Stockholm-listed Betsson AB has declared a strong start to 2019 trading, as the company reports ‘strong regional growth’ offsetting adjustments within its home market of Sweden. Publishing its Q1 2019 trading update (period ending 31 March), Betsson records a 10% group revenue increase to SEK 1,330.6 million (Q12018: SEK 1,210m), detailing growth across its casino (+10%) and sportsbook (+13%) verticals. Updating …
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Issuing a market update, Stockholm-listed Betsson AB has confirmed the appointment of Martin Öhman as inbound Group Chief Financial Officer (CFO), joining Betsson leadership on 1 September 2019. The appointment sees Betsson governance end its six-month executive search for a new corporate financial lead, following the departure of former CFO incumbent Kaaren Hilsen, who returned to Telenor Sweden last September. …
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Publishing its Q4 and full-year 2018 results, the governance of Stockholm-listed online gambling group Betsson AB, has detailed a successful year-1 integration and execution of its corporate recovery programme. Product and operational efficiencies see Betsson post its ‘third successive all-time-high’ quarter, recording corporate Q4 2018 revenues MSEK 1,436.6 (Q4 2017: 1,256.4), running alongside a 56% EBIT increase to MSEK 341.5 …
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Merging the executive positions of Chief Product and Technical Officer, Stockholm-listed online gambling group Betsson AB has confirmed the appointment of Peter Frey to its corporate leadership team. A seasoned technology and digital strategy expert, Frey joins Betsson’s executive team from Bonnier Group, Scandinavia’s largest media publishing group, where he most recently served as Chief Technical Officer (2016-2018). Confirming the …
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Stockholm-listed online gambling group Cherry AB is the subject of an of SEK 9.193bn (£802m) takeover offer from a consortium fronted by British private equity firm Bridgepoint, fronted by chairman Morten Klein and Betsson CEO Pontus Lindwall. The Independent Bid Committee established by Cherry, set up specifically to consider the takeover bid on the board’s behalf but excluding chairman Klein, has recommended …
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Stockholm-listed online gambling group Betsson AB, has this morning published its Q3 trading update (period ending 30 September), reporting robust growth achieved alongside a number of operational efficiencies implemented through its ‘back on track’ corporate recovery plan. Updating the market, Betsson records group Q3 revenues of SEK 1,427 million (Q3 2017: SEK 1,181m), detailing growth and strong player activity across …
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Stockholm-listed online gambling group Betsson AB has selected Omnicom subsidiary agency Hearts & Science as its new European media and marketing lead. The London-based agency will act as Betsson’s group-wide marketing strategist covering European media buys, campaign planning and programmatic advertising. Hearts & Science will support Betsson marketing teams across the territories of Denmark, Italy, Norway and Spain. Betsson AB …
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The third Sports Betting Hall of Fame evening at the spectacular Natural History Museum has been hailed as the perfect conclusion to last week’s hugely successful Betting on Sports 2018. Set against the stunning backdrop of London’s Natural History Museum and hosted by former Sky Sports favourite Kirsty Gallacher, the awards saw five industry legends recognised for their tremendous contributions to the world of …
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The Sports Betting Hall of Fame recognises those people who have made an outstanding contribution to the betting and gaming industry over their careers. This year’s Hall of Famers will be recognised as part of the Betting on Sports Week with the evening event taking place at the prestigious National History Museum on the evening of Thursday 20 September. Betting …
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Issuing a short market statement, Stockholm-listed online gambling group Betsson AB has confirmed the resignation of Kaaren Hilsen as Group Chief Financial Officer (CFO). Betsson governance has revealed that Hilsen is set to return to the telecoms sector, taking over the Chief Executive role at Telenor Sweden, a company she previously served as CFO from 2013-2017. Hilsen had joined Betsson’s …
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