Published
Mergers & AcquisitionsSports BettingIndustry

Betsson Group acquires 75% of Brazilian horseracing operator

Betsson Group has purchased a majority stake in Brazilian licensed horseracing operator Suaposta.

BetssonStockholm

The deal grants the Swedish operator access to the Brazilian sports betting market ahead of expected online gaming regulation in the country.

Betsson has acquired a 75% stake in Suaposta, with Founders Andre Gelfi and Fernando Correa retaining a 25% stake, remaining CEO and CFO respectively.

Gelfi said: "We are delighted to announce this agreement with Betsson Group, who are perfectly positioned to enable our business to realise its full potential in the newly regulating Brazilian market."

The transaction was brokered by Partis and Partis Co-founder Rob Dowling said: "This deal provides an excellent outcome for both parties.

"Suaposta’s Founders are excited to maintain an active role and to realise their significant growth plans, and Betsson Group have gained unrivalled access into the emerging LATAM online gaming market."

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Seminole Hard Rock Support Services
Seminole Hard Rock Support Services
Metropolitan Gaming
Holland Casino
Nederlandse Loterij
Follow Us

Facing Facts: Q1 2024 analysis from across the globe

Gambling Insider tracks the Q1 results of operators across t...

Taking Stock: A guide to sports betting operator and supplier prices

Gambling Insider tracks sports betting operator and supplier...

Tailor-made: The power of personalisation in the modern gaming industry

With insights from GR8 Tech, Greentube and the Oregon Lotter...

Sportradar and the Taiwan Sports Lottery: More offerings, greater efficiency

Danny Fok, VP of Strategic Projects at Sportradar, speaks al...