Betsson Withdraws from Dutch Market Due to Regulatory Delays
Betsson Group cancelled the acquisition of Holland Gaming Technology Ltd and Holland Power Gaming B.V. for €27.5 million after the Dutch regulator KSA failed to issue approval on time.
Reasons for Terminating the Deal
Betsson announced the termination of the agreement to acquire the two Dutch gaming companies, as the required approval from the Dutch regulator was not received by the set deadline.
The deal was announced on February 19, 2024, and included the purchase of:
- Holland Gaming Technology Ltd
- Holland Power Gaming B.V.
However, due to the lack of a decision from the Dutch Gambling Authority (KSA) within the designated timeframe, Betsson decided to cancel the deal.
Financial Consequences
According to the terms of the agreement, the transaction amount was set at €27.5 million. After termination, Betsson will receive €26.7 million back, minus a break fee:
| Indicator | Amount |
|---|---|
| Total deal value | €27.5 million |
| Refunded amount | €26.7 million |
| Break fee | €0.8 million |
Important: According to the company, this termination will not have a material impact on the consolidated financial statements of the Betsson Group.
Another Setback in the Dutch Market
This is already the second unsuccessful attempt by the company to enter the Dutch market:
- In 2023, Betsson withdrew its license application due to significant delays in the approval process.
- In 2025, the company abandoned the deal with Holland Gaming for the same reasons — prolonged wait for regulatory approval.
Company Representatives’ Comments
According to Betsson CFO Marten Eman and VP of Communications Roland Glassfors, the decision to withdraw from the deal was solely due to delays on the regulator’s side.
The company intends to focus on other opportunities and develop business in other jurisdictions.
About Betsson
Betsson AB is one of the world’s leading online gaming groups. The company actively invests in fast-growing businesses and strives for sustainable growth, both organically and through mergers and acquisitions. Betsson AB is listed on Nasdaq Stockholm (Large Cap, ticker: BETS-B).
Contact Information:
- Marten Eman, CFO Betsson AB — +46 (0)8 506 403 00, ir@betssonab.com
- Roland Glassfors, VP Communications & IR — +46 (0) 760 024 863, ir@betssonab.com
Publication date: June 2, 2025, 12:00 CEST
Conclusion
Despite Betsson’s ambitions to establish a presence in the Dutch market, regulatory barriers once again proved to be an obstacle.
The company continues its active development but is now considering alternative directions for business expansion.