Betsson is strengthening its management functions in preparation for continued expansion

Betsson plans to continue to expand rapidly both in its core markets, as well as in new, potential markets, such as in China and India. The markets for Internet-based gaming continue to grow rapidly, whilst, at the same time, licensing at national levels displays a trend towards increased tolerance. All in all, this creates major possibilities for Betsson, at the same time as increasing the complexity of continued expansion. In order to ensure that Betsson can continue to expand on its own, well-controlled terms, in a rapidly changing environment, Betsson’s owners and board have worked to broaden and strengthen the company’s management functions.

Consequently, the owner representatives in the Nominating Committee propose that the current Chief Executive Officer and Group President, Pontus Lindwall, be elected to the board at the annual general meeting of shareholders on 12 May 2011. Furthermore, the Nominating Committee proposes that Pontus Lindwall assume the position of working Chairman of the board in Betsson AB from 1 July 2011.

For more information, see press release.