Finnish gambling operator RAY Revenues drop

Wednesday February 18,2015 : DISAPPOINTING YEAR FOR R.A.Y.
 
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 percent 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 percent 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.”