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INVESTORS BET ON BETSSON

Betsson investors will have something positive to cheer them up in these trying economic times following the release this week of record quarterly numbers from the Swedish listed company. Third-quarter figures for the three-month period to the end of September, saw revenues rise 52 percent to SEK 252 million (Q3 2007:SEK 165.5 million); operating profit up 26 percent to SEK 67.8 million (SEK 53.7 million last time) and active customer numbers soar by 40 percent to 127 300 (90 800 in 2007).
 
On a quarterly basis, Betsson’s casino operations contributed 62 percent of the group’s gross profits, up 14 percent. The contribution from other products grew by 29 percent, poker only 4 percent, while the sportbook contribution remained steady.
 
The company has maintained its feisty stance against Swedish monopolistic practices which saw it open a land betting shop in Stockholm in defiance of threats from the gaming authorities (see previous InfoPowa report) Betsson reports that following a complaint from gaming officials about the shop, the local police opened an investigation and a fine was imposed. Despite these intimidatory moves, Betsson is adamant that it is operating within European Union law and intends to keep the shop open pending positive developments now taking place on the regulatory front.
 
Fourth-quarter trading looks set to carry on the positive trend, the report indicates. October producing “all time high” revenues, and the firm launched an enhanced affiliate programme called Affiliate Lounge. The company's statement notes that player and consumer confidence levels in online gambling were high and increasing, with net sales since 2005 up by 1 200 percent.
 
Presenting the financials for the nine-month period starting in January 2008, Betsson said revenues increased 56 percent to SEK 716.7 million (YTD 2007: SEK 459.2 million), while operating profit increased to SEK 184.7 million - up 26 percent.  Pre-tax profits for the period reached SEK 187 million compared - well up on last year's SEK 147.5 million. Casino growth rose 77 percent over the same third quarter period last year while revenues from other company offerings grew 471 percent. Not faring so well was the online poker activities of the firm, which declined 29 percent.  The sportsbook operations, however, delivered a stellar 188 percent growth in revenues.
 
Scandinavian markets, which comprise 62 percent of Betsson's action, grew 17 percent on a quarterly basis to SEK 126.9 million, compared with SEK108 million last year. Business from the European Union nations outside the Nordic region slowed, with growth declining by 3 percent to SEK 21.6 million and represented 27 percent of Betsson's business. Non-EU countries including Turkey grew 2 percent to SEK 55 million making up the remaining 11 percent of the firm’s player base.



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US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

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NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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