Knutsson Holdings AB – a Swedish investor within the Gaming sector – announced today it has strengthened its shareholdings in Betsson Group by swapping 300,000 B-shares to A-shares. A-shares is a Swedish instrument which gives ten votes for every share instead of one.
Knutsson Holdings now has 3,010,000 A-shares and 3,150,000 B-shares which gives 4.3 % of the capital but 11.4 % of the voting rights. Knutsson Holdings has been a major shareholder in Betsson Group since 2007.
“We are proud shareholders in one of the leading European online iGaming companies with several strong brands and we firmly believe Betsson has positioned itself very well in regulated markets and recently started interesting B2B activities with their own developed sportsbook,” commented Michael Knutsson – CEO of Knutsson Holdings.
About Betsson AB
Betsson AB (publ) is a holding company that invests in and manages fast-growing companies within online gaming. The company is one of the largest in online gaming in Europe and has the ambition to outgrow the market, organically and through acquisitions. This should be done in a profitable and sustainable manner, primarily in locally regulated markets. Betsson AB is listed at Nasdaq Stockholm, (BETS). www.betssonab.com
About Knutsson Holdings
Knutsson Holdings AB is a Swedish investment company involved in the gaming industry since 1959. It has a vast experience of operating casinos, both in Sweden and internationally. 20 years ago, it shifted its focus towards investing in online gaming and is today one of the largest Swedish investors within the Gaming sector. The company has also a majority shareholding in casino platform provider NetEnt (publ) AB and other interests such as Casumo & Kwiff (Operators), Better Collective (Affiliate), & Scout Gaming (Daily Fantasy Sports). The company is run by CEO and co-owner Michael Knutsson and co-owner Tristan Sjöberg. The family also operate TCSJOHNHUXLEY, a worldwide leading supplier of live gaming equipment.