Tag Archives: Sweden

Cherry AB secures €50 million bond for ComeOn investment

European igaming operator Cherry AB  has confirmed that it has decided to issue a four-year senior secured bond in the amount of €50 million, with maturity on July 11, 2020. The net proceeds will be used to partly finance the acquisition of 49% of the shares in ComeOn Malta Ltd (tranche one) with an option to acquire the remaining 51 % …

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Sportsbook trading & currency impacts see Betsson AB issue Q2 profit warning

Issuing a preliminary Q2 2016 trading update Stockholm-listed online betting operator Betsson AB has detailed that its corporate performance has been impacted by lower sportsbook revenues and continued exchange rate fluctuations. Updating investors ahead of its full Q2 2016 performance breakdown, Betsson governance detailed that it expected to post group revenues between SEK 920–945 million, with the company targeting a …

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Play’n GO acquires Romanian gaming licence

Play’n GO has announced that its been awarded a class two licence from the Romanian National Gambling Office. It now hosts over 80 games on the sites of more than 100 operators, in 32 languages. The Swedish supplier will now be able to supply its premium content to all online channels for gaming operators in the country’s recently regulated market. …

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Betway’s eSports Fight Night returns on 23 June

Two of the world’s top eSports teams will go head-to-head in a ‘Best of Three’ DOTA challenge, as part of Betway’s eSports Fight Night on 23rd June. Alliance and Na’Vi will compete for a €5,000 prize to be donated to a charity of the winning team’s choice. Betway, who became the first firm to launch a dedicated eSports portal in …

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NordicBet extends Swedish Hockey League sponsorship

Betsson AB subsidiary NordicBet has extended its existing partnership with the Swedish Hockey League (SHL), the highest division of professional ice hockey in Sweden by becoming official sponsor of SHL season 2016/17. NordicBet upgrade its sponsorship having served as SHL official betting partner since 2014. Announcing its partnership, NordicBet marketing stated that it was pleased to extent its profile within …

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SIS expands European content with Svensk Galopp broadcast deal

Racing media rights distributor SIS has expanded its European content portfolio by agreeing partnership terms with Swedish racetrack operator Svensk Galopp which will see its races broadcast in UK and Irish betting shops for the first time. Launching its broadcast service  for Svensk Galopp, SIS will screen eleven races from the inaugural meeting at the newly-built racecourse, Bro Park on Sunday …

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Evolution Gaming appoints Jacob Kaplan as new CFO

Sweden and Malta based live dealer casino specialist Evolution Gaming has confirmed the appointment of Jacob Kaplan as its new Chief Financial Officer (CFO). Kaplan who joins Evolution Gaming from Stockholm-listed Scandinavian focused pension and investments firm Nordnet AB replaces outgoing CFO Fredrik Svederman who is to leave the firm at the end of 2016. Finding Sverderman’s successor, Evolution Gaming …

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Betsson launches first gambling app to Apple TV

Betsson have announced that its online subsidiary Betsafe is the first to launch a gambling app to Apple TV. For now, Swedish players can now log in and play directly from their Apple TV, but Betsafe will soon introduce the product in other countries. Betsson have said that this Swedish launch illustrates its strategy to remain at the forefront of …

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Betsson appoints Pia Rosin as VP of Communications

Following the conclusion of its annual general meeting (AGM), Stockholm-listed European sports betting operator Betsson AB has confirmed the appointment of Pia Rosin as Vice President of Corporate Communications. Rosin is set to take the senior management position as of 20 June joining from Swedish defence and aerospace manufacturer Saab, where she held the position of Investor Relations Manager (March …

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Effective scalability and cost control sees Unibet hit ‘All-Time High’ quarter performance

European sports betting operator Unibet Plc has reported a strong opening to 2016, posting a ‘new all-time high’ in group revenues to £122 million representing a 61% uplift on 2015’s corresponding Q1 performance of £76 million. Unibet governance highlighted that the company was performing way above market rate, with EBITDA (Q1 2016: £28 million) and Profit (Q1 2016 £20 million) …

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