Stockholm-listed gaming operator Betsson has strengthened its horse race betting offering with the acquisition of RaceBets for a price that may rise to €40m.
Founded in 2005, RaceBets is licensed in the UK, Ireland, Malta and Germany, with the German Thoroughbred Racing Association holding a minority stake in the business.
Its proprietary betting platform is described by Betsson as being "on a par with the best UK operators," offering bets on more than 250,000 races each year.
The operator said that [...]
