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Redbet looks to new markets as recovery takes hold

17th February 2011 11:01 am GMT

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 [...]

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