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Finland’s RAY profits from online gaming launch

18th February 2011 9:03 am GMT

Finland's state-controlled gaming operator Rahaautomaattiyhdistys (RAY) said that it earned a profit of €382.2m for the full 2010 year, of which €2.4m was generated in just one month from its Playtech-powered online gaming service which launched at the end of November last year.

Finland’s RAY said that gaming revenues were up 4 per cent to €674.5m during the year, following growth in the company’s primary slot machines product offering, up by 5 per cent year-on-year. Slot [...]

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