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Betsson Strongest Earnings Ever
The Swedish betting group Betsson has delivered its strongest quarterly report yet despite the difficult trading conditions in the markets it serves.
Highlights from the company's fourth quarterly report this week include:
* The fourth quarter was Betsson's strongest quarter ever
* Revenues rose by 69 percent to SEK 321.1 (189.8) million
* Operating income more than doubled to SEK 91.9 (43.5) million
* Income before tax increased to SEK 93.6 (45.2) million
*Income for the period totalled SEK 92.9 (43.1) million, corresponding to SEK 2.37 (1.10) per share.
Operations over the full year 2008 were similarly positive:
* Revenues rose by 60 percent to SEK 1,037.8 (649.0) million
* Operating income increased 46 percent to SEK 276.6 (189.9) million
* Income before tax was SEK 280.7 (192.7) million
* Income for the year totalled SEK 267.3 (179.4) million, corresponding to SEK 6.81 (4.55) per share
* Cash at the end of the year were SEK 373.2 (232.7) million and the group still has no interest-bearing liabilities.
* The board of directors proposes an increased transfer to shareholders of SEK 5.10 (5.00) per share through automatic redemption procedure.
Pontus Lindwall, Betsson's President and CEO, commented on the results Friday, saying: ”We have experienced solid growth during the quarter and the whole year, with increased activity recorded at all Betsson's websites. We are planning for strong continued growth and do not as yet see any signs of stagnation.”
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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