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Betsson solid set of results for Q3/2011
Friday, October 28, 2011 : All time high for Swedish group
Swedish online gambling group Betsson AB continued its upward swing with the report of another solid set of results for Q3/2011.
Key performance indicators for the period January 1 to September 30, 2011 include:
- Revenues amounted to SEK 465.7million (Q3/2010: SEK 385.1 million) and the operating margin amounted to 32.8 percent (Q3/2010: 21.0 percent)
- Operating income amounted to SEK 152.8 million (Q3/2010: SEK 80.7 million), equating to an increase of 89 percent
- Income before tax amounted to SEK 146.5 million (Q3/2010: SEK 80.7 Million)
- Net income totaled SEK 138.4 million (Q3/2010: SEK 76.3 million) corresponding to SEK 3.40 (Q3/2010: SEK 1.94) per share
- Betsson has no interest-bearing liabilities and liquid funds amounted to SEK 490.3 million (Q3/2010: SEK 377.3 million)
- Number of registered customers has grown to 3.4 million (Q3/2010: 2.8 million) players, an increase of 21 percent
A company spokesperson revealed that three new B2B collaborations were launched during the quarter, GunnersGaming.com, a niche casino offering on harrycasino.com and Portuguese facing sports betting website dhoze.com. Additionally, Betsson has applied for gaming licenses in Italy and Denmark and the integration of Betsafe is developing according to plan.
Magnus Silfverberg, president and chief executive officer, Betsson commented: “The B2C segment is displaying the highest level of underlying activity which we have ever seen and the B2B segment has launched three new collaborations. At the same time, we are adapting the Group to comply with new regulations across Europe. Being able to make these changes while posting good results is proof of our strength.”
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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