Veltyco Group Plc reports inline trading for Bet90 sportsbook and casino business

  • Nov 15, 2019 GMT
  • Team Kalkine
  • Veltyco Group Plc (VLTY) has released an update on current trading and the Group's financial position.
  • The company has reported that trading continues to be in line with expectation within the Group's Bet90 sportsbook and casino business, where it has a majority stake of 51 per cent.
  • Though, Bet90 achieved its highest revenues since its launch in July and October 2019, income from the Group's affiliate business remained minimal at the moment and below management expectations.
  • The Directors of the company continue to manage the Group's cash resources carefully in view of the Group's creditor balance and the continued trading losses.

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