Betsson Fortunes Improve
By Staff
Swedish online casino and betting exchange Betsson has announced that net sales for last year grew by 121 percent to $102.37 million with after tax income at $28.29 million.

In addition, net sales for the fourth quarter climbed 77 percent from the previous year’s $16.86 million to $29.92 million with operating income up to $6.86 million as the number of active players rose 18 percent to 107,000 for the final term.

The group, which is licensed in Malta and uses a mix of operational software including Net Entertainment, NYX Interactive, Ongame Network, GTS and Dynamite Idea, said it had benefited from investments in marketing and customer offers.

Chairman Pontus Lindwall stated that the firm remains in a cash flush situation with year-end cash of $36.74 million as $9.93 million was added over the fourth quarter. He said that the company is reporting a six percent improvement for January with strong performance so far this month.

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