InkaBet Sportsbook

July 14(Reuters) – Betsson AB <BETSb.ST>::SAID TUESDAY LAUNCHES EUROPEBET IN BELARUS .INITIAL OFFERING INCLUDES CASINO, SPORTSBOOK AND POKER UNDER EUROPEBET BRAND.PARALLEL TO LAUNCH, BETSSON OPENED OFFICE IN MINSK RESPONSIBLE FOR CUSTOMER SERVICE AS WELL AS ADMINISTRATIVE AND OPERATIONAL ACTIVITIES.

Betsson AB

Feb 10 (Reuters) – Betsson AB <BETSb.ST>::Q4 REVENUE SEK 1,594.7 MILLION VERSUS SEK 1,762.5 MILLION YEAR AGO.BETSSON AB (PUBL) YEAR-END REPORT 1 JANUARY – 31 DECEMBER 2021.CASINO REVENUE DECREASED BY 9%. SPORTSBOOK REVENUE DECREASED BY 11% AND SPORTSBOOK MARGIN WAS 6.0% (7.3%)..BOARD OF DIRECTORS PROPOSES TO AGM THAT SEK 539.0 (502.9) MILLION, WHICH CORRESPONDS TO SEK 3.94 (3.68) PER SHARE, TO BE DISTRIBUTED TO SHAREHOLDERS..Q4 EBIT SEK 210.6 MILLION VERSUS SEK 317.8 MILLION YEAR AGO.YEAR 2022 WILL ENTAIL CONTINUED INVESTMENTS BOTH IN TECHNOLOGY AND EXISTING PRODUCT PORTFOLIO..

Betsson Q3 Operating Income Was Sek 323.6 Million

Oct 26 (Reuters) – Betsson AB <BETSb.ST>::Q3 GROUP REVENUE WAS SEK 1,733.3 (1,676.7) MILLION, AN INCREASE OF 3%. ORGANIC INCREASE OF 8%.Q3 OPERATING INCOME (EBIT) WAS SEK 323.6 (329.1) MILLION.Q3 EBIT MARGIN WAS 18.7% (19.6%).Q3 CASINO REVENUE DECREASED BY 2%. SPORTSBOOK REVENUE INCREASED BY 24%.CONTINUES TO HAVE AMBITION TO BE ABLE TO CONDUCT BUSINESS IN NETHERLANDS FUTURE IN ACCORDANCE WITH NEW REGULATIONS.EFFORTS TO PREPARE LICENSE APPLICATIONS, PREPARATIONS FOR CERTIFYING OUR TECHNICAL PLATFORM IN DUTCH MARKET ARE ONGOING.APPLICATION IS EXPECTED TO BE SUBMITTED NO LATER THAN AT END OF Q1 2022.OUTCOME OF APPLICATION PROCESS IS EXPECTED TO BE COMMUNICATED AFTER SUMMER OF 2022.AVERAGE DAILY REVENUE IN Q4 2021 UP UNTIL AND INCLUDING OCT. 17 WAS 17.6% LOWER THAN AVERAGE DAILY REVENUE OF FULL Q4 2020.

Betsson BoD Withdraws Decision To Replace CEO

Oct 25 (Reuters) – Betsson AB <BETSb.ST>::SAID ON MONDAY BETSSON AB’S NEW BOARD OF DIRECTORS HAS DECIDED TO WITHDRAW DECISION TO REPLACE THE CEO, PONTUS LINDWALL.BETSSON AB – DECISION BASED ON BETSSON’S NEAR TIME TO MID FUTURE PRIORITIES SUCH AS MITIGATION OF UNEXPECTED DUTCH DECISION AND US ENTRY.

