Italian gaming operator SNAI has reported a 7 per cent fall in revenues to €263.8m for the first half of 2012, despite recording significant growth from the company’s VLT and online gaming operations in Italy.
Online gaming wagers increased to €449.3m, from €94.9m a year ago, following growth in online cash poker games, with SNAI’s market share reaching 6.1 per cent.
Euros (€) H1 2011 H1 2012
Revenues 284.8m 263.8m
Costs for Services 209.3m 196.2m
Personnel Costs 16.1m 18.0m
Other Operating Costs 18.0m 15.1m
EBITDA 41.0m 34.3m
Financial Costs 17.0m 19.4m
Income Taxes 0.2m 4.5m
Total Earnings/(Loss) for Period (7.5m) (13.3m)
Earnings Per Share (0.06) (0.09)