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Finnish Slot Machine Association Revenues Rise
Friday August 31,2012 : FINLAND'S RAY REVENUES RISE
But net income behind. Internet gaming exceeds expectations.
The Finnish Slot Machine Association (RAY) reported a 6.1 percent rise in revenue in its HY1 2012 results this week although the company's net income fell behind due to tax increases.
Other key indicators for the period included:
- Profits of Euro 377.7 million
- Net Income Euro 198.9 million
- Gaming locales generated Euro 46.8 million in revenue
- Profits from casino games located in restaurants and gaming halls lagged behind the same period last year delivering a total of Euro 6.8 million
- Profit from Casino Helsinki reached Euro 14.3 million, an increase of 9.4 percent
The company reported internet gaming profits that "generously exceeded all expectations yielding Euro 23.1 million, an increase of 68.2 percent over last year. Online games now generate 6 percent of RAY's gaming operation revenues.
RAY's online player registration doubled over H1 2011 and now stands at around 185 000 online players.
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Gambling News :
Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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