{"id":123713,"date":"2026-03-14T17:05:48","date_gmt":"2026-03-14T16:05:48","guid":{"rendered":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/"},"modified":"2026-03-14T17:05:48","modified_gmt":"2026-03-14T16:05:48","slug":"betsson-acquires-rhino-canada-assets-64-5m","status":"publish","type":"post","link":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/","title":{"rendered":"Betsson to Acquire Rhino\u2019s Canadian Business for \u20ac64.5m"},"content":{"rendered":"<p>Betsson to Acquire Rhino Entertainment\u2019s Canadian Business and Technology Assets \u2013 \u20ac64.5m Deal Expands Ontario Presence and B2B Capabilities<\/p>\n\n<span class=\"anchor\" id=\"key-takeaways\" title=\"Key Takeaways\"><\/span><h2 class=\"wp-block-heading\">Key Takeaways<\/h2>\n\n<ul class=\"wp-block-list\"><li>Betsson will acquire Rhino Entertainment Group\u2019s B2C business licensed in Canada and its B2B technology assets for approximately \u20ac64.5m.<\/li><li>The deal includes an upfront payment of \u20ac51.25m and a deferred payment six months after closing, financed through existing cash resources.<\/li><li>Rhino\u2019s Canadian B2C entities hold licences, personnel, and operational capabilities in Ontario and other parts of Canada.<\/li><li>The acquired assets generated an estimated \u20ac13.7m in EBITDA in 2025 on a proforma basis.<\/li><li>Completion is expected in the second or third quarter of 2026, subject to regulatory approvals.<\/li><\/ul>\n\n<span class=\"anchor\" id=\"acquisition-structure-and-financial-terms\" title=\"Acquisition Structure and Financial Terms\"><\/span><h2 class=\"wp-block-heading\">Acquisition Structure and Financial Terms<\/h2>\n\n<p>Betsson has entered into an agreement to acquire the B2C business licensed in Canada and B2B technology assets from Rhino Entertainment Group. The total purchase price amounts to approximately \u20ac64.5m. Of this amount, \u20ac51.25m will be paid at closing, with the remaining balance due six months after completion.<\/p>\n\n<p>The company stated that it will use existing cash resources to finance the transaction. The structure includes both operational gambling brands and proprietary technology assets. According to Betsson, the assets to be acquired generated an estimated combined \u20ac13.7m in earnings before interest, taxes, depreciation and amortisation in 2025 on a proforma basis.<\/p>\n\n<p>Completion of the deal is subject to applicable regulatory approvals. Betsson expects the transaction to close during the second or third quarter of 2026.<\/p>\n\n<span class=\"anchor\" id=\"expansion-of-betssons-b2c-presence-in-canada\" title=\"Expansion of Betsson\u2019s B2C Presence in Canada\"><\/span><h2 class=\"wp-block-heading\">Expansion of Betsson\u2019s B2C Presence in Canada<\/h2>\n\n<p>The B2C portion of the acquisition includes entities that hold licences, assets, personnel, and operational capabilities related to Rhino\u2019s activities in Ontario and across Canada. These entities are described as being positioned to expand into additional Canadian provinces as local regulatory frameworks evolve.<\/p>\n\n<p>In Ontario, Betsson has operated the Betsafe brand since 2023. Following completion of the acquisition, Rhino\u2019s Casino Days brand, which is licensed in the province, will join Betsson\u2019s existing offering in the regulated Ontario market.<\/p>\n\n<p>In addition to Casino Days, the brands LuckySpins and Big Boost will become part of Betsson\u2019s portfolio. These brands are licensed elsewhere in Canada under the Kahnawake Gaming Commission. The inclusion of multiple licensed brands increases Betsson\u2019s footprint across different Canadian regulatory frameworks.<\/p>\n\n<p>For users comparing licensed operators in Canada, the transaction means that several established brands will operate under the Betsson umbrella once the acquisition closes. The regulatory status of each brand remains tied to its existing licensing jurisdiction.<\/p>\n\n<span class=\"anchor\" id=\"technology-assets-strengthen-b2b-offering\" title=\"Technology Assets Strengthen B2B Offering\"><\/span><h2 class=\"wp-block-heading\">Technology Assets Strengthen B2B Offering<\/h2>\n\n<p>Beyond the consumer facing brands, Betsson is also acquiring Rhino\u2019s proprietary front end and middleware technology. These assets are intended to strengthen Betsson\u2019s B2B offering and support licensing revenue.<\/p>\n\n<p>The addition of proprietary technology can play a role in how operators manage player accounts, payments, and platform integration. By incorporating Rhino\u2019s technology stack, Betsson aims to expand its capacity to provide services to third parties alongside its own consumer operations.<\/p>\n\n<p>The transaction therefore combines direct market access through licensed brands with technology infrastructure that can be deployed more broadly within Betsson\u2019s B2B activities.