Finland’s Veikkaus posts Q1-2018 results

Finnish state-owned gambling conglomerate Veikkaus has posted its Q1-2018 report showing a marginal 1 percent decline in sales at Euro 805.6 million but revenue up 2 percent at Euro 256 million.

Drilling down into the numbers reveals that lottery and keno sales rose 4.2 percent to Euro 303.5 million; sports and race betting revenue slipped 3.8 percent at Euro 149 million; slots revenue rose 6.7 percent to Euro 207 million; online stakes on sports betting rose marginally, but performed better than the retail betting performance, which fell 14.6 percent in year-on-year terms.

Overall digital revenue contributed 44 percent of all sales, rising 10 percent year-on-year, with weekly active online punters increasing almost 11.5 percent to 626,000.

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