Revenue at Finnish state-owned monopoly Veikkaus Oy has remained largely stagnant year-on-year, which the group blamed on weak consumer confidence.
Revenue for the group stood at €1.07bn ($1.81bn) for the 12-month period ending 31 December – a 3% fall from the €1.1bn the company achieved in the same period of the previous year.
Land-based casino increased as a proportion of the company’s total revenue, moving from 29.4% to 32.4%, generating €346.7m. Lotteries stood as by far the largest single segment at 56% of the company’s total at €600.0m – a 1.1% decline from the previous year.
The company saw a 16.9% year-on-year fall in its betting segment, which fell to €123.8m in revenue for the year.
