Betsson AB has proclaimed a second successive year of record-breaking financial results and KPIs as it celebrates its 60th year in business. Publishing its full-year 2023 results this morning, the Stockholm-listed gambling group’s corporate revenues stood at €948m, up 22% on FY2022 results of €777m. Year trading saw the firm register a 60% increase in EBITDA to €262m (FY2022: €173m) …
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Betsson AB experienced a broadly successful third quarter of the year, with revenue growth throughout most geographic segments across both betting and casino verticals, albeit with the exception of the Nordics. Group-wide revenue rose 19% to €238m (Q3 2022: €200m) and EBITDA by 42% to €69m (€49m) with an accompanying margin of 29% (24%). This performance drove gross profit of …
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Betsson AB will enter the French sports betting market in the fourth quarter of 2023 trading. This morning, the Stockholm-listed online gambling group announced that it had secured a French license granted by l’Autorité Nationale des Jeux (ANJ). The approval allows the group to launch its flagship Betsson brand in partnership via a ‘local joint venture’. Updating investors, CEO Pontus …
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Gaming Innovation Group (GiG) has now made its casino platform live in Serbia through Betsson’s brand, Rizk. As GiG makes its debut launch in the Balkan country, the news follows an announcement in June of a similar launch for Rizk in Germany after approval from the Gluecksspiel (GGL). The latest expansion builds on a partnership that has grown to now …
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Betsson AB has bolstered its M&A options by completing a senior unsecured bond issuance of €75m. The €75m bond is authorised under a larger framework, which provides Betsson access to capital of up to €250m. The transaction is set at a three-year tenor, with the bond’s maturity date scheduled for September 2026. The interest rate is based on EURIBOR for …
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Betsson AB CEO Pontus Lindwall insists that the global gaming group has ‘not shut the door’ on the Netherlands despite withdrawing its licence application there. The CEO addressed investors in a conference call this morning, alongside Chief Financial Officer, Martin Öhman, providing updates on cross-market developments and investments following the announcement of ‘all-time high’ revenues in H1 2023. Mapping Europe …
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Betsson AB trades with confidence as its business continues to achieve record ‘all-time high’ results, whilst its brand portfolio enhances its profile within new markets. Publishing its Interim H1 2023 results, Betsson achieves ‘another record-breaking quarter’ generating Q2 revenues of €237m up 27% on 2022 comparative results of €186m. Of significance to the Stockholm-listed firm is the metric that “revenue …
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Betsson AB has alerted investors that Q2 2023 will generate the highest revenue ever in a single quarter recorded by the Stockholm-listed online gambling group. Investors were informed that the operator’s Q2 revenues are expected to be in the range of €235.5m to €237.5m. The strong financial performance is due to increased customer activity in casino and sports betting, resulting …
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The board of Betsson AB has disclosed this morning that it has secured definitive terms to acquire Belgium sportsbook and casino brand betFIRST in a €120m cash offer. Deal terms have been agreed with betFIRST Group, as Betsson AB takes a podium position in the Belgium igaming marketplace. The up-front consideration for the acquisition is set at €117m, which is …
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Betsson AB has reported a ‘record strong start to 2023 trading’, as the Stockholm-listed gambling group celebrates its 60th year in business. Publishing its Q1 trading update, Betsson lauds bumper financial results as group revenues increased by 30% to €222m compared to Q1 2022 results of €170m. Headline growth accounted for a 37% increase in casino revenues to €152 and …
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