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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."

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Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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