Finance news sponsored by SBTech

Portugal’s regulated iGaming market saw gross gaming revenue rise by 47 per cent year-on-year to €37.3m for the second quarter of 2018, following a strong performance from both the online casino and sports betting verticals.

Stockholm-listed gaming operator and B2B supplier Cherry has increased its second quarter profit six-fold following a 41 per cent rise in revenue to SEK753m (€72.3m) for the quarter.

London-listed betting technology provider Sportech has reported a 6 per cent decline in revenue to £31.6m for the first half of 2018, with attention now focused on the opportunities in the burgeoning US sports betting market.