Shares in online gaming operator Mr Green & Co fell by more than 11 per cent in Stockholm Wednesday after the company revealed a net loss of SEK4.7m for the second quarter of 2016.

While revenue rose 8 per cent to SEK211.2m during Q2, the company’s bottom line was impacted by a 72 per cent increase in cost of services to SEK70.2m, as a result of higher betting duties and its investments in live casino and the launch of its new sportsbook.

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