For the three months to 30 September, Acroud said revenue is likely to amount to €2.4m (£2.2m/$2.8m). This would represent a 31% year-on-year decline, and a 33% quarter-on-quarter drop.

Acroud, which rebranded from Net Gaming in July, said that the quarter had been challenging, primarily due to the ongoing effect of the novel coronavirus (Covid-19) pandemic.

For the period from March to May, Acroud saw a sharp rise in poker and casino traffic, as more players were diverted to these channels due to a lack of sports betting activity, caused by the cancellation of sports events around the world.

However, Acroud said this traffic slowed to a level similar to that before the pandemic, while sports betting’s recovery proceeded slowly than expected.

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