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RECORD FOURTH QUARTER RESULTS FROM BETSSON
Friday February 6,2015 : RECORD FOURTH QUARTER RESULTS FROM BETSSON
Growth ahead of market, joins Large Cap list on Nasdaq Stockholm
Internet-only gaming firm Betsson delivered its highest fourth quarter results ever highlighting the success of its long-term strategy with multiple brands and a common technical platform.
Key performance indicators for the fourth quarter included:
Revenue increase of 24 percent amounting to SEK 814.7 million (Q4/2014: SEK 655.5 million).
Organic growth of 11 percent.
Operating income of SEK 252.5 million (Q4/2014: SEK 150.0 million), up 68 percent.
Income before tax amounted to SEK 256.6 million (Q4/2014: SEK 149 million).
Net income was SEK 243.0 million (Q4/2014: SEK 140.9 million), corresponding to SEK 5.28 (3.24) per share.
Customer deposits amounted to SEK 2,977.1 million (Q4/2014: SEK 2,262.3 million), an increase of 32 percent.
The recently acquired Oranje and Kroon Casino brands contributed SEK 89.9 million to the Group's revenue and SEK 53.9 million to net income.
Key performance indicators for the Full Year 2014 included:
Revenue increased by 23 percent to SEK 3,035.1 million (FY2013 SEK 2,476.7 million).
Operating income amounted to SEK 821.2 million (FY2013: SEK 601.1 million).
Income before tax amounted to SEK 814.8 million (FY2013: SEK 596.2 million).
Net income amounted to SEK 770.7 million (FY2013: SEK 562.0 million, corresponding to SEK 16.92 (12.98) per share.
Looking ahead, Magnus Silfverberg, president and chief executive officer officer of Betsson said the company is well positioned both for new regulations in key markets and in terms of current technological trends, primarily as regards mobile solutions.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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