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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.
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Gambling News :
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
Pennsylvania Online Gambling Updates -
Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.
WSOPE In Czech Republic -
World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.
BtoBet Partners with AfroBet -
Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.
Pissed off Tabcorp shareholders -
A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.
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