Latest News
Betsson Ab Year End Report, 1 January – 31 December 2020

Continued growth during the quarter with an EBIT increase of 59 percent
QUARTER OCTOBER – DECEMBER 2020
- Group revenue was SEK 1,762.5 (1,289.5) million, an increase of 37% with an organic increase of 36%.
- Casino revenue increased by 33%. Sportsbook revenue increased by 47% and the sportsbook margin was 7.3% (6.8%).
- Operating income (EBIT) was SEK 317.8 (200.5) million, an increase of 59%, the EBIT margin was 18.0% (15.5%).
- EBIT adjusted for one-off costs for provisions of losses on payment providers of SEK 44.4 million was SEK 362.2 million,
equivalent to a margin of 20.6 percent. - Operating cash flow was SEK 223.9 (237.8 ) million.
- Active customers increased by 44% to 989,969 (686,499).
FULL YEAR 2020
- Group revenue was SEK 6,389.6 (5,173.0) million, an increase of 24% with an organic increase of 20%.
- Operating income (EBIT) was SEK 1,125.2 (865.0) million, an increase of 30%. The EBIT margin was 17.6% (16.7%).
- Net income was SEK 990.8 (787.1) million, corresponding to SEK 7.32 (5.69) per share.
- Operating cash flow was SEK 1,384.4 (1,150.3) million, an increase of 20% compared to the same period last year.
- The Board of Directors proposes to the AGM that SEK 502.9 (393.6) million, which corresponds to SEK 3.68 (2.88) per share,
is distributed to shareholders.
CEO COMMENT
“ATH revenues in the fourth quarter with growth in all regions“
“Betsson ended 2020 with yet another strong quarter. Under the extraordinary circumstances that still prevail, online gaming continue to demonstrate its resilience to market fluctuations and Betsson demonstrates good profitability. During the fourth quarter, revenues increased by 37 percent compared to the previous year, with growth in all regions, and the operating profit increased by 59 percent. The increase is driven by both casino and sportsbook with a sportsbook margin that was slightly higher compared with the third quarter this year. We are pleased by the continued strong development in the Nordics, especially in Denmark and Sweden, at large driven by the “pay and play” brand Jalla Casino.
There are several reasons for Betsson’s success. The transition to digital entertainment has been further accelerated during the pandemic, which has benefited us, but in the long run Betsson’s underlying strengths are crucial in creating growth and shareholder value. Our long experience and the strong financial position mean that we can continue to implement our strategy with a focus on growth despite current challenges.
During the first nine months of 2020 Betsson made several acquisitions, which together with licenses obtained in other countries, entailed expansion with new brands to new markets while we continued to develop products and functions in existing markets. During the fourth quarter, Betsson continued on this offensive path. We obtained a license in Argentina and launched the Betsafe brand in Kenya. In December, Betsson obtained a license in Colorado, USA and preparations are now underway to launch our highly competitive Sportsbook there in 2021. There is great interest in our Sportsbook and our ambitions are high to develop the B2B offering as a sportsbook supplier. Our first B2B sportsbook customer ibet was intended to launch in time for the Euro 2020 but had to postpone due to the pandemic. ibet has now had a “soft launch” in the European market and we continue to evaluate additional business opportunities.
The pandemic still holds us all in a tight grip and Betsson’s focus is, as always, on safety and health, for our employees and for society in general.
We still face challenges, but we leave 2020 behind and continue with determination to benefit from our strengths to create a strong global and diversified product portfolio of strong brands and local expertise. The strong financial position enables investments in technology and existing product portfolio. And we are confident in our ambition with a scalable and flexible proprietary technology as well as highly dedicated and talented teams”.
Powered by WPeMatico
Alea
HIPTHER Community Voices: It’s Cybersecurity Awareness Month – Interview with Product Principal of Secure Solutions at Continent 8 Technologies, Craig Lusher

Reading Time: 5 minutes
October marks Cybersecurity Awareness Month, a global initiative dedicated to promoting online safety and equipping enterprises with the knowledge needed to mitigate cyber threats.
