Betsson posts a solid third quarter

The Swedish gambling group Betsson has delivered another solid quarterly result, posting Q3 2009 numbers that show a 17 percent rise in pre-tax income to SEK 79.6 million (Q3 2008: SEK 68.2 million).
The company, which offers online poker, casino and sportsbetting services reported an impressive overall increase of 26 percent in third quarter revenues compared to the same period in 2008: SEK 316.7 million vs (2008 Q3) SEK 252 million.
CEO Pontus Lindwall noted that gross turnover in sportsbook operations continued at a high level, and that online casino numbers had developed well, thanks largely to partnership deals.
Lindwall reported that during the quarter Betsson had launched live streaming and mobile betting in a bid to further boost sportsbetting performance.
Betsson’s year-to-date performance remains encouraging, with pre-tax income now reflecting a 20 percent increase to SEK 224.6 million over 2008 numbers.
The group’s third-quarter performance took pre-tax income for the  2009 year to date to SEK224.6m, a 20 percent on that achieved by this time last year. YTD revenues have soared 28 percent and were at SEK 916.8 million at the end of September, well up on the same period in 2008 when SEK 716.7 million was achieved.

Related and similar