Tag: revenue drop
Italian online sports betting operator suffers revenue drop
May 13, 2014
iGaming Business – Italian retail and online sports betting operator Sindacato Nazionale Agenzie Ippiche (SNAI) has cited a decrease in revenues from sports bets, horse racing bets and amusements with prizes as the main causes behind a slight dip in total revenue during the three months to March 31, 2014. The company reported total revenue of €142.4 million ($195.9 million) in the first quarter of 2014, a drop of 0.8% on the €143.6 million recorded in the same period last year. Adjusted earnings before interest, tax, depreciation and amortisation also fell 1.1% from €37.9 million in the previous year to…