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Newgioco sees Q2 revenue grow despite retail betting decline

22nd August 2019 5:59 am GMT

Italy-focused gaming operator and technology supplier Newgioco Group has reported a 3 per cent increase in revenue to US$9.1m for the second quarter of 2019.

Turnover was down marginally year-on-year to $99.3m, with a 76 per cent decline in retail turnover to $10.6m offset by a 61 per cent increase in online turnover to $88.6m.

A total of $89.1m was paid out to players in winnings during the quarter, helping Newgioco generate gross gaming revenue of $10.2m [...]

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