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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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Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

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NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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