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Betsson Ab Interim Report April – June 2020
Group revenue was SEK 1,532.8 (1,277.7) million, an increase of 20% with an organic increase of 12%.
Casino revenue increased by 40%. Sportsbook revenue decreased by 34% and the sportsbook margin was 6.9% (7.8%).
Operating income (EBIT) was SEK 217.7 (196.9) million.
The EBIT margin was 14.2% (15.4%).
Operating cash flow was 343.9 (390.6) million.
SIGNIFICANT EVENTS AND OUTLOOK
Acquisition of GiG’s B2C vertical completed.
New market entries into Colorado (USA) and Kenya.
The AGM in June resolved on dividend paid to shareholders in July of SEK 2.88 per share, corresponding to SEK 393.6 million.
The daily average revenue in the third quarter 2020 until 16 July was 35% (23% organic) higher than the average daily revenue of the full third quarter 2019.
CEO COMMENT
“I am proud that Betsson has delivered all-time high revenues under the most challenging conditions.”
“The second quarter was strong and followed the positive trend from the start of the year despite market challenges during this extraordinary period. The global pandemic had immediate effect on the Company from March onwards. We responded quickly and decisively to make changes in the offer, and I am particularly pleased to see the strong performance in casino. Sports betting revenues continued to be impacted in the second quarter by the pandemic as expected, however benefited from the progressive return of football and other sporting events at the end of the quarter. Our business has remained financially robust and resilient to this impact, being both diversified and flexible.
Our key focus areas remain the health and safety of both our employees and the societies in which we operate. Early on, we proactively took actions to enable both a safe and effective working environment for the whole Group and to ensure delivery of products and services to customers with uninterrupted quality.
From March to date, we have seen many changes in habits of how people work, interact, shop and enjoy entertainment, many enabled by advancements in technology and the use of digital devices. We believe the ongoing transition from offline to online has been further accelerated as a consequence of the global lockdowns. This will benefit the strategic direction of our business both short and long term.
In the quarter, we continued executing our strategic priorities, pushing through projects in accordance with the strategic plan. Betsson successfully completed the acquisition of the B2C operation from GiG and remotely onboarded approximately 60 new colleagues. We signed an agreement with Dostal Alley Casino in Colorado to enter the high-potential US market. Initially, we will start with B2C sports betting in the state of Colorado, with the ambition to sell our proprietary sportsbook to B2B customers in the future. In this quarter, we have also taken the first steps into Kenya by partnering with local partners. After the quarter, we have taken further steps to strengthen our position in South America where Betsson has expanded its presence in the only regulated market by acquiring 70% of the Colombian based operator Colbet. This deal will give us access to the Colombian market for online sport betting and casino.
The majority of our employees have been working from home and in the true `One Betsson’ spirit, we have all continued striving towards creating the best user experiences. This has been delivered through the full dedication of the teams, enabled by the quality of both our technical infrastructure and digital content. I am enormously proud of and thankful to all our people for their continued hard work and commitment to keeping the business momentum.
During this pandemic, governments have been modelling a range of scenarios of potential impact, several governments took immediate temporary actions on our industry such as either suspending gambling both offline and online or implementing restrictions on marketing. In the beginning of the third quarter, when most countries had removed Corona-related restrictions, Sweden sadly enough implemented restrictions on online casino, without empirical evidence. This measure will unfortunately push even more consumers to play outside of the Swedish regulation.
The immediate outlook is naturally uncertain, however Betsson is in good shape and we are in it for the long term. Our proprietary technology is a strategic advantage, our diversification in markets, verticals and brands makes us resilient to market fluctuations and our financials are rock solid. This makes me optimistic about the prospects for Betsson.”
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BETBAZAR Is Becoming B1(Be One)
The evolution continues. CEO Alex Iaroshenko reveals about the biggest transformation in the company’s history — why Betbazar became B1, the rise of AI-driven products — and what that means for the future of the industry.
