Betsson has issued its financial records for the 2nd quarter of this year. The overall records indicated a forty four percent increase in the total revenues. The revenues reached 486.2 million SEK. It also recorded a growth in sportbooks despite the fact that this quarter had the lowest margins thus far at 4.6%.
The records also indicated an increase in the income from operations by seven percent as it reached a total sum of 109.5 million SEK. The number of active players reached more than five million players.
This is quite an increase as last year’s number of active players at the same period reached 3,359,000 players. The income of the company has been affected in a bad way due to the non-recurring costs that reached a total sum of ten million SEK. These costs include the shares’ distributions and the latest acquisitions.
The income of the company before deducing the taxes reached 110.9 million SEK. The net income reached a total of 105.4 million SEK which is an amazing increase from last year’s 97.9 million SEK. This translates into 2.54 SEK for each company share. The total amount of all the deposits in the entire gambling operations of Bettson reached 1,505.1 million SEK which represents a 31% increase from last year’s 1,148.2 million. This is considered a new record for Bettson.
Commenting on this, the CEO of Bettson, Magnus Silfverberg stated that the company is enhancing its position and strengthening its place in the market.
The company is doing that by increasing the range of sportsbook offering by offering more cell phone platforms and solutions.