Betsson posts a solid third quarter - YOY revenues up 26%

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The Swedish gambling group Betsson has delivered another solid quarterly result, posting Q3,2009 numbers that show a 17% 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% 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% 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% on that achieved by this time last year. YTD revenues have soared 28% 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.

Source: InfoPowa News

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