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Nordic Leisure Releases 2012 Fiscal Results

Internet betting firm Nordic Leisure AB has released its full year 2012 fiscal results, noting significant growth in revenues and player registrations.

Nordic Leisure oversees several betting sites and subsidiary firms, which include Redbet.com, OptiBet.lv, HeyPoker.com, WhiteBet.com, GoldClubCasino.com and TotalPoker.com.

Key financial indicators for the Scandinavian firm ending December 31st, 2012 were:

  • 30.8% rise year-on-year in annual revenues to SEK101.8 million ($15.84 million).

  • Operating profit for the twelve-month period up at SEK8.9 million ($1.38 million) (2011 deficit of SEK3.5 million ($544,922))

  • Player deposits up by 22% year-on-year to SEK385.2 million ($59.97 million)

  • 105,000 new players signed up in 2012, with total players rising to 394,365 - 49,604 registering during the fourth quarter

  • Gross profit after tax up 35% at SEK73.7 million ($11.47 million)

  • Overall profit after tax up an impressive 248.8% to SEK6.7 million

  • Latvia's first licensed Internet casino Optibet.lv

  • Q4-2012 operating revenues of SEK28.2 million ($4.39 million) with an operating profit of SEK4.7 million ($731,952)

Commenting on his company's performance, Nordic Leisure CEO Claes Hallen said: “Our revenues from casino gambling accounted for over 50% of the total revenues in the fourth quarter (with) betting accounting for almost 32% and poker 18%."

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