..

Betsson Latest Online Gambling Firm Sees Huge 3rd Quarter Results

Written by:
Aaron Goldstein
Published on:
Oct/26/2010
Betsson

The Swedish online gambling firm Betsson has reported a 22 percent increase in revenues for the 3rd quarter of 2010, the latest company in the multi-billion dollar sector to claim a strong performance over that period.  So far, Gambling911.com has noted the top results for Ladbrokes, William Hill and PartyGaming, among others

For Betsson, it was the strongest quarter ever recorded by the company.

Gross turnover in its Sportsbook amounted to 634.9 million and an increase of 91 percent while gross turnover in live betting in Sportsbook amounted to 194.2 million - an increase of 278 percent.

"The activity level in the different gaming solutions has never been greater. Live betting in Sportsbook is particularly strong, with strong growth on all key markets which is joyous. Large short term operational receivables together with large currency fluctuations during the major part of the quarter increased currency exposure in the short term. This contributed to high cost for currency revaluations. This exposure is now significantly lower." stated Pontus Lindwall, Betsson's President and CEO.

The company operates its online gambling brand out of Malta with a heavy focus on the Scandinavian market. 

- Aaron Goldstein, Gambling911.com

Business/Financial News

Square Makes Big Bet on Bitcoin

Square Makes Big Bet on Bitcoin

Square, Inc. (NYSE: SQ) announced that it has purchased approximately 4,709 bitcoins at an aggregate purchase price of $50 million. Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose. The investment represents approximately one percent of Square’s total assets as of the end of the second quarter of 2020.

Fox Given a "Buy" Rating Thanks to Sports Betting Boost

Fox Given a "Buy" Rating Thanks to Sports Betting Boost

Fox Corp is an under-the-radar play on US sports betting, the headline reads for Wayne Duggan's report at Yahoo Finance!

John McAfee Arrested for Tax Evasion

Cybersecurity entrepreneur and crypto personality John McAfee was arrested in Spain on Tuesday for US tax evasion.

Virtual Event: How The Gaming Industry Can Benefit From Bitcoin Technology

Virtual Event: How The Gaming Industry Can Benefit From Bitcoin Technology

Friday is a "must see" virtual event for gaming enthusiasts as well as those in the crypto space looking to expand their horizons.

Bitcoin and eSports: Bitcoin SV One World Chain Virtual Continues (Videos)

Bitcoin and eSports: Bitcoin SV One World Chain Virtual Continues (Videos)

The Bitcoin SV One World Chain virtual conference concludes Thursday with hot topics that include Making Bitcoin Easy to Use for Everyone, eSports and the Blockchain with Unikrn co-founder Rahul Sood, and the cashless casino.

Syndicate