Betsson To Raise More Capital

Investor meetings scheduled to discuss upcoming 3 year bond issue

The mainly online Swedish gambling group Betsson AB has announced a series of fixed income investor meetings commencing November 14 at which a proposed SEK-denominated senior unsecured 3 year bond issue will be discussed, the proceeds from which will be used to facilitate the group's acquisition strategy, refinancing debt and general corporate purposes.
"Betsson has a clear acquisition strategy and we constantly review opportunities that could materialise in the short or medium-term. The planned bond issue creates increased financial flexibility for Betsson to continue to be active in the consolidation of the gaming sector," said Ulrik Bengtsson, CEO and President of Betsson AB in a company statement Monday.
Betsson primarily targets companies in markets that are regulated or are about to be regulated.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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