Swedish online gaming operator Betsson AB has officially withdrawn from its planned €27.5 million (approximately $31.44 million) acquisition of two Dutch companies—Holland Gaming Technology Ltd and Holland Power Gaming B.V. The agreement, initially announced in February 2024, was contingent upon approval from the Kansspelautoriteit (KSA), the gambling authority of the Netherlands.
Betsson structured the acquisition to strengthen its position in the growing Dutch iGaming market. Holland Gaming Technology holds a license to operate in the Netherlands, while Holland Power Gaming serves as a content provider. The deal was part of Betsson’s broader strategy to expand in regulated European markets.
However, the transaction faced repeated delays, as the KSA failed to issue a ruling by the agreed long-stop date. Without the required regulatory green light, Betsson opted to terminate the deal. As a result, both Dutch firms will return to their original owners.
Betsson will receive a refund of €26.7 million (around $30.52 million), excluding any break fee. The company emphasized that the termination will not have a significant effect on its financial performance or earnings outlook.
In a statement, Betsson reiterated its commitment to expanding in regulated markets and adapting to evolving compliance requirements. While the cancellation of the Dutch deal is a temporary setback, the company continues to explore opportunities across Europe and beyond.
This development highlights the challenges international operators face when navigating complex and evolving regulatory environments. The Dutch market, while attractive, remains difficult to penetrate due to its strict licensing and compliance framework.
Despite this reversal, Betsson remains focused on long-term growth and sees strong potential in both established and emerging regulated markets.
