Betting Promotion announces its financial report for Q4

Fourth quarter results highlight on overall margin of 0.89% for the business, an increase of 48% on the same period last year. This has been derived from improved trading systems and selective markets. Sales of the B2B bookmaker product has also shown substantial growth with a portfolio over 20 clients currently launched and in development. The Group reports an increased quarter on quarter betting turnover of 94% for the B2B product.

Jonas Ornstein, new CEO and existing Board Member, commented, “The Company has been left in very good shape following the recent departure of former CEO, Johan Moazed, and I wish to thank him for all his efforts over the last 10 years.”

Jonas, himself, has recently reported a new management structure with sees Richard Hogg retain his position as CMO and continuing the sales, marketing as well as business development of the business as a whole, and Oliver Zammit heading up finance and HR as on-going CFO.

Robert Wintersteller has been moved to Product Manager ensuring the business has a range of products to meet its own as well as client demands and Lars Berglund has moved to Market Manager working on the markets and risk management side of the business.

Richard Hogg added, “I am delighted to have seen such growth in the organisation and look forward to presenting an even better product in the coming months. Everyone should know this is our 10 year anniversary so we are determined to still be growing in another 10 years.”