Swedish online gaming operator Redbet has said it is ready to accelerate expansion efforts in new markets following a year-long programme of cost-cutting which resulted in a return to profitability in the final quarter of 2010.
In its results for the fourth quarter, Redbet reported operating revenues of SEK17.1m, down 14 per cent year-on-year, but 21 per cent lower operating expenses helped the company achieve an operating profit of SEK0.8m versus a loss of SEK5.1m in [...]