To recognise this important occasion, we connected with Continent 8 Technologies – widely recognised as the trusted cybersecurity partner for the iGaming sector. In this Community Voices feature, we speak with Craig Lusher, Product Principal of Secure Solutions at Continent 8, as he shares expert perspectives on the evolving cybersecurity landscape within the iGaming and online sports betting industry, including emerging challenges, opportunities, and industry-leading best practices.
How have cyber threats changed in the iGaming world lately?
Historically, most attacks were single-vector events focused on individual organisations. Today, we are seeing a marked increase in complex, coordinated threats. For instance, distributed denial-of-service (DDoS) attacks are often used to divert attention from concurrent credential stuffing attempts, and large-scale campaigns now target multiple entities – such as land-based casinos and online sportsbooks – simultaneously. Threat actors employ layered techniques to conceal their true objectives, executing multifaceted attacks across diverse groups.
Social engineering has emerged as one of the most prominent and rapidly evolving risks. Phishing techniques such as email scams, fake websites, text messaging or SMS and fraudulent voice calls have advanced significantly with the development of sophisticated AI language models and automation tools, empowering attackers to convincingly impersonate individuals or organisations. The capabilities of modern AI mean that realistic voice messages and video representations can now be created within minutes, underscoring the pressing need for organisations to enhance their security posture and maintain robust vigilance across all digital channels.
Are there any weak spots in the iGaming industry – like certain countries or regulations – that make it easier for cybercriminals to attack?
Jurisdictions with more rigorous cybersecurity regulations often see operators and suppliers achieving a higher standard of cyber resilience. However, one of the challenges that the industry faces is that regulatory frameworks are often inconsistent, particularly in multi-jurisdictional markets. For example, in the US, each state maintains its own regulatory body, resulting in varying cybersecurity standards across state lines. Gaming operators and suppliers should strive to not only meet but exceed regulatory requirements wherever possible.
We are also seeing a notable increase in third-party vulnerabilities within the iGaming and online sports betting industry. This sector operates within a highly interconnected environment, where the integration of third-party partner software and APIs can pose potential security risks. For example, our customer Alea leverages a single API integration, this helps reduce their attack surface area to introduce standardisation. Through our comprehensive suite of cybersecurity assessment services, we have partnered closely with Alea to test their infrastructure.
Learn more about the partnership here:
What are some of the best ways iGaming companies are protecting themselves from hackers today? Are there rules or systems we follow to stay safe?
To strengthen the cybersecurity posture of iGaming and online sports betting platforms, organisations must shift from a reactive response model to a proactive, defence-in-depth strategy. Rather than waiting for vulnerabilities to be exposed within systems, platforms or personnel, it is imperative to anticipate and mitigate risks through structured, preventative measures. Key best practices include:
- Conducting regular security audits and comprehensive risk assessments
- Utilising advanced threat detection and response technologies
- Establishing and maintaining well-documented procedures for identifying, responding to, and recovering from cyber incidents
- Providing continuous cybersecurity training and awareness programmes for all personnel
- Equipping staff to recognise phishing campaigns, social engineering techniques, and other prevalent attack vectors
- Enforcing timely software updates, effective patch management, and strong authentication protocols such as multi-factor authentication (MFA)
- Enhancing supply chain security by rigorously evaluating and monitoring third-party vendors and partners
- Investing in next-generation technologies and methodologies to address emerging threats, especially in the context of developments in AI and artificial general intelligence (AGI)
- Ensuring strict compliance with all relevant cybersecurity regulations and standards, moving beyond a checkbox approach to security
These initiatives establish a resilient security foundation, enabling organisations to effectively mitigate risks in an evolving threat landscape.
How can new technologies like AI or machine learning help detect suspicious activity, prevent fraud, or keep the platform safe for players?
Artificial intelligence is enabling threat actors to increase the speed, scale and effectiveness of their attacks – malicious actors are leveraging AI to rapidly identify vulnerabilities, automate exploit generation, develop advanced malware that evades detection and execute attacks on a global scale.
The good news is that AI is also a powerful ally for cybersecurity teams that can be used to counter these threats. Strategic applications include:
- Deploying AI-driven threat detection for real-time identification of security incidents
- Automating incident response processes to isolate compromised devices, block malicious traffic, and implement mitigation measures swiftly
- Using AI to proactively identify and address vulnerabilities within internal systems before adversaries can exploit them
- Implementing automated patch management to remediate security gaps as soon as they are discovered
- Utilising threat intelligence platforms powered by AI to analyse and disseminate emerging attack patterns, equipping organisations to prepare for future threats
By embracing these advanced capabilities, organisations can strengthen their posture and stay ahead of sophisticated AI-driven threats and attacks.
