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Snaitech posts first half profit despite retail betting decline

7th August 2017 7:02 am GMT

Milan-listed betting and gaming operator Snaitech has reported a 1 per cent drop in revenue to €437.7m for the first half of 2017, despite seeing growth in its gaming machines and online businesses.

Total stakes were down 2.5 per cent to €5.22bn, with retail betting stakes falling 5 per cent to €612m. Within this segment, sports betting was up 3 per cent, offsetting a 14 per cent decline in horse race betting and a 15 per [...]

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