A significant online gaming company, Betsson, is expanding its presence in South America. Using its subsidiary, SW Nordic, Betsson is purchasing Inkabet, a well-known online wagering platform in the area. This calculated purchase reinforces Betsson’s standing in South America, a vital region for the company’s expansion plan.
The agreement is valued at an upfront $25 million, with the possibility of an extra $4 million contingent on Inkabet’s performance in the coming six months. Betsson is further enhancing the deal with an added $5 million in postponed payments distributed over the subsequent two years.
Inkabet, recognized for its sports wagering and internet casino products, has been a leading presence in the western part of South America since its inception in 2012. The brand has experienced remarkable expansion, reporting a 146% surge in earnings in the year preceding June 2021.
Betsson is tactically employing its revolving credit line to fund this purchase, a move that demonstrates their financial adaptability and desire for continued growth. This acquisition is a strong indication that Betsson is committed to solidifying its place as a frontrunner in the rapidly developing Latin American market.
The head of Betssons, Pontus Lindwall, expresses great enthusiasm for their growth in the Latin American region. He views the latest purchase of Betsson Perú as a significant victory, expanding upon their previous triumphs with JDP Tech Ltd, Suaposta, and Colbet. Lindwall feels assured that Betsson is strategically situated to become a leading force within this flourishing market.
