Tag Archives: Pontus Lindwall

Betsson sportsbook diversification helps clear European drags

Betsson AB has reported a strong performance across multiple verticals and markets in the first quarter of the year, although acknowledging a slight decline in casino revenue amid continued regulatory hurdles impacting Western European income.  The Stockholm-listed online gambling group recorded an 8% increase in total group revenue during Q1 to €170.2 million (2021: €157.4m), coupled with a 5% rise …

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Pontus Lindwall: Positioning Betsson as a leading technology company

The gambling industry has changed substantially over the last few years, most notably with the growing influence of the online sphere on how we consume information and entertainment.  Speaking in the latest SBC Leaders magazine, Betsson Group CEO Pontus Lindwall explained that when he first entered the online gambling industry in 1996, the sector was very much in its infancy. …

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Betsson begins US journey in Colorado

Betsson AB has debuted its first US market property, launching the Betsafe sportsbook app in the state of Colorado. Entering the US market, Betsson stated that it had built a US-customized sportsbook to support Betsafe’s partnership with Colorado’s Dostal Alley Casino.  The Stockholm-listed online gambling group has opened an office in Downtown Denver and has moved to support its regional …

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Betsson onboards Roland Glasfors as Group IR lead 

Betsson AB has confirmed the appointment of Roland Glasfors as Vice President of Corporate Communications, Sustainability and Investor Relations. An expert in IR and CSR disciplines, he joins the firm’s executive leadership team from Stockholm Nasdaq-listed instant payments and open banking systems provider Trustly AB. Glasfors has prior industry experience, having led investor relationships and stakeholder management for NetEnt AB …

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Betsson delivers on 2021 targets but can’t hide scars of deep Euro impacts

Betsson AB has published its fourth-quarter update and FY2021 snapshot report, citing a tough closing to Q4 trading, with the Stockholm online gambling group still managing to deliver on its financial and corporate objectives.  The group praised its diversified business model and a geographical make-up that helped ease trading difficulties within mature markets. Headline Q4 metrics saw Betsson register group …

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Betsson secures Buenos Aires launch to strengthen LatAm profile

Betsson AB has made another step forward in its Latin American expansion strategy, having secured a licence to offer its casino product in the city and province of Buenos Aires.  The Nasdaq Stockholm-listed gambling group collaborated with local land-based operator Casino de Victoria, part of Grupo Mautone, in order to initiate the launch. The firm intends to leverage its new …

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Euro market adjustments see Betsson anticipate a tougher 2021 landing

Betsson AB has maintained confidence in its sports betting operations, with revenue in the sector offsetting a decline in casino, whilst also lauding its acquisitions strategy but acknowledging hurdles in the newly regulated Dutch market. Publishing its Q3 trading update, the Nasdaq Stockholm registered group reported overall revenue of SEK 1,733.3 million, representing a 3% increase on the corresponding quarter …

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Betsson withdraws Lindwall CEO exit as headwinds loom

The board of Betsson AB has withdrawn its decision to replace Pontus Lindwall as Group CEO.  The decision follows a consideration of the Stockholm-listed group’s ‘near-to-mid future priorities’, made in light of Betsson’s unexpected failure to secure a Dutch KOA online gambling regime licence and to help further execute new market expansion projects in the US and LaTam. This September, …

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Betsson secures Peru top spot by completing $25m Inkabet takeover 

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 …

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