International edition
September 19, 2020

Triobet sites to be removed from the IAUI’s blacklist

Betsson’s Triobet brand secures operating license in Latvia

Betsson’s Triobet brand secures operating license in Latvia
Betsson has secured a license to offer its services to Latvian customers via its Triobet brand following approval from the country’s gambling regulator the Lotteries and Gambling Supervision Inspection (IAUI).
Latvia | 05/04/2016

Betsson has secured a license to offer its services to Latvian customers via its Triobet brand following approval from the country’s gambling regulator the Lotteries and Gambling Supervision Inspection (IAUI).

T

he license means that a number of Triobet sites are likely to be removed from the IAUI’s blacklist of unlicensed gambling domains.

Betsson has owned Triobet since April 2012, when it acquired parent company Nordic Gaming Group for an initial €60m in cash and €5m in shares.

Having secured the Latvian license, Betsson has further increased its regulatory footprint, now holding licenses in Malta, Denmark, the UK, Ireland, Italy, Estonia and Georgia.

“When outdated legal structures and old monopolies are dismantled great favorable conditions for long-term profitable growth are created,” Betsson president and chief executive Ulrik Bengtsson said.

“Our strategy is to increase the proportion of sustainable revenue by participating in local licensing procedures as well as increasing strong growth both organically and by acquiring companies in local regulated markets. The gaming tax in Latvia is 10 percent on gross gaming revenue which is a level that guarantees high channeling and a sustainable system,” he explained.

 

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook