Betsson Group revenues suffer 10% decline in Q4

Decreases reported in both online casino and sports betting as Swedish market pains and low sportsbook margins hit home

Betsson Group has reported a 10% year-on-year (YoY) fall in revenues for Q4 2019, with the Malta-headquartered operator highlighting “weak development” in the Swedish, Dutch and Norwegian markets. Group revenues in the period were SEK1,289.5m (£103m), with online casino down 10% YoY to SEK964.1m (£77m) and sportsbook down 9% YoY to SEK311.6m (£24.8m). Sportsbook margin…

Betsson Group | Finance | Nordic | Online gambling | Pontus Lindwall | Sports betting | Sweden