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Raketech eyes M&A for further expansion after 2019 struggles

20th February 2020 9:13 am GMT

Stockholm-listed iGaming affiliate Raketech has reported a 6.5 per cent drop in revenue to €23.9m for the full 2019 year, with results impacted by the re-regulation of the Swedish gaming market at the start of the year.

The company said that its results was negatively impacted by declining player values in Sweden during 2019, with revenue for the final quarter of the year down 23 per cent to €5.8m and new depositing customers (NDCs) declining 22 per cent to 28,002.

“Looking back at [...]

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