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Betsson’s more positive results for the third quarter

Betsson AB, an iGaming Swedish gambling group revealed a 20% increase in revenues to $73.11 million over last year’s figure in their recently announced interim financial results for the third quarter of 2011.

Betsson also revealed that their operating margin for the third quarter also increased to 32.8% over the 21% from last year and their operating income increased by 89% to $23.99 million when compared to last year’s result.

The income before the tax reported by Betsson came in at slightly over $23 million which is an improvement from last year’s $12.67 million and their net income rose by 81% to $21.73 million when compared to last year’s figure.

A trio of new business-to-business collaborations for the third quarter was launched by Betsson who are also applying for gaming licenses in Denmark and Italy.

Magnus Silfverberg, Betsson’s Chief Executive Officer stated that “the business-to-consumer segment is displaying the highest level of underlying activity that we have ever seen and the business-to-business segment has launched three new collaborations.”

“At the same time, we are adapting the group to comply with new regulations across Europe. Being able to make these changes while posting good results is proof of our strength.”

eGaming Society is a fully comprehensive iGaming Directory and iGaming Job Board for the eGaming Society. Whether you are in the Industry, or a igaming supplier, eGaming Society is an ideal reference for the Gaming Industry.

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