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Betsson bolsters horse racing offering with €34m RaceBets acquisition

7th December 2016 9:55 am GMT
Betsson Group

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 [...]

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