Betsson To Stop Accepting Dutch Customers On Its International Websites

Sept 30 (Reuters) – Betsson AB <BETSb.ST>::BETSSON HAS TAKEN A DECISION TO STOP ACCEPTING DUTCH CUSTOMERS ON ITS INTERNATIONAL WEBSITES WITH THE FUTURE OBJECTIVE TO OPERATE UNDER THE NEW DUTCH LICENSING REGIME.DECISION TO STOP ACCEPTING DUTCH CUSTOMERS IS EXPECTED TO IMPACT BETSSON’S OPERATING PROFIT (EBIT) NEGATIVELY BY APPROXIMATELY SEK 25 MILLION ON A MONTHLY BASIS, BEGINNING IN Q4 202.DECISION TO STOP ACCEPTING DUTCH CUSTOMERS IS EXPECTED TO IMPACT BETSSON’S OPERATING PROFIT (EBIT) NEGATIVELY BY APPROXIMATELY SEK 25 MILLION ON A MONTHLY BASIS, BEGINNING IN Q4 2021.LONG-TERM FINANCIAL IMPACT WILL DEPEND ON WHEN A LICENSE FROM DUTCH MARKET CAN BE GRANTED TO BETSSON..

Betsson’s Chairman Patrick Svensk Resigns From The Board

Sept 23 (Reuters) – Betsson AB <BETSb.ST>::BETSSON’S CHAIRMAN PATRICK SVENSK IS RESIGNING FROM THE BOARD.BOARD HAS APPOINTED JOHAN LUNDBERG, CURRENTLY A MEMBER OF BETSSON’S BOARD, AS NEW CHAIRMAN..HAS INFORMED NOMINATION COMMITTEE THAT HE IS RESIGNING FROM BETSSON’S BOARD OF DIRECTORS AND ASSIGNMENT AS CHAIRMAN WITH IMMEDIATE EFFECT..

Betsson: Board Begins Process Of Finding Replacement For CEO Pontus Lindwall

Sept 17 (Reuters) – Betsson AB <BETSb.ST>::BOARD BEGINS PROCESS OF FINDING REPLACEMENT FOR CEO PONTUS LINDWALL.

Betsson Invests In Canadian Start-up Slapshot Media

Aug 12 (Reuters) – Betsson AB <BETSb.ST>::BETSSON INVESTS IN A STRATEGIC VENTURE WITH SLAPSHOT MEDIA INC AIMED TOWARDS THE PROVINCIALLY REGULATED CANADIAN MARKET.UNIT BETSSON PERCH INVESTMENTS ACQUIRED 28% OF SHARES IN CANADIAN START-UP SLAPSHOT MEDIA INC FOR CAD 3 MILLION (SEK 21 MILLION).

Betsson Acquires Inkabet

Aug 11 (Reuters) – Betsson AB <BETSb.ST>::BETSSON ACQUIRES INKABET TO STRENGTHEN ITS MARKET POSITION IN THE WESTERN REGION OF SOUTH AMERICA.BETSSON ACQUIRES INKABET TO STRENGTHEN ITS MARKET POSITION IN THE WESTERN REGION OF SOUTH AMERICA.SW NORDIC LIMITED, A SUBSIDIARY OF BETSSON AB (PUBL), HAS SIGNED AN AGREEMENT TO ACQUIRE INKABET’S B2C ONLINE GAMBLING BUSINESS.INKABET IS ONE OF B2C BRANDS OFFERING SPORTSBOOK AND CASINO PRODUCTS, TARGETING WESTERN REGION OF SOUTH AMERICA.COMPLETION OF TRANSACTION IS EXPECTED TO OCCUR IN 30 DAYS FROM SIGNING. CERTAIN RESTRUCTURING ACTIVITIES ARE ALSO A CONDITION FOR CLOSING..FULL PURCHASE PRICE IS EQUIVALENT OF 3.8 TIMES EBIT OF LAST 12 MONTHS ENDING JUNE 2021.FINANCING OF ACQUISITION IS DONE THROUGH BETSSON’S REVOLVING CREDIT FACILITY (RCF), WHICH GIVES AN ATTRACTIVE FINANCIAL FLEXIBILITY TO DO DEALS OF THIS SORT..INKABET REVENUE OVER LAST 12 MONTHS AS OF JUNE 2021 WAS USD 25.2 MILLION.ADDITIONALLY, BETSSON WILL PAY UP TO USD 4 MILLION DEPENDING ON PERFORMANCE OF INKABET IN REACHING AGREED REVENUE AND EBIT TARGETS DURING SIX MONTHS FOLLOWING CLOSING, TOGETHER WITH A DEFERRED PAYMENT OF USD 5 MILLION.INITIAL CONSIDERATION OF ACQUISITION IS USD 25 MILLION.

