Snaitech online growth offsets Q1 retail dip

Online revenues increase by 35% to €19.7m as the Italian operator’s core retail business is impacted by a tax increase on gaming machines

Italian betting operator Snaitech reported a strong period of online growth in Q1 as total online revenues jumped 35% to €19.7m. Online sports betting wagers increased by 17.7% to €126m while online gaming turnover rose by 17.3% to €335m. Snaitech CEO Fabio Schiavolin pledged to focus the operator’s future efforts on its flourishing online sector…

Finance | Italy | Playtech | Snaitech | Strategy