Tag Archives: Betsson AB

Betsson AB begins 2015 strongly with record quarter

Reporting on its opening 2015 quarter European online gambling operator Betsson AB has recorded its highest quarter revenue performance of SEK 847 million (£55 million) up 24% on Q1 2014 of SEK 686 million. Recording Q1 2015 growth on all top-line metrics, Betsson AB posted an income profit of SEK 238 million (£18.2 million) up 39% on Q1 2014:SEK 171 …

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Betsson eyes Eastern Europe expansion with potential Europe-Bet acquisition

European sports betting operator Betsson AB is eyeing expansion into the Eastern European sports betting markets with the potential acquisition of Georgia based operator Europe-Bet. Igaming news source EGR Magazine had speculated last week that Betsson governance were preparing a €100 million acquisition for Europe-Bet. Its is believed that both parties have been in advanced discussions for a number of …

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Record Q4 performance sees Betsson AB hit all 2014 targets

European sports betting operator Betsson AB reported its highest ever quarterly revenue performance (Q4 2014) of SEK 814 million (£64 million) as the operator closed 2014 strongly. Betsson recorded Q4 2014, EBIT of SEK 256 million (£20 million), which helped maintain a strong net income performance of SEK 243 million (£19 million). The operators strong quarterly performance was driven by …

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Betsson AB settles earn-out dispute with Nordic Gaming Group founders

European sports betting operator Betsson has settled its payment and earn out dispute with the former owners of Nordic Gaming Group (NGG), the online betting operator it acquired in 2012. NGG officials had claimed that Betsson had breached the earn out conditions of the 2012 deal, disputing an additional purchase reward of €20 million subject to the company’s future performance …

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Betsson AB invests in Rush Sports AB app

European sports betting operator Betsson AB has invested in the Swedish startup-company Rush Sports AB, which has developed the first true app for event-driven real-time betting – Rush Football. The founders of the company are also behind the successful apps Forza Football and Forza 90′. Rush Football aims to be the  first app to fully integrate a live score service …

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Betsson AB posts strongest ever revenue quarter

Swedish listed igaming group Betsson AB reported its best ever quarter performance, recording a 30% revenue increase. During the interim period the operator had seen revenues increase to SEK 782.1 million (£67 million) (2013 Interim – SEK 603 million) The operators strong revenue generation, had been supported by a 36% increase in improved operating income which amounted to SEK 207.2 …

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