Betsson Looking to Raise Capital for the Future

This story was published more than 1 year ago.

Swedish online gaming group Betsson has announced that they're looking to obtain investment in their company, looking for a minimum volume of SEK500 million to help support the company's plans moving forward.

The company is working with Swedbank and Nordea to arrange for meetings with potential investors to see if they may be able to issue bonds for future growth. Proposed bonds would run 3 years, but market conditions would dictate at what rate they could offer returns.

Speaking about the decision to see future investment company CEO Pontus Lindwall said, "We have the ambition to grow, organically and through acquisitions. This should be done in a profitable and sustainable manner, primarily in locally regulated markets and we continuously evaluate additional markets to grow in.

"With this planned bond issue, we secure financial flexibility to execute our long-term strategy."

We'll follow this story and let readers know if and when bonds will be issued.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.