Tag Archives: Betsson AB

Strategic product Investments reap H1 2017 rewards for Betsson AB

Stockholm-listed European online gambling group Betsson AB has detailed a strong six month opening to 2017, driven by ‘organic growth’ in its Scandinavian and Western markets, as the company continues to support its operations with strategic product investments. Presenting its H1 2017 trading update (period ending 30 June), Betsson would detail all ‘core metric gains’ on corresponding 2016 period performance, …

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NordicBet extends & expands Champions Hockey League sponsorship

Betsson AB sports betting subsidiary NordicBet has confirmed that it has extended its sponsorship of the Champions Hockey League (CHL), the pan-European ice hockey championship. Agreeing terms, NordicBet will be a key marketing partner of the CHL through to season 2019-20 season. NordicBet marketing informs that it has agreed on heighten coverage of its brand on CHL broadcasts. Furthermore, NordicBet …

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Tough Opening…Currency impacts & increased tax duties hit Betsson AB’s Q1 2017 performance

Publishing its Q1 2017 interim results (unaudited period ending 31 March), Stockholm-listed European online gambling group Betsson AB has reported that its period earnings and profit results have been impacted by negative currency fluctuations, increased market taxes and player friendly results recorded by its sports betting division. Updating investors, Betsson would report a 10% increase in group revenues to SEK …

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Betsson AB appoints Telenor’s Kaaren Hilsen as new CFO as group continues European expansion

The governance of Betsson AB has confirmed the appointment of Kaaren Hilsen as new Group Chief Financial Officer (CFO) replacing long-term incumbent Fredrik Rüdén who will depart the operator this coming August. Issuing a corporate communication, Betsson informs that Hilsen will join the firm’s executive team ‘no later than 1 November’. Hilsen joins the Stockholm-listed online gambling operator from Telenor …

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Betsson promotes Abby Rachel Cosgrave to group General Counsel

The board of Stockholm-listed Betsson AB has confirmed the promotion of Abby Rachel Cosgrave to the position of Vice President of Legal for Betsson AB and General Counsel for Betsson Malta. Cosgrave has been an executive team member of Betsson AB since 2014, primarily acting as Group Legal Counsel as well as serving the operator as Acting General Counsel as …

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Betsson completes £26 million acquisition of NetPlay TV

Stockholm-listed Betsson AB has confirmed that it has completed its £26 million acquisition of UK interactive gaming operator NetPlay TV (deal first announced on 2 February). Updating the market, Betsson governance informed that its offer had passed all conditions of the UK High Court of Justice, allowing for the firm to complete its transaction. Prior to High Court approval, Betsson …

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Sweden awaits Lotteriinspektionen gambling report

Swedish gambling regulatory body Lotteriinspektionen will today publish its commissioned report, detailing provisions for a potential national regulated gambling framework. Swedish MPs and industry stakeholders have eagerly awaited the report, which was commissioned by the government in 2015 for the purpose of commencing a license-based system for gambling operators. In January, fears arose of further industry regulatory delays following the …

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Betsson seeks new CFO as Fredrik Rüdén departs this August

Stockholm-listed European betting & igaming group Betsson AB has confirmed the upcoming departure of Chief Financial Officer (CFO) Fredrik Rüdén, set for August of this year. A long-term Betsson AB executive team leader, Rüdén has served as corporate CFO since 2008 leading the firm’s financial strategy, auditing departments and controllership duties. Updating investors, Betsson Chief Executive Ulrik Bengtsson confirmed Rüdén’s …

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Students Welcome…Betsson AB opens third Academy Program

Stockholm-listed European sports betting operator Betsson AB has announced the launch of its third student training program ’The Betsson Academy 2017’ seeking to find fresh future talent for its operations. Launching its intensive ‘12-week internship program’ for 2017, Betsson AB management is seeking to fill 13 full-time future positions within its new Malta headquarters, which currently employs over 1,000 employees from …

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EGBA confirms Betsson AB as latest industry partner

Brussels-based industry body the European Gaming & Betting Association (EGBA) has confirmed that Stockholm-listed European sports betting operator Betsson AB (Betsson) has joined its member body. Betsson along with EGBA members will push for better industry representation and communication with European market regulators and policy makers. Furthermore, as an EGBA member Betsson will participate in group directives relating to industry …

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