Tag Archives: betsson

Betsson seeks new debt bond to pursue future growth options

Stockholm-listed Betsson AB has announced that it will pursue issuing a new senior unsecured bond, seeking to raise minimum debt funding of SEK 500 million (€47 million) tp help the firm’s ongoing expansion initiatives. Updating investors, Betsson governance has instructed Scandinavian investment banks Nordea and Swedbank to act as joint book-runners, leading the transaction’s investment procedures. Betsson governance discloses that …

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Betsson partnership sees GIG Comply maintain its tier1 status

Stockholm-listed online gambling group Betsson AB has become the latest industry incumbent to integrate Gaming Innovation Group’s ‘GIG Comply’ provisions across its digital marketing operations. Updating stakeholders, Betsson details that it has integrated the industry’s most sophisticated ‘compliance screening tool’ to support its ongoing multi-brand marketing campaigns. Helping operators adhere to diverse marketing compliance standards across multiple jurisdictions, GiG Comply is …

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Betsson H1 results disrupted by tough regulatory dynamics

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

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Betsson Spain sponsors After Brunch Pride Party

Betsson AB’s Spanish online gambling property Betsson.es has partnered with Madrid-based live music, youth culture and entertainment group After Brunch, becoming a lead sponsor of the upcoming ‘After Brunch Pride Party’. Hosted this Sunday 7 July, the After Brunch Pride Party is considered one of the major festive events of Madrid Pride, taking place at the City’s ‘Ventas Bull Ring’ …

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Industry leaders headline Betting on Sports 2019 conference

Betting on Sports

Jason Robins (DraftKings), Paris Smith (Pinnacle), Jose Duarte (BetCris), Dominik Beier (Interwetten), Lahcene Merzoug (ComeOn!), Jesper Svensson (Betsson), Carmelo Mazza (Betaland), Sergey Portnov (Parimatch) and Stan Reoutt (Fonbet) represent just a small selection of the industry CEOs taking to the stage at this year’s Betting on Sports conference. Organiser SBC Events has released the full agenda for the fourth edition of …

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Betsson named as the Official European Betting Partner of Alfa Romeo Racing

Stockholm-listed Betsson AB has been named as the new exclusive Official European Betting Partner for Alfa Romeo Racing as part of a new multi-brand deal. The new deal is set to cover a number of the Betsson Group brands, including Betsafe, Betsson and StarCasinò. The deal will see the operator’s branding shown on the Alfa Romeo Racing Car at the …

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Betsson overcomes Swedish adjustment period to post Q1 regional gains

Stockholm-listed Betsson AB has declared a strong start to 2019 trading, as the company reports ‘strong regional growth’ offsetting adjustments within its home market of Sweden. Publishing its Q1 2019 trading update (period ending 31 March), Betsson records a 10% group revenue increase to SEK 1,330.6 million (Q12018: SEK 1,210m), detailing growth across its casino (+10%) and sportsbook (+13%) verticals. Updating …

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Betsson rebrands ‘Oranje & Kroon’ Dutch online casino properties

Stockholm-listed Betsson AB has confirmed that it will rebrand its two Dutch-facing online casino properties of Oranje Casino and Kroon Casino. Moving forward, Kroon Casino will operate under its new identity of ‘Casino Winner’, whilst Oranje Casino will be rebranded to ‘Loyal Casino’. Betsson has operated both online casinos since 2014, forming part of its €40 million acquisition of Oranje …

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GVC and Hero become the latest to join Swedish gaming association

SafeEnt

GVC Holdings and Hero Gaming are the two latest gaming operators to join the Swedish industry association Branschföreningen för onlinespel (BOS) which encourages probity, integrity and social responsibility for operators. The membership is set to apply to all gaming brands under the GVC and Hero umbrellas, including GVC’s bwin, PartyPoker and PartyCasino. For Hero, this will cover its Casino Heroes, …

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Betsson appoints Martin Öhman as new Group CFO

Issuing a market update, Stockholm-listed Betsson AB has confirmed the appointment of Martin Öhman as inbound Group Chief Financial Officer (CFO), joining Betsson leadership on 1 September 2019. The appointment sees Betsson governance end its six-month executive search for a new corporate financial lead, following the departure of former CFO incumbent Kaaren Hilsen, who returned to Telenor Sweden last September. …

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