How often should employees across departments get cybersecurity awareness training, and what should it include?
Human error remains a primary vector for cyber threats – 70% of security breaches are caused by the human element.
To effectively counteract this risk and build up the ‘human firewall’, organisations must implement a comprehensive, layered cybersecurity strategy, comprising the following components:
Employee training and awareness: People represent the first and most critical line of defence. Regular, organisation-wide cybersecurity training is essential to ensure all staff can identify the latest phishing tactics and practice strong cyber hygiene. This training should encompass the recognition of suspicious communications, the risks of interacting with unknown links or attachments, and the importance of vigilant online behaviour.
Simulated phishing attacks: Leveraging targeted simulations such as our SafeBait solution empowers employees to safely experience and recognise a variety of attack scenarios. These simulations can be customised to reflect real-world phishing attempts across multiple attack vectors, including SMS, WhatsApp, voice and QR code-based attacks.
Endpoint protection: Deploying robust endpoint security – such as our Endpoint Detection and Response (EDR) service – protects devices from malware and phishing attempts by offering real-time monitoring, rapid anomaly detection and immediate threat response.
Mobile protection: As mobile usage continues to rise, the deployment of advanced mobile security solutions is essential. Our Mobile Protect service delivers comprehensive protection for iOS and Android devices, effectively mitigating mobile-specific attack vectors.
At Continent 8, as well as our cybersecurity specialist division, C8 Secure, we prioritise ongoing internal security assessments with our own teams, upholding the standards we recommend to our customers through continuous practice and vigilance.
What trends or best practices do we anticipate will influence and shape the industry in 2025 and beyond?
There are a couple of developments that we should monitor.
First, threat intelligence. This has been an underutilised practice, due to the complexity of managing and analysing large-scale, complex datasets to effectively detect and correlate emerging, sector-specific threats in real time. I
We recently announced how we are able to address these requirements through the launch of our Threat Exchange solution – the industry’s first dedicated cyber threat intelligence (CTI) platform. This game-changing solution delivers actionable, real-time intelligence, enabling gaming operators, platform providers and B2B gaming technology companies to proactively detect emerging threats, improve indecent response and understand the threat landscape
Secondly, as we’re aware, regulatory frameworks are always evolving, gradually introducing changes that will further impact and strengthen industry security requirements. Importantly, these regulatory advancements are being applied not only to organisations but also to individual users, encouraging best cybersecurity practices and hygiene to protect systems at every level. It is essential for iGaming operators and suppliers to deliver comprehensive training platforms that incorporate realistic simulations, such as phishing exercises, to ensure staff are well-prepared for current and emerging threats.
October is recognised as Cyber Awareness Month – a reminder of the importance of cybersecurity and adherence to best practices. However, cyber threats remain persistent, and it is essential to embrace an always-on, 2/7 cyber-defence strategy that delivers comprehensive, year-round, end-to-end protection.
The post HIPTHER Community Voices: It’s Cybersecurity Awareness Month – Interview with Product Principal of Secure Solutions at Continent 8 Technologies, Craig Lusher appeared first on European Gaming Industry News.
Edvardas Sadovskis CPO at ICONIC21
Stampede towards big wins in Buffalo Wild Collection from ICONIC21

Reading Time: < 1 minute
Provider’s latest slot game features Wilds, Multipliers, Free Spins and a Collection feature that lets players feel the power of the herd and gives them strength in every spin
Players will feel the power of the herd and find strength in every spin in Buffalo Wild Collection, the latest slot from in-demand iGaming content provider, ICONIC21.
Buffalo Wild Collection takes players to the Great Plains, where they follow these magnificent beasts towards potentially big wins.
The game is set across a 5×4 gameboard, and plays with a steady rhythm and sharp intensity, with Multipliers and Free Spins bringing a stampede of excitement.
Wilds can also appear on the central reels and transform into powerful 2x or 3x Multipliers, stacking together for wins of up to 27x.
