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STRONG ONLINE CASINO RESULTS FOR REDBET HOLDINGS

Sunday August 26,2012 : STRONG ONLINE CASINO RESULTS FOR REDBET HOLDINGS

Internet casino action contributed 45 percent of revenues

Swedish online gambling group Redbet Holdings has posted an improved set of FY results showing revenues up 59 percent to SEK 24.5 million year-on-year, and operating profit back in the black – from a loss of SEK 1.6 million last year to a SEK 500,000 profit this.

Online casino performance, in part using Microgaming's Quickfire software, was especially notable, increasing the division’s contribution to revenues from 30 percent to 45 percent.

Player registrations soared from last year's 198,274 to 346,090, with active customers reaching 43,376 – an impressive increase from last year's 20,953.

The group's operations include Redbet, Whitebet, Heypoker, Optibet, Total Poker and Gold Club Casino.

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