Connect with us

Press Releases

Betsson Group – strong full-year operating profit thanks to geographical spread and efficient organisation

Published

on

 

QUARTER OCTOBER – DECEMBER 2019

  • Group revenue was SEK 1,289.5 (1,436.6) million, a decrease of 10 percent with an organic  decrease of 11 percent.
  • Casino revenue declined by 10 percent and Sportsbook revenue declined by 9 percent. The sportsbook margin was 6.8 (7.3) percent.
  • Operating income (EBIT) was SEK 200.5 (341.5) million. The variance was mainly due to decreased revenue. The EBIT margin was 15.5 (23.8) percent.
  • Operating cash flow amounted to SEK 237.8 (289.3) million.

FULL YEAR 2019

  • Group revenue was SEK 5,173.0 (5,419.8) million, a decrease of 5 percent, reported and organic.
  • Operating income (EBIT) was SEK 865.0 (1,193.8) million, corresponding to an operating margin of 16.7 (22.0) percent.
  • Net income was SEK 787.1 (1,078.1) million, corresponding to SEK 5.69 (7.79) per share.
  • Operating cash flow amounted to SEK 1,150.3 (1,273.3) million.
  • The Board of Directors proposes to the AGM that SEK 393.1 (538.4) million, which corresponds to SEK 2.84 (3.89) per share, is distributed to shareholders.

FOURTH QUARTER

Revenue for the fourth quarter was SEK 1,289.5 million, a decrease compared to the same quarter last year but an increase compared to the previous quarter. Development in Sweden, Norway and the Netherlands have continued to be weak, while other markets in which Betsson operates, locally regulated and non-locally regulated, have performed well. The sportsbook margin for the fourth quarter at 6.8 percent is slightly lower than the previous two quarters, which impacted the sportsbook’s revenue for the quarter negatively. Sportsbook gross turnover on the other hand, have developed strongly both during the fourth quarter and the full year 2019, with an increase during the quarter of 15 percent compared with the same period last year and 6 percent for the full year. Operating profit (EBIT) for the fourth quarter amounted to SEK 200.5 million, which corresponds to an operating margin of 15.5 percent.

CEO COMMENTS

2019 full-year operating profit of SEK 865 million shows that  Betsson can deliver despite several market challanges

“We are proud to present an operating profit for the full year 2019 of SEK 865 million. The operating profit shows Betsson’s ability to deliver profitability, also during the challenges that 2019 entailed. We had expected some recovery in the closing fourth quarter, above all in the Swedish market, but we did not reach our objectives there. Up until now, one year after the Swedish re-regulation, we have still not seen the market consolidation that we expect due to the great number of operators, many of them showing no profitability. On the other hand, we have seen declining channelisation, which makes it difficult for the licensed operators who pay 18 percent gaming tax and it also jeopardizes consumer protection. High channelisation contributes to competition on equal terms for the companies in the sector that operate in the Swedish market.

During its long history, Betsson has grown more than the market. In 2019, we had a notch in this curve, but our long-term ambition to grow more than the market, organically and through acquisitions, remains. Our efficient organisation, the strong cash flow and the strong financial position provide a good foundation for acquisitions. During the fourth quarter we made a minor strategic acquisition and continue to analyse several opportunities, both in locally regulated markets and in markets that will be regulated. By further increasing the geographical distribution, we can reduce the impact of temporary downturns in individual markets.

The geographical and product distribution provide stability and also gives us the opportunity to be sustainable in our long-term efforts to run a profitable business with growth and good margins. Betsson is continuously investing in the development of the product offering and it is gratifying to get an acknowledgment that we do the right things. We saw an increase in active customers during the fourth quarter by 3 percent compared to the fourth quarter of last year 9 percent compared to the third quarter. Our in-house developed sportsbook with constantly improved performance delivers good customer experiences, sales growth and good profitability. The high performance also makes it an attractive third-party product. We have previously stated that our ambition is to offer the sportsbook to external customers and we have concluded the first deal with a third party at the beginning of the current year. We are now looking forward to the European Football Championship in June.”

ABOUT BETSSON:

Betsson AB (publ) is a holding company that invests in and manages fast-growing companies within online gaming. The company is one of the largest in online gaming in Europe and has the ambition to outgrow the market, organically and through acquisitions. This should be done in a profitable and sustainable manner, primarily in locally regulated markets. Betsson AB is listed on Nasdaq Stockholm Large Cap (BETS).

