Revenues of Malta-based online gambling operator Gaming Innovation Group (GIG) rose 39 percent in the second quarter of 2018 on the back of strong demand for B2B offerings.

In a regulatory filing, GIG announced that its second quarter revenue soared to €36.9 million ($42.04 million) from €26.6 million ($30.31 million) year-on-year as the demand for its B2B offerings and internal gaming brands rose.

GIG’s B2B revenue jumped 84 percent to €15.6 million ($17.77 million), while B2C revenue surged 20 percent to €24.2 million ($27.57 million) in Q2 2018.

However, the company’s revenue slowed by 1 percent from €37.3 million (US$44.68 million) in Q1 2018. Its EBITDA for the three months that ended June 30, 2018 also dropped 10.53 percent to €1.7 million ($1.94 million), compared to €1.9 million ($2.16 million) in Q2 2017.