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Strong Q1 for Betsson following sportsbook growth

27th April 2012 7:42 am GMT

Sweden’s Betsson has reported a 28 per cent increase in revenues to SEK536.1m (€60.3m) for the first quarter of 2012, with the company planning to expand operations into Germany under its Betsafe brand following any potential liberalisation of the market.

Betsson’s revenues increased for third successive quarter, with turnover from the company’s B2C sportsbook soaring 340 per cent to SEK645.5m despite gross margins falling to 6.9 per cent versus 9.5 per cent last year.

Turnover from the [...]

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