Betsson Declines to Follow Through with Acquisition in the Netherlands

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By Arijit Roul - 5 Jun, 2025 More about the author

Betsson stopped the process to buy Holland Gaming Technology Ltd and Holland Power Gaming B.V because the company wants to look at other business chances.

The acquisition plan was made public by Betsson in a press release on 19 February 2024, giving details of the deal for Holland Gaming Technology Ltd and Holland Power Gaming B.V. According to that release, approval from the Dutch Gambling Authority was needed before they could finish the acquisition. The Dutch Gambling Authority did not decide in time, so Betsson chose to reverse the deal after the deadline.

Delay from Dutch Regulator Triggers Withdrawal

Now, Betsson will cancel the transaction, so Holland Gaming Technology Ltd and Holland Power Gaming B.V go back to the sellers, and Betsson receives back the purchase money minus a break fee, which means Betsson will be repaid EUR 26.7 million in total. The company confirmed this reversal will not bring any important change to the Group’s final income statement.

Financial Outcome and Contact Information

For more questions, people can contact Martin Öhman, who is the CFO at Betsson AB, at +46 ()8 506 403 00 or by writing to ir@betssonab.com. Roland Glasfors, the Vice President of Communications & Investor Relations at Betsson AB, can also be reached at +46 () 760 024 863 or by email at ir@betssonab.com. The company released this news because EU Market Abuse Regulation requires Betsson AB (publ) to let the public know, and the information was shared by the contact people above at 12.00 CEST on 2 June 2025.

About Betsson AB

Betsson AB owns many companies in online gaming industry that grow very quickly. The group is seen as one of the biggest global operators in online gaming and aims to expand faster than the market, by building new business and by buying other companies. The group believes growth is best when it is profitable and stays sustainable. Betsson AB shares are available on Nasdaq Stockholm Large Cap.