Tag Archives: Betsson AB

Betsson AB is optimistic about “progress across all fronts”, and anticipates regulation in Brazil to provide an extra boost to its outlook, group CEO Pontus Lindwall informed SBC News in an exclusive interview. Having reported record-breaking full year revenue of €777m and Q4 earnings of €220m, marking a respective 18% and 40% growth rate, Lindwall continues to earmark Latin American …

Betsson AB expects to declare record-breaking results for Q3 2022, underlining the continued progress of the Stockholm-listed online gambling group’s diversified global growth strategy. Issuing a trading update, Betsson forecasts Q3 corporate revenues to stand at €199-to-€201m – an outcome that will register “the highest level of revenues ever achieved by Betsson in a single quarter”. Peak revenue performance will …

Betsson AB has expanded its technology partnership with Gaming Innovation Group (GiG), which will serve as the lead platform provider for its burgeoning Colombian business.  In the summer of 2020, Betsson entered Colombia’s regulated online gambling marketplace, acquiring a 70% stake in market-leading sportsbook operator ColBet – an asset subsequently rebranded to Betsson.co.  GiG has supported Betsson’s Colombian market expansion, …

William Hill has confirmed that Ulrik Bengtsson has stepped down as Chief Executive of the company, which expects to complete its sale to 888 Holdings on 1 July. Issuing a statement, Bengtsson told investors that he had accomplished the objectives of his leadership tenure, which saw William Hill internationally diversify its business, followed by its £3 billion sale to Caesars …

Betsson AB has disclosed that it has successfully completed a transaction to issue a total of €90 million in unsecured bonds. The transaction forms part of a new financial framework, entered by Betsson, that will allow the Stockholm-listed operator to issue up to €250 million in unsecured bonds over a three-year period.  Terms of the framework see Betsson agree to …

The Malta Gaming Authority (MGA) has confirmed that its former Chief Technology Officer (CTO) Jason Farrugia and his wife Christine Farrugia have been charged with a range of financial crimes.  These include money laundering, accepting bribes, fraud and trading in influence by abusing his leadership position as CTO of the MGA, according to The Times of Malta.  Additional charges include fraud …

Betsson AB has reported a strong performance across multiple verticals and markets in the first quarter of the year, although acknowledging a slight decline in casino revenue amid continued regulatory hurdles impacting Western European income.  The Stockholm-listed online gambling group recorded an 8% increase in total group revenue during Q1 to €170.2 million (2021: €157.4m), coupled with a 5% rise …

The GUTS.com brand and website has been refreshed under the domain of Betsson AB subsidiary Zecure Gaming. Betsson took control of GUTS.com, the former flagship online casino and sportsbook property of Gaming Innovation Group (GiG), in Spring of 2020, following its acquisition of GiG’s B2C portfolio for €22m. Ownership of GUTS.com was transferred to Zecure Gaming which was charged with …

Betsson AB has debuted its first US market property, launching the Betsafe sportsbook app in the state of Colorado. Entering the US market, Betsson stated that it had built a US-customized sportsbook to support Betsafe’s partnership with Colorado’s Dostal Alley Casino.  The Stockholm-listed online gambling group has opened an office in Downtown Denver and has moved to support its regional …

Betsson AB has confirmed the appointment of Roland Glasfors as Vice President of Corporate Communications, Sustainability and Investor Relations. An expert in IR and CSR disciplines, he joins the firm’s executive leadership team from Stockholm Nasdaq-listed instant payments and open banking systems provider Trustly AB. Glasfors has prior industry experience, having led investor relationships and stakeholder management for NetEnt AB …