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Boss Media announces first quarter 2006 results

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The Swedish casino and poker software developer increased net sales by 36 per cent to SEK 75.5 million. Royalty revenues were up 43 per cent to SEK 60.7 million, while profit after financial items was SEK 11.8 million and net profit was SEK 7.5 million.

Business activities during the first quarter include a new agreement with Synot Lotto, the delivery of a gaming system to Bonnier Gaming and the launch of the Svenska Spel poker site.

Boss Media also acquired 20% in the Hong Kong based e-sports provider Bele Ltd, the company which holds the exclusive E-Sport World Cup license for China.

After the close of the reporting period, Boss Media renegotiated the casino license agreement with Betandwin extending the contract to August 2007.