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Redbet returns to loss in second quarter

30th August 2011 9:16 am GMT

Sweden’s Redbet Holding AB has ended its brief two quarter winning streak with a return to loss following a fall in second quarter revenues.

Redbet reported operating revenues of SEK15.4m for the second quarter ended June 30th, a fall of 6.7 per cent versus the same period a year ago, with gaming revenues contributing SEK14.9m (-10pc) to the total. Online poker’s contribution to gaming revenues continued to decline, now accounting for 38.5 per cent of the total [...]

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