Scatter symbols unlock the Free Spins, while the Golden Buffalo turns the journey into a true collection challenge, upgrading symbols step by step until the herd takes over.
Buffalo Wild Collection has been built for momentum and is driven by progression, with every game round feeling alive with the promise of growing energy and even bigger wins.
Edvardas Sadovskis, CPO at ICONIC21, said: “Buffalo Wild Collection takes players to the Great Plains where they get to spin the reels alongside these majestic animals as they join the herd in search of potentially big wins.
“The gameplay has been designed to move at a steady but unrelenting pace, with progression at the heart of the experience offered by Buffalo Wild Collection.
“The combination of Wilds, Multipliers, Free Spins and the Collection feature makes this a bonus-heavy game that will appeal to both casual and experienced players alike.
Buffalo Wild Collection is built for operators seeking distinction, combining bold design with commercial strength to drive customer engagement and sustained growth.”
The post Stampede towards big wins in Buffalo Wild Collection from ICONIC21 appeared first on European Gaming Industry News.
Flamez
Flamez and Play’n GO – a Promising Collaboration

Reading Time: 2 minutes
A successful online casino launch is only as good as its partnerships. Ganadu Gaming is turning up the heat with a new brand, Flamez, in conjunction with Play’n GO, the masterminds behind some of the world’s most popular casino games.
New home for fan favourites
This collaboration brings to life incredible gaming experiences through proven titles like Rich Wilde and the Book of Dead, Legacy of Dead, Reactoonz, Moon Princess, Rise of Olympus, and many more. With new titles being released all the time, Play’n GO’s catalogue is an essential pairing for the Flamez game lobby.
Flamez is an accessible platform offering top-notch technology, over 4,000 of the world’s leading slots, table games, and live casino games, all with seamless play experiences and slick UX. This brand is designed to be a player-first product, dovetailing perfectly with the Play’n GO range of titles, which covers almost every conceivable genre of online slots.
Sven de Waard, Head of Casino at Ganadu Gaming has this to say: “We’re proud to be able to offer our players at Flamez a range of games that includes the remarkable Play’n GO collection. This provider is a must-have for an online casino to be taken seriously. Our collaboration is bound to have mutual benefits, and we look forward to introducing beloved favourites as well as exciting new releases to our audiences. There are exceptional game mechanics, including creative bonus rounds to be explored as well as many opportunities for players to win, with a bit of luck”.
A Play’n GO spokesperson concurs: “Flamez is a great space for our game titles to live; the site’s integration works well and we’re sure that fans of the Play’n GO range will enjoy encountering the fun in a fresh context. We look forward to a long and fruitful partnership with Ganadu Gaming and Flamez.”
A safe and secure iGaming platform
Fair play and regulatory compliance come first at Flamez, underscored by a strict licence from the Kahnawake Gaming Commission (KGC) and a reputable ISO 27001 certification.
The secure payment system supports a variety of payment methods, including selected credit cards, e-wallets, and online banking, to suit player preferences. Flamez is a Pay’n Play casino in Finland, where players can use Bank ID for registration and verification, so they can start playing and withdrawing right away.
The post Flamez and Play’n GO – a Promising Collaboration appeared first on European Gaming Industry News.
-
DBET6 days ago
Peter & Sons Joins Forces with Videoslots to Reach Players Across Europe
-
Anna Borisenkova6 days ago
Stakelogic Live and Optibet Double Down on Live Casino with Branded Blackjack and Roulette Launches
-
Feidhlim Cunningham CEO of the Irish Racehorse Trainers Association6 days ago
William Hill backs grassroots Irish racing with new series sponsorship
-
Admiral.ch6 days ago
Relax Gaming expands Swiss footprint with Admiral.ch launch
-
Central Europe6 days ago
Golden Whale announce new collaboration with merkurbets.de
-
888 Romania6 days ago
Digitain Secures Strategic Partnership with 888 Romania
-
Africa6 days ago
DigiPlus Applies for South Africa License
-
Meridianbet’s7 days ago
Meridianbet’s Largest Shareholder Aleksandar Milovanovic Completes $500,000 Cash-to-Equity Conversion Under Post-Closing Agreement with Parent Company