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Newgioco sees third quarter revenue slip to $6.8m

20th November 2019 7:14 am GMT

Italy and US-facing betting and gaming operator Newgioco Group has reported a 14 per cent decline in revenue to $6.8m for the third quarter of 2019.

The company grew total gaming handle by 32 per cent to $115.9m in Q3, although revenue growth was negatively impacted by high comparables in the prior year period due to the FIFA World Cup, as well as increased gaming taxes in Italy since the start of the year.

Newgioco reduced total costs and expenses [...]

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