- 1.Let’s start with the main question – after 7 years as Betbazar, what made you decide it was time for a bigger change?
These changes didn’t happen overnight. For the first few years, we were helping operators find the right products on the market. But over time, we started understanding the market on a much deeper level – what operators actually struggle with, what technology they really need and where the industry is heading next.
AI Cricket creation and the growth of our Sports Data Feed became a big turning point for us. That’s when it became clear: we’re no longer just a marketplace. We’re becoming a product company. That was the moment we realized we were no longer just distributing products — we were building the future direction of the company ourselves.
And with that evolution came the understanding that the company needed a new identity that truly reflected where we were heading next.
- 2.How did the idea of AI Cricket even appear in the first place?
It actually started from a product perspective. We saw that operators needed sports content that was faster to launch, easier to scale, more cost-efficient, and less dependent on large trading teams. At the same time, they wanted something visually different from traditional virtual products — modern futuristic graphics, AI-powered avatars and gameplay that feels much closer to real sport: live, unscripted and autonomous.
That’s how AI Cricket appeared. Fast-paced gameplay, continuous engagement, AI-driven results, live betting and branded customization — built for modern operators and for the way audiences consume entertainment today.
- 3.In a market where most operators already have access to sports data, how does B1 Sports Data Feed create additional value?
The sports data market is very mature, and we understand that data itself has become something of a commodity. Operators already have access to feeds and most of them are unhappy about what they have — what really matters today is quality, flexibility, coverage, and reliability.
Our approach is to combine a proven, industry-trusted data source with additional models, unique events, and tailored market coverage. This allows us to deliver a highly customizable solution that adapts to different operator needs and scales, while maintaining the performance and reliability the market expects at the highest level.
- 4.Was it emotionally difficult to say goodbye to the Betbazar name?
Honestly, it doesn’t feel like saying goodbye. It feels more like the beginning of a new chapter. We didn’t change the name simply because we wanted something different — the company evolved, and the brand needed to reflect that evolution.
At the same time, Betbazar remains an important part of our story. We’re not abandoning it. As we continue building our own products and ecosystem, there may well be a place for Betbazar in the future. So rather than an ending, we see this as a new beginning — both for B1 and potentially for Betbazar in a different role down the road.
- 5.Why did you choose the name “B1 (Be One)”?
Because it reflects exactly what the company became. We didn’t want a name that simply sounds modern or trendy. We wanted something that captures our positioning and mindset.
‘Be One’ means being the one the operator chooses from among many options. Not because of the biggest catalog, but because of the products, technology, and reliability behind it.
For us, B1 is really about focus: creating innovative products that boost profits, and doing it deeper, faster, and with a higher standard. This idea formed the basis of the entire rebranding.
- 6.What are the core principles behind B1 today?
The market is already full of loud messaging and endless catalogs. We focus on building technology that solves real operator challenges. That means reliable products, fast integration, regular content updates, and infrastructure that helps operators move quickly without adding unnecessary complexity.
Speed is a big part of our mindset. Whether it’s launching new content or integrating new products, we believe operators should be able to go live in days, not months. To support that, we’ve developed our own AI-powered integration tool that significantly streamlines the onboarding process. With an AI-friendly technical team on the operator side, integration can take – two days.
- 7.Do you think AI will completely reshape the industry over the next few years?
I don’t think AI is something the industry will face someday — it’s already here. But what we’re seeing today is only the first stage.
Over the next few years, I believe we’ll see entirely new AI-powered leagues and competitions emerge, potentially featuring digital athletes and AI-generated sports experiences that exist alongside traditional sports. They will be faster, available 24/7 and designed around continuous engagement. In many ways, AI won’t just improve existing products — it will create entirely new forms of sports entertainment. AI Cricket was our first step in that direction, and we’re already working on what comes next.
ABOUT B1 (BE ONE):
B1 (Be One) is a product-focused iGaming company, shaping AI-driven content and real-time sports data infrastructure.
