Upon stepping down, Lindwall, with tissue in hand, told eGaming Review, “I have had the position of group CEO since January 1998, since then the company has become a lot bigger.”
He continued, “As every other department is growing we need to do the same in top management, and that is what we are doing by upgrading Magnus. He really knows the company, and that is vastly important in this landscape.”
The news comes after Betsson enjoyed record revenue figures for the final quarter of 2010 thanks in no small part to the sports betting part of the business. They also went on an unprecedented expansion drive over the past six months as they signed deals in the Asian hotbeds of China and India, and also Italy, with an obvious view towards the future. Those Scandinavians sure know how to party and do business at the same time it seems!
Much like other markets, in-play betting rose 13% compared with March 2010 but it will still be scant consolation. It comes after the entire Italian gaming market grew by 28 per cent in 2010 and showed signs of taking off, as if they’d had one too many cans of Red Bull, obviously with some vodka mixed in. This will bring them back down to Earth with a resounding bump though, much like the morning after a night on the vod-bulls would.