Tag Archives: peru

Betsson AB has completed its ‘strategically important’ acquisition of market-leading Peruvian operator Inkabet for $25 million.  This morning, the Stockholm-listed online gambling group confirmed that it had finalised all necessary requirements to acquire Inkabet’s B2C online business – bringing a close to a deal that had been brokered last August. Under the terms of the acquisition, Betsson has agreed to …

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 …

Sports betting technology provider Kambi Group Plc has underlined its continued commercial momentum, securing Q2 revenues of €42.8 million, an operator trading margin of 9.3% and a net cash position of €84.5 million. Publishing its Q2 and H1 2021 interim results (period ending 30 June), Kambi generated period revenues of €86 million, up 102% on 2020 interim results of €43 …

Kambi Group will power the sportsbook ventures of newly launched South American market operator NG Gaming. The sportsbook technology systems supplier has disclosed that it has secured a commercial arrangement to serve as lead platform supplier for all NG Gaming sportsbook provisions, servicing the LatAm markets. The multi-year partnership will see Kambi support the imminent launch of Olimpo.bet – NG …

Grupo CIRSA, the Blackstone-owned Spanish gambling group, revealed that 2021 trading is ‘on par with company expectations’ as its global land-based units continue to be impacted by COVID circumstances.  Publishing a Q1 2021 trading overview, the CIRSA registered group operating profits of €28.6 million, generated from corporate revenues totalling €156 million. CIRSA underscored that period operating profits were generated against …

Betsson AB has agreed to invest €8.8 million in JDP Tech Ltd, a specialist payment processing firm for South American market transactions. The deal, undertaken through Betsson’s venture investment subsidiary Perch AB, will see the Stockholm-listed online gambling group acquire a 50% stake in JDP Tech. “This allows Betsson to secure customer payment flows for the continued expansion in Latin …

Peru’s Liga 1 football championship is set to undertake its first name change in more than 20 years as Betsson Peru, becomes forms a strategic alliance with the Peruvian Football Federation (FPF), confirmed this week. The partnership will see Liga 1 Peru’s top division of professional football renamed as the ‘Liga 1 Betsson‘, as the European online gambling group becomes …

Following 2020’s disrupted proceedings, leadership eyes have turned to 2021 to see whether LatAm governments will finally deliver on their regulated market agendas for sports betting.  As part of an evening deep dive on LatAm’s regulatory roadmap and political developments Kristal Rovira, Research Director of Americas for VIXIO, asked the panel whether any legislative progress has been achieved during 2020. …