Betsson’s operational subsidiaries’ vision is to deliver the best customer experience in the industry. They offer casino, sportsbook and other games via gaming licences in twelve countries in Europe and Central Asia. The business model is to offer gaming under multiple brands, including Betsson, Betsafe, NordicBet and Casinoeuro. The brands are operated on a proprietary platform, which is the core of the offer and the customer experience.

Being a responsible operator in relation to customers, suppliers, authorities, investors and other stakeholders is a cornerstone of the Betsson’s business. Betsson is a member of the European Gaming and Betting Association (EGBA), ESSA (Sports Betting Integrity) and G4 (The Global Gambling Guidance Group).

Learn more about the Group on www.betssonab.com

Latest News

WWE and White Hat Studios Deliver WrestleMania®: Road to Gold Exclusively to Fanatics Casino

Published

on

wwe-and-white-hat-studios-deliver-wrestlemania:-road-to-gold-exclusively-to-fanatics-casino

 

WWE®, part of TKO Group Holdings (NYSE: TKO), and White Hat Studios announced the official branded slot, WrestleMania®: Road to Gold, will launch exclusively with Fanatics Casino beginning today.

Available only in the United States, the new online casino game for real money wagering in regulated markets will harness the star power of 20 marquee names from the WWE, including fan-favorites Cody Rhodes and Rhea Ripley, just in time for WrestleMania® 42, which will return to Las Vegas, on April 18-19, 2026.

The Unlock Trail gameplay takes players on a journey through WWE Premium Live Events, with progressive bonus mechanics inspired by SummerSlam®, Survivor Series®, Royal Rumble®, Elimination Chamber®, and Money in the Bank®. Each milestone intensifies excitement and win potential before culminating in the legendary WrestleMania® showdown. The action in WrestleMania®: Road to Gold is further elevated by the unmistakable voice of Michael Cole, transporting players ringside and ensuring the entire storytelling experience is underpinned by authenticity.

The breadth of personalities and events integrated makes WrestleMania®: Road to Gold one of the most comprehensive and immersive IP games brought to market. Drawing on more than 70 years of entertainment heritage, WrestleMania®: Road to Gold is designed to capture the spirit of WWE’s iconic brand, providing WWE fans across regulated US iCasino markets with a new way to interact with the global brand.

 

Armen Tatarevic, VP of Gaming at White Hat Studios, said: “WWE is an iconic brand steeped in entertainment history, and the aim was to collaborate closely to channel that legacy into WrestleMania®: Road to Gold. From superstar athletes to headline events, there are numerous touchpoints that fans will enjoy, and this is a major IP launch for White Hat Studios as we continue to deliver a main event experience to casino players in the United States.”

 

Conor Grant, President, Casino at Fanatics Betting and Gaming, added: “WWE is a worldwide entertainment phenomenon, and the energy of the brand has been captured perfectly in WrestleMania®: Road to Gold. This new WWE-branded experience on Fanatics Casino reflects our strategy to leverage the power of Fanatics IP assets to offer customers a premium, differentiated experience.”

Fanatics Casino is the fastest growing online casino in the United States and is available on iOS, Android and web in Michigan, New Jersey, Pennsylvania and West Virginia. WrestleMania®: Road to Gold is the perfect addition to Fanatics Casino’s other officially licensed WWE online casino games including WWE® Blackjack, Raw® Multiplier Melee, SmackDown® Big Money Entrance!, WWE® Bonus Rumble Gold Blitz, WWE® Clash of the Wilds.

The post WWE and White Hat Studios Deliver WrestleMania®: Road to Gold Exclusively to Fanatics Casino appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Latest News

PureWager and MIRACL announce new partnership

Published

on

purewager-and-miracl-announce-new-partnership

MIRACL, the world’s only single-step multi-factor authentication (MFA) provider, today announces a new partnership with PureWager Group, an emerging leader in next generation sports betting technology. This new, powerful collaboration will enable seamless player access via MIRACL’s one-step login, enhancing security for both operators and players across PureWager’s network.

PureWager Group leads the way in providing exceptional retail and online sportsbook solutions across North America, with a special emphasis on Tribal Enterprises. They empower clients with innovative Class 2 and on-premises mobile gaming options, as well as engaging social sportsbook and iCasino experiences.

