Betsson Q4 2008 Report
Betsson shows the way for the rest of the online casino industry with its latest financial results from the fourth quarter of 2008, which was its best quarter so far. This may come as a shock to other operations, given the current financial crisis in the world, where companies have to shut down, but online casinos and gaming sites seem to do better than ever, despite these uncertain economic times.
Betsson report from the fourth quarter was quite positive in every aspect of the company when they are on track to complete its first quarter of the new year. Analysts of the online gaming industry, predicts that even if last year was a record year for Betsson, 2009 can be much more challenging than last year. But revenue in the first quarter of 2009 shows that Betsson is going strongt – the numbers are still rock solid and the company hopes that this trend will continue.
The most noticeable highlight from the financial report of the gambling and online casino group was the growth of revenues by as much as 69 percent, figures that will surely make other gaming companies jealous.
In addition, the company’s earnings before taxes rose during the same quarter last year and also the total income after tax. For Betsson and many other online casino companies, this shows that there is still a market out there to go after.
Customers are primarily from the Nordic countries and Europe. Betsson AB is listed on OMX Nordic Exchange in Stockholm, Mid Cap (BETS).