Betsson has entered into the Nasdaq Stockholm Large Cap segment as the first online only gaming company to be listed.
The upgrade becomes effective from January 1, 2015 as a result of market capitalization exceeding Euro 1 Billion for the last two years.
Magnus Silfverberg, chief executive officer and president of Betsson AB, said, “It is very gratifying that our long-term efforts are paying off. The fact that Betsson is entering the Large Cap list demonstrates that we have a well-functioning business with talented employees and a clear strategy.
“Our multi-brand strategy creates favourable conditions for continued growth, both organically and through acquisitions. The strategy has also strongly contributed to increased profitability as Betsson has the highest margins in the industry.”
catapultaudio
9 years ago
Wow. I had no idea there was no online gaming companies listed on Nasdaq, so this absolutely is most definitely a big deal. I think that over the next few years we will start to see many stock indexes filled with these companies, especially if the USA finally gets on board and starts allowing online gaming in most states.
Wow. I had no idea there was no online gaming companies listed on Nasdaq, so this absolutely is most definitely a big deal. I think that over the next few years we will start to see many stock indexes filled with these companies, especially if the USA finally gets on board and starts allowing online gaming in most states.
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jade
9 years ago
The first online only gaming company to be listed on Nasdaq. This really is a Big deal. I know that most people believe that these online casino's make an enormous amount of money and in some cases they do. For the most part casinos online are like any other business. If they have a sound foundation and make good financial...
The first online only gaming company to be listed on Nasdaq. This really is a Big deal. I know that most people believe that these online casino's make an enormous amount of money and in some cases they do. For the most part casinos online are like any other business. If they have a sound foundation and make good financial decisions, they can succeed and be profitable like any other business,
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