Betsson has stated in a trading update that it expects a new record revenue and EBIT for the third quarter thanks to the performances of its sportsbook and casino and growth in Latin America.
In a statement on its website, the operator declared it expects group revenue to be in the range of $194.9m to $196.8m (Q3 2021: $166.5m) and EBIT in the range of $36.7m and $38.2m (2021: $31m) due to “continued strong development” and “high customer activity”.
Betsson noted that growth was “driven by the regions of Latin America and Central and Eastern Europe and Central Asia (CEECA)” as well as “the early start of the major European football leagues in August, due to the upcoming World Cup in November-December”.
The operator highlighted its sportsbook as developing into a more important part of its business due to product investments and geographical expansion into new markets.
Betsson’s preliminary sportsbook margin for Q3 stood at 8.3%, the same level as the previous two quarters, but higher than the average of the past eight quarters of approximately 7.7%.
Betsson will release its interim Q3 report later this month on October 26.
Last month, Betsson launched its online casino, live casino, and localized sports betting offering in Mexico.