Stockholm-listed gaming operator Betsson has reported a 10 per cent increase in first quarter revenue to SEK1.21bn (approx. €116m), although a combination of factors led to a 12 per cent decline in operating income for the period.

Excluding acquired businesses, first quarter revenue growth amounted to 4 per cent.

The company's casino segment recorded the strongest growth during the period as revenue climbed 12 per cent year-on-year, while sportsbook revenue grew by 5 per cent, with sportsbook margin after free bets climbing from 6.1 per cent a year ago to 6.6 per cent in Q1 2018.

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