Betsson Office ta' xbiex by Sergio Morana

Releasing its figures for the second quarter of 2022, Betsson Group registered an all-time high of revenue largely driven by its sportsbook performance and growth in the Latin American and Central and Eastern Europe and Central Asia (CEECA) regions.

The operator reported group revenues of €186.3 million for Q2 2022, an increase of eight per cent year-on-year. Using the same yardstick, casino revenue also grew by one per cent and sportsbook revenue by 22 per cent, with a sportsbook margin of 8.3 per cent.

Furthermore, EBITDA for the period clocked in at €39.3 million, a year-on-year decline of 16 per cent with a margin of 21.1 per cent. Also on the decline was operating income to reach €29.2m, a decrease of 23 per cent. Net income clocked in at €28.6m, corresponding to €0.21 per share.

Meanwhile, active customers increased by 21 per cent year-on-year, reaching 1,246,719.

Pontus Lindwall
Betsson CEO Pontus Lindwall

“Betsson’s second quarter featured continued good growth with all-time high revenue and further investments to support our expansion,” said Betsson CEO Pontus Lindwall. 

“The group’s organic growth was 13 per cent, mainly driven by Latin America and the CEECA region, where we see long-term growth potential as these markets still have a low share of online gaming.”

Looking ahead, Mr Lindwall added:

“Despite uncertain capital markets, we recently refinanced our bond until 2025, which gives us financial flexibility to continue investing in both organic growth and selective acquisitions. We continuously monitor the macroeconomic trends but also note that historically Betsson’s business has been relatively unaffected by the general business cycle.

“The first weeks of July are off to a good start and despite the macro factors, we are rather optimistic as we look ahead to the rest of 2022, which has many planned activities for Betsson, including market launches in Mexico and Ontario, as well as the football World Cup during the seasonally strongest fourth quarter.”

Continue Reading

EGBA ‘delighted’ to be in Malta for quarterly meeting of the European online gambling associations platform

29 September 2022
by Helena Grech

It is the first in-person meeting of its kind since the pandemic

Malta ‘will continue to provide necessary tools to sector to see more growth’ – economy minister

28 September 2022
by Helena Grech

He also spoke of the Government's intention to set up an iGaming Council, managed by the Gaming Malta Foundation

Malta-based Kalamba Games appoints Elliot Scales in business development drive

28 September 2022
by Helena Grech

Further appointments are expected to bolster the developer’s team as it continues to sign new partnership agreements in territories globally

Merger of Kings Entertainment Group and Sports Venture Holdings to go ahead

28 September 2022
by Lea Hogg

Kings Entertainment describe this deal as transformative for the Canadian gaming sector and the merger will lead the new entity to a broader range of investors

See more
Close Bitnami banner
Bitnami