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Betsson Revenues and Profits both up in third quarter
Revenues and Profits both up in third quarter
Swedish online gambling group Betsson AB reported another solid set of results in its third quarter interim this week with highlights including :
- Revenues SEK 385.1 (Q3/2009: 316.7) million
- Gross Profit SEK 301.6 (Q3/2009: 253) million
- Operating income SEK 80.7 (Q3/2009: 79.4) million
- Customer deposits SEK 913.6 (Q3/2009: 823.6) million
Gross turnover on Sportsbook operations in the third quarter was particularly rewarding reaching SEK 1 215 700 (Q3/2009: 634.9) million of which live betting comprised 60 percent (Q3/2009 : 30.6 percent) with margins at 8.6 percent this quarter compared with Q3/2009’s 7.2 percent.
Pontus Lindwell, Betsson’s president and ceo said, ”The activity level in the different gaming solutions has never been greater. Live betting in Sportsbook is particularly strong, with strong growth on all key markets which is joyous. Large short term operational receivables together with large currency fluctuations during the major part of the quarter increased currency exposure in the short term. This contributed to high cost for currency revaluations. This exposure is now significantly lower.”
The company also reported on the nine months year to date advising that revenues increased by 22 percent to SEK 1 118 900 million with operating income well up at SEK 252.9 million (2009: SEK 223.4 million). Year to date income before tax amounted to SEK 253.8 million, an increase of 13%.
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Amaya FY2016 Trading Update -
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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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