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Betsson Becomes Largest Stakeholder in Suaposta

Published

5 years ago

December 12, 2019

Niji Narayan

Betsson Becomes Largest Stakeholder in Suaposta

Reading Time: < 1 minute

Online gambling and betting operator Betsson has acquired a 75% stake in Suaposta and become the single largest stakeholder in the Brazilian race betting operator.

According to the deal, despite Betsson now becoming the largest stakeholder, Suaposta’s founders André Gelfi and Fernando Corrêa would be in charge of the brand’s local online operations.

Gelfi said that the increased involvement of Betsson will put them in “an interesting position to contribute to the development of the onshore sports betting market in Brazil.”

Brazil is about to legalise gambling and Betsson’s deal with Suaposta will strategically benefit the company when the gambling market opens up in Latin America’s largest country.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.