STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Betsson (STO:BETSB) has established a business relationship with a local company in China which has set up a joint venture in the sports lottery related industry together with a Chinese state owned company.
China has the largest internet population in the world and is expected to issue internet lottery reseller licenses in the future.
“It is an important part of our strategy to be present through our B2B-unit in the world’s major markets” says Pontus Lindwall, CEO of Betsson AB. “Betsson has invested in Asia for more than three years since we believe that the Asian markets have a great potential in the long term. I believe that this JV will provide a solid platform for us in China and I am very excited over this opportunity”.
Betsson cannot today estimate when the cooperation within the joint venture will start generating revenues.
BETSSON AB’S CORE BUSINESS CONSISTS OF INVESTING IN AND ADMINISTER COMPANIES WHICH OFFERS GAMING ON INTERNET BY THEMSELVES OR THROUGH PARTNERSHIPS. BETSSON AB OWNS BETSSON MALTA WHICH OPERATES GAMES THROUGH PARTNERSHIPS AND TOWARDS END CUSTOMERS VIA WWW.BETSSON.COM, WWW.CASINOEURO.COM AND WWW.CHERRYCASINO.COM. BETSSON MALTA OFFERS POKER, CASINO, CARD GAMES, LOTTERY, BINGO AND GAMES. CUSTOMERS ARE PRIMARILY FROM THE NORDIC REGION AND THE REST OF EUROPE. BETSSON AB IS LISTED ON OMX NASDAQ NORDIC MID CAP LIST, (BETS).
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