Betsson

Betsson’s betFIRST launches Belgium online casino

betFIRST has partnered with Middelkerke Casino to launch a new online casino in Belgium.

The Betsson-owned sportsbook became the first to obtain an online sports betting licence in Belgium back in 2011, and now aims to become the leading operator in the country with its recently secured A+ casino licence.

Betsson Operations CEO, Jesper Svenssen, stated: “We acquired a market leader in Belgium last summer, and we are delighted that we are already able to add further value for the business through this unique partnership.”

June 2023 saw the board of Betsson AB disclose that it had officially secured definitive terms to acquire betFIRST in a €120m cash offer. 

Deal terms were agreed with betFIRST Group, as Betsson AB took a podium position in the Belgium igaming marketplace.

The up-front consideration for the acquisition was €117m, with an additional €3m paid out by Betsson as earnout incentives, ‘should certain agreed financial targets be reached’.

“betFIRST already boasts the best performing and fastest sports-betting app in the Belgian market, and we aim to replicate this success with the most extensive mobile casino offering in Belgium,” added betFIRST CEO, Alexis Murphy.

Launched in partnership with Partouche Group’s Middelkerke Casino, the new deal will see Betfirstcasino.be feature a range of slots, table games and live casino products.

Partouche CEO, Fabrice Paire, concluded: “We will soon be opening what will be the most iconic casino in Belgium, housed in the landmark building constructed by the municipality of Middelkerke. 

“It is only right that we partner with the leading Belgian betting and gaming operator to make a success of this new venture in both the physical and online world.”

Check Also

Betsson AB CEO Pontus Lindwall

Betsson rewards investors €89m dividends to celebrate Jubilee 2023 results 

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as …

Nils Andén, Kindred CEO

Kindred counts cost of US withdrawal as FDJ demands Norway exit ahead of takeover

Kindred Group Plc will continue to prioritise enhancing operating efficiencies and cost controls, with shareholders …

SBC News BAGO questions new gambling laws in Belgium

BAGO questions new gambling laws in Belgium

The Belgian Association of Gaming Operators (BAGO) has come out with a statement criticising the …