Betsson Q2 EBIT Up At SEK 383.4 Mln

July 22 (Reuters) – Betsson AB <BETSb.ST>::Q2 GROUP REVENUE WAS SEK 1,751.6 (1,532.8) MILLION.Q2 OPERATING INCOME (EBIT) WAS SEK 383.4 (217.7) MILLION.Q2 EBIT MARGIN WAS 21.9% (14.2%).Q2 CASINO REVENUE DECREASED BY 5%.Q2 SPORTSBOOK REVENUE INCREASED BY 125%.

Betsson Launches Europebet in Belarus

July 14(Reuters) – Betsson AB <BETSb.ST>::SAID TUESDAY LAUNCHES EUROPEBET IN BELARUS .INITIAL OFFERING INCLUDES CASINO, SPORTSBOOK AND POKER UNDER EUROPEBET BRAND.PARALLEL TO LAUNCH, BETSSON OPENED OFFICE IN MINSK RESPONSIBLE FOR CUSTOMER SERVICE AS WELL AS ADMINISTRATIVE AND OPERATIONAL ACTIVITIES.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.

Against the background of strong development this year, it was unfortunate that the Dutch Gaming Authority unexpectedly published a new policy at the end of September that entails a deviation from the previously communicated guidelines during the cooling off period. The new policy implies that operators who are waiting out the cooling off period is forced to cease operations completely, pending an obtained license. Based on the new policy, Betsson decided to temporarily stop accepting Dutch customers on international websites in order to create good conditions for the upcoming licensing process. Betsson continues to have strong faith in the Dutch market and an ambition to be able to conduct business in the future in accordance with the new regulations. The efforts to prepare the license applications and preparations for certifying our technical platform in the Dutch market are ongoing. The application is expected to be submitted no later than at the end of the first quarter 2022 in connection with the end of the cooling-off period. The outcome of the application process is expected to be communicated after the summer of 2022 and I then hope our position in the Netherlands gradually can be regained thanks to strong brands and an organization with good local knowledge.

Betsson Q3 Revenues Rise 3%

Betsson announced their Q3 trading report showing an increase in sports betting but a decline in online casino revenues, overall the company posted a 3% increase in revenues for the quarter.

Group revenue was SEK 1,733.3 (1,676.7) million, an increase of 3%. Organic increase of 8%.

Casino revenue decreased by 2%. Sportsbook revenue increased by 24% and the sportsbook margin was 7.9% (7.0%).

Operating income (EBIT) was SEK 323.6 (329.1) million, a decrease of 1.7%, the EBIT margin was 18.7% (19.6%).

Net income was SEK 287.4 (290.6) million, corresponding to SEK 2.22 (2.22) per share.

Operating cash flow was SEK 423.5 (494.6) million.

Active customers increased by 7% to 986,429 (920,045).

Acquisition of Inkabet and investment (28%) in Slapshot Media Inc.

Pontus Lindwall CEO of Betsson said on the results:

After several records during the previous quarter, we managed to increase revenue by just over 3 per cent during the third quarter, compared with the corresponding quarter last year, which was a very strong quarter. At that time, the strong increase in revenue was driven by a surge in demand for digital entertainment. The further increase in revenue is explained by the successes with our sportsbook in combination with good results in the ending rounds of the EURO 2020 and CONMEBOL Copa América and the return of the domestic football leagues from mid-August. All in all, this has resulted in sportsbook revenue increasing by approximately 24 per cent year-on-year. The increase in revenue has also benefited from successes in new markets such as LatAm, Croatia and Greece.

