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Gaming operations group Betsson has announced that their second quarter 2019 financial results, noting that revenues dipped 5% for the period.
Key financial indicators for the quarter ending June 30th, 2019 were:
Commenting on the performance Betsson CEO Pontus Lindwall said, "I am confident in my view of Betsson's capacity and in our strategic opportunities to pursue long-term profitable business with growth and good margins in regulated markets. We also have a geographical spread that compensates for temporary downturns in individual markets.
"During 2018, we took several measures to absorb higher gaming taxes amongst other things and we could quickly show the results of these measures. We have a strong, competent and efficient organisation as well as an efficient cost structure. Our proprietary technology enables rapid market adaptations and cost-effective growth.
"Naturally, the results are affected when several changes in significant markets take place simultaneously, but this does not affect our belief that Betsson is strongly positioned in the industry."
|Betsson Casino||Malta, Sweden|