Uncategorized

Betsson expands presence in the Netherlands through new acquisition

Betsson has announced its acquisition of Holland Gaming Technology – a licenced gaming operator in the Netherlands – as well as its game development subsidiary, Holland Power Gaming BV.

Holland Gaming Technology operates with a gaming licence for casino games in the Netherlands, offering a variety of games through websites like Goldrun Casino.

Holland Power Gaming BV is a Dutch game development company that exclusively supplies casino games for Holland Gaming Technology.

The transaction, effective on 19 February 2024, involves an upfront payment of €16m at closing, with deferred payments of €9m and €2.5m scheduled for six months and twelve months, respectively.

This move aligns with Betsson’s strategic long-term goals, striving for profitable growth through geographic expansion and a higher share of revenue from locally regulated markets.

The acquisition, however, is contingent upon post-closing approval by the Dutch gambling regulator, KSA, to ensure compliance with local regulatory requirements.

This news comes after Betsson revealed strong financial results for Q4 2023 and full-year 2023 in its end-of-year report. The report documented increased revenue growth as well as a surge in both EBITDA and EBIT across the year.

The update also comes after a series of recent collaborations for Betsson, including a deal that saw the company snagging a global sponsorship agreement with Atlético Nacional – Colombia’s most successful football club – in a three-year contract.

BY: 바카라사이트 순위

Related Posts

Universal Turns To Profits In 2022 As Okada Manila Rev Doubles

Japan’s Universal Entertainment, the founding parent of Okada Manila Casino Resort in the Philippines, posted a net profit of nearly 11.51 billion yen ($86.6 million) for all of…

IR-backing Osaka governor re-elected, share of vote up

Hirofumi Yoshimura, the head of the Osaka Innovation party, was re-elected on Sunday as governor of Osaka prefecture, and with a 9.3 percentage-point increase in his share of…

Earth Day celebration to kick off at Gwanghwamun Square on Saturday

To mark Earth Day, the Seoul Metropolitan Government and the city’s Green Citizen Committee are hosting a commemorative event at Gwanghwamun Square on Saturday.Earth Day, an annual event…

How much in subsidies will Samsung Electronics get for US chip plant?

Samsung Electronics is expected to receive more than $6 billion in subsidies from the U.S. government for its semiconductor investments in the country, marking its entry into the…

Bank deposits diminish as stock, crypto markets grow

Nearly 15 trillion won ($11.06 billion) was withdrawn from fixed-term deposit accounts and installment savings accounts at five major commercial banks in Korea in the past month, according…

Hotel Shilla CEO signs block deal to pay inheritance tax

Hotel Shilla CEO Lee Boo-jin, the daughter of late former Samsung Group Chairman Lee Kun-hee, is seeking to sell over 5.2 million Samsung Electronics shares in an after-hours…

Leave a Reply

Your email address will not be published. Required fields are marked *