported first quarter gross winnings revenue of £76.1m, down from £76.5m a year ago, with currency exchange fluctuations negating underlying organic growth of 15 per cent in constant currency.

The company said Wednesday that if reported in Swedish Krona, gross winnings revenue for the period would have increased by more than 17 per cent, and by more than 20 per cent when excluding Kambi’s Q1 2014 contribution.

The strong performance was led by sports betting, which saw revenue grow by 7.5 per cent year-on-year, despite the negative impact of currency movements.

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