SiGMA

Betsson purchases 50% stake in JDP Tech strengthening LatAm operations

Posted:: Apr 20, 2021 15:38 Category: Online , Payments , M&A Action , Posted by Maria

Betsson will be investing €8.8m in JDP Tech: a specialist processing firm for the South American Market

Sweden listed operator Betsson has strengthened its operations in Latin America by acquiring 50% of the shares in software development company JDP Tech through its subsidiary, Betsson Perch. The acquisition deal is worth €8.8m and Betsson will be settling this in shares.

Pontus Malta based JDP Tech operates a payment processing platform in LatAm markets. According to Betsson, this purchase will secure customer payment flows for its continued expansion efforts in Latin America.

Pontus Lindwall, CEO of Betsson AB commented saying “LatAm is a strategically important region for Betsson and we see great future potential for the company there. With this strategic investment Betsson is well positioned to further expand our business in the LatAm iGaming market.’

In 2020 Betsson expanded its presence in South America launching new sportsbook ventures in markets like Peru, Brazil and Colombia.

Last week Betsson announced that it had secured a joint venture agreement with Big Bola Casinos.

SiGMA Roadshow – Manila:

The SiGMA Roadshow is stepping up its game; now virtual, the webinar will take on a new jurisdiction every month, targeting a global agenda of gritty conference topics and a small, yet buzzing expo floor. Next up, SiGMA Group will be eyeing Manila on the 5th of May. This deal-making event is an exclusive opportunity to make connections and provide rocket fuel for your business, whether you’re an operator, affiliate, or supplier. The Asian market is ripe for the taking, and the SiGMA Roadshow is for the savvy, forward-looking businessperson hoping to gain entrée into the region. Register now and join us for two engaging hours bursting with insightful conference content and new business opportunities.

Related Posts

The future of integrated resorts

Laura Schembri sat down with Jacob Zwaagstra, the Chief Executive Officer of Tricelta Development, a real estate development firm with…