Betsson subsidiary SW Nordic Limited has completed its acquisition of the B2C online gambling business of Latin American sportsbook and casino operator Inkabet.
Betsson in August agreed to purchase Inkabet for $25.0m (£18.5m/€21.6m), in a deal that also included a number of additional payments, contingent on Inkabet hitting certain performance targets.
Betsson said the acquisition will help strengthen and expand its presence in Latin America, a region it described as “strategically important” for the wider business.
The operator also said it expects the purchase to increase scale in the business as well as unleash synergies, being both revenue and earnings accretive from the fourth quarter 2021 onwards.
