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FINNISH SLOTS MONOPOLY HAS A GOOD 2010
Posted 2/20/11: Entry into online gambling market late last year has still to seriously impact the numbers
Finland's state gambling monopoly RAY (Rahaautomaattiyhdistys), which extended its land gambling interests by entering the online sector late last year, published its 2010 numbers this week, recording a useful 3.7 percent growth in revenues to Euro 674.5 million - up Euro 24 million on the 2009 results.
Seventy nine percent of those revenues came from slot action, which contributed Euro 536 million to the revenue stream from just over 17 000 slot machines in 7 747 land locations.
Those overall figures can be expected to grow significantly as the company's venture into online gambling in partnership with software developer Playtech gathers momentum. Launched in November 2010, revenues from this new enterprise had already achieved a profit of Euro 2.4 million when the company closed its books for 2010.
The group profit at RAY last year grew Euro 7.1 million to Euro 382.2 million, accompanied by a relatively modest 5 percent increase in operating costs that included the set-up of the sally into online gambling through Ray.fi.
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Gambling News :
FanDuel adds English Premier League action -
Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.
Coral Q4-2016 earnings reports -
Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.
Unibet in cooperation with -
Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).
Kiron Interactive in deal with Digitain -
The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.
GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 -
Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”
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