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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.



Gambling News :

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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