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Betsson AB has released a record set of second quarter results

Friday July 17,2015 : BETSSON POSTS SPARKLING SECOND QUARTER RESULTS
 
"Best quarter ever," says CEO Magnus Silfverberg.
 
Betsson AB has released a record set of second quarter results, highlighting:
 
* Revenue up by 14 percent to SEK 860.6 (752.3) million - the highest quarterly revenue figure yet;
* Operating income of SEK 213.8 (190.4) million, an increase of 12 percent;
* Operating margin of 24.8 (25.3) percent;
* Income before tax of SEK 212.3 (187.5) million;
* Operating income encumbered with SEK 4.8 million in acquisition-related expenses;
* Net income of SEK 201.6 (176.6) million, corresponding to SEK 1.46 (1.28) per share;
* Customer deposits reached SEK 3,116.6 (2,613.4) million, an increase of 19 percent;
* Gross turnover in Sportsbook amounted to SEK 5,385.7 (4,140.4) million, a growth of 30 percent;
* Mobile revenue amounted to SEK 286.0 (129.5) million, an increase of 121 percent. Mobile revenue constituted 33 (17) percent of total revenue in the quarter;
* The Triobet brand was migrated to the shared technical platform Techsson;
* A sportsbook was launched during the quarter for the KroonCasino brand;
* On 29 June, Betsson signed an agreement to acquire the Georgian gaming operator Europe-Bet;
* President and CEO Magnus Silfverberg is leaving the company after 6 years.
 
For the half-year, the company reported:
 
* Revenue up by 19 percent to SEK 1,708.0 (1,438.3) million;
* Operating income at SEK 451.8 (361.5) million;
* Income before tax at SEK 448.7 (354.1) million;
* Net income of SEK 425.7 (334.3) million, corresponding to SEK 3.08 (2.47) per share.
 
Outgoing Betsson president and CEO Magnus Silfverberg commented:
 
"After four years as the President and CEO of Betsson, it feels great to finish with the best quarter ever. In spite of high comparative figures, Betsson has achieved strong organic growth in revenues, deposits, gross turnover in Sportsbook and net income.
 
"With above-market growth and additional acquisitions, the company has achieved a leading position in a number of countries. This reduces the company's operational risk and creates a foundation for sustainable growth. Thanks to cost awareness and the one single platform strategy, Betsson has the highest profitability in the industry."



Gambling News :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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