Edition:
United States

Betsson AB (BETSb.ST)

BETSb.ST on Stockholm Stock Exchange

66.52SEK
16 Feb 2018
Change (% chg)

1.20kr (+1.84%)
Prev Close
65.32kr
Open
65.56kr
Day's High
66.98kr
Day's Low
65.50kr
Volume
644,859
Avg. Vol
1,146,801
52-wk High
85.65kr
52-wk Low
57.70kr

Latest Key Developments (Source: Significant Developments)

Betsson Q4 operating profit just beats forecasts
Thursday, 8 Feb 2018 01:30am EST 

Feb 8 (Reuters) - Betsson Ab ::Q4 ‍GROUP REVENUE WAS SEK 1,256.4 (1,118.5) MILLION​.Q4 ‍OPERATING INCOME (EBIT) WAS SEK 218.4 (265.1) MILLION​.SAYS ‍BOARD OF DIRECTORS PROPOSES TO AGM THAT SEK 393.1 (658.9) MILLION, WHICH CORRESPONDS TO SEK 2.84 (4.76) PER SHARE, IS DISTRIBUTED TO SHAREHOLDERS​.SAYS ‍RESTRUCTURING COSTS OF APPROX. SEK 15 MILLION WILL BE TAKEN IN Q1 2018.REUTERS POLL: BETSSON Q4 REVENUES WERE SEEN AT SEK 1,238 MLN, OPERATING PROFIT AT 215 MLN, DIVIDEND AT 2.76 SEK/SHARE​.  Full Article

Betsson Q3 ‍EBIT at SEK 216 mln, above expectations
Friday, 20 Oct 2017 01:30am EDT 

Oct 20 (Reuters) - BETSSON AB :Q3 ‍OPERATING INCOME (EBIT) WAS SEK 216.0 (272.9) MILLION, A DECLINE OF 21 PERCENT​.Q3 GROUP REVENUE WAS SEK 1,180.6 (1,063.3) MILLION, AN INCREASE OF 11 PERCENT​.REUTERS POLL: BETSSON Q3 REVENUES WERE SEEN AT SEK 1,218 MILLION, OPERATING PROFIT 212 MILLION SEK.‍PLANS TO LAUNCH FRONT-END FRAMEWORK OBG FOR CASINO AND SPORTSBOOK ON APPS AND DESKTOP DURING 2018.‍PLANS TO INVEST MORE IN MARKETING TO CAPITALISE ON THE IMPROVED PRODUCT OFFERING.EXPECTS THAT REVENUES FROM REGULATED MARKETS WILL CONTINUE TO GROW AND THEREBY INCREASED BETTING DUTIES PAID​.  Full Article

CEO Ulrik Bengtsson leaves Betsson
Monday, 4 Sep 2017 07:55am EDT 

Sept 4 (Reuters) - Betsson Ab :CEO Ulrik Bengtsson leaves Betsson .Says betsson ab's board of directors has decided to appoint Pontus Lindwall CEO of Betsson until a new CEO has been recruited. Ulrik Bengtsson has chosen to leave his position immediately.In connection with this appointment, Pontus Lindwall’s role as Chairman of the Board will be assumed by the Board member Patrick Svensk until further notice.  Full Article

Betsson Q2 EBIT beats forecasts, sees promising start to Q3
Wednesday, 19 Jul 2017 01:35am EDT 

July 19 (Reuters) - Betsson AB :Q2 organic revenue growth was 15 percent.Betsson Q2 operating profit SEK 207 million versus SEK 200 million seen in Reuters poll.The daily revenue in the beginning of the third quarter was, as expected, much higher than the average daily revenue for the full third quarter 2016..  Full Article

Betsson asks Commission to re-open infringement proceedings against the Netherlands
Friday, 7 Jul 2017 02:30am EDT 

July 7 (Reuters) - Betsson AB :Betsson asks the European Commission to re-open infringement proceedings against the Netherlands.  Full Article

Betsson beats EBIT forecasts Q1
Thursday, 27 Apr 2017 01:30am EDT 

April 27 (Reuters) - Betsson AB :Q1 revenue increased by 10.2 percent to SEK 1,102 million Casino revenue increased by 23.0 percent..Says Q2 is normally seasonally weak.Says quarter has started with higher revenues than daily average for Q2 last year, but lower than daily average revenue for Q1 2017.Says underlying activity remains strong.Q1 EBIT SEK 240.9 million (250.1).Reuters poll: Betsson Q1 revenues were seen at SEK 1,116 million , operating income SEK 227 million.  Full Article

Betsson appoints Kaaren Hilsen new CFO
Friday, 21 Apr 2017 04:00am EDT 

April 21 (Reuters) - Betsson AB :Says appoints Kaaren Hilsen new CFO.Says Hilsen is currently CFO of Telenor Sweden, a position she has held for four years.  Full Article

Betsson says offer to acquire Netplay TV sanctioned by court
Wednesday, 29 Mar 2017 06:30am EDT 

Betsson : Says offer to acquire UK gaming operator Netplay TV sanctioned by court and will be completed . Says the total offer consideration amounts to GBP 26.4 million (on a fully diluted basis) and one-off transaction costs, which will be reported in the first quarter results, amounted to SEK 4.3 million .Says the currently outsourced customer service and payment operations will be centralised to Malta and crucial CRM and VIP functions will be moved closer to the rest of the Betsson business.  Full Article

Betsson says offer for Netplay TV approved by shareholders
Thursday, 23 Mar 2017 08:00am EDT 

Betsson : Says Betsson's offer to acquire UK gaming operator Netplay TV approved by shareholders .Says offer is still subject to the High Court of Justice sanctioning the offer.  Full Article

Betsson acquires Spanish Premier Casino for EUR 3 mln
Friday, 3 Mar 2017 02:00am EST 

Betsson : Says acquires licensed Spanish operator . Says purchase price payable in cash is EUR 3.0 million and the acquisition is expected to close at the end of March 2017 . Says enters the Spanish gaming market by acquiring the locally licensed online gaming operator Premier Casino .Says Premier Casino is a pure-play casino operator, but also holds General licenses for sports betting and other games online. The operator has 260,000 registered customers.  Full Article

Norway's oil fund should divest from gambling stocks, opposition says

OSLO, Feb 14 Norway's $1 trillion sovereign wealth fund, the world's largest, should be forced to sell its stakes in companies involved in the gambling industry, according to a proposal by two opposition parties in the Norwegian parliament.