Announced
Completed
Financials
Tags
igaming
Acquisition
Single Bidder
online gambling
Public
Friendly
Majority
Casinos and Gambling
Sweden
Cross Border
Completed
Synopsis
Entain, a sports-betting and gaming group, completed the acquisition of Enlabs, a gaming company, for c. $433m. "The acquisition of Enlabs is perfectly aligned with our strategy of expanding across new regulated international markets. We are hugely excited by the growth opportunities it presents both in its existing markets and through new market opportunities. Enlabs is already a strong and rapidly growing business in its own right, but we now have a fantastic opportunity to turbocharge its growth by leveraging the power of our unparalleled proprietary technology, scale, product and marketing expertise," Shay Segev, Entain CEO. On March 1, 2021, the offer was increased from $343m to $433m. The increased offer price was declared final.
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