Industry News

Betsson gambling revenue increases by 14 per cent

Published

7 years ago

July 20, 2018

Niji Narayan

Betsson gambling revenue increases by 14 per cent

Reading Time: < 1 minute

Betsson, the premier online gambling company in Sweden, posted a rise in revenue of 14 per cent. The revenue increased from SEK1.177m to SEK1.346m during the first quarter of the year.

Casino revenue increased by 16 per cent and sportsbook income rose by 17 per cent. The company reported that 3.7 per cent of the group revenue in the second quarter was related to the World Cup.

Operating income was SEK300.7m, up 45 per cent on the equivalent quarter last year of SEK206.9m.

For the half-year the group’s revenues were SEK 2.255m, up 12 per cent, and net income was up from SEK400.5m to SEK459.4m.

CEO Pontus Lindwall said that the increased revenue was principally in western Europe and increased activity during the football World Cup.

Source: intergameonline.com

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.