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Betsson AB posted its Q1-2014 results

Friday April 25 ,2014 : SWEDISH INTERNET GAMBLING GROUP RELEASES QUARTERLY RESULTS
 
Exchange rate fluctuations have a negative impact on Betsson.
 
The Swedish online gambling group Betsson AB posted its Q1-2014 results Friday, noting that disadvantageous exchange rate fluctuations had made a negative impact.
 
Highlights of the report include:
 
* Revenues up at SEK 686.0 (638.7) million.
 
* Gross profit up at SEK 578.7 (540.1) million.
 
* Organic growth adjusted for exchange rate effects still reached 10 percent, boosted by record underlying activity.
 
* Gross turnover in Sportsbook amounted to SEK 372.0 (325.4) million, representing a growth, adjusted for exchange rate and acquisition effects, of 12 percent.
 
* Operating income was up at SEK 171.2 (161.1 in Q1-2013) million.
 
* Income before tax was also better at 166.6 (160.1) million.
 
* Net income amounted to SEK 157.7 (151.9) million, corresponding to SEK 3.52 (3.54) per share.
 
* Customer deposits in all of Betsson's gaming solutions amounted to SEK 2,212.5 (2,113.9) million, despite being adversely affected by SEK 111.6 million through disadvantageous exchange rate fluctuations.
 
* The company has 7,283,900 registered players, of whom 360,800 are regarded as active participants.
 
* SEK 666.2 (606.4) million is available in liquid funds.
 
Operational highlights in the quarter included:
 
* Class One Holding Ltd, which operates the brands Oranje and Kroon Casinos, was acquired during the quarter and has, since 4 March, contributed to group's revenues with SEK 23.4 million and to the company's operating income by SEK 14.4 million.
 
The profit and loss statement was charged with SEK 10.1 million in acquisition costs and SEK 1.0 million in additional depreciations of the newly acquired client base.
Betsson gains market shares in both Casino and Sportsbook.
 
* Mobile penetration has increased from 12 percent to 15 percent over the previous quarter.
 
Magnus Silfverberg, Betsson's president and CEO reported:
 
"An organic growth of 12 percent in Casino, as well as a good growth in Sportsbook, means that Betsson is gaining market share. At the same time, the mobile penetration has increased from 12 percent to 15 percent over the previous quarter.
 
"This shows that the ongoing initiatives in personalized real-time communications, digital marketing, search engine optimization and mobile development are taking effect.
 
"At the same time, the acquisition of Oranje and Kroon had a positive effect on the result and both brands are showing strong growth throughout the quarter. It is clear that the company, with its initiatives and its multi-brand strategy, is well positioned both for continued growth and for future potential acquisitions."
 
Sportsbook performance in both the B2C and B2B divisions of the company was impressive.
 
In B2C gross turnover reached SEK 1331.1 (1230.6) million with margins of 6.4 percent (6.7 percent) delivering a gross profit of SEK 85.6 (82.8) million.
 
In B2B gross turnover of SEK 2449.7 (2643) million was achieved with margins at 3.7 percent (3.1 percent) and gross profit at SEK 90.3 (81.2) million.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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