Stockholm-listed operator Global Gaming has posted a net loss of SEK41.5m (approx. €3.9m) for the first quarter of 2019, as revenue fell by 18 per cent to SEK162.1m during the period.

The company said that revenue was negatively impacted by technical issues in January, as well as new regulations in Sweden which introduced “fundamental changes” to the market.

“This is of course disappointing for all of us,” said Global Gaming’s newly appointed acting-CEO Tobias Fagerlund, who replaced Joacim Möller earlier this month. “However, my most important message in this report is that I, the management and the board believe in the future.

Premium subscribers continue here to the full article.


GIQ Magazine Digital Edition