In general, sports betting was the biggest source of revenue for the company. Gross turnover jumped 20%, with a margin of 8.3%. This contributed significantly to Betsson reporting record revenues for LatAm, Central and Eastern Europe and Central Asia.<\/p>\n
With most regions performing well, Betsson saw overall revenue 7.8% higher than a year ago. Sportsbook revenue increased by 22.4% to provide \u20ac61.6 million (US$62.7 million). On the other hand, casino revenue contributed \u20ac122.2 million (US$123.4 million). However, that was only \u20ac1.6 million (US$1.62 million) more than a year earlier.<\/p>\n
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As a result, gross profit closed at \u20ac118.8 million (US$120.95 million), a 2.6% increase. On the other hand, operating expenses amounted to \u20ac89.6 million (US$91.18 million), for a final operating income of \u20ac29.2 million (US$29.71 million). Compared to the second quarter of last year, this was a 22.7% drop.<\/p>\n<\/div>\n
After deducting marketing, personnel costs, additional expenses, and tax, the net income for the quarter was \u20ac28.6 million (US$29.09 million). That equates to a drop of 14.1% from Betsson\u2019s net income in the second quarter of last year.<\/p>\n
For the first six months of the year, Betsson is seeing mixed results. The six-month period produced revenue of \u20ac356.4 million (US$260.86 million), a year-on-year increase of 7.9%. However, gross profit lost 3.5%, closing at \u20ac225.8 million (US$229.72 million).<\/p>\n
However, total net income is down 13.4%, to \u20ac49.4 million (US$50.27 million). At the same time, operating income is \u20ac52.8 million (US$53.71 million), but operating expenses are \u20ac173 million (US$176 million).<\/p>\n","protected":false},"excerpt":{"rendered":"
Gaming operator Betsson has provided its financial health report for the second quarter of the year. Its Latin American gaming operations are on fire. However, its European activity isn\u2019t doing so well. Betsson reported revenue of \u20ac186.3 million (US$189.5 million) for the second quarter of 2022. Most of its verticals are on the upswing, especially […]<\/p>\n","protected":false},"author":64,"featured_media":222368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[13363,81919,81920],"acf":[],"yoast_head":"\n
Latin American Gaming Proves Massively Successful for Betsson - Casino.org<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n