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Betsson Boss Pleased with Finance Report - 08-02-09 |
August 2 - The Chief Executive of Betsson sports betting group, Pontus Lindwall, has said that he is satisfied with the results of its financial report released recently, covering the six month period to the end of June, 2009.
Lindwall said that while sports margins had dropped on a half yearly and quarterly basis, there were other factors that caused him to optimistic overall.
Half yearly sports margins dropped from 10.5% to 7.9% in the half year report, but Betsson has blamed this figure on a particularly bad run of sports results in this time period.
Lindwall believes, however, that factors such as activity and deposits should also be taken into account.
"There is no marketing like happy customers," he said. "The activity and customer deposits have never been higher than in the second quarter, which indicate a continued good growth."
Lindwall also points to the revenues for the six months covering the report, showing how they rose 29% (from SEK 464 to SEK 600 million), compared to the same period last year.
The second quarter of this year also showed a significant increase in customer activity, with deposits increasing by 32%.
Total gross profit for the group was divided as follows:
Sports betting - 11.5% compared to last year's 7.5%
Poker -14.2% compared to last year's 19%
Casino - 70% compared to last year's 60%
All of the above were for a 3 month period.
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