Tag Archives: Betsson AB

Betsson places ‘market responsibilities’ at the forefront of Betsafe Kenya launch

Betsson AB has launched its first African market sportsbook property ‘Betsafe Kenya’, pledging the deepest commitment to promoting safer gambling participation amongst customers. This summer, the Stockholm-operator announced its intentions to launch a Kenyan subsidiary by partnering with Kenya Betting Control Board (BCLB) licence holder Bet High Ltd. Forming a strategic partnership, Betsson has commissioned Bet High to operate Betsafe …

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SSC Napoli joins Betsson’s StarCasino infotainment platform

Betsson AB has continued to expand its StarCasino.sport entertainment platform for Italian football fans after welcoming SSC Napoli as a new exclusive Serie A content partner. Recognised as Southern Italy’s biggest and most historic football club, SCC Napoli joins Milanese giants’ AC and Inter Milan as StarCasino.sport platform partner, with Betsson creating exclusive video content for Calcio Napoli fans. Abiding …

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Betsson rides high on global profile following record Q3 performance

Betsson AB has continued its strong 2020 momentum after the Stockholm-listed online gambling group backed its domestic and international prospects closing year-end trading.  Publishing its Q3 2020 trading update, Betsson recorded group revenues of SEK 1.67 billion (€161m), up 31% on corresponding 2019’s SEK 1.27 billion.   Driving performance, Betsson noted a record 46% increase in active customers across its online …

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Betsson orders immediate UK market downsize

Betsson AB has significantly reduced its UK market presence after announcing that all active brands and licences will be transferred to its Rizk (Rizk.com) domain, effective immediately. The decision shows Betsson AB following through with its group-wide transformation directives. The operator has continued to reduce its UK exposure since 2018 – terminating the NetPlay TV subsidiary and closing down its …

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Betsson bolsters US vision with Scientific Games’ OpenTrade systems

Betsson AB has announced a major product upgrade after integrating Scientific Games’ ‘OpenTrade’ systems across its sportsbook platforms. The new integration will allow Betsson to significantly advance its US sports trading capabilities as it plans to launch its first US sportsbook property in partnership with Colorado’s Dostal Alley Casino during the first-half of 2021 trading (partnership pending regulatory approval).  Moving …

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Andy McCue returns to betting with Betsson AB

Betsson AB has moved to strengthen its governance advisory confirming the appointment of former Paddy Power Chief Executive Andy McCue as a company non-executive director. The appointment of McCue follows the conclusion of Betsson’s AGM, in which the Stockholm-listed online gambling group re-elected all members of its existing board led by Chairman Patrick Svensk. A ten-year Paddy Power senior executive, …

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Betsson to appeal ‘hefty’ Spelinspektionen penalty

Stockholm-listed Betsson AB will appeal its SEK20m (€2m) penalty issued by Spelinspektionen for the sale of games through ‘unregistered agents’ and the use of unauthorised bonus incentives. Responding to the penalty notice, Betsson emphasised that ‘the warning, the sanction and the hefty sanction fee come as a surprise’, and will be appealed. The group commented in a media release: “The …

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Paf CRO Daniela Johansson wins SPER’s Swedish leader of the year 

Daniela Johansson, Chief Responsibility Officer (CRO) and Deputy CEO of Paf, has been recognised as a ‘Leader of the Year’ by Swedish gambling association SPER.  Yesterday, SPER announced the three winners of its inaugural ‘Swedish Gambling Awards’, which rewarded the individuals and companies that have improved standards and championed sustainability for Sweden’s new gambling marketplace. Spearheading Paf’s mandatory deposit limit …

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Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete

A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …

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Playtech trades with confidence to mitigate first stage COVID-19 impacts

Playtech Plc corporate performance remains in-line with expectations despite its business units trading in unprecedented circumstances. Playtech explained that its performance is currently tracking better than the company had anticipated in publishing its mid-March COVID-19 update.  Publishing a snapshot of key metrics, Playtech detailed a ‘strong Q1 2020 period’, in which the FTSE technology group delivered an adjusted EBITDA of …

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