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Tangelo Games sees revenue decline in Q1

1st June 2017 7:17 am GMT

Toronto-listed social casino operator Tangelo Games has seen its revenue for the first quarter fall by 17.3 per cent versus a year ago, as it continues to seek a transaction that will improve its capital structure and benefit shareholders.

Tangelo reported revenue of CAD$8.99m for the first quarter of 2017, down from $10.86m a year ago, as monthly paying user numbers fell by 3,000 to approximately 56,000 users.

The company has suffered from a slow transition to [...]

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