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Raketech shares slump on Q3 revenue and profit decline

21st November 2019 8:45 am GMT

Stockholm-listed iGaming affiliate Raketech has reported a 15 per cent fall in revenue to €6.0m for the third quarter of 2019.

The company said that the weaker revenue was due to continuing challenges in the Swedish market and lower revenue from Pay-n-Play casinos.

Casino represented two-thirds of Q3 revenue but was down from an 82 per cent share a year ago, with sports betting accounting for 27.5 per cent and other products the remaining 5 per cent.

Raketech’s [...]

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