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Betsson’s CEO Ulrik Bengtsson Steps Down

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Ulrik Bengtsson leaves Betsson
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Ulrik Bengtsson has left his position as President and CEO of Betsson.

 

No reason was given for this unexpected departure, as the board was happy with both Betsson‘s results and strategy.

When the Board and the CEO disagree, it is normal procedure that the CEO leaves. Ulrik has chosen to leave immediately,”  said a company spokesman.

The company grew year-on-year revenues by 26% to €123.2 million in the second quarter of 2017, driven by a strong performance from its core casino component and also sportsbook.

Adjusted for acquisitions undertaken since the comparable quarter last year, the operator achieved an organic growth of 15%. Betsson acquired NetPlay TV, Spanish-licensed Premier Casino, the Lithuanian-facing business of Tonybet and niche horse racing operator RaceBets in this period.

Pontus Lindwall has been appointed as CEO of Betsson AB until a new CEO has been recruited, with his role as chairman of the board to be assumed by board member Patrick Svensk until further notice.

Ulrik Bengtsson has done a good job for Betsson during the five years he has been employed by the group. He has clarified the strategy and implemented significant product launches. On behalf of the board and myself, I would like to thank Ulrik for his efforts,”  said Mr. Lindwall in a company announcement.

The board has initiated the process to find a new permanent CEO of Betsson AB.

Jesper Svensson, chief commercial officer of BML Group, has been appointed acting CEO in Betsson’s operational subsidiary in Malta.

Betsson is the largest gaming company in Malta, having employed its 1,000th staff member a few months ago. It has been operating in Malta since 2004.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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