Finance news sponsored by SBTech
New York-listed Scientific Games Corporation has reported a 3 per cent increase in revenue to $837m for the first quarter of 2019, reflecting growth in its Lottery and newly spun off Social Gaming businesses.
Frankfurt-listed lottery provider Zeal Network has reported a 6 per cent drop in revenue to €36.5m for the first quarter of 2019 following the closure of its Lotto Network and Spanish-facing brand Ventura24.
New York-listed social gaming operator Zynga has reported a 27 per cent increase in revenue to $265m for the first quarter of 2019.
Stockholm-listed operator Betsson has reported a 10 per cent increase in revenue to SEK1.33bn (€124.1m) for the first quarter of 2019, following growth across its online casino and sportsbook products.
Stockholm-listed online lead generation specialist Catena Media has reported a 9 per cent increase in revenue to €26.1m for the first quarter of 2019.
Licensed sportsbooks in West Virginia collected total sports betting stakes of $10.3m in the month ended 27 April.
Shares in LeoVegas soared by more than 16 per cent in Stockholm Thursday after the operator posted a 12 per cent increase in revenue to €86.3m for the first quarter of 2019.
Oslo-listed Gaming Innovation Group (GiG) has reported a 13 per cent decline in revenue to €32.4m for the first quarter of 2019, which it attributed to new regulations in Sweden.
Figures released by the Office of National Statistics this week show that the gambling industry in the United Kingdom paid almost £3bn in duty during the financial year ended March 31st.
Toronto-listed iGaming solutions provider Bragg Gaming Group expects to report revenue of between CAD$8.8m and $10.4m for the first quarter of 2019, as it begins to benefit from its acquisition of Oryx Gaming in December.
London-listed betting and gaming operator Paddy Power Betfair has reported a 17 per cent increase in revenue to £478m for the first quarter of 2019, driven by strong performances from its Australian and US businesses.
