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Betsson’s financial figures released

Betsson AB has released the figures dictating that they made a 14% increase in revenues to $69.52 million in the first 3 months of 2011 when compared to last year.

Based in Stockholm, Betsson AB, also released figures showing their 57% increase to $21.95 million($22.08 million before tax reductions) over last year.  The net income also increased by 45% to $20.92 million over last year and a 25% increase on all of its gaming solutions including business-to-business collaborations.

Betsson also saw a 191% increase to $186.49 million for the quarter in live sportsbook and at present it holds $89.28 million and ‘remains free from interest-bearing liabilities.’

Pontus Lindwall, the President and Chief Executive Officer for Betsson commented “During the quarter, Betsson implemented a complete third-party solution, which includes a world-class sportsbook.”

“In addition to the business-to-business technological advances, the activity in Betsson’s different gaming solutions has been high.”

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