One of Betsson subsidiaries has on April 28, for the brand Triobet, received a gaming license to operate in Latvia. Recently Betsson Group also received a license in Ireland. Betsson now owns operations with local licenses in Malta, Denmark, UK, Ireland, Italy, Estonia, Georgia and Latvia.
“When outdated legal structures and old monopolies are dismantled great favorable conditions for long-term profitable growth are created. Our strategy is to increase the proportion of sustainable revenue by participating in local licensing procedures as well as increasing strong growth both organically and by acquiring companies in local regulated markets. The gaming tax in Latvia is 10 percent on gross gaming revenue which is a level that guarantees high channeling and a sustainable system,” Ulrik Bengtsson President and CEO of Betsson AB, said.
For further information, please contact:
Malin Sparf Rydberg, Director of Communications, Betsson AB (publ), telephone: +46 (0)8 506 403 00, malin.sparfrydberg@betssonab.com
