(NGM:BETT)
Betting Promotion achieved a gaming turnover of 2,116 MSEK (2,267) and a net turnover after fees of 8.0 MSEK (19.6) in the first quarter of 2010. This leads to a gross margin of 0.38% (0.87).
"The first quarter has shown a good betting turnover. The margin for the quarter has not reached expected levels. The trend of increased turnover within the live product has continued and we have expanded our coverage of live games significantly. We are in discussions with several parties regarding our newly developed bookmaking product," said Johan Moazed, Managing Director of Betting Promotion.
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Interim report will be published April 23, 2010.
Malmö April 9, 2010
For further information, please contact:
Johan Moazed, CEO Betting Promotion Sweden AB.
Tel +46 40 611 84 94
(For table, see attached file)
