Finance news sponsored by SBTech

Frankfurt-listed betting and gaming operator has reported record EBITDA of €13.0m for the third quarter of 2018, benefiting from increased marketing activity ahead of the FIFA World Cup.

Stockholm-listed gaming operator Cherry has reported organic revenue growth of 46 per cent for the third quarter of the year, with acquisitions driving its growth rate to 58 per cent.

New York-listed gaming supplier International Game Technology (IGT) saw its share price jump 15.87 per cent on Wednesday after posting a 4 per cent improvement in adjusted EBITDA.

Canadian provincial lottery operator Loto-Quebec has recorded a 4.6 per cent increase in revenue to CAD$1.39bn for the first six months of its fiscal year, with growth across lottery products, casino gaming and online gaming.

European lottery and sports betting operator Sazka Group has reported a 12.9 per cent increase in net gaming revenue to €599.2m for the first half of 2018, as total gross revenue climbed 12.1 per cent to €937.6m.

Recent acquisitions by online gaming operator MRG helped the company grow third quarter revenue by over 50 per cent, with strong organic growth of 36 per cent versus Q3 2017.