Betsson acquires Nordic Gaming Group

**Bleeth** · 04-18-12, 09:29 AM

WTH, now i'll be limited to 5 EUR bets at NordicBet too (as i am at Betsson already), at least till now i had a few tenths to bet with.

**thespeculator** · 04-18-12, 10:14 AM

might be a good thing, the bigger they are the might be willing to take action from winning players,

**Gallin** · 04-18-12, 10:24 AM

Originally posted by thespeculator

might be a good thing, the bigger they are the might be willing to take action from winning players,

Doubt it. Just look at all huge books like Will Hill, Ladbrokes etc...

**Ruifgalmeida** · 04-18-12, 12:59 PM

Originally posted by lukahh

Bookmakers' consolidation is continuing.
Recently Unibet swallows 24bet, and today Betsson expanding.

Perhaps EU will only have 5-10 bookies within 5 years.

your numbers are way off in the UK alone you have more that 20 bookies

**HeeeHAWWWW** · 04-18-12, 02:05 PM

One shit high-juice heavy-limiting book swallows another.

**rodneytrotter** · 04-19-12, 05:50 AM

The mystery is why they are paying 65 million euros.

Bet24 was worth 13 million?

Aren't they just paying to buy the same customers that they already have?

It must be the poker players that they are after, as the sports division must be worthless, on Bettson for instance I was just allowed £3 at 3.50 on the Grand Prix - deadbeats that they are.

**lukahh** · 04-19-12, 08:11 PM

Originally posted by Ruifgalmeida

your numbers are way off in the UK alone you have more that 20 bookies

well, today yes. and of course, i guess each country will keep at least one.
but bookies number is getting constantly lower, not higher.

**CHUBNUT** · 04-20-12, 08:40 AM

there's only 5 bookmakers now, the rest are charlitans.

**Juret** · 04-22-12, 06:47 AM

Betsson and Unibet are both listed on the Stockholm Stock Exchange and there is pressure on these companies from stockholders to grow through acquisitions, the earnings multiples indicate this although gambling companies are considered defensive (low beta) in its nature and yielding 4 % each approx. in dividends.

**lukahh** · 04-23-12, 09:37 AM

Originally posted by Juret

Betsson and Unibet are both listed on the Stockholm Stock Exchange and there is pressure on these companies from stockholders to grow through acquisitions, the earnings multiples indicate this although gambling companies are considered defensive (low beta) in its nature and yielding 4 % each approx. in dividends.

ah, 4% dividend return? it is not bad, actually. what's the P/E?

**Juret** · 04-23-12, 10:24 AM

Originally posted by lukahh

ah, 4% dividend return? it is not bad, actually. what's the P/E?

Unibet is around 14 and Betsson around 16.

**JC_GUFC** · 05-04-12, 02:41 AM

I found this strange when I heard it - Betsson, after 1 bet, had me limited to very small bets whereas I've had lots of bets at Nordicbet and never been restricted despite winning a bit off them.
I was under the impression that Nordicbet were a much bigger book than Betsson.
Bet24 seemed a bit of a joke to me - they previously sponsored football teams in the UK but appeared to have little interest in any business from this part of the world. Although now restricted, Unibet seem like easily the best of all these Scandinavian facing books.