Good Q2 2010 for Betsson

The Swedish online gambling group Betsson AB has reported a solid Q2/2010 set of results showcasing a 29 percent rise in revenues to $49.1 million. The latest numbers follow a Q1 rise in revenues of 17 percent.
Operating income in the second quarter rose by 43 percent over the corresponding period last year to $11.9 million, while pre-tax income was reported up by over 30 percent to approximately $12 million.
Betsson boosted its cash reserves by $31.4 million to $70.6 million and remains debt-free, according to Management
Gross turnover in the company’s sports book activities soared 91 percent to $168.2 million, with live betting operations delivering a 207 percent increase over the same period in 2009 to $95.4 million.

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