Continued investments in the US

The investments in the US market to be able to launch our B2C offerings in Colorado during the first quarter of 2022 continue according to plan. This quarter has been an intense period to secure everything from meeting the authorities’ reporting requirements to adapting the platform and technology so that the US-adapted sportsbook can enter a testing and certification process. The sportsbook has also been integrated into the Strive platform, which has now been certified in the state of Colorado. The fact that the Strive platform is certified will benefit us during the testing and certification processes that are initiated now.

Strengthening Betsson through acquisitions

During the quarter, we acquired Inkabet’s B2C business. Inkabet is a fast-growing sportsbook and casino business aimed at the western region of South America. The acquisition further strengthens and expands our presence and position in the Latin America region and builds on the previous acquisitions of JDP Tech Ltd, Suaposta, and Colbet. We have also invested in the Canadian startup company Slapshot Media Inc by acquiring 28 per cent of the shares. The investment in Slapshot Media Inc means a partnership with local Canadian expertise that enables Betsson to create a strong position in the Canadian market ahead of the upcoming regulation in Ontario. Strengthening our business through acquisitions is an important component of our strategy and it has been a successful way to create growth but also to build competence in the organization. In this way, a dynamic business is created that also positively impacts existing operations.

About the Author

Claire – iGaming & land based specialist reporter for the global gaming market

As of June 2021, revenue for the brand, which was initially established in 2012, was $25.2 million, with operating income of $8.8 million. When compared to the previous 12-month period, revenue increased by more than 146 percent.

Building LatAm market share

Betsson’s CEO, Pontus Lindwall,of the company’s recent acquisition said: “Through this transaction, Betsson continues to build market share in the LatAm region, following the previous acquisitions of JDP Tech Ltd, Suaposta and Colbet.

“This strengthens our position in a strategically important region where we have performed well and have big ambitions for the future.”

Inkabet, which is hailed as “one of the leading B2C brands offering sportsbook and casino products,” focuses on the western part of the continent.

As of June 2021, revenue for the brand, which was initially established in 2012, was $25.2 million, with operating income of $8.8 million. When compared to the previous 12-month period, revenue increased by more than 146 percent.

About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He’s written more words on all elements of iGaming than he likes to remember, and he’s contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.

DISCLAIMER – All promotional codes or free bet offers, welcome bonuses and promotions that are listed on this site are subject to the terms and conditions of the respective operators. COOKIES – inkedin.com uses first and third party cookies on your computer to enhance this site and provide functionality. By continuing to use our site we will assume you accept our use of cookies.

Gambling Can Be Addictive. Please Play Responsibly.

Perhaps the most popular Peruvian bookmaker, Inkabet has managed to become a mainstay in the South American market. Offering both casino and sports betting services, they’ve become a hotspot for punters of all experience levels. Despite being relatively unknown to most people, they’ve managed to tick a few boxes that even the biggest brands seem to omit.

Inkabet

Perhaps the most popular Peruvian bookmaker, Inkabet has managed to become a mainstay in the South American market. Offering both casino and sports betting services, they’ve become a hotspot for punters of all experience levels. Despite being relatively unknown to most people, they’ve managed to tick a few boxes that even the biggest brands seem to omit.

In this review, we’ll take a good, close look at everything that makes Inkabet a crown jewel of the Latin American sports betting industry. While flaws do exist, we highly recommend this bookmaker, whether you’re a Peruvian citizen or just a passer-by.

Despite not being an internationally-oriented brand, Inkabet has devoted a lot of time and effort to deliver a premium product to their players. This is obvious the moment you see their home page. Orange, white and grey are quite an unorthodox combination, but this choice of colors is just a microcosm of Inkabet’s uncanny way of standing out. Regardless of the age and state of the device you’re using Inkabet on, the experience is always smooth and easy. Loading times are lightning-fast, mostly due to the lack of clutter.

One thing that stood out to us was the presence of custom-made advertisements and banners for upcoming events, something we usually only with renowned bookmakers such as William Hill or Bet365. The dark grey background highlights all the information you need is an efficient and aesthetically pleasing manner.

In most cases, we would point out the lack of 24/7 live chat support as a flaw, but no bookmaker exists in a vacuum. Inkabet serves customers in a single time zone, making around-the-clock support an unnecessary expense. You can also contact agents via email or WhatsApp, both of which resulted in pleasant experiences. Even if you don’t speak Spanish, agents will invest time and effort into assisting you with whatever problem is bothering you.

