Betsson Poker Revenue Falls 40 Percent

Thursday April 28, 2011

Betsson Poker today published its interim financial report for the first quarter of 2011 and it made for grim reading for the company's poker vertical.

Revenue was down 40 percent to SEK18.3 million from SEK30.3 million a year earlier.

Compared to the final quarter of 2010 poker revenue was down 31 percent.

Poker now makes up just 5.5 percent of Betsson's business which includes sports book, bingo, and casino. This compares with just over 10 percent one year ago and 16 percent in the first quarter of 2009.

Overall revenues at the company grew by 14 percent to SEK417.4 million compared to SEK367.7 million a year earlier.