Website: https://b1.global/ai-cricket
LinkedIn: https://www.linkedin.com/company/b1global/?viewAsMember=true
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argenpress.info Releases World Cup Report on Argentina’s Online Gambling Market
Berlin, Germany, June 30th, 2026
New research highlights player safety challenges during football’s biggest betting event
Argenpress.info has released new research examining how the 2026 FIFA World Cup is reshaping online gambling activity in Argentina, with the report warning that tournament-driven player growth is placing greater importance on operator transparency, fast payouts and consumer education.
The report, authored by Argentine gambling analyst Rogelio Lugoni, analyses how major sporting events attract thousands of first-time bettors and why this creates new challenges for both operators and regulators.
“The World Cup always brings a surge of new players into the market,” said Lugoni. “Many are placing their first online bet, which makes trust, transparency and clear licensing more important than ever.”
Tournament Betting Creates New Challenges
According to the report, Argentina’s online gambling market continues to expand rapidly, but major sporting events expose weaknesses in player awareness and operator transparency.
The research concludes that first-time users are significantly more likely to register with unfamiliar operators during major tournaments, increasing the importance of clear licensing information and reliable payment processes.
Among the report’s key findings are:
- Increased first-time player registrations during major tournaments
- Greater importance of fast and transparent withdrawals
- Higher demand for trusted operator information
- Growing need for player education around licensing
- Increased focus on consumer protection
Player Trust Extends Beyond Bonuses
While promotional offers remain a key acquisition tool during the World Cup, the report argues that long-term retention depends on the overall player experience.
According to Lugoni, delayed withdrawals, unclear verification procedures and poor customer support remain among the most common reasons players lose confidence in an operator.
“Players remember how quickly they receive their winnings far more than the size of the welcome bonus,” Lugoni explained. “Trust is earned through consistency and transparency.”
Research Based on Independent Operator Testing
The report forms part of argenpress.info’s ongoing market research programme covering Argentina’s online gambling sector.
Unlike traditional market commentary, each operator reviewed by the platform undergoes practical testing, including registration, deposits, gameplay, verification procedures and withdrawal requests before any recommendation is published.
As Argentina’s online gambling market continues to develop, argenpress.info says it will continue publishing research focused on player behaviour, regulation and operator standards.
About argenpress.info
Argenpress.info is an independent Argentine gambling information platform founded by Rogelio Lugoni. The platform publishes market research, operator reviews and educational content covering online casinos, sportsbooks and gambling regulation, helping players make informed decisions through independent testing and analysis.
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Genting Casino Online
Genting Casino Online launches IGT slot Money Gong Empress as exclusive
The five-reel Money Gong mechanic title is now available only on Genting Casino Online, expanding the operator’s exclusive content line-up.
Genting Casino Online has launched Money Gong Empress, a new online slot from IGT, as an exclusive title for its players.
The five-reel game uses IGT’s Money Gong mechanic and includes Hold and Win-style gameplay, prize modifiers, “Money Balls”, bonus features, and free games with expanding wilds, according to the company.
Michael Vella, Brand Manager at Genting Casino, said: “We’re always looking to give our players something they can’t experience elsewhere, so we’re delighted to launch Money Gong Empress exclusively with IGT.
“IGT has built an outstanding reputation for creating engaging, premium-quality casino games and Money Gong Empress is another fantastic addition to that portfolio. Its vibrant theme, exciting bonus features and rewarding gameplay make it a brilliant fit for our customers, and we’re excited to be the first place players can enjoy it.”
Genting Casino Online said Money Gong Empress joins its existing IGT catalogue, including Cash Eruption, Lion Dance and Might of Olympus. The game is available now on the operator’s site.
The post Genting Casino Online launches IGT slot Money Gong Empress as exclusive appeared first on EE Gaming | Global iGaming & Tech Intelligence Hub.
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