For a South American bookmaker, Inkabet boasts a decent-enough roster of payment options. Aside from the usual platforms, we love the fact that you can wire money via Western Union. Still, you have to create an account in order to see the available options, which is not something we’re fond of. Solid, by all means.

Sports and Betting Odds

Inkabet offers many sporting events for users to place bets on. Among the covered sports are: soccer, tennis, basketball, volleyball, American football, ice hockey, baseball, cricket, darts, indoor football, Rugby League, Rugby Union, UFC/MMA, handball, e-Sports, Australian football, golf, motorsport, snooker. Betting odds at Inkabet are competitive overall. Soccer betting margin is 10.9%, tennis betting margin is 5.7%, ice hockey betting margin is 8.6%, basketball with 8.3% and so on. The overall betting margin is 8.3%. These betting margins have been calculated using odds from different events in each sport. Please note that margins may be different from a sport to another, and even from a league to other.

Betting Features

A little detail that caught our eye is the displaying of how much time there is before the event starts. Aside from the usual time and date, you have a mini countdown timer. It’s these little things that turn good sportsbooks into great ones and Inkabet is no exception. There is a lot of eSports action going on, with an offer on par with the biggest names in Europe. Special bets are plentiful, but only for bigger events.

Security and Fairness

Inkabet is licensed by the Government of Curaçao, like many of its counterparts. They have a separate section devoted to security, in which they elaborate on the implementation of SSL encryption. Moreover, you have to provide several documents before your account is verified, making Inkabet one of the most fraud-proof websites we’ve encountered.

You can find out more about which cookies we are using or switch them off in settings .

Cookie Policy for iGaming Times

This is the Cookie Policy for iGaming Times, accessible from https://www.igamingtimes.com

What Are Cookies

As is common practice with almost all professional websites this site uses cookies, which are tiny files that are downloaded to your computer, to improve your experience. This page describes what information they gather, how we use it and why we sometimes need to store these cookies. We will also share how you can prevent these cookies from being stored however this may downgrade or ‘break’ certain elements of the sites functionality.

For more general information on cookies see the Wikipedia article on HTTP Cookies.

How We Use Cookies

We use cookies for a variety of reasons detailed below. Unfortunately in most cases there are no industry standard options for disabling cookies without completely disabling the functionality and features they add to this site. It is recommended that you leave on all cookies if you are not sure whether you need them or not in case they are used to provide a service that you use.

Disabling Cookies

You can prevent the setting of cookies by adjusting the settings on your browser (see your browser Help for how to do this). Be aware that disabling cookies will affect the functionality of this and many other websites that you visit. Disabling cookies will usually result in also disabling certain functionality and features of the this site. Therefore it is recommended that you do not disable cookies.

The Cookies We Set

Third Party Cookies

In some special cases we also use cookies provided by trusted third parties. The following section details which third party cookies you might encounter through this site.

This site uses Google Analytics which is one of the most widespread and trusted analytics solution on the web for helping us to understand how you use the site and ways that we can improve your experience. These cookies may track things such as how long you spend on the site and the pages that you visit so we can continue to produce engaging content.For more information on Google Analytics cookies, see the official Google Analytics page.
Third party analytics are used to track and measure usage of this site so that we can continue to produce engaging content. These cookies may track things such as how long you spend on the site or pages you visit which helps us to understand how we can improve the site for you.
From time to time we test new features and make subtle changes to the way that the site is delivered. When we are still testing new features these cookies may be used to ensure that you receive a consistent experience whilst on the site whilst ensuring we understand which optimisations our users appreciate the most.
As we sell products it’s important for us to understand statistics about how many of the visitors to our site actually make a purchase and as such this is the kind of data that these cookies will track. This is important to you as it means that we can accurately make business predictions that allow us to monitor our advertising and product costs to ensure the best possible price.
The Google AdSense service we use to serve advertising uses a DoubleClick cookie to serve more relevant ads across the web and limit the number of times that a given ad is shown to you.For more information on Google AdSense see the official Google AdSense privacy FAQ.
We use adverts to offset the costs of running this site and provide funding for further development. The behavioural advertising cookies used by this site are designed to ensure that we provide you with the most relevant adverts where possible by anonymously tracking your interests and presenting similar things that may be of interest.
We also use social media buttons and/or plugins on this site that allow you to connect with your social network in various ways. For these to work the following social media sites including; Facebook, Twitter, Google+, LinkedIn, Skype and Whatsapp, will set cookies through our site which may be used to enhance your profile on their site or contribute to the data they hold for various purposes outlined in their respective privacy policies.

