Betsson has enhanced its European presence through the acquisition of Holland Gaming Technology, a gaming operator with a license in the Netherlands, and Holland Power Gaming, a Dutch game studio that develops casino games.
The total consideration amounts to €27.5mon a cash- and debt-free basis and is financed with own liquid assets.
Holland Gaming Technology offers games through the websites www.goldruncasino.nl and www.goldruncasino.com, whilst Holland Power Gaming B.V. supplies casino games exclusively for Holland Gaming Technology.
The acquisition will, over time, contribute to a higher share of revenue from locally regulated markets and is in line with Betsson’s strategic ambition to deliver profitable growth through geographic expansion.
It continues momentum for Betsson after the firm lauded a second successive year of record-breaking financial results and KPIs.
Publishing its full-year 2023 results last week, the group’s corporate revenues stood at €948m, up 22 per cent on FY2022 results of €777m.
The firm’s CEO, Pontus Lindwall commented: “The share of revenue from locally regulated markets continued to increase and amounted to 45.9 per cent (34.2 per cent) in the fourth quarter.
“We see a continued positive development where more countries introduce regulation to enable online gaming with local gaming licenses and reasonable conditions for players and operators. In 2024, Peru and Brazil are expected to introduce licensing systems for online gaming, and Betsson is preparing to apply for gaming licenses in these markets.”
Looking ahead, he added: “I look forward to 2024 with confidence. Betsson is well-positioned for continued value creation thanks to a strong financial position, proprietary technology, an attractive customer offering, and – above all – our employees.
“I would like to thank our employees for all their great efforts in 2023 and also extend my gratitude to our shareholders for the trust they have shown.”
