Latest News
Betsson Acquires Majority of Shares in B2B Sportsbook Business

Betsson AB (publ) has through a subsidiary acquired 80% of the shares in KickerTech Malta Limited from TG Holdings Limited.
KickerTech owns a business-to-business (B2B) sportsbook operation. The acquisition will support Betsson’s B2B growth strategy by expanding its client base and providing additional scalable technology as well as strengthening the existing sportsbook with advanced trading and modeling tools and added sportsbook features for players.
KickerTech has a team of 50 professionals building advanced odds models, trading technology and sportsbook features. The team is based in Vilnius, Lithuania. In the last 12 months, ending on 30 September 2022, the acquired business generated revenue of approximately EUR 2.6 million and EBIT of approximately EUR 1.3 million.
The total consideration for 80% of the shares amounts to EUR 14 million on a cash and debt free basis. The consideration will be paid in three installments, with EUR 6 million in cash immediately, EUR 4 million in cash in six months with an additional EUR 4 million in twelve months, either in cash or shares issued by Betsson. The cash portion of the acquisition will be financed with Betsson’s existing funds.
“We continue to grow our sportsbook business around the world and this deal will both strengthen our position as one of the leading B2C sportsbook operators in the market and complement our highly competitive B2B sportsbook proposition. We are acquiring a proven business with a track record of growth in client base, sportsbook turnover and revenue in the past years. The acquisition will contribute sportsbook functionality, tech development capabilities and new B2B clients. I am very pleased to welcome the new team and clients to the Betsson Group,” Pontus Lindwall, CEO of Betsson AB, said.
-
Africa7 days ago
Tanzania Gaming Board Warns Families About Risks Posed by Betting on PlayStation Games
-
Latest News7 days ago
Best Online Casinos in Europe for 2025 – Top 10 European Casino Sites For Real Money
-
Africa7 days ago
Ghana Gaming Commission Introduces Mandatory Biometric Verification
-
Asia7 days ago
Indian Gaming Industry Expresses Concern About Proposed Online Gaming Bill
-
Latest News7 days ago
Best Crypto Casinos & Gambling Sites in Japan 2025 (Ranked List)
-
Asia6 days ago
Indonesia Prepares VPN Laws to Crack Down on Illegal Online Gambling
-
Latest News6 days ago
5 Brand New Online Casinos: US Newest Online Casino Sites of 2025
-
Latest News7 days ago
Best NO KYC Casinos – Top No Verification Casino Sites in 2025