Swedish online gambling operator Betsson has announced a 19 per cent increase in revenues for the first quarter of 2013, a rise tempered by a drop in operating income.
Revenues for the first three months of 2013 increased to SEK 638.7m (€74.7m) from SEK 536.1m (€62.7m) for the same period in 2013, equivalent to an increase of 19 per cent.
Operating income was down to SEK 161.1m (€18.8m) from SEK 174.1m (€20.4m), a fall of 7.5 per cent year on year.
Gross profit in casino rose to SEK 325.4m (from SEK 308.3m), which is lower than expected while gross turnover in sportsbook, including all gaming solutions, amounted to SEK 3,873.6m (€452.8m) - an increase of 47 per cent.
After allowances for free bets, the sportsbook margin was 6.7 per cent, down 0.5 per cent on Q1 2012 figures.
