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Good 4th Quarter Results for Betsson

Friday February 8,2013 : MOBILE AND SPORTSBOOK STAR EARNERS IN BETSSON REPORT
 
On the right track says chief
 
Betsson delivered positive fourth quarter and year end figures driven by strong sports book and mobile growth along with a 45 percent increase in customer deposits.
 
Fourth quarter key performance indicators included:
 
-   Revenues amounted to SEK 651.9 million (Q4/2011: SEK 515.2 million), equivalent to an increase of 27 percent
 
-   Operating income amounted to SEK 173.4 million (Q4/2011: SEK 172.3 million)
 
-   Income before tax amounted to SEK 173.4 million (Q4/2011: SEK 172.9 million)
 
-   Net income amounted to SEK 166.9 million (Q4/2011:SEK 165.8 million), corresponding to SEK 3.95 million (4.01) per share
 
-   Income statement is charged with a cost of SEK 39.2 million (Q4/2011: SEK 9.2 million) related to investments in newly regulated markets and software development in China. Income statement is also charged with restructuring costs amounting to SEK 5.8 (-) million.
 
-   Gross turnover in Sportsbook, including all gaming solutions, amounted to SEK 3,782.8 million (Q4/2011:SEK 2,171.3 million), of which NGG contributed SEK 575.1 million. This represents an increase of 74 percent.
 
-   Customer deposits in all of Betsson's gaming solutions amounted to SEK 2,154.8 million (Q4/2011:SEK 1,484.5 million), an all time hight that represents an increase of 45 percent
 
-   Betsson's Board of Directors proposes a transfer to the shareholders, amounting to SEK 410.9 million. Assuming that the number of shares outstanding does not change the proposal involves the transfer of SEK 9.7 per share.
 
Full year 2012 key performance highlights include:
 
-   Revenues increased by 27 percent to SEK 2,203.7 million (2011: SEK 1,736,6 million)
 
-   Operating income amounted to SEK 577.1 million (2011: SEK 559.7 million)
 
-   Income before tax amounted to SEK 573.6 million (2011: SEK 555.4 million)
 
-   Net income amounted to SEK 547.8 million (2011: SEK 527.8 million), corresponding to SEK 13.04 (13.12) per share
 
"The strong organic growth of 23 percent in revenues, 30 percent in Sportsbook turnover and more than 100 percent in mobile revenues from last quarter, shows that Betsson is on the right track.
 
“Betsson's growth is built on historical investments, and the company continues to invest large amounts in marketing and technology, which intends to secure a future growth rate above that of the market growth," commented Magnus Silfverberg, president and chief executive officer of Betsson.
 
The first quarter of 2013 is already shaping up nicely as Betsson reports that customer deposits and revenues in the first five weeks of the new year have again reached an all time high driven by high activity.



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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