<\/p>\n\n<span class=\"anchor\" id=\"canadian-regulatory-context-and-alberta-developments\" title=\"Canadian Regulatory Context and Alberta Developments\"><\/span><h2 class=\"wp-block-heading\">Canadian Regulatory Context and Alberta Developments<\/h2>\n\n<p>The acquisition takes place at a time when Canada\u2019s provincial iGaming frameworks continue to develop. Ontario currently operates a regulated market for commercial iGaming operators, where both Betsafe and Casino Days are licensed.<\/p>\n\n<p>At the same time, Alberta is progressing toward the launch of a regulated market for commercial iGaming operators. The province is expected to go live at some point this year, although no specific launch date has been confirmed. Rhino\u2019s Canadian B2C entities are described as being positioned to expand into additional provinces as regulatory frameworks evolve.<\/p>\n\n<p>For operators, provincial regulation determines licensing requirements, compliance obligations, and market access. For users, this affects which brands can legally offer services in a given province and under which regulatory authority they operate.<\/p>\n\n<span class=\"anchor\" id=\"strategic-rationale-and-operational-impact\" title=\"Strategic Rationale and Operational Impact\"><\/span><h2 class=\"wp-block-heading\">Strategic Rationale and Operational Impact<\/h2>\n\n<p>Betsson stated that the transaction aligns with its strategy of investing in existing and new B2C markets while growing its B2B business. The company expects the acquisition to add economies of scale, strengthen profitability, and expand growth opportunities across both segments.<\/p>\n\n<p>By combining multiple licensed brands in Ontario with additional brands licensed under the Kahnawake Gaming Commission, Betsson increases its exposure to the Canadian market. At the same time, the integration of front end and middleware technology supports its broader B2B ambitions.<\/p>\n\n<p>The deal does not include any confirmed plans for expansion beyond Canada. However, the transaction establishes additional operational and technological capacity within North America, pending regulatory approvals.<\/p>\n\n<span class=\"anchor\" id=\"our-assessment\" title=\"Our Assessment\"><\/span><h2 class=\"wp-block-heading\">Our Assessment<\/h2>\n\n<p>The planned acquisition of Rhino Entertainment Group\u2019s Canadian B2C business and B2B technology assets will expand Betsson\u2019s licensed brand portfolio in Ontario and other Canadian jurisdictions while adding proprietary technology to its platform. With a purchase price of approximately \u20ac64.5m and expected completion in the second or third quarter of 2026, the transaction combines regulated market access with technology infrastructure and generated an estimated \u20ac13.7m in EBITDA in 2025 on a proforma basis.<\/p>\n\n<div class=\"gambling-disclaimer\">\n\t<p>\n\t\tWe have imposed strict editorial guidelines on ourselves and explain our testing methods openly and comprehensively. We also communicate transparently how our work is financed. This site may contain tracking links, but this does not influence our objective view in any way.\t<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Betsson has agreed to acquire Rhino Entertainment\u2019s Canadian B2C business and technology assets for approximately \u20ac64.5m. The deal expands its licensed presence in Ontario and adds proprietary B2B technology.<\/p>\n","protected":false},"author":8,"featured_media":123712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[],"tags":[],"news_crypto_coin":[],"class_list":["post-123713","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":{"faqs":null,"sort_number":30,"sort_number_no_override":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.0 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Betsson Acquires Rhino Canada Assets for \u20ac64.5m<\/title>\n<meta name=\"description\" content=\"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kryptocasinos.com EN\" \/>\n<meta property=\"og:description\" content=\"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\" \/>\n<meta property=\"og:site_name\" content=\"Kryptocasinos.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kryptocasinoscomm\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-14T16:05:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1408\" \/>\n\t<meta property=\"og:image:height\" content=\"736\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Isabella Brown\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Isabella Brown\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\"},\"author\":{\"name\":\"Isabella Brown\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc\"},\"headline\":\"Betsson to Acquire Rhino\u2019s Canadian Business for \u20ac64.5m\",\"datePublished\":\"2026-03-14T17:05:48+01:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\"},\"wordCount\":853,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#respond\"]}],\"description\":\"\",\"isAccessibleForFree\":true,\"articleBody\":\"Betsson to Acquire Rhino Entertainment\u2019s Canadian Business and Technology Assets - \u20ac64.5m Deal Expands Ontario Presence and B2B Capabilities\\n\\nKey Takeaways\\n\\nBetsson will acquire Rhino Entertainment Group\u2019s B2C business licensed in Canada and its B2B technology assets for approximately \u20ac64.5m.The deal includes an upfront payment of \u20ac51.25m and a deferred payment six months after closing, financed through existing cash resources.Rhino\u2019s Canadian B2C entities hold licences, personnel, and operational capabilities in Ontario and other parts of Canada.The acquired assets generated an estimated \u20ac13.7m in EBITDA in 2025 on a proforma basis.Completion is expected in the second or third quarter of 2026, subject to regulatory approvals.\\n\\nAcquisition Structure and Financial Terms\\n\\nBetsson has entered into an agreement to acquire the B2C business licensed in Canada and B2B technology assets from Rhino Entertainment Group. The total purchase price amounts to approximately \u20ac64.5m. Of this amount, \u20ac51.25m will be paid at closing, with the remaining balance due six months after completion.\\n\\nThe company stated that it will use existing cash resources to finance the transaction. The structure includes both operational gambling brands and proprietary technology assets. According to Betsson, the assets to be acquired generated an estimated combined \u20ac13.7m in earnings before interest, taxes, depreciation and amortisation in 2025 on a proforma basis.\\n\\nCompletion of the deal is subject to applicable regulatory approvals. Betsson expects the transaction to close during the second or third quarter of 2026.\\n\\nExpansion of Betsson\u2019s B2C Presence in Canada\\n\\nThe B2C portion of the acquisition includes entities that hold licences, assets, personnel, and operational capabilities related to Rhino\u2019s activities in Ontario and across Canada. These entities are described as being positioned to expand into additional Canadian provinces as local regulatory frameworks evolve.\\n\\nIn Ontario, Betsson has operated the Betsafe brand since 2023. Following completion of the acquisition, Rhino\u2019s Casino Days brand, which is licensed in the province, will join Betsson\u2019s existing offering in the regulated Ontario market.\\n\\nIn addition to Casino Days, the brands LuckySpins and Big Boost will become part of Betsson\u2019s portfolio. These brands are licensed elsewhere in Canada under the Kahnawake Gaming Commission. The inclusion of multiple licensed brands increases Betsson\u2019s footprint across different Canadian regulatory frameworks.\\n\\nFor users comparing licensed operators in Canada, the transaction means that several established brands will operate under the Betsson umbrella once the acquisition closes. The regulatory status of each brand remains tied to its existing licensing jurisdiction.\\n\\nTechnology Assets Strengthen B2B Offering\\n\\nBeyond the consumer facing brands, Betsson is also acquiring Rhino\u2019s proprietary front end and middleware technology. These assets are intended to strengthen Betsson\u2019s B2B offering and support licensing revenue.\\n\\nThe addition of proprietary technology can play a role in how operators manage player accounts, payments, and platform integration. By incorporating Rhino\u2019s technology stack, Betsson aims to expand its capacity to provide services to third parties alongside its own consumer operations.\\n\\nThe transaction therefore combines direct market access through licensed brands with technology infrastructure that can be deployed more broadly within Betsson\u2019s B2B activities.\\n\\nCanadian Regulatory Context and Alberta Developments\\n\\nThe acquisition takes place at a time when Canada\u2019s provincial iGaming frameworks continue to develop. Ontario currently operates a regulated market for commercial iGaming operators, where both Betsafe and Casino Days are licensed.\\n\\nAt the same time, Alberta is progressing toward the launch of a regulated market for commercial iGaming operators. The province is expected to go live at some point this year, although no specific launch date has been confirmed. Rhino\u2019s Canadian B2C entities are described as being positioned to expand into additional provinces as regulatory frameworks evolve.\\n\\nFor operators, provincial regulation determines licensing requirements, compliance obligations, and market access. For users, this affects which brands can legally offer services in a given province and under which regulatory authority they operate.\\n\\nStrategic Rationale and Operational Impact\\n\\nBetsson stated that the transaction aligns with its strategy of investing in existing and new B2C markets while growing its B2B business. The company expects the acquisition to add economies of scale, strengthen profitability, and expand growth opportunities across both segments.