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Betsson buoyed by sports betting as casino struggles

26th April 2013 8:01 am GMT

Swedish gaming operator Betsson has reported a 19 per cent increase in revenues to SEK638.7m (€74.2m) for the first quarter of 2013, following growth across all of the company's products, in particular sports betting.

Betsson said that revenues were negatively impacted by SEK17.3m due to exchange rate fluctuations, compared to the rates applicable in the corresponding period last year.

Q1 2013 Gross Profit

Despite this, gross profits rose 18 per cent to SEK540.1m during the quarter following growth [...]

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