Betsson AB Q1 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Martin Arnell - DNB Markets, Research Division - Analyst : So before we move into questions on the numbers, can we just touch upon sort of the latest in Sweden this morning? I know Sweden is nowadays a rather small market for you, but we had the Social Security Minister, Ardalan Shekarabi, comment about restrictions in the Swedish regulated market to protect the vulnerable Swedish consumers. What's your first take on these comments and sort of the rationale, et cetera? Any comments on that, please?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And you don't know if it's an actual -- if it's just a proposal or if it's actual regulation imposed right now?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And on the figures...

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And on your -- if we start with the trading update, you had 2% organic growth in April so far. Can you say anything on the growth split, Sports versus Casino, please?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. On -- and also on that trading statement, your GIG acquisition, that comes into the numbers from mid-April. So that's not included in the trading, correct?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Do you have similar growth expectations for the GIG brands as you have for your organic casinos?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And on the new brand replacing (inaudible), the Jalla Casino brand that you mentioned. You launched that a month ago, is that correct?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Yes. Okay. And how did you reason between organic initiative in pay and play versus potential for an acquisition?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And on -- the real numbers look quite incredible this quarter with local currency growth of like 170% or something. Was -- is there anything that has changed in that market that has benefited you in the near term or anything you've done on the product side?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And on the -- your cost efficiency and the outlook for that now with the sports events canceled and all of that. Is there anything new you're doing on costs? And how much is there left for you in this area in cost efficiency?

Question: Martin Arnell - DNB Markets, Research Division - Analyst : Okay. And just a final question. Returning to the first subject on the statements in Sweden today, do you see a risk for this spreading to other markets that may impact you more? without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. APRIL 23, 2020 / 8:00AM, BETS B.ST - Q1 2020 Betsson AB Earnings Call