Betsson buys majority of shares in B2B sportsbook business; posts revenue up 18% in "best quarter ever"

Betsson has acquired 80% of the shares in KickerTech for $14 million. The brand has reported its "best quarter ever" with revenue of €200.3 million ($201.2 million) in Q3. KickersTech has a team of 50 professionals building advanced odds models, trading technology, and sportsbook features. The company generated revenue in the last 12 months of EUR 2.6 million and EBIT of approximately EUR 1. 3 million, according to Betsson. Group revenue was $207.7 million (18% increase over the same period last year), driven by both sports betting and casino gambling.

Betsson's business has been unaffected by the general business cycle. The company saw a high level of activity on the product and technology side during the quarter. A new sports betting product was launched in Italy and the company entered into two new sponsorships with the football clubs Salernitana and Palermo.