“During the first nine months of 2020 Betsson made several acquisitions, which together with licenses obtained in other countries, entailed expansion with new brands to new markets while we continued to develop products and functions in existing markets,”
In April 2020, Betsson purchased Zecure Gaming Limited which was the B2C arm of Gaming Innovation Group (GiG). This saw the group incorporate iGaming brands Thrills, Guts, Kaboo, and RIZK into its extensive portfolio.
The group also secured new licenses in new markets including Colombia, Croatia, and Kenya where Betsson operates as Betsafe. The group also secured a license in the US for the state of Colorado and became one of the first online operators to receive a license in the Argentina’s province of Buenos Aires.
Acquisitions and New Markets See Betsson Post 24% Year-on-Year Revenue Rise for 2020 that look set to turn the UK gambling industry on its head. In preparation for the changes, Betsson made the decision to consolidate all of its UK brands and license under its newly acquired RIZK brand.Yet even with the costs of consolidation and the effects of the global pandemic, Betsson posted a full-year operating income of SEK 1.125 billon or €110 million. This was up 30% on 2019’s operating income of SEK 856 million.
Acquisitions and New Markets See Betsson Post 24% Year-on-Year Revenue Rise for 2020Speaking of the group’s incredible success in the midst of a global pandemic, Lindwall said:
“The pandemic still holds us all in a tight grip and Betsson’s focus is, as always, on safety and health, for our employees and for society in general.
Acquisitions and New Markets See Betsson Post 24% Year-on-Year Revenue Rise for 2020
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