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Gambling: Bettson Strong Q1
Swedish online gambling group Betsson has delivered an encouraging Q.1 2009 start to its financial year, showcasing strong revenues, cash and profits.
Highlights of the report include:
* Revenues up by 38 percent to SEK 315.5 (227.8 in 2008) million
* Operating income improved by 45 percent to SEK 82.4 (56.8) million
* Income before tax increased by 44 percent to SEK 83.0 (57.5) million
Income for the period totalled SEK 78.8 (53.6) million, an increase of 47 percent, corresponding to SEK 2.01 (1.36) per share
Management reported that the company's cash position by the end of the period was SEK 436.8 (275.1) million, with no interest-bearing liabilities burdening the group.
Pontus Lindwall, Betsson's President and CEO told shareholders: ”All of Betsson´s websites have continued to develop strongly. The healthy customer activity and deposits during the first quarter cement a continued good growth during the year.”
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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