MIRACL is a passwordless, single-step PIN authentication that is recognised by – and ensures compliance with – the latest industry standards, such as GDPR, AML and other international guidelines as an all-in-one full replacement to usernames, passwords and 2FA. In light of growing legislative changes, MIRACL is fast becoming the login of choice for many iGaming providers. With MIRACL, access to play is seamless and with a proven login success rate of 99.9%, any loss of traffic due to login friction is absolutely minimised.

Sandro Di Michele, Chief Revenue Officer at PureWager Group comments,

“Simplicity sits at the heart of the PureWager platform. As we build a next generation sportsbook ecosystem across North America, it’s essential that player access is both seamless and secure. MIRACL’s single-step authentication removes unnecessary friction from the login process while delivering the highest standards of security and regulatory compliance. This partnership strengthens our ability to deliver a modern sportsbook experience that is simple for players, efficient for operators and built for scale.”

Rob Griffin, CEO at MIRACL added, “MIRACL is fast becoming embedded and synonymous with iGaming and Sports Betting enabling the best, most secure user experience login across the sector. As partnerships develop with some of the leading next gen technologies in the sector, not only are we going one step further to eliminate password-related login friction, we are continuing to support growing regulation that requires operators to use non-phishable means of logging in with multi-factor authentication. This new partnership with PureWager will provide even more iGaming players with the best login service – keeping them entertained and loyal, as well as safeguarding their accounts with the best security.”

MIRACL Trust eliminates the need for security practices such as passwords, SMS Texts, push notifications and key-cards. The use of true two-factor authentication coupled with the latest Zero Knowledge Proof (ZKP) patented technology means no personal data is stored or transmitted and there are no “honey-pots” of data exposed to attack, ensuring it is completely GDPR friendly too. With a simple two second login via PIN or biometric, MIRACL customers enjoy average login success rates of 99.88%.

MIRACL’s user-friendly, MFA solution helps to ensure that the online gaming experience is secure and protected against unauthorised access. This is important for both players and operators, as it helps to prevent fraud and to maintain the integrity of the games.

The post PureWager and MIRACL announce new partnership appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Arizona

BETER secures supplier licence in Arizona

Published

on

beter-secures-supplier-licence-in-arizona

BETER, the award-winning provider of live streaming, data and odds for esports and sports, has entered a new US state after being granted the Event Wagering Supplier License by the Arizona Department of Gaming.

The supplier licence allows BETER to deliver its fast-betting content, including live streams and live data, to licensed operators in the state for the first time, including its exclusive ESportsBattle tournaments and Setka Cup table tennis series.

Both are now live with tier-one operator bet365, a long-standing partner of BETER. Arizona is the seventh state in which BETER is now licensed as the company ramps up its presence in the state and the wider US market. BETER is also certified in North Carolina, New Jersey, Florida, Indiana, Iowa and Colorado.

BETER exclusively delivers 24/7 live streaming, real-time data and hyper-accurate odds for more than 700,000 fast-paced events annually, offering up to 50 markets per event with an average operator margin of 7.5%+.

Its esports portfolio includes ESportsBattle tournaments featuring eFootball, eBasketball, eHockey and eTennis, while its sports portfolio features the Setka Cup series and BSKT Cup basketball league.

Gal Ehrlich, CEO of BETER, said: Securing regulatory approval in Arizona is a pivotal moment in our ongoing US expansion strategy. This marks our seventh state, and we are incredibly proud to continue our trajectory of growth in one of the world’s most dynamic betting markets.

“Our mission has always been to provide operators with the most reliable, high-velocity content available, and receiving the green light from the regulator is a testament to the integrity and quality of our offering.

“We are thrilled to kick off this journey with bet365 and look forward to bringing our industry-leading esports and sports content to even more Arizona players in the near future.”

Valeriia Tarchynska, Chief Legal Officer at BETER, added: “We are proud to announce that we have successfully completed the process of obtaining the Event Wagering Supplier License in the state of Arizona.

The process took us a total of eight months and was one of the most challenging journeys for our team. However, thanks to the dedication and expertise of our legal and integrity teams, we successfully navigated it.

This milestone strengthens our commitment to delivering reliable, compliant, and transparent products to our clients.

“We continue to actively work on securing regulatory approvals in key jurisdictions, including Ohio, Kentucky, and Illinois, among others.” 

The post BETER secures supplier licence in Arizona appeared first on Americas iGaming & Sports Betting News.

Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania