Good Player Signup Numbers For Svenska Spel

Published: Saturday, May 06, 2006 Online-Casinos.com

HEAVY ONLINE POKER PLAYER SIGNUP NUMBERS FOR SVENSKA SPEL

Boss Media doing well off state owned Swedish online poker site

Svenska Spel, the Swedish government owned national lottery operator, has attracted registrations from an impressive 30 000 players since its launch of online poker facilities in March of this year.

The quick growth came to light when the Swedish poker and casino software supplier Boss Media reported on its business performance recently with a growth in net sales of 35 percent in the six months to the end of March, and royalty revenues up by 43 percent over the same period.

In the latest results, net sales totalled SEK75.5m (US$10 million) while royalty revenues reached SEK60 million. Profit after financial items was SEK11.8 million while net profit stood at SEK7.5 million.

During the six month reporting period, Boss revealed that it has inked deals with Synot Lotto covering that company's expansion into the Czech market and had delivered a new gaming system to Bonnier Gaming and Folkspel for its BingoLotto product.

Boss Media has also recently acquired 20 percent of Hong Kong-based e-sports provider Bele (see previous Online-Casinos.com & InfoPowa reports), which is delivering online egaming services to China.

Boss additionally re-negotiated a deal with BetandWin, which saw the Austria public company end its poker contract with Boss but renew its casino licensing until August 2007.