Betsson Poker Revenue Falls 21 Percent in 2011Swedish Plc Sees Poker Drop By One Quarter |
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Online gaming operator Betsson Plc, owner of Betsson Poker, saw its poker revenue fall 21.4 percent in 2011 to SEK83.9 million (€9.6 million) from SEK106.7 million (€12.2 million) in 2010. This follows a drop of 19 percent in 2010 and 17 percent in 2009.
Fourth quarter 2011 poker revenue was SEK24.8 million (€2.8 million), up 15 percent on the previous quarter’s SEK21.5 million (€2.4 million) but down seven percent on the SEK26.7 million (€3 million) recorded in the same period of 2010.
In the final quarter of 2011 poker accounted for just 5.7 percent of overall gross profit at the company compared to 6.8 percent in the fourth quarter of 2010 and 10.1 percent in the last quarter of 2009.
Despite the decline in poker Betsson, which operates an online sportsbook, casino, bingo and games, saw overall revenue grow to SEK515.2 million (€58.7 million) in 2011 from SEK484.3 million (€55 million) in 2010.
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