\\n\\nBy combining multiple licensed brands in Ontario with additional brands licensed under the Kahnawake Gaming Commission, Betsson increases its exposure to the Canadian market. At the same time, the integration of front end and middleware technology supports its broader B2B ambitions.\\n\\nThe deal does not include any confirmed plans for expansion beyond Canada. However, the transaction establishes additional operational and technological capacity within North America, pending regulatory approvals.\\n\\nOur Assessment\\n\\nThe planned acquisition of Rhino Entertainment Group\u2019s Canadian B2C business and B2B technology assets will expand Betsson\u2019s licensed brand portfolio in Ontario and other Canadian jurisdictions while adding proprietary technology to its platform. With a purchase price of approximately \u20ac64.5m and expected completion in the second or third quarter of 2026, the transaction combines regulated market access with technology infrastructure and generated an estimated \u20ac13.7m in EBITDA in 2025 on a proforma basis.\\n\\n\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\",\"name\":\"Betsson Acquires Rhino Canada Assets for \u20ac64.5m\",\"isPartOf\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg\",\"datePublished\":\"2026-03-14T17:05:48+01:00\",\"description\":\"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage\",\"url\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg\",\"contentUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg\",\"width\":1408,\"height\":736,\"caption\":\"Office building with a small Canadian flag, signed contract with pen, and stack of euro coins on a wooden table.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.kryptocasinos.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Betsson to Acquire Rhino\u2019s Canadian Business for \u20ac64.5m\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#website\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/\",\"name\":\"Kryptocasinos.com\",\"description\":\"\",\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#organization\",\"name\":\"Kryptocasinos.com\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg\",\"contentUrl\":\"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg\",\"width\":109,\"height\":34,\"caption\":\"Kryptocasinos.com\"},\"image\":{\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/kryptocasinoscomm\/\"],\"description\":\"Discover top-rated crypto casinos for %%currentyear%% with fast Bitcoin payouts, trustworthy security, and fair bonuses. See which casinos truly deliver.\",\"address\":{\"@type\":\"PostalAddress\",\"streetAddress\":\"557 Fuk Wing St\",\"addressLocality\":\"Cheung Sha Wan\",\"addressRegion\":\"HK\",\"postalCode\":\"999077\",\"addressCountry\":\"CN\"},\"contactPoint\":{\"@type\":\"ContactPoint\",\"email\":\"contact@kryptocasinos.com\"},\"foundingDate\":\"2021-03-27\",\"email\":\"hello@kryptocasinos.com\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"11\",\"maxValue\":\"50\"},\"publishingPrinciples\":\"https:\/\/www.kryptocasinos.com\/en\/editorial-guidelines\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc\",\"name\":\"Isabella Brown\",\"description\":\"Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.\",\"birthDate\":\"1995-02-13\",\"url\":\"https:\/\/www.kryptocasinos.com\/en\/author\/isabella\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Betsson Acquires Rhino Canada Assets for \u20ac64.5m","description":"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/","og_type":"article","og_title":"Kryptocasinos.com EN","og_description":"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities.","og_url":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/","og_site_name":"Kryptocasinos.com","article_publisher":"https:\/\/www.facebook.com\/kryptocasinoscomm\/","article_published_time":"2026-03-14T16:05:48+00:00","og_image":[{"width":1408,"height":736,"url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg","type":"image\/jpeg"}],"author":"Isabella Brown","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Isabella Brown","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#article","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/"},"author":{"name":"Isabella Brown","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc"},"headline":"Betsson to Acquire Rhino\u2019s Canadian Business for \u20ac64.5m","datePublished":"2026-03-14T17:05:48+01:00","mainEntityOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/"},"wordCount":853,"commentCount":0,"publisher":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#organization"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#respond"]}],"description":"","isAccessibleForFree":true,"articleBody":"Betsson to Acquire Rhino