Betsson AB’s subsidiary Betsson Nordic Ltd warned and sanctioned by the SGA

Betsson Nordic Ltd, an operational subsidiary of Betsson AB which operates the Betsson brand in Sweden, has been issued a warning and a sanction fee of SEK 20 million from the Swedish Gambling Authority (SGA). Betsson Nordic Ltd is considered to have failed to register agents who sold vouchers as well as offered on its webpage, Betsson Mastercards with the perceived scope for potential future customer incentives. Both cases are deemed by the SGA as non-compliant to the Swedish gambling legislation.

Both the warning, the sanction and the hefty sanction fee come as a surprise to Betsson AB. The decision will be appealed on both accounts since Betsson AB does not agree with the view that Betsson Nordic Ltd has not complied with the Swedish Gambling Act. Betsson AB is of the view that the vouchers have been offered in line with the applicable law and that Betsson Nordic Ltd has not offered any commercial incentives or benefits connected to the Betsson Mastercard.

For more information, please contact:

Pontus Lindwall, CEO and President Betsson AB
pontus.lindwall@betssonab.com

Jenny Lilljeqvist, VP Communications & Sustainability
jenny.lilljeqvist@betssonab.com +46733683369

About Us

Betsson AB’s Core Business consists of owning and administering shareholdings in companies which, themselves or through partners, offer gaming to the end users via the internet. Betsson AB owns Betsson Malta which operates gaming to the end users either through their own websites or through partnerships. Betsson Malta offers Poker, Casino, Sportsbook, Scratch Cards, Bingo and Games. The customers come primarily from the Scandinavian countries and other parts of Europe. Betsson AB is listed on NASDAQ OMX Nordic Mid Cap List, (BETS).

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