Online gambling operator LeoVegas reported an 8.2% year-on-year increase in revenue for the first quarter of its financial year, despite the impact of new regulations in Germany having slowed progress in the country.

Revenue for the three months to 31 March amounted to €96.7m (£83.6m/$116.2m), up from €89.4m in the same period last year. However, excluding Germany, revenue increased 19.0% year-on-year.

The operator said Germany made up 6% of revenue in Q1 of 2021, suggesting it brought in around €5.8m. The reported 19.0% increase in non-German revenue, meanwhile, suggests that the market brought in €13.1m in 2020, meaning revenue dropped 55.7%, or by €7.3m.

In addition, LeoVegas said the market made up 15% of revenue, or €14.8m, in Q4 of that year, meaning German revenue dropped by €9m, or 60.9%, quarter-on-quarter.