Tag Archives: netplay tv

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 shuts down NetPlay subsidiary TV & London profiles

Continuing its restructure/realignment of assets and divisions, Stockholm-listed online gambling group Betsson AB has confirmed that it will undertake a new strategy for its UK-centric brands in 2019. Betsson management has confirmed that it will not renew TV contracts for its NetPlay interactive gaming subsidiary with UK broadcasters ITV and Channel 5 (Viacom). The decision sees Betsson refocus on developing …

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Oryx Gaming set to acquired by Breaking Data Corp in €7.5m deal

Copyright: kovaleff / 123RF Stock Photo

GIVEMESPORT owners Breaking Data Corp has revealed plans to make a strategic manoeuvre into the betting and gaming world, via the strategic acquisition of Oryx Gaming for €7.5m. Renaming the firm Bragg Gaming Group upon completion, ex-NetPlay TV Chief Financial Officer Akshay Kumar is set to be brought in to occupy a similar role, as Breaking Data plans to leverage …

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Pontus Lindwall – ‘No Cost Saving Plan’ for Betsson’s 2018 recovery

Presenting Betsson AB’s Q4 2017 quarterly update, Group Chief Executive Pontus Lindwall is upbeat with regards to his firm’s 2018 outlook, despite recent setbacks. Lindwall the former Betsson AB Group Chairman, who last September retook leadership of the Stockholm-listed enterprise, following the departure of Ulrik Bengtsson as CEO, outlines the group’s ‘restructuring plan’. Closing a turbulent 2017, in which Betsson …

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Betsson AB seeks to bolster group efficiencies following turbulent 2017 trading

Despite recording a strong end-of-year, Stockholm-listed online gambling group Betsson AB has reported full-year 2017 declines in operating income and earnings, as governance moves to streamline company operations. Publishing its 2017 results, Betsson would record, improved Q4 2017 group revenues of SEK 1,25 billion boosted by favourable sporting results recorded during the Q4 trading period. However, Betsson has had to …

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Ulrik Bengtsson – Betsson fine tuning casino & betting products for UK expansion

Presenting to investors Betsson AB’s H1 2017 interim report, company CEO Ulrik Bengtsson states that his firm has recovered and further progressed its position from a turbulent 2016 in which the operator faced multiple operational challenges. Having emphasised product development and strategic acquisitions, Bengtsson states that Betsson has comeback stronger, ‘increasing its market share in the ultra-competitive Scandinavian online gambling market‘ and …

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Betsson AB reduces 2017 dividend program in order to support corporate strategy

Issuing a market update, the governance of Stockholm Nasdaq-listed Betsson AB has informed that the company has changed its investor dividend policy ‘in order to increase the company’s financial capabilities’ in order to be active in the consolidated European online gambling sector. The new dividend scheme will be applicable as of this year and will see Betsson governance reduce its …

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Betsson delivers growth despite turbulent 2016

Stockholm-listed European sports betting operator Betsson AB is pleased to have grown its core business metrics, despite facing multiple operational challenges and unfavourable conditions throughout 2016. Closing its 2016 performance, Betsson governance was pleased at the company’s ‘positive development’ which had seen the operator overcome severe currency fluctuations and lower betting margins impacts in H1 2016. Furthermore, repeating all-round industry …

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Betsson targets UK expansion with NetPlay TV £26 million acquisition

Stockholm-listed European sports betting operator Betsson AB continues its aggressive M&A growth strategy in 2017, by confirming the acquisition of London AIM-listed interactive gaming operator NetPlay TV. Updating the market this morning, Betsson governance detailed that it had acquired all-equity in NetPlay TV for a total consideration of £26.4 million, purchasing all NetPlay assets outright, with a view of increasing …

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Guy Templer appointed Chief Operating Officer of Rational Group

Garbo - Copyright: lucadp / 123RF Stock Photo

Guy Templer has been appointed as Chief Operating Officer of Rational Group, the operator of the world’s largest poker business, PokerStars. Templer, who is currently Chief Strategy Officer, will assume the role on January 1 and continue to report to Rafi Ashkenazi, CEO of Amaya and Rational Group. He will be responsible for the day-to-day management of significant parts of …

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