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Betsson Q1-2015 Reports
Friday April 24,2015 : BETSSON REPORTS A STRONG FIRST QUARTER
Revenue in Q1-2015 increased by 24 percent.
Swedish gambling group Betsson AB has posted a strong Q1-2015 report, with highlights that include:
* Revenue up by 24 percent to SEK 847.4 (686.0) million - the highest quarterly revenue figure ever reported;
* Organic growth of 14 percent;
* Operating income up 39 percent y-o-y at SEK 238.0 (171.2) million;
* Operating margin of 28.1 (25.0) percent;
* Income before tax of SEK 236.4 (166.6) million;
* Net income of SEK 224.1 (157.7) million, corresponding to SEK 4.87 (3.52) per share;
* Customer deposits up 43 percent at SEK 3,173.6 (2,212.5) million;
* Gross turnover in Sportsbook up 60 percent at SEK 6,054.4 (3,780.8) million;
* Mobile revenue up 131 percent at SEK 233.3 (101.2) million; mobile revenue now constitutes 28 percent of total revenue;
* Kroon Casino was migrated to the shared technical platform Techsson;
* On 31 March, Betsson received a local gaming licence in the UK;
Magnus Silfverberg, president and CEO of Betsson, commented that the group has delivered sustainable and profitable growth of 14 percent, along with the highest operating margin of the last 12 quarters.
"These figures represent further evidence that Betsson's multibrand strategy of migrating a number of brands to one shared technical platform provides the foundations for long-term, stable and high profitable growth. At the same time, Betsson delivers stable growth in deposits, gross turnover in Sportsbook and active customers. This is a strong indication on continued growth," he said Friday.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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