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Betsson Full Year 2015 Earnings


But impacted by currency exchange fluctuations during the fourth quarter.

In its full year 2015 fiscal report, Betsson said it had achieved strong organic growth showing the company has one of the most efficient strategies in the industry.

Key performance indicators for the period ending December 31, 2015 include:

-    Group revenues of SEK 3,722 million (2014: SEK 3,035.1 million), an increase of 23 percent.

-    Gross profit was SEK 2,675.6 million (2014: SEK 2,231.3 million), up 20 percent.

-    Operating income increased to SEK 886.4 million (2014: SEK 821.2 million) and operating margin amounted to 23.8 percent (2014: 27.1 percent).

-    Income before tax increased to SEK 883.0 million (2014: SEK 814.8 million) and net income increased to SEK 831.7 million (2014: SEK 770.7     million).

-    Transfer to shareholders of SEK 623.8 million (2014: SEK 549.3 million) proposed, which corresponds to SEK 4.51 (2014: SEK 3.98 per share).

Key performance indicators for the 3 month period ending December 31, 2016 included:

-    Customer deposits in all of Betsson’s gaming solutions amounted to SEK 3,471.4 million (Q4/2014: SEK 2,977.1 million, an increase of 17 percent.

-    Gross turnover in Sportsbook amounted to SEK 6,428.8 million (Q4/2014: SEK 5,074.8 million, up 27 percent.

-    Mobile revenue represented 36 percent (Q4/2014: 23 percent) total revenue and amounted to SEK 373.3 million (Q4/2014: SEK 186.6 million, an     increase of 100 per cent.

-    Recently acquired Europe-Bet grew 21 percent (in local currency revenue by 27 per cent) and contributed SEK 21.8 million to the Group’s operating     income.  Of Europe-Bet's revenue during the quarter, SEK 20.1 million was derived from land-based operations.

"We are really pleased that our underlying organic earnings are increasing more than our revenue, adjusted for exchange rate fluctuations,” Pontus Lindwall, president and chief executive officer of Betsson commented.  “This shows that Betsson has one of the most efficient strategies in this industry.

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Gambling News :

Malta Gaming Authority's half-year 2016 report - There are 490 gaming license in issue and 257 gaming companies in the first six months of 2014, those figures were 414 and 271 respectively;

Macau ATM Transaction Limit Lowered - The Monetary Authority of Macau moved quickly Friday to quell market concern caused by a newspaper report late Thursday that it was about to slash ATM limits in half .

Vegas Mobile Casino Gets Live Dealer Games - Vegas Mobile Casino has partnered with Swedish online gambling game developer NetEnt, which has supplied a new live dealer offering that includes desktop Blackjack and desktop and mobile Roulette.

Cosmic Crystals SLot Launches - 1X2 Gaming's latest online slot titled Cosmic Crystals is a 5 reel, 50 pay-line game with a futuristic outer space feel, gems galore, and features that include a sticky Wild reel, re-triggering Free Spins, Scatters and a claimed 95 percent RTP.

Playtech Live launches dedicated live roulette room - Playtech's live dealer arm, Playtech Live has launched a dedicated live roulette room operating from a fully custom-built studio bursting with colorful Christmas decorations.

Australian Open To Dunp Gambling Ads - Court-side advertisements, which have been criticized as promoting gambling and thereby contributing indirectly to the specter of match-fixing, are to be discontinued in 2017 from the Australian Open tennis championships, Tennis Australia has confirmed.

Olympique Lyonnais In Sponsorship Deal With FDJ - The agreement allows FDJ to introduce its ParionsSport betting terminals in the Parc OL stadium, and the promotion by the club of its website of the same name

BaFin CrackDown on Spread Betting - The UK Financial Conduct Authority's crackdown on financial and stocks spread betting via contracts for difference has been followed by similar moves in Germany, where the financial regulator BaFin announced similar new restrictions Thursday.

How is the CDC Group Spending its Money - Questions are being asked about how the UK government's private equity arm, the CDC Group plc (formerly the Commonwealth Development Corporation) spends the billions it is allocated to alleviate international poverty, The Guardian newspaper reported Friday.

Voodoo Slot Released - The Prague-based online gambling games developer Endorphina is going against the trend of Christmassy-themed offerings at this time of the year, instead going for the popular horror genre in its new slot Voodoo, released to operators today (Friday).

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