{"id":191,"date":"2024-06-17T14:50:23","date_gmt":"2024-06-17T11:50:23","guid":{"rendered":"https:\/\/reddognodepositbonuscodes.icu\/2024\/06\/17\/betsson-acquires-majority-stake-in-kickertech-to-boost-sports-betting-operations\/"},"modified":"2024-06-20T17:17:26","modified_gmt":"2024-06-20T14:17:26","slug":"betsson-acquires-majority-stake-in-kickertech-to-boost-sports-betting-operations","status":"publish","type":"post","link":"https:\/\/reddognodepositbonuscodes.icu\/2024\/06\/17\/betsson-acquires-majority-stake-in-kickertech-to-boost-sports-betting-operations\/","title":{"rendered":"Betsson Acquires Majority Stake in KickerTech to Boost Sports Betting Operations"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/tV7FimJQ1Us\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Betsson is aggressively expanding its sports wagering operations and has recently made a significant move to achieve this goal. The company has secured a dominant 80% ownership in KickerTech, a provider of sports betting software solutions. This transaction, valued at \u20ac14 million (equivalent to $14 million USD), grants Betsson a majority stake through one of its subsidiary entities.<\/p>\n<p>The acquisition cost will be disbursed in three separate payments. Betsson will initially pay \u20ac6 million in cash upfront, followed by an additional \u20ac4 million in cash after a six-month period. The remaining \u20ac4 million will be paid after one year, either in cash or Betsson company stock.<\/p>\n<p>Betsson&#8217;s Chief Executive Officer, Pontus Lindwall, views this as a crucial step in solidifying their presence within the competitive global sports betting arena. He emphasized that this acquisition will not only bolster their already robust business-to-business (B2B) sports betting segment but also enhance their leading business-to-consumer (B2C) brand.<\/p>\n<p>KickerTech, employing a team of 50 individuals based in Lithuania, specializes in developing odds algorithms, trading platforms, and other essential sports betting functionalities. They have demonstrated a successful history, generating \u20ac2.6 million in revenue and \u20ac1.3 million in profit before accounting for interest and taxes in the fiscal year ending in September 2022.<\/p>\n<p>Lindwall underscored the value proposition of KickerTech, stating that they are acquiring an established enterprise with a proven track record of expanding its clientele, betting volume, and revenue streams. He believes this strategic acquisition will provide them with improved sports betting capabilities, novel technological assets, and a new group of B2B customers. <\/p>\n<p>We were excited to bring a new group and their athletes into the Betsson circle! This calculated action follows closely after Betsson&#8217;s unprecedented fiscal achievements in the third quarter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Betsson is aggressively expanding its sports wagering operations and has recently made a significant move to achieve this goal. The company has secured a dominant 80% ownership in KickerTech, a provider of sports betting software solutions. This transaction, valued at \u20ac14 million (equivalent to $14 million USD), grants Betsson a majority stake through one of [&hellip;]<\/p>\n","protected":false},"author":101,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Betsson Scores Big: 80% Stake in KickerTech for \u20ac14 Million<\/title>\n<meta name=\"description\" content=\"Betsson just made a HUGE move in the sports betting world, grabbing an 80% stake in software provider KickerTech! This \u20ac14 million deal is set to shake things up. 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