Key Takeaways
- Swedish company Betsson has reported overall revenues up by over 30% in its second quarter, but online poker revenues have fallen 16%.
- The report blames the “continued decreased level of activity in poker networks,” but then points out an additional factor, “as well as due to Betsson terminating its cooperation with unprofitable poker customers.”
Swedish company Betsson has reported overall revenues up by over 30% in its second quarter, but online poker revenues have fallen.
Gross profits of SEK18.5 million ($2.7 million) in the three months ending June 30 were 16% lower than the SEK22 million ($3.2 million) reported in the same quarter last year.
Poker now accounts for only 2.9% of the company’s profits, down from 4.6% in 2013.
