Finance news sponsored by SBTech

London-listed operator Stride Gaming has said that net gaming revenue for its financial year ended August 31st will be at least 3.6 per cent ahead of last year at around £85m, although higher taxes and a £4m penalty provision for UK regulatory failings will impact the bottom line.

London-listed digital marketing specialist XLMedia has reported a 13 per cent decline in revenue to US$59.1m for the first half of 2018, with the company attributing the decline to regulatory developments in online gambling.

London-listed iGaming software provider GAN expects to report record revenue in 2019 due to the recent launch of online sports betting in the US and its current sales pipeline, although the company warned that results this year would be impacted by operational delays in New Jersey and Pennsylvania.

London-listed betting and gaming operator GVC Holdings has reported an 8 per cent increase in net gaming revenue (NGR) to £1.72bn for the first half of 2018, following continued strong momentum in its Online and European Retail businesses.