Betsson Looking to Raise Capital for the Future

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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Betsson CasinoMalta, Sweden, U.K.

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