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Betsson AB (BETSb.ST)

BETSb.ST on Stockholm Stock Exchange

66.62SEK
20 Feb 2018
Change (% chg)

0.40kr (+0.60%)
Prev Close
66.22kr
Open
66.20kr
Day's High
67.00kr
Day's Low
65.80kr
Volume
662,413
Avg. Vol
1,136,248
52-wk High
83.25kr
52-wk Low
57.70kr

Latest Key Developments (Source: Significant Developments)

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

Betsson Q2 operating profit drops in line with expectations
Thursday, 21 Jul 2016 

Betsson AB : Q2 revenue increased by 9 percent to SEK 935.4 (860.6) million . Q2 operating income amounted to SEK 158.3 million SEK (213.8) . Betsson revenues were seen at 934 mln SEK, operating income 160 mln SEK . Says Q3 has started with daily revenue significantly above average of Q2 .Betsson issued a profit warning last month [nFWN19J0TX].  Full Article

Betsson posts preliminary Q2 results amid Sportsbook sales drop
Tuesday, 28 Jun 2016 

: Betsson ab says group revenues in q2 2016 are estimated to be between sek 920 million and sek 945 million, and operating profit (ebit) is estimated to be between sek 140 million and sek 175 million . Betsson ab says lower sportsbook revenues and unfavourable exchange rate fluctuations have had a negative impact on group revenues and earnings for q2 . Betsson ab says sportsbook revenues are estimated to be between sek 205 million and sek 230 million, compared to sek 206.4 million in q2 2015 . Betsson ab says lower than expected revenue is an effect of lower turnover in multiple markets, as well as losses in a strategic market . In addition, Betsson has closed a number of European markets during the past twelve months, as a consequence of a more conservative stance on what markets to accept players from . Betsson ab says exchange rate fluctuations are estimated to have a negative impact on revenues of approximately sek 30 million .Says April and May were challenging months for us in terms of sportsbook margin, but June looks better and activity is in line with expectations.  Full Article

Betsson says subsidiary wins gaming license in Latvia
Monday, 2 May 2016 

Betsson AB:Says is now licensed in Latvia.Says one of Betsson subsidiaries has for the brand Triobet, received a gaming license to operate in Latvia.Owns operations with local licenses in Malta, Denmark, UK, Ireland, Italy, Estonia, Georgia and Latvia.  Full Article

Norway's oil fund should divest from gambling stocks, opposition says

OSLO, Feb 14 Norway's $1 trillion sovereign wealth fund, the world's largest, should be forced to sell its stakes in companies involved in the gambling industry, according to a proposal by two opposition parties in the Norwegian parliament.