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Betsson Good 3rd quarter
11/4/09 - The Swedish gambling group Betsson has delivered another solid quarterly result, posting Q3 2009 numbers that show a 17 percent rise in pre-tax income to SEK 79.6 million (Q3 2008: SEK 68.2 million).
The company, which offers online poker, casino and sportsbetting services reported an impressive overall increase of 26 percent in third quarter revenues compared to the same period in 2008: SEK 316.7 million vs (2008 Q3) SEK 252 million.
CEO Pontus Lindwall noted that gross turnover in sportsbook operations continued at a high level, and that online casino numbers had developed well, thanks largely to partnership deals.
Lindwall reported that during the quarter Betsson had launched live streaming and mobile betting in a bid to further boost sportsbetting performance.
Betsson's year-to-date performance remains encouraging, with pre-tax income now reflecting a 20 percent increase to SEK 224.6 million over 2008 numbers.
The group’s third-quarter performance took pre-tax income for the 2009 year to date to SEK224.6m, a 20 percent on that achieved by this time last year. YTD revenues have soared 28 percent and were at SEK 916.8 million at the end of September, well up on the same period in 2008 when SEK 716.7 million was achieved.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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