Tag Archives: Betsson AB

William Hill seeks new International MD as Patrick Jonker exits transformed business

William Hill has confirmed that Patrick Jonker has departed the company, having chosen to end his tenure as International Managing Director of the heritage betting group. Jonker departs on mutual terms as William Hill’s UK and European units are due to be merged with 888 Holdings – completing the £2.2 billion divestment agreed by Caesars Entertainment and 888 last month. …

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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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AiDP relaunches its All-Index survey tracking DEI dynamics in the aftermath of COVID-19

The All-in Diversity Project (AiDP) has relaunched its ‘All-Index’ survey to comprehensively track and measure the diversity, equality and inclusion make-up of the global gambling sector.  The survey returns following an 18-month hiatus, as gambling businesses adjusted to the unforeseen demands of the global COVID-19 pandemic. Accounting for drastic changes, AiDP noted that its third industry survey would report on …

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Patrick Svensk steps down as Betsson Chairman after shareholder criticism

Major shareholders at Betsson AB have stated that ‘they no longer have full confidence’ in Patrick Svensk, prompting the Chairman to resign from his position on the company’s Board. Svensk informed the company’s Nomination Committee that he would resign from the position he has held since 2017 with immediate effect, whilst the firm has disclosed that Board member Johan Lundberg …

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Betsson seeks new CEO as Lindwall completes turnaround objectives 

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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EGBA secures sustainability reporting commitment from European leaders 

The leadership of Europe’s biggest online gambling firms have outlined their ‘collective ambitions’ to foster a stronger culture supporting safer gambling across all European markets. The leadership mandate was published by the European Gaming & Betting Association (EGBA) – the Brussels-based trade body charged with representing online gambling at an EU business and legislative level.   A letter co-signed by John …

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Swintt appoints Azzopardi to oversee product delivery and expansion

Swintt has strengthened its corporate oversight, appointing Etienne Azzopardi as its new Chief Operations Officer, as the localised online casino and live dealer content provider aims to reach ‘the next level of success’. The new executive will be tasked with maximising Swintt’s product delivery, client launches and geographical expansion, whilst ‘keeping a close eye on customer needs’ supporting Swintt’s ongoing …

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Betsson gains Peru top spot with $25m takeover of Inkabet

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 …

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Betsson reports ‘strong sportsbook contribution’ during Q2 2021

Betsson AB cites that strong sportsbook performance driven by two major continental football tournaments, has helped the Stockholm-listed online gambling group overcome Norwegian and Swedish regulatory headwinds. Publishing a Q2 trading update, Betsson registered a significant increase in its sportsbook trading margin to 8.5%, indexing  above its eight-quarter rolling average margin of 7.4%. Sportsbook growth was attributed largely to the …

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Betsson: Greek market a great opportunity despite high-cost regime

Last month, Betsson AB disclosed its intentions to become a new player in Greece’s re-regulated online gambling regime, securing two Hellenic Gaming Commission (HGC) licences. Starting from ‘Ground Zero’, Betsson aims for growth within the high tax and brand saturated Greek marketplace.  Speaking exclusively to SBC, Chief Commercial Officer, Ronni Hartvig, and Greece MD Thanos Marinos stated confidence that Betsson’s …

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