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Knutssom Holdings Increases Voting Stake in Betsson Group

Published

5 years ago

May 4, 2020

Niji Narayan

Knutssom Holdings Increases Voting Stake in Betsson Group

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Swedish investor Knutsson Holdings AB has strengthened its shareholdings in Betsson Group by swapping 300,000 B-shares to A-shares. A-shares give ten votes for every share instead of one. Knutsson Holdings is a major shareholder in Betsson Group since 2007.

“We are proud shareholders in one of the leading European online iGaming companies with several strong brands and we firmly believe Betsson has positioned itself very well in regulated markets and recently started interesting B2B activities with their own developed sportsbook,” Michael Knutsson, CEO of Knutsson Holdings, said.

Knutsson Holdings has also a majority shareholding in casino platform provider NetEnt AB and other interests such as Casumo and Kwiff (Operators), Better Collective (Affiliate) and Scout Gaming (Daily Fantasy Sports).

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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.