Tag Archives: Magnus Silfverberg

Betsson AB promotes Ulrik Bengtsson to Group CEO

Stockholm listed betting operator Betsson AB has confirmed the promotion of Ulrik Bengtsson as new Group CEO & President. The appointment of Bengtsson as Group CEO, ends Betsson AB governances search for its replacement of former leader Magnus Silfverberg. Bengtsson will take over corporate leadership from interim CEO Pontus Lindwall, who is set to return to his previous role of …

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Betsson AB confirms acquisition of Europe-Bet for $50 million

European sports betting operator Betsson AB, has confirmed is acquisition of Georgia licensed betting operator Europe-Bet for a purchase price of $50 million (£31 million). Detailing the acquisitions final terms, Betsson AB will pay Europe-Bet holding company Chempionebi an additional sum of $35 million upon completion of one year under its management, provided that Georgian gambling regulations remain unchanged. Should …

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Betsson announces record quarter performance as Magnus Silfverberg departs as CEO

European igaming group Betsson AB continues its year-on-year expansion recording its highest revenue quarter performance ever. Reporting on Q2 2015 revenues the operator recorded a 14 uplift to SEK 860 million (£64.5 million) up from Q2 2014 SEK 752 million. The Stockholm listed operator would announce growth on all core metrics, as the company recorded a net income of SEK …

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Betsson AB enters Georgia with $50 million Europe-Bet acquisition

European igaming and sports betting group Betsson AB has confirmed that it has passed all provisions to acquire Georgian betting operator Europe-Bet for a consideration of $50 million (£31 million). The acquisition deal will see Betsson become the second largest Georgian betting operator, taking 30% market share as the gambling group takes over Europe-Bet’s online and retail betting divisions. Betsson …

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Magnus Silfverberg steps down as CEO of Betsson AB

European sports betting operator Betsson AB has announced that CEO and President Magnus Silfverberg is set to step down. Betsson confirmed that Silfverberg will be temporarily replaced by his executive predecessor Pontus Lindwall, who will lead Betsson AB until a successor is found. Silfverberg leaves Betsson operations after six years’ service, of which had led the company as CEO from …

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Betsson eyes Eastern Europe expansion with potential Europe-Bet acquisition

European sports betting operator Betsson AB is eyeing expansion into the Eastern European sports betting markets with the potential acquisition of Georgia based operator Europe-Bet. Igaming news source EGR Magazine had speculated last week that Betsson governance were preparing a €100 million acquisition for Europe-Bet. Its is believed that both parties have been in advanced discussions for a number of …

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Betsson AB brands gain UKGC operational licence

European Malta based igaming and sports betting operator Betsson AB has confirmed that it has been granted a UK Gambling Commission (UKGC) operational license. The operator will continue to service the UK betting market through its Betsafe sportsbook and Mr Smith igaming brands. Betsson AB governance were pleased to announce the conformation of its UKGC license approval, the operator stated …

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Record Q4 performance sees Betsson AB hit all 2014 targets

European sports betting operator Betsson AB reported its highest ever quarterly revenue performance (Q4 2014) of SEK 814 million (£64 million) as the operator closed 2014 strongly. Betsson recorded Q4 2014, EBIT of SEK 256 million (£20 million), which helped maintain a strong net income performance of SEK 243 million (£19 million). The operators strong quarterly performance was driven by …

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Betsson AB posts strongest ever revenue quarter

Swedish listed igaming group Betsson AB reported its best ever quarter performance, recording a 30% revenue increase. During the interim period the operator had seen revenues increase to SEK 782.1 million (£67 million) (2013 Interim – SEK 603 million) The operators strong revenue generation, had been supported by a 36% increase in improved operating income which amounted to SEK 207.2 …

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