Tag Archives: betsson

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 …

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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 …

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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 …

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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 …

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Spelinspektionen clears four of underage betting allegations

Swedish gambling regulator Spelinspektionen has ruled that four operators have been cleared following allegations that they had offered markets on sporting events which included a ‘majority of participants’ under the age of 18.  ATG, Betsson, Hillside Sports and Kindred Group-owned Spooniker all had cases cleared by Spelinspektionen after it was initially thought that the four operators had offered markets on the …

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Betsson secures SEK 1bn bond placement

Declaring an ‘oversubscribed placement’, Stockholm-listed Betsson AB has secured its target SEK €1 billion (€90 million) senior secured bond transaction. This September, Betsson governance moved to sanction a minimum SEK 500 million (€47 million) bond placement, led by Scandinavian investment banks Nordea and Swedbank acting as joint book-runners. The bonds, placed under a framework of SEK2.5bn, have a tenor of three years and will mature …

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Betsson seeks new debt bond to pursue future growth options

Stockholm-listed Betsson AB has announced that it will pursue issuing a new senior unsecured bond, seeking to raise minimum debt funding of SEK 500 million (€47 million) tp help the firm’s ongoing expansion initiatives. Updating investors, Betsson governance has instructed Scandinavian investment banks Nordea and Swedbank to act as joint book-runners, leading the transaction’s investment procedures. Betsson governance discloses that …

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Betsson partnership sees GIG Comply maintain its tier1 status

Stockholm-listed online gambling group Betsson AB has become the latest industry incumbent to integrate Gaming Innovation Group’s ‘GIG Comply’ provisions across its digital marketing operations. Updating stakeholders, Betsson details that it has integrated the industry’s most sophisticated ‘compliance screening tool’ to support its ongoing multi-brand marketing campaigns. Helping operators adhere to diverse marketing compliance standards across multiple jurisdictions, GiG Comply is …

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Betsson H1 results disrupted by tough regulatory dynamics

Nordic market adjustments and Dutch declines have seen Betsson AB governance report a 5% year-on-year revenue decline for Q2 2019 trading. Publishing its H1 2019 interim update, Stockholm-listed Betsson AB reports a tough Q2 April-to-June trading period, in which group revenues declined 5% to SEK 1.27 billion (Q2 2018: SEK 1.3bn). Betsson governance details a ‘period of operational adjustments’, in …

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Betsson Spain sponsors After Brunch Pride Party

Betsson AB’s Spanish online gambling property Betsson.es has partnered with Madrid-based live music, youth culture and entertainment group After Brunch, becoming a lead sponsor of the upcoming ‘After Brunch Pride Party’. Hosted this Sunday 7 July, the After Brunch Pride Party is considered one of the major festive events of Madrid Pride, taking place at the City’s ‘Ventas Bull Ring’ …

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