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 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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The growing influence of the internet has changed the way in which the betting and gaming industry consumes information and positions itself as a form of entertainment. That was a key focus for Betsson AB CEO Pontus Lindwall in Issue 19 of the SBC Leaders Magazine. In his lead interview, which can be read here, Lindwall reflects on the ups …
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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 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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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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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 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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The board of Betsson AB has informed that it has begun an executive search to find a replacement for Group Chief Executive Pontus Lindwall. The leadership succession has been authorised as Betsson’s board concludes that Lindwall has achieved all objectives of the group’s ‘Back on Track’ strategy under his stewardship. In September 2017, Lindwall re-took leadership of Betsson as the …
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Betsson AB has continued its strategic expansion into new markets by disclosing that it has acquired a 28% stake in Canadian start-up Slapshot Media Inc. The investment led by subsidiary ‘Betsson Perch AB’ will provide Slapshot Media with CAD $3 million (€2m) in enterprise funding as the wider Betsson group commits to becoming a participant within Canada’s transformed gambling marketplace. …
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