Betsson Reports Growth in First Quarter

Gaming group Betsson has announced a strong first quarter financially, despite the Covid-19 pandemic having some negative impact toward the end of the period.

The company's financials were as follows:

• Revenues up 6.5% to SEK1.42 billion
• CEECA revenues up 71.1% to SEK424.7 million
• Rest of the world revenues up 45.9% to SEK103.6 million
• Nordic region revenues down 16.9% to SEK482.7 million
• Western European revenues down 5.6% to SEK406.5 million
• Deposits equaled SEK5.74 billion, up 21.1% from last year
• Active customers were down 0.8% to 680,938
• B2B revenues up to SEK230.2 million
• Casino revenues made up 71.5% of revenues, while sportsbetting generated 29.2%

Betsson CEO Pontus Lindwall said that the company is shifting to meet the changing landscape due to the Covid-19 pandemic, focusing on other products to help revenues. "However, we now see a shift to sports such as table tennis and esports, it is an interesting increase in breadth which could be long term positive," Lindwall said. "We have added further events to our offering and believe that when sporting events gradually re-enter the betting market, our sportsbook offering will be even more powerful than before."

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