Disappointing year for RAY

It’s been a tough 2014 for Finnish gambling operator RAY, which this week reported a 1.9 percent year-on-year drop in revenues to Euro 776 million due to “challenging” local market conditions.

The decline impacted all of the company’s products, with the key retail activity particularly hard-hit,
revenues falling 2.1 percent to Euro 581 million.

The digital vertical delivered zero growth and will be the subject of a review regarding marketing strategy.

Managing director Velipekka Nummikoski commented:

“In 2015, RAY will continue to systematically implement its strategy in an efficient and responsible
manner.”