Betsson nets third online gaming licence in Argentina
Betsson has received an online gaming licence in the province of Cordoba in Argentina, which is the third licence for the operator in the country.
The new licence, granted to Betsson and its partner Casino de Victoria, is one out of eight licences that have been awarded by the local regulator Loteria de Cordoba.
The cooperation between Betsson and Casino de Victoria, a land-based operator in Argentina and part of Grupo Mautone, started back in 2019.
The two companies joined forces to work on the applications for online gaming licences in the province of Buenos Aires and in the City of Buenos Aires, both of which have been granted and operations were launched during 2022.
Pontus Lindwall:”When merging their long experience in the Argentinian market with our know-how in online gaming, we can truly reach our ambition of becoming a market leader in this rapidly growing online market.”
Pontus Lindwall, president and CEO of Betsson AB, commented: “We are very pleased to have received a licence to operate in the locally regulated market in the province of Cordoba, together with our partner, Casino de Victoria.
“When merging their long experience in the Argentinian market with our know-how in online gaming, we can truly reach our ambition of becoming a market leader in this rapidly growing online market,” he added.
Nearly 20% of total revenue
In Q3 2022, Betsson’s Latam revenue reached €38.8m, 19% of the operator’s total revenue.
Betsson has been active in Latam since 2008, with a presence in Peru, Brazil, Argentina, Colombia, and Mexico.
In Q3 of last year, all of the countries in the region reported revenue growth compared to the corresponding period in 2021, even though revenue declined sequentially due to a lower sportsbook margin.
In December, the company opened its operational centre in Bogotá, Colombia, to reflect Latam’s key contribution to its revenue.