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Operating loss was also improved over the first quarter as net loss was reduced by 55% year-on-year.
The significant increase in adjusted gross event wagering receipts was generated despite a 5.7% year-over-year decrease in total handle to $836.9m for March 2026.
Stakelogic may have struggled following changes in the Netherlands, but Sega Sammy's core business pillars remain strong.
The operator’s revenue fell compared to last year but rose compared to last quarter, with adjusted EBITDA dropping 24% year-over-year.
Operator returns to profit despite softer March performance.
The Cyprus betting sector reported growth in Q4 2025 with GGR reaching €395.5m ($353.1m), representing a 22% rise compared with the same period last year.
Gaming revenue increased 4.9% to nearly $2bn (US$1.4bn), while interactive revenue decreased 0.6% to $262m.
The net income figure for Q1 2026 equates to a 3931.6% increase year-over-year, while operating income rose to $771,000 after witnessing a loss of $15,000 for the first quarter of 2025.
The operator’s total profit for the first quarter of 2026 increased 48.7% to $35.4m, while DoubleDown also managed to grow adjusted EBITDA by 24% to $38.2m.
According to the MGCB, slot and table game revenue increased 7.8% during the monthly period, led by MGM Grand Detroit which grew revenue 14.3% to just over $58.4m.
