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Betsson AB (BETSb.ST)

BETSb.ST on Stockholm Stock Exchange

71.40SEK
15 Nov 2018
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51.61kr

Latest Key Developments (Source: Significant Developments)

Betsson Q3 operating profit beats expectations
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Betsson AB ::Q3 GROUP REVENUE WAS SEK 1,426.8 (1,180.6) MILLION, AN INCREASE OF 21 PERCENT.Q3 OPERATING INCOME (EBIT) WAS SEK 340.2 (216.0) MILLION VERSUS MARKET EXPECTATIONS OF 290 MILLION SEK, ACCORDING TO ESTIMATES.SAYS Q4 HAS BEGUN WITH DAILY REVENUES HIGHER THAN AVERAGE DAILY REVENUE FOR FULL Q4 LAST YEAR.SAYS GOING FORWARD, WE EXPECT MARKETING INVESTMENTS TO INCREASE AS ONLINE GAMING LICENCES ARE INTRODUCED IN SWEDEN.SAYS BETSSON SEES NETHERLANDS AS AN IMPORTANT MARKET LONG-TERM AND HAS AMBITION TO CHANNEL DUTCH CUSTOMERS INTO LICENCED SYSTEM WHEN MARKET RE-REGULATES.  Full Article

Betsson subsidiary Corona Ltd appeals Dutch fine
Monday, 10 Sep 2018 

Sept 10 (Reuters) - Betsson AB ::BETSSON SUBSIDIARY CORONA LTD APPEALS FINE ISSUED BY DUTCH AUTHORITIES.BETSSON SAYS CORONA LTD HAS APPEALED THE FINE ISSUED BY THE DUTCH GAMBLING REGULATOR, DE KANSSPELAUTORITEIT (KSA).BETSSON SAYS CORONA LTD MAINTAINS ITS PRIOR POSITION THAT ITS OPERATIONS COMPLY WITH APPLICABLE LAWS AND REGULATIONS IN THE ABSENCE OF AN EU-COMPLIANT GAMBLING LEGISLATION IN THE NETHERLANDS.BETSSON SAYS IF THE APPEAL WITH THE REGULATOR IS NOT SUCCESSFUL, CORONA LTD WILL REFER THE MATTER ON APPEAL TO A COURT OF LAW TO DEFEND ITS RIGHTS.BETSSON SAYS PENDING THE PROCEDURES, THE SANCTION WILL NOT BECOME IRREVOCABLE.  Full Article

Betsson CFO resigns, to join Telenor
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Betsson AB ::CFO KAAREN HILSEN WILL LEAVE BETSSON AB AND ASSUME A POSITION AS CEO IN ANOTHER COMPANY.  Full Article

Betsson subsidiary Corona fined EUR 300,000 by Dutch gaming authorities
Friday, 24 Aug 2018 

Aug 24 (Reuters) - Betsson AB ::BETSSON SAYS CORONA LTD. FINED BY DUTCH GAMING AUTHORITIES.BETSSON SAYS HAS RECEIVED A FINE OF EUR 300,000 FROM THE DUTCH REGULATOR, DE KANSSPELAUTORITEIT (KSA), FOR OFFERING GAMING TO CUSTOMERS IN THE NETHERLANDS WITHOUT A LOCAL LICENCE.BETSSON SAYS CORONA IS ASSESSING WHETHER TO APPEAL THE DECISION.  Full Article

Betsson Q2 operating profit rises
Thursday, 19 Jul 2018 

July 19 (Reuters) - Betsson AB ::BETSSON AB Q2 GROUP REVENUE WAS SEK 1,346.4 (1,177.5) MILLION.BETSSON AB Q2 OPERATING INCOME (EBIT) WAS SEK 300.7 (206.9) MILLION.REVENUES WERE SEEN AT 1,247 MLN SEK, OPERATING PROFIT AT 238 MLN SEK IN REUTERS SURVEY OF 3 ANALYSTS.CASINO REVENUE GREW BY 16 PERCENT AND SPORTSBOOK REVENUE GREW BY 17 PERCENT, WITH A SPORTSBOOK MARGIN OF 6.3 (6.4) PERCENT.  Full Article

Betsson Q3 ‍EBIT at SEK 216 mln, above expectations
Friday, 20 Oct 2017 

Oct 20 (Reuters) - BETSSON AB :Q3 ‍OPERATING INCOME (EBIT) WAS SEK 216.0 (272.9) MILLION, A DECLINE OF 21 PERCENT​.Q3 GROUP REVENUE WAS SEK 1,180.6 (1,063.3) MILLION, AN INCREASE OF 11 PERCENT​.REUTERS POLL: BETSSON Q3 REVENUES WERE SEEN AT SEK 1,218 MILLION, OPERATING PROFIT 212 MILLION SEK.‍PLANS TO LAUNCH FRONT-END FRAMEWORK OBG FOR CASINO AND SPORTSBOOK ON APPS AND DESKTOP DURING 2018.‍PLANS TO INVEST MORE IN MARKETING TO CAPITALISE ON THE IMPROVED PRODUCT OFFERING.EXPECTS THAT REVENUES FROM REGULATED MARKETS WILL CONTINUE TO GROW AND THEREBY INCREASED BETTING DUTIES PAID​.  Full Article

UPDATE 1-Betsson Q3 operating profit beats expectations

* Q3 GROUP REVENUE WAS SEK 1,426.8 (1,180.6) MILLION, AN INCREASE OF 21 PERCENT