Stoiximan launches Betano in Portugal

13 May 2019

Stoiximan Group has extended the reach of its Betano brand by rolling out the online gambling service in Portugal.

The site will feature a sportsbook with live betting and streaming, as well as an extensive casino portfolio.

Betano is also currently active in Germany, Austria and Romania, while the group operates in Cyprus and Greece under its Stoiximan brand.

“Our product has been specifically positioned to bring innovative features for the Portuguese market such as Μissions, Bet Mentor for the multiple bets fans, as well as an extensive live streaming offering, exclusively for our customers,” Betano’s country manager in Portugal, Ricardo Branquinho, said.

Stoiximan CEO, George Daskalakis, added: “Staying committed to our user-centred philosophy across our international launches, we intend to commit ourselves to steadily focus on our customers’ needs and keep rolling out continuous product improvements to keep making their experience better and even more exciting.”

Earlier this year, Greek gaming operator OPAP Group agreed a deal to acquire a 51% stake in Stoiximan’s Greek and Cypriot operations for a total consideration of €94.86m (£81.9m/$106.7m).

OPAP’s OPAP Invest arm acquired the stake from GML Interactive, a subsidiary of Stoiximan parent company TCB Holdings, and gained joint control of the business alongside two of TCB’s existing shareholders.

It followed OPAP’s acquisition of a 36.75% stake in Stoiximan, announced in September 2018, for a total consideration of €50m.