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Redbet sees revenues rise but higher costs hit bottom line

23rd May 2012 9:05 am GMT

Sweden’s Redbet Holding AB has reported a 42 per cent increase in revenue for the first quarter of 2012 following strong growth in casino and sports betting revenues.

First quarter revenues climbed to SEK24.5m from SEK17.2m a year ago, with gross gaming revenues amounting to SEK22.98, a rise of 38 per cent year-on-year. The growth was driven by a 97 per cent increase in casino revenue, 32 per cent increase in sports betting revenue and a [...]

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