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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.

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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