Tag Archives: betsson

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 …

Read More »

GiG completes B2C unit offload to Betsson 

Gaming Innovation Group (GiG) has maintained its 2020 corporate agenda, confirming that it intends to fully divest its entire B2C unit to Stockholm counterpart Betsson AB by mid-April. Last February, GiG accepted a €31 million cash and shares deal offered by Betsson to divest its entire B2C unit, including control of its flagship properties Rizk, Guts, Kaboo and Thrills.  Agreeing …

Read More »

Andre Gelfi – Suaposta strengthened by Betsson’s Brazilian intent

Andre Gelfi, CEO of Brazilian racebook Suaposta, has backed Betsson AB’s early mover advancements, despite facing significant unknowns related to Brazil’s future sports betting make-up. Closing 2019, a refinanced Betsson sanctioned the purchase of a 75% stake in Suaposta, Gelfi’s online racebook licensed by Brazil’s Ministry Agriculture and Livestock in partnership with Porto Alegre’s heritage  ‘Rio Grande do Sul Jockey …

Read More »

Transitioning GiG faces B2C and B2B declines closing tough 2019

Stockholm-listed Gaming Innovation Group (GiG) has detailed confidence in its future outlook and prospects as the company transitions to becoming a single-focus B2B technology incumbent. This morning, GiG published its Q4 2019 results, recording corporate declines across all major operating metrics and citing a number of factors impacting both B2C and B2B performance. Recording a 26% decline in Q4 2019 …

Read More »

Matthew Piscopo joins Videoslots as new CPO

Matthew Piscopo has been named as the new Chief Product Officer for Videoslots.com, significantly enhancing the operator’s senior executive team. Piscopo brings with him a wealth of experience from the betting and gaming industries, having started his career at Betsson Group before going on to work with a number of other companies across the sector. Commenting on the new appointment, …

Read More »

Scientific Games secures partnerships with 888 and Betsson

Scientific Games Corporation has strengthened its network of partnerships after securing new agreements with both 888 Casino and Betsson. Under the terms of its agreement with 888, Scientific Games will launch more than 120 games in Spain via its Open Gaming System (OGS) platform. Dylan Slaney, SVP Casino at SG Digital, said: “888 is a huge player in the Spanish …

Read More »

Betsson states Brazilian intent by acquiring 75% stake in Suaposta racing

Stockholm-listed Betsson AB has acquired a 75% majority shareholding in Brazilian racing operator Suaposta, securing an early foothold in Brazil ahead of an anticipated regulated market opening. Betsson management has confirmed its investment in Suaposta, but as yet has chosen not to disclose any deal terms or conditions. Operating in partnership with Porto Alegre’s ‘Rio Grande do Sul Jockey Club’, Suaposta …

Read More »

Betsson moves on full CSR transparency by launching OneBetsson.com

Betsson AB has launched onebetsson.com, a new information portal detailing full transparency on the firm’s social responsibility directives and sustainability initiatives. Onebetsson.com will allow the public to access information and maintain progress on Betsson’s ongoing social commitments, partnerships, action plans and corporate social responsibility directives. Launching a key platform, Jesper Svensson, CEO for Betsson Operations, said: “At Betsson, we have …

Read More »

Tax burden weighs heavy on Betsson Q3 trading

Stockholm-listed Betsson AB reports a further trading quarter of corporate adjustments, as the online gambling group continues to experience multiple challenges across its core operating markets. Publishing its Q3 2019 trading update (period ending 30 September), Betsson continues to report ‘weak trends’ across Sweden and the Netherlands, recording an 11% decline in group revenues to SEK 1,275 million (Q3 2018: SEK …

Read More »

International operators vie for Sportsbook of the Year prize at SBC Awards

Industry powerhouse bet365 will be hoping to make it six in a row when the winner of the Sportsbook of the Year prize is announced at the SBC Awards 2019, but it must see off strong international competition to do so.  The victors of all 41 SBC Awards will be unveiled in front of an audience of more than 700 …

Read More »