Betsson Interested In China

BETSSON INTERESTED IN CHINA

30th October, 2012 at 01:57:02
Source: http://www.azonlinecasinos.com

Chief exec says the long term prospects present a "very interesting opportunity for us."

Swedish online gambling group Betsson is taking a keen interest in developments in China, according to comments made by chief executive Magnus Silfverberg at a press conference this week.

"Currently there are almost no revenues from China and we do not expect significant revenues over the next year, but in the longer term it is a very interesting opportunity for us," said Silfverberg.

"We have been told that licences will be coming out in the next year or year-and-a-half, and we are positioning ourselves to get one of those, and doing what we think are the right measures in combination with our [unidentified Chinese] partner," he added, referring to the company's disclosure last year that it had teamed up in a joint venture with an undisclosed Chinese partner (see previous report).

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