Entain expands online gaming in Eastern Europe-acquires Enlabs heavily

In order to expand Entain's business in Eastern Europe, the British gaming giant Entain has proposed to acquire the Baltic online operator Enlabs for a price of 252 million pounds. For the acquisition of Enlabs, Entain announced that it has reached an agreement with Enlabs' independent bidding committee. The company's online gaming scope also includes an Optbet located in the Baltic Sea. Not only that, Enlabs also recently bought Ninja Casino's parent company Global Gaming, which can be said to pave the way for them to make a big splash in the gaming industry in Eastern Europe.

Entain bid to buy about 42.2% of Enlabs' shares, but it needs to ensure the approval of Enlabs shareholders holding 90% of the shares before February 18. For now, Enlabs shareholders welcome the news.

Entain stated that because Enlabs is not only the top operator in Latvia, the second largest operator in Estonia, but also the top five operators in Lithuania, and also has the potential to expand to Belarus and Ukraine, Entain's acquisition plan for Enlabs can Enhance its strength in the Baltic Sea, as these two markets are mostly regulated online gambling. Entain plans to retain Enlabs chairman Niklas Braathen to ensure the successful implementation of these expanded goals.

Best Betting Sites
Bovada
Bovada

50% Welcome Bonus Upto $250

BetOnline
BetOnline

50% Welcome Bonus Upto $1,000

Xbet
Xbet

100% Welcome Bonus Upto $500

BetUS
BetUS

125% Welcome Bonus Upto $3,125

MyBookie
MyBookie

50% Welcome Bonus Upto $1,000

Recent News
Comparative study of betting platforms: how to choose the best net for you?
Comparative study of betting platforms: how to choose the best net for you?

When choosing the most suitable online platform, users need to consider several factors, including the platform's features, user interface, community activity and support services. By...

A Study of Anti-Money Laundering Measures and Compliance in the Gaming Industry Explored
A Study of Anti-Money Laundering Measures and Compliance in the Gaming Industry Explored

Anti-Money Laundering (AML) measures in the gaming industry are critical to maintaining the integrity of the financial system. This paper will explore the current status of the industry in terms of compliance, including national laws...

Online Gaming Market Trend Analysis and Future Direction Forecast Study
Online Gaming Market Trend Analysis and Future Direction Forecast Study

The online gaming market has shown rapid growth in recent years, especially with technological advancements and evolving regulatory policies. In the future, with artificial intelligence and...

Research and Practice of Profit Taking Strategies during Betting Market Downturns
Research and Practice of Profit Taking Strategies during Betting Market Downturns

Researching and practicing profitable strategies is especially important during betting market downturns. Through data analysis and behavioral research, we discuss risk control, money management and market...