Betsson Shares Drop Nearly 20% as Q1 Profit Falls 47% on B2B Revenue Slide

Swedish online gambling giant Betsson AB saw its shares plunge as much as 20% on the Stockholm exchange on Wednesday after preliminary first-quarter results revealed a 47% collapse in operating profit, driven by a sharp downturn in its B2B licensing segment. The company reported expected revenue of 285 million euros for the first three months […]