Tag Archives: Betfirst

Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …

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 …

Belgium’s six regulated gambling operators have signed a duty of care agreement, ushering in a new prevention policy for the national industry based on four pillars. The six members of the Belgian Association of Gaming Operators (BAGO) – Ardent Group, BetFirst, Golden Palace, Star Casino, Kindred and Napoleon – signed the agreement earlier this week. Now that the new policy has …

Betsson AB CEO Pontus Lindwall insists that the global gaming group has ‘not shut the door’ on the Netherlands despite withdrawing its licence application there. The CEO addressed investors in a conference call this morning, alongside Chief Financial Officer, Martin Öhman, providing updates on cross-market developments and investments following the announcement of ‘all-time high’ revenues in H1 2023. Mapping Europe …

Betsson AB trades with confidence as its business continues to achieve record ‘all-time high’ results, whilst its brand portfolio enhances its profile within new markets.  Publishing its Interim H1 2023 results, Betsson achieves ‘another record-breaking quarter’ generating Q2 revenues of €237m up 27% on 2022 comparative results of €186m. Of significance to the Stockholm-listed firm is the metric that “revenue …

Betsson AB has alerted investors that Q2 2023 will generate the highest revenue ever in a single quarter recorded by the Stockholm-listed online gambling group.  Investors were informed that the operator’s Q2 revenues are expected to be in the range of €235.5m to €237.5m. The strong financial performance is due to increased customer activity in casino and sports betting, resulting …

The board of Betsson AB has disclosed this morning that it has secured definitive terms to acquire Belgium sportsbook and casino brand betFIRST in a €120m cash offer.  Deal terms have been agreed with betFIRST Group, as Betsson AB takes a podium position in the Belgium igaming marketplace. The up-front consideration for the acquisition is set at €117m, which is …

Belgian sports betting firm Betfirst Group is likely to be put up for sale after parent media organisation Sagevas SA asked Rothschild Bank to investigate options for the company. Sagevas’ investors, driven by founding shareholder IPM group, have agreed to ‘examine the strategic options’ for the bookmaking operation, with a sale to a third party a likely outcome. Betfirst received …

There are many considerations an operator must make when entering a market for the first time. Important decisions in the fields of tech & infrastructure, product and marketing strategy must be made, all while navigating an unfamiliar regulatory framework. And in many cases, operators must make these decisions before entering a market that already has its own established operators embedded …

Betting’s C-level agenda holds no respite, as European markets prepare for another round of COVID-19 restrictions and lockdown enforcements.    Moderating a CEO panel at this morning’s Betting on Sports Europe – Digital, Keith O’Loughlin, SVP of Sportsbook & Platforms for SG Digital, asked participants whether a second wave has created further disruptions for betting returning to any semblance of normality. …