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Betsson AB ( ($SE:BETS.B) ) just unveiled an update.
The Swedish Supreme Court has ruled that Betsson AB’s subsidiary, BML Group Ltd, must repay approximately EUR 500,000 to a former customer, upholding a previous decision by the Patent and Market Court of Appeal. The case pertains to activities between 2009 and 2014, prior to the implementation of the Swedish Gambling Act in 2019. Betsson’s CEO, Pontus Lindwall, expressed disappointment but noted that the ruling is based on specific circumstances and is not expected to have significant financial repercussions for the company. Betsson emphasizes its commitment to responsible gaming practices.
More about Betsson AB
Betsson AB is a prominent player in the online gaming industry, owning fast-growing companies and ranking among the largest online gaming groups worldwide. The company aims for growth that surpasses market rates, achieved both organically and through acquisitions, with a focus on profitability and sustainability. Betsson AB is listed on Nasdaq Stockholm Large Cap.
Average Trading Volume: 284,778
Current Market Cap: SEK27.41B
See more insights into BETS.B stock on TipRanks’ Stock Analysis page.