More Information

Hopefully that has clarified things for you and as was previously mentioned if there is something that you aren’t sure whether you need or not it’s usually safer to leave cookies enabled in case it does interact with one of the features you use on our site.

However if you are still looking for more information then you can contact us through one of our preferred contact methods:

The investments in the US market to be able to launch our B2C offerings in Colorado during the first quarter of 2022 continue according to plan. This quarter has been an intense period to secure everything from meeting the authorities’ reporting requirements to adapting the platform and technology so that the US-adapted sportsbook can enter a testing and certification process. The sportsbook has also been integrated into the Strive platform, which has now been certified in the state of Colorado. The fact that the Strive platform is certified will benefit us during the testing and certification processes that are initiated now.

Inkabet sportsbook

Yet another strong quarter driven by the sportsbook

Group revenue was SEK 1,733.3 (1,676.7) million, an increase of 3%. Organic increase of 8%.
Casino revenue decreased by 2%. Sportsbook revenue increased by 24% and the sportsbook margin was 7.9% (7.0%).
Operating income (EBIT) was SEK 323.6 (329.1) million, a decrease of 1.7%, the EBIT margin was 18.7% (19.6%).
Net income was SEK 287.4 (290.6) million, corresponding to SEK 2.22 (2.22) per share.
Operating cash flow was SEK 423.5 (494.6) million.
Active customers increased by 7% to 986,429 (920,045).
Acquisition of Inkabet and investment (28%) in Slapshot Media Inc.

“Yet another strong quarter driven by the sportsbook”

Against the background of strong development this year, it was unfortunate that the Dutch Gaming Authority unexpectedly published a new policy at the end of September that entails a deviation from the previously communicated guidelines during the cooling off peri-od. The new policy implies that operators who are waiting out the cooling off period is forced to cease operations completely, pending an obtained license. Based on the new policy, Betsson decided to temporarily stop accepting Dutch customers on international websites in order to create good conditions for the upcoming licensing process. Betsson continues to have strong faith in the Dutch market and an ambition to be able to conduct business in the future in accordance with the new regulations. The efforts to prepare the license applications and preparations for certifying our technical platform in the Dutch market are ongoing. The application is expected to be submitted no later than at the end of the first quarter 2022 in connection with the end of the cooling-off period. The outcome of the application process is expected to be communicated after the summer of 2022 and I then hope our position in the Netherlands gradually can be regained thanks to strong brands and an organization with good local knowledge.

Continued investments in the US

Strengthening Betsson through acquisitions

A strong team paves the way for future success

An important guiding star for my leadership has always been to drive the company towards the goals set for it, regardless of obstacles along the way and I intend to continue according to that. We have built a very strong and competent team at Betsson and I look forward to continuing to build the company even stronger in the future.

PRESENTATION OF THE INTERIM REPORT

At 10:00 CEST today 26 October, Betsson invites analysts, investors and media to participate in the results presentation of the third quarter. The results will be presented by CEO Pontus Lindwall and CFO Martin Öhman. The presentation will be held in English, followed by a Q&A session. Participants are welcome to join via the link or phone, see details below.

Dial-in numbers:
Sweden: +46 8 50 55 83 66
UK: +44 33 33 00 92 69
US: +1 631 913 1422 PIN US: 79535039#

This information is information that Betsson AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 07:30 CEST on 26 October 2021.

Discussion (0)

No comments