Finnish Casino Veikkaus Reports a 7% fall in Revenue for Q1 2024 Ahead of licensed market launch

According to the development from various news sources from the country , the company received sharp impacts and loss 7% in yearly earnings in its Q1 of 2024 , According to the manager of the company increased verification caused 21% decrease in sales of ticket games and 44% decrease in lottery ticket sales for the platform which resulted in revenue drop for the company .

The operating manager also highlighted that even with the reduction in revenue , the popularity for the company increased with 6.6% more customers coming to the platform in Q1 , that should help them have next quarters in profitable manner according to him hopefully he said indeed

 

[CR7]

It is concerning to hear that Veikkaus experienced a 7% fall in revenue for the first quarter of 2024. The increase in verification leading to decreases in ticket games and lottery ticket sales definitely had a significant impact on the company's earnings. It's positive, however, to note that despite the drop in revenue, Veikkaus saw a rise in customer numbers, indicating sustained interest in the platform.

It's promising that the operating manager remains optimistic about the future quarters and believes that the increase in customers could lead to a more profitable period ahead. As Veikkaus prepares for the licensed market launch, it will be crucial for the company to adapt and innovate to attract and retain customers in the increasingly competitive Finnish gambling market.

The company's ability to navigate these challenges and capitalize on the growing customer base will be essential in driving revenue growth and ensuring long-term success in the evolving industry landscape. It will be interesting to see how Veikkaus responds to these developments and positions itself in the licensed market to regain revenue momentum.

 

[Qwert135]

That is correct , they are on the path and the traffic drive which is increasing in the positive fashion should help them make 2-3% more revenue than this month with the increased positivity for them in the market actually indeed most likely to be honest