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Betsson reporting sports margins
 July 26, 2009, 9:28 am (2 years ago)Swedish online gambling group Betsson,s sports betting margins of sports betting showed a 1st half 2.6 % point drop in the 6 months to June 30 2009, going down from 10.5 % to 7.9 %.
Management blamed an operation of sports outcomes that favored the player instead of the operator for the decline, which was as well obvious in the quarterly numbers, where a 9.8 % margin went down to 4.7 %.
Betsson chief executive Pontus Lindwall was looking at it rather with calm manner stating that customer movement and deposits was in fact the highest in the 2nd quarter, showing solid increase.
H1 2009 incomes went up by 29 % to SEK 600 million, from SEK 464.7 million in H1 2008, and on a quarterly basis went up by 20 % to SEK 284.6 million (Q2 2008: SEK236.9 million).
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