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Finland’s RAY Eyes Online Growth as 2009 Profit Falls

12th February 2010 8:55 am GMT

As the state-owned gaming operator prepares for the launch of its online gaming offering later this year following recent amendments to its licence by Finland's Ministry of Home Affairs, Raha-automaattiyhdistyksen (RAY) has reported a marginal drop in total revenues to €650.8 million for the 2009 financial year.

The company said that the revenue decline was a result of the general economic recession which specifically impacted gaming revenues in restaurants and at the Grand Casino Helsinki, the [...]

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