Financial News

Stockholm-listed gaming operator and B2B supplier Cherry has reported a 44 per cent increase in revenue to SEK3.24bn in 2018, benefiting from strong growth during the final quarter of the year.

Stockholm-listed gaming operator LeoVegas has reported a 25 per cent increase in revenue to €84.5m for the final quarter of 2018, with its Royal Panda and Rocket X brands contributing nearly a quarter of the total.

Stockholm-listed sports betting technology provider Kambi has reported a 14 per cent increase in revenue to €21.7m for the final quarter of 2018, benefiting from the first full quarter of trading in the growing US sports betting market.

Oslo-listed Gaming Innovation Group (GiG) has recorded a net loss of €16.1m for the final quarter of 2018 after incurring impairment charges of €13.7m relating to four of its B2C brands.

Stockholm-listed gaming operator Kindred Group has recorded a 20.8 per cent increase in gross winnings revenue for 2018 with growth of 5 per cent in the final quarter.

New York-listed gaming and racing operator Penn National Gaming has reported a 50 per cent increase in net revenue to $1,155.3m for the final quarter of 2018.

Stockholm-listed casino games developer NetEnt has reported a 9.5 per cent increase in revenue to SEK465.4m for the final quarter of 2018.

Stockholm-listed performance marketing specialist Catena Media has reported a 36 per cent increase in revenue to €27.3m for the final quarter of 2018.

New York-listed gaming supplier Inspired Entertainment has posted a 2 per cent decline in revenue to US$30.7m for its financial quarter ended December 31st.

Swedish gaming operator Svenska Spel has reported a 4 per cent drop in net gaming revenue (NGR) to SEK2,390m (€229.2m) for the final quarter of 2018, despite seeing continued growth from its online business.