Entertainment\u2019s Canadian Business and Technology Assets - \u20ac64.5m Deal Expands Ontario Presence and B2B Capabilities\n\nKey Takeaways\n\nBetsson will acquire Rhino Entertainment Group\u2019s B2C business licensed in Canada and its B2B technology assets for approximately \u20ac64.5m.The deal includes an upfront payment of \u20ac51.25m and a deferred payment six months after closing, financed through existing cash resources.Rhino\u2019s Canadian B2C entities hold licences, personnel, and operational capabilities in Ontario and other parts of Canada.The acquired assets generated an estimated \u20ac13.7m in EBITDA in 2025 on a proforma basis.Completion is expected in the second or third quarter of 2026, subject to regulatory approvals.\n\nAcquisition Structure and Financial Terms\n\nBetsson has entered into an agreement to acquire the B2C business licensed in Canada and B2B technology assets from Rhino Entertainment Group. The total purchase price amounts to approximately \u20ac64.5m. Of this amount, \u20ac51.25m will be paid at closing, with the remaining balance due six months after completion.\n\nThe company stated that it will use existing cash resources to finance the transaction. The structure includes both operational gambling brands and proprietary technology assets. According to Betsson, the assets to be acquired generated an estimated combined \u20ac13.7m in earnings before interest, taxes, depreciation and amortisation in 2025 on a proforma basis.\n\nCompletion of the deal is subject to applicable regulatory approvals. Betsson expects the transaction to close during the second or third quarter of 2026.\n\nExpansion of Betsson\u2019s B2C Presence in Canada\n\nThe B2C portion of the acquisition includes entities that hold licences, assets, personnel, and operational capabilities related to Rhino\u2019s activities in Ontario and across Canada. These entities are described as being positioned to expand into additional Canadian provinces as local regulatory frameworks evolve.\n\nIn Ontario, Betsson has operated the Betsafe brand since 2023. Following completion of the acquisition, Rhino\u2019s Casino Days brand, which is licensed in the province, will join Betsson\u2019s existing offering in the regulated Ontario market.\n\nIn addition to Casino Days, the brands LuckySpins and Big Boost will become part of Betsson\u2019s portfolio. These brands are licensed elsewhere in Canada under the Kahnawake Gaming Commission. The inclusion of multiple licensed brands increases Betsson\u2019s footprint across different Canadian regulatory frameworks.\n\nFor users comparing licensed operators in Canada, the transaction means that several established brands will operate under the Betsson umbrella once the acquisition closes. The regulatory status of each brand remains tied to its existing licensing jurisdiction.\n\nTechnology Assets Strengthen B2B Offering\n\nBeyond the consumer facing brands, Betsson is also acquiring Rhino\u2019s proprietary front end and middleware technology. These assets are intended to strengthen Betsson\u2019s B2B offering and support licensing revenue.\n\nThe addition of proprietary technology can play a role in how operators manage player accounts, payments, and platform integration. By incorporating Rhino\u2019s technology stack, Betsson aims to expand its capacity to provide services to third parties alongside its own consumer operations.\n\nThe transaction therefore combines direct market access through licensed brands with technology infrastructure that can be deployed more broadly within Betsson\u2019s B2B activities.\n\nCanadian Regulatory Context and Alberta Developments\n\nThe acquisition takes place at a time when Canada\u2019s provincial iGaming frameworks continue to develop. Ontario currently operates a regulated market for commercial iGaming operators, where both Betsafe and Casino Days are licensed.\n\nAt the same time, Alberta is progressing toward the launch of a regulated market for commercial iGaming operators. The province is expected to go live at some point this year, although no specific launch date has been confirmed. Rhino\u2019s Canadian B2C entities are described as being positioned to expand into additional provinces as regulatory frameworks evolve.\n\nFor operators, provincial regulation determines licensing requirements, compliance obligations, and market access. For users, this affects which brands can legally offer services in a given province and under which regulatory authority they operate.\n\nStrategic Rationale and Operational Impact\n\nBetsson stated that the transaction aligns with its strategy of investing in existing and new B2C markets while growing its B2B business. The company expects the acquisition to add economies of scale, strengthen profitability, and expand growth opportunities across both segments.