Published
OnlineCasinoFinancialIndustry

Betsson AB revenue up 11%

Swed

betssonreport
ish online gaming specialists Betsson AB have reported an 11% year-on-year rise in their group revenue for the third quarter of 2017.

In their latest financial report of the year, the company posted group revenues of SEK 1.18bn beating the SEK1.06bn reported during the same period of 2016.

Leading the charge were Bettson’s Western European operations which saw their revenues achieve 63% growth, with a 31% organic growth.

However, operating income saw a decline of 21% as it dropped from SEK272.9m down to SEK216m in the same period this year. Betsson expressed that the negative impact was incurred by "currency impacts, increased betting duties and negative contribution from recent acquisitions".

Betsson AB CEO, Pontus Lindwall explained: “Despite a good finish to the quarter, we are not satisfied with the overall growth in the quarter and Betsson has taken action to improve performance.

“Moreover, NetPlay, which Betsson acquired in April 2017, has not developed as well as planned and measures have been taken to get the business back on track. The Group is committed to continue to develop the product offerings and to achieve good returns on marketiNg spend in order to further capture growth.”

Casino News Sponsor
Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...