Robust risk management is a cornerstone in Betsson Group’s continuous efforts for reaching a profitable and sustainable business long-term. 

Betsson is continuously developing its risk management processes and structures. Betsson's risk governance model is based on the general corporate governance model.

Why is it important for Betsson to manage risks?

Doing business is seldom risk free. Like many other providers within our industry, the business run by Betsson faces several different risks within different areas. Betsson manages these risks through its framework for enterprise risk management. The enterprise risk management shall be an integrated part of the Group’s core business. Increasingly more complex regulatory requirements paired with investments in healthy growth opportunities, require that the Group has a robust risk management in place. The overarching purpose is to ensure that the business, on a long term, is run in a sustainable manner to avoid excessive risk taking, to secure compliance with relevant regulatory requirements, and to preserve and reinforce trustworthiness in the eyes of customers, shareholders, and the society at large.

The GRC function is responsible for driving and promoting sound, clear and efficient enterprise risk management, on behalf of the Board in Betsson AB and Group management, addressing governance, risk, and compliance issues. The continued responsibility of the function is to ensure that necessary and appropriate frameworks, processes, and routines for risk management are implemented, and to own, manage, and develop this over time.

To learn more about the three lines of defence at Betsson, the Governance, Risk and Compliance function and Betsson’s Risk Management Framework continue to the sub-sections.