Betsson Poker Profit Falls 12 PercentOnline Poker At Swedish Gaming Operator Continues To Languish |
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Gross poker profit at Betsson Plc, the Swedish online gaming operator, fell 12 percent to SEK21.5 million (€2.38 million) percent in the third quarter of 2011 from SEK24.4 million a year earlier.
Poker now makes up just 5.5 percent of Betsson’s total revenue, down from 16 percent in the first quarter of 2009.
While poker fell, year-on-year, it rose 26 percent on the previous quarter when it was SEK17.1 million.
Overall Betsson, which also operates online sportsbook and casino businesses, saw gross profit up 29 percent to SEK389.1 million (€43 million) in the third quarter from SEK275.6 million a year earlier.
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