First quarter performance up for Betsson

Revenues rise by 17 percent, reports Swedish online gambling operator

The Swedish online gambling operator Betsson AB has posted positive quarter 1/2010 results, reporting a 17 percent rise in revenues to : SEK 367.7 (Q1 2009 - SEK315.5) million.

Other highlights of the company's first quarter include:

* Over SEK 1 billion in gross turnover was achieved in sports betting operations, a substantial increase of 89 percent

* Operating income increased to SEK 84.2 (82.4) million, an increase of 2 percent

* Operating income has been charged with a cost of SEK 9.2 (revenue 5.6) million regarding currency revaluation of balance sheet items

* The effect from capitalisations and amortisations of capitalised development cost declined to SEK 600 000 (7.8) million

* Income before tax rose to SEK 84.6 (83.0) million

* Income for the period totalled SEK 80.2 (78.8) million

* Cash by the end of the period stood at SEK 520.4 million, well up from Q1 2009's SEK 436.8 million and the group has no interest-bearing liabilities

* Customer deposits increased by 31 percent to SEK 964.9 (735.6) million

* Betsson has broadened both online poker and casino offerings

CEO Pontus Lindwall attributed the positive quarter to the marketing philosophy of his company: "We give the players what they want," he said. "Betsson´s investments in the sportsbook [sector] have proved to be successful. The sportsbook increase [in turnover] was up 89 percent despite the highly competitive nature of the Swedish market. This clearly shows that Betsson has gained market share.”

General Gambling News

Login to post a comment:


Click Here to register a new account

What's going on right now!

2mins ago someone from United States played Haunted House Slot

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

In the last 24h


  • New Members
  • Members Online
  • Guests
Highest Community Rated Online Casinos
Guts Casino
  (333 Ratings)
32 Red Casino
  (616 Ratings)
Lucky Red Casino
  (340 Ratings)
BETAT Casino
  (333 Ratings)
Club USA Casino
  (451 Ratings)
Mr Green Casino
  (433 Ratings)
Buzzluck Casino
  (298 Ratings)
  (290 Ratings)
  (295 Ratings)
Raging Bull
  (244 Ratings)
Bet365 Games
  (287 Ratings)
Casino Adrenaline
  (203 Ratings)
  (292 Ratings)
Unibet Casino
  (259 Ratings)
  (378 Ratings)
  (141 Ratings)
  (128 Ratings)
Betsson Casino
  (359 Ratings)
Redbet Casino
  (266 Ratings)
Betsafe Casino
  (342 Ratings)
  (184 Ratings)
Casino Extreme
  (315 Ratings)
Vera John Casino
  (279 Ratings)
ComeOn Casino
  (392 Ratings)
Bet365 Casino
  (549 Ratings)
Slotty Vegas
  (203 Ratings)
Thrills Casino
  (291 Ratings)
  (216 Ratings)
Sportingbet Casino
  (162 Ratings)
Intertops Red Casino
  (198 Ratings)

Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus