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

Xbet
Xbet

100% Welcome Bonus Upto $500

BetUS
BetUS

125% Welcome Bonus Upto $3,125

MyBookie
MyBookie

50% Welcome Bonus Upto $1,000

BetOnline
BetOnline

50% Welcome Bonus Upto $1,000

Recent News
2022-2023 Premier League Odds: Who is favored to win the title, qualify for the Champions League and get relegated?

Due to some tweaks to the global soccer calendar - look at you, Qatar - the 2022-23 Premier League season is about to begin. That means fans around the world will...

Sports Betting Guide - Understanding Win/Loss Lines, Point Spreads and Odds

This could very well be the year of sports betting. So far, states across the country have broken wagering revenue records. But when it comes to sports betting language, it seems to be a...

error: