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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.
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Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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