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 …
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Flutter Entertainment has become the latest operator to join the European Gaming and Betting Association (EGBA). By joining the Brussels-based trade group, Flutter has reiterated its commitment to industry responsibility and safer gambling across the European betting and gaming sector, with the organisation representing EU licenced and regulated operators. The Dublin-based FTSE 100 company joins a range of prominent betting …
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888 Holdings is reportedly the winning party of the hotly contested auction for William Hill’s combined UK and European business assets – put up for sale by Caesars Entertainment. As reported by The Times, Caesars has accepted a +£2 billion buyout offer put forward by 888, out-bidding US private equity fund Apollo Global as the auction’s last remaining suitor. Coordinated …
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Betsson AB has continued its strategic expansion into new markets by disclosing that it has acquired a 28% stake in Canadian start-up Slapshot Media Inc. The investment led by subsidiary ‘Betsson Perch AB’ will provide Slapshot Media with CAD $3 million (€2m) in enterprise funding as the wider Betsson group commits to becoming a participant within Canada’s transformed gambling marketplace. …
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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 …
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Betsson AB has lauded its capacity to match operational scale demands, after the online gambling group posted record-breaking Q2 2021 earnings of SEK 472 million (€46m). Publishing its interim 2021 trading results (period ending 30 June), Betsson recorded Q2 group revenues to SEK 1.75 billion (€175m) – up 14% on corresponding 2020 results of SEK 1.53 billion. Q2 trading’s results …
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Betsson has expanded its Eastern European operations, establishing a position in the Belarusian betting and gaming sector via the launch of its Europebet brand. The new brand will encompass sports betting, online casino and poker offerings, marking the first time online poker has been offered in the Belarusian market, and has secured agreements with several gaming providers. Additionally, the NASDAQ …
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Lottstift has issued a stern warning to BLM Group, the Malta-based marketing subsidiary of Betsson AB, ordering the company to terminate all activities targeting Norwegian consumers. Norway’s gambling regulator has cited multiple instances of BLM Group infringing Norway’s advertising codes to promote the brands of Betsson, Betsafe, NordicBet, CasinoEuro and Norgesautomaten. Norwegian laws prohibit any marketing of online gambling services, …
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The ‘Fakta om Spel’ (Facts about Gambling) website has been launched by four of Sweden’s largest operators, with the aim of increasing awareness of the country’s gambling market. First announced last month and developed in cooperation with BOS, the Swedish Trade Association for Online Gambling, the new website has the backing of Betsson, Kindred Group, LeoVegas and William Hill. Fakta …
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Soft2Bet has strengthened its status in the European gaming sector after acquiring licences from the Malta Gaming Authority (MGA) for two of its brands, Campobet and YoyoCasino. CampoBet is one of Soft2Bet’s best performing brands in Europe, offering a range of sports betting options and casino games as part of a ‘all-in-one entertainment experience,’ whilst YoYo casino had be tailored …
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