Disappointing Year For R.a.y.

DISAPPOINTING YEAR FOR R.A.Y.

18th February, 2015 at 01:45:43
Source: http://www.azonlinecasinos.com

Finnish gambling operator sees drop in revenues and zero growth in 2014.

It's been a tough 2014 for Finnish gambling operator RAY, which this week reported a 1.9% year-on-year drop in revenues to Euro 776 million due to "challenging" local market conditions.

The decline impacted all of the company's products, with the key retail activity particularly hard-hit,

revenues falling 2.1% to Euro 581 million.

The digital vertical delivered zero growth and will be the subject of a review regarding marketing strategy.

Managing director Velipekka Nummikoski commented:

In 2015, RAY will continue to systematically implement its strategy in an efficient and responsible

manner.

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