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Profits rise for Finland’s RAY as iGaming contribution grows

5th October 2015 7:08 am GMT

Finland’s state-owned gaming operator Raha-Automaattiyhdistys (RAY) has reported a 2 per cent increase in revenue to €524.6m for the first eight months of the year, following growth across all of its business segments.

Restaurant casino games saw the biggest growth as revenue climbed 8 per cent to €9.3m, while its Playtech-powered iGaming offering contributed €41.3m, up 7 per cent year-on-year.

Revenue from the land-based Casino Helsinki grew 4 per cent to €19.2m, while revenue from gaming locations [...]

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