Online Casino Transfer: News - GTech, Betsson Numbers In

08/15/2010		Online Casino Style: News GTech, Betsson Numbers In
Home History Games News Dictionary		Two different leaders in the online gambling market released their second quarter results this week, marking improvements made over last year for both Betsson and GTech G2. GTech G2 continues to amaze competitors in a tough market with agreement after agreement, deals signed one after another. The Lottomatica subsidiary specializes particularly with internet gambling software, and its client roster includes some of the biggest names in the internet casino world. Their brands are well recognized, including St Minver, Finsoft, Dynamite Idea and Boss Media. It should come as little surprise, then, that their revenue and profits reflect the strong year in 2010, with the second quarter totals up 7.4 percent from the same period last year, to €18.4 million. The stats from the first half of the year, from the beginning of January through the end of June, were also up, hitting about €36.7 million, an increase of 6.5 percent compared with 2009. Online gambling in the interactive division made for a significant sector of the growth, with total wagers from this category up 27 percent from the first half of last year, to €205.6 million. More growth is planned for in the future as well, with the management team at Lottomatica saying that a deal was in the works for GTech to cater to the needs of the World Lottery Association, developing a number of platforms for use all over the globe. Other victories included GTech’s securing of deals in Canada with the provincial government’s brands of the British Columbia Lottery Corporation and the Atlantic Lottery Corporation Meanwhile, Betsson was doing their own share of celebrating this week, with confirmation that their second quarter numbers were also up from last year. The group, based out of Sweden, saw a 29 percent increase in revenues up to $49.1 million, a jump even from the first quarter’s growth of 17 percent. Operating income was also up, an impressive 43 percent to $11.9 million. Betsson had the fortunate opportunity to increase their cash funds as well, continuing to remain debt-free, while increasing reserves to $70.6 million.

08/15/2010

Online Casino Style: News
GTech, Betsson Numbers In

Two different leaders in the online gambling market released their second quarter results this week, marking improvements made over last year for both Betsson and GTech G2. GTech G2 continues to amaze competitors in a tough market with agreement after agreement, deals signed one after another. The Lottomatica subsidiary specializes particularly with internet gambling software, and its client roster includes some of the biggest names in the internet casino world. Their brands are well recognized, including St Minver, Finsoft, Dynamite Idea and Boss Media.

It should come as little surprise, then, that their revenue and profits reflect the strong year in 2010, with the second quarter totals up 7.4 percent from the same period last year, to €18.4 million. The stats from the first half of the year, from the beginning of January through the end of June, were also up, hitting about €36.7 million, an increase of 6.5 percent compared with 2009.

Online gambling in the interactive division made for a significant sector of the growth, with total wagers from this category up 27 percent from the first half of last year, to €205.6 million. More growth is planned for in the future as well, with the management team at Lottomatica saying that a deal was in the works for GTech to cater to the needs of the World Lottery Association, developing a number of platforms for use all over the globe. Other victories included GTech’s securing of deals in Canada with the provincial government’s brands of the British Columbia Lottery Corporation and the Atlantic Lottery Corporation

Meanwhile, Betsson was doing their own share of celebrating this week, with confirmation that their second quarter numbers were also up from last year. The group, based out of Sweden, saw a 29 percent increase in revenues up to $49.1 million, a jump even from the first quarter’s growth of 17 percent. Operating income was also up, an impressive 43 percent to $11.9 million. Betsson had the fortunate opportunity to increase their cash funds as well, continuing to remain debt-free, while increasing reserves to $70.6 million.