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Solid year for Betsson as casino offsets sportsbook decline

7th February 2014 9:01 am GMT

Swedish gaming operator Betsson has reported a 12 per cent increase in total revenue to SEK2,476.7m for the full 2013 year, despite posting only marginal growth in the final quarter of the year as results were negatively impacted by a record low sportsbook margin and unfavourable exchange rates.

Fourth quarter revenue rose 0.6 per cent to SEK655.5m, which included a negative impact of SEK26.3m relating to unfavourable exchange rate fluctuations.

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