Financial News

Sweden's Betsson has reported a 30 per cent increase in revenue to SEK782.1m (€85.1m) for the third quarter, a period which saw the operator add to its portfolio of brands with the acquisition of Portuguese-facing gaming site

Revenue reached a record high during the quarter, with customer deposits in all of Betsson's gaming solutions increasing 35 per cent to SEK2,737.3m during the period.

The recently acquired Oranje and Kroon Casino operations contributed revenue of SEK83.9m during Q3, equivalent to organic growth of 17 per cent, while revenue was also positively impacted by favourable exchange rate fluctuations compared to last year amounting to SEK9.7m.

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