Betsson builds on Latam spending spree with €8.8m payments acquisition
Stockholm-listed operator purchases 50% share in proprietary payments provider JDP Tech
Betsson Group has agreed an €8.8m (£7.6m) deal to acquire a 50% stake in software developer JDP Tech. Malta-based JDP Tech operates a proprietary tech platform for processing payments in Latam markets. Betsson said the deal would provide greater security for customer payment flows in Latam, which has been earmarked as a high-growth territory for Betsson following several key acquisitions. Earlier this month, Betsson secured a local partnership with Mexican casino operator Big Bola which should trigger the launch of the Betsson Mexico brand before the end of 2021. The Stockholm-listed operator has previously executed similar Latam-facing combinations in Brazil with Suaposta and in Colombia with Colbet and also owns a licence to operate in Argentina’s Buenos Aires. “Latam is a strategically important region for Betsson and we see great future potential for the company there,” Betsson Group CEO Pontus Lindwall explained. “With this strategic investment, Betsson is well positioned to further expand our business in the Latam igaming market,” Lindwall added. Betsson’s Rest of World reporting segment, which includes Latam, generated approximately €21m in revenue during Q4 2020.