\n\nBy combining multiple licensed brands in Ontario with additional brands licensed under the Kahnawake Gaming Commission, Betsson increases its exposure to the Canadian market. At the same time, the integration of front end and middleware technology supports its broader B2B ambitions.\n\nThe deal does not include any confirmed plans for expansion beyond Canada. However, the transaction establishes additional operational and technological capacity within North America, pending regulatory approvals.\n\nOur Assessment\n\nThe planned acquisition of Rhino Entertainment Group\u2019s Canadian B2C business and B2B technology assets will expand Betsson\u2019s licensed brand portfolio in Ontario and other Canadian jurisdictions while adding proprietary technology to its platform. With a purchase price of approximately \u20ac64.5m and expected completion in the second or third quarter of 2026, the transaction combines regulated market access with technology infrastructure and generated an estimated \u20ac13.7m in EBITDA in 2025 on a proforma basis.\n\n"},{"@type":"WebPage","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/","url":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/","name":"Betsson Acquires Rhino Canada Assets for \u20ac64.5m","isPartOf":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg","datePublished":"2026-03-14T17:05:48+01:00","description":"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#primaryimage","url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg","contentUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2026\/03\/betsson-acquires-rhino-canada-assets-64-5m.jpg","width":1408,"height":736,"caption":"Office building with a small Canadian flag, signed contract with pen, and stack of euro coins on a wooden table."},{"@type":"BreadcrumbList","@id":"https:\/\/www.kryptocasinos.com\/en\/news\/betsson-acquires-rhino-canada-assets-64-5m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.kryptocasinos.com\/en\/"},{"@type":"ListItem","position":2,"name":"Betsson to Acquire Rhino\u2019s Canadian Business for \u20ac64.5m"}]},{"@type":"WebSite","@id":"https:\/\/www.kryptocasinos.com\/en\/#website","url":"https:\/\/www.kryptocasinos.com\/en\/","name":"Kryptocasinos.com","description":"","inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.kryptocasinos.com\/en\/#organization","name":"Kryptocasinos.com","url":"https:\/\/www.kryptocasinos.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg","contentUrl":"https:\/\/www.kryptocasinos.com\/wp-content\/uploads\/2025\/06\/kryptocasinos-com-logo.svg","width":109,"height":34,"caption":"Kryptocasinos.com"},"image":{"@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/kryptocasinoscomm\/"],"description":"Discover top-rated crypto casinos for %%currentyear%% with fast Bitcoin payouts, trustworthy security, and fair bonuses. See which casinos truly deliver.","address":{"@type":"PostalAddress","streetAddress":"557 Fuk Wing St","addressLocality":"Cheung Sha Wan","addressRegion":"HK","postalCode":"999077","addressCountry":"CN"},"contactPoint":{"@type":"ContactPoint","email":"contact@kryptocasinos.com"},"foundingDate":"2021-03-27","email":"hello@kryptocasinos.com","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"11","maxValue":"50"},"publishingPrinciples":"https:\/\/www.kryptocasinos.com\/en\/editorial-guidelines\/"},{"@type":"Person","@id":"https:\/\/www.kryptocasinos.com\/en\/#\/schema\/person\/badee6a5ed8b6777da5bd380d112bcdc","name":"Isabella Brown","description":"Online Gambling, Greece and my dog Gringo are my three favorite things in my life. Before working for Kryptocasinos.com I was leading the content team of an iGaming Online magazine where I was focused on researching casinos, their licenses and the connection between the members of the industry.","birthDate":"1995-02-13","url":"https:\/\/www.kryptocasinos.com\/en\/author\/isabella\/"}]}},"yoast_meta":{"_yoast_wpseo_primary_category":"","_yoast_wpseo_title":"Betsson Acquires Rhino Canada Assets for \u20ac64.5m","_yoast_wpseo_metadesc":"Betsson will acquire Rhino Entertainment\u2019s Canadian B2C business and B2B technology assets for \u20ac64.5m, expanding its Ontario presence and platform capabilities."},"_links":{"self":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/posts\/123713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/comments?post=123713"}],"version-history":[{"count":0,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/posts\/123713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/media\/123712"}],"wp:attachment":[{"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/media?parent=123713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/categories?post=123713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/tags?post=123713"},{"taxonomy":"news_crypto_coin","embeddable":true,"href":"https:\/\/www.kryptocasinos.com\/en\/wp-json\/wp\/v2\/news_crypto_coin?post=123713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}