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BETSSON REPORTS 393 PERCENT Q4 INCREASE IN LIVE DEALER
Posted 2/11/11 : BETSSON REPORTS 393 PERCENT Q4 INCREASE IN LIVE DEALER
Fourth quarter the strongest ever for Betsson
Swedish online gambling firm Betsson AB presented its Q4 2010 and full year 2010 financial results this week.
Betsson reported gross turnover’s in its Sportsbook of SEK 1 894 million corresponding to an increase of 151 percent of which live betting in the sportsbook amounted to SEK 1 144 million indicating an impressive increase of 393 percent compared to Q3/2010.
Quarterly customer deposits were in excess of SEK one billion, the Group's highest level of deposits to date for an individual quarter.
Strong full year results to December 31 2010 show an increase in revenue to SEK 1 603.2 million, an increase of 23 percent over 2009. Betsson's net income totalled SEK 365.7 million (2009: SEK 303.3 million). Gross turnover on sportsbook for the period amounted to SEK 5 355.7 million (2009: SEK 2571.5 million) of which live betting accounted 55.3 percent.
Key Performance Indicators for the full year period ending 31 December 2010 included Betsson establishing operations in India and securing a B2B-contract with an Asian operator as well as a deal to sell its Turkish client-base and a B2B-contract for the delivery of a complete gaming platform.
Betsson reported that in line with its B2B-strategy, it has entered agreements in 2011 with the objective of initiating a Joint Venture in Italy and another to establish operations in China, together with a Chinese state-owned company
Pontus Lindwall, Managing Director and CEO, Betsson AB commented:
"Players in the Nordic regions, as well as in other regions, are aware that Betsson offers one of the world's best sportsbooks and Betsson can, therefore, report growth of 78 percent in sportsbook for the full year 2010.
"At the same time, Betsson has shown that the Company is a technically leading B2B-supplier of gaming platforms which are in demand in a variety of global locations."
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 Microgaming’s 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 Sunday’s 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 –115.
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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