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23-10-2007 Redbet reports strong results, Betsson launches financial game |
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The Swedish betting exchange reported a fourfold increase in third quarter revenues up to SEK 18.5m, with a net profit of SEK 2.1m and a registered customer base of almost 99,000. During the third quarter, Redbet also launched its poker product on the B2B, IPN and Ongame networks. Betsson extended its portfolio, which inludes a betting exchange, sports betting, poker, casino, bingo and lottery, with the launch of Betsson Trader, a financial game where customers can easily bet on the stock market. "To trade with stocks can be complicated, time consuming and it requires substantial capital. But to place a bet on the Betsson Trader does not require more clicks than placing a bet on a football game and you can place a bet with a little as 1 Euro. The Betsson Trader can be an interesting way to speculate in the stock market as well as it is a game, which like any other game adds excitement to life," said Pontus Lindwall, CEO of Betsson. In other news, Sweden's state-owned gambling monopoly Svenska Spel announced a profit of SEK 1.4 billion on total third quarter revenues of SEK 15.5 billion, with internet gambling growing rapidly and Svenska Spel controling 35 per cent of the Swedish market at the end of the period.The strongest growth was achieved by the online poker site, with a total of 110,000 active players and revenues for SEK 283 million during the first nine months of the year. |
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