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Betsson Third Quarter Results
Sunday October 27,2013 : BETSSON THIRD QUARTER RESULTS UP 14 PERCENT
Swedish online gambling group enjoys another profitable quarter
Third quarter 2013 results were posted by Swedish online gambling group Betsson on Friday, reporting the following highlights:
* Revenues up 14 percent year-on-year to SEK 603.4 (529.5) million.
* Operating income rose 27 percent to SEK 152.2 (120.0) million.
* Gross turnover in Sportsbook at SEK 3,398.5 (2,921.4) million, an increase of 16 percent.
* Income before tax of SEK 149.7 (118.3) million - up 27 percent.
* Net income reached SEK 140.9 (113.1) million, or SEK 3.25 (2.68) per share.
* Deposits in all of Betsson’s gaming solutions came in at SEK 2,027.1 (1,756.0) million - up 15 percent.
* Launch of the employee stock option program, giving key personnel the opportunity to purchase shares at the end of Q1-2015 at SEK 214.62 per share. The program was nearly fully subscribed.
Magnus Silfverberg, president and CEO of Betsson group, said:
”An organic growth of 14 percent and the highest operating margin amongst comparable companies shows that Betsson is, still, the most strategically effective company in the industry.
"This applies to both the capacity to acquire companies and to utilise operational opportunities based on among others Betsson’s multi-brand strategy.
"Betsson sees continued good possibilities, in both the short and long term, for both local and internationally regulated markets. At the same time, the operational subsidiaries are optimising their operations through investments in individual realtime communication with customers, digital marketing and world class mobile offerings.
"All together, this will contribute to our continued growth.”
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
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#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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