Tag: Betsson
Betsson agrees €65 million deal to acquire Rhino Entertainment Group’s Canadian business
Betsson has announced an agreement to acquire the licensed Canadian B2C operations of Rhino Entertainment Group, along with a range of B2B technology assets used by the operator. The total transaction value is €64.5 million, representing approximately 4.7 times EV/EBITDA based on Rhino’s estimated financial performance for the 2025 financial year. Betsson has agreed to
Betsson to Acquire Rhino Entertainment Group’s Canada License
Swedish online gambling company Betsson has announced it will acquire Rhino Entertainment Group’s B2C business in Canada, as well as a set of technology assets for its B2B operations, for a total sum of EUR 64.5 million (about $74.3 million). The acquisition encompasses multiple Rhino Group entities that collectively possess the assets, licenses, personnel, and
Betsson expands Canadian presence with Rhino Entertainment acquisition
Betsson will also acquire Rhino's proprietary technology to bolster its in-house B2B offering. Gambling group Betsson has announced an agreement to acquire the Canadian B2C business of Rhino Entertainment Group, as well as various technology assets. The €64.5 million ($74.6 million) deal includes Rhino’s front-end and middleware technology, assets, personnel and holding licences and operational
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