Wednesday 4. May, 2016

Betsson Secures License to Operate in Latvia

Swedish gaming operator Betsson has received a gaming license for its Triobet brand from the Lotteries and Gambling Supervision Inspection (IAUI) of Latvia that will allow it to offer its services to customers in Latvia.

Betsson has owned the Triobet brand since April 2012 when it acquired its parents company Nordic Gaming Group. By attaining a gaming license in Latvia, a number of Triobet sites will now be deleted from the IAUI’s blacklist of unregulated gaming sites.

Betsson has been expanding into regulated gaming markets steadily over the last few years and it now owns operations and holds licenses in Malta, the UK, Ireland, Italy, Denmark, Estonia, Georgia and Latvia.

“When outdated legal structures and old monopolies are dismantled great favourable conditions for long-term profitable growth are created,” stated Ulrik Bengtsson, who joined Betsson AB in his new role of president and chief executive of the company in February.

“Our strategy is to increase the proportion of sustainable revenue by participating in local licensing procedures, as well as increasing strong growth both organically and by acquiring companies in local regulated markets.”

“The gaming tax in Latvia is ten percent on gross gaming revenue which is a level that guarantees high channeling and a sustainable system.”

Last month, Betsson posted an 18 percent increase to SEK1 billion ($123.1 million) in Q1 revenues compared to the same period last year. The company’s growth was attributed largely to its strong sportsbook performance which saw a 27 percent increase in organic revenue, with an increase from SEK6.1 billion to SEK6.7 billion year on year.

“Organic growth continues to be strong; this is the eighth consecutive quarter where growth in constant currency has exceeded market growth in our core markets,” said Bengtsson.

TOP CASINOS
$200 BONUS

Start your Australian casino adventure with a $200 bonus and 5000 seeds!


130 FREE SPINS

All new Australian players get 130 free spins and bonuses up to €1000 on the first three deposits.


30 FREE SPINS

Get 30 free spins and 4 welcome bonuses to a total value of $1400 as a new Australian customer!


35 FREE SPINS

New Australian players get 35 free spins on Spiñata Grande and a 100% welcome bonus up to $200!


400% BONUS

As a new Australian customer, deposit €100 and you will get €500 to play for!


€10 EXCLUSIVE BONUS

Get a €10 exclusive bonus on your first depost and get 10% top-up on your winnings or 10% cashback on your losses the first week.


200 FREE SPINS

Get 50% of the deposit you make in free spins! Deposit $400 in order to get 200 free spins! Also, 100% bonus on your first deposit!


$500 BONUS

Join All Australian Casino and get a 100% bonus up to $500 as a new Australian customer!


50 FREE SPINS

As a new Australian player, you get 50 free spins and a 200% welcome bonus!


180 FREE SPINS

Get up to $1000 in bonus on your first four deposits. Also, 180 free spins to all new Australian players!


100 FREE SPINS

Get 100 free spins on Starburst and a first deposit bonus worth up to $400 as a new Australian player!


PokiesPedia was last updated:
April 16, 2017

Receive 100 Free Spins Now!

Receive 100 Free Spins Now!

Join our mailing list to receive 100 free spins instantly and the best bonus offers for Australians!

You have Successfully Subscribed!