Betsson has established a Malta-based subsidiary that will focus on geographical markets lying outside Betsson’s core areas.
The distribution of shares in Angler is in line with Betsson’s technical and market-based focus. Angler’s operations will be based on technical solutions for which Betsson has decided to discontinue development work and on Betsson’s non-core geographical markets.
Malta-based Angler owns a gaming company that has a gaming licence in Curaçao. This company will, initially, target approximately 30 markets in South America, Africa and Europe, based on client bases and technological platforms acquired from Betsson.
The revenues for Betsson in these markets comprise less than 0.1 per cent of its total revenues, while the number of registered clients comprises approximately five per cent of Betsson’s total number of registered clients.
Betsson will now be able to commit more development in finalising a group-wide technological platform and also to concentrate on its chosen focus markets.
