Tag Archives: Betsson AB

Major shareholders at Betsson AB have stated that ‘they no longer have full confidence’ in Patrick Svensk, prompting the Chairman to resign from his position on the company’s Board. Svensk informed the company’s Nomination Committee that he would resign from the position he has held since 2017 with immediate effect, whilst the firm has disclosed that Board member Johan Lundberg …

The board of Betsson AB has informed that it has begun an executive search to find a replacement for Group Chief Executive Pontus Lindwall. The leadership succession has been authorised as Betsson’s board concludes that Lindwall has achieved all objectives of the group’s ‘Back on Track’ strategy under his stewardship. In September 2017, Lindwall re-took leadership of Betsson as the …

The leadership of Europe’s biggest online gambling firms have outlined their ‘collective ambitions’ to foster a stronger culture supporting safer gambling across all European markets. The leadership mandate was published by the European Gaming & Betting Association (EGBA) – the Brussels-based trade body charged with representing online gambling at an EU business and legislative level.   A letter co-signed by John …

Swintt has strengthened its corporate oversight, appointing Etienne Azzopardi as its new Chief Operations Officer, as the localised online casino and live dealer content provider aims to reach ‘the next level of success’. The new executive will be tasked with maximising Swintt’s product delivery, client launches and geographical expansion, whilst ‘keeping a close eye on customer needs’ supporting Swintt’s ongoing …

Betsson AB has continued its recent expansion in South American markets by announcing that it has reached an agreement to acquire the online business of sportsbook and casino operator Inkabet.  The deal has been formalised by Betsson subsidiary SW Nordic Limited, which has agreed to an initial consideration paying $25 million to acquire the Peru-licensed operator’s online assets. Further deal …

Betsson AB cites that strong sportsbook performance driven by two major continental football tournaments, has helped the Stockholm-listed online gambling group overcome Norwegian and Swedish regulatory headwinds. Publishing a Q2 trading update, Betsson registered a significant increase in its sportsbook trading margin to 8.5%, indexing  above its eight-quarter rolling average margin of 7.4%. Sportsbook growth was attributed largely to the …

Last month, Betsson AB disclosed its intentions to become a new player in Greece’s re-regulated online gambling regime, securing two Hellenic Gaming Commission (HGC) licences. Starting from ‘Ground Zero’, Betsson aims for growth within the high tax and brand saturated Greek marketplace.  Speaking exclusively to SBC, Chief Commercial Officer, Ronni Hartvig, and Greece MD Thanos Marinos stated confidence that Betsson’s …

NordicBet has resumed and extended its title sponsorship of Danish football’s first division league for a further consecutive season.  The Betsson AB sportsbook has served as principal partner to Denmark’s second-ranking football division since 2017, seeing it carry the title name of the ‘NordicBet Liga’. However, during the 2020/2021 season, Nordicbet was forced to pause its sponsorship due to unforeseen …

Betsson AB states that it has ‘broadly achieved’ its opening objectives to 2021 trading, maintaining strong geographical growth despite facing operating challenges within Germany and Norway.  Detailing its Q1 finances, the group achieved total revenue of SEK1,592.8  million, an increase of 12%, whilst operating income (EBIT) stood at SEK276.1 million, representing an increase of 6% with a 17.3% EBIT margin. …

Betsson AB has reported an ‘all-time high’ record fourth-quarter performance, having recorded sustained growth despite ‘unprecedented challenges across all operating regions’. Publishing its full-year 2020 results, Betsson recorded Q4 group revenues of SEK 1,762 million (€175 million), up 37% on corresponding Q4 2019’s SEK 1,289 million. Record trading saw Betsson deliver ‘growth across all products and regions’ as Q4 online …