Betsson interested in China

Monday, 29 October 2012

Betsson seem to be taking a very keen interest in China following their CEO comments recently saying the long term prospects present a “very interesting opportunity for us.” The Swedish online gambling firm 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 & 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, & we are positioning ourselves to get one of those, & 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.

Author: Editor

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