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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.”



Gambling News :

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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