Good Things Coming From Betsson

Published: Friday, January 19, 2007 Online-Casinos.com

GOOD THINGS COMING FROM BETSSON

Fourth quarter trading update showcases buoyant results

Stockholders of the Swedish betting and gaming operator Betsson will be smacking their lips at the thought of good returns following the advance notice of the group's fourth quarter results this week.

The announcement highlights a 103 percent rise in revenues for the period to SK110.3 million (US$15.7 million), compared with SK54.2 million for the same period in 2005.

Operational profits rose by 215 percent to SK24.9 million (US$3.5 million), compared with SK7.9 million in 2005.

Betsson subsidiary Net Entertainment saw Q4 revenues rise 48 percent to SK30.3 million and operating profits rise 36 percent to SK12.7 million over 2005.











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