Tag Archives: Betsson AB

Betsson announces record quarter performance as Magnus Silfverberg departs as CEO

European igaming group Betsson AB continues its year-on-year expansion recording its highest revenue quarter performance ever. Reporting on Q2 2015 revenues the operator recorded a 14 uplift to SEK 860 million (£64.5 million) up from Q2 2014 SEK 752 million. The Stockholm listed operator would announce growth on all core metrics, as the company recorded a net income of SEK …

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Betsson AB enters Georgia with $50 million Europe-Bet acquisition

European igaming and sports betting group Betsson AB has confirmed that it has passed all provisions to acquire Georgian betting operator Europe-Bet for a consideration of $50 million (£31 million). The acquisition deal will see Betsson become the second largest Georgian betting operator, taking 30% market share as the gambling group takes over Europe-Bet’s online and retail betting divisions. Betsson …

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Betsson AB steps back from Dutch promotions

European sports betting operator Betsson AB has confirmed to industry news source EGR Magazine that it has ceased certain affiliate activity in the Netherlands market. Betsson, which has Dutch-focused online casino brands Kroon and Oranje in its digital portfolio, informed EGR that it had ceased Dutch-language promotions in order to prevent any legal repercussions in the soon to be regulated …

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Magnus Silfverberg steps down as CEO of Betsson AB

European sports betting operator Betsson AB has announced that CEO and President Magnus Silfverberg is set to step down. Betsson confirmed that Silfverberg will be temporarily replaced by his executive predecessor Pontus Lindwall, who will lead Betsson AB until a successor is found. Silfverberg leaves Betsson operations after six years’ service, of which had led the company as CEO from …

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Bettson AB issues investors share split of SEK 549 million

Following its Annual General Meeting (AGM), European sports betting operator Betsson AB has confirmed that it will pay-out SEK 549 million (£42 million) to company shareholders after implementing a share split. Betsson governance outlined that it would target a share split dividend for its shareholders, whereby one Betsson share will be converted into four shares. The pay-out will include the …

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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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