Tag Archives: betsson

Betting CEOs expected ‘no soft landing’ for 2020

Betting’s C-level agenda holds no respite, as European markets prepare for another round of COVID-19 restrictions and lockdown enforcements.    Moderating a CEO panel at this morning’s Betting on Sports Europe – Digital, Keith O’Loughlin, SVP of Sportsbook & Platforms for SG Digital, asked participants whether a second wave has created further disruptions for betting returning to any semblance of normality. …

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Betsson launches in-house studio to boost SHL coverage

Betsson Sweden has built an all-purpose media studio supporting its title sponsorship of the Svenska Hockey League (SHL). Last weekend, Betsson debuted ‘SHL Playbook’, the betting group’s first-ever in-house produced show broadcasting exclusive coverage of the start of the SHL’s new hockey season (19 September). Marked as a key directive, Betsson underlined that the studio forms part of the firm’s …

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GiG lauds its ‘B2B makeover’ delivering Q2 growth

Gaming Innovation Group (GiG) has stated that it has delivered on ‘several strategic directives’ as the firm sets out on its new ambition to become the industry’s ‘leading global tier-1 B2B supplier’.  Publishing its Q2 2020 trading statement, GiG pointed to ‘continued quarterly growth’, recording a 47% increase in group revenues to €16.7 million (Q2 2019 -€11.3m).  Following the divestment …

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Betsson outrides pandemic challenges as regulatory dramas loom

Betsson AB has published its 2020 interim results stating that it has ‘delivered all-time highs in revenues under the most challenging conditions’. The Stockholm-listed online gambling group praised its swift actions undertaken during March, which allowed the company to continue to ‘execute the strategic priorities’ as part of its ongoing transformation programme. Trading under unprecedented circumstances, Betsson recorded Q2 2020 …

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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 sees strong prospects in disrupted Kenya

Betsson AB has confirmed its intention to enter the Kenyan sports betting marketplace after starting a joint venture with Bet High Ltd. Yesterday, Kenyan media reported that Betsson’s flagship sportsbook subsidiary Betsafe had replaced blacklisted SportPesa as shirt sponsor of KPL football clubs Gor Mahia and AFC Leopards. Betsafe is yet to register its Kenya Betting Control Board (BCLB) licence. …

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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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Betsson falls foul of Spelinspektionen with SEK20m penalty

Spelinspektionen has issued a warning and SEK20m (€2m) penalty fee to Betsson Nordic for the sale of games through an unregistered agent and the use of an unauthorised bonus offer. Betsson was found to be allowing customers to fund their accounts through retail vouchers, while the regulator also ruled that a Betsson-branded Mastercard was offering players illegal bonuses. The online …

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Optimised communications help Wiraya deliver 15% reactivation boost

Wiraya is helping operators to navigate COVID-19, by engaging with sports fans that have become dormant during the football ban.  The German Bundesliga made a return earlier this month, and with Premier League fixtures already in the pipeline for 17 June, it is more important than ever for betting operators to re- engage with punters that have become inactive during …

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B2B plans on hold for Betsson despite strong Q1 opening

Betsson AB has reported a strong opening to 2020 trading, as the company moves to significantly expand its B2C portfolio and sportsbook capacities. Publishing its Q1 2020 trading update for the three month period ending 31 March, Betsson recorded group revenues of SEK 1,417m (€130m) – up 7% on corresponding Q1 2019’s SEK 1,333m. Betsson attributed growth during the period …

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