Pontus Lindwall Archives

Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete

June 8, 2020

A consortium of Swedish online gambling companies have ‘unanimously contested’ the Ministry of Finance’s proposals to place further restrictions on online gambling licensees. In a joint statement issued by Swedish igaming trade body BOS, nine CEOs have called for the government to reconsider the ‘unrealistic proposals’, which are said to ‘play into the hands of the unlicensed market’. The statement …

Swedish leaders warn Minister Shekarabi of channelisation consequences

May 6, 2020

CEOs of Sweden’s leading igaming operators have warned health minister Ardalan Shekarabi not to ‘torpedo his own gambling regulations’, emphasising that further restrictions on the sector will result in an increase of punters betting via unlicensed operators. As health minister overseeing Sweden’s response to the coronavirus pandemic, Shekarabi has ordered Swedish parliament to adopt a series of temporary online gambling …

Swedish leadership hits back at Shekarabi’s ‘torpedo orders’

May 1, 2020

The Chief Executives of Sweden’s leading online gambling businesses have written to the government urging for the suspension of temporary deposit restrictions sanctioned by the Ministry of Health & Social Affairs. A letter co-signed by Pontus Lindwall (Betsson), Henrik Tjärnström (Kindred Group), Gustaf Hagman (LeoVegas), Therese Hillman (NetEnt AB) and Ulrik Bengtsson (William Hill Plc / Mr Green) – urged …

B2B plans on hold for Betsson despite strong Q1 opening

April 23, 2020

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 …

GiG divests B2C arm to Betsson AB for €31 million

February 14, 2020

Issuing a market filing this morning, Stockholm-listed Gaming Innovation Group (GiG) has disclosed that it will divest its entire B2C unit to Betsson AB. The company confirmed that it has agreed terms on a share purchase agreement worth €31 million, consisting of a €22.3 million cash payment for the assets on top of a further €8.7 million prepaid platform fee. …

Betsson AB sees no home comforts closing tough 2019

February 13, 2020

Publishing its full-year 2019 results, Stockholm-listed online gambling group Betsson AB details that it has achieved its strategic goals in a year of tough industry challenges and corporate adjustments. Tougher operating conditions within its Nordic home markets and the Netherlands see Betsson record a 5% decrease in group revenues to SEK 5,173m / €493m (FY2018: SEK 5,419m). Lower group revenues …

Betsson inks new partnership with ibet

January 13, 2020

Online gambling group Betsson AB has strengthened its network of partnerships after inking a new sportsbook B2B deal with ibet ahead of its launch in May. ibet will be launched prior to the Euros by Malta-based Claymore Group whose executive team has also run one of the largest Asian gaming operators, LeTou. Under the terms of the partnership, ibet’s partnership …

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

December 11, 2019

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 …

Tax burden weighs heavy on Betsson Q3 trading

October 24, 2019

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 …

Betsson H1 results disrupted by tough regulatory dynamics

July 19, 2019

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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Tag Archives: Pontus Lindwall

Swedish CEOs challenge ‘unrealistic demands’ against threat of igaming becoming obsolete

Swedish leaders warn Minister Shekarabi of channelisation consequences

Swedish leadership hits back at Shekarabi’s ‘torpedo orders’

B2B plans on hold for Betsson despite strong Q1 opening

GiG divests B2C arm to Betsson AB for €31 million

Betsson AB sees no home comforts closing tough 2019

Betsson inks new partnership with ibet

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

Tax burden weighs heavy on Betsson Q3 trading

Betsson H1 results disrupted by tough regulatory dynamics

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