Betsson makes €27.5M Holland Gaming acquisition

Betsson makes €27.5M Holland Gaming acquisition

Article brief provided by iGaming Business
  • Kyle Goldsmith, iGaming Business
February 19, 2024 6:38 PM
  • Kyle Goldsmith, iGaming Business

Betsson has announced the €27.5m ($29.6m) acquisition of Holland Gaming Technology, a gaming operator with a Netherlands license, as well as the game studio Holland Power Gaming.

Story continues below

The deal will increase Betsson’s presence in the Netherlands and will be financed with the group’s own liquid assets.

Made on a cash and debt-free basis, of the €27.5m, €16m will be paid upfront with deferred payments of €9m and €2.5m to come in six months and 12 months respectively.

It previously appeared Betsson was easing its operations in the Netherlands, withdrawing its online gambling license application for the country in July 2023 due to “significant delays” in the approval process.