Tag Archives: Betsson AB

Playtech trades with confidence to mitigate first stage COVID-19 impacts

Playtech Plc corporate performance remains in-line with expectations despite its business units trading in unprecedented circumstances. Playtech explained that its performance is currently tracking better than the company had anticipated in publishing its mid-March COVID-19 update.  Publishing a snapshot of key metrics, Playtech detailed a ‘strong Q1 2020 period’, in which the FTSE technology group delivered an adjusted EBITDA of …

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Swedish leaders warn Minister Shekarabi of channelisation consequences  

CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …

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GiG strengthens sportsbook profile as recovery blossoms

Following four consecutive quarters of decline, a reformed Gaming Innovation Group (GiG) has welcomed a return to performance growth. As part of its Q1 2020 trading update, the Stockholm-listed online gambling technology supplier explained that it is benefiting from a group transformation and cost savings programme implemented during 2019, as corporate revenues return to €31m (Q1 2019: €32m). Operational highlights …

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Suaposta rebrands to reposition for Brazil’s new horizons

Brazilian online racebook Suaposta has revealed its new brand identity, as the heritage firm transitions to a new era becoming a sportsbook property of Betsson AB. Since 2012, Suaposta has operated as Brazil’s sole regulated online wagering platform offering bets on horseracing licensed by The Ministry of Agriculture and Livestock, operating in partnership with Rio Grande do Sul Jockey Club. …

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Transitioning GiG faces B2C and B2B declines closing tough 2019

Stockholm-listed Gaming Innovation Group (GiG) has detailed confidence in its future outlook and prospects as the company transitions to becoming a single-focus B2B technology incumbent. This morning, GiG published its Q4 2019 results, recording corporate declines across all major operating metrics and citing a number of factors impacting both B2C and B2B performance. Recording a 26% decline in Q4 2019 …

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GiG divests B2C arm to Betsson AB for €31 million

Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has disclosed that it will divest its entire B2C unit to Betsson AB. The company confirmed that it has agreed terms on a share purchase agreement worth €31 million, consisting of a €22.3 million cash payment for the assets on top of a further  €8.7 million prepaid platform fee. …

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Betsson AB sees no home comforts closing tough 2019

Publishing its full-year 2019 results, Stockholm-listed online gambling group Betsson AB details that it has achieved its strategic goals in a year of tough industry challenges and corporate adjustments. Tougher operating conditions within its Nordic home markets and the Netherlands see Betsson record a 5% decrease in group revenues to SEK 5,173m / €493m (FY2018: SEK 5,419m). Lower group revenues …

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Betsson inks new partnership with ibet

Online gambling group Betsson AB has strengthened its network of partnerships after inking a new sportsbook B2B deal with ibet ahead of its launch in May. ibet will be launched prior to the Euros by Malta-based Claymore Group whose executive team has also run one of the largest Asian gaming operators, LeTou. Under the terms of the partnership, ibet’s partnership …

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Betsson moves on full CSR transparency by launching OneBetsson.com

Betsson AB has launched onebetsson.com, a new information portal detailing full transparency on the firm’s social responsibility directives and sustainability initiatives. Onebetsson.com will allow the public to access information and maintain progress on Betsson’s ongoing social commitments, partnerships, action plans and corporate social responsibility directives. Launching a key platform, Jesper Svensson, CEO for Betsson Operations, said: “At Betsson, we have …

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Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

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