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Danske Spil Releases Fiscal Year 2012 Results

Danske Spil, the former monopolistic online gambling site in Denmark has released its 2012 financial results, noting a large profit for the year and overall growth throughout the industry.

Key financial indicators for the reporting period ending December 31st, 2012 were:

  • Net profit of DK 1.8 million, an increase of 13.8% from the same period last year

  • The company's Lotteri Spil, which controls the lottery, horse racing, and bingo sides of the business brought in DK 2.8 in revenue, a disappointing 11% drop from the year before.

  • The Danske Licens Spil, which rules internet gambling in the country brought in DK 1.2 billion, an increase of 60%.

Statistically, Danske Spil controls 60% of the Danish online betting market. Currently there are 25 betting operators working in the European country.

Danske Spil executives praised the company's performance and attributed the increase in revenues due to being able to offer better odds and internet poker. Such moves were once restricted by the government, but loosened rules have increased the betting options open to punters.

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