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BETSSON INTERESTED IN CHINA
30th October, 2012 at 01:57:02
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).
Related News Tags: China, Sweden
SWEDISH GOVERNMENT'S ONLINE GAMBLING STUDY GROUP TO DELIVER FINDINGS THIS WEEK (Update)
29th March, 2017 at 19:48:16
Reliable sources tell Reuters news agency that the investigating panel is likely to advise the scrapping of the monopoly system.
BLITZ ON THE WAY FOR CHINESE ONLINE GAMBLING
29th March, 2017 at 08:27:22
Government plans to crack down hard on online casinos and foreign land operators targeting Chinese high rollers.
NEVADA GAMBLING REVENUES FOR FEBRUARY RELEASED
28th March, 2017 at 19:47:54
Not the best February - 4.5 percent down year-on-year.
OURGAME LOOKS TO GLOBAL EXPANSION
27th March, 2017 at 13:46:09
Particularly within social casino and eSports sectors.
NEW ONLINE SLOT FROM QUICKSPIN ON THE WAY
25th March, 2017 at 08:38:18
Sakura Fortune set for release April 11.