Raketech shares plummet on “unsatisfactory” Q3 performance

Malta-based affiliate seeks uptick in Japan, Germany, Canada and New Zealand revenues fall 15%

Raketech today reported a Q3 revenue decrease of 15% to €6m due to continued struggles in Sweden and lower income from Pay-N-Play casinos. Adjusted EBITDA fell by 34% to €2.7m, down from €4.1m in the same period last year, while profit for the third quarter also dropped by €500,000 to €1.2m. Growth in new depositing customers…

Affiliates | Finance | Michael Holmberg | Raketech | Sweden